Wayne Ma / The Information:
Sources: a secret deal between Tim Cook and China, brokered in 2016, paved the way for Apple's success by promising to help develop the country's economy — Interviews and internal Apple documents provide a behind-the-scenes look at how the company made concessions...
Antoine Gara / Financial Times:
Sources: Thomas Bravo is raising $35B for tech company buyouts; in 2021, the PE firm acquired RealPage for $10.2B and Proofpoint for $12.3B — US-based specialist on an acquisition binge is raising $35bn for more — The mood was buoyant when private equity...
Wall Street Journal:
Sources: Intel plans to publicly list shares of its Mobileye unit at a $50B+ valuation; Intel acquired the self-driving car company in 2018 for about $15B — Move could value Mobileye at more than $50 billion, according to people familiar with the matter — Intel Corp. is...
The Markup:
Sources: Life360, a family safety app used by 33M people, has sold users' precise location since 2016 and is one of the data broker industry's top sources — The app is a major source of raw location data for a multibillion-dollar industry that buys, packages, and sells people's...
PMID: Food Funct. 2021 Nov 29 ;12(23):12059-12076. Epub 2021 Nov 29. PMID: 34783324 Abstract Title: Royal jelly from different floral sources possesses distinct wound-healing mechanisms and ingredient profiles. Abstract: In recent years, population aging together with the increased prevalence...
Bloomberg:
Profile of Group-IB CEO Ilya Sachkov, who is charged with treason in Russia, sources say for allegedly giving the US info about Fancy Bear's 2016 operation — Ilya Sachkov, who's been charged with treason in Russia, is alleged to have given the U.S. information about the “Fancy Bear” …
Berber Jin / The Information:
Sources: Airtable, a developer of cloud-based collaboration software, is finalizing $700M+ in new funding at an $11.7B valuation — Airtable, a developer of cloud-based collaboration software, is finalizing a new round of funding that would value the San Francisco...
Jason Schreier / Bloomberg:
Sources: Sony plans to launch a subscription service, codenamed Spartacus, next spring that merges PlayStation Plus and PS Now, to compete with Xbox Game Pass — - Subscription offering would blend PlayStation Now and PS Plus — Code-named Spartacus, launch is...
Reuters:
Sources: the iPhones of at least nine US State Department employees were hacked using NSO's spyware in the past several months — Apple Inc iPhones of at least nine U.S. State Department employees were hacked by an unknown assailant using sophisticated spyware developed by the...
Ian Allison / CoinDesk:
Sources: Goldman Sachs is among a handful of tier-one US banks working on ways to use bitcoin as collateral for cash loans to institutions — Goldman Sachs is among a handful of tier-one U.S. banks figuring out how to use bitcoin as collateral for cash loans to...
Financial Times:
Sources: as SenseTime prepares for an IPO, its plan to create the world's first “AI casino” in Genting Singapore is delayed due to technical issues — Artificial intelligence leader SenseTime has run into problems with flagship Singapore project
Pei Li / Bloomberg:
Sources: Weibo and its shareholder Sina plan to price its Hong Kong second listing at HK$272.80 (~$35), seeking to raise around HK$3B ($385M) — - U.S.-listed Chinese firm, holder selling 11 million shares — Offering comes as China cracks down on VIE structures
Berber Jin / The Information:
Sources: Instacart is planning to launch a 15-minute-or-less grocery delivery pilot for US customers, from existing partner stores — For Instacart, the leading U.S. grocery delivery company, being fast may not be fast enough. — The $39 billion-valuation startup...
Bloomberg:
Sources: Apple, which cut its projected iPhone 13 production targets for 2021 by up to 10M units, tells suppliers that it may not make up the shortfall in 2022 — Apple Inc., suffering from a global supply crunch, is now confronting a different problem: slowing demand.
Bloomberg:
Sources: Indian food delivery service Swiggy is raising $600M-$700M at a $10.5B valuation led by Invesco, up from $5.5B in April — Indian food delivery service Swiggy is raising $600 million to $700 million in a round led by Invesco that's due to close this month, according to...
Bloomberg:
Sources: China plans to ban companies from going public on foreign markets through variable interest entities, closing a loophole used by its tech companies — China is planning to ban companies from going public on foreign stock markets through variable interest entities …
Forbes:
Sources: Kedar Deshpande is stepping down as CEO of Zappos, a year after replacing Tony Hsieh; Scott Schaefer, VP of finance, to take over as interim CEO — Kedar Deshpande is stepping down as chief executive of online shoe retailer Zappos, a year after replacing Tony Hsieh, the...
David Faber / CNBC:
Sources: Twitter CEO Jack Dorsey is expected to step down; Twitter stock rises 10%+ — Twitter CEO Jack Dorsey is expected to step down from his executive role, sources tell CNBC's David Faber. Twitter stock jumped more than 11% on the news.
Miriam Gottfried / Wall Street Journal:
Sources: Clearlake Capital will buy Quest Software, which makes tools for IT departments, from Francisco Partners for $5.4B including debt — Deal values former Dell unit at $5.4 billion, including debt, sources say — Clearlake Capital Group LP has...
Financial Times:
Sources: UK's CMA is expected to force Meta to sell recently-acquired Giphy, the first time the competition watchdog has reversed a Big Tech acquisition — Move would be the first time the competition watchdog has reversed a Big Tech acquisition — The UK competition regulator...