Microsoft Seeks EU Approval for $26 Billion LinkedIn Acquisition

Microsoft Seeks EU Approval for $26 Billion LinkedIn AcquisitionMicrosoft sought EU antitrust approval on Friday for its $26 billion bid for social network LinkedIn, a spokesman said on Friday, kicking off a month-long review by regulators of its largest deal.

“We filed today,” company spokesman Robin Koch said.

He said the European Commission has set a November 22 deadline to examine the case. The EUcompetition authority can either clear the deal with or without concessions or it can open a lengthy investigation if it has serious concerns.

(Also see:  Microsoft Dives Into Social With LinkedIn Deal)

US software company Salesforce has criticised the takeover, saying it threatens innovation and competition.

Microsoft is expected to say that there is more than enough competition from Facebook and social networks on smartphones.Antitrust regulators in the United States, Canada and Brazil have already cleared the deal.

© Thomson Reuters 2016

Tags: Microsoft, EU, LinkedIn, Microsoft LinkedIn Deal
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Flipkart Big Billion Days Sale Day Two: What’s on Offer

Flipkart Big Billion Days Sale Day Two: What's on Offer

Flipkart Big Billion Days sale is well and truly underway, and in case you missed out on the first day, which was majorly about fashion deals, don’t worry, there’s plenty more still to come. And not just from Flipkart, as rivals Amazon and Snapdeal are holding sales of their own, making this week India’s Black Friday and Cyber Monday rolled into one.

(Also see: Flipkart Big Billion Days Sale Thursday Offers – Mobiles, Mobiles, and Mobiles)

Wednesday is the first day of best deals on home appliances, with more offers expected on the rest of the days of the Flipkart Big Billion Days sale, which is on till Saturday. Remember that all deals as part of the Big Billion sale are app-only, which means you will need to be using the Flipkart app to be eligible for discounts.

(Also see: Flipkart Big Billion Days Sale Off to a Rocky Start)

Flipkart Big Billion Days deals on Wednesday include Vu 40-inch full-HD TV at Rs. 19,990; Noble 32-inch LED TV at Rs. 10,990; Sansui 40-inch full-HD TV at Rs. 24,990; LG 32-inch LED TV at Rs. 18,490; and Micromax 42-inch Ultra HD Smart TV at Rs 33,490.

As part of Big Billion Days sale, Flipkart is also offering Kelvinator 6kg fully automatic washing machine at Rs. 7,990; IFB 5.5kg fully automatic front load at Rs. 20,990; Kelvinator 245L double door refrigerator at Rs. 13,990; and Whirlpool 190L single door refrigerator at Rs. 10490.

If you are looking at other product categories, the Flipkart Big Billion Days sale offers Sansui 1.5 Ton 5-Star air conditioner at Rs. 23,490 (with free installation); Bajaj Solo 17l microwave oven at just Rs. 2,899; Pelonis 28L convection microwave oven at Rs. 8,499.

(Also see: Flipkart’s Big Billion Days Sale: What You Can Expect and How to Make the Most of It)

Remember you can save more by using your SBI card on all days of the Flipkart Big Billion Days sale except for 15th. On Thursday (15th), Citibank, Yes Bank, and Standard Chartered customers will get a chance to save 10 percent. Here are some other tips to make the best of Flipkart Big Billion Days sale.

If you are interested in knowing what’s coming up next in the Flipkart Big Billion Days sale, here’s a little reminder. Days 2 to 5 – Wednesday through Saturday – we will see deals on home products and appliances. Thursday might turn out to be the biggest day of Flipkart Big Billion Days sale, as it’s the first day mobiles and accessories will be offered on sale.

The discounts are expected to continue on Friday and Saturday as well. Those two days will also see on deals on other electronics and automative products as part of the Flipkart Big Billion Days sale. Finally, the last day of the Flipkart Big Billion Days sale will see deals on books, the category that kickstarted the rise of the multi-billion dollar behemoth we now know as Flipkart.

What are you planning to purchase during the Flipkart Big Billion Days sale? Let us know via the comments.

Tags: Flipkart, Flipkart Big Billion Days

 

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Comcast to Buy DreamWorks Animation for $3.8 Billion

Comcast to Buy DreamWorks Animation for $3.8 Billion

Comcast to Buy DreamWorks Animation for $3.8 Billion
DreamWorks Animation, the studio behind family blockbusters “Kung Fu Panda” and the Oscar-winning “Shrek,” is being snapped up by US entertainment and cable giant Comcast in a $3.8 billion (roughly Rs. 25,276 crores) deal announced Thursday.

Originally part of the DreamWorks group created in the 1990s by Steven Spielberg, David Geffen and former top Disney executive Jeffrey Katzenberg, the studio was spun off as a separate company in 2004.

“DreamWorks will help us grow our film, television, theme parks and consumer products businesses for years to come,” said Steve Burke, chief executive of Comcast unit NBCUniversal.

Under the deal, the animation studio will become part of NBCU’s Universal Filmed Entertainment Group, which includes Universal Pictures.

Upon completion, the studio’s chief executive Katzenberg will become chairman of DreamWorks New Media, which will include some NBCU television operations.

The new role for Katzenberg, which includes acting as consultant to NBC Universal, appeared to confirm reports he was giving up the reins at the studio he built.

“Having spent the past two decades working together with our team to build DreamWorks Animation into one of the world’s most beloved brands, I am proud to say that NBCUniversal is the perfect home for our company; a home that will embrace the legacy of our storytelling and grow our businesses to their fullest potential,” said Katzenberg.

“As for my role, I am incredibly excited to continue exploring the potential of AwesomenessTV, NOVA and other new media opportunities, and can’t wait to get started,” he said.

Burke said that Chris Meledandri, who heads Comcast’s Illumination Entertainment unit, would “help guide the growth of the DreamWorks Animation business in the future.”

The deal represents consolidation in a sector which is being challenged by the emergence of new Internet-based video services such as Netflix and Amazon, which are boosting their original programming.

It aims to strengthen NBCU programming for family and children in film, television and on-demand video potentially challenging the Walt Disney Co., which owns the Pixar animation studio.

Conquering the family space
In addition to hit movie series “Shrek,” “Kung Fu Panda,” “Madagascar” and “How to Train Your Dragon,” Comcast will acquire a string of popular franchises such as “Shark Tale” and “Monsters vs Aliens.”

The animation studio has released 32 feature films that together have pulled in more than $13 billion in global box office receipts.
Comcast has agreed to pay $41 a share in the deal, which has been approved by the boards of both companies and is expected to close later this year, subject to regulatory approvals.

As an independent studio, DreamWorks Animation has become an attractive target, “particularly for traditional media conglomerates that may increasingly look to diversify away from traditional TV networks,” said Ryan Fiftal, a Morgan Stanley analyst, in a note to clients this week.

DreamWorks’ “premium content and intellectual property is becoming increasingly scarce as new online video distributors compete aggressively for content that can stand out.”

But Richard Greenfield at BTIG Research said the deal was overvalued and shows “a lack of financial discipline that should concern investors” of Comcast.

Greenfield wrote in a blog post that DreamWorks’ “core movie business continues to struggle” and that “the quality of the television content has not been compelling to-date.”

He argued that the studio has produced “very few iconic movies, beyond Shrek, Madagascar, Kung Fu Panda and How to Train Your Dragon.”

Comcast, which is the largest US cable TV operator, acquired a majority of NBC Universal in 2009 and in 2013 boosted its stake to 100 percent.

That gave Comcast the large NBC television network as well as Universal Studios in Hollywood and its theme parks.

DreamWorks shares surged 24 percent to $39.95 on the news while Comcast added 0.64 percent to $61.70

Earlier this week, Comcast reported a first quarter net profit of $2.1 billion on $18.8 billion in revenues. Its 2015 profit was $8.2 billion on $74.5 billion in revenues.

