US FTC to Probe Qualcomm’s Israeli Chipmaker Autotalks Aquisition Deal: Report

US FTC to Probe Qualcomm’s Israeli Chipmaker Autotalks Aquisition Deal: Report

ByNews Polite

The US Federal Trade Commission (FTC) is expected to open an in-depth probe on Wednesday of Qualcomm’s purchase of Israeli auto-chip maker Autotalks, Politico reported on Tuesday, citing people familiar with the matter. In May, Qualcomm had said it would acquire Israel’s Autotalks, a maker of chips used in crash-prevention…

Silicon Valley Bank to Be Acquired by First Citizens After Biggest US Bank Collapse Since 2008

Silicon Valley Bank to Be Acquired by First Citizens After Biggest US Bank Collapse Since 2008

ByNews Polite

US bank First Citizens said Monday it has agreed to purchase all loans and deposits from Silicon Valley Bank, whose collapse this month sparked global fears about the sector. SVB, a key lender to the tech industry since the 1980s, became the biggest US bank to fail since 2008 when…

Elon Musk Reportedly Adds Whistleblower Payment as New Reason for Termination of $44 Billion Twitter Deal

Elon Musk Reportedly Adds Whistleblower Payment as New Reason for Termination of $44 Billion Twitter Deal

ByNews Polite

Elon Musk has found another reason to end his $44 billion (nearly Rs. 3,50,000 crore) takeover deal with Twitter. A latest report suggests that the billionaire sent a new termination letter to the social media company, adding the alleged payment made by Twitter to a whistleblower to the list of…