U.S. in talks with Huawei CFO on deal to resolve criminal charges: WSJ

Huawei Technologies Chief Financial Officer Meng Wanzhou leaves her home to attend a court hearing in Vancouver, British Columbia, Canada November 16, 2020.

Jennifer Gaulthier | Reuters

GUANGZHOU, China — The U.S. government is in talks with Huawei’s chief finance officer, Meng Wanzhou, about a deal that could see her released back to China from Canada if she admits wrongdoing in the case against her, the Wall Street Journal reported, citing people familiar with the matter.

Lawyers for Meng have spoken to officials at the U.S. Department of Justice in recent weeks about entering a so-called deferred prosecution agreement, the WSJ said. More discussions are scheduled for this week with the aim of striking a deal before the end of the Trump administration, the report added.

The Department of Justice was not immediately available for comment when contacted by CNBC. Huawei declined to comment on the WSJ report.

Meng was 

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Amazon Web Services Extends Deal With Zoom

(RTTNews) – Amazon’s cloud platform Amazon Web Services or AWS announced an extension to its agreement with Zoom Video Communications, Inc. to be its preferred cloud provider.

The multi-year agreement is expected to enable Zoom to rise to the challenges brought by the COVID-19 pandemic.

Zoom will continue to leverage AWS’s global infrastructure and portfolio of services, including capabilities in compute, storage, content distribution, and security.

With AWS’s portfolio of services, Zoom could grow its core video meeting platform and innovate new customer experiences for its corporate and individual customers, Amazon said in a statement.

The companies are also collaborating to develop new solutions for Zoom’s enterprise users.

Zoom, which was in partnership with AWS since 2011, expanded its relationship earlier this year to keep up with surging demand amid the COVID-19 pandemic crisis. According to the company, hundreds of millions of new Zoom participants began to use the platform

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Salesforce buys Slack for $27.7 billion in cloud company’s largest deal

Marc Benioff, founder, chairman and CEO of enterprise cloud computing company Salesforce.

Kim Kulish | Corbis News | Getty Images

Salesforce is making the biggest acquisition in its 21-year history. The company announced on Tuesday that it’s buying chat software developer Slack for over $27 billion.

Through a combination of cash and stock, Salesforce is purchasing Slack for $26.79 a share and .0776 shares of Salesforce, according to a statement. That comes to about $45.86 a share. Prior to initial reports of a deal last week, which led to a 38% pop in Slack’s shares, the stock was trading at under $30.

The purchase marks one of the largest ever for the software industry. The biggest was IBM’s $34 billion purchase of Red Hat in 2018, followed by Microsoft’s $27 billion acquisition of LinkedIn in 2016. Last year, the London Stock Exchange agreed to buy data provider Refinitiv for $27

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Chinese smartphone maker Xiaomi raises $3.9 billion in equity deal – term sheet

HONG KONG (Reuters) – Chinese smartphone maker Xiaomi Corp has raised $3.91 billion as part of a deal that includes Hong Kong’s largest top-up placement, according to a term sheet seen by Reuters.

FILE PHOTO: People are silhouetted in front of Xiaomi’s logo at a venue in Beijing, May 10, 2016. REUTERS/Kim Kyung-Hoon/File Photo

Potential investors have been told the price should be HK$23.70 for the 1 billion shares that are being sold down in the deal, the term sheet showed.

The price is at the lower end of the range flagged by the company on Tuesday when it said the deal would be between HK$23.70 and HK$24.50.

At HK$23.70, the placement would raise $3.06 billion.

A convertible bond deal to raise $855 million was also finalised Wednesday, according to the term sheet, to take Xiaomi’s total raising to $3.91 billion.

Xiaomi’s deal is the largest top-up placement in Hong

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Salesforce to buy Slack in $27.7 billion deal

Salesforce is buying workplace messaging app Slack for $27.7 billion, marking the largest acquisition in the San Francisco-based cloud-based company’s history.



graphical user interface, application


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Under the terms of the agreement, Slack shareholders will receive $26.79 in cash and 0.0776 shares of Salesforce stock per Slack share. Salesforce announced the deal Tuesday in conjunction with its earnings release for its third quarter of fiscal 2021.

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The move will allow Salesforce, which sells cloud-based customer relationship management software and other enterprise applications, to bolster its business offerings.

Slack’s stock was essentially flat in after hours trading Tuesday. Salesforce shares fell more than 4%.

Salesforce on Tuesday posted third quarter revenue of $5.42 billion, up 20% from the same period in the prior year, and diluted earnings per share of $1.15. The results beat analyst expectations, but revenue growth slowed compared to the two earlier quarters in this fiscal year.

