Samsung Takes a Cue from Chief Rival Apple with Galaxy Fold Disaster

Following weeks of breathless anticipation, Samsung has pushed back the release of its much-awaited Galaxy Fold. The delay comes after a series of embarrassing reviews, which have made it clear that the phone is every bit as fundamentally flawed as it looks. According to a statement from Samsung quoted in the Wall Street Journal, the April 26 release date has now been shelved so that the smartphone maker can deal with issues surrounding the Fold’s display. Samsung had already started taking pre-orders for the $ 1,980 phone, billed as the next big innovation in the dynamic world of smartphones. Several reviewers,

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Uber Splashes $3.1 Billion in First-Ever Acquisition of Dubai Rival Careem

Ride-sharing business Uber Technologies Inc. is set to ink a $ 3.1 billion acquisition deal with Careem, a Dubai-based rival. According to the sources cited in a Bloomberg report, the US transport giant will pay $ 1.4 billion in cash and $ 1.7 billion in convertible bonds for Careem. The bonds will be exchangeable for Uber shares at a rate of $ 55 per unit, according to the deal. The acquisition would reach its conclusion following a nod from Japanese e-commerce company Rakuten Inc. and Saudi Prince Alwaleed bin Talal’s investment company – two of the most significant stakeholders in Careem – by Monday

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