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Snapchat Declines $3B Facebook Deal

Facebook offered to buy Snapchat for $3 billion, but the messaging service declined the deal. According to a report in the Wall Street Journal by Evelyn M. Rusli and Douglas MacMillan, Snapchat, and the company’s 23-year old CEO Evan Spiegel will not likely consider an acquisition anytime soon.

[Image courtesy: Snapchat]

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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.

U.S. bans noncompete agreements for nearly all jobs — NPR

The Federal Trade Commission narrowly voted Tuesday to ban nearly all noncompetes, employment agreements that typically prevent workers from joining competing businesses or launching ones of their own, writes Andrea Hsu. 

The Coca-Cola Company commits $1.1B to Microsoft Cloud and AI partnership

The Coca-Cola Company and Microsoft announced a five-year partnership on Tuesday. As part of the collaboration, Coca-Cola has committed $1.1 billion to Microsoft Cloud and generative AI capabilities.