Prosus Acquires India’s BillDesk for $4.7 Billion
Prosus is a spin off of South African media conglomerate Naspers and is best known for holding a 29% stake in China's Tencent.
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Recent Editions
DOJ Antitrust Nominee Kanter Got $20.3 Million From Former Law Firm
Kanter also disclosed four dozen past clients including Uber, Nike, and Spotify.
Zoom Shares Dip 12% on Slowing Sales Growth
Zoom's run as one of the top-performing pandemic stocks may be drawing to a close as schools reopen and some companies reopen offices.
Apple Acquires Classical Music Service
Apple said it acquired the classical music service Primephonic and will launch a standalone classical music app next year based on it.
China Issues Strict New Limits on Children Playing Videogames in Blow to Tencent, Netease
Marking a tough new line, the government announced that children are restricted to an hour of gameplay Fridays, Saturdays and holidays.
Fitness Tracker Startup Whoop Valued at $3.6 Billion After SoftBank Investment
The Boston-based wearables startup faces competition from the biggest tech giants including Apple, Google and Amazon.
Amazon Partners with Affirm to Offer Buy Now, Pay Later
By partnering with fintech company Affirm, Amazon is jumping on the buy now, pay later craze that has motivated younger shoppers to buy more goods online.
Apple Hires VC Firm Founder Trae Vassallo for Global Ops Role
Vassallo previously was a partner at Kleiner Perkins.
Disney’s ESPN Eyes Sports Betting Deals
The deals, if signed, would mark a bit of an about-face for Disney, which has shied away from sports betting.
Rivian Files Confidentially for IPO
Electric truck maker Rivian filed has filed confidentially for an IPO.
Andreessen Horowitz Announces $400 Million Seed Fund
Andreessen Horowitz is launching a dedicated seed fund shortly after announcing a $2.2 billion fund focused on cryptocurrency startups.
European Antitrust Review of Nvidia’s Arm Takeover Expected in Early September
Global regulatory reviews of the acquisition are expected to drag on for much of 2022.
China Looks to Ban Tech Companies with Sensitive Consumer Data From Listing in the U.S.
This proposed ban goes much further than earlier announced measures requiring large tech companies to get mandatory cybersecurity review in order to list in the U.S.
China’s Regulator Proposes New Regulations on Tech Firms’ Algorithms
The move is part of the Chinese government's efforts to tighten its control over the company's most powerful internet companies.
Waymo Discontinues Lidar Business
The move could be good news for lidar maker Ouster and its ilk.
Microsoft Sounds Alarm Over Critical Database Vulnerability
After a string of cybersecurity headaches over the past year, Microsoft is reportedly warning customers to change database settings to protect against a new flaw.
Apple to Let App Makers Tell Customers About Payment Alternatives
Apple has agreed to let app makers communicate with customers about alternative payment methods as part of a proposed legal settlement.
TSMC Planning Price Hike Later This Year
The world's largest contract chip manufacturer is struggling to keep pace with soaring demand amid a global shortage, but help may be on the way.
Vice Announces Layoffs as it Pushes More into Video
The layoffs come as the company is seeking to position itself more as a studio business.
Forbes to Go Public via SPAC
The deal marks the second media SPAC to be announced this year.
Weekday mornings
The Information AM by The Information Staff
Start your morning with the important global tech news of the day, covered by The Information team across five time zones.
By providing your email, you agree to The Information’s Privacy Policy