SoftBank to take control of WeWork: Sources

SoftBank is in very advanced talks to take control of embattled work space company WeWork, according to people familiar with the matter. SoftBank, led by Japanese billionaire Masayoshi Son, plans to spend somewhere between $4 billion and $5 billion on new funding and existing shares, sources say. After the move, Softbank would then have as much as 70% or more control of WeWork. SoftBank hopes the large cash infusion will increase the speed with which WeWork can become free cash flow positive and


SoftBank is in very advanced talks to take control of embattled work space company WeWork, according to people familiar with the matter.
SoftBank, led by Japanese billionaire Masayoshi Son, plans to spend somewhere between $4 billion and $5 billion on new funding and existing shares, sources say.
After the move, Softbank would then have as much as 70% or more control of WeWork.
SoftBank hopes the large cash infusion will increase the speed with which WeWork can become free cash flow positive and
SoftBank to take control of WeWork: Sources Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-10-21  Authors: david faber alex sherman thomas franck, david faber, alex sherman, thomas franck
Keywords: news, cnbc, companies, funding, wework, familiar, company, cash, debt, control, sources, billion, softbank


SoftBank to take control of WeWork: Sources

SoftBank is in very advanced talks to take control of embattled work space company WeWork, according to people familiar with the matter.

SoftBank, led by Japanese billionaire Masayoshi Son, plans to spend somewhere between $4 billion and $5 billion on new funding and existing shares, sources say.

The deal will value WeWork between $7.5 billion and $8 billion on a pre-funding basis and could be announced as soon as Tuesday. It is SoftBank itself taking control, not the start-up focused Vision Fund. After the move, Softbank would then have as much as 70% or more control of WeWork.

SoftBank will be making up to a $3 billion tender offer along with a $1.5 billion acceleration of equity it has already committed and $5 billion in syndicated debt, according to two sources familiar with the matter. SoftBank hopes the large cash infusion will increase the speed with which WeWork can become free cash flow positive and profitable, sources said.

SoftBank exec Marcelo Claure will be involved in the company’s management, likely as chairman, sources said. Former CEO Adam Neumann’s stake will fall to low double digits. Prior to the takeover, SoftBank had already invested $10.65 billion in the space-sharing company. Part of the new funding will debt financing involving warrants that were expiring, the sources said.


Company: cnbc, Activity: cnbc, Date: 2019-10-21  Authors: david faber alex sherman thomas franck, david faber, alex sherman, thomas franck
Keywords: news, cnbc, companies, funding, wework, familiar, company, cash, debt, control, sources, billion, softbank


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Apple’s newest iPhone relies on cameras to hide its lack of innovation

The iPhone 11 Pro and 11 Pro Max are Apple’s newest phones, and both tout a triple-camera setup. But the company’s dedication to familiar technology could be a benefit to the iPhone lineup. Apple ticked that box on the iPhone 11 Pro lineup. This reliance on familiar technology also allows Apple to focus on new ventures, like Apple TV+ and other devices and services Apple has not made public yet. Looking at Apple’s history as the creator of the modern smartphone, it’s disappointing to see a lack


The iPhone 11 Pro and 11 Pro Max are Apple’s newest phones, and both tout a triple-camera setup. But the company’s dedication to familiar technology could be a benefit to the iPhone lineup. Apple ticked that box on the iPhone 11 Pro lineup. This reliance on familiar technology also allows Apple to focus on new ventures, like Apple TV+ and other devices and services Apple has not made public yet. Looking at Apple’s history as the creator of the modern smartphone, it’s disappointing to see a lack
Apple’s newest iPhone relies on cameras to hide its lack of innovation Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-10-12  Authors: dain evans
Keywords: news, cnbc, companies, smartphone, phone, cameras, innovation, relies, apples, newest, technology, apple, phones, samsung, familiar, hide, lack, iphone, pro


Apple's newest iPhone relies on cameras to hide its lack of innovation

The iPhone 11 Pro and 11 Pro Max are Apple’s newest phones, and both tout a triple-camera setup. But this is not new. In fact, it’s one of the last smartphone manufacturers to include a wide-angle lens on its phones. LG added a wide-angle lens to its G5 and V20 phones in 2016, and Samsung introduced it on the Galaxy S10 and S10+ early in 2019. And besides cameras, Samsung has experimented with folding screens, mobile desktop interfaces, gesture controls and more in the past year.