Tags: Comcast, DreamWorks, DreamWorks Animation, Home entertainment, Internet, Telecom

[“Source-Gadgets”]

China’s $100 Billion Chip Supremacy Bid Deemed Unrealistic

China's $100 Billion Chip Supremacy Bid Deemed Unrealistic

HIGHLIGHTS

  • China wants to become premier supplier of semiconductors to the planet
  • Part of a broader effort to wean itself off foreign technology
  • China currently makes just 15 percent of the semiconductors it consumes

China faces an uphill battle in its push to become the global leader in computer chips because of a lack of technological know-how and talent, according to an analysis by Bain & Co.

China is one of the world’s largest consumers of semiconductor devices thanks to its manufacturing might, and is planning to spend more than $100 billion (roughly Rs. 6,70,854 crores) to become also a premier supplier to the planet. The global consultancy estimates that by 2020, almost 55 percent of the world’s memory, logic and analog chips will flow to or through the country. But the vast majority of the microchips that act as the brains of products like Apple’s iPhone are largely imported from companies like Intel and Samsung.

The government in 2014 moved to change this with plans to invest more than $100 billion and become a leading global player. It’s also driven consolidation among domestic suppliers to maximize its investments, including the $2.8 billion merger of Tsinghua Unigroup and Wuhan Xinxin Semiconductor Manufacturing announced last month.

China’s effort to build a world-leading semiconductor industry is part of a broader effort to wean itself off foreign technology. But financial investment will not be enough to buy leadership of the semiconductor sector, which is worth around $1 trillion (roughly Rs. 67,08,244 crores) according to Singapore-based Bain partner Kevin Meehan.

The country currently makes just 15 percent of the semiconductors it consumes, Bain said in a report. And by 2020, the consultancy expects Chinese-based plants to produce just 7 percent of the world’s microchips, barely up from current levels.

“China is coming at it in a pretty smart and intelligent way,” he said. “But I don’t see a path for them to own leading-edge processor technology and that is the foundation of Intel, the foundation of Samsung’s success.”

Efforts by Chinese companies to buy rivals with intellectual property in the processor and memory markets have run afoul of regulators around the world. Plans for a $3.8 billion (roughly Rs. 25,486 crores) investment in Western Digital Corp. were scrapped amid a US security review and investments in Taiwanese chip companies face regulatory obstacles and have stoked political tension.

“Assuming they can spend it all, the biggest risk is that they end up with a whole bunch of fragmented and weak follower positions,” Meehan said. “There’s ways for them to have influence over greater than 10 percent if they’re partnering well, but otherwise I think you’re essentially capped there.”

Meehan said China’s semiconductor makers could eventually learn from partnerships with global giants and become one of the larger suppliers of key components like computer memory. Both Intel andQualcomm have agreed to build semiconductor fabrication plants there in partnership with local providers.

“If you take a long view — not five years but decades — then certainly you’d have to believe there’s some absorption,” he said. “But people are careful not to put their leading edge IP in China.”

“I don’t see a way to get there without licensing or buying.”

Tags: Mobile, Tablet, Internet, Science

[“Source-Gadgets”]

China’s $100 Billion Chip Supremacy Bid Deemed Unrealistic

China's $100 Billion Chip Supremacy Bid Deemed Unrealistic

HIGHLIGHTS

  • China wants to become premier supplier of semiconductors to the planet
  • Part of a broader effort to wean itself off foreign technology
  • China currently makes just 15 percent of the semiconductors it consumes

China faces an uphill battle in its push to become the global leader in computer chips because of a lack of technological know-how and talent, according to an analysis by Bain & Co.

China is one of the world’s largest consumers of semiconductor devices thanks to its manufacturing might, and is planning to spend more than $100 billion (roughly Rs. 6,70,854 crores) to become also a premier supplier to the planet. The global consultancy estimates that by 2020, almost 55 percent of the world’s memory, logic and analog chips will flow to or through the country. But the vast majority of the microchips that act as the brains of products like Apple’s iPhone are largely imported from companies like Intel and Samsung.

