Maria Deutscher
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IoT consolidation: Industrial sensor giant Teledyne to acquire Flir for $8B
Two of the world’s top makers of industrial sensors are set to merge in an $8 billion transaction announced today. Thousand Oaks, California-based Teledyne Technologies Inc. said this morning that it has entered an agreement to acquire Flir Systems Inc. for $56 per share. The price represents a 40% premium over Flir’s volume-weighted average stock ...
Amazon acquires podcast maker Wondery to boost entertainment business
Amazon.com Inc. today said that it has signed a deal to buy Wondery Inc., a venture-backed podcast startup with a reported audience of 20 million monthly listeners. The deal will strengthen Amazon’s entertainment business, in which the online retail giant has invested billions of dollars in recent years to win more subscribers. Amazon didn’t say ...
Report: Web analytics startup SimilarWeb eyes IPO at $2B valuation
SimilarWeb Ltd., an analytics startup that counts more than half of the Fortune 100 as customers, is reportedly planning an initial public offering for the second quarter of 2021. The startup joins a growing list of data analytics providers that are expected to list their shares next year. Israeli business publication Calcalist reported the company’s ...
France reportedly resumes collecting digital services tax from tech giants
France has resumed the collection of a digital services tax from major tech companies such after pausing the levy earlier this year, according to a new report. An unnamed French official cited by the Wall Street Journal this morning said that the tax, which stands at 3%, is now once again in effect. The tax ...
VMware files lawsuit against former COO who joined Nutanix
VMware Inc. has filed a lawsuit against former executive Rajiv Ramaswami, who joined rival software maker Nutanix Inc. earlier this month, for alleged “material and ongoing breaches of his legal and contractual duties.” The Dell Technologies Inc. subsidiary detailed the complaint in a statement released Monday. Ramaswami joined VMware in 2016 after stints at Broadcom ...
Report: Intel facing investor pressure to assess ‘strategic alternatives’
A prominent activist investor has called on Intel Corp. to weigh “strategic alternatives” that could include separating its chip design and production operations, according to a Reuters report from this morning. The investor, hedge fund Third Point Management, reportedly outlined its position in a letter sent to Intel today. Third Point, which has a track ...
Graphcore raises $222M for its ultrafast AI chips
Graphcore Inc., a British startup taking on Nvidia Corp. in the artificial intelligence chip market, today said it has closed a hefty $222 million funding round at a unicorn valuation of $2.77 billion. Bristol-based Graphcore has developed a chip for running AI models that it describes as the “most complex processor ever made.” The startup also ...
AWS brings Wavelength Zones to Denver and Seattle via Verizon’s 5G network
Amazon Web Services Inc. today announced that it has set up two new Wavelength Zones in Denver and Seattle, allowing enterprises to deploy their applications closer to the two cities for projects such as “internet of things” initiatives. AWS Wavelength is one of the main pillars of AWS’ edge computing strategy. The service offers access ...
Amazon marks ‘record-breaking’ holiday season with 1.5B+ items shipped
Amazon.com Inc. kicked off the last week of 2020 this morning by sharing data about its holiday season e-commerce sales and detailing some of the operational changes it has implemented to adjust to the pandemic. Amazon delivered more than 1.5 billion items to customers worldwide this holiday, the company said. The figure only includes shipped ...
Bloomberg acquires Y Combinator-backed data startup Second Measure
Bloomberg LP has acquired Second Measure Inc., a five-year-old startup with a market data platform used by investors and tech giants to inform business decisions. The transaction was announced today. Second Measure has raised more than $25 million in funding from backers including Y Combinator, Goldman Sachs, Bessemer Venture Partners and others. Second Measure operates ...