| Bloomberg: |
Sources: Apple is preparing new Apple Silicon-powered MacBook Pros, iMacs, and Mac Pros for as early as spring 2021; full Mac transition will finish in 2022 — - Company tests faster performing processors than Intel's best — Major graphics boost in the works for upcoming desktop Macs| Maureen Farrell / Wall Street Journal: |
Sources: Airbnb plans to boost the proposed price range of its IPO to between $56 and $60 a share, which equates to a valuation of $39B to $42B, fully diluted — New price range for home-rental company's public debut equates to $39 billion to $42 billion, fully diluted| Joyce Lee / Reuters: |
LG says it has reorganized its mobile phone division, which has reported a loss for 22 consecutive quarters, to outsource low- and mid-range smartphones — SEOUL (Reuters) - LG Electronics said on Monday it had reorganised its mobile phone division to increase outsourcing of its low to mid-end smartphones … | Financial Times: |
Inside Disney's costly online push while its lucrative legacy businesses decline, as sources say the success of Disney+ diminished Disney's interest in Hulu — Media empire must sustain its costly online push while its lucrative legacy businesses decline — The Walt Disney Company … | Ron Miller / TechCrunch: |
Tecton.ai raises $35M Series B co-led by a16z and Sequoia Capital as it releases its ML feature store, just a week after AWS debuted its Sagemaker Feature store — Tecton.ai, the startup founded by three former Uber engineers who wanted to bring the machine learning feature store idea to the masses … | Wall Street Journal: |
By July, Chinese banks and trust companies had ~$230B in outstanding loans to users who borrowed via Alipay, a factor in new regulatory scrutiny of Ant Group — Partnering with the fintech giant has higher risks for smaller lenders, which are already on shaky ground| Nilesh Christopher / Rest of World: |
Facing a nationalist backlash in India, Xiaomi has rebranded itself as a local manufacturer, unlike other Chinese brands that retreated from the limelight — Facing a nationalist backlash in India, Xiaomi has rebranded itself as a local manufacturer. — • BANGALORE, INDIA| Ingrid Lunden / TechCrunch: |
NortonLifeLock says it has acquired Germany-based antivirus vendor Avira for $360M in cash, eight months after Avira was acquired for $180M by a PE firm — Only eight months after getting acquired for $180 million, Avira is changing hands again, for double the value: NortonLifeLock today announced … | Paul Sawers / VentureBeat: |
Exclaimer, which helps businesses manage and disseminate email signatures with consistent footers across devices, raises £100M led by Insight Partners — Email signature management platform Exclaimer has raised £100 million ($133 million) in a round of funding led by Insight Partners.| Paul Sawers / VentureBeat: |
Wonder, which enables smaller, more organic video-based interactions within a larger virtual conference, raises $11M led by EQT Ventures — A plethora of virtual event platforms have gained significant traction in a year marked by social distancing. And Germany's Wonder is another … | Bloomberg: |
London-based online payments company Paysafe says it will go public via SPAC at a ~$9B valuation; Blackstone and CVC acquired Paysafe for ~$4B in 2017 — A blank-check firm led by billionaire Bill Foley is nearing a deal to merge with Paysafe Group Ltd., a transaction that would take public … | Bloomberg: |
Source: investors in at least two mature Sequoia funds will see 11X returns on paper, after fees, and another fund is showing 8X returns — About a week before the coronavirus was declared a pandemic, one of the world's leading venture capital firms issued a dire prophecy.
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| Kanishka Singh / Reuters: |
| Kevin Roose / New York Times: |