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Sprint, T-Mobile Said to Close In on $26.5 Billion Combination   —  T-Mobile US Inc. and Sprint Corp. are poised to combine in a $26.5 billion merger, creating a wireless giant to compete against industry leaders AT&T Inc. and Verizon Communications Inc., according to people familiar with the deal.
Apr 29, 2018, 12:06 PMIn context
Du Xiaoman Financial, Baidu's new financial services arm that uses AI to provide short-term loans and investment services, raises $1.9B led by TPG and Carlyle   —  SVP Zhu Guang will run newly spun-off finance division  —  New fintech company will be one of China's best-funded
Apr 28, 2018, 4:04 PMIn context
Sources: T-Mobile, Sprint deal would value Sprint at $24B-$26B; T-Mobile majority owner Deutsche Telekom to get 42% stake, 69% voting interest in combined firm   —  T-Mobile US Inc. and its German owners are advancing toward a deal that would value Sprint Corp. at about $24 billion, according to people with knowledge of the matter.
Apr 27, 2018, 4:34 PMIn context
A look at YouTube's strategy moving forward from a painful year, as it tries to rein in abusive content while encouraging creators and reassuring advertisers   —  Extremist propaganda, dangerous hoaxes, videos of tasered rats—the company is having its worst year ever.  Except financially.
Apr 26, 2018, 3:20 PMIn context
Nate Lanxon / Bloomberg:
Facebook CTO says only verified accounts will be allowed to pay for political ads in the UK and users will be able to view all promotions paid for by a campaign   —  Social network's CTO makes promises to British lawmakers  —  Facebook Inc. said it will make sure political ads on its platform …
Apr 26, 2018, 7:35 AMIn context
Samsung, the exclusive supplier of iPhone X OLED screens, says its Q1 profits for its display business were “affected by slow demand for flexible OLED screens”   —  IPhone X screenmaker adds to chorus of sales concerns  —  Samsung is exclusive supplier of OLED screens to Apple
Apr 25, 2018, 11:30 PMIn context
Spencer Soper / Bloomberg:
eBay reports Q1 revenue of $2.6B, up 12% YoY, net income of $548M, up 2% YoY, but gives weak Q2 revenue outlook of $2.64B-$2.68B vs. $2.68B est.; stock down 6%+   —  EBay Inc. gave a weak outlook for revenue growth in the current quarter, taking the shine off Chief Executive Officer Devin Wenig's turn-around strategy.
Apr 25, 2018, 5:27 PMIn context
Julie Verhage / Bloomberg:
PayPal reports Q1 revenue of $3.69B, up 24% YoY, vs. $3.59B est., and $132B in total payment volume, an increase of 32% from the previous quarter   —  PayPal Holdings Inc. reported earnings that beat analysts' estimates in the first quarter and gave an optimistic forecast for the second …
Apr 25, 2018, 4:54 PMIn context
Benjamin Robertson / Bloomberg:
Binance founder Zhao Changpeng sued in Hong Kong court by Sequoia, who allege he breached exclusivity agreement by talking to IDG, amid a failed deal   —  Binance founder Zhao Changpeng sued in Hong Kong court  —  Dispute sheds light on how VC firms have valued the exchange
Apr 25, 2018, 2:00 PMIn context
Xiaomi says it will limit profit margin from its hardware business, including smartphones, to no more than 5% “forever”, ahead of widely expected IPO   —  Company to restrict hardware margin to 5 percent or less  —  Lei Jun envisions Xiaomi's profit model as IPO filing nears
Apr 25, 2018, 11:20 AMIn context

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Making gaming accessible to all  —  Read the story behind the new Xbox Adaptive Controller, which will make gaming accessible to people with a broad range of disabilities.
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