Techmeme: Infineon to acquire Cypress Semiconductor for $23.85 per share, valuing the company at €9B, at about 33% premium to its Friday closing price of $17.82 (Infineon Technologies)

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June 3, 2019, 3:01 AM

Top News

Tony Romm / Washington Post:

Sources: FTC and DOJ have reached an agreement to divvy up antitrust oversight of Google and Amazon, putting Amazon under FTC's watch and Google under DOJ's — Antitrust regulators have divvied up oversight of Amazon and Google, putting Amazon under the watch of the Federal Trade Commission and Google under the Justice Department.

Infineon Technologies:

Infineon to acquire Cypress Semiconductor for $23.85 per share, valuing the company at €9B, at about 33% premium to its Friday closing price of $17.82 — Business & Financial Press — Infineon CEO Ploss: “Landmark step in Infineon's strategic development.

More: Bloomberg, Bloomberg, VentureBeat, SiliconANGLE, Wall Street Journal, and Seeking Alpha

Tweets: @infineon and @business

Marianna Tzabiras / IFEX:

Caller ID and spam blocking app Truecaller can endanger journalists by revealing their phone numbers, even if journalists never use the app — While TrueCaller may have laudable intentions, the privacy implications for people who end up in their database raise concerns.

Tweets: @ifex and @arictoler

Nick Bilton / Vanity Fair:

Former Facebook execs, who are mostly just expressing remorse now, should speak out more forcefully and use their Facebook riches to promote reform there — The Facebook co-founder has made enemies—very rich enemies—of many of his former partners, who are now speaking out.

Tweets: @vanityfair, @buzz, @marycypsy, and @jessefelder

Adam Engst / TidBITS:

Apple's Dark Mode, despite marketing claims, is at odds with the science of human visual perception and affects productivity by making it harder to read text — Dark Mode is the marquee feature of macOS 10.14 Mojave. Apple even gives it the top spot on the macOS product page, saying:

Tweets: @bdsams, @devan_, @stuartdredge, @kierondonoghue, @dougscripts, @andruedwards, @martinsfp, @woganmay, @davepolaschek, @gassee, @stroughtonsmith, @stevesi, and @stevesi

Alex Johnson / NBC News:

NBC officially launches NBC News Now, a free streaming news service with 8 hours of programming every weekday, expects to have it running 24/7 by 2020 — The service, which doesn't require cable service authentication, is intended to go round-the-clock by next year.

Tweets: @dcnorg

Jon Russell / TechCrunch:

TaniGroup, which operates a B2B platform for Indonesian farmers to sell their produce direct to 400 SMBs that cater to 10,000 consumers, raises $10M Series A — In 2016, former World Bank analyst Eka Pamitra teamed up with five friends to start a business that would help farmers in their native Indonesia.

Benjamin Herold / Education Week:

US schools are hastily adopting programs for monitoring students' social media activity to improve safety, often with little regard for effectiveness or privacy — Last December, early on a Sunday morning, Amanda Lafrenais tweeted about her cats. — “I would die for you,” the 31-year old comic book artist from Clute, Texas wrote.

More: Labnotes. Tweets: @benjaminbherold, @aral, @elizabeth_joh, @dangillmor, @educationweek, @katecrawford, @lizardengland, @oopinellas, @lacelavish, @malloryknodel, @dmcole_, and @benjaminbherold

Meir Orbach / CTech - 24/7:

PE firms Francisco Partners and Israel Growth Partners to acquire LiveU, an Israel-based developer of live broadcasting and streaming tech, for $200M — LiveU develops live broadcasting and streaming technologies negating the need for an outside broadcasting van, as the video is transmitted directly …

Tom Warren / The Verge:

YouTube, Snapchat, Gmail, Discord, and many other services were down throughout US during a major Google Cloud service outage, now resolved after 4+ hours — YouTube, Snapchat, Gmail, Nest, Discord, and a number of other web services suffered from major from outages in the US today.