Apple, the company that created the modern-day smartphone, is relying on technology customers are already extremely familiar with, like cameras, and taking a backseat when it comes to smartphone innovation. But the company’s dedication to familiar technology could be a benefit to the iPhone lineup.

Companies that make Android devices have a roster of smartphone firsts that later found their way to Apple products. Motorola built a fingerprint sensor into its Atrix 4G phone back in 2011, 2 years before the iPhone 5S brought TouchID to the iPhone. Also in 2011, Samsung brought big phones into the mainstream with its Note series, creating the “phablet,” or phone-tablet hybrid, something Apple took note of for its Plus and Max versions of iPhones starting with the 6 Plus in 2014.

But at times these innovations come at the cost of quality. Take the Samsung Galaxy Fold for example. Though Samsung wasn’t the first phone company to release a foldable smartphone, it was the largest company to do so, and created the most buzz around the technology in the US. But the phone has not been in good standing, reporting numerous problems with the screen and hinge mechanism.

Apple knows what its customers what. According to a recent study, the camera is one of the five most important features in a smartphone for customers. Apple ticked that box on the iPhone 11 Pro lineup. This same poll also suggests battery life, ease of use, memory and durability as important to phone buyers, most of which were addressed during the iPhone 11 announcement in September. This reliance on familiar technology also allows Apple to focus on new ventures, like Apple TV+ and other devices and services Apple has not made public yet.

Looking at Apple’s history as the creator of the modern smartphone, it’s disappointing to see a lack of innovation on the newest iPhones. It’s also hard to argue with Apple’s decisions when it holds a 41% market share of smartphones in the US. We’ll just have to wait and see what Apple has in store in 2020.


Company: cnbc, Activity: cnbc, Date: 2019-10-12  Authors: dain evans
Keywords: news, cnbc, companies, smartphone, phone, cameras, innovation, relies, apples, newest, technology, apple, phones, samsung, familiar, hide, lack, iphone, pro


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Apple isn’t innovating with the iPhone like it used to

Apple isn’t innovating with the iPhone like it used to8:59 AM ET Sat, 12 Oct 2019Apple, the company that created the modern-day smartphone, is relying on technology that customers are already extremely familiar with, like cameras. It’s also taking a backseat when it comes to smartphone innovation. But could the company’s dedication to familiar technology benefit the iPhone lineup?


Apple isn’t innovating with the iPhone like it used to8:59 AM ET Sat, 12 Oct 2019Apple, the company that created the modern-day smartphone, is relying on technology that customers are already extremely familiar with, like cameras. It’s also taking a backseat when it comes to smartphone innovation. But could the company’s dedication to familiar technology benefit the iPhone lineup?
Apple isn’t innovating with the iPhone like it used to Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-10-12
Keywords: news, cnbc, companies, apple, used, oct, iphone, taking, relying, to859, isnt, technology, smartphone, familiar, innovating, modernday


Apple isn't innovating with the iPhone like it used to

Apple isn’t innovating with the iPhone like it used to

8:59 AM ET Sat, 12 Oct 2019

Apple, the company that created the modern-day smartphone, is relying on technology that customers are already extremely familiar with, like cameras. It’s also taking a backseat when it comes to smartphone innovation. But could the company’s dedication to familiar technology benefit the iPhone lineup?


Company: cnbc, Activity: cnbc, Date: 2019-10-12
Keywords: news, cnbc, companies, apple, used, oct, iphone, taking, relying, to859, isnt, technology, smartphone, familiar, innovating, modernday


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As DOJ nears deal approval, T-Mobile bets Sprint merger is worth giving Dish a new lease on life

T-Mobile and Sprint have decided they are pot committed on their merger, a deal that’s been in the works for years. A deal could be announced as soon as Wednesday, according to people familiar with the matter. Dish could wind up being a far more frightening competitor than Sprint, which would face massive capital constraints and rapidly fleeing customers without a deal with T-Mobile. But given DOJ pushback for a strong fourth player, the limitations on Dish will be minimal, if anything, accordin


T-Mobile and Sprint have decided they are pot committed on their merger, a deal that’s been in the works for years. A deal could be announced as soon as Wednesday, according to people familiar with the matter. Dish could wind up being a far more frightening competitor than Sprint, which would face massive capital constraints and rapidly fleeing customers without a deal with T-Mobile. But given DOJ pushback for a strong fourth player, the limitations on Dish will be minimal, if anything, accordin
As DOJ nears deal approval, T-Mobile bets Sprint merger is worth giving Dish a new lease on life Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-07-22  Authors: alex sherman
Keywords: news, cnbc, companies, nears, deal, pot, matter, worth, lease, ergen, doj, player, tmobile, sprint, poker, life, familiar, giving, wireless, merger, dish


As DOJ nears deal approval, T-Mobile bets Sprint merger is worth giving Dish a new lease on life

There’s a term in poker called “pot committed.” It means arriving at a point in time when it no longer makes sense to fold a hand regardless of the circumstances. When you’re pot committed, you’ve decided to bet whatever it takes, and you just hope your opponents don’t have a better hand.

