What's in Store for Baidu in 2017?
Baidu (BIDU) has launched a transcription tool called SwiftScribe. The tool uses artificial intelligence to convert audio files into text, and it does this work incredibly quickly.
The expanded contract with VimpelCom offers Nokia an opportunity to settle scores with rivals such as Cisco Systems (CSCO), Ericsson, and Huawei.
On March 24, Schlumberger (SLB) and Weatherford International (WFT) announced that they would form a joint venture (or JV).
A potential hiccup Sprint could face if it tries to merge with T-Mobile is that it could end up in a bidding war with a giant media company.
Toshiba has a 50-50 joint venture with Western Digital (WDC) under which the companies share the R&D, capital expenditure, and operating expenses of four fabs.
In the fiscal year ended March 2016, Toshiba’s NAND business generated revenues of $7.4 billion and operating profit of $960 million.
PayPal (PYPL) recently announced a global partnership with Oro, the B2B (business-to-business) e-commerce platform of OroCommerce.
According to PayPal (PYPL), its ~180.0 million active consumer accounts and ~15.0 million active merchant accounts put it head and shoulders above competitors.
PayPal (PYPL) is extending its merchant payment processor service to Indian online travel agency MakeMyTrip.
PayPal’s launch of its new PayPal Business app late last year was a response to an opportunity and a solution to the challenge of the digital payments market.
Uncertainty over closing the proposed merger between Walgreens Boots Alliance (WBA) and Rite Aid (RAD) has resulted in a 42.8% fall in RAD stock YTD.
The merger of Walgreens and Rite Aid would join the second- and third-largest drugstore chains and thus significantly reduce competition.
According to a recent Bloomberg report, Walgreens is working on preparing a new deal with Rite Aid in order to please regulatory authorities.
In 2016, AT&T (T) announced a definitive agreement to acquire Time Warner (TWX) in a stock-and-cash transaction valued at $107.50 per Time Warner share.
If we look at the recent performance of the company, Walmart’s US (SPY) segment has benefited from the company’s e-commerce initiatives.
Wal-Mart Stores (WMT) appears to be on an acquisition spree, buying small online retailers to solidify its position in the fast-growing online space.
Salesforce (CRM) has recently been active in the M&A (mergers and acquisitions) market, buying startups that a company official has described as “tuck-in assets.”
Microsoft (MSFT) could become a victim of the artificial intelligence partnership IBM (IBM) and Salesforce (CRM) struck in early March 2017.
Intel is looking to mitigate the integration risk by integrating its Automated Driving Group with Mobileye instead of integrating Mobileye into its business.
Intel (INTC) missed out on the mobile revolution, so now it’s trying to catch up, investing in areas such as autonomous cars and artificial intelligence.