Red and black bank is seeking to raise AU$3 billion as its first-half revenue declines by 3.4%. …read more Source:: Open Source S
Tag: billion
NAB to take AU$1.14 billion hit to its first-half net profit
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•An expected AU$1.06 billion reduction in capitalised software balance is partly to blame. …read more Source:: Open Source S
Google: G Suite now has 2 billion users
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•G Suite users can also expect Smart Compose to reach more apps beyond Gmail and Google Docs. …read more Source:: Open Source S
Cornerstone OnDemand buys Saba for $1.4 billion
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•The purchase gives Cornerstone more talent experience tools to complement its base of learning and skills development products. …read more Source:: Open Source S
Snowflake raises $479 billion in funding, but Salesforce partnership key
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•Snowflake is hoping to crack more enterprise accounts via a partnership with Salesforce. Details are sparse, but the two companies have mutual aims. …read more Source:: Open Source S
Apple, Broadcom face $1.1 billion damages bill to resolve Caltech patent battle
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•The school said that Broadcom chips used in Apple devices infringed upon its patents. …read more Source:: Open Source S
Xerox gets $24 billion in financing commitments for HP buyout offer
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•Xerox’s CEO said the financing commitment is meant to dispel concerns that Xerox couldn’t raise the necessary capital to fund its buyout proposal. …read more Source:: Open Source S
Xiaomi to invest $7.2 billion in 5G, AI, and IoT over five years
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•Xiaomi is facing stiff competition in its core smartphone business as other Chinese Android-makers, especially Huawei, continue to erode the market shares of smaller players. …read more Source:: Open Source S
F5 to acquire Shape Security for approximately $1 billion
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•The deal will combine Shape’s anti-fraud capabilities with F5 Networks’ multi-cloud application protection services. …read more Source:: Open Source S
Oppo to invest 50 billion yuan in smart device research
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•It is part of the company’s plans to extend its portfolio beyond smartphones …read more Source:: Open Source S