Techmeme
May 4, 2020, 12:30 AM

Top News

Omri Zerachovitz / Globes Online:
Sources: Intel is in talks to acquire Israeli startup Moovit, which makes a journey planner app and provides transit data APIs to cities and companies, for ~$1B  —  Intel Capital is one of the shareholders in the company, which has developed a public transport journey planner and mobility app.
Om Malik / On my Om:
The pandemic brought tech-enabled behaviors previously considered on the fringe into the mainstream and compressed years of digital transformation into months  —  Disruptions, downturns, and recessions make the weak weaker and the strong stronger.  It was true centuries ago, and it is true today.
Wall Street Journal:
Sources: Elliott Management is financing a patent lawsuit by interactive-video company Eko, which it will take an equity stake in, against Quibi  —  Elliott, run by billionaire Paul Singer, will fund the suit by interactive-video company Eko and take an equity stake
Sara Ashley O'Brien / CNN:
Uber to require masks or face coverings for drivers and passengers in certain markets and is developing technology to detect drivers' usage of face coverings  —  (CNN Business)As it anticipates a restart to its core rideshare business amid the pandemic, Uber (UBER) plans to require drivers …
Manish Singh / TechCrunch:
PE firm Silver Lake announces it will invest $747M in Indian telecom giant Jio Platforms, giving it a valuation of $65B, weeks after Facebook invested $5.7B  —  Weeks after Facebook invested $5.7 billion in Indian telecom giant Jio Platforms, private equity firm Silver Lake is following suit.
Chance Miller / 9to5Mac:
An article in the European Heart Journal argues that in addition to atrial fibrillation, Apple Watch's ECG function may also detect myocardial ischemia  —  Since the Apple Watch added the ECG app with the Series 4, numerous stories have surfaced about how the app has contributed to saving people's lives.
Politico:
The pandemic could make the economic power of Facebook, Google, and Amazon more visible, making them an even bigger target for antitrust hawks in Washington, DC  —  The pandemic “has unmasked how big and powerful these companies are,” one antitrust advocate says.  And that could make them an even bigger target in Washington.
Diane Bartz / Reuters:
US travel reservations giant Sabre abandoned a $360M deal to acquire Florida-based Farelogix on Friday after a UK anti-trust watchdog prohibited it  —  WASHINGTON (Reuters) - U.S. travel technology firm Sabre Corp (SABR.O) and software firm Farelogix Inc said on Friday that they would terminate …
More: PhocusWireTweets: @danprimack
Miles Kruppa / Financial Times:
Many Silicon Valley startups are announcing job cuts and spending freezes to prove they can be disciplined about costs to would-be investors amid the pandemic  —  Balance of power shifts back to investors as founders look to bolster balance sheets  —  As one of Silicon Valley's hottest start-ups …

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