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Tech News Headlines - Yahoo News
Get the latest Tech news headlines from Yahoo News. Find breaking Tech news, including analysis and opinion on top Tech stories.

Snap sets valuation at lower end of expectation: WSJ

(Reuters) - Snap Inc, the owner of the popular messaging app Snapchat, has set a valuation range for itself of $19.5 billion to $22.2 billion in its initial public offering, the Wall Street Journal reported, citing sources. The valuation range, which represents $14 to $16 per share, is close to the lower end of the expected range of $20 billion to $25 billion, the Journal reported. Snap Inc filed its IPO registration statement in early February and was expected to record the biggest valuation in a U.S. technology IPO since Facebook Inc. The company had confidentially registered with the U.S. Securities and Exchange Commission late last year for an IPO.




Atomico closes $765 million tech venture fund, Europe's biggest

By Eric Auchard FRANKFURT (Reuters) - Atomico, which has spent the past decade proving startups can prosper outside Silicon Valley, said on Thursday it had closed Europe's largest standalone tech venture fund, a $765 million war chest that reflects the region's growing financing firepower. The London-based venture firm started by Skype co-founder Niklas Zennstrom has invested in around 60 firms since it was established in 2006. It was an early backer of two of the world's hit mobile gaming companies - Supercell and Angry Birds maker Rovio Entertainment, both of Finland.




Verizon close to Yahoo deal, price cut of $250-350 million: sources

Since last year, Verizon had been trying to persuade Yahoo to amend the terms of the acquisition agreement to reflect the economic damage from two cyber attacks. A source told Reuters that the deal, which could come as soon as this week, will entail Verizon and Yahoo sharing the liability from potential lawsuits related to the data breaches. A representative from Verizon declined to comment.




Samsung chief questioned behind closed doors in arrest warrant hearing

By Joyce Lee and Hyunjoo Jin SEOUL (Reuters) - A South Korean judge questioned Samsung Group leader Jay Y. Lee and another executive behind closed doors on Thursday to decide whether they should be arrested over their roles in a corruption scandal that has engulfed President Park Geun-hye. Dozens of protesters surrounded by riot police met Lee, 48, who was wearing a dark coat and navy tie as he arrived at the Seoul Central District Court to attend the hearing. South Korea's special prosecutor's office has focused its investigations on Samsung Group's [SAGR.UL] relationship with Park, who was impeached by parliament in December and has been stripped of her powers while the Constitutional Court decides whether to uphold her impeachment.




Former U.S. Justice Department official warns Europe on election hacking

By Dustin Volz SAN FRANCISCO (Reuters) - A former Justice Department official who served in the Obama administration said European countries must be willing to respond forcefully to efforts by Russia or others to use cyber attacks to meddle in their elections, saying the U.S. response fell short. Former Assistant Attorney General John Carlin, who ran the national security division at the Justice Department and oversaw the pursuit of cyber criminals, said the United States did not do enough to deter the hacking and leaking of Democratic Party emails during the 2016 presidential campaign. ?We weren?t bringing deterrence at all to the table.? The U.S. intelligence community said hacks were carried out by Russia in order to disrupt the election and eventually help Republican Donald Trump win.




Lenovo third-quarter net profit falls 67 percent, blames weak macroeconomic e...

By Sijia Jiang HONG KONG (Reuters) - Lenovo Group Ltd , the world's largest personal computer (PC) maker, on Thursday posted a 67 percent slide in third-quarter net profit, lagging analyst estimates, as supply constraints and a weak macroeconomic environment weighed. Profit fell to $98 million over the three months through December, from $300 million in the same period a year earlier. That compared with the $159.53 million average of 14 analyst estimates in a Thomson Reuters poll. Revenue fell 6 percent to $12.2 billion. ...




