Techmeme
May 12, 2015, 10:30 AM

Top News

Verizon:
Verizon to acquire AOL at $50 per share at an estimated total value of $4.4B, Tim Armstrong to continue leading AOL operations  —  Verizon to Acquire AOL  —  Deal Creates Unique and Scaled Digital Media Platforms for Consumers, Advertisers and Partners  —  NEW YORK - Taking another significant step …
Ingrid Lunden / TechCrunch:
Internal memo from AOL CEO Tim Armstrong on Verizon takeover  —  In Big Content Push, Verizon Buys AOL For $4.4B [Internal Memo From AOL CEO Tim Armstrong]  —  So this just happened.  AOL, owner of TechCrunch, is getting acquired: U.S. carrier Verizon said in a statement that it is buying …
Fred Imbert / CNBC:
Verizon to buy AOL for $4.4 billion, AOL stock up more than 17% in pre-market trading  —  Verizon to buy AOL for $4.4 billion  —  Telecom giant Verizon announced Tuesday it will be buying AOL for $50 per share, or about $4.4 billion.  —  The transaction will take the form of a tender offer followed …
Peter Kafka / Re/code:
Warner Music Says Streaming Revenue Has Passed Downloads  —  Here's another sign that the music industry has shifted from selling songs to selling subscriptions: Warner Music Group says that last quarter, streaming music revenue passed revenue from selling downloads.
Chris Urmson / Backchannel:
Google's self-driving car head says after 1.7M miles, just 11 minor accidents have resulted, none Google's fault  —  The View from the Front Seat of the Google Self-Driving Car  —  After 1.7 million miles we've learned a lot—not just about our system but how humans drive, too.
Justin Pritchard / Associated Press:
Periscope / Medium:
Periscope update adds an option to sign up without a Twitter account using your phone number  —  Six Weeks In  —  The past six weeks have been unforgettable.  Thank you for your global perspective, for your thoughtful feedback, and inspiring ideas.  We've shipped three updates since our last blog post …
Brendan Klinkenberg / BuzzFeed:
Instagram says it erred in shutting down The Shade Room, a TMZ-style publication that had 700k followers  —  Instagram Says Shutting Down The Shade Room Was A Mistake  —  The social photo sharing service says it wrongly removed The Shade Room account, but refuses to elaborate.
Emily Guendelsberger / Philadelphia City Paper:
Reporter goes undercover as Uber driver, makes $9.34/hour, notes orientation video just 13 minutes  —  I was an undercover Uber driver  —  Two good-looking young strangers are having an amazing conversation in the backseat of my car.  I'm eavesdropping so hard I nearly run a red light.
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Earlier Picks

Sarah Perez / TechCrunch:
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