Tag Archive: invests

Facebook invests $5.7 billion in Jio to bring e-commerce to WhatsApp

Facebook invests wants to bring small businesses to WhatsApp, and it’s looking to achieve that by investing in Jio.

What you need to know Facebook just became Jio’s largest minority shareholder by shelling out $ 5.7 billion to acquire a 9.99% stake in Jio Platforms. Jio has transformed India’s telecom market in the last four years, and now has 388 million subscribers. Facebook says the investment in Jio will allow the social network to ‘open up commerce  [Read More…]

BBC invests in open podcasting champion Pocket Casts

The company is counting on support from public media to help it compete with Spotify’s ‘walled garden.’

What you need to know The BBC has invested an undisclosed amount of capital into Pocket Casts. The public broadcaster is throwing its weight behind Pocket Casts’ vision of an open and free ecosystem for podcasts. This is in contrast to Spotify, which has recently been trying to grow its subscriber base by offering more exclusive content.

Unlike Spotify’s plans  [Read More…]

LG Display invests in new factory to mass-produce flexible OLED displays

LG Display has announced that it will invest $ 908 million over the course of two years in setting up a facility in South Korea tailored for the production of plastic OLED displays. Using plastic instead of glass allows the screen to bend, as seen in devices like the LG G Flex 2.

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Microsoft reportedly invests in Cyanogen Inc., world predictably freaks out

The Wall Street Journal today on its Digits blog dropped word that Microsoft is “putting money into Cyanogen.” No dollar amount figures were listed by the Journal’s anonymous sources, thought it is noted that Microsoft “would be a minority investor in a roughly $ 70 million round of equity financing.”

This, of course, means that Google is doomed and Android as we know it is over. The Internet said so shortly after the rumor broke.

Except  [Read More…]