Techmeme
October 23, 2017, 11:50 AM

Top News

Bloomberg:
Cisco to buy telecommunications software company BroadSoft for ~$1.9B to expand further into software and cloud services  —  Cisco Systems Inc. agreed to buy BroadSoft Inc. for about $1.9 billion to expand further into software and cloud services.  —  Cisco will pay $55 a share in cash …
Dieter Bohn / The Verge:
Google ‘actively investigating’ reports of Pixel 2 XL screen burn-in  —  Bad to worse  —  Over the weekend, people with review units of the Pixel 2 XL began noticing a problem.  No, not the already-known issues of muddy color and grainy textures when viewed in low-light, but one that's potentially more worrisome: screen burn-in.
Darrell Etherington / TechCrunch:
Essential Phone price drops $200 to $499, a few months after its debut; current US customers get online credit toward other Essential purchases  —  Essential has an offer that's honestly very hard to refuse: The price of the Essential Phone (PH-1, going by technical model number), is now $200 cheaper, so $499 off-contract and unlocked.
Saqib Shah / Engadget:
Google rolls out “Pay With Google”, which lets Android users shop faster by using a debit or credit card setup previously on a Google service, like YouTube  —  As promised, Google is streamlining online purchases made through Android devices by rolling out Pay with Google.
Tom Dotan / The Information:
Sources: Snap badly overestimated demand for its Spectacles, has hundreds of thousands of unsold units in warehouses, either fully assembled or in parts  —  Snap badly overestimated demand for its Spectacles and now has hundreds of thousands of unsold units sitting in warehouses …
Kim Zetter / The Intercept:
Kaspersky offers source code and business operations for review by independent third parties after Russian spying claims  —  Responding to U.S. government suggestions that its antivirus software has been used for surveillance of customers, Moscow-based Kaspersky Lab is launching what it's calling …
Roger Cheng / CNET:
T-Mobile Q3 profit of $550M tops estimates on revenues of $10B; company skips earnings call amid Sprint merger rumors  —  The “Un-carrier” boasted another strong quarter, but everyone's just wondering when its deal with Sprint will go down.  —  Outspoken T-Mobile CEO John Legere is playing it low key this time.
Marc Hochstein / CoinDesk:
Abra raises $16M Series B led by Foxconn for its multi-currency digital wallet app  —  Bitcoin startup Abra has completed a $16 million Series B led by manufacturing giant Foxconn.  —  Announced today at the Money2020 conference in Las Vegas, the new capital brings Abra's total funding to more than $30 million.
Ingrid Lunden / TechCrunch:
Marketing activation platform ActionIQ raises $30M Series B led by Andreessen Horowitz, to give marketers better audience insights for more effective campaigns  —  The trend of using big data analytics to glean more targeted insights for your business continues to be democratized …
Heather Somerville / Reuters:
Large VC rounds from SoftBank, others contributed to slowdown in tech IPOs; just 12 VC-backed tech firms have IPOed in US in 2017 vs. 27 in same period in 2014  —  LAGUNA BEACH, Calif. (Reuters) - Big cash infusions for startups from an ever-expanding group of financiers, led by SoftBank Group Corp …

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