Techmeme
July 25, 2016, 3:05 PM

Top News

Yahoo:
Marissa Mayer says she plans to stay at Yahoo but does not specify for how long, in company wide email  —  Today is a big day for Yahoo! This is the email that I sent to Yahoos around the world today.  Given the interest around our journey to this point, I wanted to share more about today's announcement.
Verizon Communications Inc.:
Verizon confirms plans to acquire Yahoo's Internet business for $4.83B in cash; deal excludes some IP, stakes in Alibaba and Yahoo Japan  —  Transaction will create a new rival in mobile media technology reaching over 1B users* with an unrivaled roster of the world's most beloved brands
Ingrid Lunden / TechCrunch:
Yahoo's remaining assets to rebrand after sale to Verizon in 2017  —  One asset that Verizon will be getting as part of its $4.83 billion acquisition of Yahoo's core assets, which it did not specifically mention in its big announcement today, is Yahoo's (in)famous brand — main name, purple color and exclamation mark all included.
Daisuke Wakabayashi / Wall Street Journal:
Sources: Apple taps highly regarded hardware executive Bob Mansfield to oversee car project  —  Highly regarded executive helped bring to market many of Apple's signature products  —  Apple Inc. has tapped a highly-regarded senior executive who helped bring to market many of Apple's signature products …
Bloomberg:
Nintendo stock plummets after it warned on Friday that the financial impact of Pokémon Go will be limited  —  Shares can fall as much as 18 percent today, per exchange rule  —  Nintendo's U.S.-listed shares dropped 11 percent on Friday  —  Nintendo Co. shares plunged after the company …
CBS News:
FBI is investigating suspected Russian hack of DNC, which led to an email trove on Wikileaks  —  WASHINGTON — The FBI confirmed Monday that it's investigating the hack involving Democratic National Committee (DNC) emails.  —  “The FBI is investigating a cyber intrusion involving the DNC …
Ingrid Lunden / TechCrunch:
Security-as-a-service startup StackPath nabs $180M, 4 acquisitions including MaxCDN  —  A mass migration of IT services to the cloud, coupled with a huge growth of connected devices, has created a perfect storm for security breaches with some 400 million malware attacks identified last year alone according to IDC.

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TechCrunch Disrupt SF:
Catch the founder & CEO of Revolut at Disrupt SF  —  Nikolay Storonsky took his company from a $350 million valuation to a $1.7 billion valuation in under six months.  Hear how he did it at Disrupt SF this September.

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