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Toshiba Memory to buy back preferred shares from Apple, Dell, others for USD 4 bln - report

2019-05-20 14:44:00| Telecompaper Headlines

(Telecompaper) Toshiba Memory, bought last year by Bain Capital, is hoping to buy out the preferred shares held in the company by Apple, Dell, Kingston Technology and Seagate Technology for over 4 USD , the Wall Street Journal reported, with sources estimating the deal at over USD 4 billion. The transaction will come under a refinancing plan worth JPY 1.3 trillion, or USD 11.8 billion, from Japanese banks. The money will go towards buying back the shares and simplifying the capital structure. This will make it easier for Toshiba Memory to list itself, the sources said. The Japanese banks working on the refinancing plan include the government-owned Development Bank of Japan, set to buy JPY 300 billion worth of shares and debt. 

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SCOTUS Greenlights Apple App Store Antitrust Lawsuit

2019-05-14 14:00:00| TechNewsWorld

The U.S. Supreme Court has given thumbs up for a class action antitrust lawsuit to proceed against Apple for alleged monopolistic practices at its App Store. In the case, Apple Inc. v. Pepper et al., the consumer plaintiffs maintain the Cupertino, California, company has monopolized the retail market for the sale of apps, and that it used its position to charge higher-than-competitive prices.

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US Supreme Courts allows app antitrust case to move forward against Apple

2019-05-14 09:24:00| Telecompaper Headlines

(Telecompaper) The US Supreme Court has ruled that people can sue Apple for forcing them to buy apps exclusively on its app store, the Wall Street Journal reported. The App Antitrust suit says apps could be cheaper if software developers could sell them directly and not have to use Apple's app store, where people pay inflated prices.

Tags: case forward move apple


Samsung TVs first with Apple TV app and AirPlay 2

2019-05-13 22:00:51| Digital TV News

Samsung has announced that all 2019 Samsung Smart TVs and select 2018 TV models with a firmware update will feature the all-new Apple TV app in more than 100 countries and offer AirPlay 2 support in 176 countries.

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Updated Apple TV app available in over 100 countries

2019-05-13 19:00:10| Digital TV News

Apple has released an updated Apple TV app. The app is available in over 100 countries across iPhone, iPad, Apple TV and select Samsung smart TVs. Customers can now subscribe to Apple TV channels and watch on demand directly within the app.

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