T-Mobile and Sprint have decided they are pot committed on their merger, a deal that’s been in the works for years. Their transaction, which would form a combined company with an enterprise value of about $160 billion, requires both companies reach an agreement with the Department of Justice about creating a new fourth wireless competitor. A deal could be announced as soon as Wednesday, according to people familiar with the matter. CNBC’s David Faber first reported the Department of Justice would sue to block its deal if an agreement with regulators wasn’t reached this week. The New York Post reported last week a deal was imminent.

That new wireless competitor will be Dish Network, one of the largest U.S. providers of video. Dish has wanted to become a wireless provider for about a decade, spending billions on airwaves that it has been storing for years. Unfortunately for T-Mobile, arguably the worst person the company could be running up against in this situation is Dish CEO and co-founder Charlie Ergen, a famed poker player who is notorious for keeping his cards close to the vest.

Here’s what Ergen said at his first-quarter earnings conference call way back in 2014:

“When I used to play poker and everybody was throwing chips and betting crazy on the table, and I had really good cards, I always felt it was better to sit back and let them go at it,” Ergen said. “Every time they went at it, I’d learn something, and as I sat back they didn’t learn what I had. And I learned to trust my cards. I wasn’t a very good poker player, but when a bunch of drunken fools were throwing money around, occasionally I was able to pick up a pot at the end of the day.”

In recent days, several telecommunications analysts, including Craig Moffett at MoffettNathanson and Jonathan Chaplin at New Street Research, have questioned if a merger that strengthens Dish as a disruptive fourth wireless player is worth it for T-Mobile. Dish could wind up being a far more frightening competitor than Sprint, which would face massive capital constraints and rapidly fleeing customers without a deal with T-Mobile.

Deutsche Telekom, the German telecommunications company that will control the combined Sprint and T-Mobile, is concerned about Ergen’s plans, according to people familiar with the matter. That’s why Deutsche Telekom has spent the last several weeks arguing for limitations on Dish’s ability to sell a percentage of its wireless business to a strategic investor, such as Amazon, Google or a cable operator such as Comcast or Charter.

Spokespeople for Dish, Deutsche Telekom and SoftBank (Sprint’s majority owner) declined to comment.

But given DOJ pushback for a strong fourth player, the limitations on Dish will be minimal, if anything, according to people familiar with the matter. Dish will likely be free to sell an equity stake in its wireless business to whomever it sees fit, meaning that Ergen may have a partner with an enormous balance sheet in a year or two. The extra capital will help Ergen build out a 5G wireless network as its network-sharing agreement with T-Mobile, which people familiar with the matter have said lasts six or seven years, winds down.

Dish will also be immediately incentivized to offer cheaper services than T-Mobile (as well as AT&T and Verizon) to gain subscribers, Moffett wrote. Since Dish will be starting with no subscribers and no average revenue per user to grow for investors, Dish will be in full customer addition mode. This was actually T-Mobile’s strategy for years, undercutting AT&T and Verizon on price and charges for going over data limits after failing to sell to AT&T in 2011.

“If Dish enters the market with a large amount of capacity and no meaningful subscriber base of [average revenue per user] to defend, they would have every incentive in the world to be a disruptive discounter,” Moffett wrote in a note to clients late last week. “One need not believe in a follow-on Dish deal with Amazon, Google or a cable operator to see this as bad for the market, and indeed, worse than the ‘no deal’ scenario for T-Mobile.”


