Techmeme
July 24, 2017, 12:50 PM

Top News

Terri Cullen / CNBC:
KKR's Internet Brands to acquire WebMD in $2.8B deal, for $66.50 per share, which is a 20% premium to Friday's closing price  —  - Prior to the acquisition WebMD ran a five-month auction and solicited bids from more than 100 companies and private-equity firms.
Jon Russell / TechCrunch:
Grab raises $2B from SoftBank and Didi Chuxing, which says the round could expand by $500M, to help defeat Uber in SE Asia; source: Grab valuation now over $6B  —  Grab, the ride-hailing company competing with Uber in Southeast Asia, has pulled in $2 billion of new financing …
Bloomberg:
Microsoft designs new AI chip for next version of HoloLens, which will let mixed reality goggles recognize speech and images on device instead of the cloud  —  New HoloLens processor will let mixed reality goggles recognize speech and images  —  Tech companies are keen …
Samuel Gibbs / The Guardian:
Microsoft Paint, first released with Windows 1.0 in 1985, to be “removed or deprecated” in the Windows 10 Fall Creators Update; Paint 3D to remain  —  Long-standing basic graphics editing program, used throughout childhoods since the 1980s, has been marked for death
Alyssa Hertig / CoinDesk:
As BIP 91 activates, paving the way for scaling of Bitcoin, Jeff Garzik, lead developer of the SegWit2x network upgrade, talks about what's next for Bitcoin  —  Jeff Garzik has been accused of a lot of things of late.  —  Since taking the lead on turning the Segwit2x scaling agreement into code …
Paula Dwyer / Bloomberg:
Some economists say US tech giants are becoming harmful monopolies, need to be broken up; regulators need to consider alternatives to classic antitrust theory  —  Apple, Amazon, Google, and Facebook may be contributing to the U.S. economy's most persistent ailments.
Tom Hancock / Financial Times:
BingoBox already has more than a dozen Amazon Go-like unmanned shops open in China, plans to have almost 200 more by the end of August  —  Wide use of mobile payments propels country's vendors past the likes of Amazon Go  —  Read next … Like other convenience stores across China …
Casey Newton / The Verge:
Instagram is pushing restaurants to be kitschy, colorful, and irresistible to photographers  —  When it came time to design their first restaurant, Media Noche, San Francisco entrepreneurs Madelyn Markoe and Jessie Barker found themselves lacking inspiration.

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TechCrunch Disrupt SF:
Catch the founder & CEO of Revolut at Disrupt SF  —  Nikolay Storonsky took his company from a $350 million valuation to a $1.7 billion valuation in under six months.  Hear how he did it at Disrupt SF this September.

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Zoe Kleinman / BBC: