Day: August 1, 2020

SoftBank to maintain stake in Arm after partial sale: Nikkei

(Reuters) – SoftBank Group Corp (9984.T) will keep a stake in its chip company Arm Holdings Ltd, even if it sells part of it to Nvidia Corp (NVDA.O) or through an initial public offering, the Nikkei Asian Review reported here

FILE PHOTO: The logo of SoftBank Group Corp is displayed at SoftBank World 2017 conference in Tokyo, Japan, July 20, 2017. REUTERS/Issei Kato/File Photo

The Japanese conglomerate is currently negotiating terms with Nvidia after receiving an approach last month, the report said, citing an unidentified source familiar with the matter, adding that it is possible that SoftBank would take stake in Nvidia after it bought Arm.

The report did not mention how much stake the company will retain in Arm.

SoftBank did not respond to a Reuters request for comment.

The Wall Street Journal reported last month that SoftBank was exploring options including a full or

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Facebook puts global block on Brazil’s Bolsonaro supporters

BRASILIA (Reuters) – Facebook (FB.O) said on Saturday it has put a global block on certain accounts controlled by supporters of Brazil’s President Jair Bolsonaro implicated in a fake news inquiry, a day after it was fined for not complying with a Supreme Court judge’s order to do so.

FILE PHOTO: A 3D-printed Facebook logo is seen placed on a keyboard in this illustration taken March 25, 2020. REUTERS/Dado Ruvic/Illustration

A spokesperson for Facebook said the order was “extreme” and threatens “freedom of expression outside of Brazil’s jurisdiction”, but said the company has agreed to the order.

“Given the threat of criminal liability to a local employee, at this point we see no other alternative than complying with the decision by blocking the accounts globally, while we appeal to the Supreme Court,” the spokesperson said.

Justice Alexandre de Moraes had ruled on Thursday that Facebook and Twitter (

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Exclusive: TikTok’s Chinese owner offers to forego stake to clinch U.S. deal – sources

NEW YORK/WASHINGTON (Reuters) – China’s ByteDance has agreed to divest the U.S. operations of TikTok completely in a bid to save a deal with the White House, after President Donald Trump said on Friday he had decided to ban the popular short-video app, two people familiar with the matter said on Saturday.

FILE PHOTO: TikTok logos are seen on smartphones in front of a displayed ByteDance logo in this illustration taken November 27, 2019. REUTERS/Dado Ruvic/Illustration/File Photo

U.S. officials have said TikTok under its Chinese parent poses a national risk because of the personal data it handles. ByteDance’s concession will test whether Trump’s threat to ban TikTok is a negotiating tactic or whether he is intent on cracking down on a social media app that has up to 80 million daily active users in the United States.

Trump told reporters onboard Air Force One late on Friday that he would

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Exclusive: ByteDance offers to forgo stake in TikTok to clinch U.S. deal – sources

FILE PHOTO: TikTok logos are seen on smartphones in front of a displayed ByteDance logo in this illustration taken November 27, 2019. REUTERS/Dado Ruvic/Illustration/File Photo

NEW YORK (Reuters) – China’s ByteDance has agreed to divest the U.S. operations of TikTok completely in a bid to save a deal with the White House, after President Donald Trump said on Friday he had decided to ban the popular short-video app, two people familiar with the matter said on Saturday.

ByteDance was previously seeking to keep a minority stake in the U.S. business of TikTok, which the White House had rejected. Under the new proposed deal, ByteDance would exit completely and Microsoft Corp would take over TikTok in the United States, the sources said. Some ByteDance investors that are based in the United States may be given the opportunity to take minority stakes in the business, the sources added.

The White House did

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