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Report: Microsoft in talks to buy TikTok’s US business from China’s ByteDance

Daily Crunch: Microsoft-TikTok acquisition inches closer to reality

A doable Microsoft -TikTok acquisition is inflicting loads of drama, we evaluate Google’s new funds Pixel and SpaceX’s Crew Dragon returns to Earth. Here’s your Daily Crunch for August 3, 2020.

Microsoft-TikTok acquisition inches nearer to actuality

This weekend, Microsoft confirmed stories that it’s in talks to amass TikTok, the favored cellular video app presently owned by Chinese firm ByteDance. It seems like the end result of these talks could finally have much less to do with Microsoft and extra with President Donald Trump.

“Following a dialog between Microsoft CEO Satya Nadella and President Donald J. Trump, Microsoft is ready to proceed discussions to discover a purchase order of TikTok within the United States,” the corporate mentioned in an announcement. “Microsoft absolutely appreciates the significance of addressing the President’s issues. It is dedicated to buying TikTok topic to an entire safety evaluate and offering correct financial advantages to the United States, together with the United States Treasury.”

And certainly, Trump mentioned immediately that he’s not against an acquisition, however that “a really substantial portion of that worth goes to have to return into the Treasury of the United States.” Meanwhile, Chinese web customers are calling ByteDance’s CEO a traitor.

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The tech giants

Google’s funds Pixel 4a addresses its premium predecessor’s greatest downside — Brian Heater opinions the brand new $349 handset.

Facebook launches commerce and connectivity-focused accelerator applications — Facebook’s Commerce Accelerator will choose 60 startups from the EMEA and LATAM areas, whereas Connectivity will function 30 startups from LATAM and North America.

Adobe’s plans for an internet content material attribution customary may have huge implications for misinformation — The mission was first introduced final November, and now the staff has a whitepaper going into the nuts and bolts about how its system would work.

Startups, funding and enterprise capital

YC-backed Artifact appears to make podcasts extra private — Using professionally contracted interviewers, Artifact conducts brief interviews with an individual’s closest buddies or household and turns them into a private podcast.

Founded by a lifelong house-flipper, Inspectify is a market for residence inspections and repairs — Through the platform, consumers can immediately e-book inspections and obtain restore estimates.

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Mobile banking startup Varo is changing into an actual financial institution — The firm introduced that it has been granted a nationwide financial institution constitution from the Office of the Comptroller of the Currency and secured regulatory approvals from the FDIC and Federal Reserve to open Varo Bank, N.A.

Advice and evaluation from Extra Crunch

The important income software program stack — Tim Porter and Elise La Cava of Madrona Ventures define the set of providers utilized by gross sales, advertising and marketing and development groups throughout their portfolio to determine and handle their prospects and income.

Is the 2020 SPAC increase an echo of the 2017 ICO craze? — Alex Wilhelm appears at two new items of SPAC information.

After Shopify’s large quarter, LargeCommerce raises its IPO worth vary — LargeCommerce now intends to cost its IPO between $21 and $23 per share.

(Reminder: Extra Crunch is our subscription membership program, which goals to democratize details about startups. You can enroll right here.)

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Everything else

SpaceX and NASA efficiently return Crew Dragon spacecraft to Earth with astronauts on board — SpaceX’s Crew Dragon seems to have carried out precisely as supposed all through the mission, dealing with the launch, ISS docking, undocking, de-orbit and splashdown in a totally automated course of that saved the astronauts secure and safe all through.

Original Content podcast: Netflix’s ‘Say I Do’ presents a wedding-focused twist on the ‘Queer Eye’ method — I’m not somebody who cares about weddings, however this present made me cry. Multiple occasions!

The Daily Crunch is TechCrunch’s roundup of our greatest and most necessary tales. If you’d prefer to get this delivered to your inbox daily at round 3pm Pacific, you’ll be able to subscribe right here.

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