Techmeme
December 7, 2021, 9:45 AM

Top News

Catalin Cimpanu / The Record:
Microsoft seizes 42 domains allegedly used by a Chinese cyber espionage group that targeted organizations in 29 countries including the US  —  Microsoft said today that its legal team has successfully obtained a court warrant that allowed it to seize 42 domains used by a Chinese cyber-espionage group …
David McCabe / New York Times:
Ahead of a congressional hearing, Adam Mosseri outlines forthcoming parental controls for Instagram, including monitoring time spent and deleting posts in bulk  —  Adam Mosseri, the head of the company, is expected to face questions from lawmakers this week about whether social media harms children.
Cho Mu-Hyun / ZDNet:
Samsung merges its mobile and consumer electronics divisions into one business unit led by JH Han, and names Kyehyun Kyung as the CEO of its semiconductor unit  —  The Galaxy-device maker's smartphone and TV divisions will now be run by a single CEO.  —  Samsung said on Tuesday it has merged …
Wall Street Journal:
Intel plans to take its Mobileye unit public, sources say at a $50B+ valuation; Intel acquired the self-driving car company in 2017 for about $15B  —  Move could value Mobileye at more than $50 billion, according to people familiar with the matter  —  Intel Corp. is planning to publicly list shares …
The Markup:
Sources: Life360, a family safety app with 33M users, has sold users' precise location since 2016 and is one of the location data broker industry's top sources  —  The app is a major source of raw location data for a multibillion-dollar industry that buys, packages, and sells people's movements
Juli Clover / MacRumors:
Report: the US DOJ has asked Roblox why it changed “games” to “experiences” on its website, and asked Roblox and other developers to clarify the difference  —  The United States Justice Department is investigating Apple for antitrust issues, and Roblox is an area …
Lucas Matney / TechCrunch:
Lyft CFO Brian Roberts, who joined the company in 2014 and took it public, leaves to become CFO at NFT marketplace OpenSea  —  Lyft's long-time CFO Brian Roberts, who took the company public, announced Monday that he was departing the ride share company that he joined in 2014 to take the same role at NFT marketplace OpenSea.
Packy McCormick / Not Boring:
The allure of speculative returns on Web3 is attracting talent, who in turn will create opportunities for more people to earn money by doing what they find fun  —  More fun making money, and more money having fun … Today's Not Boring is brought to you by... Mosaic
Taylor Soper / GeekWire:
Portland-based Torq, which offers no-code automated security tools, raises a $50M Series B led by Insight Partners  —  The news: Portland, Ore.-based startup Torq landed a $50 million Series B round.  Founded last year, the 71-person company helps customers automate their security processes.
Jordan Novet / CNBC:
Microsoft tells its partners that enterprise customers will be charged 20% more for their Office subscriptions if they don't switch to an annual plan in 2022  —  - Microsoft is telling partners that customers will soon be charged 20% more for Office subscriptions if they prefer to keep paying by the month.
Rita Liao / TechCrunch:
WeLab, which offers consumer fintech products across Asia, raises $240M and buys Indonesian commercial bank Jasa Jakarta  —  A virtual bank is soon coming to Indonesia.  WeLab, a Hong Kong-based fintech unicorn, announced Tuesday its acquisition of Bank Jasa Jakarta (BJJ), an Indonesian commercial bank.
Frederic Lardinois / TechCrunch:
Tel Aviv-based Grip Security, which helps companies protect data in SaaS apps, raises a $25M Series A led by Intel Capital  —  Grip Security, a Tel Aviv-based startup that helps enterprises protect their data in SaaS applications, today announced that it has raised a $25 million Series A funding round led by Intel Capital.
Ryan Browne / CNBC:
Atomico: European tech startups will raise a record $121B in 2021, up from $41B in 2020, with <1% going to early-stage; 98 unicorns were created in 2021  —  - Start-ups in Europe are on track to haul in a record $121 billion in funding this year, according to a report from venture capital firm Atomico.
Antoine Gara / Financial Times:
Sources: Thoma Bravo is raising $35B for tech company buyouts; in 2021, the PE firm acquired RealPage for $10.2B and Proofpoint for $12.3B  —  US-based specialist on an acquisition binge is raising $35bn for more  —  The mood was buoyant when private equity executives congregated at the SuperReturn conference in Berlin last month.
Tweets: @robinwauters
Bloomberg:
A look at the impact of a COVID-19 outbreak at a STMicroelectronics chipmaking factory in Malaysia, as pressure to increase production overrode safety concerns  —  While companies and governments push to keep supply chains running, ordinary people are the ones putting their lives at risk.

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