Amazon reported its Q2 earnings after the bell on Thursday, missing analysts' expectations on revenue, and falling short on its Q3 forecast.
Alphabet's Google has asked a judge hearing the Justice Department's antitrust lawsuit against the search and advertising giant to compel Microsoft to turn over documents, saying it has failed to comply with a subpoena, according to a court filing unsealed late Thursday. Google served a subpoena to Microsoft [MSFT.O] more than three months ago, seeking documents regarding Microsoft's Bing search engine as well as its Internet Explorer and Edge but has not received them, the filing said. Google says some of the documents might shed light on whether Microsoft was actually restrained from competing with Google, or whether it simply failed to compete successfully.
The deal could be announced in the coming weeks and would be a prelude to an initial public offering (IPO) by Oyo, the source said. Founder and Chief Executive Officer Ritesh Agarwal said earlier this month that Oyo would consider a potential public offering, but did not provide a timeline. The deal may involve Oyo shifting to use Microsoft's cloud services, TechCrunch reported earlier on Thursday, citing people familiar with the matter.