Techmeme
July 13, 2022, 1:00 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.
Wired:
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.
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.
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 …
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 …
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 …
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 …
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.
J. Clara Chan / The Hollywood Reporter:
Spotify acquires Heardle, describing the music trivia game inspired by Wordle as a “tool for musical discovery”, and plans to keep it as a standalone site  —  The game, which challenges users to identify a song based on short audio clips, will remain free to play for users.
Gareth Vipers / Wall Street Journal:
Peter White / Deadline:
HBO and HBO Max receive 140 Emmy nominations, while Netflix gets 105, Hulu 58, Apple TV+ 52, Disney+ 34, Amazon 30, and broadcast network TV a new low of 86  —  The Emmy nomination battle between HBO and Netflix took a new turn this morning with the Warner Bros. Discovery company soaring past its streaming rival.
Bloomberg:
PE firm Madison Dearborn acquires a majority stake in Unison, a software provider to the US government, from Carlyle; sources: the deal values Unison at $1B+  —  Madison Dearborn Partners is acquiring a majority stake in software company Unison Software Inc. from fellow private equity firm Carlyle Group Inc.
Jordan Robertson / Bloomberg:
A profile of Strider, which scours open-source data in China to identify technologies most at risk of being stolen and potential intellectual property thieves  —  Oak Ridge National Laboratory in Tennessee has for decades been a hotbed of US nuclear experimentation.
Jamie Crawley / CoinDesk:
Animoca Brands announces a $75.32M raise at a $5.9B valuation, the second tranche of its $360M round in January 2022 that valued the NFT company at $5.5B  —  The infusion is the second tranche of January's funding round, which nabbed almost $360 million and valued the investment company at $5.5 billion.

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Earlier Picks

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