Techmeme
July 28, 2017, 4:35 PM

Top News

Stipe / Nokiamob:
As part of patent settlement, Nokia received upfront cash payment of €1.7B from Apple, Finnish company discloses during its earnings call  —  In today's financial results, Nokia mentioned that it had increased cash inflow thanks to an “up-front cash payment of approximately EUR 1.7 billion …
Bloomberg:
Huawei CEO confirms full-screen display on upcoming Mate 10, as company reports Q2 results, and says it is giving up on very low-end devices  —  It aims to ship as many as 150 million smartphones in 2017  —  The Chinese firm chalked up $42 billion in first-half revenue
Amazon.com:
Yoolim Lee / Bloomberg:
Expedia leads $400M round for Indonesian travel site Traveloka by contributing $350M; source says Traveloka is now valued at $2B  —  Traveloka Holding Ltd. raised $400 million in a funding round led by Expedia Inc. that conferred a $2 billion valuation on Indonesia's largest online travel startup …
Ingrid Lunden / TechCrunch:
Amazon reportedly acquired GameSparks, a startup that helps developers add cloud-based features to games, for $10M  —  Amazon and its enterprise cloud division AWS have been making a number of moves to expand the company as a platform to build and host games.
AltspaceVR Inc:
AltspaceVR, a social platform for virtual reality, to shut down August 3 due to “unforeseen financial difficulties”  —  It is with a tremendously heavy heart that we let you all know that we are closing down AltspaceVR on August 3rd, 7PM PDT.  The company has run …

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