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Foxconn Seals $3.5 Billion Takeover of Sharp as Execs Seek to Shake Off Doubts

April 4, 2016 Srijita$3.5, As, Billion, Doubts, Execs, Foxconn, of, Off, Seals, Seek, Shake, Sharp, Takeover, to

Foxconn and Sharp Corp on Saturday formally signed a long-awaited deal that would see the Taiwan firm take control of the Japanese display maker, as executives sought to dispel lingering doubts over whether Sharp can turn around its ebbing fortunes. At a packed news conference following the signing of the $3.5 billion deal, Foxconn CEO Terry Gou ducked questions about how – and when – Sharp would become profitable again, but expressed confidence in the Japanese company’s ability to bounce back with its highly regarded technology. Gou pointed to Sharp’s…

Oracle Seeks $9.3 Billion in Damages From Google: Report

March 31, 2016 Srijita9.3, Billion, Damages, From, Google, In, Oracle, Report, Seeks

Global software and cloud major Oracle has sought $9.3 billion (roughly Rs. 61,873 crores) from search engine giant Google over software copyrights infringement, a media report said. Oracle claims that it should receive $475 million (roughly Rs. 3,160 crores) in damages in addition to $8.8 billion (roughly Rs. 58,546 crores) relating to “profits apportioned to infringed Java copyrights”, Fortune reported, quoting IDG News Service. Citing court documents, the report said the two companies have been at odds over whether Google improperly used so-called APIs (application programming interfaces) related to the…