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Sources: private equity firms Francisco Partners and TPG plan a $5B+ bid to acquire observability software company New Relic; a deal may be reached in weeks (Laura Cooper/Wall Street Journal) 17-05-2023

Laura Cooper / Wall Street Journal: Sources: private equity firms Francisco Partners and TPG plan a $5B+ bid to acquire observability software company New Relic; a deal may be reached in weeks  —  Buyout firms Francisco Partners, TPG team up in $5 billion-plus bid  —  Private-equity firms Francisco Partners and TPG … Lees verder op Tech Meme

Sources: Snowflake is in advanced talks to acquire Neeva, possibly for AI tools to help companies search internal data; Neeva also shopped itself to Databricks (The Information) 17-05-2023

The Information: Sources: Snowflake is in advanced talks to acquire Neeva, possibly for AI tools to help companies search internal data; Neeva also shopped itself to Databricks  —  Database software provider Snowflake has been in advanced talks to acquire Neeva, a search startup founded by former top Google … Lees verder op Tech Meme

Cisco reports Q3 revenue up 14% YoY to $14.6B, vs. $14.4B est., net income up 6% YoY to $3.2B, also beating estimates, and a strong Q4 sales forecast (Bloomberg) 18-05-2023

Bloomberg: Cisco reports Q3 revenue up 14% YoY to $14.6B, vs. $14.4B est., net income up 6% YoY to $3.2B, also beating estimates, and a strong Q4 sales forecast  —  Cisco Systems Inc., the largest maker of machines that run computer networks and the internet, said orders declined 23% in the past quarter … Lees verder op Tech Meme

Netflix says its ad tier has nearly 5M global MAUs, with a median age of 34, six months after launch, and makes up 25%+ of signups in countries with the option (Alex Weprin/The Hollywood Reporter) 18-05-2023

Alex Weprin / The Hollywood Reporter: Netflix says its ad tier has nearly 5M global MAUs, with a median age of 34, six months after launch, and makes up 25%+ of signups in countries with the option  —  In its inaugural upfront advertising event, executives touted the the streaming service’s growing ad tier, and unveiled new sponsorship options. Lees verder op Tech Meme

Montana Governor Greg Gianforte signs the country's first bill that bans TikTok in a state, set to go into effect on January 1, 2024 (Wall Street Journal) 18-05-2023

Wall Street Journal: Montana Governor Greg Gianforte signs the country’s first bill that bans TikTok in a state, set to go into effect on January 1, 2024  —  Ban is slated to take effect next year—if it survives expected litigation  —  Montana’s governor signed the country’s first bill that outright bans TikTok … Lees verder op Tech Meme

Ovulation tracking app Premom agrees to pay $200K to settle with the FTC and state AGs for allegedly sharing user information with third parties without consent (Tatum Hunter/Washington Post) 18-05-2023

Tatum Hunter / Washington Post: Ovulation tracking app Premom agrees to pay $200K to settle with the FTC and state AGs for allegedly sharing user information with third parties without consent  —  The app allegedly shared sensitive user information with China-based companies known for privacy problems Lees verder op Tech Meme