Tech Meme

Bloomberg: Cisco plans to acquire cybersecurity company Splunk for $157 per share in cash, up 31% on Splunk’s September 20 closing price, in a deal valued at ~$28B  —  Cisco will pay $157 a share in cash, the companies said in a statement Thursday.  That represents a 31% premium to Splunk’s previous closing price on Wednesday. Lees verder op Tech Meme

Financial Times: After recent IPOs, Arm and Instacart fall by 20%+ from their highs; Arm closed at $52.91 on September 20, down 4% on its offer price, while Instacart was flat  —  Newly listed tech companies soared in their public debuts but have fallen quickly from those highs Lees verder op Tech Meme

Molly Schuetz / Bloomberg: Cisco plans to acquire cybersecurity company Splunk for $157 per share in cash, up 31% on Splunk’s September 20 closing price, in a deal valued at ~$28B  —  Cisco will pay $157 a share in cash, the companies said in a statement Thursday.  That represents a 31% premium to Splunk’s previous closing price on Wednesday. Lees verder op Tech Meme

Oliver Knight / CoinDesk: Layer 2 blockchain Optimism sells 116M tokens worth $157M to seven buyers in a “private” sale, after airdropping 19.4M tokens to 31K+ users earlier this week  —  The token sale was described as a “planned event.”  —  The foundation behind layer2 blockchain Optimism … Lees verder op Tech Meme

Wayne Ma / The Information: Source: Google has extensively discussed dropping Broadcom for AI chips as early as 2027 to design its own TPUs, aiming to save billions of dollars annually  —  Google executives have extensively discussed dropping Broadcom as a supplier of artificial intelligence chips as early as 2027 … Lees verder op Tech Meme

Reuters: Japanese chipmaking equipment maker Kokusai Electric plans to raise ~$750M in an IPO on October 25 in Tokyo at a ~$2.95B valuation, pricing shares at ~$12.78  —  Chipmaking equipment maker Kokusai Electric said on Thursday it plans to list on the Tokyo Stock Exchange on Oct. 25 … Lees verder op Tech Meme

Jason Schreier / Bloomberg: Korean game publisher Krafton says Dead Space developer Striking Distance’s CEO Glen Schofield, COO, and CFO are leaving, months after its new game flopped  —  Video-game developer Striking Distance Studios, a subsidiary of Korean publisher Krafton Inc., is appointing new management several months … Lees verder op Tech Meme

Ana Swanson / New York Times: The Biden administration awards $238M via the Defense Department to set up eight chip research hubs, one of the earliest releases of the nearly $53B CHIPS Act  —  The $238 million in grants will set up eight research hubs, as a small slice of the federal money that will go to chip companies and research facilities in the coming months. Lees verder op Tech Meme

Wes Davis / The Verge: Amazon’s Eero announces the Eero Max 7, its first router to support Wi-Fi 7, offering 2.4GHz, 5GHz, and 6GHz and “up to 4.3 Gbps” wireless throughput, for $600+  —  Eero has announced a powerful new top-of-the-line router called the Eero Max 7.  It’s Eero’s first router to support … Lees verder op Tech Meme

Allison Johnson / The Verge: Apple’s FineWoven accessories and iPhone cases are really bad: they are expensive, quickly show wear, and scratch very easily, leaving seemingly permanent marks  —  Apple’s new FineWoven iPhone cases and accessories are bad.  Like, really bad.  I’ve been puzzling over them for the past week, looking at them from different angles. Lees verder op Tech Meme