Techmeme: Report: Raspberry Pi Trading hired investment banks Stifel and Liberum to advise on a London IPO planned for this spring that would value it at ~$500M (Les Pounder/Tom's Hardware)

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November 29, 2021, 3:45 AM

Top News

Christopher Mims / Wall Street Journal:

How “neo-conglomerates” like Apple, Amazon, Alphabet, Microsoft, and Meta replaced and outgrew industrial conglomerates like GE, Toshiba, and Johnson & Johnson — As General Electric and other old-school behemoths break up, Amazon, Apple, Alphabet, Microsoft and Meta are taking …

Tweets: @fmbutt, @halsinger, @mims, @brian_callaci, and @sub8u

Financial Times:

Sources: UK's CMA is expected to block Meta's proposed acquisition of Giphy — Move would be the first time the competition watchdog has reversed a Big Tech acquisition — The UK competition regulator is expected to block Meta's acquisition of online gif platform Giphy in the coming days …

More: Reuters and The Economic Times

Tweets: @martinsfp and @mdudas

Steven J. Vaughan-Nichols / ZDNet:

Nextcloud and ~30 other EU companies file an antitrust complaint with the European Commission against Microsoft for bundling OneDrive and Teams with Windows — Nextcloud and almost 30 other European companies have filed a complaint about Microsoft's anti-competitive behavior with its OneDrive cloud storage offering.

Source: Nextcloud and Nextcloud. More: Politico, SiliconANGLE, PCMag, Slashdot, Reclaim The Net, MSPoweruser, and Neowin

Tweets: @simonvandorpe, @carnage4life, and @carnage4life

Les Pounder / Tom's Hardware:

Report: Raspberry Pi Trading hired investment banks Stifel and Liberum to advise on a London IPO planned for this spring that would value it at ~$500M — The listing could see Raspberry Pi valued at $500m — According to a report in The Telegraph, Raspberry Pi Trading …

Source: Telegraph. More: CNX Software and Slashdot

Tweets: @sub8u, @recantha, @frankcatalano, and @rob_kimbell

Manish Singh / TechCrunch:

Slice, whose credit cards are used by 5M+ people in India and let users pay their bills interest-free over three months, raises a $220M Series B — Rajan Bajaj, founder of fintech Slice, chimed in on a Twitter thread earlier this year and wondered aloud what he needs to do to turn his startup into a unicorn before he turns 30.

More: Entrackr, Tech in Asia, DealStreetAsia, Bloomberg, The Economic Times, and PYMNTS.com. Tweets: @refsrc

Warren P. Strobel / Wall Street Journal:

A look at the challenges spies face with biometrics, smartphones, and surveillance cameras, and how AI sifting through data changes espionage — U.S., rivals seek ways to adapt spycraft to a changing world; being on the grid can blow your cover, but so can staying off

Tweets: @tuomorusila, @evanselinger, @jayshams, @vmsalama, @jessmarindavis, and @niubi

New York Times:

Recent cyberattacks on Iran's fuel distribution system and an Israeli LGBTQ dating site show that Iran-Israel cyberwar is impacting civilians on a large scale — Iranians couldn't buy gas. Israelis found their intimate dating details posted online. The Iran-Israel shadow war is now hitting ordinary citizens.

More: The Overspill. Tweets: @jonathanmtweet, @int_rec_day, @kylieatwood, @alexgibneyfilm, @seanmcfate, @ebkania, @kenroth, @kevincollier, @loumariehsd, @nytimes, @jasonmbrodsky, @jasonmbrodsky, @chris_sactoca, @zachsdorfman, @snlyngaas, @sangernyt, and @farnazfassihi

Adam Rogers / Wired:

A look at efforts to develop brain-computer interfaces, including Musk's Neuralink and a DARPA program to build a 64,000-electrode array for brain implants — The idea of a synthetic experience uploaded to the mind has been a sci-fi fantasy forever. New brain-computer interfaces are making it nonfiction—very slowly.

Tweets: @sub8u, @hankgreelylsju, @rossdawson, @condenast, and @jetjocko

Stephen Diehl:

Crypto tokens allow venture capitalists to dump their investments on an enthusiastic public without regulation, in the midst of a speculative mania — These days I read a lot of cross-disciplinary commentary on the crypto asset bubble, and what strikes me as particularly strange is the sheer level …

Chance Miller / 9to5Mac:

Gurman: Apple is still working on a multi-device charger, other short and long-distance wireless chargers, and reverse wireless charging for its devices — Despite its failed AirPower experiment a few years ago, Apple is reportedly still working on a multi-device charger for its products.

