Ashley Madison offers to pay $11.2 million to hacking victims

Ashley Madison’s parent company has reached a proposed $11.2 million settlement agreement with lawyers representing victims of the cheating site’s 2015 data breach.

The original article can be found here: http://www.foxnews.com/tech/2017/07/17/ashley-madison-offers-to-pay-11-2-million-to-hacking-victims.html

Powered by WPeMatico

Fitbit May Pick Up Pebble


Fitbit, the leader in the wearables category, is close to an agreement to buy struggling smartwatch maker Pebble for up to $40 million, in a move to gain the firm’s intellectual property and software. The negotiations follow several months of financial turmoil at Pebble, which reportedly slashed its workforce by 25 percent in March and has rebuffed several prior offers to be acquired. It’s rumored that Pebble CEO Eric Migicovsky turned down Citizen’s $740 million acquisition offer, as well as a $70 million bid from Intel.

The original article can be found here: http://www.ecommercetimes.com/story/84137.html?rss=1

Powered by WPeMatico

Salesforce Reels BeyondCore Into Its Cloud


Salesforce has inked an agreement to acquire BeyondCore, a data analytics firm that already has integrated its latest release with Salesforce, the companies said Monday. BeyondCore will become part of the Salesforce Analytics Cloud, extending smart data discovery and advanced analytics capabilities across the entire Salesforce Customer Success Platform, according to BeyondCore CEO Arijit Sengupta. The acquisition will boost the Analytics Cloud’s artificial intelligence efforts, according to Salesforce CEO Marc Benioff.

The original article can be found here: http://www.ecommercetimes.com/story/83814.html?rss=1

Powered by WPeMatico

Time Warner Bets Heavily on Hulu


Time Warner on Wednesday announced it has entered an agreement to buy a 10 percent stake in online-streaming service Hulu, in a bid to leverage its lineup of television and film content on multiple viewing platforms. With the new investment, Time Warner will join a joint venture that includes some of the nation’s largest media companies, including The Walt Disney Co., 21st Century Fox and Comcast. Time Warner will provide Hulu’s new live streaming service, set to launch in early 2017, with live and on-demand content.

The original article can be found here: http://www.ecommercetimes.com/story/83771.html?rss=1

Powered by WPeMatico

SolarCity Deal Would Take Tesla Where No Company Has Gone Before


Tesla Motors on Monday announced that it has reached an agreement to purchase SolarCity. The deal could create the world’s first vertically integrated sustainable energy company. The merger would drive efforts to develop rooftop solar systems, and better storage batteries for homes and businesses, as well as electric vehicles. It would, in essence, tie together Elon Musk’s sustainable energy businesses. The purchase of SolarCity would be an all-stock transaction with an equity value of $2.6 billion, according to Tesla.

The original article can be found here: http://www.ecommercetimes.com/story/83757.html?rss=1

Powered by WPeMatico

Oracle Hauls In NetSuite


Oracle has entered into a definitive agreement to acquire NetSuite — the company its former chief marketing officer, Zach Nelson, cofounded in 1998 — for $9.3 billion. NetSuite offers various software packages as cloud-based services, including ERP, accounting, CRM and sales force automation. What’s surprising about the deal is “why it took so long and why Oracle paid so much,” said Trip Chowdhry, managing director at Global Equities Research. Oracle “should’ve purchased NetSuite five years ago at half the price.”

The original article can be found here: http://www.ecommercetimes.com/story/83749.html?rss=1

Powered by WPeMatico

Yahoo Deal Could Put Verizon in Google and Facebook's League


Verizon Communications on Monday announced that it had entered into a definitive agreement to acquire Yahoo’s operating business for approximately $4.83 billion in cash. The deal, which comes on the heels of Verizon’s $4.4 billion AOL purchase last year, will allow it to expand its digital advertising business. The purchase will provide Verizon with Yahoo’s ad tech tools, including BrightRoll and Flurry, as well as Yahoo’s search, email and messenger assets. It brings to a close Yahoo’s attempts to find an interested suitor for the company.

The original article can be found here: http://www.ecommercetimes.com/story/83733.html?rss=1

Powered by WPeMatico

Volkswagen Aims to Clear the Air With $15B US Settlement


Volkswagen has reached an agreement to settle claims arising from the emissions scandal that has plagued the company since its discovery two years ago. The company has agreed to set up a $10 billion funding pool to buy back or terminate leases of diesel vehicles sold in the United States. Volkswagen had used software to cheat on emissions tests in labs for its turbocharged direct injection diesel engines. The vehicles emitted up to 40 times more nitrogen oxides in real-world driving than the company registered in lab tests.

The original article can be found here: http://www.ecommercetimes.com/story/83649.html?rss=1

Powered by WPeMatico

Microsoft and LinkedIn Go All In


Microsoft on Monday announced an agreement to buy LinkedIn, the world’s largest professional social media network, for $26.2 billion in cash. The acquisition furthers Microsoft’s effort to extend the breadth of its content portfolio and to integrate its offerings into its platform of cloud services. The companies jointly announced the deal: Microsoft will pay $196 a share in cash for LinkedIn, which will retain its brand, culture and independence under the new structure. CEO Jeff Weiner will remain at the helm, reporting to Microsoft CEO Satya Nadella.

The original article can be found here: http://www.ecommercetimes.com/story/83601.html?rss=1

Powered by WPeMatico

Rights Advocates Blast EU and Tech Firms' Hate Speech Code


Digital rights and free speech advocates are up in arms over Tuesday’s announcement of an agreement between the European Commission and four leading U.S. social media firms — Facebook, YouTube, Twitter and Microsoft — on a Code of Conduct designed to crack down on hate speech. The companies have agreed to adopt a system that allows users to flag illegal hate speech and incitement to violence. They also agreed to review flagged posts within 24 hours and to take appropriate action, such as removing them or blocking access.

