Day: May 31, 2021

Sources: PE firms KKR and CD&R are nearing a deal to buy software company Cloudera and take it private; Cloudera has a market value of nearly $4B (Wall Street Journal)

Wall Street Journal:Sources: PE firms KKR and CD&R are nearing a deal to buy software company Cloudera and take it private; Cloudera has a market value of nearly $4B  —  Agreement to take software firm private could be finalized by Tuesday, sources say  —  Private-equity firms KKR & Co. and Clayton Dubilier & Rice LLC …

Sources: PE firms KKR and CD&R are nearing a deal to buy software company Cloudera and take it private; Cloudera has a market value of nearly $4B (Wall Street Journal) Read More »

China is escalating a crackdown on its online education sector, which received $10B+ in VC funding last year, unraveling plans for several mega-IPOs (Bloomberg)

Bloomberg:China is escalating a crackdown on its online education sector, which received $10B+ in VC funding last year, unraveling plans for several mega-IPOs  —  – A crackdown on predatory practices unravels mega IPOs  — It’s an unprecedented campaign to dial back excesses Source: http://www.techmeme.com/210531/p16#a210531p16

Analysis of 50 public software companies finds that repatriating workloads from public cloud infrastructure could help them reduce their cloud spend by 50% (Andreessen Horowitz)

Andreessen Horowitz:Analysis of 50 public software companies finds that repatriating workloads from public cloud infrastructure could help them reduce their cloud spend by 50%  —  There is no doubt that the cloud is one of the most significant platform shifts in the history of computing. Source: http://www.techmeme.com/210531/p13#a210531p13

Apple releases its supplier responsibility report for 2020, saying there was a reduction in major violations of its code of conduct and no cases of child labor (Bloomberg)

Bloomberg:Apple releases its supplier responsibility report for 2020, saying there was a reduction in major violations of its code of conduct and no cases of child labor  —  – Annual responsibility report covers labor, energy, Covid-19  — Apple stopped providing specific addresses for facilities Source: http://www.techmeme.com/210531/p7#a210531p7

Intuit Reports Third Quarter Results and Raises Full Year Guidance; Grows Small Business Online Ecosystem Revenue 28 Percent in Third Quarter – Business Wire

Intuit Reports Third Quarter Results and Raises Full Year Guidance; Grows Small Business Online Ecosystem Revenue 28 Percent in Third Quarter  Business Wire Source: https://www.businesswire.com/news/home/20210525005789/en/Intuit-Reports-Third-Quarter-Results-and-Raises-Full-Year-Guidance-Grows-Small-Business-Online-Ecosystem-Revenue-28-Percent-in-Third-Quarter

Some residents worry the warehouse boom in PA’s Lehigh Valley, driven by its proximity to NY and e-commerce, is putting long-term economic well-being at risk (Michael Corkery/New York Times)

Michael Corkery / New York Times:Some residents worry the warehouse boom in PA’s Lehigh Valley, driven by its proximity to NY and e-commerce, is putting long-term economic well-being at risk  —  Huge facilities have sprouted up in and around the Lehigh Valley, fueled by the astonishing growth of e-commerce. Source: http://www.techmeme.com/210531/p1#a210531p1

TriNet Announces Appointment of Veteran Board Member, Business Leader and Venture Capitalist, Myrna Soto to its Board of Directors – PRNewswire

TriNet Announces Appointment of Veteran Board Member, Business Leader and Venture Capitalist, Myrna Soto to its Board of Directors  PRNewswire Source: https://www.prnewswire.com/news-releases/trinet-announces-appointment-of-veteran-board-member-business-leader-and-venture-capitalist-myrna-soto-to-its-board-of-directors-301299784.html