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Slack Technologies Inc is planning to go public through a direct listing, the Wall Street Journal reported on Friday, citing people familiar with the matter.

Slack, which operates a popular workplace instant-messaging and collaboration app, is likely to debut in the second quarter and currently expects to do so via a direct listing, according to the report.

The plan for direct listing will potentially make Slack the second big technology company after Spotify Technology SA to bypass a traditional IPO, WSJ reported.

Slack had hired investment bank Goldman Sachs Group Inc to lead its initial public offering as an underwriter, Reuters had reported in December.

Slack did not immediately respond to a request for comment outside regular business hours.

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Safety more important than standards, software CEO says

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With increasing talk of the U.S. and China’s trade war becoming a war over technology, the boss of one software firm thinks it’s now time to start thinking about putting the safety of consumers over global internet standards.

The so-called “splinternet” is probably not a phrase you’ve heard of, but it increasingly has experts worried in an age of geopolitical divides.

The term refers to a literal splitting of the internet into disparate parts as other countries become increasingly suspicious of foreign technology. Former Google Chief Executive Eric Schmidt, for example, recently warned the internet would split in two, with one internet led by the U.S. and the other led by China.

“I think there is a dual concern — standardization across the globe and higher protection, whether its data or infrastructure protection,” Dassault Systemes Chief Executive Bernard Charles told CNBC at the World Economic Forum in Davos, Switzerland on Wednesday.

“We all know that infrastructure should be well-protected, otherwise it’s going to put everything at risk at the same time.”

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Japan Display shares soar following report of bailout talks

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Shares of Japan Display skyrocketed on Wednesday following a report that the Apple supplier was in talks for a bailout following the disappointing sales of the iPhone XR.

By the stock market’s close in Tokyo Wednesday, the Japanese screen maker had seen its stock surge 18.75 percent. Japan Display supplies liquid-crystal displays (LCD) to Apple. The iPhone XR is the only model among Apple’s latest iPhone range to use LCD screens, as the more expensive iPhone XS and iPhone XS Max models are outfitted with pricier organic light-emitting diode (OLED) displays instead.

OLED screens are perceived to be superior to LCDs due to greater color reproduction and lower power consumption.

The surge in shares came a day after the Wall Street Journal reported that Japan Display was in advanced talks with an investor group from Taiwan and China to bail out the company with a potential amount that could be equivalent to $550 million and would include a 30 percent stake in the company.

The deal could give Taiwan’s TPK Holding and Chinese state-owned Silk Road Fund even more control of the company later on, the Journal reported.

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Siemens CEO says he’s confident regulators will approve Alstom deal

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“The Siemens-Alstom matter will be a historical proof point whether or not the European Union has understood on how to look into, let’s say, global social economic factors, and not on a rules-based system, which then goes into 28 countries and looks at 28 single markets,” Kaeser said.

The governments of Germany and France have been outspoken about their support for the deal. France’s Finance Minister Bruno Le Maire said earlier this week that the deal “is the best response to the rising power of the Chinese in the rail sector,” according to the Financial Times. The Siemens-Alstom deal is seen as potentially pitting the EU’s anti-trust rules with the broader political aims of the continent.

“I’m really curious on how it turns out, and still, sort of, optimistic because we have smart people, the Commissioner is very well aware that this is important,” Kaeser told CNBC.

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