Smart lighting company Nanoleaf has been acquired by OneRobotics, the parent company of SwitchBot. In an exclusive interview with The Verge, Nanoleaf CEO Gimmy Chu says the company will remain independent and that he and his cofounder and COO, Christian Yan, will continue to run it. "Nothing is changing operationally," says Chu, adding that there are plans for product integrations between the two smart home companies.
The sale, which Chu characterized as "more of a merger," will provide Nanoleaf with significant resources, including a cash infusion that will, among other things, help the company grow its team at its Toronto headquarters. I …
Over the past several years, Microsoft has largely managed to withstand populist calls to break up Big Tech while peers faced sweeping lawsuits. But a probe by the Federal Trade Commission suggests that grace period could be nearing an end.
Earlier this year, Bloomberg outlined the contents of civil investigative demands (CIDs) - similar to a subpoena - the FTC sent to at least half a dozen companies that compete with Microsoft. New details obtained by The Verge further reveal the FTC's interests, suggesting the agency is particularly concerned with potentially exclusionary behavior around Microsoft's Azure cloud services, as well as its ro …
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