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Didi weighs $6 billion SoftBank-backed funding

  Bloomberg Chinese ride-sharing giant Didi Chuxing is weighing whether to take a $6 billion investment backed by SoftBank Group Corp. that could dilute existing backers such as Apple Inc., people familiar with the matter say. If the deal goes through, the funding would be the single largest for a Chinese technology startup on record. But the Beijing-based company that ...

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Ericsson sees up to $1.7bn in costs as revamp begins

  Bloomberg Ericsson AB will book as much as 15 billion kronor ($1.7 billion) in extra costs in the first quarter as new Chief Executive Officer Borje Ekholm cuts back the wireless network maker after four straight quarters of declining revenue. Ekholm, who took over in January, is cutting costs and narrowing the company’s focus as he contends with contract ...

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Uber wants ‘Waymo robocar fight’ out of public view

  Bloomberg Uber Technologies Inc. says Alphabet Inc.’s own ground rules require accusations that the ride-hailing giant stole trade secrets for driverless cars be resolved in private arbitration and not a public court. It’s a bold gambit by the world’s most valuable startup to shift the lines of battle for a showdown that may decide who controls key technology in ...

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