Techmeme
July 13, 2022, 8:25 AM

Top News

New York Times:
Twitter sues Elon Musk, in Delaware's Court of Chancery, to force him to complete his $44B acquisition of the company, as he “refuses to honor his obligations”  —  The question of whether Elon Musk must buy Twitter, as he agreed to do in April, is headed to a court in Delaware.
Tripp Mickle / New York Times:
Sources: Apple ends its consulting agreement with Jony Ive that made Apple his firm's primary client and limited Ive from taking on work Apple found competitive  —  Three years after promising to work “long into the future” with the man behind its candy-colored computers, Apple and Mr. Ive are through.
Benjamin Mullin / New York Times:
Medium founder Ev Williams is stepping down as CEO, to be replaced by Coach.me CEO Tony Stubblebine; Williams plans to start a new holding company/research lab  —  Mr. Williams, the company's founder and a co-founder of Twitter and Blogger, said in a post that he planned to start a new holding company and research lab.
The Verge:
Memo: Sundar Pichai told employees that Google will slow hiring in the rest of 2022 and will have to work with “greater urgency, sharper focus, and more hunger”  —  ‘Greater urgency, sharper focus, and more hunger’  —  Google has told employees that it'll be …
Shivani Tanna / Reuters:
Vermont's Department of Financial Regulation joins a multistate investigation into Celsius and says it believes the cryptocurrency lender is “deeply insolvent”  —  July 12 (Reuters) - Vermont's Department Of Financial Regulation on Tuesday said troubled crypto lender Celsius is …
Dan Goodin / Ars Technica:
Microsoft says a phishing campaign targeted 10K+ organizations since September 2021 by hijacking Office 365's authentication process even on accounts using MFA  —  Campaign that steals email has targeted at least 10,000 organizations since October.  —  On Tuesday, Microsoft detailed …
Kurt Schlosser / GeekWire:
The leaders of Amazon, Microsoft, Apple, Meta, Google, and 500+ business, education, and nonprofit companies urge US states to boost computer science education  —  More than 500 business, education and nonprofit leaders have teamed with Seattle-based computer education nonprofit Code.org …
James Vincent / The Verge:
In Germany, South Korea, and other countries, BMW starts selling subscriptions or charging one-time fees to unlock heated seats, engine sound options, and more  —  The auto industry is racing towards a future full of microtransactions  —  BMW is now selling subscriptions for heated seats …
Kyle Wiggers / TechCrunch:
Kontent, whose headless CMS powers over 2K websites, apps and e-commerce stores, has raised $40M from Expedition Growth Capital  —  Kontent, a platform designed to help companies manage business-related content in the cloud, today announced that it raised $40 million from Expedition Growth Capital as part of a growth capital infusion.
More: Tech.eu and EU-Startups
Ivan Levingston / Bloomberg:
Sources: UK payments company Zepz, formerly WorldRemit, delayed its IPO planned for Q2, 2022 due to issues with accounting and turnover in its senior ranks  —  UK financial technology startup Zepz, parent of WorldRemit, has struggled with its accounts and turnover in its senior ranks prior …
More: PYMNTS.com
Fortune:
Lightspeed Venture Partners raised $6.6B across three US funds and $500M for an India and Southeast Asia fund, and debuts a team to back blockchain founders  —  This is the web version of Term Sheet, a daily newsletter on the biggest deals and dealmakers.  Sign up to get it delivered free to your inbox.
Jessica Bursztynsky / CNBC:
Match Group expands its partnership with Garbo to offer background checks to users on its Match and Stir dating apps, after offering it to Tinder users in March  —  - Match Group is expanding its partnership with background check service Garbo to roll out the safety feature to two more of its dating apps …
More: Fossbytes and The Verge
Ingrid Lunden / TechCrunch:
Unity to merge with app monetization service Ironsource, valued at $4.4B in the all-stock deal; Silver Lake, Sequoia will invest $1B in Unity after the merger  —  Update: the companies have confirmed the news here.  IronSource is being valued at $4.4 billion in the all-stock deal.
Ivan Mehta / TechCrunch:
Truecaller launches Open Doors, a Clubhouse-like app which lets users register with their phone numbers and audio chat with their contacts who have the app  —  If you thought of the age of companies launching real-time audio chat apps, you're wrong.  Swedish caller identification service Truecaller …
Todd Spangler / Variety:
Google says YouTube TV has 5M+ subscribers, including free trial users, making it the US' biggest internet pay TV provider and fifth-largest TV distributor  —  Google says YouTube TV has surpassed 5 million accounts — making it the U.S.'s biggest internet-based pay TV service.

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More News

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Washington Post:
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Earlier Picks

Jon Porter / The Verge:
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J. Clara Chan / The Hollywood Reporter: