Private equity firm Thoma Bravo has agreed to buy property management software provider RealPage for $9.6B, a 31% premium to its closing price on Friday
Wall Street Journal :
Sources: ByteDance is continuing its months-long talks with the US, now with greater urgency, about deals to let TikTok avoid a full sale of its US operations
It isn't clear whether any alternative would satisfy President Trump's concerns about Chinese-owned video-sharing app
Sources: TikTok sale talks have been complicated by China's new AI export restrictions, with parties unsure whether TikTok's algorithms can be included
Complexity of new Chinese export restrictions has reduced the chances of a sale occurring soon — Deal talks for TikTok's U.S. operations …
Airbnb had more US bookings from May 17 to June 3 than during the same period in 2019, as vacation-rental sites see domestic reservations increase globally
- Weekend getaways are turning into work-from-home respites — Airbnb hasn't ruled out an IPO this year, CEO Chesky says
PE firm Silver Lake announces it will invest $747M in Indian telecom giant Jio Platforms, giving it a valuation of $65B, weeks after Facebook invested $5.7B
Weeks after Facebook invested $5.7 billion in Indian telecom giant Jio Platforms, private equity firm Silver Lake is following suit.
WeWork names commercial real estate veteran Sandeep Mathrani as its new CEO; SoftBank's Marcelo Claure will continue as WeWork's executive chairman
Sandeep Mathrani, a senior real estate executive, will take over the operator of shared office space, which was on the brink of financial collapse last year.
Blackstone buys majority stake in MagicLab, owner of dating apps Badoo and Bumble, valuing the company at $3B+; Whitney Wolfe Herd to become MagicLab's CEO
Ingrid Lunden / TechCrunch :
Blackstone buys majority stake in MagicLab, owner of dating apps Badoo and Bumble, valuing the company at $3B+; Whitney Wolfe Herd to become MagicLab's CEO
Ingrid Lunden / TechCrunch :
Sources: Amazon changed its search algorithm last year to boost items that were more profitable for it, overriding internal dissent from lawyers and engineers
Jeff Bezos opened his 2016 letter to Amazon shareholders like this: Jon Brodkin / Ars Technica : WSJ: Amazon changed search results to boost profits despite internal dissent Victor...
Sources: Amazon changed its search algorithm last year to boost items that were more profitable for it, overriding internal dissent from lawyers and engineers
The e-commerce giant overcame internal dissent from engineers and lawyers, people familiar with the move say.
Alphabet, Sidewalk Labs, and Ontario Teachers' Pension Plan launch a holding company; sources: it will invest in tech-enabled infra projects requiring $100M+
Miriam Gottfried / Wall Street Journal :
Alphabet, Sidewalk Labs, and Ontario Teachers' Pension Plan launch a holding company; sources: it will invest in tech-enabled infra projects requiring $100M+
Google parent, subsidiary Sidewalk Labs and Ontario Teachers' Pension Plan are launching an infrastructure holding company