
IAC’s Dotdash, a collection of websites including Investopedia, Brides, Serious Eats and Simply Recipes, will join with Meredith, the companies announced Wednesday. Dotdash’s CEO Neil Vogel will lead the group, which the companies say will reach more than 175 million people online. The deal is expected to close by year’s end. IAC is paying $42.18 per share, funded by cash and debt, or about $2.1 billion. IAC values Meredith at $2.7 billion including debt.
This story is from the October 09, 2021 edition of Techlife News.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,000+ magazines and newspapers.
Already a subscriber? Sign in
This story is from the October 09, 2021 edition of Techlife News.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,000+ magazines and newspapers.
Already a subscriber? Sign in

UK'S NEW ONLINE SAFETY LAW ADDS TO CRACKDOWN ON BIG TECH COMPANIES
British lawmakers have approved an ambitious but controversial new internet safety law with wide-ranging powers to crack down on digital and social media companies like TikTok, Google, and Facebook and Instagram parent Meta.

THE AVERAGE LONG-TERM US MORTGAGE RATE EDGED UP TO 7.19% THIS WEEK, SLIGHTLY BELOW ITS 2023 HIGH
The average long-term U.S. mortgage rate edged up again this week, another setback for wouldbe homebuyers navigating an increasingly less affordable housing market.

NASA SPACECRAFT DELIVERING BIGGEST SAMPLE YET FROM AN ASTEROID
Planet Earth is about to receive a special delivery — the biggest sample yet from an asteroid.

CISCO BUYING CYBERSECURITY FIRM SPLUNK FOR $28 BILLION, BOLSTERING DEFENSES AS USE OF AI WIDENS
Cisco is buying the cybersecurity firm Splunk in a $28 billion deal as it bolsters its defenses against potential security threats that may be heightened by the widening use of artificial intelligence.

TECH COMPANIES TRY TO TAKE AI IMAGE GENERATORS MAINSTREAM WITH BETTER PROTECTIONS AGAINST MISUSE
Artificial intelligence tools that can conjure whimsical artwork or realistic-looking images from written commands started wowing the public last year. But most people don’t actually use them at work or home.

'ELON MUSK' OFFERS A REVEALING BUT NOT SURPRISING PORTRAIT OF TECH MOGUL
For those who have been paying attention to Elon Musk for at least the past couple years, Walter Isaacson’s biography of the tech billionaire doesn’t feel that surprising.

CHINA SAYS EU PROBE INTO CHINESE ELECTRIC VEHICLE EXPORTS.SUBSIDIES IS PROTECTIONIST
China’s Commerce Ministry has protested a decision by the European Union to investigate exports of Chinese electric vehicles, saying Thursday that it is a “protectionist” act aimed at distorting the supply chain.

ARM HOLDINGS SHARES RISE 10% IN BIGGEST INITIAL PUBLIC OFFERING SINCE LATE 2021
Shares of U.K. chip designer Arm Holdings rose 10% in their stock market debut, in what is the largest initial public offering of shares in nearly two years.

COMMUTING MAKES A COMEBACK AS EMPLOYERS TRY TO PUT THE PANDEMIC IN THE REARVIEW
If you think U.S. roads have gotten busier on your morning commute, you’re not alone.

NASA RELEASES UFO REPORT AND SAYS MORE SCIENCE AND LESS STIGMA ARE NEEDED TO UNDERSTAND THEM
NASA said Thursday that the study of UFOs will require new scientific techniques, including advanced satellites as well as a shift in how unidentified flying objects are perceived.