Techmeme
July 13, 2020, 12:30 PM

Top News

Sundar Pichai / The Keyword:
Google unveils the Google for India Digitization Fund, through which it will invest ~$10B over the next five to seven years in the country  —  Editor's note: Today at Google for India, Google CEO Sundar Pichai announced a $10 billion Google for India Digitization Fund to help accelerate India's digital economy.
Todd Spangler / Variety:
SiriusXM will buy E.W. Scripps' podcast network and producer unit Stitcher for $325M; Scripps says Stitcher had $72.5M in 2019 revenue  —  According to E.W. Scripps, the $325 million price tag represents a return of more than 100% in its investment in podcasting over the last five years.
Lucinda Shen / Fortune:
Robinhood says it has raised $320M in new funding that values it at $8.6B, following its $280M Series F in May, which valued it at $8.3B  —  Investors are adding hundreds of millions more to Robinhood's coffers as the pandemic ushers in new customers.  —  On Monday, the stock-trading app announced …
More: The Block and Reuters
Subrat Patnaik / Reuters:
US semiconductor manufacturer Analog Devices says it will buy rival Maxim Integrated for $20B+ in an all-stock deal  —  (Reuters) - U.S. semiconductor maker Analog Devices Inc said on Monday it offered to buy Maxim Integrated Products Inc, an industry peer, for $20.91 billion in an all-stock deal.
New York Times:
As US COVID-19 cases surge, public health officials are battling broken, fragmented data systems, some relying on fax, that are seriously impeding progress  —  Before public health officials can manage the pandemic, they must deal with a broken data system that sends incomplete results in formats they can't easily use.
Kyle Wiggers / VentureBeat:
Autonomous drone startup Skydio raises $100M Series C and announces X2, a new commercial drone lineup coming in Q4 with optional aftermarket software upgrades  —  Take the latest VB Survey to share how your company is implementing AI today.  —  Redwood City-based drone startup Skydio today announced …
More: TechCrunch
Donie O'Sullivan / CNN:
Both the DNC and RNC have asked campaign staff to refrain from using TikTok on personal devices  —  (CNN)The Democratic and Republican national committees warned their staffs about using the Chinese-owned app TikTok.  —  The Democratic National Committee warned Democratic campaigns …
Hannah Murphy / Financial Times:
Inside Facebook's clubby network of invitation-only advertiser groups, called client councils, which use a mix of perks and pressure to keep brands close  —  Social media company uses a mixture of perks and pressure to keep brands close  —  Facebook likes to roll out the red carpet …

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Yogita Khatri / The Block: