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August 2, 2016, 7:30 AM
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| Eric Newcomer / Bloomberg: |
Didi Chuxing acquires Uber China; Uber China investors get a 20% stake of the combined business, which sources say has a $35B valuation — Uber Technologies Inc. will merge its China business with Didi Chuxing, the dominant ride-hailing service in the country, according to people familiar with the matter.
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Uber Global, MacRumors, SFist, Wall Street Journal, Recode, TechCrunch, Wall Street Journal, CNBC, Quartz, SiliconANGLE, Guardian, Reuters, TIME, Howard Lindzon, Forbes, International Business Times, The Verge, CNET, Business Insider, Fortune, TechCrunch, Recode, Upstart Business Journal, Mashable, The Daily Caller, MobileSyrup.com, VatorNews, Tech Times, Refinery29, Daring Fireball, Patently Apple, Wired, iDownloadBlog.com, PC Magazine, Vanity Fair, ITworld.com, New York Magazine, Socialnomics, AppleInsider, Associated Press, TechSpot, iLounge, TechNode, The Register, 9to5Mac, GeekTime, Ubergizmo, Cult of Mac, Digital Trends, The Information, Peter O'Kelly's Reality Check, silicontap.com and The Loop
Tweets: @shervin, @howardlindzon, @nytimesbusiness, @nytimesbusiness, @china, @danprimack and @paulmozur
Thanks:@davemcclure| Didi Chuxing: |
Didi Chuxing to acquire UberChina — Combined resources to promote healthy development of the rideshare industry — Didi Chuxing today announced a strategic agreement with Uber under which Didi Chuxing will acquire all assets of UberChina—including its brand,business operations and data—for operation within mainland China.
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Reuters, Fortune, Travis Kalanick, Bloomberg, TechCrunch, New York Times, eWeek, Business Insider, Computerworld, Washington Post, TechnoBuffalo, CNET, The Mac Observer, iPhone in Canada Blog, MacDailyNews, Forbes, TIME and Guardian
Tweets: @mikeisaac, @dkthomp and @mikeisaac
| Wall Street Journal: |
Didi's acquisition of Uber China and $1B investment in Uber leaves the future of Lyft's alliance with Didi in doubt — Lyft sees ally Didi team with its biggest rival, which is now no longer burdened by China — Uber Technologies Inc.'s retreat from China creates ripples in its second-biggest market … | Ingrid Lunden / TechCrunch: |
Salesforce buys word processing app Quip, sources say for $750M — Salesforce is continuing its buying spree to expand the services that it offers to its customers. The company has just announced that it is acquiring Quip, the cloud-based word processing app that was co-founded by Bret Taylor, formerly CTO of Facebook.
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Quip Blog, SiliconANGLE, eWeek, Business Insider, The Register, GeekWire, Mashable, Forbes, Business Insider, PCWorld, Reuters, Wall Street Journal, VentureBeat, ZDNet, Silicon Valley Business … and PE Hub Blog
Tweets: @hunterwalk, @btaylor, @stevesi, @buckymoore, @rrhoover, @besvinick, @anshublog, @harrymccracken, @semil, @om, @davezatz, @bgurley, @btaylor and @johnolilly
| Jordan Kahn / 9to5Mac: |
IDC: global tablet market down 12.3% YoY to 38.7M units; Apple marketshare increases to 25.8% despite iPad sales declining 9.2% YoY — According to the latest data from IDC out today, Apple continued its lead of the worldwide tablet market in Q2 despite a decline in overall sales.| Jacob Kastrenakes / The Verge: |
Washington state sues Comcast for $100M+, saying customers paid $73M for “near-worthless” protection plan over 5 years, had their credit unnecessarily checked — Comcast is being sued for more than $100 million by Washington state, which claims that the cable giant illegally deceived customers … | Adi Robertson / The Verge: |
New York's correctional dept., at Gov. Cuomo's behest, makes playing online games a parole violation for sex offenders, spurred by report on Pokémon Go usage — At the direction of Governor Andrew Cuomo, New York's correctional department has made playing online games a violation … | Alex Kantrowitz / BuzzFeed: |
Less than 6 months after joining, Twitter VP of communications Natalie Kerris is leaving the company — Natalie Kerris, who joined Twitter as its VP of communications in February, is leaving the company, BuzzFeed News has learned. Leslie Berland, Twitter's chief marketing officer …
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Recode, CNET, 9to5Mac, CNBC, Business Insider, Breitbart and SiliconBeat
Tweets: @chillmage and @edmundlee
| Peter Sterne / Politico: |
Gawker Media founder Nick Denton files for Chapter 11 personal bankruptcy protection; in tweet, he says his colleagues will be “freed” from Thiel's “vendetta” — Denton's bankruptcy comes as a result of Hulk Hogan's lawsuit against Gawker
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Fortune, Reuters, New York Daily News, Agence France-Presse, Business Insider, Law360, Silicon Valley Business …, Variety, CNET, Mashable, New York Magazine and The Daily Caller
Tweets: @nicknotned, @nicknotned, @nicknotned, @mlcalderone, @mtracey, @pandaonwheels, @anildash and @dangillmor
See also Mediagazer| Ingrid Lunden / TechCrunch: |
Verizon buys Fleetmatics, provider of SaaS GPS and logistics products, for $2.4B in cash — Hot off the heels of its acquisition of Yahoo last week for $4.8 billion, today Verizon announced another huge purchase: it's buying Fleetmatics, a telematics company based out of Dublin, Ireland … | Reuters: |
Judge voids VirnetX's $625.6M patent infringement verdict in case against Apple, says it was unfair that two lawsuits were combined in one trial; new trials set — A federal judge has thrown out a verdict requiring Apple Inc (AAPL.O) to pay VirnetX Holding Corp (VHC.A) …
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MacRumors, 9to5Mac, SlashGear, SiliconBeat, CNET, AppleInsider, iPhone Hacks, iLounge, iDownloadBlog.com, Patently Apple and Pocketnow. Tweets: @stevesi
| Sean Hollister / CNET: |
Niantic updates Pokémon Go to remove a notoriously glitchy Pokémon proximity tracking feature, angering many fans that it wasn't simply fixed — Some players are even asking for refunds — and getting them. — César Salza / CNET — It seemed like Pokemon Go's Friday update …
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The Verge, Business Insider, Kotaku, Engadget, Kotaku, Ubergizmo, DualShockers, TouchArcade, Android Central, TechCrunch, GoNintendo, Tom's Guide, iPhone in Canada Blog, TechnoBuffalo and Forbes. Tweets: @kotaku
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