India’s Jio Platform, the telecom and internet arm of Indian billionaire Mukesh Ambani’s Reliance Industries, sold a $1.5 billion stake to private equity firm Vista Equity Partners, coming soon after it sold stakes to Facebook and Silver Lake, another private equity firm. Jio transformed India by spending billions to offer cheap, high-speed cellular data to hundreds of millions of users. It also...
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Why DOJ’s Damaging Evidence Against Google May Not Be Enough to Break Up the Company
Justice Department lawyers on Tuesday revealed embarrassing details about Google’s conduct in the online ad industry as part of a new antitrust lawsuit. Despite evidence and allegations that Google rigged advertising auctions and effectively stole money from website publishers that rely on the company’s advertising tools, the DOJ will have a hard time winning the case and breaking...
Intel Shares Plummet After Weak Earnings, Sales Forecast
SAP Lays Off 2.5% of Workforce, Eyes Sale of Qualtrics Stake
Comcast’s Peacock Loses Nearly $1 Billion in Q4
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