U.S. Is Said in Talks to Resolve Charges Against Huawei CFO

(Bloomberg) — The U.S. Justice Department is in talks about a possible resolution in the legal case against the chief financial officer of Huawei Technologies Co., according to a person familiar with the matter, a simmering dispute that has fueled a clash between the world’s two biggest economies.

No deal or terms have been reached in the discussion about the fate of Meng Wanzhou, said the person, asking not to be identified because the matter is private.



a person standing in front of a building: Huawei CFO Meng Wanzhou Returns To Court


© Bloomberg
Huawei CFO Meng Wanzhou Returns To Court

Meng Wanzhou leaves her home to attend Supreme Court for a hearing in Vancouver, Canada, on Nov. 25.

Photographer: Darryl Dyck/Bloomberg

Justice officials and lawyers have discussed the prospect of a deferred prosecution agreement related to wire and bank fraud charges, which would allow Meng to return home to China from Canada in exchange for admitting wrongdoing in the criminal case, Dow Jones

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U.S. in talks with Huawei CFO on deal to resolve criminal charges: WSJ

Huawei Technologies Chief Financial Officer Meng Wanzhou leaves her home to attend a court hearing in Vancouver, British Columbia, Canada November 16, 2020.

Jennifer Gaulthier | Reuters

GUANGZHOU, China — The U.S. government is in talks with Huawei’s chief finance officer, Meng Wanzhou, about a deal that could see her released back to China from Canada if she admits wrongdoing in the case against her, the Wall Street Journal reported, citing people familiar with the matter.

Lawyers for Meng have spoken to officials at the U.S. Department of Justice in recent weeks about entering a so-called deferred prosecution agreement, the WSJ said. More discussions are scheduled for this week with the aim of striking a deal before the end of the Trump administration, the report added.

The Department of Justice was not immediately available for comment when contacted by CNBC. Huawei declined to comment on the WSJ report.

Meng was 

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U.S. in Talks With Huawei’s Meng to Resolve Charges: DJ

(Bloomberg) — The U.S. Justice Department is discussing a deal that would allow the chief financial officer of Huawei Technologies Co. to return home to China from Canada in exchange for admitting wrongdoing in a criminal case, Dow Jones reported, citing people familiar with the matter.



a woman walking down a sidewalk: Meng Wanzhou, chief financial officer of Huawei Technologies Co., leaves her home to attend Supreme Court for a hearing in Vancouver, British Columbia, Canada, on Wednesday, Nov. 25, 2020. Meng was charged in 2019 with fraud and is currently fighting extradition to the U.S. from Canada.


© Bloomberg
Meng Wanzhou, chief financial officer of Huawei Technologies Co., leaves her home to attend Supreme Court for a hearing in Vancouver, British Columbia, Canada, on Wednesday, Nov. 25, 2020. Meng was charged in 2019 with fraud and is currently fighting extradition to the U.S. from Canada.

Justice officials and lawyers for Meng Wanzhou have discussed the prospect of a deferred prosecution agreement related to the wire and bank fraud charges she faces, the news service reported. She was arrested two years ago in Vancouver and has been confined to the city since then.

The Trump administration’s moves against Huawei — particularly

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Amazon in Talks to Buy Podcast Maker Wondery

Amazon.com Inc.
is in exclusive talks to purchase podcast startup Wondery, according to people familiar with the matter, as the tech giant pushes further into the growing audio sector.

The talks value Wondery at over $300 million, the people said. Wondery’s last funding round, in June 2019, valued the company at $100 million, The Wall Street Journal reported.

The company is on track to increase revenue to more than $40 million this year, according one person familiar with the matter, with about 75% of that coming from advertising and the rest from licensing to TV, to subscription services like Audible and Stitcher Premium and to Wondery’s own premium subscription service, which launched this summer.

The deal talks are continuing and negotiations could still fall apart, the people said.

Closely held Wondery is the last large, independent podcaster on the market—and could present the final opportunity for a major tech

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Amazon In Talks To Buy Podcast Publisher Wondery: Report

Internet giant Amazon is in talks to buy podcast publisher Wondery, which serves up hit audio shows “Dr. Death” and “Serial,” the Wall Street Journal reported on Wednesday.

West Hollywood-based Wondery boasts being the world’s largest independent podcast publisher, and has reportedly also explored the potential for acquisition with Apple and Sony Music Entertainment.

Industry tracker Podtrac ranked Wondery as being the fourth most listened to podcast publisher in the US in November, with slightly more than 9 million people tuning in to audio programs it hosts.

Podcasts have boomed in popularity, with people tuning in to hear compelling real or scripted stories as well as interviews.

Launched in 2016, Wondery has won audiences for shows such as Dr. Death, Dirty John, Business Wars, The Shrink Next Door, and Gladiator.

Wondery is seeking $300 million or more from a suitor, according to US media reports.