The company

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BlackBerry spikes record 65% after finalizing deal with Amazon for automotive data software

BlackBerry CEO NYSE
John Chen, CEO of BlackBerry, gives an interview following the opening of his company’s stock at the New York Stock Exchange (NYSE) in New York, U.S., October 16, 2017.


  • BlackBerry surged as much as 65% on Tuesday after the company inked a multi-year deal with Amazon to develop and market its “Intelligent Vehicle Data Platform.”
  • The cloud software, called IVY, allows automakers to read vehicle sensor data and improve systems and performance, according to a press release.
  • The stock’s leap is its biggest one-day gain on record and placed shares at their highest level since April 2019.
  • Watch BlackBerry trade live here.

BlackBerry rocketed as much as 61% higher on Tuesday after inking a multi-year deal with Amazon to develop and market BlackBerry’s “Intelligent Vehicle Data Platform”.

The platform, named IVY, includes cloud-connected software that allows automakers to read vehicle sensor data and “create actionable insights from

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BlackBerry Stock Jumps 50% on Deal With Amazon Web Services for Connected Car Software

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BlackBerry shares were surging 53.5%, at $9.01, in recent trading.


Agence France-Presse/Getty Images


BlackBerry

shares have spiked more than 50% on Tuesday amid surging investor optimism about the company’s automobile sensor software platform, known as Ivy.

Having long ago moved on from its once-iconic mobile phones, BlackBerry (ticker: BB) Tuesday morning announced a deal with

Amazon.com’s

(AMZN) Amazon Web Services to jointly develop and market Ivy, which BlackBerry describes as “a scalable, cloud-connected software platform that will allow automakers to provide a consistent and secure way to read vehicle sensor data, normalize it, and create actionable insights from that data both locally in the vehicle and in the cloud.” The company said auto makers can use Ivy “to create responsive in-vehicle services that enhance driver and passenger experiences.”

The companies didn’t provide any financial details of the arrangement, but the announcement has had the effect of turning

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Cyber Monday PC deal: This cheap AMD Ryzen desktop is the best value computer under $380

If you are after a great computer deal on Cyber Monday, then check the deal that Banggood has on the Minisforum DeskMini DMAF5, currently at $378.25 when you use the code BGDMAF5 at checkout. That’s a near $315 discount or almost 46% off.

It is home to a powerful quad-core AMD Ryzen 5 3550H processor which comes with a Radeon Vega 8 graphics unit which is fast enough to power up nearly 25 million pixels split across three 4K monitors (one HDMI, one DisplayPort and one USB Type-C, all at 60Hz).

PS: A better version of this PC with 16GB and 512GB SSD is also available for $459.99

Best value PC under $380

Minisforum DMAF5 Ryzen 5 mini PC: $689 $374.25 at Banggood
Save $314 by using the exclusive code BGDMAF5 at checkout for the CN warehouse. It expires on December 15. This is a powerful Ryzen 5 PC

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S&P Nears $44 Billion IHS Markit Deal to Build Data Giant

(Bloomberg) — S&P Global Inc. is in advanced talks to buy IHS Markit Ltd. for about $44 billion, a deal that would accelerate the wave of consolidation among Wall Street’s biggest data providers.

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An announcement could come as early as Monday, according to a person familiar with the matter, who declined to be identified because the information isn’t public. IHS Markit was valued at $36.9 billion at the close of New York trading on Friday, after climbing to a record earlier in the week. S&P has a market capitalization of $82 billion after climbing 25% in New York this year.

The proposed tie-up of S&P with IHS Markit, a research firm with more than 5,000 analysts, data scientists, financial experts and industry specialists, is part of a race for scale as the industry’s largest players try to capitalize on surging demand for data and analytics in increasingly computerized

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Cyber Monday Mac App Deal: get Parallels Desktop Pro, Luminar 4, plus 10 other apps for just $42

If you want to run Windows on your Intel-based Mac, you can’t afford not to pick up this bundle of 12 Mac apps worth over $1,266, which includes one year of Parallels Desktop Pro. Snap up the Cyber Monday Mac app bundle for just $42 with coupon.

The collection is headed up by Parallels Desktop Pro, the well-known tool for running Windows applications on your Mac, without needing to use Boot Camp or having to acquire a separate and dedicated Windows-based computer. Given that Parallels Desktop Pro is usually $99.99, that alone makes this an astonishing deal before you take into account what else is in it. Please note: The bundle includes a 1-year license that automatically renews, but users can cancel

Another well-known Mac app in the collection is Luminar 4, a $79.99 photo editor that takes advantage of artificial intelligence to improve your photographs. The software assistance

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