Huge Group’s effort to acquire Adapt IT appears to be dead in the water. This is after Canada’s Volaris Group offered shareholders R6.50/share in cash on Wednesday for the JSE-listed software services group.

Naspers spin-off, technology investment company Prosus, plans to sell a 2% stake in China’s Tencent, worth about R218-billion at current prices, in an accelerated offering to institutional investors.

On the surface, Intel’s strategic pivot comes at an ideal moment. But despite its bold vision, the company is set to face challenges to its grand turnaround plan that will prove extremely difficult to overcome.

More than 40% of victims of ransomware attacks in South Africa pay the cybercriminals responsible to try to secure or recover their data. But in many cases, the crooks simply disappear with the money.

Samsung Electronics on Wednesday said first quarter profit likely rose 44%, with analysts attributing the surge to brisk sales of smartphones and TVs.

Intel, the world’s largest chip maker, said it’s offering a revamped version of its Xeon range in time for what it sees as the “biggest build-out of technology infrastructure in human history”.

Clubhouse, the buzzy, audio-based social network, is in talks to raise funding from investors in a round valuing the business at about US$4-billion, according to people familiar with the matter.

Podcast | SUSE chief technology officer for enterprise cloud products Rob Knight believes Kubernetes technology is such a big deal that it could be considered “the next Linux”.

Promoted | With More than 400 technology integrations, Fortinet’s Open Fabric ecosystem provides end-to-end visibility and protection across entire digital infrastructures.

Africa Data Centres, the carrier-neutral data centre company in the Liquid Intelligent Technologies stable, has announced plans to build a 10MW facility in Nigeria’s largest city, Lagos.