|FREE NEWSLETTERS||IT DIRECTORY||NEWS ALERTS||RSS||NEWS TIP-OFFS||ADD TO FAVOURITES|
|VIRTUAL PRESS OFFICESTM||(011) 807 firstname.lastname@example.org | Advertise on ITWeb||Sat, 28 Feb, 15:59:06 PM|
The company will spin-off its video and audio unit into a separate subsidiary later this year.
The company has agreed to pay a fine of $975 million, ending a government investigation into anti-competitive practices.
After 94 years in business, the tech company has filed for chapter 11 bankruptcy protection.
The company set a new world record for the most profitable quarter of any company in history.
The deal is worth $15.4 billion and is subject to regulatory approval in the UK.