The government in 2014 moved to change this with plans to invest more than $100 billion and become a leading global player. It’s also driven consolidation among domestic suppliers to maximize its investments, including the $2.8 billion merger of Tsinghua Unigroup and Wuhan Xinxin Semiconductor Manufacturing announced last month.

China’s effort to build a world-leading semiconductor industry is part of a broader effort to wean itself off foreign technology. But financial investment will not be enough to buy leadership of the semiconductor sector, which is worth around $1 trillion (roughly Rs. 67,08,244 crores) according to Singapore-based Bain partner Kevin Meehan.

x

The country currently makes just 15 percent of the semiconductors it consumes, Bain said in a report. And by 2020, the consultancy expects Chinese-based plants to produce just 7 percent of the world’s microchips, barely up from current levels.

“China is coming at it in a pretty smart and intelligent way,” he said. “But I don’t see a path for them to own leading-edge processor technology and that is the foundation of Intel, the foundation of Samsung’s success.”

Efforts by Chinese companies to buy rivals with intellectual property in the processor and memory markets have run afoul of regulators around the world. Plans for a $3.8 billion (roughly Rs. 25,486 crores) investment in Western Digital Corp. were scrapped amid a US security review and investments in Taiwanese chip companies face regulatory obstacles and have stoked political tension.

“Assuming they can spend it all, the biggest risk is that they end up with a whole bunch of fragmented and weak follower positions,” Meehan said. “There’s ways for them to have influence over greater than 10 percent if they’re partnering well, but otherwise I think you’re essentially capped there.”

Meehan said China’s semiconductor makers could eventually learn from partnerships with global giants and become one of the larger suppliers of key components like computer memory. Both Intel andQualcomm have agreed to build semiconductor fabrication plants there in partnership with local providers.

“If you take a long view — not five years but decades — then certainly you’d have to believe there’s some absorption,” he said. “But people are careful not to put their leading edge IP in China.”

“I don’t see a way to get there without licensing or buying.”

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Tags: Mobile, Tablet, Internet, Science

 

[“Source-Gadgets”]

Indian IT Spending to Reach $72.3 Billion in 2016: Gartner

Indian IT Spending to Reach $72.3 Billion in 2016: Gartner

India’s IT spending is expected to rise by 7.2 percent in 2016 to reach $72.3 billion (roughly Rs. 4,73,886 crores), said leading market research player Gartner on Tuesday.

“India will continue to be the fastest growing IT market for the second year in succession and will continue growing to total $87.67 billion (roughly Rs. 5,74,696 crores) by the end of 2019,” said Aman Munglani, research director, Gartner in a statement.

India, currently the third largest IT market in Asia Pacific, will become the second largest by 2019 following China, he said.

Mobile phones, personal computers and tablets falling under the category of devices are expected to account for almost 33 percent of the overall IT spend in India, growing at 9.4 percent in 2016, Gartner said.

Gartner India’s research head Partha Iyengar said that in five years, one million new devices will come online every hour, and “these interconnections are creating billions of new relationships. These relationships are not driven solely by data, but algorithms”.

Highlighting the crucial nature of algorithms, Iyengar added, “Data is inherently dumb. It doesn’t actually do anything unless you know how to use it; how to act with it. Algorithms are where the real value lies. Algorithms define action. Dynamic algorithms are the core of new customer interactions.”

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The next great leap in machine to machine evolution in the Internet of Things (IoT) will be powered by the algorithmic economy, said Gartner in the statement.

“Organizations will be valued, not just on their big data, but the algorithms that turn that data into actions, and ultimately impact customers,” it added.

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Tags: IT, India, Information Technology, Internet of Things, IoT

[“Source-Gadgets”]

Indian IT Infrastructure Market to Reach $1.93 Billion in 2016: Gartner

Indian IT Infrastructure Market to Reach $1.93 Billion in 2016: Gartner

The Indian IT infrastructure market will increase marginally to $1.93 billion (roughly Rs. 12,807 crores) this year whereas by 2020, it is likely to grow to $2.13 billion (roughly Rs. 14,137 crores), Gartner said Tuesday.

The IT infrastructure market includes server, storage and enterprise networking equipment.

In 2015, the market stood at $1.90 billion (roughly Rs. 12,611 crores). “The Indian IT infrastructure market will total $1.9 billion in 2016, a 1 percent increase from 2015,” Gartner said.

Indian enterprises will continue to focus on optimising their infrastructure and operations budgets in 2016, it added.

“Optimisation is primarily driven with an objective to create next generation data center architecture that can support the ever increasing challenges of digital business. With the emergence of bimodal IT, there are a lot of investments made in Mode 1, and there is an increasing focus on building Mode 2 infrastructure,” Naveen Mishra, research director at Gartner said.

Gartner said Mode 1 workloads are witnessing investments in areas such as cloud, software defined storage and network coupled with integrated systems.

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“Public cloud is increasingly becoming relevant for data center managers and IT leaders in India,” it added.

Enterprise networking is the biggest segment within the Indian IT infrastructure market with revenue expected to total $848 million (roughly Rs. 5,628 crores) in 2016.

“This is an area where enterprises are focusing heavily in terms of their optimisation efforts and evaluating software driven networking, as this is becoming a barrier to a seamless digital experience,” Gartner said.

Mishra said with a revenue projection of $253 million (roughly Rs. 1,679 crores) in 2016, storage investment will witness a decline from last year primarily due to improved performance.

“Enterprises are increasingly investing in software defined storage, evaluating alternate, cheaper devices, such as flash storage, which is helping them to contain the ever increasing storage costs,” he added.

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Tags: IT, India, Information Technology, Internet, Laptops, PC

[“Source-Gadgets”]

World Drone Market to Near $127 Billion in 2020: PwC

World Drone Market to Near $127 Billion in 2020: PwC

Drones will soon be boosting crop yields, verifying insurance claims, and assisting in future Hollywood blockbusters in a business that’s due to boom by more than 6,000 percent by the end of the decade.

The global market for commercial applications of drone technology, currently estimated at about $2 billion (roughly Rs. 13,325 crores), will balloon to as much as $127 billion (roughly Rs. 8,46,149 crores) by 2020, consulting group PricewaterhouseCoopers LLP said in a report published on Monday.

With Poland leading the way in drafting laws for the commercial use of unmanned aerial vehicles, non-military applications are already being designed that may revolutionize thousands of industries. One project envisions drones flying over wheat fields to detect areas where crops are failing and then calling in reinforcements to tackle affected zones by spraying pesticide or nutrients.

“The cost of drone technology is falling so quickly that a number of everyday applications are becoming cost-efficient,” Piotr Romanowski, a PwC partner and Business Advisory Leader for central and eastern Europe, told reporters.

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The new technology is allowing drones to accurately create three-dimensional maps and observe how they change over time, which could prove useful for infrastructure projects, verifying insurance claims and also for security applications, PwC said.

The transport industry may also be revolutionized by drones starting to provide “last mile services,” as already seen in tests in Switzerland, where flying vehicles have replaced postal carriers in tough-to-reach mountain regions. Drone-based applications are also helping the movie industry generate special effects and they can be used for marketing and photography and movies, the report said.

“The key barrier is actually the lack of legislation regarding the use of drones,” said Michal Mazur, head of Drone Powered Solutions at PwC in the region.

Poland was the world’s first country to draft legislation regarding the commercial use of drones, including required training for pilots, rules for BVLOS (beyond visible line of sight) flights and insurance regulations, followed by South Africa and Singapore, PwC said. The consultancy is setting up a team of as many as 40 people in Warsaw focused on the use of drone technology and data analytics in business.

© 2016 Bloomberg L.P.

