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November 12, 2018, 10:25 AM
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WeSmirchTop News
| Dan Primack / Axios: |
SAP announces it will buy user experience management platform Qualtrics, which had planned to go public later this month, for $8B — SAP on Sunday night announced that it will purchase Qualtrics, a U.S.-based maker of survey software that had been expected to go public this week, for $8 billion in cash,
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SAP News Center, TechCrunch, The Register, CNBC, Stratechery, Telegraph, Sequoia Capital, SiliconANGLE, Enterprise Times, VentureBeat, Business Insider, Silicon Valley Business …, ZDNet, Business Insider, and CNBC
Tweets: @qualtrics, @eladgil, @profcarroll, @adamsinger, @mdudas, @robertgehrke, @villi, @casey__allen, @annbordetsky, @sequoia, and @schreier
| Bloomberg: |
Profile of Qualtrics CEO Ryan Smith, who resisted taking VC money for over a decade before finally agreeing to deals with Accel and Sequoia Capital — - SAP is paying $8 billion in cash for Ryan Smith's Qualtrics — Utah-based software company had been planning to go public
More:
Fortune. Tweets: @carnage4life, @trengriffin, @alexrkonrad, @paulg, and @paulg. Thanks:@pelstrom
| Alex Konrad / Forbes: |
Qualtrics had 2017 revenue of $289.9M; with the $8B acquisition, Accel and IVP's stakes are each worth $1B+, and the Smith family's stake is ~$2.6B after taxes — Utah-founded cloud unicorn Qualtrics was set to have one of tech's most hotly-anticipated initial public offerings this week.| Yonhap News Agency: |
Sources: Samsung to launch the flagship Galaxy S10 in February, Galaxy S10 with 5G support and its foldable phone called Galaxy F in March — Samsung Electronics Co. plans to launch its first foldable smartphone in March, along with a fifth-generation (5G) network-powered Galaxy S10, industry sources said Monday.| Wall Street Journal: |
A look at the tug of war between the data driven tech team and the relationship-oriented Hollywood team at Netflix — As the company plunges deeper into originals, its L.A. wing is doing the once-unthinkable: overriding the metrics — Netflix Inc.'s executives were torn.
Tweets: @ledgerstatus, @memles, @wsj, @asharma, @sub8u, @memles, @memles, @wsj, @memles, @trevornoren, and @filmmakermag
| Lucas Shaw / Bloomberg: |
Netflix execs talk about plans to boost international growth, want to experiment with lower-priced subscriptions in countries with lower per-capita income — - Streaming service wants to experiment with prices, CEO says — Service has announced 17 new shows from five Asian countries| Kurt Wagner / Recode: |
Sources: Imran Khan, formerly second-in-command at Snap, is working on a new e-commerce startup due to launch next year — Khan plans to launch a new shopping platform in 2019. — Imran Khan, who spent the past four years as the top business executive at Snapchat's parent company, Snap … | Josh Constine / TechCrunch: |
Clearbanc, which provides $5K to $10M loans to startups for online marketing in exchange for revenue share, says it has raised $70M in seed and Series A rounds — Selling equity to buy Facebook and Google ads is a bad deal for startups. Clearbanc offers a fundraising alternative.
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Globe and Mail, BetaKit, and SYS-CON MEDIA
| Reuters: |
Regulatory filing shows SoftBank Group seeks to raise ~$21B in an IPO for its Japanese mobile telecom unit on December 19 on the Tokyo Stock Exchange — TOKYO (Reuters) - SoftBank Group Corp's domestic telecoms unit on Monday received approval to list on the Tokyo Stock Exchange …
More:
Bloomberg, Financial Times, Business Insider, Wall Street Journal, and Axios
| Eliot Brown / Wall Street Journal: |
Report: 1,594 US startups received initial VC funding in the first 9 months of 2018, down 40% from 2015, while median seed round was $2M, ~4X the 2013 average — The result is a big increase in the size of some early-stage investments and valuations — It has been a fast ride … | Sarah E. Needleman / Wall Street Journal: |
A look at nascent efforts to stream video games, as latency seems set to drop even lower with the proliferation of data centers and 5G rolling out — By making game consoles unnecessary, streaming could dramatically broaden the videogame market — Technology giants are trying to bring …
Tweets: @saraheneedleman
| Romain Dillet / TechCrunch: |
Facebook agrees to cooperate with France in an informal examination of its content moderation practices and give government access to its internal processes — Facebook and the French government are going to cooperate to look at Facebook's efforts when it comes to moderation.
Tweets: @romaindillet
| CoinDesk: |
A look at the heated debate raging in the Bitcoin Cash community ahead of the contentious hard fork that may split the cryptocurrency's blockchain on Nov. 15 — “Do not come crying when you are bankrupt.” — Lobbed at those bitcoin cash enthusiasts supporting Bitcoin ABC …
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Bitfinex blog, Circle, The Block, CCN, poloniex.freshdesk.com, CryptoGlobe, Bitcoinist.com, Bitsonline, Trustnodes, Financial Times, CCN, CCN, CCN, CryptoGlobe, Trustnodes, CoinDesk, Bitsonline, SludgeFeed, BitcoinExchangeGuide, The Block, Bitsonline, ETHNews, NewsBTC, CryptoGlobe, CoinSpeaker, Coingeek, CoinSpeaker, Trustnodes, Trustnodes, Decrypt Media, NewsBTC, Bitcoinist.com, SludgeFeed, Trustnodes, and Coinjournal
Tweets: @poloniex, @proffaustus, @pt, @whalepanda, @zooko, @ljxie, @alistairmilne, and @el33th4xor
| Paul Sawers / VentureBeat: |
Framer, an Amsterdam-based UI prototyping platform, raises $24M Series B led by Atomico, with Accel and AngelList participating — Dutch design prototyping startup Framer has raised $24 million in a series B round of funding led by Atomico, with participation from Accel and AngelList.
More:
TechCrunch and Tech.eu
| Arjun Kharpal / CNBC: |
Alibaba sold $30.8B worth of goods during the 24-hour Singles' Day shopping event, topping the 2017 Singles Day sales of $25.3B — - Singles Day got off to a strong start with sales hitting $1 billion in one minute and 25 seconds. — Alibaba on Sunday tore through last year's Singles Day sales record …
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CNBC, New York Times, Bloomberg, Alizila.com, TechCrunch, TechNode, Engadget, Neowin, The Verge, ZDNet, Telegraph, Bloomberg, PYMNTS.com, Cult of Mac, TechCrunch, Business Wire, CNET, Ad Age, Business Wire, Bloomberg, BBC, ecns, WWD, Mashable, TechCrunch, South China Morning Post, Reuters, Fortune, Firstpost, ABC News, Axios, CNN, The Business of Fashion, The Verge, and Tech in Asia
Tweets: @shiraovide, @arjunkharpal, @jonrussell, @jonrussell, @danheld, and @option_snipper
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