Verizon has agreed to pay $4.8 billion to acquire Yahoo, ending a drawn-out auction process for the beleaguered internet company. The web pioneer once had a market capitalization of more than $125 billion.
Dell and EMC are betting that a diverse product portfolio will make the combined company a one-stop shop, while Hewlett-Packard says two halves of the former tech giant are better able to focus on innovation.
Tesla is scrambling to finish building its massive $5 billion battery factory to meet demand for its coming cheaper sedan and provide power for new types of vehicles CEO Elon Musk says are under development.
Huawei Technologies didn’t disclose a revenue breakdown by business segment, but analysts said the Chinese technology giant, which is increasing its share of the global smartphone market, has seen revenue growth from its carrier business.
As more Americans go car-free, cities are increasing taxes on the car-sharing industry but not ride-hailing, according to research by DePaul University into the competitive landscape of the fledgling industries.