The U.S. Department of Justice filed its much-anticipated appeal challenging AT&T’s $85 billion acquisition of Time Warner, stating that the judge ignored “fundamental principles of economics and common sense.” The 73-page brief kicks off yet another several months of uncertainty around the deal, which closed in June after the government lost its initial lawsuit in a lengthy trial. In its...
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‘I Can Take Video Calls Even While Cooking’: The Smart Kitchen Appliances That Tech People Love
“We have three kids, two cats and a dog,” said Charles Edge, chief technology officer at Bootstrappers.mn, a venture capital firm in Minneapolis. “It’s a busy household in the morning, with kids and animals screaming for food and needing to be driven to school or daycare.” A wide array of smart kitchen tools is making Edge’s life—and his...
SEC Easing Rules Around Raising Money in Direct Listings
Sam Bankman-Fried Secretly Funded The Block Through Loans to CEO
Bankman-Fried Open to Testifying at House Hearing, Mum on Senate
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Two years ago, Salesforce co-founder and CEO Marc Benioff gushed about his software company’s $28 billion purchase of messaging app Slack, describing it as a “match made in heaven.” It was also the most expensive subscription software acquisition of all time, with Salesforce paying around 26 times Slack’s forward revenue—a price tag that carried high expectations.
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