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August 1, 2016, 5:50 PM
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| Eric Newcomer / Bloomberg: |
Didi Chuxing acquires Uber China; Uber China investors get a 20% stake of the combined business, which sources say has a $35B valuation — Uber Technologies Inc. will merge its China business with Didi Chuxing, the dominant ride-hailing service in the country, according to people familiar with the matter.
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Uber Global, Wall Street Journal, TIME, Business Insider, Wall Street Journal, Reuters, New York Times, Recode, TechCrunch, VatorNews, Recode, Daring Fireball, Forbes, The Verge, Quartz, CNET, International Business Times, TechCrunch, Fortune, Wired, Fusion, MobileSyrup.com, AppleInsider, iDownloadBlog.com, Tech Times, Patently Apple, Mashable, The Daily Caller, Upstart Business Journal, PC Magazine, Associated Press, Vanity Fair, New York Magazine, ITworld.com, TechSpot, GeekTime, iLounge, The Register, Cult of Mac, Guardian, 9to5Mac, The Verge, Socialnomics, Ubergizmo, TechCrunch, Engadget, Digital Trends, MediaNama, livemint.com, TechNode, GeekWire, Haystack, Los Angeles Times, MacRumors, VentureBeat, The Next Web, The Information, Peter O'Kelly's Reality Check, silicontap.com and The Loop
Tweets: @china, @btaylor, @danprimack, @paulmozur, @jonrussell, @paulmozur, @jasonabbruzzese, @spennyli, @chamath, @spencerchen, @tanayj, @niubi, @dshankar, @karaswisher, @jonrussell, @mikeisaac, @warikoo, @devindra, @_kaelo_, @ericnewcomer, @mikeisaac, @mariakar, @joshelman, @m_delamerced, @marcuswohlsen and @mdudas
Thanks:@davemcclure| Didi Chuxing: |
Didi Chuxing to acquire UberChina — Combined resources to promote healthy development of the rideshare industry — Didi Chuxing today announced a strategic agreement with Uber under which Didi Chuxing will acquire all assets of UberChina—including its brand,business operations and data—for operation within mainland China.
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Travis Kalanick, Bloomberg, Business Insider, Computerworld, Washington Post, The Mac Observer, TechnoBuffalo, Fortune, CNET, iPhone in Canada Blog, TIME, Forbes, Mashable, Digital Trends and MacDailyNews
Tweets: @mikeisaac, @dkthomp and @mikeisaac
| Ingrid Lunden / TechCrunch: |
Salesforce buys word processing app Quip, sources say for $750M — Salesforce is continuing its buying spree to expand the services that it offers to its customers. The company has just announced that it is acquiring Quip, the cloud-based word processing app that was co-founded by Bret Taylor, formerly CTO of Facebook.
More:
Quip, Reuters, Business Insider and VentureBeat
Tweets: @hunterwalk, @btaylor, @om, @besvinick, @stevesi, @davezatz, @bgurley, @btaylor and @johnolilly
| Adi Robertson / The Verge: |
New York's correctional dept., at Gov. Cuomo's behest, makes playing online games a parole violation for sex offenders, spurred by report on Pokémon Go usage — At the direction of Governor Andrew Cuomo, New York's correctional department has made playing online games a violation … | Reuters: |
Judge voids VirnetX's $625.6M patent infringement verdict in case against Apple, says it was unfair that two lawsuits were combined in one trial; new trials set — A federal judge has thrown out a verdict requiring Apple Inc (AAPL.O) to pay VirnetX Holding Corp (VHC.A) …
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SiliconBeat, CNET, MacRumors, 9to5Mac, AppleInsider, Pocketnow, iLounge, iDownloadBlog.com, iPhone Hacks and Patently Apple. Tweets: @stevesi
| Ingrid Lunden / TechCrunch: |
Verizon buys Fleetmatics, provider of SaaS GPS and logistics products, for $2.4B in cash — Hot off the heels of its acquisition of Yahoo last week for $4.8 billion, today Verizon announced another huge purchase: it's buying Fleetmatics, a telematics company based out of Dublin, Ireland … | Peter Sterne / Politico: |
Gawker Media founder Nick Denton files for Chapter 11 personal bankruptcy protection; in tweet, he says his colleagues will be “freed” from Thiel's “vendetta” — Denton's bankruptcy comes as a result of Hulk Hogan's lawsuit against Gawker| Jacob Kastrenakes / The Verge: |
Washington state sues Comcast for $100M+, saying customers paid $73M for “near-worthless” protection plan over 5 years, had their credit unnecessarily checked — Comcast is being sued for more than $100 million by Washington state, which claims that the cable giant illegally deceived customers … | Kashmir Hill / Fusion: |
Researchers used 2D photos to reconstruct fingerprints, successfully unlock Samsung Galaxy S6 for police — Last week, Rose Eveleth reported that police in Michigan asked a 3D printing lab to recreate a dead man's fingers so they could unlock his phone and look for clues to who murdered him.
More:
Nextgov
| Jordan Novet / VentureBeat: |
Microsoft's Xbox Summer Update finally brings Cortana to all Xbox One systems in the US and UK, along with background music, enhanced language settings, more — Niantic Labs' John Hanke will be delivering a fireside chat for AR/VR day (augmented reality/virtual reality) at GamesBeat 2016.| Jack Marshall / Wall Street Journal: |
Brave Raises $4.5 Million to Fuel Growth of Ad-Blocking Browser — The company has raised $7 million in the last year — Brave Software announced Monday that it has raised $4.5 million to help grow its ad-blocking, privacy-centric web browser, which aims to nullify many of the ad targeting …
More:
CNET, Bitcoin News and TechCrunch
| Jonathan Shieber / TechCrunch: |
Alabama-based Shipt raises $20M Series A to challenge Instacart, Amazon, and Google in fresh food delivery, after becoming profitable in most of its markets — Nestled in a valley between the two tailing ends of the Appalachian foothills, the southern city of Birmingham … Sponsor Posts
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