Company: cnbc, Activity: cnbc, Date: 2019-07-22  Authors: alex sherman
Keywords: news, cnbc, companies, nears, deal, pot, matter, worth, lease, ergen, doj, player, tmobile, sprint, poker, life, familiar, giving, wireless, merger, dish


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Symantec and Broadcom cease deal negotiations: Sources

Symantec and Broadcom have ceased deal negotiations, sources tell CNBC’s David Faber. The people familiar with the matter added that Symantec would not accept less than $28 a share. Symantec had surged earlier this month after it was revealed that Broadcom was in advanced talks to acquire the security software vendor. Even without Symantec, Broadcom has been working to acquire an infrastructure software company and has considered Tibco, three people familiar with the matter told CNBC earlier thi


Symantec and Broadcom have ceased deal negotiations, sources tell CNBC’s David Faber. The people familiar with the matter added that Symantec would not accept less than $28 a share. Symantec had surged earlier this month after it was revealed that Broadcom was in advanced talks to acquire the security software vendor. Even without Symantec, Broadcom has been working to acquire an infrastructure software company and has considered Tibco, three people familiar with the matter told CNBC earlier thi
Symantec and Broadcom cease deal negotiations: Sources Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-07-15  Authors: thomas franck
Keywords: news, cnbc, companies, sources, deal, negotiations, software, billion, broadcom, symantec, cease, security, familiar, tibco, technologies, share, matter


Symantec and Broadcom cease deal negotiations: Sources

Symantec and Broadcom have ceased deal negotiations, sources tell CNBC’s David Faber. The people familiar with the matter added that Symantec would not accept less than $28 a share.

People familiar with the matter added that Broadcom indicated in early conversations that it would be willing to pay $28.25 per share for Symantec, but that following due diligence knocked that figure down below $28.

Symantec had surged earlier this month after it was revealed that Broadcom was in advanced talks to acquire the security software vendor. Faber had reported the two sides were negotiating a price and had seen possible synergies of $1.5 billion.

Symantec shares dropped 12.8% to $22.30 on Monday.

Symantec has been dogged in recent years by management turnover and a softer core business as cloud security companies have captured enterprise market share and as newer companies offer ways to protect mobile devices.

Chipmaker Broadcom, in the middle of an acquisition sprint, bought CA Technologies for $19 billion last year and tried to purchase Qualcomm before the U.S. Department of Justice blocked the deal.

Even without Symantec, Broadcom has been working to acquire an infrastructure software company and has considered Tibco, three people familiar with the matter told CNBC earlier this month. Vista Equity Partners acquired Tibco for $4.3 billion in 2014.

Still, the acquisition of a software company could give Broadcom a needed boost as trade tensions hurt its core semiconductor business and its relationship with Chinese telecommunications giant Huawei. Broadcom cut its forecast for chip sales this year by $2 billion after Huawei was blacklisted in May from buying U.S. technologies.


Company: cnbc, Activity: cnbc, Date: 2019-07-15  Authors: thomas franck
Keywords: news, cnbc, companies, sources, deal, negotiations, software, billion, broadcom, symantec, cease, security, familiar, tibco, technologies, share, matter


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Howard Hughes Corp hires Centerview Partners to explore alternatives, including a sale: Sources

Howard Hughes Corp., an owner, manager and developer of different types of real estate throughout the U.S., has hired bankers at Centerview Partners to explore strategic alternatives that include a sale of the company, according to people familiar with the situation. The company, a one time spinoff from General Growth Properties, has been struggling to command a valuation that the board, led by its Chairman Bill Ackman, feels is appropriate for a company with its collection of assets and perform


Howard Hughes Corp., an owner, manager and developer of different types of real estate throughout the U.S., has hired bankers at Centerview Partners to explore strategic alternatives that include a sale of the company, according to people familiar with the situation. The company, a one time spinoff from General Growth Properties, has been struggling to command a valuation that the board, led by its Chairman Bill Ackman, feels is appropriate for a company with its collection of assets and perform
Howard Hughes Corp hires Centerview Partners to explore alternatives, including a sale: Sources Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-06-27  Authors: david faber
Keywords: news, cnbc, companies, partners, developer, sale, assets, including, owner, corp, howard, york, real, estate, sources, collection, explore, hires, centerview, woodlands, familiar, hughes, company


Howard Hughes Corp hires Centerview Partners to explore alternatives, including a sale: Sources

Howard Hughes Corp., an owner, manager and developer of different types of real estate throughout the U.S., has hired bankers at Centerview Partners to explore strategic alternatives that include a sale of the company, according to people familiar with the situation.

The company, a one time spinoff from General Growth Properties, has been struggling to command a valuation that the board, led by its Chairman Bill Ackman, feels is appropriate for a company with its collection of assets and performance metrics.

People familiar with the board’s thinking say it is unclear the company is well suited to the public markets because — unlike most other real estate companies — it is not a REIT, but a C-Corp and has a diverse collection of assets that does not lend itself to the recurring and predictable cash flows real estate investors may be looking for.

