US-based technology incubator Betaworks has acquired the social aggregator website Digg in a deal worth only $500,000 (£322,850). The $500,000 figure was reported by the Wall Street Journal as the financial...
The deal is expected to face regulatory challenges due to potential antitrust implications
The regulator is seeking comments on the impact of the deal on competition in the UK
The company is betting $28 billion on remote working
OneWeb's emergence from bankruptcy means buyout by the UK government and Bharti Global can go ahead.
Both firms expect the deal to close at the end of 2021