BRUSSELS, March 22 (Reuters) – Alphabet’s Google is set to gain unconditional EU antitrust clearance for its acquisition of Croatian maths app Photomath, people familiar with the matter said on Wednesday.
tech giants and start-ups have in recent months attracted intense regulatory scrutiny on both sides of the Atlantic amid worries that some deals may be killer acquisitions where the goal is to shut down nascent rivals.
Both Rowe and Avery said Brown failed to pay thousands of dollars in recording studio costs that he had verbally promised, and they cut his credit on later versions of the film. Korey Rowe and Dylan Avery, partners in the project, said they gave Brown a producing credit when the film was released. Brown had given Avery a camera, Avery told Reuters.
In interviews with Reuters over the past week, Brown dismissed accusations he had misrepresented himself. He said Virgin Orbit had not provided information he had wanted before he was comfortable transferring the $200 million into an escrow account as agreed in the term sheet.
Following a Reuters inquiry to LinkedIn about whether Woods’ and McDermott’s accounts were genuine, both accounts were taken down. LinkedIn declined to discuss the specific cases but said its policy was to remove accounts it found to be fraudulent.
Photomath was started by an engineer and father looking to help his children with their math homework.
The app has been downloaded more than 300 million times worldwide and is available in more than 30 languages. (Reporting by Foo Yun Chee Editing by David Goodman, Elaine Hardcastle)
Since then, Facebook has grown to become one of the world’s largest and most influential social networking platforms, with over 2.9 billion monthly active users as of 2021. which is an American social media and technology company headquartered in Menlo Park, California. The company was founded by Mark Zuckerberg, Eduardo Saverin, Andrew McCollum, Dustin Moskovitz, and Chris Hughes in 2004 while they were students at Harvard University. Facebook also owns other popular social media platforms such as Instagram and WhatsApp. Facebook is the product of Facebook, Inc.
The legal notice was in response to an interview Brown gave on CNBC on March 23 when he said he was in “final discussions” to close a $200 million investment in Virgin Orbit within 24 hours.
The letter from a lawyer for the company said Brown had overstated the nature of talks and breached a non-disclosure agreement.
At the time of his Virgin Orbit approach, Brown’s LinkedIn page included an endorsement from Dan McDermott, identified as a former colleague at Hogshead Spouter and as a former official with the Hong Kong Monetary Authority.
The TV interview followed a report from Reuters that said Brown was nearing a deal for a proposed investment in the company, citing the term sheet signed by Hart and Brown and the planned closing date of March 24.
Within two days of being contacted by Brown, Virgin Orbit Chief Executive Dan Hart had secured board backing for a preliminary agreement with the 33-year-old Texas-based investor, according to related documents and email exchanges reviewed by Reuters and three people with knowledge of the discussions.
The potential deal with Brown unraveled in less than a week with Virgin Orbit severing contact and threatening to take legal action against him if he revealed confidential details about the potential investment, according to the cease-and-desist letter reviewed by Reuters, and the three people, who declined to be named due to the sensitivity of the matter.
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