Techmeme

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Ethan Baron / Mercury News:
Former Autonomy CFO Sushovan Hussain indicted on felony fraud charges following HP's disastrous $11B acquisition of Autonomy   —  Hewlett Packard complained bitterly that it had been deceived in its disastrous $11 billion acquisition of enterprise software firm Autonomy in 2011.
Nov 12, 2016, 6:50 PMIn context
Marisa Kendall / Mercury News:
Shares of Coupa Software surged 85% in debut, closed at $33, valuing company at $1.6B   —  San Mateo — Coupa Software kicked off its first day trading on the public market with a bang Thursday, with shares ballooning to nearly twice their IPO price — and holding there through the morning.
Oct 6, 2016, 9:35 PMIn context
Marisa Kendall / Mercury News:
Nutanix closes up 131% on its first day of trading after raising $238M in an IPO, now valued at around $5B   —  SAN JOSE — Nutanix wowed the market on its first day of trading Friday, ending the day with shares trading at more than twice their initial public offering price.
Sep 30, 2016, 4:30 PMIn context
Marisa Kendall / Mercury News:
Nutanix sets $11 to $13 a share price range for IPO, aims to raise $209M at up to $1.8B valuation, down from last reported private valuation of $2B in 2014   —  San Jose — Setting the stage for what could be the largest venture-backed IPO of the year, San Jose-based Nutanix on Monday revealed plans …
Sep 20, 2016, 9:50 PMIn context
Queenie Wong / Mercury News:
New Facebook feature will allow US users to create fundraisers for nonprofits, available to some users Thursday, rolling out to all in coming weeks   —  MENLO PARK — Looking to strike an emotional chord with potential donors, some nonprofits are turning to Facebook users to help them raise money for worthy causes.
Jun 30, 2016, 11:15 PMIn context
Rex Crum / Mercury News:
Lending Club cuts 179 jobs, 12% of its workforce, and promotes interim CEO Scott Sanborn to permanent chief   —  SAN FRANCISCO — Embattled online loan marketplace Lending Club on Tuesday named a new chief executive and said it will cut 12 percent of its workforce as it deals with the continued fallout …
Jun 28, 2016, 9:50 PMIn context
Marisa Kendall / Mercury News:
Twilio sets price range for 10M shares at $12 to $14 for its IPO, valuing company at around $1B, close to its latest private round   —  SAN FRANCISCO — Cloud communications company Twilio is poised to end Silicon Valley's tech IPO drought next week with a $130 million market debut.
Jun 20, 2016, 3:15 AMIn context
Ethan Baron / Mercury News:
Bay Area tech layoffs more than doubled in first four months of 2016 to 3,135 compared to same period in 2015   —  In yet another sign of a slowdown in the booming Bay Area economy, tech layoffs more than doubled in the first four months of this year compared to the same period last year.
May 12, 2016, 10:05 PMIn context
Rex Crum / Mercury News:
Hong Kong's VTech to acquire LeapFrog, maker of electronic educational toys, for $72M   —  LeapFrog jumps to be acquired by VTech for $72 million  —  EMERYVILLE — LeapFrog Enterprises, the maker of well-known electronic educational toys for children, said Friday it has agreed to be acquired …
Feb 8, 2016, 12:50 PMIn context
Pete Carey / Mercury News:
Oracle building new facility for Design Tech High School, a free public charter school, on its campus in Redwood City, slated to open fall 2017   —  Oracle to build high school at its headquarters campus  —  REDWOOD CITY — Oracle said Tuesday it will build a home on its corporate campus …
Oct 28, 2015, 10:55 AMIn context

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