Techmeme
April 11, 2017, 7:25 AM

Top News

Ina Fried / Axios:
Qualcomm responds to Apple suit over patent licensing and files countersuit including charge of limiting performance of Qualcomm modem chips in iPhone 7  —  Qualcomm formally responded to a lawsuit from Apple on Monday, rejecting the iPhone maker's claims and launching its own countersuit.
David Ingram / Reuters:
Facebook COO Sheryl Sandberg says company has 5M monthly advertisers, up from 3M in March 2016  —  Facebook Inc (FB.O) plans to announce on Monday that more than 5 million businesses are advertising on the social network each month and that it is updating its suite of ad services to try …
Chris Welch / The Verge:
LeEco calls off its $2B purchase of TV maker Vizio, instead forming “partnership” that brings Le app to some Vizio devices and Vizio products to China  —  LeEco is no longer buying Vizio.  Today the companies jointly announced that “the merger agreement to acquire Vizio will not proceed due to regulatory headwinds.”
Selina Wang / Bloomberg:
Source: LeEco missed its $100M US sales goal in 2016, generating less than $15M, will eliminate 175 of 475 jobs in US  —  Chinese tech firm falls far short of $100 million revenue goal  —  U.S. ambitions also hindered by collapse of deal to buy Vizio  —  Chinese technology conglomerate LeEco Inc …
More: Tech Times and Tech.pinionsTweets: @stevekovach
Ryan Lawler / TechCrunch:
Freestyle Capital has raised $90M for its fourth fund and promoted Jenny Lefcourt to general partner  —  Freestyle Capital has raised its fourth fund to invest in early-stage startups.  This time around the firm is increasing the fund size to $90 million and promoting Jenny Lefcourt to general partner.
Andrew E. Kramer / New York Times:
At FBI's request, Spain arrests a visiting Russian, Peter Levashov, who infosec experts say is an e-mail spam kingpin known as Peter Severa  —  MOSCOW — He refused to meet business associates in person and never talked on the phone, preferring instead to communicate via encrypted messaging services.
Bloomberg:
Sources: Comcast plans to debut an online video service offering hit shows from its NBCUniversal TV networks in the next 12 to 18 months  —  Service said to include NBC programs, perhaps SyFy, Bravo, USA  —  Regulatory restrictions hamstring cable giant until next year
Business Insider:
Sources: Magic Leap last spring quietly acquired game studio FuzzyCube Software, which had fewer than ten employees  —  Magic Leap is beefing up its ranks with artists and animators from an Oscar-winning studio and veteran game designer, in a sign that the $4.5 billion company believes content …
More: SlashGear

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