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Tags: Cameras, Drones, UAVs, Unmanned Aerial Vehicles

[“Source-Gadgets”]

Apple Says One Billion iPhones Have Been Sold

Apple Says One Billion iPhones Have Been Sold

HIGHLIGHTS

  • Apple on Wednesday reported decline in iPhone sales
  • Tim Cook says iPhone has become one of history’s most important products
  • Other services of Apple are blooming as well

Apple announced Wednesday the sale of its billionth iPhone, a milestone for the company as it seeks to keep momentum in a competitive smartphone market.

Chief executive Tim Cook made the announcement at a staff meeting at the company’s California headquarters.

“iPhone has become one of the most important, world-changing and successful products in history,” he said in a statement.

(Also see:  Apple’s Tim Cook on Acquisitions, Pokemon Go, and Augmented Reality)

“It’s become more than a constant companion. iPhone is truly an essential part of our daily life and enables much of what we do throughout the day. Last week we passed another major milestone when we sold the billionth iPhone. We never set out to make the most, but we’ve always set out to make the best products that make a difference.”

The news comes a day after Apple reported a drop in iPhone sales over the past quarter, a second straight drop after uninterrupted growth since its introduction in 2007.

Apple sold 40.4 million iPhones in the quarter ending June 25, down 15 percent from a year earlier, highlighting concerns over growth for the iconic smartphone.

The quarterly results underscored the challenges for Apple, which has built a huge business around the iPhone but is unlikely to see continued growth, due to a saturated smartphone market and increased competition.

Apple has been seeking to diversify its product line and move into services for a more stable revenue base, while keeping users in its ecosystem with offerings such as music, connected cars and its Apple Watch.

Tags: Apple, Apple Watch, iPhones, Mobiles, Tim Cook
[“Source-Gadgets”]

Microsoft to shop for LinkedIn for $26.2 Billion

Microsoft to Buy LinkedIn for $26.2 Billion

HIGHLIGHTS
The deal is expected to be finished by yrquit.
Jeff Weiner will continue to be as LinkedIn CEO, reporting to Nadella.
LinkedIn will maintain its “emblem, way of life, and independence.”
Microsoft and LinkedIn on Monday announced that the Redmond giant will buy the social community forspecialists in an all-coins transaction worth $26.2 billion, a figure that consists of LinkedIn’s net cash. The transaction is anticipated to close by way of the stop of 2016, and other than regulatory approvals, will need approval by means of LinkedIn’s shareholders.

Making the announcement in a joint assertion on Monday, the agencies said LinkedIn will retain with itspersonallogo, way of life, and independence”, and that LinkedIn CEO Jeff Weiner will keep in his position,but now report to Microsoft CEO Satya Nadella.

Commenting on the purchase, Nadella said, “The LinkedIn group has grown a superb enterprise centredon connecting the arena‘s specialists. collectively we are able to accelerate the boom of LinkedIn, in addition to Microsoft office 365 and Dynamics as we seek to empower every person and corporation on earth.”

Weiner also commented on the deal, and said, “just as we’ve changed the way the arena connects toopportunity, this relationship with Microsoft, and the combination of their cloud and LinkedIn’s network, now gives us a threat to additionally trade the way the world works. For the remaining thirteen years, we have been uniquely placed to connect professionals to cause them to extra efficient and successful, and i am looking ahead to main our team thru the following bankruptcy of our tale.”

inside the press announcement, LinkedIn boasted it changed into the sector‘s “largest and mostvaluable expert community“, with over 433 million members globally, and a hundred and five millionspecific travelling contributors a month. apart from offering a platform for professionals to attach andtalk, the organisation additionally offers activity search and recruitment capability. The agencycurrently also obtained Lynda.com, the net getting to know platform.
down load the devices 360 app for Android and iOS to live up to date with the ultra-modern techinformation, product reviews, and exclusive offers on the famous mobiles.

Tags: Acquisitions, Buyouts, Jeff Weiner, LinkedIn, LinkedIn CEO, Microsoft, Microsoft CEO, professionalnetwork, Satya Nadella, Social network