- Kevin Winter / Staff
Good morning! Here’s the tech news you need to know this Tuesday.
1. Apple found a new tax haven in the Channel Islands after a 2013 crackdown in Ireland. The revelation comes from the Paradise Papers, a huge leak of documents about offshore tax havens.
2. Quadcomm is reportedly planning to reject a buyout offer from Broadcom. The $103 billion (£78 billion) purchase would be the biggest tech deal ever.
3. 21st Century Fox has been holding talks about selling most of its business to Disney, CNBC reports. The deal would leave behind a smaller company focused on news and sports.
4. UK app-only bank startup Monzo has raised £71 million ($93 million) in a new funding round. Its valuation has doubled in just ten months.
5. Apple could be on the hook for €1 billion ($1.2 billion, £900 million) in interest on its Irish tax bill. The company is currently disputing a €13 billion ($15 billion, £11.5 billion) bill after its tax arrangements in the country were deemed to be “state aid.”
6. Ron Conway, the “godfather of Silicon Valley,” has been sued by his former business partner for millions of dollars. David Lee alleges he was not paid certain fees and dues he was owed.
7. Apple says suppliers leaking could hurt its bottom line. The Californian tech companies warned about the risk in a new filing.
8. Longtime rivals AMD and Intel are teaming up to make a new kind of computer chip. It will allow the power of powerful computers thinner than the MacBook Air.
9. Will.i.am got $117 million (£89 million) to make a big bet on business software. The musician’s company is developing a voice assistant for customer service.
10. Tesla’s director of battery engineering is leaving to start his own company. Jon Wagner is starting a battery and powertrain startup, and its not clear when he left Tesla.