AT&T confirms deal to combine its WarnerMedia subsidiary with Discovery Inc in ‘pure play’ $43B deal

Another major telco in the U.S. is making a big move away from being a full player in media services, and specifically content creation. Today AT&T said that it is combining its WarnerMedia division with Discovery Inc.
The deal is being structured as a “Reverse Morris Trust” transaction that will give AT&T $43 billion in a combination of cash, debt securities and WarnerMedia’s retention of certain debt. The deal will see AT&T shareholders receive stock representing 71% of the new company, while Discovery shareholders will have 21%, the companies said in an announcement.
Discovery President and CEO David Zaslav will lead the new, combined company. It’s not clear what role Jason Kilar, the CEO of WarnerMedia currently, will have, but his name is not mentioned in the press release. He is currently the CEO of Warner Media, AT&T CEO John Stankey confirmed in a press conference today..
The deal confirms rumors over the


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Salesforce buys Slack in a $27.7B megadeal

Salesforce, the CRM powerhouse that recently surpassed $20 billion in annual revenue, announced today it is wading deeper into enterprise social by acquiring Slack in a $27.7 billion megadeal. Rumors of a pending deal surfaced last week, causing Slack’s stock price to spike.
Salesforce co-founder and CEO Marc Benioff didn’t mince words on his latest purchase. “This is a match made in heaven. Together, Salesforce and Slack will shape the future of enterprise software and transform the way everyone works in the all-digital, work-from-anywhere world,” Benioff said in a statement.
Slack CEO Stewart Butterfield was no less effusive than his future boss. “As software plays a more and more critical role in the performance of every organization, we share a vision of reduced complexity, increased power and flexibility, and ultimately a greater degree of alignment and organizational agility. Personally, I believe this is the most strategic combination in the history of software,


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IBM officially acquires Red Hat for $34 billion — Linux distros are unaffected

IBM has closed its acquisition of Red Hat following the statement of intent back in October. Following the $34 billion deal, Red Hat will operate as a distinct unit within IBM — and will be reported as part of IBM’s Cloud and Cognitive Software segment. For IBM, the deal means fully embracing open source as it looks to accelerate its business model within the enterprise. For Red Hat, it means expanding its client base and working with a big player in the enterprise cloud business. Red Hat CTO Chris Wright says: “We are coming together to build upon a firm… [Continue Reading]


Original URL: https://betanews.com/2019/07/09/ibm-acquires-red-hat/

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Rich-text editing platform Tiny raises $4M, launches file management service

Maybe you’ve never heard about Tiny, but chances are, you’ve used its products. Tiny is the company behind the text editors you’ve likely used in WordPress, Marketo, Zendesk, Atlassian and other products. The company is actually the result of the merger of Moxiecode, the two-person team behind the open source TinyMCE editor, and Ephox, the company behind the Textbox.io editor. Ephox was the larger company in this deal, but TinyMCE had a significantly larger user base, so Tiny’s focus is now almost exclusively on that.
And the future of Tiny looks bright thanks to a $4 million funding round led by BlueRun Ventures, the company announced today (in addition to a number of new products). Tiny CEO Andrew Roberts told me the round mostly came together thanks to personal connections. While both Ephox and Moxiecode were profitable, now seemed like the right time to try to push for growth.
Roberts also noted that


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HipChat and Stride to close as Atlassian sells assets to rival Slack

Slack and its rivals Atlassian have announced they are forming a strategic partnership that will see chat tools HipChat and Stride closed down. As part of the deal, Atlassian has made an equity investment in Slack, while Slack has acquired the intellectual property rights for Stride and HipChat Cloud. Moving forward, Stride, HipChat Cloud, HipChat Server and HipDhat Data Center will all be discontinued, and users will be offered a migration path to Slack — making it even stronger competition for Microsoft’s Teams. Slack says that the new partnership is driven by a joint vision, and Atlassian notes that “the… [Continue Reading]


Original URL: https://betanews.com/2018/07/27/slack-buys-hipchat-stride-ip/

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Udacity buys CloudLabs in its first-ever acquisition to enable collaborative programming

 In the market for online education, Udacity remains focused on teaching its students about software development, data science and machine learning. To this avail, Udacity brought out its M&A team for the first time to strategically acquire CloudLabs, a small shop building interactive coding environments that let groups collaboratively code from within their browsers. Read More


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GoDaddy acquires ManageWP for its WordPress management tool

Internet domain registrar, and web hosting company GoDaddy, has announced that it has acquired ManageWP. ManageWP is a WordPress dashboard, allowing webmasters to manage multiple WordPress sites from a single dashboard. “GoDaddy is serious about investing in WordPress and ManageWP is by far the leading tool for managing WordPress sites”, says Jeff King, SVP of Hosting at GoDaddy. “Together, we’ll bring ManageWP to the scale of GoDaddy, helping web designers and developers save thousands of work hours and touch millions of websites globally, no matter where they are hosted”. Even though financial details of the agreement were not disclosed, ManageWP… [Continue Reading]


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$67 billion Dell-EMC deal closes today

 Last Fall, rumors began circulating that Dell was interested in acquiring EMC. On October 12th, the rumors proved true when Dell announced it was buying EMC for an astonishing $67 billion, a record price for a tech acquisition. Almost a year later, for better or worse (richer or poorer), that deal is official today. While the parties might like to frame this as a deal with little drama, the… Read More


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Goodbye, Yahoo!

My oldest Internet ID, three letters, is vintage 1996. Yahoo’s impending demise, which could be to Verizon, almost certainly will mark the end of our long relationship. We mutually will abandon one another. I’m sorry that it comes to this. Yahoo sealed its fate when cutting the deal to outsource search to Microsoft during summer 2009. The disaster I predicted then will soon end the iconic brand, what little remains of it. Many people will blame CEO Marissa Mayer, but she was but steward of the sinking ship. Doom was a certainty after Yahoo surrendered crown jewel search. That the company limped along… [Continue Reading]


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