Techmeme
August 5, 2014, 9:10 PM

Top News

Wall Street Journal:
Sprint Abandoning Pursuit of T-Mobile  —  Sprint Corp. is ending its pursuit of T-Mobile US Inc., according to people familiar with the matter.  The company and its parent, SoftBank Corp. decided it simply would be too difficult to win approval from regulators, the people said.
Alex Sherman / Bloomberg:
Sprint to replace CEO Dan Hesse as soon as tomorrow  —  Sprint Said to End T-Mobile Talks, Plans to Name New CEO  —  Sprint Corp. (S) has ended talks to acquire T-Mobile US Inc. (TMUS), a person with knowledge of the matter said, after talks reached an impasse amid disagreements over financing and a drop-dead date for a merger.
Steve Kovach / Business Insider:
T-Mobile's stock down as much as 9% after hours, Sprint down as much as 16%, following breakdown of merger talks  —  The Sprint And T-Mobile Mega Merger Is Dead And Both Stocks Are Tanking  —  Sprint has abandoned its plans to buy T-Mobile, The Wall Street Journal and others are reporting.
Ina Fried / Re/code:
Sprint to name Marcelo Claure, board member and head of Brightstar, as its new CEO  —  Exclusive: Sprint to Name Brightstar's Marcelo Claure as CEO  —  Sprint plans to name Marcelo Claure, one of its board members and head of wireless distributor Brightstar, as its new CEO, Re/code has learned from a number of sources.
More: CNET
New York Times:
Russian gang holds 1.2B username/password combos, stolen from 420K vulnerable websites scanned via botnet, say security researchers  —  Russian Gang Said to Amass More Than a Billion Stolen Internet Credentials  —  A Russian crime ring has amassed the largest known collection …
CNBC:
Apple touts record App Store revenue, record number of customers making transactions in July  —  Apple says July was record-setting month for app store revenue  —  Apple's app store saw record-setting revenue numbers in July, the company told CNBC.  The Cupertino-based company …
Euan Rocha / Reuters:
BlackBerry completes restructuring process, expects to start recruitment in “modest numbers”  —  BlackBerry closes chapter on restructuring process : internal memo  —  (Reuters) - BlackBerry Ltd has concluded a protracted and painful restructuring process and is back on a growth footing …
John Paczkowski / Re/code:
Apple to hold iPhone event on Sept. 9  —  Code/red: Apple to Hold iPhone Event on Sept. 9  —  New iPhones to Suck All the Air Out of the Tech News Cycle on Sept. 9 Onstage at our inaugural Code conference earlier this summer, Apple SVP Eddy Cue described the company's fall product pipeline …
Emil Protalinski / The Next Web:
Justin.tv shuts down after 7 years amid reports Google is acquiring Twitch  —  Twitch today announced that the Justin.tv website, mobile apps, and APIs are no longer in service.  A very simple explanation is given for the shutdown: since rebranding the company to Twitch Interactive in February 2014 …
Bloomberg:
IBM offered to pay Globalfoundries $1B to take IBM's chip-manufacturing business  —  IBM Said to Have Offered GF Cash to Take Over Chip Unit  —  International Business Machines Corp. (IBM) was willing to pay Globalfoundries Inc. to take on IBM's money-losing chip-manufacturing operations …
Wall Street Journal:
T-Mobile Rejects Iliad's Request For Information  —  Wireless Carrier Said to Consider French Company's $15 Billion Bid ‘Dead On Arrival’  —  T-Mobile US Inc. denied Iliad SA 's request to open its books after determining that the French company's proposed $15 billion bid isn't attractive enough, people familiar with the matter said.
More: CNET and BGR
Rich Trenholm / CNET:
LG G3 Stylus leaks in official video, takes on Galaxy Note with big screen and pen  —  An official video reveals the as-yet-unannounced phablet-sized spin-off from LG's flagship smartphone.  —  The LG G3 Stylus, on the right, alongside its stablemates the G3 and G3 Beat.

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Roberto Baldwin / The Next Web: