Japans NTT Data agrees to buy Dells IT services unit for 3

first_imgJapan’s NTT Data Corp said on Monday it has agreed to buy Dell Inc’s information technology consulting division for over $3 billion to expand in North America and bolster its services business.The move will allow U.S. computer maker Dell to trim some of the $43 billion in debt it is taking on to fund its pending cash-and-stock acquisition of data storage provider EMC Corp, a deal worth close to $60 billion.The Japanese company said it would pay around $3.05 billion, an amount that excludes debt and unspecified advisory fees.The sale will also offer NTT Data, one of the world’s largest technology services companies, a bigger foothold in the United States, where it is looking to expand in healthcare IT, insurance and financial services consulting.Dell has also made progress in syndicating $10 billion of its financing package for the EMC acquisition dubbed ‘term loan A’, people familiar with the situation said earlier. This is expected to be increased in size by $500 million to $750 million due to strong demand, with the extra money to be used to downsize some of the more expensive tranches of the remaining $33 billion in financing, the people added.The group of banks participating in the term loan A has been expanded from the original eight underwriters to 25, with more expected to join before the syndication is completed in the next week, the people said.Formerly known as Perot Systems, Dell’s IT services division is a major provider of technology consulting to hospitals and government departments. Founded in 1988 by former U.S. presidential candidate Ross Perot, it was acquired by Dell in 2009 for $3.9 billion.However, Dell has since divested some of the unit’s operations and integrated some others, which it is not including in the sale. Some of the unit’s capabilities were seen by Dell as redundant in the wake of the acquisition of EMC.Dell has also been speaking to private equity firms about selling Quest Software, which helps with information technology management, as well as SonicWall, an e-mail encryption and data security provider, Reuters has previously reported. Together, Quest and SonicWall could be worth up to $4 billion.Dell’s acquisition of EMC, which is backed by founder and Chief Executive Michael Dell as well as private equity firm Silver Lake Partners, is subject to approval by EMC shareholders. EMC is expected to hold a shareholder vote on the Dell deal in May, allowing for the transaction to be completed sometime between July and October.Reuters had reported first on Feb. 12 that NTT Data was in exclusive talks to buy Dell’s IT services unit.last_img read more

YouTube accidentally links NotreDame fire to 911 attacks

first_imgThe steeple collapses as smoke and flames engulf the Notre-Dame Cathedral in Paris on 15 April 2019. Photo: AFPA YouTube fact-check feature which is meant to tackle misinformation accidentally tagged live broadcasts of a fire engulfing Notre-Dame Cathedral in Paris with details about the 9/11 terror attacks.The blaze erupted in the UNESCO world heritage landmark in the French capital Monday, sending its spire and roof crashing to the ground as flames and clouds of smoke billowed into the sky.The fire, which at one point threatened the entire edifice, was brought under control early Tuesday about nine hours after it broke out.News outlets began live-streaming broadcasts of the fire on YouTube, but below some of the clips an unusual text box popped up — an entry from the Encyclopedia Britannica about the September 11, 2001 attacks in the United States.In those attacks, Al-Qaeda militants hijacked two passenger planes and flew them into the towers of the World Trade Center in New York, causing them to collapse, while a third hijacked jet smashed into the Pentagon. Some 3,000 people were killed.A spokesman for YouTube, which is owned by Google, said the text box feature had been disabled for live streams related to the fire.”These panels are triggered algorithmically and our systems sometimes make the wrong call,” the spokesman told AFP. “We are deeply saddened by the ongoing fire at the Notre-Dame Cathedral.”The feature, which also links to other outside sources such as Wikipedia, was introduced last year after YouTube faced intense criticism over videos containing misleading and extreme content.The panels are supposed to combat misleading videos about well-known events — such as the first successful manned landing on the moon — by presenting the true facts, in a bid to stop the spread of conspiracy theories.YouTube, Facebook and Twitter came under fire last month after a horrific video of a gunman’s deadly rampage at two New Zealand mosques was circulated on the sites.The Christchurch massacre, in which 50 people were killed, was live-streamed on Facebook, which moved to block the footage. But it was then shared repeatedly on the other two sites.last_img read more

Run for peace

first_imgOver 1000 students took part, representing IMS group of Institutions and other institutions. The marathon started from Kavinagar Ram Leela Ground and ended at IMS – Lal Quan Campus. The marathon was flagged off by SVS Ranga Rao, district magistrate of Ghaziabad.The management and faculties of the institute also participated along with the students. The winners of the marathon are Prasant Dubey (BTech II Year), Dauji (MCA I Year), Chandransh Singh (PGDM II Year). The management appreciated all the students who participated in the marathon.Chief guest of the occasion Kiran Yadav, SP – Traffic of Ghaziabad congratulated the students and addressed them.  Trustee of IMS society Rakesh Chariaji also addressed the students during the event. He spoke about the need of peace and harmony in the society and students contribution towards it. He also asked the students to be messengers of peace and make the society a better place.last_img read more