Techmeme
July 28, 2017, 10:25 PM

Top News

Alex Sherman / Bloomberg:
Source: Charter Communications rebuffs SoftBank's proposal for merger with Sprint  —  Charter Communications Inc. isn't interested in a merger with Masayoshi Son's Sprint Corp. following a published report that the Japanese billionaire was seeking such a deal, according to a person familiar with the matter.
Wall Street Journal:
Sources: SoftBank proposes to merge Sprint with Charter Communications, creating a new publicly traded entity to be controlled by SoftBank  —  Sprint Chairman Masayoshi Son seeks to create media and communications giant controlled by SoftBank, sources say  —  Sprint Corp. S .24% has proposed …
Stipe / Nokiamob:
As part of patent settlement, Nokia received upfront cash payment of €1.7B from Apple, Finnish company discloses during its earnings call  —  In today's financial results, Nokia mentioned that it had increased cash inflow thanks to an “up-front cash payment of approximately EUR 1.7 billion …
Bloomberg:
Huawei CEO confirms full-screen display on upcoming Mate 10, as company reports Q2 results, and says it is giving up on very low-end devices  —  It aims to ship as many as 150 million smartphones in 2017  —  The Chinese firm chalked up $42 billion in first-half revenue
Kara Swisher / Recode:
Katie Couric is ending her Yahoo show and departing Oath, but will work with Oath case-by-case for projects  —  But the longtime TV news star will still work with the company on a project basis  —  Katie Couric is ending her Web interview show for Yahoo, Oath confirmed after Recode contacted the company about the development.
Amazon.com:
Yoolim Lee / Bloomberg:
Expedia leads $400M round for Indonesian travel site Traveloka by contributing $350M; source says Traveloka is now valued at $2B  —  Traveloka Holding Ltd. raised $400 million in a funding round led by Expedia Inc. that conferred a $2 billion valuation on Indonesia's largest online travel startup …
AltspaceVR Inc:
AltspaceVR, a social platform for virtual reality, to shut down August 3 due to “unforeseen financial difficulties”  —  It is with a tremendously heavy heart that we let you all know that we are closing down AltspaceVR on August 3rd, 7PM PDT.  The company has run …

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