Cisco has agreed to buy BroadSoft for about US$1.9bn to expand further into software and cloud services. The $55/share cash offer announced Monday is a 28% premium over BroadSoft’s closing price on 29 August, a day before
Author: Agency Staff
Finance minister Malusi Gigaba faces a gaping budget hole — and will have to consider cutting spending, raising taxes and selling state assets if he wants to avoid further ratings downgrades. The economy he oversees is hampered by
Bitcoin soared to another milestone on Friday, as the digital currency breached US$6 000 for the first time to put its gain in 2017 to more than 500%. As bitcoin continues climbing, Twitter users are speculating that the rise could be driven
Deputy President Cyril Ramaphosa said mounting allegations that the state has been “captured” by private business interests is damaging the nation’s international reputation, as rumours swirled that he’s
China’s Meituan Dianping just became the world’s fourth most valuable start-up, reaching a US$30bn valuation that puts it ahead of high-fliers like Airbnb and Space X. Never heard of Meituan? You’re not alone. The Beijing-based
After more than five years of declining sales, IBM says it will finally show investors it can grow again. Wall Street cheered, sending the shares up the most in more than eight years. Some of that sales boost will come from one of
Software is so disappointing. It was supposed to – in the words of one sage – eat the world, the implication being that it would be modern, brilliant, liberating, hip and fun (assuming it didn’t make you and your job obsolete
Toyota is set to unveil a fuel-cell concept car that aims to offer 50% more driving range than its current hydrogen-powered sedan in a technology push that defies a rising wave of battery-driven
Dropbox has introduced a new cloud-based file-sharing option for individual business users and a new feature for marketing and creative workers to share projects, seeking to lure more paying customers ahead of an expected public share
Twitter is introducing new policies to combat harassment and unwanted sexual advances on the social media site after a recent decision to disable the account of a famous actress sparked an uproar. The company said it will immediately