Techmeme
July 24, 2017, 11:40 PM

Top News

Alphabet Investor Relations:
Alphabet Announces Second Quarter 2017 Results  —  Alphabet Inc. (NASDAQ: GOOG, GOOGL) today announced financial results for the quarter ended June 30, 2017.  —  “With revenues of $26 billion, up 21% versus the second quarter of 2016 and 23% on a constant currency basis …
Miguel Helft / Forbes:
Google CEO Sundar Pichai appointed to Alphabet board of directors as its 13th member  —  Google CEO Sundar Pichai, who has led the company for the past two years, is joining the board of directors of Alphabet, Google's parent company said on Monday.  —  The more represents a vote of confidence …
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
Mehedi Hassan / MSPoweruser:
Microsoft says MS Paint will be available on the Windows Store as a free standalone app in the future  —  Microsoft Paint has been in the news since yesterday when Redmond announced that the software is being deprecated with the upcoming Windows 10 Fall Creators Update.
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 …
Chris Kirkham / Wall Street Journal:
Expedia and Priceline boost inventory of home-rental options to challenge Airbnb, with Priceline Group's Booking.com upping vacation rental inventory by 50% YoY  —  Online travel giants are boosting inventory of home-rental options that can be booked similarly to a hotel, with just a few clicks

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