Source: Bloomberg. More: iThinkDifferent, iMore, AppleInsider, Ubergizmo, Gizchina, Forbes, AppleTrack, Philip Elmer‑DeWitt, and iPhone Hacks. Tweets: @joshuaswingle

Mike Butcher / TechCrunch:

UK-based Motorway, a second-hand car auction site used by 4K+ car dealers, raises a $190M Series C at a $1B+ valuation after raising a $67.7M Series B in June — It was only in June that Motorway - a U.K. platform on which professional car dealers can bid in an auction for privately owned cars for sale …

More: Sifted

Financial Times:

Sky Mavis says its crypto-based game Axie Infinity quadrupled DAUs in under 3 months to 2M in October, as some analysts question Axie's economic sustainability — Video game analysts are questioning the economic sustainability of pay-to-play ‘Axie’ — Eight months ago …

Tweets: @smdiehl, @financialtimes, and @saemin4655

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From Mediagazer

Benjamin Mullin / New York Times:

Arkansas PBS severs ties with the PBS network, the first state public TV system to do so since Congress cut CPB funds, citing the annual $2M+ membership cost

Sam Roberts / New York Times:

Arthur L. Carter, who started a Connecticut newspaper in 1981, bought and sold The Nation, and founded the New York Observer in 1987, has died at 93

Pamela McClintock / The Hollywood Reporter:

Disney's Zootopia 2 surpasses $1B at the global box office, the fastest PG-rated film to do so after just 17 days in release

Upcoming Tech Events

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More News

Javier Espinoza / Financial Times:

Vestager asks the EU Parliament and Council to approve the Digital Markets Act and the Digital Services Act as a matter of urgency, even if they are imperfect

More: Reuters. Tweets: @javierespft, @thierrybreton, @vestager, @andreas_schwab, @samuelstolton, @chrismessina, @vestager, and @charanzova

Lauren Thomas / CNBC:

Adobe: US consumers spent $8.9B online on Black Friday, down from the record $9B in 2020, the first ever YoY decline

More: ABC News, Engadget, The Verge, Forbes, Axios, CNET, and Benzinga

Tweets: @laurenthomas, @ericjhonsa, @hytrekprosiecka, @thinking_panda, @itsreapagain, and @darjohn25

Arol Wright / Android Police:

Spotify confirms it is retiring the Car View mode in its mobile apps, offering no replacement, but says it is working to improve how users listen while driving

More: The Verge, Gizmodo, PYMNTS.com, Thurrott, Engadget, 9to5Google, Mashable, PhoneArena, PCMag, TechRadar, Android Central, Pocketnow, MobileSyrup, Gizchina, and MSPoweruser

Tweets: @stephanievasko and @jak1192

Vlad Savov / Bloomberg:

Now that most video game platforms have a digital-only purchasing option, paying separately for the same video game on each is indefensible

More: Daring Fireball and Philip Elmer‑DeWitt

Tweets: @reksveks, @alangebhardtsba, @steuph, @gruber, @reneritchie, @stroughtonsmith, and @daringfireball

Reuters:

Indian government tells Starlink to stop “booking/rendering the satellite internet service” as it does not have a license to operate in the country

More: pib.gov.in, The Hindu, Gizmodo, Techaeris, The Verge, PCMag, Engadget, and Insider

Tweets: @jeffnolan, @gyude_moore, and @gojomo

Bloomberg:

Sources: Cloud Village, the music streaming arm of Chinese gaming giant NetEase, raises ~$422M in a Hong Kong IPO, pricing shares at HK$205, or ~$26.30

More: Caixin Global, Wall Street Journal, and CNBC

Earlier Picks

Jing Yang / Wall Street Journal:

Sources: Alibaba is delegating more responsibility to presidents of its business units to shed its monolithic image in the wake of China's regulatory crackdown

Tweets: @jchengwsj and @jchengwsj

The Economic Times:

Paytm reports Q2 revenue of $144.8M, up 64% YoY, and a net loss of $63M, up 8%+ YoY, in its first post-IPO earnings report

Source: Paytm. More: PYMNTS.com, Moneycontrol, Entrackr, Livemint, Hindustan Times, Zee Business, CNBCTV18, Reuters, BloombergQuint, and Bloomberg

Jiyoung Sohn / Wall Street Journal:

Gartner: global chip makers are projected to spend $146B this year, about 50% higher than before the pandemic and double the amount five years ago

More: The Diff. Tweets: @workmj, @paulpage, and @molson_hart

Natasha Lomas / TechCrunch:

UK's CMA says Google has agreed to expanded oversight in the development of Privacy Sandbox as part of the regulator's antitrust investigation

More: Android Central, iTnews, The Keyword, The Hacker News, SiliconANGLE, GOV.UK, Financial Times, The Register, and Thurrott

Tweets: @cmagovuk, @1br0wn, @astaniscia86, and @lewis_crofts

Eric Slivka / MacRumors:

Kuo: Apple AR headset to launch in late 2022 with an M1-like chip and no tethering to a Mac or an iPhone; Apple wants to replace the iPhone with AR in 10 years