SoftBank Group said it expects to book a gain of more than $34 billion by reducing its stake in Chinese e-commerce giant Alibaba Group from 23.7% to 14.6%. The Japanese tech investment firm said in a statement that its board on Wednesday approved the plans to sell Alibaba shares through the settlement of prepaid forward contracts on the Chinese company’s U.S.-listed shares. The settlement will...
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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...
Japan and Netherlands To Join U.S. Restrictions on Chip Machinery Exports to China
Intel Shares Plummet After Weak Earnings, Sales Forecast
SAP Lays Off 2.5% of Workforce, Eyes Sale of Qualtrics Stake
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