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  • Amazon will have billions in cash left over after writing Whole Foods check
    Posted by Casey Coombs on 06/27/2017 at 11:54 AM

    Amazon.com Inc. has about $7.8 billion left in its war chest after subtracting the $13.7 billion needed to buy Whole Foods Market Inc. That's according to Amazon's reported first-quarter cash and equivalents. Amazon's cash on hand hasn't dipped that low since the third quarter in 2014, when the company reported $6.9 billion in cash on hand. Considering the Seattle e-commerce company spent only $103 million on acquisitions last year and hasn't spent more than $900 million a year since it bought […]

  • Sprint enters talks with Charter, Comcast: Report
    Posted on 06/27/2017 at 11:50 AM

    Sprint Corp. has agreed to exclusive talks with Charter Communications Inc. and Comcast Corp., The Wall Street Journal reports. The article, based on unnamed sources, said Overland Park-based Sprint (NYSE: S) has agreed to talk about combinations exclusively with the two cable companies for a two-month period. While much of the speculation has been about some form of merger between Sprint and T-Mobile U.S. Inc. (NYSE: TMUS), any such effort will have to wait, according to the report. Talks wit […]

  • Here's where Steve Case is headed on his next 'Rise of the Rest' tour
    Posted by Drew Hansen on 06/27/2017 at 11:15 AM

    Revolution LLC CEO Steve Case has laid out plans for his next “Rise of the Rest” bus tour, where he will invest $500,000 in startups from outside of traditional entrepreneurial centers. Case’s upcoming tour will touch down in the Pennsylvania towns of Harrisburg, Lancaster and York all on Oct. 10, then head to Ann Arbor, Michigan, on Oct. 11, Indianapolis on Oct. 12, Columbus, Ohio, on Oct. 13 and finish up in Green Bay, Wisconsin, on Oct. 17. Baltimore — a destination for the "Rise of […]

  • 'Decency Pledge' for VC firms proposed after Silicon Valley sex scandal
    Posted by Cromwell Schubarth on 06/27/2017 at 11:13 AM

    Silicon Valley venture investors are rallying around a call for their industry to adopt a "Decency Pledge" in the wake of accusations of sexual harassment by one of them. LinkedIn co-founder Reid Hoffman, who is also a VC at Greylock Partners, posted the pledge on his professional networking site on Friday. Click here to get the free TechFlash Silicon Valley newsletter. The post came a day after The Information published a story in which six women accused Binary Capital co-founder Justin Caldbeck […]

  • Sumo Logic scores $75M in round it hopes takes it to an IPO
    Posted by Cromwell Schubarth on 06/27/2017 at 11:00 AM

    The Redwood City machine data analytics platform provider said it has tripled its subscription revenue and user base since it last raised funds two years ago. […]

  • Training company helps cable industry find military veterans for reliable workforce help
    Posted by Greg Avery on 06/27/2017 at 10:47 AM

    A partnership between a Colorado-based training company and nonprofits in Virginia and Florida connects vets with jobs and aims to reduce turnover for the cable and broadband industry. […]

  • Augmented reality startup Car360 fuels Atlanta expansion with $3.5M raise from Mark Cuban, BIP Capital
    Posted by Urvaksh Karkaria on 06/27/2017 at 10:30 AM

    Mark Cuban-backed augmented reality startup Car360 has raised $3.5 million and will add 60 jobs. Atlanta-based Car360 (formerly Egos Ventures) develops computer vision and augmented reality software for the auto industry. The Series A was led by Atlanta-based BIP Capital and included billionaire and Dallas Mavericks owner Cuban. Atlanta-based Service Provider Capital also invested in the Series A. The $5 million recently launched fund is backed by service providers from around the Southeast, including […]

  • IBM now has 165 employees at its Buffalo 'Innovation Center'
    Posted by Dan Miner on 06/27/2017 at 10:09 AM

    McGuire Development Co. is putting the finishing touches on the Buffalo Billion-funded project anchored by IBM, which is taking up about 100,00 square feet in Fountain Plaza south tower. […]

  • WSJ: Sprint enters talks with Charter, Comcast
    Posted on 06/27/2017 at 1:19 AM

    Sprint Corp. has agreed to exclusive talks with Charter Communications Inc. and Comcast Corp., The Wall Street Journal reports. The article, based on unnamed sources, said Overland Park-based Sprint (NYSE: S) has agreed to talk about combinations exclusively with the two cable companies for a two-month period. While much of the speculation has been about some form of merger between Sprint and T-Mobile U.S. Inc. (NYSE: TMUS), any such effort will have to wait, according to the report. Talks wit […]

  • Massachusetts' 10 biggest tech fundings so far in 2017
    Posted by Kelly J. O'Brien on 06/26/2017 at 11:24 PM

    If you want evidence of the (technological) diversity of Greater Boston's startup scene, look no further than the list of companies that have pulled down at least $50 million so far in 2017. The 10 companies on our list, which was compiled with the help of market researcher PitchBook, run the gamut from daily fantasy sports to enterprise data management — a long-standing staple of Boston tech. But it's also clear from the list that Massachusetts is positioning itself to ride the next wave of […]

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