April 25, 2022, 1:15 PM

Top News

Source: Twitter could reach a deal with Elon Musk for a takeover at $54.20 per share as soon as Monday  —  Twitter is in the final stretch of negotiations about a sale to Elon Musk, a person with knowledge of knowledge of the matter said, Bloomberg News reports.
More: New York Times, Reuters, The Independent, ZDNet, CoinDesk, The i Paper, BBC, AppleInsider, Finbold, The Information, Ars Technica, CNBC, Cryptopolitan, Reuters, CNN, Neowin, Euractiv, Decrypt, iPhone in Canada Blog, The Crypto Basic, The Register, Appleosophy, Financial Times, BetaNews, IGN, TheGamer, Cryptonews, iMore, London Evening Standard, CryptoPotato, Tech in Asia, Heretic Speculator, MacDailyNews, The Block, TechRepublic, Изв …, 9to5Mac, New York Post, Insider, Mashable, PC Gamer, The Hill, and Android Headlines
Analysis: Elon Musk's Twitter bid includes a risky $12.5B margin loan, secured against Tesla stock and potentially costing ~$1B/year, and $21B of his own cash  —  It is the biggest acquisition financing ever put forward for one person.  Elon Musk is doing it his way.
New York Times:
Jamie Powell / Financial Times:
Tim Copeland / The Block:
OpenSea acquires NFT aggregator Gem, which helps users buy and sell NFTs across marketplaces, for an undisclosed sum; Gem will operate as a standalone brand  —  Quick Take  — NFT marketplace OpenSea has acquired NFT aggregator Gem.  — Gem will continue to operate as a standalone brand.
Financial Times:
UK virtual events startup Hopin, which raised $1B+ and reached a $7.8B valuation, is struggling; its Explore page lists fewer than 500 events, down from 15K+  —  British group gained $7.8bn valuation in pandemic, but lay-offs and slump in secondary market trades have followed
The UAE grants crypto exchange Kraken a license to operate, following Binance and FTX; Kraken will establish a regional HQ in Abu Dhabi  —  - Kraken will open an office in Abu Dhabi and become the first exchange to offer UAE dirham trading after receiving a full license to operate in the country …
Washington Post:
Apple, Amazon, and Google have turned to old union-busting tactics, like surveilling workers suspected of organizing, posting propaganda, and hiring consultants  —  Tech companies are facing increasing momentum from workers trying to organize  —  At a Staten Island warehouse set to start …
Lucas Shaw / Bloomberg:
Sources: Netflix staff morale is sagging amid its cratering stock price, subscriber losses, and an engineering restructuring to create levels, such as “junior”  —  As Netflix shares plunge to their lowest point in five years, the company risks losing its most valuable resource: its star employees.
Dan Goodin / Ars Technica:
Oracle patches a critical bug in Java 15 and above, which lets attackers forge TLS certificates and signatures, two-factor authentication messages, and more  —  A failure to sanity check signatures for division-by-zero flaws makes forgeries easy.  —  Organizations using newer versions …
Washington Post:
North Korean hackers who stole $600M from Axie Infinity are still laundering their haul, recently moving $4.5M of ETH, after the US tried to freeze those assets  —  Despite U.S. law enforcement identifying the Lazarus Group as the thieves, the hackers have laundered 17 percent of their $600 million haul
Aditya Hadi Pratama / Tech in Asia:
DoubleMe, a South Korean startup specializing in converting 2D videos into 3D models for the metaverse, raises a $25M Series A with Samsung among investors  —  DoubleMe, a South Korea-based metaverse startup, has raised US$25 million in a series A round co-led by Coentry Investment and NH Investment …

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Emma Roth / The Verge: