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Hammerson seeks $785m from rights issue

Bloomberg Hammerson Plc, which owns about a dozen large UK malls, aims to raise $785 million from a rights issue, Sky News reported. The owner of the Bullring in Birmingham and the Brent Cross shopping center in north London is seeking extra cash as coronavirus crisis slashes revenues for landlords, Sky reported, without saying where it got the information. Lazard ...

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Microsoft in talks to buy TikTok in US

Bloomberg Microsoft Corp. is exploring an acquisition of TikTok’s operations in the US, according to a people familiar with the matter. A deal would give the software company a popular social-media service and relieve US government pressure on the Chinese owner of the video-sharing app. The Trump administration has been weighing whether to direct China-based ByteDance Ltd. to divest its ...

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Apple is buying startup to turn iPhones into payment terminals

Bloomberg Apple Inc. has acquired Mobeewave Inc., a startup with technology that could transform iPhones into mobile payment terminals. Mobeewave’s technology lets shoppers tap their credit card or smartphone on another phone to process a payment. The system works with an app and doesn’t require hardware beyond a Near Field Communications, or NFC, chip, which iPhones have included since 2014. ...

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