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The Journal Gazette

Tuesday, November 14, 2017 1:00 am

Briefs

IU Health office set for Engle

Staff, news services

IU Health's new Fort Wayne primary care office will be in leased space at 7230 Engle Road, Jeffrey J. Swiatek, a spokesman, said through email Monday.

Plans for the office were announced in late October, but the location had not been revealed.

The office is expected to have up to 15 providers when it opens early next year, the first step in a long-term plan that could lead IU to have a bigger presence in the market. 

In September, Riley Children's Health announced plans to spend $1 million to open a pediatric specialty office in Fort Wayne by mid-January. That office will be in leased space at Coldwater and Cook roads. Riley is part of the IU Health system, which operates hospitals, surgery centers, walk-in clinics, primary care offices, three regional physician networks and a health insurance company.

Chipmaker says no to Broadcom's offer

Qualcomm rejected Broadcom's $105 billion acquisition offer, kicking off what would be the largest technology takeover battle in history.

The San Diego company recommended shareholders spurn the deal, saying it's an opportunistic move by Broadcom to buy the wireless chipmaker on the cheap. Qualcomm also said the transaction may face regulatory scrutiny that would cast doubt on its completion.

The rebuff ratchets up pressure on Broadcom to sweeten its offer, or embark on a proxy battle, which carries its own risk of rejection by shareholders.

For now, Broadcom said it remains “fully committed” to going ahead with the purchase.

Offer made to buy Glenbrook operator

Brookfield Property Partners is offering $14 billion to buy the remaining shares of mall owner GGP that it doesn't already possess.

Brookfield currently owns about 34 percent of GGP.

GGP Inc. said Monday that it received an unsolicited proposal from Brookfield Property Partners LP on Saturday. The offer would give each GGP shareholder $23 in cash per share or 0.9656 of a limited partnership unit of Brookfield.

GGP says that a special committee will be reviewing the proposal.

The company, which owns high-end malls near Los Angeles, Washington, D.C., and Water Tower Place in Chicago, where it is based, emerged from bankruptcy protection in 2010 with help from Brookfield. GGP, formerly known as General Growth Properties, operates Fort Wayne's Glenbrook Square.

Cybersecurity firm hacks into iPhone X

Less than a week after the Apple iPhone X went on the market, a cybersecurity firm said it had already defeated the new phone's vaunted face recognition system using a $150 mask made on a 3-D printer.

“Apple Face ID is not an effective security measure,” a Vietnam-based cybersecurity firm, Bkav, said in a statement and video on its website.

But U.S. security experts aren't as quick to dismiss the security of the device. The iPhone X, which became available Nov. 3, has numerous other security functions that would make most such methods impractical for all but the most dedicated criminals, and perhaps still unachievable, those experts said.

For most people, according to Terry Ray, chief technology officer at Imperva, a Redwood Shores, California, cybersecurity firm, “Face ID is probably just fine.”