An Apple bid is unlikely, too.
Sources tell Recode that Google and Disney have decided not to go after Twitter and that an Apple bid is unlikely as well. That would seem to leave Salesforce, whose CEO, Mark Benioff, was noncommittal in an interview Wednesday. Meanwhile, amid some internal turmoil, Twitter is aiming to wrap up the sale negotiations by the end of the month. But first someone has to actually bid…
[Kara Swisher and Kurt Wagner | Recode]
Yahoo scanned all the incoming mail of its users for a time last year under an order from a Foreign Intelligence Surveillance Court judge to search for the digital “signature” of a state-sponsored, foreign terrorist organization.
[Charlie Savage and Nicole Perlroth | New York Times]
Burdened by regulatory sanctions and fraud allegations, blood-testing startup Theranos said it would close its labs and wellness centers and lay off about 340 employees, about 40 percent of its workforce. Founder and CEO Elizabeth Holmes said the company would focus on creating miniature medical testing machines.
[John Carreyrou and Christopher Weaver | Wall Street Journal]
As if it didn’t have enough to worry about (what with a “safe” Galaxy Note 7 smoldering on a plane), Samsung is under pressure from activist hedge fund Elliott Management to overhaul its “unnecessarily complex” ownership structure. Samsung said it would think about it.
[Jonathan Cheng and David Benoit | Wall Street Journal]
On the latest episode of Recode Media with Peter Kafka, veteran broadcaster Keith Olbermann said modern media isn’t responsible for the rise of Donald Trump — demagogues like Huey Long and Joe McCarthy were able to exploit fears long before cable TV came along.
[Eric Johnson | Recode]