The Goldman Sachs technology M&A team, led by Sam Britton, has cashed in on its software focus and decades of experience to dominate 2019's biggest deals.Technologyread more
American small and medium-size companies that rely on China are scrambling to adjust their business plans in response to the escalating trade war.Traderead more
Here are the products that stand to be the most affected by China's new tariffs on $75 billion worth of U.S. goods.Marketsread more
The summit comes amid fears over a global economic slowdown, and U.S. tensions over trade allies, Iran and Russia.Politicsread more
The world's second biggest economy is past a point where it cannot ignore its enormous debt anymore, according to an analyst.China Economyread more
Carl Medlock used to work at Tesla. Now he's one of the few people in the U.S. that can fix the company's original Roadster electric vehicles.Technologyread more
Trump does have some powerful tools that would not require approval from U.S. Congress.Politicsread more
Stocks dropped after Donald Trump ordered that U.S. manufacturers find alternatives to their operations in China.US Marketsread more
As demand for lab monkeys continues to rise, U.S. scientists are reporting delays in research projects because they can't obtain enough animals, according to the National...Politicsread more
The European Union will respond in kind if the U.S. imposes tariffs on France over digital tax plan, EU chief Donald Tusk told G-7.Technologyread more
Trump said he will raise tariffs on $250 billion in Chinese goods to 30% and hike duties on another $300 billion in products to 15%.Politicsread more
Google quietly acquired a U.K.-based company which turns the surface of devices such as smartphones into speakers with its technology.
A U.K. regulatory filing from December 2017 showed that Google subsidiary Google Ireland Holdings Unlimited Company, bought all the shares of NVF Tech, the parent company of Redux Laboratories.
The filing did not list the price paid for the shares, but showed that all the stock held by investors and employees was transferred to Google in early September.
Redux's website is now dead. But a cached version of the site shows it was working on "panel audio" which removes the need for a speaker in a device. It also creates solutions to create so-called haptic feedback, which allows users to carry out different tasks on current smartphones by applying different pressure to the screen.
Crunchbase, a website which tracks acquisition and funding rounds, said that the acquisition happened in August. On Redux CEO Nedko Ivanov's LinkedIn page, it shows that he left the company in August 2017. It's unclear if he is now working for Google. On Ivanov's profile page, it says that Redux achieved a "successful exit" in August 2017, but it does not state the buyer.
Redux's main investor was Arie Capital, a U.K.-based venture and private equity company, which invested $5 million. Arie has yet to respond to a request for comment when contacted by CNBC. Google has also not responded.
CNBC could not get through to Prosper Capital, another former shareholder, via telephone.
It's unclear why Google may have acquired this company, but the company has been pushing its hardware, particularly its Pixel 2 smartphone. It suggests this technology could be used in future hardware devices from Google.
Redux has 178 granted patents with 50 pending, according to its LinkedIn page. It was founded in 2013.