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Tata Sons shareholders vote to convert it to a private entity

Bloomberg Shareholders of Tata Sons Ltd. voted to convert the holding company to a private entity, a move that was opposed by ousted Chairman Cyrus Mistry, according to a person familiar with the matter. The motion introduced by the board led by Tata Trusts, which controls 66 percent of the company, dealt a blow to Mistry’s efforts to preserve the ...

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Google buys HTC talent for $1.1bn to spur devices push

Bloomberg Google agreed to buy part of HTC Corp.’s engineering and design teams for $1.1 billion, taking on a cadre of veterans that worked on the Pixel phone and could bolster its nascent hardware business. Alphabet Inc.’s Google is taking on some 2,000 employees with experience working on its signature Pixel devices, intended to showcase the best features of the ...

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Facebook scraps new ‘share class’

Bloomberg Facebook Inc. scrapped plans to create a new class of shares, a rare victory for outside investors in a battle for control of the world’s largest social media company. The move would have let Chief Executive Officer Mark Zuckerberg keep voting control even while selling almost all his shares to fund philanthropic endeavours. Only days before he was scheduled ...

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