Technology Roundup – Baidu inks agreements to raise financing for smart living business, Nokia signs 5G deal with Britain’s BT

Published on: September 30, 2020
Author: Amy Liu

Baidu inks agreements to raise financing for smart living business

Baidu’s Smart Living Group (SLG) has entered into agreements with CPE, Baidu Capital and IDG Capital for Series A financing at a post-money valuation of ~RMB 20B, or $2.9B. SLG operates DuerOS voice assistant and DuerOS-powered smart devices.

The Transaction is expected to be completed in Q4. Upon completion, Baidu will hold super voting rights in SLG and is expected to continue to consolidate the financial results of SLG, as a majority shareholder.

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Wall Street Analysts are Bullish with price target of $151.21.

Nokia signs 5G deal with Britain’s BT

Nokia (NYSE:NOK) has extended its long-term strategic relationship with BT into the 5G arena, making it BT’s largest equipment provider, following its selection as a 5G RAN vendor for the UK operator.

Nokia will provide equipment and services at BT radio sites across the UK, helping to evolve BT’s radio access network to 5G and supporting its goal of maintaining the UK’s best network.

The deal will also see Nokia optimize BT’s 2G and 4G networks and work alongside BT on the development of the OpenRAN ecosystem.

Philip Jansen, CEO, BT Group, said: “Digital connectivity is critical to the UK’s economic future, creating jobs and underpinning sustainable growth. That’s why BT is making game-changing investments in full fibre and 5G. In a fast-moving and competitive market, it’s critical we make the right technology choices. With this next stage of our successful relationship with Nokia we will continue to lead the rollout of fixed and mobile networks to deliver stand-out experiences for customers.”

NOK -1.28% premarket.

Oracle, Zoom help organizations infuse video into customer engagements

To support the rapid growth in digital selling, marketing, and customer service, Oracle  (NYSE:ORCL) and Zoom (NASDAQ:ZM) are introducing a series of integrations between Zoom’s communications platform and Oracle Cloud CX applications.

“Zoom is increasingly a part of our everyday professional and personal lives and we are proud to work with the Zoom team to help our customers innovate with video and seamlessly incorporate it with their existing sales, marketing, and customer service applications,” said Rob Tarkoff, executive vice president and general manager, Oracle Cloud CX and Data Cloud.

Tencent to take Sogou private

Sohu.com (NASDAQ:SOHU) subsidiary Sogou (NYSE:SOGO) to be merged with direct or indirect wholly-owned subsidiary of Tencent Holdings in an all-cash transaction, and Sogou will become an indirect wholly owned subsidiary of Tencent (OTCPK:TCEHY).

Upon the effectiveness of the merger, outstanding Sogou shares or ADS other than excluded shares will be cancelled in exchange for the right of the holders thereof to receive $9.00 in cash per Sogou shares or ADS.

The merger is currently expected to close in Q4. The closing of the share purchase is expected to take place shortly prior to the completion of the merger.

Sohu Search to receive aggregate consideration of ~$1.18B in cash on share purchase completion.

Microsoft blocked 13B malicious emails in 2019; blames update for 365 outage

Microsoft (MSFT -1.0%) blocked over 13B malicious and suspicious emails in 2019 and 1M of those contained links that would launch a phishing attack, according to the company’s new Digital Defense Report.

Nation-state hacking groups prompted Microsoft to send out more than 13,000 notification emails to customers between July 2019 and June 2020.

Most of the attacks were traced back to Russia and most of the targets were in the United States, primarily non-governmental organizations and members of the services industry.

The report dropped as Microsoft resolved a major outage for its Microsoft 365 services, including Outlook and Teams. The company said it rolled back an update that likely caused the problems.

Technology