Top Tech News This Week: Apple Eyes Time Warner's Assets, Google’s Virtual Reality Division in The Works

By M.R. Maestro

Jan 14, 2016 12:02 PM EST

Apple Inc. seems to keep a close eye on Time Warner and any of its potential asset spinoffs, USA Today reports Wednesday.

Tech giant and iPhone manufacturer Apple Inc. is reportedly one of the biggest companies keeping a close watch at any Time Warner asset spinoffs as the company holds several key properties such as HBO and CNN that could amp up Apple's broadcasting service according to New York Post's report. However, none from both companies has released any statement regarding New York Post's report.

Entertainment company TiVo has it's interim CEO- Naveen Chopra according to a statement released by the company Tuesday. Chopra who had served chief financial officer of TiVo takes over the position of Tom Rogers. Rogers will assume the position of a non-executive chairman of the board.

Meanwhile, Google is in the process of forming its own virtual reality division. The said new division will be run by Google's Clay Bavor, vice president for product management.

While the tech company already proudly has its Cardboard viewer for smartphones, competition is still a close battle with its competitors- and with HTC Vive and Oculus Rift to launch this year.

Chipmaker Qualcomm Inc (QCOM.O) reportedly partners with Japan's TDK Corp (6762.T). Reuters UK reports that they have formed a $3 billion joint venture. This combined assets are to be used in supplying key components and modules used in wireless communication involving devices such as Internet of things (IoT), smartphones, drones, and robots.

51 percent of the new venture will be with Qualcomm Global Trading while the remaining 49 percent will be owned by TDK subsidiary, EPCOS AG, both companies released on a statement Wednesday.

According to a report by CNBC, Microsoft's shares jumped in pre-market trading after an "overweight" stock upgrade from Morgan Stanley they have received. The global financial services firm cites Microsoft's position in the cloud market which is according to Morgan Stanley CEO, Satya Nadella, a priority at hand.