Anya George Tharakan

Verizon to buy Yahoo core biz for $4.48b, lower than initial offer

The offer is lower by $350 million compared to the original bid.

Software maker Synchronoss to buy Intralinks for $821m

Synchronoss Technologies Inc, which makes customer service software for mobile carriers, said on Tuesday it would buy cloud-based business software provider Intralinks Holdings Inc for $821 million in cash. Synchronoss’ offer of $13 per share represents a 15.4 percent premium to Intralinks’ Monday close. Intralinks’ shares were up 15.3 percent… Read more »

Yum to sell stake in China business to Primavera, Alibaba affiliate

KFC and Pizza Hut owner Yum Brands Inc <YUM.N> said Chinese investment firm Primavera Capital and an affiliate of Alibaba Group Holding Ltd <BABA.N> will buy a stake in Yum China for $460 million as part of a planned spinoff of the business. Primavera will invest $410 million and Ant… Read more »

Chinese investors buy ad tech startup for $900m

The company’s products, which are licensed by various publishers and ad networks, auto-learn and display the most relevant ads to users.

Oracle buys NetSuite in $9.3b deal to expand into cloud market

Oracle Corp said it would buy NetSuite Inc in a deal valued at about $9.3 billion to expand into the fast-growing cloud market.

AMC Entertainment to buy Europe’s Odeon & UCI Cinemas

AMC, majority-owned by Chinese billionaire Wang Jianlin’s Dalian Wanda Group, would have 627 theaters and more than 7,600 screens in eight countries after the purchase of the biggest theater operator in Europe.

Airbnb in talks for latest fundraising round that will value it at $30b

Airbnb, which expects to achieve profitability in 2016, raised over $100 million in a round of funding late last year that valued the company at $25.5 billion.

Facebook investors OK new share class to keep Zuckerberg at helm

Facebook Inc shareholders approved a proposal to create a new class of non-voting shares, a move aimed at letting Chief Executive Officer Mark Zuckerberg give away his wealth without relinquishing control of the social media company.

Zuckerberg’s philanthropy project makes first major investment

The Chan Zuckerberg Initiative LLC, created by Zuckerberg and his wife Priscilla Chan, led a $24 million Series B funding in Andela, the startup said on Thursday

Xerox names Ashok Vemuri as CEO of post-split BPO business

Xerox Corp said on Tuesday Ashok Vemuri will become the chief executive of its business process outsourcing unit after the company splits into two publicly traded entities. Vemuri, who previously headed IT services provider IGATE Corp from September 2013 to October 2015, will join Xerox effective July 1. While at IGATE,… Read more »