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Tech`s news

By Julia Fioretti and Alastair Macdonald BRUSSELS (Reuters) - The European Union accused Google Inc on Wednesday of cheating competitors by distorting Internet search results in favor of its Google Shopping service and also launched an antitrust probe into its Android mobile operating system. In a statement, Competition Commissioner Margrethe Vestager said the U.S. tech giant, which dominates Internet search engines globally, had been sent a Statement of Objections -- effectively a charge sheet -- to which it can respond. "If the investigation confirmed our concerns, Google would have to face the legal consequences and change the way it does business in Europe." The Commission, whose control of antitrust matters across the wealthy 28-nation bloc gives it a major say in the fate of global corporations, can fine firms up to 10 percent of their annual sales -- or a penalty of over $6 billion for Google. If it finds that companies are abusing a dominant market position, the EU regulator can also demand sweeping changes to their business practices, as it did with U.S. software giant Microsoft in 2004 and chip-maker Intel in 2009. more...


By Jussi Rosendahl and Leila Abboud HELSINKI/PARIS (Reuters) - Nokia is to buy Alcatel-Lucent in an all-share deal that values its smaller French rival at 15.6 billion euros ($16.6 billion), building up its telecom equipment business to compete with market leader Ericsson. Nokia's takeover of Alcatel-Lucent will redefine a telecom equipment sector suffering weak growth prospects and pressure from low-cost Chinese players Huawei [HWT.UL] and ZTE. The combined company will have about 114,000 employees and combined sales of around 26 billion euros. ... more...


Chinese transportation robotics firm Ninebot said on Wednesday it has acquired U.S. rival Segway Inc, the company behind the self-balancing scooter that became a technological marvel when it was launched in the early 2000s but whose hype then faded. Financial details of the deal were not disclosed, but Ninebot Chief Executive Gao Lufeng said at a press briefing in Beijing that Chinese smartphone maker Xiaomi Inc and venture capital firm Sequoia Capital China, among others, had invested $80 million into Ninebot to help finance the acquisition. New backers of Ninebot, which began producing scooters two years ago as a crowdfunded project, also include Xiaomi Chief Executive Lei Jun's personal private equity fund Shunwei, Gao said. The acquisition comes about half a year after Segway named Ninebot in a patent infringement complaint in September 2014. more...


South Korean tech giant Samsung Electronics Co Ltd on Wednesday said demand for both the flat-screen and curved-screen models of its new flagship Galaxy S6 smartphones is "much higher" than initially planned for. The comment expands on guidance for a near-term supply shortage for the curved-screen Galaxy S6 edge model by Samsung's mobile chief J.K. Shin last week. "Although there may be some difficulties for the short term, we will do our utmost to secure enough supply for our global consumers," Samsung said in a statement to Reuters without commenting on global shipment figures or pre-order levels. more...


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