Warren Buffett's company loses bid for Tech Data, at 5.14 billion USD. Image via Reuters.
Technology

Berkshire Hathaway loses multi-billion dollar bid for Tech Data

Berkshire Hathaway, the investment company founded by renowned multi-billionaire Warren Buffett, lost its bid for acquiring Tech Data, a billion dollar technology equipment distribution firm. Hathaway lost to competitor Apollo Global Management Inc, which offered Tech Data 145 USD per share instead of Berkshire's 140 per share, acquiring the company for a total of 5.14 billion USD.

technology investment warren-buffet berkshire-hathaway tech-data equipment distributor apollo company

Mon Dec 02 - Reuters

Related Articles

The US plans a crackdown on the Chinese technology companies
Technology
The US plans a crackdown on the Chinese technology companies

The US Secretary of State, Mike Pompeo said in a statement that Chinese apps like TikTok and WeChat pose "significant threats to the personal data of American citizens". Wednesday's announcement marks a further deterioration in relations between Washington and Beijing. President Donald Trump hinted at a potential ban on apps like TikTok in order to safeguard the security of American users

technology china us

Thu Aug 06 - BBC
Tencent adds $200 billion this year, now bigger than Facebook
Technology
Tencent adds $200 billion this year, now bigger than Facebook

China’s gaming and social media giant Tencent is now more valuable than Facebook, Tencent’s market capitalization has surpassed Facebook’s following a huge rally in the Chinese firm’s shares this year. The total value of publicly traded shares of the Chinese gaming and social media giant that owns WeChat stood at $664.50 billion at around 3:07 p.m. Singapore time. Meanwhile, Facebook’s market cap totaled $656.15 billion as of Tuesday’s close

facebook technology wechat tencent

Wed Jul 29 - CNBC
Zoom misses its deadline to publish the first transparency report
Technology
Zoom misses its deadline to publish the first transparency report

Video conferencing app Zoom missed its own deadline to publish its first transparency report. The video conferencing giant previously said it would release the number of government demands it has received by June 30. But the company said it’s missed that target and has given no firm new date for releasing the figures. It comes amid heightened scrutiny of the service after several security and privacy concerns came to light

technology privacy report zoom

Thu Jul 02 - Techcrunch
Google will give $1,000 to every employee to work from home
Technology
Google will give $1,000 to every employee to support work from home

Google CEO Sundar Pichai said he expects most employees will largely be working from home for the rest of the year. To help with the shift to working from home, the company has offered virtual training and classes. And it has shifted some of its notorious perks online. Google also recently offered all employees a $1,000 allowance to spend on equipment to help outfit their home workspaces

google technology sundar pichai

Fri Jun 05 - CNN