Technology, Media & Telecommunications Headlines

Cisco buys BroadSoft for $1.71 bln in software push

Cisco Systems Inc will buy software company BroadSoft Inc for $1.71 billion, it said on Monday, in a deal that boosts Cisco's collaboration tools and helps the company diversify its offerings away from switching and routing.

Lam Research CFO says done with major M&A

Last year's failed $10 billion bid for KLA-Tencor Corp likely marks the end of efforts at any major acquisitions by Lam Research Corp and other booming producers of equipment for chipmakers, Lam's chief financial officer has told Reuters.

AT&T extends deadline to close Time Warner deal

AT&T Inc said on Monday it had extended by a "short period" the deadline to close its proposed deal to acquire Time Warner Inc , to buy time to get the required regulatory approvals for the deal.

Cloud services company Fusion courts banks for Birch merger financing

US cloud communications services company Fusion Telecommunications is in the process of selecting banks to arrange financing for its acquisition of Birch Communications’ cloud and business services unit, after inking a merger agreement with the US telecommunications company in August without committed financing in place, according to two sources familiar with the matter.

Alphabet's CapitalG leads Lyft's $1 billion funding round

Lyft Inc has raised $1 billion in fresh financing, the ride-services company said on Thursday, in a round led by one of Alphabet Inc's investment funds, further complicating the convoluted world of ride-hailing alliances and dealing a blow to rival Uber Technologies Inc.

SoftBank's big checks are stalling tech IPOs

Big cash infusions for startups from an ever-expanding group of financiers, led by SoftBank Group Corp and Middle East sovereign wealth funds, have extinguished hopes that the technology IPO market would bounce back this year.