Microsoft today confirmed that it acquired Git-Hub, a popular Git-based code sharing and collaboration service for $7.5billion in Microsoft stock. GitHub raised $350m and the company was valued at £2bn in 2015. Former Xamarin CEO Nat Friedman ( now Microsoft corporate vice president) will become the GitHub’s CEO. Former GitHub CEO Chris Wanstrath will become…
The death and loss of a child is the ultimate devastating tragedy and make parental bereavement difficult to resolve. A lady in a faded gingham dress and her husband, dressed in homespun threadbare suit, disembarked a train in Boston, and walked without an appointment into the President’s office of Harvard University, a private Ivy league…
The UK government has announced new rules to ban drones from flying within 1 km of airports, so that collisions with planes can be prevented. The Department for Transport said that the number of ‘Drone incidents with aircraft” had risen from six in 2014 to 93 last year. The new rules, which will come…
The UK Private Equity Group Bridgepoint, owner of Pret a Manger, has agreed to sell their sandwich shop chain for £1.5bn inclusive of debt to JAB Holdings, the German family-owned investment group challenging Nestle with its rapid acquisition of companies linked to the coffee market. Bridgepoint initially paid only £ 364m including debt to buy…
Playing cards Playing cards goes all the way back to Imperial China as early as the 9th century. The playing cards entered the southern Europe. In the 14th century. The four suits in a standard deck of playing cards is thought to have originated in the Middle East. These suits evolved into today’s playing card…
The World’s first rotating 420 meters high tower, with an environmentally friendly dynamic architecture by David Fisher will be in motion changing its shape every second and will generate electric energy for itself. The kinetic architecture design concept though which buildings are designed to allow parts of the structure to move, without reducing overall structural…
Wesfarmers, the Australian owners of Homebase who paid £340m for the retailer two years ago has sold the DIY chain for £1 to restructuring specialist Hilco, ending its £1bn loss-making foray into the UK. Hilco which rescued music chain HMV in 2013. The 24 stores which were converted to the Bunnings brand will revert to…
The GDPR requires that companies gain explicit consent for how they use personal data and give customers more rights on accessing, correcting and removing their information. Several large US firms have earmarked huge resources to complying with the rules, under threat of fines of up to €20m or 4 per cent of global revenue, Payver,…