• Microsoft offers way out of TikTok impasse

    Microsoft has confirmed it has offered to step in to buy the US operations of the controversial yet beloved video-sharing app TikTok from its Chinese parent, ByteDance, in an attempt to stave off a potential ban of the service in the US.

    Due to its Chinese origins and a perceived threat to the national security of the US, ByteDance has become the latest target of president Donald Trump’s obsessive campaign against Chinese business interests. Speaking on Friday, Trump said he would move to ban TikTok in the US.

    Over the weekend, Microsoft revealed its CEO, Satya Nadella, had spoken with

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  • Covid-19 forces TechHub into administration

    TechHub, the self-styled global community for tech entrepreneurs and startups, has gone into administration due to significant reductions in revenue caused by the Covid-19 coronavirus pandemic.

    The organisation, which provided workspace near London’s Silicon Roundabout and offered tailored support to help developing startups and entrepreneurs, announced in a blogpost by founder and CEO Elizabeth Varley that it had been forced into administration on 1 August.

    “It is with huge hurt and sadness that I am announcing today that TechHub has been forced to go into administration,” she wrote.

    “Unfortunately, with a significant reduction in revenue due to the impact of

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  • Private equity leads Nordic IT sector consolidation

    Nordic private equity and industrial technology groups have sparked a surge in merger and acquisition activity targeting firms operating in the digital, cloud, internet of things (IoT) and artificial intelligence (AI) domains.

    The sharp rise in activity comes at a time of reduced capital-led investments, particularly in the tech startup sector, because of the Covid-19 pandemic. This is accelerating consolidation in the IT, digital, IoT and AI sectors across the region.

    The emergence of private equity groups and industrial heavy-hitters has come as welcome relief to startup tech companies in particular, as more of them encounter difficulties in raising

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