Technology content trusted in North America and globally since 1999
7,597 Reviews & Articles | 56,130 News Posts

Business, Financial & Legal Posts - Page 12

The Walking Dead co-creator suing AMC for $280 million

By: Anthony Garreffa | More News: Business, Financial & Legal | Posted: Sep 28, 2016 8:15 am

The Walking Dead is one of the biggest shows on TV, so it should come as no surprise that co-creator Frank Darabont is now suing AMC for $280 million, after he was fired from the network in the middle of The Walking Dead's second season.




Darabont alleges that AMC denied him profits from The Walking Dead "by producing the series and then licensing it to its cable network affiliate for not enough money". AMC says the lawsuit is without merit, adding: "Plaintiffs' damages claim has no basis in reality and we will continue to vigorously defend against this lawsuit".


THR reports: "Considering that Darabont was contractually entitled to as much as 10 percent of certain Walking Dead profits after deductions, the damages figure suggests the series has made billions. The lawsuit asserts, however, that a low license fee formula has been designed to ensure that the show would never be in the black for profit participants".

Continue reading 'The Walking Dead co-creator suing AMC for $280 million' (full post)

Philadelphia 76ers acquire eSports teams Dignitas, Apex

By: Sean Ridgeley | More News: Business, Financial & Legal | Posted: Sep 26, 2016 8:28 pm

The pro basketball organization known as the Philadelphia 76ers has acquired and merged eSports teams Dignitas and Apex, and will manage the new entity as Team Dignitas on a day-to-day basis going forward. The organization says it will provide to the team sponsorship, sales, branding, digital marketing, merchandising, player recruitment, and publicity services, as well as development and wellness practices.




The acquisition makes the 76ers the first North American pro sports team to acquire an eSports team, although it isn't the only association between the two worlds: to name one example, pro/former pro athletes Shaquille O'Neal, Alex Rodriquez (aka A-Rod), and Jimmy Rollins have a stake in Team NRG.


Dignitas and Apex are known for League of Legends, Counter Strike: GO, Overwatch, Heroes of the Storm, and Smite.

Yahoo admits 500 million accounts hacked in 2014

By: Anthony Garreffa | More News: Business, Financial & Legal | Posted: Sep 26, 2016 7:31 am

Yahoo had reportedly been hacked a few years ago to the tune of 200 million usernames and passwords of account holders made it onto the dark web by 'Peace', hitting the Tor-based market 'The Real Deal'. Yahoo was said to be close to admitting the hack, but now they have, and it's even bigger than previously thought.




Chief Information Security Officer at Yahoo, Bob Lord, said: "We have confirmed that a copy of certain user account information was stolen from the company's network in late 2014 by what it believes is a state-sponsored actor. The account information may have included names, email addresses, telephone numbers, dates of birth, hashed passwords (the vast majority with bcrypt) and, in some cases, encrypted or unencrypted security questions and answers".


The hashing algorithm used is very secure, and is hard to break, with Lord adding that while no bank data was stolen, users should change their passwords. Lord added: "Based on the ongoing investigation, Yahoo believes that information associated with at least 500 million user accounts was stolen and the investigation has found no evidence that the state-sponsored actor is currently in Yahoo's network. Yahoo is working closely with law enforcement on this matter".

Analogix acquired by Chinese consortium for $500 million

By: Anthony Garreffa | More News: Business, Financial & Legal | Posted: Sep 26, 2016 3:24 am

Analogix Semiconductor have been one of my favorite companies of recent years, getting their exciting technology into a bunch of devices driving them into a totally new direction. Well, they've been acquired by a consortium led by Shanhai Capital for a whopping $500 million.




The $500 million deal is considerable, as it's one of the largest in recent history for the semiconductor industry, where billions of dollars are flowing through the market and into chipmakers. The chips that Analogix make are incredibly important, as they can drive high-res, multi-display and multiple peripherals through a single USB connector with no lag - it's impressive, to say the least.


Analogix make makes high-speed, mixed-signal chips for applications used in mobile devices, virtual/augmented reality (VR/AR), and other high-performance electronic products. Customers include Apple, Samsung, LG, Microsoft, Google, Lenovo, Dell, HP, ASUS, and HTC. The majority of the company's engineering resources are in Beijing, reports VentureBeat.



Kewei Yang, Analogix Semiconductor's Chairman and CEO said in a statement: "We are very happy to have reached this agreement, which provides significant value to our shareholders. The financial support of Shanhai Capital propels our growth while maintaining the direction, organization, and determination to serve our customers. I am especially excited that we all share the same vision of building Analogix into a much broader and more capable global semiconductor leader".

Continue reading 'Analogix acquired by Chinese consortium for $500 million' (full post)

Clinton's deleted emails won't go public before election

By: Anthony Garreffa | More News: Business, Financial & Legal | Posted: Sep 26, 2016 2:11 am

We are edging closer to finding out the next US president, with Hillary Clinton and Donald Trump set to battle on November 8, but before then we have the first presidential debate tomorrow, September 26.




Well before the presidential debate, it would've been good to read over Hillary Clinton's private email server that was nuked clean of its purported classified emails that would have ended her run for the White House - and that won't be happening. The State Department will be publishing 1,050 pages of the 10,000+ that still haven't been released.


Americans want as much transparency as possible, as Engadget reported, and they deserve it - and will not get it, it seems. Judicial Watch and other activist groups are suing the government because of the relaxed nature of the US government in its handing over of the Clinton emails, and are accusing the State Department of creating an "absolutely corrupt process" for publishing data. Ouch.

Continue reading 'Clinton's deleted emails won't go public before election' (full post)

Palmer Luckey spends money on pro-Trump 'meme magic'

By: Anthony Garreffa | More News: Business, Financial & Legal | Posted: Sep 26, 2016 1:51 am

Oculus founder Palmer Luckey is a funny guy, and it seems like he's up to some epic and probably expensive trolling as he's behind the Reddit pseudonym "NimbleRichMan," and has been funding that claims it has proven that "shitposting is powerful and meme magic is real".




The organization is called Nimble America, which is a pro-Trump organization that spreads anti-Hillary Clinton memes, and calls her a "corrupt, a warmonger, a freedom-stripper". Nimble America says that people will be offended by their Hillary Clinton memes because they hate Trump, because they can't stand to see successful people.


Luckey, through his Reddit name NimbleRichMan, said:




People are fuming, and rightly so - Luckey is the young guy who started the renewed interest now worth many tens of billions of dollars in a newly-created VR industry with the Rift... and has funded a company that helped "popularize Trump-themed white supremacists and anti-Semitic memes along with 4Chan and 8Chan".


How can Luckey be associated with this, and somehow think it was going to be okay that his company is owned by Facebook, and that there would be no backlash. Did he really think no one would find out? This is the internet.

Google rumored to acquire Twitter, news to break soon

By: Anthony Garreffa | More News: Business, Financial & Legal | Posted: Sep 24, 2016 12:16 pm

These things always seem to happen close to a weekend, but there are rumors hitting fast and hard that Twitter is fielding acquisition talks with industry giants like Google and Salesforce, as well as others.




CNBC is reporting that Twitter might receive a formal acquisition big "shortly", with Twitter's board likely to sign right away. CBNC adds that there is no actual talk of a sale right now, but sources of the site say that the talks are getting much bigger, and something could happen before the end of the year. Twitter hasn't been having the success they have been aiming for, with Twitter shares plunging over the years.


They hit their high in early 2014 at around $69 per share, but hit rock bottom a few months ago at $14, and since the acquisition rumors began, they went up 3.75% to 22.38. Salesforce acquiring Twitter is interesting, as they were reportedly gearing to acquire LinkedIn before Microsoft pulled out its wallet - and Google, well... if they acquired Twitter it would give them a huge superpower against Facebook.

Nashville approves Google Fiber, AT&T expected to sue

By: Sean Ridgeley | More News: Business, Financial & Legal | Posted: Sep 23, 2016 6:27 pm

The Nashville Metro Council gave its final approval this week to the ordinance that would see Google Fiber installed across the Tennessee, USA town. However, it expects a lawsuit from AT&T is imminent, after the rival ISP threatened as such should the ordinance pass, and after its sued Louisville over the same issue in the neighbouring state of Kentucky.




"Unfortunately, the likelihood of protracted litigation could delay implementation of this law designed to benefit Nashville's consumers," stated Nashville mayor Megan Barry. "That is why I encouraged fiber providers to work together on a solution they could all agree upon, which they were not able to do. My hope now is that any potential legal disputes over this new law can be resolved quickly, and we can move forward with expanding fiber access throughout the city."


AT&T said the ordinance -- which allows Google to make necessary wire adjustments on its own -- is "is not a good solution for faster deployment of infrastructure." Meanwhile, Comcast (which has also lobbied against the bid -- said they believe there is "a better solution that is beneficial for all consumers."

Continue reading 'Nashville approves Google Fiber, AT&T expected to sue' (full post)

McLaren denies Apple acquisition

By: Sean Ridgeley | More News: Business, Financial & Legal | Posted: Sep 21, 2016 7:08 pm

Rumors indicated Apple has been in talks for months to acquire supercar maker McLaren in a bid to accelerate its self-driving electric vehicle developments. However, McLaren, who initially declined comment on the matter, has since denied any such proposition to Reuters.



The deal -- which was never described a sure thing -- was said to be valued at $1.3 billion or more.

Continue reading 'McLaren denies Apple acquisition' (full post)

220 Skype jobs at risk as Microsoft consolidates offices

By: Sean Ridgeley | More News: Business, Financial & Legal | Posted: Sep 19, 2016 10:19 pm

Microsoft's multiple Skype offices in London are to be no more as the company consolidates them into one while merging engineering roles. In turn, the moves put 220 jobs at risk.




"Microsoft is consolidating offices across London, moving employees to Microsoft's new office at Paddington," the company's statement reads. "As part of this effort, Microsoft reviewed some London-based roles and made the decision to unify some engineering positions, potentially putting a number of globally focused Skype and Yammer roles at risk."


"We are deeply committed to doing everything we can to help those affected through this process. Microsoft will be entering into a consultation process and [it will] offer opportunities where possible."

Continue reading '220 Skype jobs at risk as Microsoft consolidates offices' (full post)