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AMAZON RING ACQUISITION
A contractor asked Shaquille O’Neal for $80000, his cheaper Best Buy find became a billion-dollar Amazon dealShaquille O’Neal wasn’t looking for his next investment. He just needed security cameras for his home. One company reportedly gave the reti...- In 2014, Nas invested in smart-doorbell startup Ring; 4 years later, Amazon bought the company for $1.1 billion and the American rapper pocketed at least $25 millionNas and Ring story is about the changing boundaries between entertainment, technology and entrepreneurship. Nas entered the investment worl...
- ETtech Explainer: Oura vs Ultrahuman—what’s at stake in the smart ring patent battleOura, a Finnish healthtech firm, secured a favorable initial ruling in its patent infringement case against Ultrahuman and RingConn. A US I...
- Who will Jeff Bezos select as the next James Bond? Likely candidates emerge; here are theyFollowing Amazon's $1 billion acquisition of the James Bond franchise, the search for Daniel Craig's replacement is in full swing. Names me...
- Property Share Investment REIT shares debut at 3% discount over IPO priceProperty Share Investment REIT IPO, with no grey market premium, listed on BSE on Tuesday. The fully subscribed IPO for PropShare Platina, ...
- Property Share Investment REIT IPO: Shares to debut on Tuesday. Here's what GMP indicatesProperty Share Investment REIT IPO, with no grey market premium, lists on BSE Tuesday. The fully subscribed IPO for PropShare Platina, a sm...
- Property Share files IPO papers for India’s first small and medium REIT schemeProperty Share will invest at least 5% of the scheme's units or Rs 17.6 crore as its initial contribution. The IPO consists entirely of new...
- Amazon, iRobot abandon merger in face of EU oppositionAmazon and iRobot have announced the termination of their merger plans due to opposition from EU antitrust regulators. iRobot is implementi...
- Amazon calls off bid to buy iRobot amid pushback in EuropeAmazon announced in 2022 that it would buy iRobot, maker of the circular-shaped Roomba vacuum, for $1.7 billion in cash. But the value of t...
- Amazon laying off hundreds in Prime Video, Studios in latest cutsThe staff facing exit at Prime Video and Amazon MGM Studios in the Americas will be informed on Wednesday and in most other regions by the ...
- US regulators unveil antitrust roadmap with Big Tech in crosshairsU.S. antitrust regulators published guidelines on Wednesday on the kinds of mergers and acquisitions they object to, reaffirming the skepti...
- Swedish gaming giant Embracer to cut costsSwedish gaming group Embracer, which owns the Borderlands franchise and the Tomb Raider licence, announced Tuesday a vast restructuring pro...
- Amazon charged with privacy violations over Alexa and Ring camerasThe Federal Trade Commission voted to file charges in two separate cases Wednesday that could also force the company to delete certain data...
- Netflix dominates 2022 streaming charts, 'Wednesday', 'Stranger Things', and 'Ozark' top listNetflix has dominated the 2022 streaming charts with programmes such as 'Wednesday', 'Stranger Things', and 'Ozark' top the list.
- US begins antitrust review of Amazon's takeover of vacuum maker iRobotThe US anti-trust body's iRobot review is wide-ranging and would include both head-to-head competition and whether the deal would illegally...
- Alexa! Start my Roomba: Amazon buys robot vacuum maker iRobot for $1.7 billionAmazon will pay $61 per share, valuing iRobot at a premium of 22% to the stock's last closing price of $49.99.
- Amazon cancels Lord of the Rings game announced in 2019The game had been in development at Amazon Game Studios alongside China-based Leyou Technologies Holdings, which was acquired by Chinese te...
- Why Amazon’s Flipkart bid is just not high enoughApart from possible scrutiny from the CCI, a bid from Amazon also comes with the risk of having to share highly competitive data during due...
- Amazon rolls the dice for a chance to lift FlipkartAmazon begins talks, looks to counter rival Walmart’s bid to gain foothold in market.
- The perils of a copycat modelIn India though, reaching far-flung buyers is a challenge made worse by the fact that most have, so far, preferred to pay by cash.
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