Marvell Challenges Broadcom With $1.1 Billion Innovium Acquisition
In a shift to focus on chips for high-end switches, Marvell is paying $1.1 billion to acquire Innovium, a seven-year-old chip startup.
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Virtual Events Startup Hopin Seeks Funding at $7 Billion Value
The startup was founded only months before the coronavirus pandemic began.
Alibaba Boosts Share Buyback Program to $15 Billion
Alibaba's upsized share buyback program comes after the recent global selloff of China tech stocks caused by Beijing's regulatory crackdown.
Discovery’s Q2 Results Reflect TV Ad Downturn
While the TV firm's second quarter U.S. ad revenues were higher than the pandemic-depressed period a year ago, they were down from 2019, confirming speculation that TV ad dollars are moving to digital.
Tencent Vows to Limit Minors’ Game Time After State Media Attack
Tencent's move comes after a Chinese state media article calling for more government regulation on online games caused the company's stock to plunge.
European Commission to Investigate Facebook’s $1 Billion Kustomer Deal
The announcement follows an investigation opened last week in the U.K.
Salesforce Acquiring Automation Software Provider Servicetrace
With the Slack acquisition behind it, Salesforce is setting its M&A sights on another emerging software segment that automates repetitive tasks.
Grab’s First-Quarter Sales Rise 39% Ahead of SPAC Merger
The Singapore-based ride-hailing and food delivery giant reiterated that it expects to complete the $40 billion SPAC merger in the fourth quarter.
New Media Venture Backed by Blackstone to Buy Hello Sunshine for $900 Million
The deal is a sign of how the value of entertainment studios is on the rise as large media companies need more programming for their streaming services.
Zoom Agrees to $85 Million Settlement Over Privacy, Zoombombing
The settlement comes as the use of Zoom has surged during the Covid-19 pandemic.
Europe’s Bolt Valued at $4.85 Billion, Eyes Grocery Delivery
Bolt’s core service remains ride-hailing, but the company has launched new products like car, scooter and e-bike sharing.
Amazon Slapped With Record $888 Million Fine by Europe
The $888 million fine for allegedly breaching Europe’s GDPR laws is the biggest sanction since the continent’s data and privacy regime was introduced in 2018.
China’s Securities Regulator Calls for Close Communication With U.S.
Beijing's comments came after the U.S. Securities and Exchange Commission said it would require additional disclosures from Chinese companies seeking U.S. IPOs.
Sky News Australia Says Suspended from YouTube for a Week
Local media said the suspension comes after the News Corp. Australia TV station broadcast content denying the existence of Covid-19 or suggesting the use of discredited cures in violation of YouTube policy.
Square to Acquire Australia’s Afterpay for $29 Billion
The acquisition comes amid growing appetite for buy now, pay later services that let consumers make purchases in installments without credit checks.
Microsoft Is ‘Primary Antagonist’ in DOJ’s Google Antitrust Case - Google Lawyer
Judge calls Microsoft a ‘first’ third party.
Microsoft in Talks to Invest in Oyo at $9 Billion Valuation
The move comes as Oyo, which is mainly backed by SoftBank, has endured layoffs and cost cuts during the Covid-19 pandemic, which has reduced demand for travel.
Alibaba-Owned Turkish E-Commerce Site Trendyol Valued at $16.5 Billion
Trendyol, majority owned by Alibaba, is in talks with investors including General Atlantic and SoftBank to raise about $1.5 billion.
Qualtrics Acquires Data Analytics Firm Clarabridge for $1.3 Billion
Qualtrics is making the biggest acquisition in its 19-year history, acquiring a provider of AI-infused software for analyzing customer sentiment.
AWS Growth Spurt Overshadows Microsoft, Google’s Cloud Gains
The cloud market is booming, as evidenced by the revenue growth that Amazon, Microsoft and Alphabet reported this week. But AWS is still the clear leader.
Weekday mornings
The Information AM by The Information Staff
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