Foxconn Says Pursuit of Toshiba Deal ‘Not Over’

The head of Taiwan’s tech giant Foxconn said Thursday its pursuit of Toshiba “is not yet over”, a day after the Japanese firm announced it preferred another group of bidders to acquire its prized chip business. Foxconn, also known as Hon Hai, is controlled by billionaire Terry Gou and reportedly had Apple as a financial backer in its multi-billion dollar bid for Toshiba’s memory chip unit, seen as crucial for the cash-strapped Japanese firm to turn itself around. Toshiba said Wednesday it would hold exclusive talks with a consortium of US, South Korean and state-backed Japanese investors, dashing…

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Facebook Reportedly in Talks to Produce Original TV-Quality Shows

Facebook Inc is in talks with Hollywood studios about producing scripted, TV-quality shows, with an aim of launching original programming by late summer, the Wall Street Journal reported on Sunday. The social networking giant has indicated that it was willing to commit to production budgets as high as $3 million per episode, in meetings with Hollywood talent agencies, the Journal reported, citing people familiar with the matter. Facebook is hoping to target audiences from ages 13 to 34, with a focus on the 17 to 30 range. The company has already lined…

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