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  • Trending on the Ticker

  • Six of Tesla’s nine-member board say they are considering Elon Musk’s proposal to take the company private; James Murdoch, Brad Buss, and four other members issued the memo, noting they would look at financing for the deal; Musk has suggested a price of $420 per share, and says he’s secured backing; if the board approves the proposal, it would value the firm at $85B - Link

  • Magic Leap One Creator Edition headset goes on sale for $2.3k; the AR device runs on an Nvidia Tegra X2 chip and features 128GB storage; promises three hours of continuous use on a single charge; includes Bluetooth and Wi-Fi connectivity (AT&T is set to add cellular data support soon); shipping to select regions of the US (customers can check their zip code here); buyers can pay an additional $500 which includes 24-hour device replacement - Link

    Update: Adi Robertson provides first impressions of Magic Leap One Creator Edition; says the mixed reality experience is better than current standards, but notes the 3D graphics still aren’t realistic; field-of-view also limited; Robertson says the headset (Lightwear) is lightweight and comfortable, while the computer module (Lightpack) is unobtrusive - Link


  • Patreon acquires white label membership firm Memberful; terms undisclosed; Memberful provides tools to let users create their own subscription offerings; it will remain a standalone brand - Link

  • Bytedance, a China-based newsgroup, is raising ~$3B on a $75B post-money valuation, according to sources for The Wall Street Journal; the company was valued at $30B following a round last year, but shares have since sold privately at a company valuation of $62B; follows reports the firm is considering an IPO; Bytedance owns popular news app Toutiao - Link

  • AT&T ($238.4B market cap) acquires full control of video distribution firm Otter Media from The Chernin Group (TCG); terms undisclosed, but analysts estimate the deal is worth more than $1B; Otter started as a joint venture between AT&T and TCG; it owns Ellation, which in turn oversees video subscription services Crunchyroll and VRV - Link