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Tech`s news

Microsoft Corp and Salesforce.com Inc held "significant talks" this spring but failed to agree on a price, CNBC reported, citing people familiar with the matter. Microsoft was willing to offer about $55 billion for the world's biggest maker of online sales software. Salesforce founder and Chief Executive Marc Benioff had expected as much as $70 billion, CNBC reported on Friday. more...


By Dan Levine SAN FRANCISCO (Reuters) - The founder of virtual reality glasses maker Oculus VR Inc, acquired by Facebook Inc for $2 billion, has been accused of taking confidential information he learned while working with another company and passing it off as his own, according to a lawsuit filed this week. The plaintiff, Hawaii-based company Total Recall Technologies, said it hired Oculus founder Palmer Luckey in 2011 to build a prototype head mounted display. Facebook's $2 billion acquisition of Oculus last year was its first-ever hardware deal, as the company sought a way into the fast-growing wearable devices arena. more...


By Andreas Cremer and Arno Schuetze NECKARSULM, Germany (Reuters) - The contest for Nokia's maps business has become a three-way race between German carmakers, a consortium including Uber and Baidu, and a third group including China's Tencent and Navinfo, people familiar with the process said. Finland's Nokia has started an auction of its maps business HERE while it completes its 15.6 billion euros ($17.2 billion) takeover of network equipment maker Alcatel Lucent . German automakers Daimler , BMW and Volkswagen's premium brand Audi have teamed up with private equity firm General Atlantic to form what is being described as the "Industry consortium", two sources familiar with the matter told Reuters on Thursday. more...


Germany's Audi will enhance connected-car services in China to meet growing demand for driver-assistance systems and driverless technology in the world's largest auto market. Volkswagen's flagship luxury brand said on Friday it will jointly develop navigation map data, positioning algorithms and point-of-interest functions with China's web services provider Baidu. Chinese Internet companies and auto makers have been quick to team up to start developing partly self-driving and Internet-connected cars, following a path already trodden by U.S. tech giants Google Inc and Apple Inc. "We are now taking our next big step in China," Chief Executive Rupert Stadler said at the carmaker's annual shareholder meeting in Neckarsulm, Germany. more...


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