Amazon is reportedly interested in acquiring the podcasting group Wondery to expand its streaming media portfolio Amazon is reportedly interested in

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Amazon’s Andy Jassy talks up AWS Outposts, Wavelength as the right edge for hybrid cloud

At the end of a three-hour keynote address for Amazon’s annual re:Invent conference, which is taking place virtually this year, Amazon Web Services chief executive Andy Jassy wrapped up with an extended discussion about edge computing and its role in hybrid computing.

“Hybrid is not just about whether its on-premise or in the cloud,” said Jassy. Instead, IT needs “the same APIs, the same control plane, the same tools, the same hardware they get in AWS regions,” said Jassy. He was referring to Amazon’s AWS Outposts, a rack of equipment deployed at a customer facility that is a fully-managed service from Amazon. 

Jassy said Amazon has made the Outposts offering easier to purchase now with new form factors, 1U and 2U rack units, versus an entire rack-size deployment.

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“Hybrid is not just about whether its on-premise or in the cloud,” said AWS lead executive Andy Jassy in his keynote Tuesday,

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UAE National Day 2020: President Sheikh Khalifa pays tribute to Covid frontliners, talks about optimism and future in address – News

President pays tribute to nation’s frontliners in their fight against the coronavirus pandemic.

President His Highness Sheikh Khalifa bin Zayed Al Nahyan has called on the people of the UAE to look to the future with optimism and contribute with ideas and visions that will help the country achieve further progress across all sectors.

On the occasion of the UAE’s 49th National Day, Sheikh Khalifa, in a statement to Nation Shield, the UAE Armed Forces magazine, said that while the nation prepares to celebrate its Golden Jubilee in 2021, the nation’s sons and daughters should be ready to welcome the next 50 years with future visions “that will prepare our country for more development across all sectors, so that by year 2071, the UAE will become the first in the world in global indicators for well-being, happiness and quality of life.”

“Looking to the future with optimism, anticipating

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GlobalWafers in Talks to Buy Siltronic for $4.5 Billion

(Bloomberg) — Taiwan’s GlobalWafers Co. said it’s in advanced talks to acquire Siltronic AG, a German manufacturer of silicon wafers, for 3.75 billion euros ($4.5 billion), adding to a record year for deals in the global semiconductor industry.



A silicon wafer made by Taiwan Semiconductor Manufacturing Co. (TSMC) is arranged for a photograph at the company's headquarters in Hsinchu, Taiwan.


© Photographer: Maurice Tsai/Bloomberg
A silicon wafer made by Taiwan Semiconductor Manufacturing Co. (TSMC) is arranged for a photograph at the company’s headquarters in Hsinchu, Taiwan.

GlobalWafers plans to make an offer at 125 euros a share, a 10% premium to Siltronic’s closing share price on Friday. Silitronic said its executive board considers the offer “attractive and appropriate,” and added that its largest shareholder Wacker Chemie AG, which has a 30.8% stake, is prepared to sell at the same price.

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“The merger would create a leading player in the wafer industry,” Siltronic said in the statement, adding the deal would prohibit job losses in Germany until the end of 2024.

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Ex-Google CEO Eric Schmidt Talks Talks Tech, Young Leaders

(Miss this week’s The Leadership Brief? This interview below was delivered to the inbox of Leadership Brief subscribers on Sunday morning, Nov. 29. To receive weekly emails of conversations with the world’s top CEOs and business decisionmakers, click here.)

Eric Schmidt wants to see new leaders running the world, fast. “The sooner we can get the next generation in charge, given all the errors we have made, the better,” says Schmidt, the former CEO of Google. “They are generally smarter, more optimistic, they have more energy. There’s a lot of reasons to turn this thing over to them.”

But just not any kids. Schmidt is a firm believer in the power of exceptionalism. On Nov. 16 Schmidt Futures, the organization that he founded in 2017 with his wife Wendy to empower “talent who want to work on the hardest problems,” unveiled Rise, a new partnership with the Rhodes Trust to

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Payments Startup Stripe in Talks for Funding at $70 Billion Valuation or More

(Bloomberg) — Private financial technology business Stripe Inc. is in talks to raise a new funding round valuing it higher than its last private valuation of $36 billion, according to people familiar with the matter.



Patrick Collison sitting in front of a window: John Collison, president and co-founder of Stripe Inc., left, and Patrick Collison, chief executive officer and co-founder of Stripe Inc., sit for a photograph after a Bloomberg Studio 1.0 television interview in San Francisco, California, U.S., on Friday, March 23, 2018. Stripe Inc. provides payment software services and solutions by designing and producing software to process online credit and debit card payments.


© Bloomberg
John Collison, president and co-founder of Stripe Inc., left, and Patrick Collison, chief executive officer and co-founder of Stripe Inc., sit for a photograph after a Bloomberg Studio 1.0 television interview in San Francisco, California, U.S., on Friday, March 23, 2018. Stripe Inc. provides payment software services and solutions by designing and producing software to process online credit and debit card payments.

The valuation being discussed could be more than $70 billion or significantly higher, at as much as $100 billion, said one of the people, who asked not be identified because the matter is private. That would make it currently the most valuable venture-backed startup in the U.S., according to CB Insights.

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