REUTERS: Walmart Inc-owned Indian e-commerce company Flipkart is looking at going public in the United States through a merger with a blank-check company, Bloomberg News reported on Thursday, citing people familiar with the matter. Flipkart has reached out to several special purpose acquisition companies (SPACs) and could seek a valuation of at least US$35 billion in a blank-check deal, the report said. Both Flipkart and Walmart did not immediately respond to Reuters requests for comment. Reuters reported in September that Bengaluru-based Flipkart, which vies with players such as Amazon.com's local unit and India's Reliance Industries, was preparing for an initial public offering (IPO) overseas as early as 2021. A SPAC is a shell company that raises money through an IPO to merge with another firm, allowing that business to list more quickly. SPACs, which have mostly listed in the United States, brought in a record US$83.4 billion through IPOs last year, according to … [Read more...] about Walmart’s Flipkart weighs US listing via SPAC merger: Bloomberg News
REUTERS: Britain's competition regulator said on Thursday it has opened an investigation into Apple Inc after complaints that the iPhone maker's terms and conditions for app developers are unfair and anti-competitive. The Competition and Markets Authority said the investigation will consider whether Apple has a dominant position in the distribution of apps on Apple devices in the UK. Apple charges a commission of up to 30per cent to developers on the value of transactions or any time a consumer buys their app. The regulator said it will also investigate if Apple imposes unfair or anti-competitive terms on developers using the App Store. "We look forward to working with the UK Competition and Markets Authority to explain how our guidelines for privacy, security and content have made the App Store a trusted marketplace for both consumers and developers," Apple said in a statement. (Reporting by Muvija M in Bengaluru; Editing by Arun Koyyur) … [Read more...] about UK starts probe on Apple’s alleged anti-competitive behaviour
Have you ever seen a bird sitting contently on a tree and wondered whether it will be afraid of the branch breaking? The bird in all likelihood doesn’t have that fear because fundamentally it’s trust doesn’t lie in the branch — it lies in its wings. The fear of external factors and rather than trust in one’s own capabilities often stifle innovation and creativity. Perhaps that’s why Apple took a quantum leap of faith by launching its own silicon chip — called M1 — and with it a new range of MacBook devices. MacBook Air has been a perennial favourite with many but the M1 chip — as per Apple’s claims — puts it on a higher pedestal. For almost three months, we have been using the M1 MacBook Air as our daily driver and we have gone back and forth on our views about the laptop. In this review we find out how good a laptop MacBook Air is. And whether it has the wherewithal to be the absolute game changer Apple claims it is. Apple MacBook Air M1 review: Design and display There’s … [Read more...] about Apple MacBook Air M1 review: Mac to the future
Technology may move at the speed of electrons, but the law tends to slouch stubbornly along like — well, like an ass. For all the hubbub about the billion-dollar jury decision in the Apple-Samsung lawsuit (and despite Apple moving forward with a bid to ban eight specific mobile gadgets ), we're not even close to a final resolution of round one in this case — let alone an appeal. That's great news for the lawyers (Apple's team at Morrison Foerster, whose email addresses all read "mofo.com", is billing at a median rate of $581 an hour, according to court documents ). It's not so great for consumers who want to figure out which phone to buy, or any company that feels the chill of potential patent infringement. And it'll be a disappointment to anyone used to the lightning pace of social media and Silicon Valley. What's Next? Mark this date in your calendars, trial watchers: September 20. That's when Judge Koh, who to her credit kept the four-week trial zipping along as fast as … [Read more...] about Apple vs. Samsung Continued: Why This War is Far From Over
Galaxy S 4G Galaxy S2 T-Mobile Galaxy S2 Skyrocket Galaxy S Showcase Galaxy S2 Epic 4G AT&T Galaxy S2 Galaxy Prevail Droid Charge Apple has identified the Samsung products it plans on trying to ban from sale in the United States. While Samsung was found guilty Friday of infringement with 28 different devices, many of those devices are no longer being sold in the United States, which makes the list of potentially banned handsets pretty slim. In the filing Apple says it "has tailored this list to address a portion of the immediate, ongoing irreparable harm that Apple is suffering." bringing the list of 28 offending devices down to eight that are currently on the market. The list includes: Galaxy S 4G, AT&T Galaxy S2, Galaxy S2 Skyrocket, Galaxy S2 T-Mobile, Galaxy S2 Epic 4G, Galaxy S Showcase, Droid Charge, Galaxy Prevail. A federal jury in San Jose, Calif., awarded Apple approximately … [Read more...] about These Are the Samsung Products Apple Wants Banned in the U.S.