Media/Telecom

NYT in Talks to Acquire The Athletic

The New York Times is in talks to acquire the subscription sports publication The Athletic, according to Axios , as the media industry’s merger frenzy continues to accelerate. The Times, which is considering a full acquisition versus a joint venture or some type of strategic partnership, has recently been making overtures to former employees of The Athletic to gauge the digital media...

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Splunk CEO Merritt Says Cloud Will Soon Be 50% of Its Business, Double From Start of Pandemic
Splunk CEO Doug Merritt. Photo by Bloomberg. Illustration by Mike Sullivan
Splunk CEO Doug Merritt tries not to show it but he’s clearly a little frustrated with Wall Street. The 18-year-old enterprise software company’s stock has dropped 30% since last fall, wiping out all its gains earlier in 2020, even as Splunk’s cloud-based software sales soared thanks to the impact of remote work on corporate software buys. Merritt says cloud software will soon...
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