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Techmeme
July 19, 2016, 3:10 AM
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Top News

Financial Times:
SoftBank agrees to acquire ARM Holdings for £24.3B at £17 per share, a 43% premium over last week's closing price  —  Japan's SoftBank has agreed to acquire Arm Holdings, the UK's pre-eminent technology company, for £24.3bn in an enormous bet by the Japanese telecoms group …
Jim Dalrymple / The Loop:
Apple addresses song matching and auto-deletion issues by incorporating iTunes Match's audio fingerprint feature into Apple Music  —  Apple begins rolling out iTunes Match with audio fingerprint to Apple Music subscribers  —  One of the biggest complaints about Apple Music over the past year …
Reuters:
Chinese consortium to acquire Opera's browser and other businesses for $600M, except for ad, marketing, TV, and game-related operations  —  A $1.2 billion takeover of Opera Software by a group of Chinese internet firms fell through on Monday after failing to get regulatory approval in time …
Harrison Weber / VentureBeat:
Netflix Q2: international net subscribers 1.5M versus its forecast of 2M, misses on quarterly revenue with $2.11B; stock down 15%+  —  Netflix now has 83.18 million subscribers after adding just 160,000 subscribers in the U.S. and 1.52 million abroad last quarter, missing the modest expectations it set back in April.
Matt Lapsen / Xbox Wire:
$399 2TB Xbox One S arrives August 2, release date for other hard drive options to be announced  —  Last month, we revealed a new member of the Xbox One family, the Xbox One S. Today, we're excited to announce that the highly-anticipated 2TB Xbox One S launch edition will begin hitting shelves in select regions on August 2.
Aaron Souppouris / Engadget:
Sources: Google is working on a headset with a display that will offer AR features and does not require a phone or computer to power it  —  Yesterday Recode published an article suggesting Google has killed a VR project that would have directly competed with high-end headsets like the Oculus Rift.
James Phillips / The Official Microsoft Blog:
Microsoft debuts free preview of Microsoft Stream, a video sharing service for businesses, which will replace Office 365 Video as the de facto video experience  —  Video is one of the most powerful ways we connect, communicate and learn today - breaking down geographic boundaries and bringing …
Todd Spangler / Variety:
Yahoo Q2: $1.3B revenue, up 5% YoY, in line with expectations, $482M writedown on Tumblr; Mayer notes success in cutting costs as bid deadline hits  —  Yahoo, in the midst of final negotiations to sell itself, reported earnings in line with Wall Street's already lowered expectations …
Bloomberg:
GlaxoSmithKline starts using Apple's ResearchKit for a rheumatoid arthritis study, becoming the first drugmaker to use the framework for clinical research  —  Glaxo is the first drugmaker to use Apple's ResearchKit  —  Success of the trial will determine Glaxo's future adoption
Heather Somerville / Reuters:
Uber reaches 2 billion rides six months after hitting its first billion  —  Uber has completed more than 2 billion trips on its app, the company's chief executive said on Monday, a milestone that arrives just weeks after the ride service added another $4.7 billion to its warchest.
Brad Linder / Liliputing:
HP's Elite x3, a 6" Windows 10 Mobile phablet, ships August 29 for $699, $799 with Desk Dock, which lets you use UWP apps on a monitor with keyboard and mouse  —  As expected, HP's Elite x3 smartphone will be available in the US soon.  But it has a somewhat lower starting price than had been anticipated.

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From Mediagazer

Hanaa' Tameez / Nieman Lab:
More than 800 unionized USA Today staffers call on the company to dissolve its recently announced partnership with Palantir, citing “significant ethical issues”

Rob Bonta / Deadline:
California AG Rob Bonta says AGs' antitrust case is on antitrust grounds, not politics, and Paramount is “spearheading” a PR campaign to spin a false narrative

Todd Spangler / Variety:
Trump Media reports a Q2 net loss of $238.1M, vs. a net loss of $20M a year ago, on revenue of $1.7M, mainly due to non-cash losses, including on digital assets

More News

Rachael King / Wall Street Journal:
IBM beats expectations as Q2 revenue drops 2.8% to $20.24B, 17th straight quarterly decline

Earlier Picks

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