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August 1, 2016, 12:38 PM
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Mediagazer
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WeSmirchTop News
| 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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Wall Street Journal, New York Times, Uber Global, Recode, Reuters, TechCrunch, Business Insider, TechCrunch, AppleInsider, Associated Press, Forbes, CNET, TIME, Upstart Business Journal, Wired, The Verge, Mashable, The Daily Caller, Recode, iDownloadBlog.com, Tech Times, TechCrunch, Fortune, Vanity Fair, New York Magazine, iLounge, 9to5Mac, VentureBeat, MacRumors, Fusion, ITworld.com, Guardian, The Next Web, Los Angeles Times, MediaNama, livemint.com, TechSpot, Haystack, The Register, Patently Apple, Ubergizmo, GeekWire, Engadget, GeekTime, Digital Trends, TechNode, Cult of Mac, The Information, silicontap.com and Peter O'Kelly's Reality Check
Tweets: @china, @jonrussell, @jonrussell, @danprimack, @ericnewcomer, @tanayj, @niubi, @karaswisher, @chamath, @paulmozur, @mikeisaac, @_kaelo_, @paulmozur, @jasonabbruzzese, @btaylor, @mariakar, @warikoo, @devindra, @mikeisaac, @spencerchen, @dshankar, @spennyli, @joshelman, @m_delamerced, @marcuswohlsen and @mdudas
Thanks:@davemcclure. See also Mediagazer| 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.
| Leslie Hook / Financial Times: |
Source: Uber to invest $500M into its own global mapping project — Uber is preparing to pour $500m into an ambitious global mapping project as it seeks to wean itself off dependence on Google Maps and pave the way for driverless cars. — The San Francisco-based transportation company …
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International Business Times, Network World, SlashGear, PC Magazine, Neowin, Computerworld, Tech Times, Business Cloud News, Digital Trends, Business Insider, SiliconANGLE, Gizmodo, Fortune, Ubergizmo, The Verge, ZDNet, Engadget, CNET, Reuters, Silicon Valley Business … and Uber Global
Tweets: @agaleszczynski and @stevesi
Thanks:@ravichandrans25| 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 …
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Verizon FiOS & Custom TV, SiliconANGLE, Fortune, ZDNet, Tech Trader Daily, Fortune, Bloomberg and Tech Times
| 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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MacRumors, 9to5Mac, iDownloadBlog.com and Patently Apple
| 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 … | Ben Schoon / 9to5Google: |
Google has shipped 30M Chromecasts since launch in 2013, 5M in the past two months — On an earnings call earlier this week where Alphabet announced $21.6 billion of revenue in Q2 2016, Google CEO Sundar Pichai responded to questions regarding Google's own strategies, including hardware.
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Recode, Droidmen, Ausdroid, AndroidHeadlines.com, Android Central and TalkAndroid.com
| Jessica DiNapoli / Reuters: |
Source: Gawker Media founder and CEO Nick Denton to file for personal bankruptcy; in tweet, he says his colleagues will soon be “freed” from Thiel's “vendetta” — Gawker Media founder and CEO Nick Denton will file for personal bankruptcy protection as early as Monday … | 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 …
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CNET, Bitcoin News and TechCrunch
| Sam Byford / The Verge: |
How LeEco differentiates itself from other Chinese manufacturers like Xiaomi through its focus on entertainment media, drawing from its streaming video origins — Chinese tech firm LeEco made its biggest splash on American soil yet yesterday with the announcement that it's acquiring Vizio, the biggest US maker of TVs, for $2 billion.
More:
Wall Street Journal and Wired
| Paul Sawers / VentureBeat: |
Cybersecurity startup PhishMe, which helps employees spot phishing attacks, raises $42.5M Series C from Paladin Capital Group and Bessemer Venture Partners — PhishMe, a cybersecurity startup that helps companies thwart phishing attacks among other targeted malware, has closed …
More:
Business Wire, CIO Dive, Washington …, DC Inno and ZDNet
| Yancey Strickler / The Kickstarter Blog: |
Study: Kickstarter has created 8.8K companies, 29.6K full-time jobs, and $5.3B for project owners and their communities — A new study by the University of Pennsylvania provides the first comprehensive look at how the Kickstarter community impacts the creative economy. The study finds that Kickstarter projects have:Sponsor Posts
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