Selfie app Snow, once a Snapchat clone, raises $50M from SoftBank and Sequoia China

 It’s been a while since we heard from Snow, the Snapchat clone app in Asia that Facebook once tried to buy, but today the company behind it has scooped up a $50 million investment from SoftBank and Sequoia China.
Snow was started by Naver, the Korean firm behind popular messaging app Line, and it had proven popular in Japan, Korea, China and other markets in Asia thanks to a focus on… Read More

Icahn, Deason to jointly push Xerox to explore selling itself, other options: WSJ

(Reuters) – Investor Carl Icahn and Darwin Deason, the biggest- and third-largest shareholders of Xerox Corp, jointly plan to push the printer and photocopier maker to explore options, including a sale of the firm, the Wall Street Journal reported on Sunday.

Toshiba considering IPO for memory chip unit: FT

TOKYO (Reuters) – Toshiba Corp is considering an IPO of its prized memory chip business if an agreed $18 billion sale of the unit to Bain Capital fails to gain antitrust approval by the end of March, the Financial Times reported on Monday.

Icahn, Deason call on Xerox to explore options, including sale: WSJ

(Reuters) – Hedge fund investor Carl Icahn and another major owner of Xerox Corp stock, Darwin Deason, are pushing the digital print technology provider to explore strategic alternatives, including a sale, the Wall Street Journal reported on Sunday.

Sphero lays off dozens as it shifts focus to education

 Sphero was ready to conquer the world last year. The company quintupled its product release schedule, flying high with the help of a Disney licensing deal that gave the world several Star Wars droids and talking Spider-Man and Lightning McQueen robots. But following a holiday season that failed to live up to expectations, the company recently laid off 45 staff members globally, TechCrunch… Read More

Facebook to open digital training hubs in Europe

BRUSSELS (Reuters) – Facebook said on Monday it will open three new centers in Europe to train people in digital skills and committed to training one million people over the next two years, part of the social media giant’s drive to show its contribution to the bloc.

2018 might be Amazon’s year to take a leading role in online advertising

 With WPP’s over 200,000 employees and a $75 billion media book, Sir Martin Sorrell has a uniquely privileged insight into the future of the online advertising industry. And he believes that 2018 might be the year that a third company joins what he calls the Facebook/Google “duopoly” in online advertising and search. Read More

Crunch Report | Google and Tencent ink patent agreement

Google inks a patent deal with Tencent, Tile lays off 30 people and Apple hires the tech team from Silicon Valley Data Science (SVDS). All this on Crunch Report. Read More