Techmeme
November 28, 2017, 11:50 AM

Top News

Eric Newcomer / Bloomberg:
Sources: SoftBank offers to buy secondary Uber shares at $48B valuation, 30% below Uber's recent $69B valuation, and will also invest $1B+ at $69B valuation  —  The price is 30% below Uber's last primary round, people say  —  A slate of investors has agreed to sell shares for the deal
Dan Primack / Axios:
WeWork agrees to acquire Meetup, the New York-based social network that helps organize offline meetings; source says deal is valued at ~$200M  —  WeWork has agreed to acquire Meetup, a New York-based social network that helps organize offline meetings around common interests.
Ingrid Lunden / TechCrunch:
Adobe: US Cyber Monday sales hit record-breaking $6.59B, with purchases on smartphones also breaking a record with $1.59B in sales  —  Cyber Monday is off to a flying start for online shopping in the US.  As of 7am Pacific, $840 million has been spent, up 16.9 percent on Cyber Monday 2016.
Danny Westneat / The Seattle Times:
A look at some of the plans submitted by 238 municipalities in Amazon's HQ2 contest, offering big tax breaks, free land, and special access to public resources  —  A review of some of the bids to woo Amazon's HQ2 to other cities and states shows it's not all about the money.
Canalys:
Canalys: VR headset shipments pass 1M for first time in Q3 with Sony, Oculus, and HTC taking the top three spots, shipping 490K+, 210K, and 160K respectively  —  Palo Alto, Shanghai, Singapore and Reading (UK) - Monday, 27 November 2017  —  Virtual reality headset shipments are showing no signs of slowing …
Noah Kulwin / VICE News:
YouTube says it has terminated 270+ accounts, taken down 150K+ videos, removed ads from ~2M videos over past week as it purges content that endangers children  —  For the second time in less than a year, major advertisers are fleeing YouTube after finding their ads were paired with offensive content — this time, directed at children.
Yimian Wu / China Money Network:
China's top on-demand trucking apps Huochebang and Yunmanman, both valued at $1B, have agreed to merge  —  After years of explosive growth, China's vast sharing economy is entering consolidation mode.  The latest merger news comes from Chinese Uber-like truck logistics leaders Yumanman and Huochebang …
More: Bloomberg

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