Exclusive: Google sweetens Fitbit concessions, EU okay in sight – sources (Reuters)

Reuters: Exclusive: Google sweetens Fitbit concessions, EU okay in sight – sources . “Alphabet’s Google has tweaked concessions aimed at allaying EU antitrust concerns about its $2.1 billion purchase of Fitbit FIT.N, people familiar with the matter said, putting it on course to secure EU approval for the deal.”

Sports Collectors Daily: Lelands Acquires Brown Brothers Photo Archive

Sports Collectors Daily: Lelands Acquires Brown Brothers Photo Archive. “A well-known photography archive, with roots in the early 20th century, has been acquired by Lelands. The company has acquired the archives of Brown Brothers, recognized as the most comprehensive American stock photo library covering events of the 20th century. Included are images of some of the most famous athletes in American history.”

New York Post: Quartz up for sale just two years after it was sold by Atlantic Media

New York Post: Quartz up for sale just two years after it was sold by Atlantic Media. “Even before the pandemic, pressure was mounting on the eight-year-old financial news operation. In May 2019, the company imposed deep cuts, laying off 80 people, or 40 percent of its staff, after it said business dropped by 54 percent during the first quarter of that year. The editorial staff at that time was reduced to 50 people from 85. In its most recent earnings report, the company said that its revenue from Quartz plunged to $5 million in the first half of 2020 from $11.6 million a year earlier.” I loved Quartz until it started beating me over the head with a heavy paywall.

Reuters: Headwinds for Google as rivals, customers criticise Fitbit concessions

Reuters: Headwinds for Google as rivals, customers criticise Fitbit concessions. “Google’s bid to win EU approval for its $2.1 billion (£1.62 billion) purchase of Fitbit FIT.N faces headwinds as rivals and customers argue concessions to EU antitrust regulators do not go far enough, two people familiar with the matter said on Friday.”

MarketWatch: Russia’s ‘Google’ Yandex joins super-app race with $5.5 billion offer for online bank Tinkoff

MarketWatch: Russia’s ‘Google’ Yandex joins super-app race with $5.5 billion offer for online bank Tinkoff. “Shares in TCS Group Holdings rose almost 7% on Wednesday, after the Russian bank said it is in talks to sell its online bank Tinkoff to Russian technology giant Yandex for almost $5.5 billion. The two companies said late on Tuesday they had come to an agreement in principle on a cash-and-shares offer that would value London-listed Tinkoff at $5.48 billion, or $27.64 a share. The offer represents an 8% premium over Tinkoff’s closing share price on Sept. 21.”

New York Times: This Deal Helped Turn Google Into an Ad Powerhouse. Is That a Problem?

New York Times: This Deal Helped Turn Google Into an Ad Powerhouse. Is That a Problem?. “Google owns the world’s leading search engine, it operates the largest video-hosting service in YouTube, and its popular web browser, email, map and meeting software is used by billions of people. But its financial heft — the source of nearly all its enormous profits — is advertising. And perhaps no day was more pivotal in transforming Google into a powerhouse across the entire digital advertising industry than April 13, 2007, when the company clinched a deal to buy DoubleClick for $3.1 billion.”

‘There’s No There There’: What the TikTok Deal Achieved (New York Times)

New York Times: ‘There’s No There There’: What the TikTok Deal Achieved. “The saga of TikTok had everything: Ominous threats of surveillance. A forced fire sale. Threats of retaliation. Head-spinning deal terms that morphed by the hour. Dark horse bidders and a looming deadline. Now, as the dust settles on the weeks of drama over the social media app, investors and others are asking what it was all for.”

TechCrunch: The TikTok deal solves quite literally nothing

TechCrunch: The TikTok deal solves quite literally nothing . “After debasing the idea of free commerce in the U.S in the name of a misplaced security concern, stringing along several multi-billion dollar companies that embarrassed themselves in the interest of naked greed, and demanding that the U.S. government get a cut of the profits, the TikTok saga we’ve been watching the past few weeks finally appears to be over. A flurry of announcement late Saturday night indicate that the TikTok deal was actually a politically-oriented shakedown to boost the cloud infrastructure business of key supporters of the President of the United States.”

CNN: Trump says he has approved a deal for purchase of TikTok

CNN: Trump says he has approved a deal for purchase of TikTok. “President Donald Trump said Saturday he has approved a deal between TikTok’s parent company, ByteDance, and Oracle (ORCL), temporarily averting a ban on TikTok in US app stores. The Commerce Department confirmed in a statement Saturday evening that it would delay — by one week — restrictions that were originally to take effect on Sunday.”

Deutsche Welle: ByteDance to pursue partnership with Oracle to avoid US sale of TikTok

Deutsche Welle: ByteDance to pursue partnership with Oracle to avoid US sale of TikTok. “Chinese tech company ByteDance will seek a partnership deal with US tech company Oracle Corp, sources familiar with the negotiations said Monday, hoping for a workaround that will avoid a forced sale of TikTok in the US. Instead of the expected buyout of the video-sharing app’s US operations, the latest proposal would see Oracle become ByteDance’s tech partner, taking over management of TikTok’s US user data and storing it in Oracle’s cloud servers.”

CNN: Walmart is joining Microsoft in the pursuit of TikTok

CNN: Walmart is joining Microsoft in the pursuit of TikTok. “Walmart is partnering with Microsoft in an attempt to buy TikTok, as the popular yet embattled short-form video app seeks a US buyer amid intense political scrutiny. The retail giant told CNN Business Thursday it is participating in the negotiations with Microsoft over a potential deal. CNBC was first to report the effort by the two companies.”

New York Times: How TikTok’s Talks With Microsoft Turned Into a Soap Opera

New York Times: How TikTok’s Talks With Microsoft Turned Into a Soap Opera. “Pushed by President Trump, who has ordered TikTok’s U.S. operations to be sold or to cease operating, ByteDance is now discussing selling parts of TikTok’s global operations to several potential bidders. And with so many groups jumping into the talks to get a piece of any deal, all are trying to drive their own interests and agendas.”