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Semiconductor products company $RMBS said it has signed an agreement to purchase the Memory Interconnect Business from $IPHI for $90MM in cash. The acquisition includes all assets including product inventory, customer contracts, supply chain agreements and intellectual property. The deal is expected to close during 3Q16.
$GOOG’s Waymo accuses Uber of stealing its intellectual property. Startup Otto, which was recently acquired by Uber, also named in the lawsuit. Stage set for another dramatic legal battle!
We all knew $VALE CEO Murilo Ferreira was going out soon, but now I hear he has no idea who will succeed him!
$JCP, another traditional retailer that just shocked us with its biggest number of store closures.