The original article can be found here: http://www.ecommercetimes.com/story/83568.html?rss=1

Powered by WPeMatico

Apple Partners With SAP for Mobile App Dev


Apple and SAP last week announced an agreement to create applications for the iPhone and iPad using SAP’s HANA data management platform as well as an iOS software development kit and training academy for outside developers and customers. The move marks Apple’s latest attempt to break through to the enterprise market and comes at a challenging time for the iPhone and sluggish sales for the tablet category across the industry. The deal will transform how the iPhone and iPad are used in the enterprise world, Apple CEO Tim Cook said.

The original article can be found here: http://www.ecommercetimes.com/story/83486.html?rss=1

Powered by WPeMatico

Air Cargo Deal Gives Amazon More Control Over Deliveries


Amazon has entered a 10-year lease agreement with Atlas Air Worldwide Holdings, the aircraft company announced last week. Under the agreement, Amazon has the right to buy up to 30 percent of Atlas Air. Amazon will lease a fleet of 20 Boeing 767-300 converted freighters — including crew, maintenance and insurance — for seven years, with extensions to 10 years. Amazon also will dry lease from Atlas Air’s Titan Aviation unit for 10 years. The dry lease operation calls for Atlas Air to provide the aircraft but no crew.

The original article can be found here: http://www.ecommercetimes.com/story/83479.html?rss=1

Powered by WPeMatico

Volkswagen Agrees to Fix or Buy Back Dirty Diesel Cars


Volkswagen has reached an agreement with federal and state authorities to repair or replace about 500,000 diesel cars in the U.S., according to court documents released Thursday. The cars were equipped with software designed to deceive emissions tests. Under the agreement, announced Thursday in U.S. District Court in San Francisco, Volkswagen will pay back an undetermined amount of money to owners of the affected vehicles. Volkswagen confirmed that an agreement in principle had been reached.

The original article can be found here: http://www.ecommercetimes.com/story/83410.html?rss=1

Powered by WPeMatico

Logitech expands audio portfolio with $50M Jaybird acquisition

Article Image Accessories manufacturer Logitech on Tuesday announced an agreement to purchase Utah-based earbud maker Jaybird, known for its “active” style wireless headphone designs, in a deal worth some $50 million in cash.

The original article can be found here: http://appleinsider.com.feedsportal.com/c/33975/f/616168/s/4ee66353/sc/28/l/0Lappleinsider0N0Carticles0C160C0A40C120Clogitech0Eexpands0Eaudio0Eportfolio0Ewith0E50Am0Ejaybird0Eacquisition/story01.htm

Powered by WPeMatico

EU Fleshes Out Privacy Shield Agreement


The European Commission on Monday released a draft of the EU-U.S. Privacy Shield agreement, which would replace the controversial Safe Harbor provisions that regulated U.S. access to the data of European residents. The legal texts aim to finalize the reform of EU data protection rules, which apply to all companies doing business in the region, EC officials said. An umbrella agreement between the U.S. and the EU would establish high data protection standards on data transfers across the Atlantic.

The original article can be found here: http://www.ecommercetimes.com/story/83177.html?rss=1

Powered by WPeMatico

Microsoft Buys Xamarin to Boost Cross-Platform Development


Microsoft on Wednesday announced that it has reached an agreement to acquire Xamarin, a platform provider for mobile app development. Xamarin’s platform will be used in conjunction with Microsoft’s Visual Studio, enabling developers to build apps using C# to deliver fully native mobile app experiences across platforms, including Android and iOS, said Microsoft’s Scott Guthrie. Its technology could further allow developers to take advantage of the productivity of .NET in building apps that utilize C# to write a full set of native APIs, he added.

The original article can be found here: http://www.ecommercetimes.com/story/83162.html?rss=1

Powered by WPeMatico

Time Scoops Up MySpace With Viant Buy


Time on Thursday announced an agreement to acquire the assets of Viant Technology. The deal will let Time combine its premium content, subscriber data and ad inventory with Viant’s first-party data and targeting technology to bring value to clients of both platforms, Time said. “We’re going to be able to deliver both data-driven capabilities and premier content in a single platform now and will stand apart from those that deliver one or the other,” Time spokesperson Jill Davison said.

The original article can be found here: http://www.ecommercetimes.com/story/83113.html?rss=1

Powered by WPeMatico

Microsoft Acquires SwiftKey to Advance AI Goals


Microsoft on Wednesday announced an agreement to acquire SwiftKey, whose software keyboard and SDK are used on more than 300 million Android and iOS devices. SwiftKey’s technology aligns with Microsoft’s vision for more personal computing experiences that “anticipate our needs versus responding to our commands, and directly supports our ambition to reinvent productivity by leveraging the intelligent cloud,” said Microsoft’s Harry Shum. Users have saved an estimated 10 trillion keystrokes since the app was launched in 2010, SwiftKey said.

The original article can be found here: http://www.ecommercetimes.com/story/83072.html?rss=1

Powered by WPeMatico

San Jose signs off on massive new Apple development, company's plans still nebulous

Article Image The San Jose city council has reportedly approved a development agreement allowing Apple to build up to 4.15 million square feet of space in the north of the city, even though the company itself hasn’t yet decided what its interests are.

The original article can be found here: http://appleinsider.com.feedsportal.com/c/33975/f/616168/s/4d2cca1f/sc/28/l/0Lappleinsider0N0Carticles0C160C0A10C270Csan0Ejose0Esigns0Eoff0Eon0Emassive0Enew0Eapple0Edevelopment0Ecompanys0Eplans0Estill0Enebulous/story01.htm

Powered by WPeMatico