Techmeme
July 13, 2017, 9:35 PM

Top News

Mark Gurman / Bloomberg:
Sources: Facebook plans to unveil a $200 standalone wireless Oculus VR headset for 2018, which will be more compact than the Rift and lighter than Gear VR  —  The new device will work without being tethered to phone or PC  —  Company bets gadget will popularize VR as Apple did smartphone
Eric Newcomer / Bloomberg:
Uber and Yandex merge ride-sharing services in Russia in $3.7B joint venture; Yandex will invest $100M for a 59.3% stake, Uber will invest $225M for 36.6% stake  —  Yandex to take controlling stake in new combined venture  —  Deal marks Uber's second major global retreat after China
Chris Baraniuk / BBC:
UK-based luxury phone-maker Vertu to be liquidated after plan to save it failed; 200 will be laid off  —  A British-based company that made smartphones costing thousands of pounds will be liquidated after a plan to save it failed.  —  Vertu was known for its high-end, jewel-encrusted handsets …
Maureen Farrell / Wall Street Journal:
Sources: Roku has hired IPO underwriters, and one source says it may file confidentially in the next few weeks, seeking a valuation of ~$1B  —  Streaming media player maker said to be seeking a valuation of roughly $1 billion  —  Roku Inc., which makes streaming media devices and software …
Tony Romm / Recode:
Net neutrality Day of Action organizers estimate at least 10M saw Wednesday's protest, with over 2M submitting comments to the FCC  —  Organizers say they reached more than 10 million users, but some of the largest tech companies seemed to hold back.  —  Facebook, Google, Twitter and other companies …

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