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Mobile Minutes: SoftBank to buy ARM; Uber reaches 2B rides; Opera takeover fails; 62 bid in spectrum auction

July 19, 2016

Screen Shot 2016-07-18 at 2.28.31 PMSoftBank agrees to buy mobile chip giant ARM for $32B
Japan’s SoftBank will acquire UK chip design company, ARM Holdings, to cash in on growing demand for processors and other technologies for the internet of things and mobile markets.
Read more on PCWorld

Uber reaches 2B rides six months after hitting its first billion
Uber has completed more than 2 billion trips on its app, the company’s chief executive said on Monday, a milestone that arrives just weeks after the ride service added another $4.7 billion to its warchest.
Read more on Reuters

Opera Software’s $1.2B takeover by a Chinese group has failed
A $1.24 billion agreed takeover of Norwegian online browser and advertising company Opera Software by a Chinese consortium of internet firms has failed, Opera said on Monday, after warning last week the deal had yet to win regulatory approval.
Read more on Fortune 

US FCC says 62 bidders make down payments in spectrum auction 
The U.S. Federal Communications Commission said on Friday that 62 bidders have made upfront payments in a forthcoming wireless spectrum auction, including AT&T Inc, Verizon Communications Inc, Dish Network, T-Mobile US and Comcast Corp.
Read more on Reuters 





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