The company is both an owner of land, such as 60 acres of beach front in Honolulu, and a developer of residential communities, such as the Woodlands in Houston and commercial developments such as the South Street Seaport, only a few blocks east of the New York Stock Exchange in downtown Manhattan.


Company: cnbc, Activity: cnbc, Date: 2019-06-27  Authors: david faber
Keywords: news, cnbc, companies, partners, developer, sale, assets, including, owner, corp, howard, york, real, estate, sources, collection, explore, hires, centerview, woodlands, familiar, hughes, company


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Inside Apple’s team that greenlights iPhone apps for the App Store

The “executive review board,” or ERB, sets policy for Apple’s Worldwide Developer Relations department, which is often called App Review. Inside the app review team, Apple employees manually screen every single iPhone app before they become available to download on Apple’s platforms, the people said. How the process worksAny app or update that runs on an iPhone needs a stamp of approval from a human being in order to be distributed on Apple’s App Store. App Review was developed shortly after the


The “executive review board,” or ERB, sets policy for Apple’s Worldwide Developer Relations department, which is often called App Review. Inside the app review team, Apple employees manually screen every single iPhone app before they become available to download on Apple’s platforms, the people said. How the process worksAny app or update that runs on an iPhone needs a stamp of approval from a human being in order to be distributed on Apple’s App Store. App Review was developed shortly after the
Inside Apple’s team that greenlights iPhone apps for the App Store Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-06-21  Authors: kif leswing
Keywords: news, cnbc, companies, review, apple, apples, reviewers, team, developers, app, iphone, familiar, apps, greenlights, inside, store


Inside Apple's team that greenlights iPhone apps for the App Store

Phil Schiller, senior vice president of worldwide marketing at Apple Inc., speaks at an Apple event at the Steve Jobs Theater at Apple Park on September 12, 2018 in Cupertino, California. Justin Sullivan | Getty Images

In an inside look at Apple, CNBC has learned from people familiar with the process how the company reviews and approves apps and other iPhone software. The app review process has grown in importance as Apple increasingly emphasizes its App Store services as a source of revenue and iPhone security as a key selling point. In addition, Apple’s platform is drawing new scrutiny as politicians and regulators take a more skeptical look at the power of big tech companies. In the United States, presidential candidate Elizabeth Warren says that Apple competes with the apps on its own platform. Spotify, the streaming music service that competes with Apple Music, has filed a competition complaint with the EU. And Apple’s own developers for years have chafed under App Review’s sometimes arbitrary rejections and boilerplate feedback. People familiar with the matter told CNBC that an executive board led by Apple marketing Senior Vice President Phil Schiller meets every week to discuss controversial apps or other iPhone software programs that may infringe Apple’s App Store guidelines. The “executive review board,” or ERB, sets policy for Apple’s Worldwide Developer Relations department, which is often called App Review. ERB is also the body that makes the final call on whether an app can stay on the store or is banned. For example, last year, the ERB and Schiller made the decision to ban the Infowars app from the App Store for violating content policies after publishing threats to a reporter, a person familiar with the matter said. Inside the app review team, Apple employees manually screen every single iPhone app before they become available to download on Apple’s platforms, the people said. Apple recently opened new App Review offices in Cork, Ireland, and Shanghai, China, according to a person familiar with the matter. The department has added significant headcount in recent years, they added. Last month, Apple published a new webpage that explains the principles that govern the App Store as well as the most common reasons for rejection to show an increased level of transparency over previous years. “We’re proud of the store we’ve built and the way we’ve built it,” Apple said on the page. “We created the App Store with two goals in mind: that it be a safe and trusted place for customers to discover and download apps, and a great business opportunity for all developers,” it continued. Apple declined to comment on its app review process.

