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Fly News Breaks for March 3, 2020
Mar 3, 2020 | 09:03 EDT
Craig-Hallum analyst Anthony Stoss raised the firm's price target on Boingo Wireless (WIFI) to $22 from $18 and keeps a Buy rating on the shares. Stoss tells investors that he would be an aggressive buyer of shares this morning as the company confirmed there are multiple companies interested in M&A. The analyst thinks a deal will likely get done and notes Boingo would make an attractive takeout candidate to a variety of companies including tower companies, wireless carriers, PE firms, fiber companies or even Google (GOOGL).
News For WIFI;GOOGL From the Last 2 Days
Jun 5, 2020 | 13:33 EDT
CTFN's Sarah Cohen issued a report to subscribers regarding Google's (GOOGL) desire to add to its security offerings to better compete against Microsoft (MSFT) and Amazon (AMZN). For more on the story, which is available exclusively to CTFN subscribers, request a trial here.
Jun 5, 2020 | 13:27 EDT
State attorneys general investigating Google are leaning towards arguing for a breakup of its advertising technology business as part of an expected antitrust lawsuit, reported CNBC's Lauren Hirsch and Megan Graham, citing people familiar with the matter. The U.S. Department of Justice and the states are looking to file a suit against Alphabet's company as soon as in the next few months, though the AGs and DOJ have not yet officially decided on whether to combine their expected suits, the report added. Reference Link
Jun 4, 2020 | 13:06 EDT
Zoom Video (ZM) is in advanced talks with Google Cloud (GOOGL) about using a security service offered by the company that alerts users to the dangers of clicking on links associated with malicious websites, according to The Information's Kevin McLaughlin, citing two people with knowledge of the matter. Reference Link