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Dell to use VMware to help pay for EMC deal: sources
Dell Inc is planning to use equity in cloud software company VMware Inc to help pay for its acquisition of EMC Corp in a deal valuing the data storage company at more than $55 billion, according to people familiar with the matter. While the bulk of its offer will be in cash, Dell also plans to pay EMC shareholders with "tracking stock" that follows the value of the 20 percent of VMware that EMC does not own, the people said on Friday. Dell, EMC and VMware did not immediately respond to requests for comment.
Fri, 09 Oct 2015 21:19:12 -0400
Twitter plans layoffs next week: Re/code
(Reuters) - Twitter Inc is planning company-wide layoffs next week, technology news website Re/code reported on Friday, citing sources. The news comes after Jack Dorsey was appointed permanent chief executive on Monday. It is unclear how many of Twitter's staff will be laid off, but it is likely it will affect most departments, Re/code said, citing company insiders.
Fri, 09 Oct 2015 18:21:42 -0400
Japan-backed fund considering investing in Sharp: source
By Reiji Murai TOKYO (Reuters) - A Japanese government-backed fund is considering a range of options to help turn around Sharp Corp including a direct investment, a person familiar with the matter said. A direct investment would mark a shift in thinking at the Innovation Network Corporation of Japan (INCJ), which previously only wanted to be involved in Sharp's liquid crystal display business. The source, who did not want to me named because the matter was private, said INCJ was also looking at a possible joint-investment in Sharp with Taiwan's Hon Hai Precision Industry Co in Sharp.
Sat, 10 Oct 2015 05:15:31 -0400
China publishes draft rules to regulate online car hailing services
China on Saturday published draft rules to regulate online car hailing businesses, a booming sector where U.S. firm Uber Technologies Inc [UBER.UL] and Chinese rival Didi Kuaidi have been aggressively competing for market share. The draft rules, published on the website of the Ministry of Transport, said they are aimed at maintaining order by strengthening supervision of online car hailing apps. Like in many other countries, the legality of car hailing services has vexed regulators in China where the authorities say drivers are operating outside the law.
Sat, 10 Oct 2015 05:44:09 -0400
DocuSign CEO resigns as company heads toward IPO: source
By Heather Somerville SAN FRANCISCO (Reuters) - The chief executive officer of DocuSign has resigned, according to an internal memo, signaling a leadership change for a well-funded tech company that is on the brink of an initial public offering. Keith Krach, chairman and CEO of DocuSign, a San Francisco company that makes software to add legally compliant electronic signatures to documents, told employees in a memo the company would begin a search for his successor. Krach cited DocuSign's "incredible momentum" and valuation growth of more than 60 times during his tenure, according to the memo, which was sent to employees in the last day or two, as reasons for his departure.
Fri, 09 Oct 2015 21:04:51 -0400
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