How the process works

Any app or update that runs on an iPhone needs a stamp of approval from a human being in order to be distributed on Apple’s App Store. While Apple does use automated filters, people familiar with the department say it’s always relied on manual labor. Unlike content moderators at Silicon Valley companies such as Facebook or YouTube that rely on tens of thousands of contractors, Apple’s app reviewers work for Apple, people familiar with the process said. They’re paid hourly, have employee badges and get Apple benefits such as health care. Everyone starts out reviewing iPhone apps, and as reviewers become more senior, they are trained to evaluate apps with in-app purchases, subscriptions, Apple Watch and Apple TV. The department has more than 300 reviewers and is based out of a pair of offices in Sunnyvale, California — not Apple’s famous Apple Park campus or its older headquarters, Infinite Loop, people familiar with the offices said. Lots of reviewers are fluent in non-English languages, and some teams in the division specialize in individual languages. Apple says its reviewers speak 81 different languages. App Review is organized under the marketing umbrella at Apple and always has been, even before Schiller took over the greater App Store marketing and product departments in late 2015. Although Schiller is involved in decision-making through the ERB, people who worked at the App Review office said that he rarely if ever visits the office where the review takes place. According to people familiar with app review operations, day-to-day oversight mainly falls to a vice president at Apple, Ron Okamoto, and a director who joined Apple when it bought TestFlight in 2015, whom CNBC is not naming because of security reasons. Reviewers say they sometimes receive feedback from developers that can be threatening. App Review was developed shortly after the iPhone App Store was launched in 2008. Apple’s two goals for the department, according to a response to the FCC in 2009 and the webpage published earlier this year, is to create a store where customers can be confident that apps are safe and to provide a level playing field for developers to reach customers, in exchange for a 15% to 30% cut of sales.

Accept, reject or hold

Reviewers “claim” a batch of apps through a web portal on a Mac desktop, called App Claim. They often examine the app on an attached iPad, even if it’s an iPhone app, although there are stations for reviewers to evaluate Watch and TV apps on those devices, people familiar with the process said. (Some developers have said they were surprised to see iPad screenshots of their iPhone apps in their logged communication with App Review.) Reviewers compare the app with Apple’s public App Store guidelines, including making sure it runs without crashing and isn’t full of illegal content. Then the reviewers make a call whether to accept, reject or hold the app. Most reviewers spend only a few minutes per app, but many apps are simple and only require a short period to evaluate, the people said. Reviewers have daily quotas of between 50 and 100 apps, and the number of apps any individual reviewer gets through in an hour is tracked by software called Watchtower, according to screenshots seen by CNBC. Reviewers are also judged on whether their decisions are later overturned and other quality-oriented stats. People who worked at App Review said that work days could be long, especially ahead of Apple’s annual release of its new version of iOS, when app developers update their apps so they’re compatible. One stat that is closely tracked at App Review is called SLA, which stands for service-level agreement. Apple aims for 50% of apps to be reviewed within 24 to 48 hours. When there’s a big queue of apps, the SLA percentage drops, according to reviewers who worked at Apple. On July 30 last year, the SLA fell to 6%, according to a staff email. “Until we catch up, we are opening up 12-hour days,” according to the email seen by CNBC. “Please note that you should not work over 12 hours in one day.” Reviewers generally don’t face horrific or illegal content on a regular basis, although one reviewer said that one time they discovered child pornography in a pending app. The app wasn’t approved and the incident was reported to the FBI, the reviewer said. The bigger concern is that developers can get angry that their livelihood can be threatened by a prolonged review process, and some reviewers wish they could share more details or help more beyond the boilerplate responses they are required to send, they said. Another reviewer said that sometimes they approve what looks like a valid app, but changes can be made on the developer’s server to make it into a scammy app that violates Apple’s guidelines. Sometimes reviewers get dinged for that, the person said.

What happens when an app gets rejected


Company: cnbc, Activity: cnbc, Date: 2019-06-21  Authors: kif leswing
Keywords: news, cnbc, companies, review, apple, apples, reviewers, team, developers, app, iphone, familiar, apps, greenlights, inside, store


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Microsoft and Amazon took a look at Looker before Google’s $2.6 billion purchase

After Google cloud chief Thomas Kurian approached data analytics company Looker about a potential tie-up earlier this year, Looker turned to a familiar face in Silicon Valley for advice: Frank Quattrone. Quattrone’s investment bank, Qatalyst Partners, shopped around for potential bidders and got interest from companies including Microsoft and Amazon, according to people familiar with the matter. Google aggressively pursued Looker, quickly pulling together its $2.6 billion offer, said the people,


After Google cloud chief Thomas Kurian approached data analytics company Looker about a potential tie-up earlier this year, Looker turned to a familiar face in Silicon Valley for advice: Frank Quattrone. Quattrone’s investment bank, Qatalyst Partners, shopped around for potential bidders and got interest from companies including Microsoft and Amazon, according to people familiar with the matter. Google aggressively pursued Looker, quickly pulling together its $2.6 billion offer, said the people,
Microsoft and Amazon took a look at Looker before Google’s $2.6 billion purchase Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-06-06  Authors: ari levy
Keywords: news, cnbc, companies, matter, look, amazon, potential, familiar, led, googles, purchase, google, looker, interest, 26, cloud, billion, microsoft, took


Microsoft and Amazon took a look at Looker before Google's $2.6 billion purchase

After Google cloud chief Thomas Kurian approached data analytics company Looker about a potential tie-up earlier this year, Looker turned to a familiar face in Silicon Valley for advice: Frank Quattrone.

