BENGALURU: Singapore sovereign wealth fund GIC is the front runner to acquire Mapletree Investments’ Global Tech Park in Bengaluru for around Rs 2,500 crore in what would be the largest private equity (PE) exit to date in India’s commercial real estate space, two people familiar with the negotiations said. “GIC has been shortlisted and the deal is under documentation and has not been funded yet,” one of them said. Other global funds, including Blackstone, too had shown interest in the property, the person said. Global Tech Park is an integrated mixed-use project with developable area of 15 acres, or 2.5 million sq ft, at Marathahalli Outer Ring Road. Big corporates operating from the property include Vodafone and LinkedIn. Singapore-based Mapletree, a wholly owned subsidiary of Temasek Holdings, had acquired 100% in the property earlier known as Assetz Global Technology Park in 2011 for Rs 800 crore. Mapletree and GIC did not respond to queries from ET. GIC … [Read more...] about GIC frontrunner to buy tech park from Mapletree
Why big tech keeps trying its hand at hardware
“Keeping in light with the impact of the virus and the cancellation of MWC 2020, Realme has decided to cancel the participation at MWC Barcelona 2020, accordingly. Our first 5G flagship smartphone realme X50 Pro 5G, originally planned to debut at the MWC, is going to be launched online globally in Madrid on February 24th,” the company added. … [Read more...] about Tech firms make alternate plans for MWC announcements
Although, this is not a new trend as it was witnessed a few years ago. However, it seems to have re-emerged with people posting their pictures on Instagram with the hashtag #MoonSelfies. … [Read more...] about Moonselfie trend amuses people, it makes you look like the celestial body. Tried it yet?
However, Horn added that what Samsung did was nothing new or uncommon as some other brands do it as well and in the process, make their devices more prone to attacks. In this case, Samsung’s downstream drivers introduced a memory corruption bug that Google reported to the South Korean handset maker back in November last year. This is now being patched in Samsung’s February update for Galaxy phones. … [Read more...] about Samsung gets a ‘scolding’ from Google for tweaking Android codes and making Galaxy phones vulnerable
But it has come at a cost. Google is growing by giving app and website creators a bigger chunk of ad sales. In last year’s final quarter, Google’s portion fell by $33 million compared to the year-earlier period even though overall network revenue rose $559 million. … [Read more...] about Google’s ad network for apps nears $20 billion in annual revenue