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The technology firm Samsung Electronics has acquired a real-time networks analytics startup called Zhilabs which is based in Barcelona. This acquisition is expected to ease its transition from 4G to 5G technologies. However, the financial details of the acquisition deal have not been disclosed yet. Zhilabs will be fully owned by Samsung, but it will continue to operate independently under its own management. The acquisition of Zhilabs is part of Samsung’s initiative to invest 25 trillion won (about $22 billion) in businesses working on AI, 5G, components for self-driving vehicles, and biopharmaceutical technologies. “5G will enable unprecedented services attributed to the generation of exponential data traffic, for which automated and intelligent network analytics tools are vital. T...

Neymar has hit the headlines hard for leaving Barcelona and signing with Paris Saint-Germain on Friday after his $263 million (£200 mn) record fee transfer, which is more than the double of the world record. PSG has officially signed the footballer for a 5-year playing contract, amounting to about £40 mn earnings per year. The £200 mn is only the initial outlay, Paris Saint-Germain will also have to pay the Brazilian-star that amount in wages over the 5 year contract, as well as hefty fees to his father who is his agent and insurance premiums to protect their investment. When asked whether the transfer was "money driven", Neymar said it was "sad" that people thought that his move from Barcelona had been motivated by money. "What I say to these people is they don't know a...

Tag: barcelona

Samsung Acquires Barcelona based Network Analytics Startup

Neymar Becomes The Most Expensive Footballer in the History