Tech Meme

Simon Sharwood / The Register: Private equity firm EQT plans to take German software company SUSE private at €16/share, below its 2021 IPO’s €30 price but above August 17’s €9.6 closing price  —  Buyout offer is at €16 per share, compared to €30 at its 2021 IPO  —  Linux-loving software house SUSE … Lees verder op Tech Meme

Todd Spangler / Variety: Elon Musk Says X (aka Twitter) Will No Longer Let You Block Other Users … “Block is going to be deleted as a ‘feature’, except for DMs,” the tech mogul posted on X Friday.  “Makes no sense.”  —  X/Twitter describes block as “a feature that helps you control how you interact with other accounts on Twitter. Lees verder op Tech Meme

Simon Sharwood / The Register: Private equity firm EQT plans to take German software company SUSE private at €16/share, below its 2021 IPO’s €30 price but above August 17’s €9.6 closing price  —  Buyout offer is at €16 per share, compared to €30 at its 2021 IPO  —  Linux-loving software house SUSE … Lees verder op Tech Meme

Adi Robertson / The Verge: Elon Musk claims “block is going to be deleted as a ‘feature’, except for DMs”, without giving any details, in a reply to a user’s X post about block vs. mute  —  Elon Musk says X’s — formerly Twitter’s — block feature is on the chopping block … Lees verder op Tech Meme

Pete Evans / CBC News: Evacuees from the wildfires threatening Yellowknife say that Meta’s news fight with Canada’s government makes it harder for them to share lifesaving information  —  Meta notes government sources not blocked as northerners duck ban by sharing screenshots of information Lees verder op Tech Meme

Bloomberg: Draft IPO filing: Arm’s revenue fell 1% YoY to $2.68B in its fiscal year ended on March 31, 2023; sources: Arm plans to sell ~10% of its shares in its listing  —  – Decline in revenue is according to US accounting standards  — Arm’s parent SoftBank posted gains for unit under IFRS Lees verder op Tech Meme

Anirban Sen / Reuters: Sources: SoftBank acquired a 25% stake in Arm from its Vision Fund unit at a $64B valuation and plans to make the chip designer’s IPO filing public on August 21  —  SoftBank Group Corp (9984.T) has acquired the 25% stake in Arm Ltd it does not directly own from its Vision Fund unit in a deal … Lees verder op Tech Meme

David Jeans / Forbes: Credit card processor Checkout.com cuts its Binance contract short over regulatory “actions and orders in relevant jurisdictions” and money laundering concerns  —  Checkout.com, the London-based credit card processing company that ballooned its business model by servicing billions … Lees verder op Tech Meme

Simon Sharwood / The Register: Private equity firm EQT plans to take German software company SUSE private at €16/share, below its 2021 IPO’s €30 price but above August 17’s €9.6 closing price  —  Buyout offer is at €16 per share, compared to €30 at its 2021 IPO  —  Linux-loving software house SUSE … Lees verder op Tech Meme

Bloomberg: Draft IPO filing shows Arm revenue fell 1% YoY to $2.68B in the 12 months ended on March 31; sources: Arm is expected to sell ~10% of its shares in the listing  —  – Decline in revenue is according to US accounting standards  — Arm’s parent SoftBank posted gains for unit under IFRS Lees verder op Tech Meme