| Microsoft: |
Microsoft plans to acquire Activision Blizzard for $68.7B in cash, or $95/share, in FY 2023; Activision's stock, which closed last week at $65.39, jumps 25%+ — Legendary games, immersive interactive entertainment and publishing expertise accelerate growth in Microsoft's Gaming business across mobile, PC, console and cloud.| Tom Warren / The Verge: |
Microsoft says Xbox Game Pass has 25M subscribers, up from 18M in January 2021 — Microsoft's all-you-can-eat catalog of games is getting bigger, and now it's adding Activision Blizzard — Microsoft's Xbox Game Pass service now has 25 million subscribers.| Peter Kafka / Vox: |
Following several game studio acquisitions, Microsoft's Activision Blizzard deal faces a big regulatory hurdle with Lina Khan's antitrust-focused FTC — Microsoft-Activision is like Disney-Fox. Maybe bigger. — Microsoft is buying Activision Blizzard for $69 billion.| Andrew Asmakov / Decrypt: |
Crypto.com halted withdrawals on Monday and required users to sign back in and reset 2FA; research shows it lost 4,600+ ETH, worth ~$15M, in a presumed hack — The crypto exchange has reportedly lost at least $15 million in Ethereum, and security experts believe the true losses could be much higher.| Stephen Graves / Decrypt: |
Coinbase partners with Mastercard to let users pay with a credit card in its upcoming NFT marketplace, solve “pain points”, and classify NFTs as “digital goods” — Crypto exchange Coinbase has announced a partnership with Mastercard to simplify the process … | Makena Kelly / The Verge: |
Democratic lawmakers unveil the Banning Surveillance Advertising Act, which would ban targeted ads by data brokers, but exempt broad location and contextual ads — It could reshape the entire tech industry — On Tuesday, Democrats introduced a new bill that would ban nearly all use … | Jeffrey Knockel / The Citizen Lab: |
China's MY2022 Olympics app, mandatory for attendees to report travel and health data, has serious encryption flaws and contains a censorship keyword list — Key Findings — MY2022, an app mandated for use by all attendees of the 2022 Olympic Games in Beijing, has a simple but devastating flaw … | Todd Spangler / Variety: |
YouTube says it's winding down YouTube Originals after six years and will only fund programs that are part of its Black Voices and YouTube Kids Funds — YouTube is getting out of the business of originals: The Google-owned video giant said it is winding down its original productions team after more than six years.| Wall Street Journal: |
AT&T and Verizon temporarily restrict 5G expansion plans near US airports, but a few airlines will still suspend some flights Wednesday amid Boeing guidance — Flight suspensions occur even as AT&T and Verizon agree to limit signals within 2 miles of runways to address air-safety concerns| Canalys: |
| Lauren Feiner / CNBC: |
The FTC and DOJ seek public comment on how to rewrite “the antitrust laws regarding mergers”, signaling a potentially tougher stance toward Big Tech deals — - The Federal Trade Commission and Department of Justice Antitrust Division kicked off a process to rewrite merger guidelines for businesses on Tuesday.| Paul Sawers / VentureBeat: |
Walnut, a personalized product demo and analytics service, raises a $35M Series B and says its ARR has grown 700% since its $21M Series A in August 2021 — In a world where software rules the roost and cloud spending has gone through the roof, SaaS has emerged as the default business model … | Tomer Ganon / CTech: |
Source: Israeli police used NSO's Pegasus to monitor citizens, mayors, political protesters, and former government employees without warrants or court oversight — Mayors, leaders of political protests against former Prime Minister Benjamin Netanyahu, and former governmental employees … | Kenrick Cai / Forbes: |
Ironclad, which helps companies create and manage business contracts, raises a $150M Series E entirely from existing investors at a $3.2B valuation — Jason Boehmig spent two years as a lawyer in Silicon Valley, putting together documents for startups, before he had enough of the clunkiness of the job.| Joanna Ossinger / Bloomberg: |
Animoca Brands, which publishes NFTs and games tied to blockchain platforms, raises $359M led by Liberty City at a $5B valuation, up from $2.2B in October 2021 — Soros Fund Management and the Winklevoss twins' venture capital firm are among investors in a funding round that's more than doubled … | Kyle Alspach / VentureBeat: |
Banyan Security, which offers a zero trust remote access client and saw a 300% increase in users in 2021, raises a $30M Series B led by Third Point Ventures — Banyan Security, which today announced raising $30 million in series B funding, said it saw a 300% increase in users in 2021 … | Frank Chaparro / The Block: |
OpenSea acquires crypto lending APIs startup Dharma Labs, which will shutter its wallet in 30 days; source says the deal was valued between $110M and $130M — Quick Take — OpenSea confirms acquisition of Dharma Labs — Dharma Lab's Hollander picked for CTO role| Ben Thompson / Stratechery: |
As Intel pushes ahead with its IDM 2.0 strategy, a look at the motivations behind its TSMC partnership that is giving its competitor better scale and economics — Intel's earnings are not until next Wednesday, but whatever it is that CEO Pat Gelsinger plans to discuss … | Andrew Hayward / Decrypt: |
The Metaplex Foundation, developer of an NFT protocol behind 5.7M+ minted Solana NFTs, raises $46M with Michael Jordan and Allen Iverson among 90+ investors — The protocol that powers millions of Solana NFTs finds prominent backers as it looks towards the metaverse and beyond. — In brief| Lucy Harley-Mckeown / The Block: |
The UK government will increase its scrutiny of crypto advertising, bringing the marketing in line with other financial promotions, to avoid “misleading claims” — Quick Take — HM Treasury said it would ramp up scrutiny of crypto advertising in the UK.| Hannah Murphy / Financial Times: |
Analysis: Meta has filed dozens of patents to monetize its metaverse, including a virtual store with sponsored items, eye and face tracking in headsets, more — Meta hopes to use tiny human expressions to create virtual world of personalised ads — Pupil movements, body poses and nose scrunching … | Ashley Rodriguez / Insider: |
Social Capital founder and CEO Chamath Palihapitiya says the “ugly truth” is “nobody cares about what's happening” to Uyghurs in China, himself included — - Chamath Palihapitiya said “nobody cares about what's happening” to Uyghur Muslims in China.| Alexandra Alper / Reuters: |
Sources: the US government is reviewing Alibaba's cloud business to determine potential national security risks, with a focus on how it stores US clients' data — The Biden administration is reviewing e-commerce giant Alibaba's cloud business to determine whether it poses a risk to U.S. national security …
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| Cho Mu-Hyun / ZDNet: |