Techmeme
July 24, 2015, 11:40 PM

Top News

Bloomberg Business:
Square Said to File Confidentially for Initial Public Offering  —  Square Inc., the mobile-payments company founded and led by Jack Dorsey, the interim chief executive officer of Twitter Inc., filed confidentially for an initial public offering, people with knowledge of the matter said.
Ted Johnson / Variety:
FCC OKs AT&T-DirecTV merger with conditions lasting 4 years: expand fiber internet to 12.5M new customers, submit interconnection agreements for review, more  —  FCC Approves AT&T-DirecTV Merger  —  AT&T and DirecTV's merger cleared its final federal regulatory hurdle on Friday, garnering the votes at the FCC for approval.
Bloomberg Business:
Sources: MCX's CurrentC mobile payment app to begin limited trial in stores next month as deals keeping Apple Pay out of stores expire  —  Retailers' Answer to Apple Pay Is Said to Hit Stores in August … After almost three years in development, the retail industry's answer to Apple Pay is finally getting off the ground.
Kevin Kingsbury / Wall Street Journal:
With a market cap of over $247B and a 55% rise in stock price this year, Amazon is now worth more than Wal-Mart  —  Amazon Is Now Worth More Than Wal-Mart  —  While Amazon.com Inc.'s revenue has long been fast growing, easily outpacing brick-and-mortar giant Wal-Mart Stores Inc., the bottom line has never been close.
Chris Welch / The Verge:
Chrysler recalls 1.4 million cars at risk of being remotely hijacked  —  Chrysler has announced a voluntary recall of 1.4 million vehicles just days after Wired reported a frightening vulnerability that allows hackers to remotely seize control of cars equipped with the auto maker's UConnect system.
Maria Armental / Wall Street Journal:
US Consumer electronics company Vizio files for IPO with plans to raise up to $172.5M  —  Television-Maker Vizio Files for IPO  —  Best known for its low-priced televisions, Vizio plans to raise up to $172.5 million  —  Vizio Inc., best known for its low-priced televisions …
Alistair Barr / Wall Street Journal:
YouTube CEO says big publishers opting out of YouTube's paid subscription service may be dropped from the ad-supported service  —  YouTube Chief Pushes Ahead with Subscriptions Despite Questions  —  YouTube wants to get paid in a new way, and Chief Susan Wojcicki is pushing ahead despite questions about the plan.

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