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Sprint Corp has dropped its bid to acquire No 4 US carrier T-Mobile US Inc after regulatory resistance showed no signs of softening despite months of lobbying, people familiar with the matter told Reuters.
Shares of Weibo Corp rose 19% in their US debut on Thursday, sweeping aside concerns that Chinese censorship will hurt the growth of the country's Internet sector and broader worries about lofty tech-stock valuations.
Turkey's abrupt ban on Twitter Inc stirred concerns on Friday that the country may pull the plug on other social media and Internet services as it grapples with internal turmoil.
Ford Motor Co's chief, Alan Mulally, said he would not be going to the software giant.
b>SAN FRANCISCO/b>: Yahoo! Inc chairman Roy Bostock and three other directors will step down as the struggling company ploughs ahead with an internal overhaul, including discussions on dealing with its stakes in China's Alibaba Group and Yahoo! Japan.
b>SAN FRANCISCO/b>: Facebook unveiled plans for the biggest ever Internet IPO that could raise as much as US$10bil (RM30bil), but made it clear CEO Mark Zuckerberg will exercise almost complete control over the company, leaving investors with little say.
b>BRUSSELS:/bThe European Commission has launched a bid to make companies including Internet giants such as Google or Facebook give people more control of their personal data or face big fines