Industry

Industry

The business side of tech. The industry’s latest developments, legal face-offs, acquisitions, and technology trends.

Lyft rolls into 54 additional cities, brings the fight to Uber

Lyft has announced its largest expansion to date with service now extending into more than 50 new cities. The move is part of the transportation network company’s planned expansion for 2017 which saw service debut in 40 new markets just…

Verizon, Yahoo agree to lower acquisition price by $350 million

Verizon and Yahoo have reached to a new agreement on the planned acquisition of Yahoo’s operating business, knocking the price down by $350 million to $4.48 billion. The two companies will also share certain legal and regulatory liabilities arising from…

Samsung chief Lee Jae-yong arrested on bribery charges

Vice chairman of Samsung, Lee Jae-yong, was arrested in Seoul, South Korea on Friday morning local time on charges of bribery, perjury, and embezzlement. Lee was taken into custody at Seoul Detention Center, where he was already being held during…
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