tech:

taffy

Flextronics Acquires Motorola Mobility Manufacturing Operations In China, Brazil

[Techtaffy Newsdesk]

Flextronics and Motorola Mobility, owned by Google,  have signed a definitive agreement, under which Flextronics will acquire Motorola’s manufacturing operations in Tianjin, China, and will also assume the management and operation of its Jaguariuna, Brazil, facility. Employees and assets at both locations will transfer to Flextronics after the transaction closes. Financial terms of the agreement are not being disclosed.

The agreement also includes a manufacturing and services agreement for Android and other mobile devices.

The companies expect to complete closing activities by the first half of 2013, subject to customary closing conditions including regulatory approvals.

Just in

Biden signs TikTok ‘ban’ bill into law, starting the clock for ByteDance to divest it — The Verge

President Joe Biden signed a foreign aid package that includes a bill that would ban TikTok if China-based parent company ByteDance fails to divest the app within a year, writes Lauren Feiner.

IBM to acquire HashiCorp for $6.4B

IBM and HashiCorp have entered into an agreement for IBM to acquire HashiCorp, a provider of infrastructure and security management products, for $6.4 billion.

Oracle is moving its world headquarters to Nashville to be closer to health-care industry — CNBC

Oracle Chairman Larry Ellison said Tuesday that the company is moving its world headquarters to Nashville, Tennessee, to be closer to a major health-care epicenter, writes Ashley Capoot.