Future more certain for Toshiba
Summary
• Coaxle, the integrated data and insights company of which Lightstone is a member, has acquired a 50% interest in iX, a provider of digital solutions primarily to the retail automotive industry. • Gilat Satellite Networks has signed a definitive agreement to acquire DataPath, a market leader in trusted communications for the US DOD Military and Government sectors. • Lenovo Group must pay InterDigital $138.7 million for a licence for its portfolio of telecommunications patents, Londons High Court ruled in the latest round of a long-running dispute. • Weibo Corporation is raising its stake in Shanghai-listed media marketing firm Inmyshow Digital Technology Group through the acquisition of ShowWorld Hong Kong ($314.7 million). • According to IDC, shipments of smartphones will decline 1.1% in 2023 to 1.19 billion units, down from the 2.8% growth in the prior forecast as the market continues to suffer from weak demand and ongoing macro-economic challenges.