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  • Trending on the Ticker

  • @Snapchat invests undiscl amount in @JelloLabs, the creator of apparel shopping app @Spring: Report; Spring raised $25M from @BoxGroupNYC, @Google Ventures & @ThriveCapital among others in April; Jello Labs is open to raising additional $5.7M according to regulatory filings - Link

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  • Microsoft offered $55B for @Salesforce but founder & CEO Marc Benioff (@Benioff) wanted $70B: Report; the co's failed to reach agreement & discussions have not been re-engaged; there were talks to allow Benioff to roll his 5.7% Salesforce stake into Microsoft shares, other shareholders would have been paid in cash - Link

  • @HP splitting into HP Inc & HP Enterprise will cost ~$400-$450M; the cost will be split equally between the entities; CEO @MegWhitman says separating the co's will give them better focus in the markets they serve - Link

  • Apple pursuing local TV in its Apple TV service, could delay its launch; negotiations w/ broadcast TV networks have been complicated since broadcasters often have an affiliate or franchise system & don't own all of their local stations - Link

  • @Uber seeking $1B credit facility w/ banks: Report; recently got in touch w/ number of large banks asking them how much they would be willing to commit; ~7 banks are expected to contribute to the credit line - Link

    Note: @Jason is an investor in Uber.