ZTE is coming out with a gigabit phone at Mobile World Congress

It might not be time for proper 5G devices just yet, but ZTE is bringing us a step closer, announcing today that it will show off one of the first gigabit LTE smartphones at Mobile World Congress this month. Called ? fittingly ? the ZTE Gigabit Phone, the Chinese company says the device will make 360-degree VR, 4K video, and instant cloud storage possible on the move. The first devices to be capable of supporting gigabit LTE were announced last year, when Qualcomm joined with Netgear, Ericsson, and Telstra ? the largest Australian carrier ? to produce a mobile hotspot that technically allowed 1 Gbps downloads via Telstra?s existing networks.




ZTE is coming out with a gigabit phone at Mobile World Congress

It might not be time for proper 5G devices just yet, but ZTE is bringing us a step closer, announcing today that it will show off one of the first gigabit LTE smartphones at Mobile World Congress this month. Called ? fittingly ? the ZTE Gigabit Phone, the Chinese company says the device will make 360-degree VR, 4K video, and instant cloud storage possible on the move. The first devices to be capable of supporting gigabit LTE were announced last year, when Qualcomm joined with Netgear, Ericsson, and Telstra ? the largest Australian carrier ? to produce a mobile hotspot that technically allowed 1 Gbps downloads via Telstra?s existing networks.




Yahoo notifies users of sophisticated breach methods

Yahoo said Wednesday it was notifying some users that hackers may have been able to use a maneuver to break into their accounts without stealing passwords. The notification indicates the investigation into the attacks are in the final stage, according to a source familiar with the matter, noting that messages had been sent to "a reasonably final list" of Yahoo users. A Yahoo spokesman said the company was notifying all potentially affected users and that it had "invalidated" the forged cookies.




Spotify expands with World Trade Center move

Spotify on Wednesday announced an expansion amid the rapid growth of streaming, with the company moving its US headquarters to New York's rebuilt World Trade Center complex. The Swedish company, which is the world's largest streaming service, will create 1,000 jobs and retain 832 existing ones as it moves early next year, New York Governor Andrew Cuomo said. Spotify, whose US operation is already in Manhattan, will shift to the Fumihiko Maki-designed 4 World Trade Center which will become the first fully leased tower at the site rebuilt after the September 11, 2001 terror attacks.




South Korean prosecutor seeks extension for corruption investigation
SEOUL (Reuters) - South Korea's special prosecution office said on Thursday it has asked for an extension for its investigation into a graft scandal that has engulfed President Park Geun-hye, saying it will not be able to finish by the current Feb. 28 deadline. The probe can be prolonged for 30 days upon consent from Acting President and Prime Minister Hwang Kyo-ahn. (Reporting by Hyunjoo Jin and Cynthia Kim; Editing by Paul Tait)

Rocket Lab?s experimental rocket arrives at New Zealand launch pad for debut ...

After three years of developing a brand new rocket, aerospace startup Rocket Lab has finally transported a finished vehicle to the New Zealand launch pad where it will take its first flight. The rocket, called the Electron, has been tested on the ground over the last year but has never been flown to space before.




Rocket Lab?s experimental rocket arrives at New Zealand launch pad for debut ...

After three years of developing a brand new rocket, aerospace startup Rocket Lab has finally transported a finished vehicle to the New Zealand launch pad where it will take its first flight. The rocket, called the Electron, has been tested on the ground over the last year but has never been flown to space before.




Reddit overhauls its front page for new users and lurkers

Reddit ? the self-described ?front page of the internet? ? has changed its front page. Unlike before, these highlighted stories can come from almost any subreddit, with a few restrictions. There?s no content from 18-rated or NSFW communities, for one, and subreddits that have actively opted out of appearing on the r/all page won?t have their stories popping up.




Reddit overhauls its front page for new users and lurkers

Reddit ? the self-described ?front page of the internet? ? has changed its front page. Unlike before, these highlighted stories can come from almost any subreddit, with a few restrictions. There?s no content from 18-rated or NSFW communities, for one, and subreddits that have actively opted out of appearing on the r/all page won?t have their stories popping up.





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