U.S. Charges 3 North Korean Hackers Over $1.3 Billion Cryptocurrency Heist – Tempemail

The U.S. Department of Justice (DoJ) on Wednesday indicted three suspected North Korean hackers for allegedly conspiring to steal and extort over $1.3 billion in cash and cryptocurrencies from financial institutions and businesses. The three defendants — Jon Chang Hyok, Kim Il, and Park Jin Hyok — are said to Continue Reading

MTN to Sell R1,8 Billion Stake in Belgian Telco, BICS – Tempemail

Sourced from Business Tech MTN Group has announced its plans to sell its 20% stake in Belgacom International Carrier Services SA (BICS) to Proximus NV/SA for approximately R1,8 billion. The telco is expected to use this to pay down US dollar debt. BICS was classified as a non-current asset held Continue Reading

Bitcoin Surges to Record Price Post $1.5 Billion Telsa Investment – Tempemail

Bitcoin reached a new high of $47,000 after Tesla invested $1.5 billion into the cryptocurrency. The electric car manufacturer says that it will “begin accepting bitcoin as a form of payment” for its products in the future. In a report, Telsa says “in January 2021, we updated our investment policy Continue Reading

Teraco Secures R2.5 Billion to Build Africa’s Largest Data Centre – Tempemail

Teraco has secured R2.5 billion towards the construction of Africa’s largest data centre – a 38-megawatt hyperscale platform in Ekurhuleni, South Africa. Teraco’s newly appointed CFO, Samuel Erwin, says that the shareholders and lenders have a long-term vision for Africa’s digital transformation and support its continued investment in data centre Continue Reading

Citrix to Acquire Wrike in $2.25 Billion Cash Deal – Tempemail

Citrix has entered into a definitive agreement to acquire Wrike for $2.25 billion in cash. This deal is expected to Citrix’s digital work platform and Wrike’s work management solution, which streamlines collaboration and work execution. The addition of Wrike’s cloud-delivered capabilities is also expected to accelerate Citrix’s business model transition Continue Reading

Salesforce to Acquire Slack for $27.7 Billion – Tempemail

Image sourced from Business Insider Salesforce has announced its plans to acquire workplace chat app, Slack, for an estimated $27.7 Billion. The cloud-based software company says that under the terms of the agreement, “Slack shareholders will receive $26.79 in cash and 0.0776 shares of Salesforce common stock for each Slack Continue Reading

Insurance Companies could’ve Avoided Loss of R7 billion during 2019, According to ICB – Tempemail

Nowadays, it is customary that people who own certain goods obtain insurance to protect their belongings. Car insurance companies are the most popular ones; the different car insurance alternatives in the market are there because we need to feel safe while we are on the streets – not only because Continue Reading

Facebook’s Investing $57 Billion in Africa’s Economy | Tempemail

Facebook released findings from The Impact of Facebook’s Connectivity Initiatives in Sub-Saharan Africa, a study conducted by Analysys Mason that highlights how Facebook investments in infrastructure and connectivity across the region will deliver over $57 Billion in Economic Benefits over the next five years (2020–2024). According to The Economist Intelligence Continue Reading

Adevinta wins auction to buy eBay’s classified ads unit for nearly $13 billion – Software- Tempemail

Norway’s Adevinta has won the auction to buy the bulk of eBay’s classified ads unit for nearly A$12.8 billion, with the US e-commerce firm planning to keep a minority stake. The acquisition comes as the coronavirus crisis boosts demand for online marketplaces, with consumers turning to online shopping due to Continue Reading