In M&A news, Digital Turbine completed the acquisition of AdColony, a mobile advertising platform.
Slack , a workplace communication software company will acquire Woven, a calendar app, for an undisclosed amount.
Woven CEO, Tim Campos stated, “Our team has always been our greatest strength.
Meanwhile, General Motors is planning to invest $1 billion to build electric cars in Mexico.
In earnings news, Cirrus Logic delivered disappointing results in the fourth quarter as the fabless semiconductor supplier reported revenues of $293.5 million, up 5% year-on-year but missing consensus estimates of $302.5 million.
The company posted fiscal 2Q revenues of $1.172 billion, a jump of 53% year-on-year that came in ahead of analysts’ estimate of $1.15 billion.
President and CEO of Skyworks Solutions, Liam K.