Quattrone’s investment bank, Qatalyst Partners, shopped around for potential bidders and got interest from companies including Microsoft and Amazon, according to people familiar with the matter. Google aggressively pursued Looker, quickly pulling together its $2.6 billion offer, said the people, who asked not to be named because the negotiations were private.

Kurian, who previously led a 35,000-person team at Oracle, has talked publicly about rapidly hiring enterprise salespeople to take on the cloud leaders, but this is his first signature move since taking over as the head of Google’s cloud in November. The purchase of Looker is the third-largest in Google’s 21-year history, behind only Motorola and Nest, and by far the biggest for the cloud business, which was most recently led by VMware co-founder Diane Greene.

Companies turn to Looker ‘s business intelligence software for understanding and visualizing large amounts of complex data for everything from marketing to financial planning.

Google paid a hefty multiple to close the deal. According to a report from Canaccord Genuity, Looker will generate between $140 million and $180 million in revenue this year. At the high end, that comes out to a forward price-to-sales multiple of 14, which is comparable to the most expensive software deals of last year, like SAP’s purchase of Qualtrics and Salesforce’s acquisition of MuleSoft.

In its last fundraising round in December, Looker had 600 employees and was valued at $1.6 billion.

Investors have been waiting for Google to get into the dealmaking game, given the huge advantage that Amazon Web Services has built and the amount of money Microsoft is investing to keep hold of second place. Google had 7.6% of the cloud market at the end of 2018, trailing AWS at 32% and Microsoft at 13.7%, according to Canalys.

“An acquisition was a matter of when, not if,” wrote Aaron Kessler, an analyst at Raymond James, in a report after Thursday’s announcement. “With Looker out of the way, the question turns to ‘What else is on GCP’s shopping list?'”

Kurian started conversations with Looker in the first few months of the year to get a better understanding of the technology and how customers are using it. Those discussions soon turned into M&A talks and led Looker to hire Qatalyst to suss out market interest, people familiar with the matter said. There was some serious interest among potential suitors but nothing rivaling Google’s bid, they said.


Company: cnbc, Activity: cnbc, Date: 2019-06-06  Authors: ari levy
Keywords: news, cnbc, companies, matter, look, amazon, potential, familiar, led, googles, purchase, google, looker, interest, 26, cloud, billion, microsoft, took


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Lions Gate is still interested in selling Starz to CBS — then might have to merge with MGM to stay relevant

It’s the great media paradox: While the amount of content expands, the number of traditional media companies keeps shrinking. CBS is expected to continue talks in the coming weeks with Lions Gate about buying Starz, the premium entertainment network Lions Gate owns, according to people familiar with the matter. Whether or not a Starz deal happens, CBS plans to continue its merger discussions with Viacom, which should heat up in June, according to people familiar with the matter. CBS and Viacom c


It’s the great media paradox: While the amount of content expands, the number of traditional media companies keeps shrinking. CBS is expected to continue talks in the coming weeks with Lions Gate about buying Starz, the premium entertainment network Lions Gate owns, according to people familiar with the matter. Whether or not a Starz deal happens, CBS plans to continue its merger discussions with Viacom, which should heat up in June, according to people familiar with the matter. CBS and Viacom c
Lions Gate is still interested in selling Starz to CBS — then might have to merge with MGM to stay relevant Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-21  Authors: alex sherman
Keywords: news, cnbc, companies, stay, lions, relevant, starz, selling, mgm, cbs, talks, familiar, gate, merge, interested, viacom, discussions, media, premium


Lions Gate is still interested in selling Starz to CBS — then might have to merge with MGM to stay relevant

It’s the great media paradox: While the amount of content expands, the number of traditional media companies keeps shrinking.

CBS is expected to continue talks in the coming weeks with Lions Gate about buying Starz, the premium entertainment network Lions Gate owns, according to people familiar with the matter.

CBS made a preliminary $5 billion offer for the premium channel, which was rejected, CNBC confirmed last week after The Information first reported the talks. No banks have been hired yet, as talks are still early and a deal is far from assured, said the people, who asked not to be named because the discussions are private.

