Dell agrees to pay $1B to settle a shareholder lawsuit over a $23.9B stock conversion in 2018; investors alleged the transaction was billions below market value (Brody Ford/Bloomberg)

November 16, 2022

Brody Ford / Bloomberg:
Dell agrees to pay $1B to settle a shareholder lawsuit over a $23.9B stock conversion in 2018; investors alleged the transaction was billions below market value — Dell Technologies Inc. agreed to pay $1 billion to settle a shareholder lawsuit relating to a controversial 2018 stock conversion transaction.

Categories: Uncategorized

JD.com founder Richard Liu agreed to settle a US lawsuit filed by a former University of Minnesota student who alleged he raped her in 2018 (Amy Forliti/Associated Press)

Amy Forliti / Associated Press:
JD.com founder Richard Liu agreed to settle a US lawsuit filed by a former University of Minnesota student who alleged he raped her in 2018 — Chinese billionaire and JD.com founder Richard Liu agreed to settle a lawsuit filed by a former University of Minnesota student who alleged he raped …

October 2, 2022

A federal jury in Detroit ordered Ford to pay Versata Software $104.6M for breach of a 2004 licensing contract and misuse of trade secrets; Ford plans to appeal (Jonathan Stempel/Reuters)

Jonathan Stempel / Reuters:
A federal jury in Detroit ordered Ford to pay Versata Software $104.6M for breach of a 2004 licensing contract and misuse of trade secrets; Ford plans to appeal — A federal jury in Detroit ordered Ford Motor Co (F.N) to pay Versata Software Inc $104.6 million in damages for breaching …

October 28, 2022

PE firm Advent agrees to buy Maxar, which operates a constellation of satellites that collects images used by Google Maps and others, for $6.4B, including debt (Miriam Gottfried/Wall Street Journal)

Miriam Gottfried / Wall Street Journal:
PE firm Advent agrees to buy Maxar, which operates a constellation of satellites that collects images used by Google Maps and others, for $6.4B, including debt — Including debt, the transaction is worth $6.4 billion — Advent International agreed to buy Maxar Technologies Inc. MAXR 122.47%increase …

December 16, 2022

Sources: autonomous vehicle startup Argo AI, which raised billions in VC funding, is shutting down; top backers Ford and VW will absorb its parts and some staff (Kirsten Korosec/TechCrunch)

Kirsten Korosec / TechCrunch:
Sources: autonomous vehicle startup Argo AI, which raised billions in VC funding, is shutting down; top backers Ford and VW will absorb its parts and some staff — Argo AI, an autonomous vehicle startup that burst on the scene in 2017 stacked with a $1 billion investment, is shutting down …

October 26, 2022

Sources: Dell aims to stop using chips made in China by 2024 and tells suppliers to significantly reduce the number of all China-made components in its products (Cheng Ting-Fang/Nikkei Asia)

Cheng Ting-Fang / Nikkei Asia:
Sources: Dell aims to stop using chips made in China by 2024 and tells suppliers to significantly reduce the number of all China-made components in its products — ‘This trend looks irreversible,’ supplier exec says of tech industry’s production shift — TAIPEI — U.S. computer maker Dell aims …

January 5, 2023

A court filing from Epic’s lawsuit shows Google allegedly agreed to pay ~$360M over three years to keep Activision Blizzard from launching its own app store (Paresh Dave/Reuters)

Paresh Dave / Reuters:
A court filing from Epic’s lawsuit shows Google allegedly agreed to pay ~$360M over three years to keep Activision Blizzard from launching its own app store — Alphabet Inc’s (GOOGL.O) Google has struck at least 24 deals with big app developers to stop them from competing with its Play Store …

November 19, 2022

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