Techmeme
July 20, 2020, 6:20 AM

Top News

Wall Street Journal:
Sources: eBay is in advanced talks to sell its classified ads business to Norway's Adevinta for ~$8B  —  Deal could value eBay unit at roughly $8 billion or more  —  EBay Inc. EBAY -0.89% is in advanced talks to sell its classified-ads business to Norway's Adevinta AS ADE -0.69% A …
Phillip Inman / The Guardian:
Sources: TikTok halts talks with UK government to build the HQ for its non-China business in London, with British ban on Huawei seen as a factor  —  Video-sharing app suspends building plans, with British ban on Huawei 5G kit seen as factor  —  The Chinese social media firm TikTok has pulled …
Wall Street Journal:
Sources say plans to remake GE as a software powerhouse were scuttled by employee confusion and delusions about what it would take to reposition the company  —  The industrial giant hoped to remake itself as a software powerhouse.  Here's what went wrong.  —  In early 2014 …
Kira Tebbe / OneZero :
In 2019, Facebook, Apple, Amazon, Microsoft, and Google were collectively granted ~27,000 H-1B visas, over 30% of total visas available to private companies  —  Five tech companies use nearly 30,000 H1-B visas, while over 50% of graduate STEM degrees are earned by international students
Arno Schuetze / Reuters:
Teamviewer has agreed to acquire Ubimax, which makes AR software and wearable computing devices, for €136.5M  —  FRANKFURT (Reuters) - German software company Teamviewer (TMV.DE) has agreed to acquire peer Ubimax to expand its offering in augmented reality and internet of things, it said on Wednesday.
Christopher Mims / Wall Street Journal:
Retail stores, which were closing due to declining foot traffic even before the pandemic, are now increasingly being turned into online fulfillment centers  —  As the demand for in-person shopping diminishes, landlords, startups and retailers are converting abandoned stores into online fulfillment centers

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