Rumored Apple acquisition of Snapchat parent Snap is not going to happen says market expert

The Wall Street rumor mill is always full of possible merger combinations. Most of the time, these rumors really are fake news broadcast by Wall Street pros looking to game the system for millions in trading profits obtained by goosing a stock for a quick pop. This month’s Vanity Fair, of all places, contains a rumor stating that Apple could be looking to purchase Snapchat parent Snap.

Purchasing Snap would give Apple access to messaging app Snapchat; despite the recent change to the Snapchat UI that caused many users to sign a petition demanding the old Snapchat back, Apple might see the …


Google, Microsoft concerned that a Broadcom acquisition of Qualcomm will benefit Apple

Google and Microsoft are among some of the major tech outfits that have complained to Qualcomm about the ramifications of a Broadcom acquisition of the chipmaker. Currently, Broadcom has a $70 a share deal on the table ($105 billion) for Qualcomm consisting of $60 in cash and $10 in Broadcom shares. While there are sources suggesting that Qualcomm would be a willing seller at $80 a share and up, Broadcom is looking to install its own candidates on Qualcomm’s board, hoping that a proxy battle can help it win the company at the current bid price.

Google and Microsoft are concerned about the …

Spotify might soon offer more relevant recommendations, thanks to recent AI startup acquisition

Music you see on Spotify is about to get a lot more relevant and customized to your liking, as we learn that the green dot company has acquired AI startup Niland.

Niland was founded in 2013 in Paris and offers API-based solutions for refined and highly customized music recommendations. Its technology is focused on two aspects of music analysis – estimation of similarity and classification of tracks. Niland’s algorithms ‘teach’ machines to transform music content into specific packages of data, which is considerably different to what current services do. Instead of sourcing and analyzing …

Verizon cuts price of Yahoo acquisition by $350 million, deal to close next quarter

Verizon and Yahoo have announced that because the latter had been hacked twice, the price of Verizon’s acquisition of the once proud internet company will be reduced by $350 million. That means Verizon will pay $4.48 billion for the company, down from the originally announced $4.83 billion. Yahoo had been hacked in 2013 and 2014 with the first one affecting over 1 billion Yahoo subscribers. It is considered to be the largest hack ever reported by a corporation. Yahoo will be responsible for any liabilities related to shareholder lawsuits and regulatory fines arising from the hacking, and both companies …