Time Warner Cable Inc is nearing an agreement to be acquired by smaller peer Charter Communications Inc for about $55 billion, combining the second and third largest U.S. cable operators, people familiar with the matter said on Monday. A deal would create a major rival to Comcast Corp, the biggest operator in the U.S.
Read moreAncestry.com LLC, the world's largest family history website helping users trace their heritage, is exploring a sale that could value it at between $2.5 billion and $3 billion, including debt, according to people familiar with the matter. Permira Advisers LLC, the buyout firm that owns most of privately held Ancestry, has hired investment banks to run an auction for the company, the people said this week.
Read moreThoma Bravo LLC, the private equity firm behind some of the technology sector’s largest leveraged buyouts, is seeking more money from investors for deals, less than a year after it raised a $3.65 billion fund, people familiar with the matter said. The new fundraising illustrates Thoma Bravo’s insatiable appetite for software makers and other technology companies, even as frothy valuations dampen other buyout firms’ enthusiasm. Thoma Bravo is seeking $1 billion for Thoma Bravo Special Opportunities Fund II, a fund that will invest in deals alongside its main buyout vehicle, Thoma Bravo Fund XI, which completed fundraising last May, the people said this week
Read moreBy Maria Kiselyova MOSCOW (Reuters) – Russia's competition watchdog said on Friday it had opened a case against Google Inc over alleged violation of anti-monopoly law, following a complaint from Russia's biggest search site Yandex NV over Google's mobile platform.
Read moreBy Nivedita Bhattacharjee MUMBAI (Reuters) – After decades of low-margin work like server maintenance, India's information technology services firms are moving upscale in search of lucrative contracts for driverless cars and other advanced projects as online innovation changes clients' needs. Companies from Tata Consultancy Services Ltd to Wipro Ltd are all joining Infosys Ltd in investing in new, high-end technology, industry watchers say. Earlier this week Infosys bought U.S.
Read more(Reuters) – YouTube is releasing a new app for children next week, called YouTube Kids, which will run on smartphones and tablets and focus on kid-appropriate content. The free app from Google Inc's online video service will be available for download from Feb.
Read moreThree months after the U.S. State Department confirmed hackers breached its unclassified email system, the government has still not been able to evict them from the network, the Wall Street Journal reported on Thursday, citing three people familiar with the investigation. Government officials, assisted by outside contractors and the National Security Agency, have repeatedly scanned the network and taken some systems offline, the Journal reported.
Read moreMADRID (Reuters) – Uber Technologies Inc has extended its UberEATS restaurant delivery service, already operating in Loc Angeles, to Barcelona, the online car ride provider said on Thursday.
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