Salesforce’s Mega Bid For Slack Comes As CIOs Rethink Tech Needs For The Future Of Work

Much of the coverage of Salesforce’s decision to bid for Slack in a transaction valued at $27.7 billion has focused on the intense rivalry with Microsoft, whose Teams collaboration software offering has been outpacing Slack’s growth during the pandemic. But a significant shift is taking place in IT planning that creates an even more powerful commercial logic for the combination of the two software companies—and it’s a shift that’s likely to fuel more enterprise tech M&A in the year ahead.

CIOs and other tech leaders are now looking towards a future in which many more employees are allowed to work remotely for all or part of every week than before the Covid-19 pandemic began. A recent report from research firm Forrester estimates that while less than a

Read More

Luokung won bid for Heilongjiang Institute of Technology Smart Campus Project Expanding the IoT Smart Campus market

BEIJING, Nov. 30, 2020 /PRNewswire/ — Luokung Technology Corp. (NASDAQ: LKCO) (“Luokung” or the “Company”), one of the global leading spatial-temporal big-data processing technology companies, a leading interactive location-based services company in China, today announced that it won bid for Heilongjiang Institute of Technology (HIT”) Smart Campus first phase procurement project of USD 1.3 million, which is expected to be completed by the end of this year. The second and third phases will be implemented based on the infrastructure built by the first phase. The amount for the second phase is approximately USD 8 million. As the exclusive service provider for the first phase, it is highly probable that the Company will continue to implement the subsequent phases.

The Company will build a comprehensive digital base for campus smart management and smart educational administration management that integrates software and hardware, all generated data is

Read More

EU plans to open data to sharing in bid to rival Asia and U.S.

BRUSSELS (Reuters) – In an effort to avoid EU firms and citizens relying on data from Asian and U.S rivals, the European Commission is proposing new rules to allow sharing of public and personal data with businesses and research organisations.

FILE PHOTO: European Union flags flutter outside the European Commission headquarters in Brussels, Belgium August 21, 2020. REUTERS/Yves Herman

The European Union executive hopes that this could lead to improvements ranging from personalised health treatments, to better tackling climate change or developing precision farming techniques.

“Data should be accessible and the sharing of such data should be secure,” European Commission Vice-President Margrethe Vestager told a news briefing on Wednesday.

The Commission proposed a new model based on the neutrality and transparency of so-called “data intermediaries,” which would organise data sharing or pooling, to increase trust.

“For data to circulate, we need (people) to have confidence,” EU industry chief Thierry Breton

Read More

Justice Department probing NASA call to Boeing over lost lunar lander bid

So in February, Doug Loverro, then the head of NASA’s human exploration directorate, called Jim Chilton, the senior vice president of Boeing’s space and launch division, to explain that the company was going to lose the contract and to inquire whether it would file a challenge, according to two people with knowledge of the situation.

That call, which occurred during a period when the agency was to have no contact with any of the bidders, is now the subject of investigations by the NASA inspector general and the Justice Department into the integrity of the procurement, according to multiple people. It also led NASA Administrator Jim Bridenstine to force Loverro to abruptly resign in May.

Boeing did not protest the award of the lunar lander contract — which was awarded on April 30 to three bidders for a total of nearly $1 billion: a team led by Jeff Bezos’s Blue

Read More

Huawei sells Honor smartphone brand in bid to ensure survival

Huawei is selling its budget smartphone unit Honor to a government-backed consortium in an effort to ensure the brand’s survival after the Trump administration cut off the Chinese group’s access to global technology suppliers.

The group of buyers, which includes more than 30 dealers and investment firms as well as the Shenzhen city government, set up a new company in which Huawei will have no shares or involvement. No price was given for the transaction.

The sale comes as the US puts unprecedented pressure on both Huawei’s business selling telecom kits worldwide and its consumer business making smartphones, which accounts for more than half of its revenue. Washington claims Huawei is a national security threat, something the Chinese group denies.

Huawei’s sales growth in the third quarter slowed considerably, hit by US sanctions that took effect in September and largely cut the company off from smartphone chip suppliers. Its smartphone

Read More

Japan Telecom Firms Challenge $40 Billion NTT Takeover Bid

Japanese telecoms firms appealed Wednesday to the communications ministry over a planned $40-billion takeover of the country’s biggest mobile carrier by its government-backed parent, warning it would “prevent fair competition”.

NTT announced in September its plan to buy out remaining shares in NTT Docomo, in a potentially record-breaking deal.

NTT currently holds 66 percent of NTT Docomo’s shares, and its chief executive argues the move would enhance “competitiveness and growth”.

But on Wednesday, 28 Japanese telecom companies including Docomo rivals SoftBank Corp and KDDI sent a joint letter to the communications minister protesting against the move.

Making Docomo a wholly owned company “will create a powerful force that dominates the market”, they argued.

Japanese telecoms firms argue a takeover of NTT Docomo would prevent fair competition Japanese telecoms firms argue a takeover of NTT Docomo would prevent fair competition Photo: AFP / Behrouz MEHRI

“It will prevent fair competition in the telecoms market and user benefit created through competition could be lost.”


Read More

Tencent Investor Prosus Launches $5 Billion Buyback in Bid to Close Value Gap

JOHANNESBURG—Internet conglomerate Prosus NV said Friday it plans to buy back up to $5 billion of its own shares and those of its parent Naspers Ltd. , after losing out on two high-profile acquisitions. It is the latest attempt to narrow a persistent gap between the company’s market value and that of its stake in China’s Tencent Holdings Ltd.

Naspers, a South African newspaper publisher turned technology giant and Africa’s most valuable listed company, has long been struggling to bring its own market capitalization closer to that of its stake in Chinese internet and gaming colossus Tencent. Last year, it created Amsterdam-listed Prosus to hold its international assets—the 31% stake in Tencent, along with investments in tech companies such as Russian social-media operator Group Ltd. and U.S. online marketplace Letgo.

The move initially narrowed the gap, but more recently the valuation differences have grown again. Johannesburg-listed Naspers, which owns

Read More

Del. Justices Sink Solera’s Bid For Appraisal Action Coverage

Law360 (October 23, 2020, 8:25 PM EDT) — The Delaware Supreme Court on Friday ruled that Solera Holdings Inc. cannot pursue coverage from several excess insurers for tens of millions in costs it incurred in a stockholder appraisal action challenging its buyout by Vista Equity Partners, reversing a lower court and finding that the action does not qualify as a covered “securities claim.”

The unanimous Delaware high court said a state judge erred in July 2019 when she ruled that the appraisal action constituted a securities claim, which is defined in Solera’s directors and officers policies as a claim for any “actual or alleged” violation “of any federal, state…

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the

Read More

Uber Is Said to Bid $1.2 Billion for Europe Rival Free Now

Uber Technologies  (UBER) – Get Report shares fell after a report that the ride-hailing giant has offered more than 1 billion euros ($1.2 billion) to purchase its European rival Free Now, which is jointly owned by BMW and Daimler.

German business publication Manager Magazin reported that Daimler is prepared to let Free Now go, while BMW is more reluctant. 

BMW is mulling the idea of offering Uber a stake in Free Now, the publication said. 

Free Now is based in Hamburg and serves more than 100 European cities with both taxi and ride-hailing service.

Gaining hold of Free Now would give Uber a commanding position in the European taxi and ride-sharing market, MarketWatch reports.

Uber received approval last month to keep operating in London, its biggest European market, for another 18 months.

Uber recently traded at $35.04, down 3.5%. The shares have climbed 18% year to date.


Read More