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Google buys stake in Jio for USD 4.5 bln, to partner on affordable smartphone

2020-07-15 13:17:00| Telecompaper Headlines

(Telecompaper) Google is the latest company to invest in Jio Platforms, the Indian company owned by Reliance Industries which owns the mobile and fibre operator Jio. Google will pay USD 4.5 billion (INR 337.37 billion) for a 7.73 percent stake in Jio Platforms. As part of the deal, the companies will work together on an entry-level smartphone based on Google's Android system to help more Indians get online.

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Analog Devices buys Maxim Integrated, creating company worth USD 68 bln

2020-07-13 17:09:00| Telecompaper Headlines

(Telecompaper) Chipmaker Analog Devices, based in Norwood, Massachusetts, has announced the acquisition of Maxim Integrated Products of California, in an all-stock transaction that values the combined company at over USD 68 billion. Both boards have approved the deal, which is expected to increase the breadth and scale of Analog across different and "attractive" end markets, the company said. Specifically, Analog said Maxim's applications-focused product offerings will complement its own catalogue of broad market products.

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