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Google announces strategic partnership with Chinese online retailer JD.com

“Google is clearly keen to increase its standing there, however, and has just announced a new partnership with one of the country’s largest online retailers” writes Scott Scrivens for androidpolice.com. The Chinese market is notoriously difficult for American businesses to thrive in, and that’s as true in technology as in any other industry. Residents of Southeast Asia are expected to spend $88.1 billion online by 2025 and this is Google’s play at grabbing a slice of the lucrative pie.The deal could mean exciting new ways to shop for consumers in China, and…

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Farewell package for WPP’s Sorrell opposed by investor adviser

“Hermes said given the structural challenges facing the industry, the board needed to make the right CEO appointment and ensure all strategic options for the company were considered” reports businessinsider.com. Hermes, which advises pension schemes and other institutional investors on how to vote at corporate meetings, said it backed all other agenda items at WPP’s annual general meeting on Wednesday. Source: businessinsider.com Share This:

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Envision Healthare’s stock surges after KKR buyout deal that values company at $5.6 billion

“Under terms of the deal, KKR will pay $46 in cash for each Envision share outstanding, a 5.4% premium to Friday’s closing price of $43.64” writes Reporter Editor for marketwatch.com. Envision said the deal follows a review of strategic alternatives to enhance shareholder value.LP KKR, +0.09% in a deal valued at $9.9 billion, including debt. Source: marketwatch.com Share This:

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Russia, China pledge deeper cooperation in ‘all areas’

“Russia and China have agreed to deepen their cooperation on security and instability in the region, at a summit between Russian President Vladimir Putin and Chinese President Xi Jinping” writes Ap Photo Carlos for washingtonexaminer.com. The statement comes as the U.S. continues to wrestle with Russia and China’s influence around the world. Source: washingtonexaminer.com Share This:

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Athenahealth CEO steps down; company considers sale

“Bush, a nephew of former U.S. President George H.W. Bush, founded Athenahealth in 1997 and has been in the spotlight following media reports https://www.bloomberg.com/news/articles/2018-06-04/athenahealth-ceo-bush-faces-new-allegations-as-video-emerges of inappropriate comments” writes Manas Mishra for aol.com. Cantor Fitzgerald analyst Steven Halper said a sale could fetch a higher valuation following the company’s announcement.Elliott in May proposed an offer of $160 per share in cash for the company, valuing it at about $6.9 billion. Source: aol.com Share This:

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Jonathan Bush is out as CEO, Athenahealth considers sale of the company

“As part of its strategic review, Athenahealth said it would consider a sale, merger or remaining an independent company” writes Kate Rooney for cnbc.com. Athenahealth said Wednesday it is considering strategic alternatives as its CEO Jonathan Bush steps down, effective immediately, as he faces allegations including that he attacked his then wife 13 years ago.Bush, nephew of former president George H.W. Bush, founded the health-care technology company in 1997.”We have long believed that athenahealth is a great company, and we look forward to participating as a bidder in the company’s…

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Marqeta Pulls In $45M; Eyes Domestic, Global Growth

“Marqeta, the open API platform for card issuing and solutions, announced it has raised $45 million in a new round of funding” reports pymnts.com. The firm also introduced new products, including the Marqeta digital wallet SDK for Apple Pay and Google Pay, Marqeta.js and Marqeta’s Virtual Card Wizard. “We’re consistently delivering new products to market and powering today’s most innovative companies, driving significant growth in payment volume and greater operational efficiency with each passing month,” added Gardner. “We’re just getting started.” Financial Technology Partners (FT Partners) served as Marqeta’s strategic and…

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COURT: German spy agency can keep tabs on internet hubs…

“The operator had argued the agency was breaking the law by capturing German domestic communications along with international data” reports yahoo.com. However, the court in the eastern city of Leipzig ruled that internet hubs “can be required by the federal interior ministry to assist with strategic communications surveillance by the BND”.But to the great embarrassment of Germany, it later emerged that the BND helped the NSA spy on European allies.The surveillance sifts through digital communications such as emails using certain search terms, which are then reviewed based on relevance (AFP…

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German spies can keep monitoring internet hubs, court rules

“The operator had argued the agency was breaking the law by capturing German domestic communications along with international data” reports thelocal.de. However, the court in the eastern city of Leipzig ruled that internet hubs “can be required by the federal interior ministry to assist with strategic communications surveillance by the BND”. Source: thelocal.de Share This:

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