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Google to acquire Fitbit at $7.35 per share in cash, valuing the company at about $2.1B — - The acquisition pits Alphabet against fellow tech giant Apple in the wearable fitness tracking space. — Google CEO Sundar Pichai speaks on stage during the annual Google I/O developers conference in Mountain View, California, May 8, 2018.| Alex Heath / The Information: |
Source: Facebook held talks to acquire Fitbit but wanted to pay roughly half of the $2.1B that Google eventually agreed to pay — Before Google reached a $2.1 billion deal to buy Fitbit, announced on Friday, Facebook held talks to acquire the smartwatch-maker, according to two people familiar with the situation.| Reuters: |
Sources: the Committee on Foreign Investment in the United States has launched a review of ByteDance's acquisition of Musical.ly — NEW YORK/BEIJING/WASHINGTON (Reuters) - The U.S. government has launched a national security review of TikTok owner Beijing ByteDance Technology Co's $1 billion acquisition … | Alex Sherman / CNBC: |
Sources: NBCUniversal is considering making its ad-supported Peacock streaming service free for everyone, with an ad-free tier available for subscribers — - NBC is considering giving away the ad-supported version of its streaming service Peacock for free to everyone, sources say.| BBC: |
Investigation finds domestic workers in Kuwait are bought and sold online through Instagram, promoted via hashtags, and other apps on Play Store and App Store — Drive around the streets of Kuwait and you won't see these women. They are behind closed doors, deprived of their basic rights … | Benjamin Mayo / 9to5Mac: |
Apple TV+ launches with nine original titles in 100+ countries for $4.99/month or $49.99/year with a one year free trial on the purchase of a new Apple device — After months of waiting, Apple's TV streaming service Apple TV+ is now live. You can start watching on any platform that offers … | Josh Constine / TechCrunch: |
In an earnings call, Mark Zuckerberg defends Facebook's political ads policy, estimates ads from politicians will be less than 0.5% of company's revenue in 2020 — As Jack Dorsey announced his company Twitter would drop all political ads, Facebook CEO Zuckerberg doubled-down on his policy of refusing to fact check politicians' ads.| @jack: |
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Adobe updates its Creative Cloud iOS app with 1,300 free fonts that can now be used by any iOS 13 app supporting custom fonts API — Today Adobe released an update to its Creative Cloud app on iPhone and iPad which introduced a set of thousands of fonts that can now be installed … | Josh O'Kane / Globe and Mail: |
Waterfront Toronto agrees to move forward on Alphabet Sidewalk's smart city proposal but with government control over data collection and limits on scale — Waterfront Toronto will move forward with a proposal for Sidewalk Labs to build a high-tech community on the city's waterfront … | Taylor Soper / GeekWire: |
Modus, a Seattle-based startup developing software to optimize title and escrow stage of home buying process, raises $12.5M Series A — Pete Flint knows a thing or two about real estate. He helped launch Trulia and later sold the real estate data platform to Zillow for $2.5 billion in 2015.| Washington Post: |
China's three state-backed wireless carriers launch 5G in some cities, ahead of original 2020 date; China Mobile aims to bring 5G to 50+ cities by year's end — BEIJING — Chinese cellphone carriers will begin offering super-fast, next-generation 5G service on a commercial basis Friday … | Catherine Shu / TechCrunch: |
Japan-based Paidy, which lets people pay for online goods without using a credit card by offering them instant credit, raises a $83M Series C extension — Paidy, a Japanese financial tech startup that provides instant credit to consumers in Japan, announced today that it has raised a total of $143 million in new financing.| FinSMEs: |
Casstime, a China-based automotive aftermarket search engine and procurement platform, raises $80M Series C1 led by Sequoia China and Source Code Capital — Casstime, a Shenzhen, China-based automotive aftermarket company, closed an USD$80M Series C1 funding round.
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