Techmeme
March 13, 2017, 10:15 PM

Top News

Austen Hufford / Wall Street Journal:
Intel to buy Mobileye, maker of chip-based camera systems for semi-automated driving, for $15.3B at $63.54 a share, a 34% premium to its Friday closing price  —  Deal marks latest investment by a technology company in the future of self-driving cars  —  Intel Corp. on Monday said it struck …
Todd Spangler / Variety:
Marissa Mayer to get $23M severance package; Thomas McInerney, former CFO of Barry Diller's IAC, to take over as CEO of Altaba following Verizon deal close  —  Marissa Mayer, who is set to lose her job as Yahoo CEO following the closing of the Verizon acquisition of the internet company's operating businesses …
Micah Singleton / The Verge:
Pandora debuts premium on-demand music streaming service for $10 per month; invites will start rolling out to existing users March 15  —  Just over 15 months after Pandora acquired key assets from Rdio, and three months after it announced its plans, the company is ready to launch its full-fledged …
Allegra Frank / Polygon:
PlayStation Now's streaming library to expand with PlayStation 4 games this year, with a private beta rolling out in coming weeks to existing PS Now subscribers  —  PlayStation Now, Sony's game-streaming service for PlayStation 4 and Windows PC, will finally receive some more current games later this year.
Kate Conger / TechCrunch:
Under pressure from ACLU, Facebook updates its platform policies to explicitly prohibit devs from using Facebook or Instagram data in surveillance tools  —  In response to pressure from the American Civil Liberties Union, Color of Change and the Center for Media Justice …
Andrew Liptak / The Verge:
Google's Area 120 startup incubator debuts Uptime, a group video messaging app for iOS, currently invite only, that lets you watch and share videos with friends  —  Experiments!  —  Last year, Google opened a startup incubator called Area 120, which was designed to let employees us …
Matt Peckham / TIME:
Amid reports of Joy-Con sync issues and other problems, Nintendo says Switch has had “no widespread technical problems” since launch  —  Nintendo's new transformable game tablet, the Switch, has been in the wild for nearly a week (the hybrid TV/handheld launched on March 3 for $299).
Bloomberg:
Backlog of pending bitcoin transactions up 5x YoY, as some big miners back “Bitcoin Unlimited” upgrade plan, increasing likelihood of hard forking blockchain  —  ‘Bitcoin Unlimited’ gains support of world's largest miner  —  Opponents say move could split bitcoin into two currencies
Lauren Thomas / CNBC:
Airbnb CEO says the company is about halfway through a “two-year process” to go public  —  For Airbnb, going public has always been thought of as a “two-year process,” and the company is about halfway through that process, Chief Executive Brian Chesky said at a luncheon hosted by the Economic Club of New York on Monday.
Christopher Williams / Telegraph:
Exiled Turkish businessman Hakan Uzan buys niche luxury smartphone maker Vertu for $61.2M  —  The scion of an exiled and secretive Turkish business dynasty has bought the British smartphone maker Vertu, which targets the wealthy buyers with handsets costing up to £40,000.
Kim Zetter / The Intercept:
RAND study: 200 privately discovered zero-day flaws lasted an average of 6.9 years before public disclosure  —  A new report from Rand Corp. may help shed light on the government's arsenal of malicious software, including the size of its stockpile of so-called “zero days” …

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