Another corruption scandal hits Huawei with its top executive suspected of bribery

TechNode, contributing to e27;

The executive vice president of Huawei’s consumer business group Greater China, Teng Hongfei, has been taken away by the public security, according to people familiar with the matter. Once a recipient of the highest management honor granted by Huawei, Teng is under investigation for corruption charges, Caijing has reported (in Chinese).

The Walt Disney Company To Acquire Twenty-First Century Fox, Inc., After Spinoff Of Certain Businesses, For $52.4 Billion In Stock

Disney;

The Walt Disney Company (NYSE: DIS) and Twenty-First Century Fox, Inc. (“21st Century Fox” —NASDAQ: FOXA, FOX) today announced that they have entered into a definitive agreement for Disney to acquire 21st Century Fox, including the Twentieth Century Fox Film and Television studios, along with cable and international TV businesses, for approximately $52.4 billion in stock (subject to adjustment).

Twenty-First Century Fox has owned the rights to comic book characters from Deadpool, Fantastic Four and X-Men, so we may soon see the Avengers with Deadpool, Fantastic Four or even X-Men!!

I wonder what will Disney do to get back Spiderman from Sony?

Google is paying Apple billions per year to remain on the iPhone, Bernstein says

Todd Haselton, writing for CNBC;

Google is paying Apple billions of dollars to remain the default search engine on iPhones and iPads, Bernstein said in a note to investors on Monday.

The firm believes that Google will pay Apple about $3 billion this year, up from $1 billion just three years ago, and that Google’s licensing fees make up a large bulk of Apple’s services business.

Of course, Google will earn more than what they’re paid Apple in return. Just last quarter, the company reported a revenue of $26 billion.

So I’d say that $3 billion (a year) that they paid Apple is all worth it.

Snapchat Parent Snap Valued at $24 Billion After IPO Pricing

Corrie Driebusch and Maureen Farrell, reporting for Wall Street Journal;

Snap Inc. priced its initial public offering above expectations Wednesday, as investors clamored for a piece of the biggest technology IPO in the U.S. since Alibaba Group Holding Ltd. made its debut in 2014.

Snap fetched $17 a share in its offering, the company said, confirming an earlier report by The Wall Street Journal. That gives the parent of popular disappearing-message app Snapchat a market value of nearly $24 billion. It was also above the $14 to $16 a share Snap had targeted, indicating strong demand for an IPO that has captivated investors and analysts since the company confidentially filed for the offering late last year.

Twitter to shutdown Twitter Dashboard

Twitter Dashboard is a free tool to help businesses schedule Tweets, get valuable insights, and engage with their customers and community.