The consolidation of subscale media assets has been discussed for years as an inevitable survival mechanism against Netflix, Amazon and other technology companies willing to spend billions of dollars on content. BTIG media analyst Rich Greenfield has referred to it as penguins banding together to survive the winter.

Whether or not a Starz deal happens, CBS plans to continue its merger discussions with Viacom, which should heat up in June, according to people familiar with the matter. CBS and Viacom controlling owner Shari Redstone is intent on adding scale to CBS, in part so it can afford to renew NFL broadcast rights against much larger bidders.

Spokespeople at Lions Gate and CBS declined to comment.


Company: cnbc, Activity: cnbc, Date: 2019-05-21  Authors: alex sherman
Keywords: news, cnbc, companies, stay, lions, relevant, starz, selling, mgm, cbs, talks, familiar, gate, merge, interested, viacom, discussions, media, premium


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Apple in talks for sensors that could hint it’s building a self-driving car

The talks are focused on next-generation lidar, a sensor that provides a three-dimensional look at the road. The people declined to name the companies Apple has approached. Current lidar systems, including units from Velodyne mounted on Apple’s fleet of self-driving test vehicles, use laser light pulses to render precise images of the environment around the car. In addition to evaluating potential outside suppliers, Apple is believed to have its own internal lidar sensor under development, two o


The talks are focused on next-generation lidar, a sensor that provides a three-dimensional look at the road. The people declined to name the companies Apple has approached. Current lidar systems, including units from Velodyne mounted on Apple’s fleet of self-driving test vehicles, use laser light pulses to render precise images of the environment around the car. In addition to evaluating potential outside suppliers, Apple is believed to have its own internal lidar sensor under development, two o
Apple in talks for sensors that could hint it’s building a self-driving car Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-17  Authors: david paul morris, bloomberg, getty images
Keywords: news, cnbc, companies, talks, apples, selfdriving, sensors, apple, lidar, hint, vehicle, companies, sensor, building, systems, vehicles, car, familiar


Apple in talks for sensors that could hint it's building a self-driving car

Apple has held talks with at least four companies as possible suppliers for next-generation lidar sensors in self-driving cars, evaluating the companies’ technology while also still working on its own lidar unit, three people familiar with the discussions said.

The moves provide fresh evidence of Apple’s renewed ambitions to enter the autonomous vehicle derby, an effort it calls Project Titan. The talks are focused on next-generation lidar, a sensor that provides a three-dimensional look at the road.

Apple is seeking lidar units that would be smaller, cheaper and more easily mass produced than current technology, the three people said. The iPhone maker is setting a high bar with demands for a “revolutionary design,” one of the people familiar with the talks said. The people declined to name the companies Apple has approached.

The sensor effort means Apple wants to develop the entire chain of hardware to guide autonomous vehicles and has joined automakers and investors in the race to find winning technologies.

Current lidar systems, including units from Velodyne mounted on Apple’s fleet of self-driving test vehicles, use laser light pulses to render precise images of the environment around the car. But the systems can cost $100,000 and use mechanical parts to sweep the laser scanners across the road.

That makes them too bulky and prone to failure for use in mass-produced vehicles. The shortcomings have spurred $1 billion in investment at dozens of startups and mature companies alike to make lidar smaller, cheaper and more robust.

Apple’s interest in next-generation lidar sensors comes as it has sharply increased its road testing while bringing on key hires from Tesla and Alphabet’s Google.

It remains unclear whether the goal of Apple’s Project Titan is to build its own vehicle or supply the hardware and software elements of self-driving car while pairing with a partner for the entire vehicle.

But what is clear from Apple’s interest in cheaper lidar systems is that it wants to control the “perception stack” of sensors, computers and software to drive an autonomous vehicle, regardless of who makes the vehicle, another person familiar with the talks said. The three people familiar with the talks declined to be identified because the discussions are not public.

In addition to evaluating potential outside suppliers, Apple is believed to have its own internal lidar sensor under development, two of the people said.

Alphabet-owned Waymo has taken a similar path, assembling a sensor and computer system while inking deals to buy vehicles from Fiat Chrysler.

Apple gets “a lot of optionality by working on the perception stack,” said the second person familiar with the talks. “Bringing a passenger car to the market is really, really hard, and there’s no reason right now they need to jump into it.”


Company: cnbc, Activity: cnbc, Date: 2019-04-17  Authors: david paul morris, bloomberg, getty images
Keywords: news, cnbc, companies, talks, apples, selfdriving, sensors, apple, lidar, hint, vehicle, companies, sensor, building, systems, vehicles, car, familiar


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