Techmeme
November 12, 2018, 10:25 AM

Top News

Dan Primack / Axios:
SAP announces it will buy user experience management platform Qualtrics, which had planned to go public later this month, for $8B  —  SAP on Sunday night announced that it will purchase Qualtrics, a U.S.-based maker of survey software that had been expected to go public this week, for $8 billion in cash,
Bloomberg:
Profile of Qualtrics CEO Ryan Smith, who resisted taking VC money for over a decade before finally agreeing to deals with Accel and Sequoia Capital  —  - SAP is paying $8 billion in cash for Ryan Smith's Qualtrics  — Utah-based software company had been planning to go public
Alex Konrad / Forbes:
Qualtrics had 2017 revenue of $289.9M; with the $8B acquisition, Accel and IVP's stakes are each worth $1B+, and the Smith family's stake is ~$2.6B after taxes  —  Utah-founded cloud unicorn Qualtrics was set to have one of tech's most hotly-anticipated initial public offerings this week.
Yonhap News Agency:
Sources: Samsung to launch the flagship Galaxy S10 in February, Galaxy S10 with 5G support and its foldable phone called Galaxy F in March  —  Samsung Electronics Co. plans to launch its first foldable smartphone in March, along with a fifth-generation (5G) network-powered Galaxy S10, industry sources said Monday.
Wall Street Journal:
A look at the tug of war between the data driven tech team and the relationship-oriented Hollywood team at Netflix  —  As the company plunges deeper into originals, its L.A. wing is doing the once-unthinkable: overriding the metrics  —  Netflix Inc.'s executives were torn.
Kurt Wagner / Recode:
Sources: Imran Khan, formerly second-in-command at Snap, is working on a new e-commerce startup due to launch next year  —  Khan plans to launch a new shopping platform in 2019.  —  Imran Khan, who spent the past four years as the top business executive at Snapchat's parent company, Snap …
CoinDesk:
A look at the heated debate raging in the Bitcoin Cash community ahead of the contentious hard fork that may split the cryptocurrency's blockchain on Nov. 15  —  “Do not come crying when you are bankrupt.”  —  Lobbed at those bitcoin cash enthusiasts supporting Bitcoin ABC …
Paul Sawers / VentureBeat:
Framer, an Amsterdam-based UI prototyping platform, raises $24M Series B led by Atomico, with Accel and AngelList participating  —  Dutch design prototyping startup Framer has raised $24 million in a series B round of funding led by Atomico, with participation from Accel and AngelList.
More: TechCrunch and Tech.eu
Arjun Kharpal / CNBC:
Alibaba sold $30.8B worth of goods during the 24-hour Singles' Day shopping event, topping the 2017 Singles Day sales of $25.3B  —  - Singles Day got off to a strong start with sales hitting $1 billion in one minute and 25 seconds.  —  Alibaba on Sunday tore through last year's Singles Day sales record …

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