Technology

Habito Is Said to End Talks to Combine With London & Country

Home buying startup Habito and London & Country Mortgages Ltd. have ended their talks about a tie up, and the home-buying startup is instead exploring other strategic options, people familiar with the matter said. Possibilities include selling Habito to another bidder or raising new funding from a strategic partner, one of the people said, asking […]

Technology

Altice USA Considers Selling Suddenlink for Up to $20 Billion

Altice USA Inc. is exploring the sale of Suddenlink, which provides cable and internet service in the south-central US, according to people familiar with the matter, as the telecommunications company seeks to pay down its massive debt load. Altice USA is working with Goldman Sachs Group Inc. on the potential sale, which could fetch as […]

Technology

Ubisoft Delays ‘Avatar’ Video Game’s Release Until at Least 2023

Ubisoft Entertainment SA reported first-quarter bookings in line with analysts expectations but also announced it would postpone its “Avatar” game, as the French video game studio works to overcome a post-pandemic production crunch. The publisher behind the “Assassin’s Creed” franchise is “adapting” its organization “to current economic uncertainties through cost optimization,” Chief Executive Officer Yves […]

Technology

Gopuff’s Europe SVP Exits While Firm Weighs Pullback

Gopuff’s senior vice president in charge of European operations is exiting ahead of a potential pullback in the region from the fast-growing delivery startup. Steven Harman announced his departure to staff on Thursday, saying his team would now report to another manager, “until a new organization is determined,” according to an email.

Technology

Rogers Replaces Technology Chief After Costly Network Failure

Cable and wireless firm Rogers Communications Inc. installed a new head of technology after the company suffered a nationwide network failure that’s expected to cost more than $125 million. Ron McKenzie was named Rogers’ new chief technology officer, replacing Jorge Fernandes, who has left the company, a Rogers spokesperson said in a message. The change […]

Technology

Samsung Eyes $200 Billion Expansion of Chip Plants in Texas

Samsung Electronics Co. is floating the idea of a broad expansion of semiconductor manufacturing facilities in Texas, a possibly significant step in bolstering domestic capabilities at a time of rising concern over US vulnerabilities. The South Korean company, the leading maker of memory chips, laid out potential plans to spend almost $200 billion on 11 […]

Technology

Facebook Changes Users’ Feeds to Look More Like TikTok

Facebook parent Meta Platforms Inc. is changing the way it shows users posts and videos on its flagship social network, part of an effort to get people to watch content from accounts they don’t already follow and better compete with the video app TikTok. The main feed on Facebook will now be called “Home,” and […]