Tech Nuggets with the Technology

Sunday, July 5, 2020

Uber, Postmates agree on $2.65 billion all-stock deal: Report

Postmates was last valued at $2.4 billion, when it raised $225 million in a private fundraising round last September. https://ift.tt/31JTWmV https://ift.tt/eA8V8J

Amazon, Google Said to Face Tough Rules Under India's E-Commerce Draft

India's latest e-commerce policy draft includes steps that could help local startups and impose government oversight on how companies handle data. https://ift.tt/3iBcz28

Uber Agrees to Buy Postmates in $2.65-Billion All-Stock Deal: Report

Uber Technologies has agreed on a deal to buy food-delivery app Postmates Inc in a $2.65 billion all-stock agreement, Bloomberg News reported late Sunday, citing people familiar with the matter. https://ift.tt/31K1mGJ

Samsung's second-quarter chip sales unlikely made up for smartphone weakness: Analysts

At Samsung Electronics Co Ltd, demand for its chips from data centres bulking up to meet a surge in work-from-home traffic was not likely enough to offset muted sales of its smartphones in the second quarter, analysts said. https://ift.tt/3f3usVn

France won't ban Huawei, but encouraging 5G telcos to avoid it: Report

The head of the French cybersecurity agency ANSSI said there would not be a total ban on using equipment from Huawei in the rollout of the French 5G telecoms network, but that it was pushing French telcos to avoid switching to the Chinese company. https://ift.tt/2NYsIAO

UK PM Boris Johnson to phase out Huawei's 5G role within months: Report

British Prime Minister Boris Johnson is expected to begin phasing out the use of Chinese tech giant Huawei's technology in Britain's 5G network as soon as this year, The Daily Telegraph reported on Saturday. https://ift.tt/2VRFcP7

China chipmaker SMIC to raise $6.55 billion in Shanghai share sale

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Florida becomes first state to enact a DNA privacy law, blocking life, disability, and long-term insurers from accessing genetic data (John Haughey/Washington Examiner)

John Haughey / Washington Examiner:
Florida becomes first state to enact a DNA privacy law, blocking life, disability, and long-term insurers from accessing genetic data — Florida on Wednesday became the nation's first state to enact a DNA privacy law, prohibiting life, disability and long-term care insurance companies from using genetic tests for coverage purposes.

Sources: Uber's board of directors has approved a $2.65B acquisition of Postmates in an all-stock deal, expected to be announced as soon as Monday (Bloomberg)

Bloomberg:
Sources: Uber's board of directors has approved a $2.65B acquisition of Postmates in an all-stock deal, expected to be announced as soon as Monday — - Uber plans to annouce tie-up with food delivery rival Monday — Uber Technologies Inc.'s board of directors has approved …

LG sees 'window of opportunity' to make a comeback in India smartphone market

LG is seeking to scale up local manufacturing by 15 times until Diwali and expand distribution. https://ift.tt/3gxMsYn https://ift.tt/eA8V8J

10 popular apps and websites blocked in China

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Netflix's deep catalog of Black programming is the envy of Hollywood and was largely built after a shift in culture following executive departures in 2018 (Ben Smith/New York Times)

Ben Smith / New York Times:
Netflix's deep catalog of Black programming is the envy of Hollywood and was largely built after a shift in culture following executive departures in 2018 — The company didn't set out to build a big library of Black programming, but now it's the envy of its rivals.

Connie Loizos / TechCrunch:
LA-based telehealth veterinary service Airvet raises $14M Series A led by Canvas Ventures — Telemedicine is becoming more widely embraced by the day — and not just for humans. With a pet in roughly 65% of U.S. homes, there is now a dizzying number of companies enabling vets to meet …