Techmeme
November 13, 2017, 10:50 AM

Top News

Qualcomm:
Qualcomm's Board of Directors unanimously rejects Broadcom's unsolicited $103B offer  —  Qualcomm Incorporated (NASDAQ: QCOM) ("Qualcomm" or the “Company") today announced that its Board of Directors unanimously rejected the unsolicited proposal announced by Broadcom Limited ("Broadcom") on November 6, 2017.
Fred Wilson / AVC:
Eric Newcomer / Bloomberg:
Sources: Uber-SoftBank deal to see investors buying $1B of Uber shares at current valuation, proceed with $9B tender offer for secondary shares in coming weeks  —  Uber moves closer to selling up to $10 billion in shares  —  Benchmark agrees to put suit against Uber co-founder on hold
Katie Roof / TechCrunch:
Uber says it's entered into an agreement with a consortium led by SoftBank and Dragoneer on a potential investment  —  The paperwork's done!  The long-anticipated SoftBank Group investment into Uber has been agreed upon, a spokesperson confirms to TechCrunch.  —  We've been provided the following statement.
New York Times:
Inside NSA's Tailored Access Operations group and the investigation into Shadow Brokers, a hack of NSA now considered much more damaging than Snowden leak  —  A serial leak of the agency's cyberweapons has damaged morale, slowed intelligence operations and resulted in hacking attacks on businesses and civilians worldwide.
David Z. Morris / Fortune:
Bitcoin Cash's market cap is up 130%+ in 2 days to about $26B, briefly overtaking Ethereum's, and Bitcoin Cash's hashrate has surpassed Bitcoin's  —  The cryptocurrency market is experiencing a complex shakeup this weekend, with a recently created digital token called Bitcoin Cash (BCH) …
Stan Higgins / CoinDesk:
Mining begins of Bitcoin Gold, a fork of Bitcoin that aims to thwart specialized mining chips  —  The newest fork of the bitcoin blockchain is officially live after a rocky start.  —  Developers for the project, dubbed bitcoin gold, published software for the breakaway cryptocurrency today, releasing the code on GitHub as well.
Ingrid Lunden / TechCrunch:
As part of a broader effort to diversify its revenue streams outside of streaming, Spotify is now selling beauty products through its partnership with Merchbar  —  Spotify, the $16 billion digital music “startup” that is hotly tipped for an IPO, continues to lay the groundwork to diversify its platform beyond basic streaming.
Aliya Ram / Financial Times:
UK-based Graphcore, maker of machine learning chips, has raised $50M from Sequoia Capital  —  UK chipmaker Graphcore has raised $50m from Sequoia Capital, one of Silicon Valley's top venture capital firms, as the start-up angles to become Britain's biggest maker of artificial intelligence hardware.
Scott Shane / New York Times:
YouTube decided to treat jihadist recruiter Anwar al-Awlaki as it treats terrorist organizations, removing most of his videos, including his mainstream lectures  —  WASHINGTON — For eight years, the jihadist propaganda of Anwar al-Awlaki has helped shape a generation of American terrorists …
Christina Larson / Foreign Policy:
Facebook, blamed for unintended consequences of the service in nations like Myanmar, says “product and integrity research team” is headed to SE Asia this month  —  Zuckerberg needs to stop courting Beijing and start paying attention to the countries where Facebook matters.

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Jon Russell / TechCrunch: