• image

    This puppy is sad you haven't joined the 1,100-plus readers who support the Ticker with a $10-per-month subscription.

    Our Friday editions and "Top 20 Stories of the Week" emails are for paid subscribers only. Click here to subscribe now.

    Special thanks to Daniel, Thomas and the other readers who started paid subscriptions last week!

  • Trending on the Ticker

  • Amazon is designing its own AI chips for Alexa devices, according to a source for The Information; would likely improve Alexa's speed because more processing would take place on device, rather than in the cloud - Link

  • Amazon is laying off hundreds of corporate employees in Seattle and hundreds more globally, according to sources for The Seattle Times; the cuts reportedly focus on Amazon's consumer retail operations; several employees say the company's recent hiring spree left multiple departments over budget; Amazon's Seattle offices have about 40k employees - Link

  • Representatives for Qualcomm and Broadcom are set to meet on Feb 14 to discuss a $121B takeover offer, according to Reuters sources; Qualcomm previously rejected the unsolicited bid, but the company is expected to hold a shareholder vote on March 6 - Link

    Update: Broadcom secures $100B-worth of financing from numerous banks and investment firms for its takeover bid, according to sources for The Wall Street Journal; Bank of America, Deutsche Bank, KKR, and others are offering Broadcom credit facilities and bridge financing; follows a $5B commitment from Silver Lake - Link

    Update 2: Broadcom confirms it has secured up to $100B financing for its Qualcomm bid; Broadcom is offering $82 per share in cash and stock - Link

  • General Dynamics ($63.3B market cap) acquires government IT firm CSRA for $9.6B; the company provides a range of IT services to a number of government agencies covering health, security, and safety - Link

  • Instacart raises $200M on a $4.2B post-money valuation led by Coatue Management and Glade Brook Capital; the firm provides grocery deliveries for a number of supermarket chains including Albertsons, Costco, and Whole Foods; raised $900M to date - Link