unit
- Technology
Sources: an entity under China's CAC acquired a 1% stake, or "golden shares", in an Alibaba subsidiary, and plans on taking a similar stake in a Tencent unit (Financial Times)
Financial Times: Sources: an entity under China’s CAC acquired a 1% stake, or “golden shares”, in an Alibaba subsidiary, and…
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Alphabet's life sciences unit Verily lays off about 15% of its staff, or more than 200 employees, and discontinues work on several products (Miles Kruppa/Wall Street Journal)
Miles Kruppa / Wall Street Journal: Alphabet’s life sciences unit Verily lays off about 15% of its staff, or more…
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Report: Apple VP of Services Peter Stern, who helped build Apple TV+'s business operations, is leaving, as Apple reorganizes its Services unit (Chance Miller/9to5Mac)
Chance Miller / 9to5Mac: Report: Apple VP of Services Peter Stern, who helped build Apple TV+’s business operations, is leaving,…
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Sources: Twitter cuts more staff in its diminished trust and safety team handling global content moderation and in a unit mitigating hate speech and harassment (Bloomberg)
Bloomberg: Sources: Twitter cuts more staff in its diminished trust and safety team handling global content moderation and in a…
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Stellantis announces Mobilisights, a business unit focused on selling software using connected vehicle data to enterprises, utilities, and other organizations (Kirsten Korosec/TechCrunch)
Kirsten Korosec / TechCrunch: Stellantis announces Mobilisights, a business unit focused on selling software using connected vehicle data to enterprises,…
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Chinese regulators approve Ant Group's plan to raise ~$1.5B for its consumer unit, signaling progress in the firm's government-ordered overhaul (Lulu Yilun Chen/Bloomberg)
Lulu Yilun Chen / Bloomberg: Chinese regulators approve Ant Group’s plan to raise ~$1.5B for its consumer unit, signaling progress…
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CWA announces that about 300 quality-assurance testers in Microsoft's ZeniMax unit have voted to form a union, the first in the US for Microsoft (Sarah E. Needleman/Wall Street Journal)
Sarah E. Needleman / Wall Street Journal: CWA announces that about 300 quality-assurance testers in Microsoft’s ZeniMax unit have voted…
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Intel splits AXG graphics unit into two groups under gaming and data center units; AXG's EVP Raja Koduri returns to his previous role as Intel Chief Architect (Paul Alcorn/Tom's Hardware)
Paul Alcorn / Tom’s Hardware: Intel splits AXG graphics unit into two groups under gaming and data center units; AXG’s…
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Auto parts maker Magna agrees to acquire a driver-assistance unit from SSW Partners for about $1.5B in cash and expects combined sales to reach $3B in 2024 (Elisabeth Behrmann/Bloomberg)
Elisabeth Behrmann / Bloomberg: Auto parts maker Magna agrees to acquire a driver-assistance unit from SSW Partners for about $1.5B…
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Google settles a lawsuit with an ex-employee who said the Fellowship of Friends sect dominated a Google unit; longtime sect member Peter Lubbers leaves Google (Cade Metz/New York Times)
Cade Metz / New York Times: Google settles a lawsuit with an ex-employee who said the Fellowship of Friends sect…
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