Techmeme
July 18, 2016, 5:00 PM

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 …
Nathan McAlone / Business Insider:
Netflix Q2: international net subscribers 1.5M versus its forecast of 2M; stock down 15%+  —  Netflix missed huge on both domestic and international subscriber additions in its Q2 earnings on Monday.  —  “We are growing, but not as fast as we would like or have been,” Netflix said in the letter to shareholders.
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 …
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.
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.
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.

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