New York Times:

Boeing changed 737 Max's anti-stall software, which initially relied on two types of sensors, to rely on just one in the last version, without disclosing to FAA — SEATTLE — The fatal flaws with Boeing's 737 Max can be traced to a breakdown late in the plane's development, when test pilots …

More: Mashable, Engadget, and Slashdot

Tweets: @fmanjoo, @joshmankiewicz, @nytimesbusiness, @jacknicas, @jacknicas, @hardmaru, @benadida, @danrubin, @dhh, @stephenfleming, @lrozen, @lrozen, and @fredericjacobs

Lily Hay Newman / Wired:

Researcher outlines how he discovered and exploited the now-patched KeySteal flaw in macOS to access and decrypt keychain passwords without admin privileges — IN EARLY FEBRUARY, an 18-year-old German security researcher named Linus Henze demonstrated a macOS attack that would allow …

More: Tehrani.com. Tweets: @wired, @lilyhnewman, and @privacyproject

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From Mediagazer

The Wrap:

Trump says he authorized the Commerce Department to impose a “100% Tariff” on movies “produced in Foreign Lands”, saying they are a “National Security” threat

Washington Post:

After VOA director said staff can begin a “phased return”, an appeals court stays the preliminary injunction that allowed VOA and USAGM staffers to go back

Charlotte Tobitt / Press Gazette:

An interview with Daily Express EIC Tom Hunt on the paper's 125th anniversary, plans for a YouTube show called Daily Expresso, the future of print, and more

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More News

Kyle Wiggers / VentureBeat:

Sitetracker, a project and physical asset management platform with clients like Alphabet and Verizon, raises $10M, extending the $24M Series B it raised in 2018

Manish Singh / TechCrunch:

True Balance, a wallet app used in India's tier-two and tier-three markets, which has raised a total of $42M, says it now has ~60M users and $100M in GMV sales

Scott Stein / CNET:

Volvo invests in VR startup Varjo, says its engineers are designing new interfaces by driving on test tracks using Varjo's new mixed-reality headset XR-1

More: VentureBeat and UploadVR

Tweets: @cnetnews and @jetscott

Financial Times:

CFTC says it is in very early talks with Facebook to understand if its upcoming cryptocurrency falls under the US regulator's jurisdiction

More: CoinDesk. Tweets: @smtuffy

Associated Press:

US court sentences Phantom Secure CEO to nine years in prison for selling encrypted phones to criminals and routing encrypted text messages via overseas servers

Andrei Zakharov / BBC:

Russia has a booming market for leaked personal data like phone records, addresses, passport details, and even bank security codes with prices starting at $16

Tweets: @josephfcox

Earlier Picks

Peter Holley / Washington Post:

As more esports players go pro, a growing number of doctors are devoting their time to treating injuries like “gamers thumb” that put players at risk

Tweets: @soylent_lament

Sean Hollister / The Verge:

With no branding yet from Intel to differentiate laptops under Project Athena, PC makers have little incentive to adhere to the project's target specifications

Tweets: @backlon, @verge, and @tomwarren

Lucas Shaw / Bloomberg:

Many of the top shows and movies on Netflix, produced by upcoming streaming competitors like AT&T and Disney, have licensing rights locked in for years to come

More: IndieWire and BGR

Tweets: @basche42, @stevekovach, @entstrategyguy, @lucas_shaw, @lucas_shaw, and @conroyforreal

Kyle Wiggers / VentureBeat:

Beam Dental, which uses brushing stats collected by its connected toothbrush to lower dental insurance premiums, raises $55M Series D

More: smartbusinessdealmakers.com and Columbus Business Journal

Facebook: Brianna Wu. Tweets: @nycryptolawyer, @hypervisible, @wajobu, @dcseifert, @infapi00, @vcharne, @sub8u, @el33th4xor, @tomlawrencetech, @briannawu, @jaredlovell, @dangillmor, @ross, @joelwinston, and @bryansmart

Natasha Lomas / TechCrunch:

The General Court of the EU agrees to hear a legal challenge to the EU-US Privacy Shield data transfer legislation, sets a date of July 1 and 2 for the hearing

Tweets: @fkarlitschek and @billmew

Saagar Enjeti / The Hill:

On Friday, US began requiring most visa applicants to provide information on their use of social media; the policy was announced in March 2018

More: FutureSin, BBC, CBS News, Newser, Bloomberg, TechCrunch, Quartz, The Points Guy, Slate, Engadget, The Verge, and The Daily Dot