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Technology, Media & Telecommunications Headlines

Fujitsu to sell mobile phone operations: Nikkei

Fujitsu Ltd is looking to offload its mobile operations as the Japanese information technology company faces stiff competition from bigger rivals in a highly lucrative mobile phone market, the Nikkei business daily reported.

Yahoo owes millions for busting NCAA tournament bracket deal: court

Yahoo Inc owes a prize promoter $5.5 million for backing out of a contract to pay $1 billion for predicting every winner in the 2014 NCAA men's basketball tournament, and entering a similar contract with Quicken Loans Inc and Warren Buffett's Berkshire Hathaway Inc , a court decided on Monday.

Suitors desert Australia's Vocus; shares plunge

Private equity suitors Kohlberg Kravis Roberts & Co and Affinity Equity Partners pulled bids for Australian telco Vocus Group Ltd on Monday, four days after the company's third profit warning in nine months.