Reuters Technology Report: February 16, 2017

Click to View in Browser Thursday, February 16, 2017 Snap sets valuation at lower end of expectation: WSJ (Reuters) - Snap Inc, the owner of the popular messaging app Snapchat, has set a valuation range for itself of $19.5 billion to $22.2 billion in its initial public offering, the Wall Street Journal reported, citing sources. India's Tata Motors, Microsoft ink technology collaboration deal MUMBAI (Reuters) - Tata Motors Ltd and Microsoft India on Thursday announced a strategic collaboration on the technology front to make driving a more personalized experiences for the customers, the companies said in a joint statement. SMBC head says will give Toshiba as much support as possible TOKYO (Reuters) - Sumitomo Mitsui Banking Corp (SMBC), one of the main lenders to Toshiba Corp , will provide as much support as possible to the troubled Japanese firm, the bank's chief executive said. Infineon warns of Wolfspeed deal collapse over U.S. security fears MUNICH (Reuters) - Infineon signalled on Thursday that its $850 million purchase of Cree's Wolfspeed Power may collapse because of unspecified U.S. government security concerns. Telenor to roll out Google's new messaging service in Asia, Europe (Reuters) - Alphabet Inc's Google said on Thursday it partnered with Telenor ASA to roll out Rich Communications Services (RCS), an upgraded messaging service, to the Norwegian telecommunications company's subscribers in Asia and Europe. Blackstone acquires London-based cloud computing firm Cloudreach LONDON (Reuters) - Blackstone, which has $100 billion in private equity assets under management, has acquired a majority stake in cloud computing business Cloudreach for an undisclosed sum, the investment firm said on Thursday. Container shipping lines sign up with Alibaba to offer online booking SHANGHAI (Reuters) - Two container shipping lines, France's CMA CGM and Israel's Zim, have signed up with Alibaba to allow customers to book space on their vessels through the Chinese e-commerce giant, in a bid to boost sales as the sector battles a severe downturn. Atomico closes $765 million tech venture fund, Europe's biggest FRANKFURT (Reuters) - Atomico, which has spent the past decade proving startups can prosper outside Silicon Valley, said on Thursday it had closed Europe's largest standalone tech venture fund, a $765 million war chest that reflects the region's growing financing firepower. Verizon close to Yahoo deal, price cut of $250-350 million: sources (Reuters) - Verizon Communications Inc is close to a revised deal to buy Yahoo Inc's core internet business for $250 million to $350 million less than the original agreed price of $4.83 billion, according to a source briefed on the matter. Olympics - Tokyo launches mobiles-to-medals recycling campaign TOKYO (Reuters) - Members of the Japanese public lined up to donate unwanted mobile phones that will be recycled into medals for the 2020 Olympic Games, as a project aimed at promoting sustainability was launched on Thursday. Related Video Verizon looking to cut Yahoo deal price - Sources Brain damage in former players fuels soccer 'heading' fears Mediafile How about Hightail-ing it? On Twitter, dubious health claims from e-cigarette bots A daily digest of breaking business news, coverage of the US economy, major corporate news and the financial markets. Register Today A quick-fix on the day's news delivered when you want it. Register Today » » MORE NEWSLETTERS - 3 Times Square New York, NY 10036 USA © Copyright 2017 Thomson Reuters Ensure delivery of Reuters Newsmails, add newsletters@email.reuters.com to your address book. Subscribe to other Reuters newsletters. Unsubscribe from this newsletter. Follow us on Twitter Friend us on Facebook