Techmeme: SoundCloud in licensing talks with major labels, may give each revenue split and a 3-5% stake at $500-600M valuation (Adam Satariano/Bloomberg)

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July 11, 2014, 5:20 PM

Top News

Nicholas Carlson / Business Insider:

Rap Genius rebrands as “Genius”, raises $40M led by Dan Gilbert, and makes annotations embeddable — The Inside Story Of How Rap Genius Fired A Cofounder — And Just Raised $40 Million (Annotated!) — On May 23 of this year, things were finally coming together for Rap Genius.

More: TechCrunch and Valleywag. Tweets: @nichcarlson, @stevekovach, @nitashatiku and @dmccabe. Thanks:@mattlynley

Eva Dou / Wall Street Journal:

China's state broadcaster calls iPhone's location tracking a “national security concern” — China Calls iPhone a Security Risk — State-run China Central Television has labeled Apple's iPhone location-tracking feature a “national security concern,” in the latest backlash against U.S. technology companies.

David Drummond / Guardian:

Google's top lawyer describes challenges in implementing EU's Right To Be Forgotten, urges public debate — We need to talk about the right to be forgotten — After the European court ruling, we at Google want to encourage debate on where the public interest lies in restricting web searches

Adam Satariano / Bloomberg:

SoundCloud in licensing talks with major labels, may give each revenue split and a 3-5% stake at $500-600M valuation — SoundCloud Said to Near Deals With Record Labels — The largest record labels are closing in on a deal for a stake in buzzy digital-music service SoundCloud Ltd. …

More: VentureBeat, TorrentFreak, Gizmodo, Gigaom, Mashable, Plagiarism Today, RAIN News, Digital Music News and Engadget

Josh Lowensohn / The Verge:

Lyft hit with restraining orders from NY Attorney General, Taxi Commission — The service was set to give free rides to locals starting this week — The New York Attorney General and the Taxi and Limousine Commission filed temporary restraining orders against ridesharing company Lift today …

More: Betabeat, Fortune, Business Insider, Gothamist, Valleywag, Ars Technica, WebProNews, Turnstyle and Techdirt

Tweets: @katehinds and @adrjeffries

Bill Gurley / Above the Crowd:

How to Miss By a Mile: An Alternative Look at Uber's Potential Market Size — On June 18, Aswath Damodaran, a finance professor at NYU's Stern School of Business, published an article on FiveThirtyEight titled “Uber Isn't Worth $17 Billion.” This post was a shortened version of a more detailed post …

Amy Schatz / Re/code:

FCC Approves Controversial $2 Billion School Wi-Fi Plan — Schools will soon be able to apply for grants from a $2 billion fund to help pay for Wi-Fi networks in schools under a plan approved Friday by federal regulators. — The Federal Communications Commission voted to set aside funds …

More: The Verge, Ars Technica, PC World, Gigaom, TechCrunch, Washington Post, Electronista, SlashGear, Broadcasting & Cable and United States Senator …. Tweets: @officeofedtech

Greg Kumparak / TechCrunch:

Yahoo Acquires Video Streaming Platform RayV — Following rumors of talks going as far back as May, we'd been hearing whispers all morning that Yahoo had finally acquired the video broadcasting platform RayV. — Sure enough, it's just been made official.

More: Yahoo, The Next Web, Gigaom, CNET, Re/code, Fox Business and Mashable

Zac Hall / 9to5Mac:

Google Maps for iOS adds mapped search results and Gmail appointments, more — Google today updated its Maps application for iPhone and iPad to version 3.2 introducing new features and improvements. — The latest version of Google Maps now supports viewing search results with descriptions directly on the map view.

More: VentureBeat, The Next Web, MacRumors and iClarified

Steve Dent / Engadget:

Amazon sidesteps French ban on free shipping by charging a penny — France's “anti-Amazon” law prohibiting free shipping and discounts has now gone into effect, and Amazon quickly announced that it had conformed — technically. Though it no longer ships books for free, it only charges 0.01 euro …

More: The Digital Reader, France 24, Wall Street Journal, PandoDaily, Jean-Marc Liotier, GeekWire, VentureBeat, The Local, Business Insider, The Next Web and WebProNews

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