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Techmeme
November 28, 2017, 10:50 AM
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Top News

Eric Newcomer / Bloomberg:
Sources: SoftBank offers to buy secondary Uber shares at $48B valuation, 30% lower than Uber's recent $69B valuation, will also invest $1B+ at $69B valuation  —  The price is 30% below Uber's last primary round, people say  —  A slate of investors has agreed to sell shares for the deal
Gabriela Barkho / Crunchbase News:
WeWork to acquire community platform Meetup, according to an internal announcement from Meetup CEO Scott Heiferman  —  WeWork's acquisition spree continues.  —  WeWork will acquire Meetup, Crunchbase News has learned, adding another purchase to the rapidly expanding rental startup's roster.
Ingrid Lunden / TechCrunch:
Adobe: Cyber Monday US sales hit record-breaking $6.59B, with purchases on smartphones also breaking a record with $1.59B in sales  —  Cyber Monday is off to a flying start for online shopping in the US.  As of 7am Pacific, $840 million has been spent, up 16.9 percent on Cyber Monday 2016.
Danny Westneat / The Seattle Times:
A look at some of the plans submitted by 238 municipalities in Amazon's HQ2 contest, offering big tax breaks, free land, and special access to public resources  —  A review of some of the bids to woo Amazon's HQ2 to other cities and states shows it's not all about the money.
Bryan Menegus / Gizmodo:
Tumblr founder David Karp announces resignation from the company in email to staff, said decision came “after months of reflection on my personal ambitions”  —  After 11 years, Tumblr's founder and public face David Karp announced his resignation from the company in a staff email this afternoon.
Canalys:
Canalys: VR headset shipments pass 1M for first time in Q3 with Sony, Oculus, and HTC taking the top three spots, shipping 490K+, 210K, and 160K respectively  —  Palo Alto, Shanghai, Singapore and Reading (UK) - Monday, 27 November 2017  —  Virtual reality headset shipments are showing no signs of slowing …

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From Mediagazer

Todd Spangler / Variety:
Sony Pictures Entertainment and Sony Music Entertainment (Japan) agree to buy WildBrain's 41% stake in Peanuts Holdings for ~$457M, raising Sony's slice to 80%

Shane O'Neill / Washington Post:
Q&A with Christopher Anderson, who photographed Trump's inner circle for VF: “My job is to ... draw on my experience as a journalist and photograph what I see”

Alex Weprin / The Hollywood Reporter:
CBS News and The Free Press announce Things That Matter, a series of town halls and debates, starting in early 2026, with Sam Altman, J.D. Vance, and others

More News

Noah Kulwin / VICE News:
YouTube says it has terminated 270+ accounts, taken down 150K+ videos, removed ads from ~2M videos over past week as it purges content that endangers children

Earlier Picks

Josh Constine / TechCrunch:
Facebook rolls out AI for suicide prevention globally with the exception of the EU after initial tests in US, to detect suicidal posts before they're reported
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