Techmeme
October 23, 2016, 4:30 PM

Top News

AT&T:
AT&T announces a half-stock, half-cash deal to acquire Time Warner, valuing the company at $85.4B  —  - New company with complementary strengths to lead the next wave of innovation in converging media and communications industry.  —Combination unlike any other …
Peter Kafka / Recode:
Why AT&T would want to buy Time Warner: content packaged with data connections, a shrinking DirecTV business, and competition with Verizon, Facebook, and Google  —  AT&T CEO Randall Stephenson is busy, so we'll answer for him.  —  More than 16 years ago, AOL bought Time Warner for $160 billion …
Brian Krebs / Krebs on Security:
Researchers: Friday's internet outage, caused by DDoS attack on DynDNS, was powered in part by a Mirai-based botnet of DVRs and cameras with XiongMai components  —  A massive and sustained Internet attack that has caused outages and network congestion today for a large number of Web sites …
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Sijia Jiang / Reuters:
Chinese tech giants bet on “Uber for bikes”: Ofo raised $130M, while MoBike raised $100M according to sources  —  China's tech industry giants are sloughing hundreds of millions of dollars into what they're betting will be the country's next big internet craze - ‘Uber for bikes’.
Matthew Monks / Bloomberg:
Sources: TD Ameritrade and Toronto-Dominion Bank to acquire Scottrade for $4B; announcement may come on Monday  —  Deal would combine two of the largest online brokerages  —  Toronto-Dominion Bank said to acquire banking operations  —  TD Ameritrade Holding Corp. and its largest stakeholder …
Kurt Wagner / Recode:
Tinder plans to double its workforce in the next 12-18 months and open a small satellite office in Silicon Valley, says CEO Sean Rad  —  Tinder is coming to Silicon Valley to recruit.  —  It's a match!  —  After spending its first four years exclusively in West Hollywood …
Harry McCracken / Fast Company:
David Bunnell, founder of PC Magazine, PC World, and Macworld, and a social activist, died Tuesday in Berkeley, CA, at age 69  —  The founder of PC Magazine, PC World, and Macworld was an entrepreneur who thought like a social activist.  —  In 1973, a former schoolteacher named David Bunnell got …

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Avery Hartmans / Business Insider:
Josh Constine / TechCrunch:
Julia Angwin / ProPublica: