Bending Spoons to acquire AOL

Bending Spoons, one of Europe’s largest mobile app developers, announced on Wednesday that it has agreed to buy AOL from Yahoo, which is backed by private equity giant Apollo. Bending Spoons says it has secured a $2.8 billion debt financing package to support the purchase. The acquisition is expected to close by the end of…

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Former L3Harris Trenchant boss pleads guilty to selling zero-day exploits to Russian broker

Peter Williams, the former general manager at defense contractor L3Harris, has pleaded guilty to selling surveillance technology to a Russian broker that buys “cyber tools,” the U.S. Department of Justice confirmed Wednesday.  “The material, stolen over a three-year period from the U.S. defense contractor where he worked, was comprised of national-security focused software that included…

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Microsoft Azure is down, affecting 365, Xbox, Minecraft, and others

Microsoft Azure, the cloud computing service provided by the company, is experiencing a significant outage on Wednesday. The problems started around noon ET, and Microsoft has acknowledged the issue on the service’s status page. According to Microsoft, “We suspect that an inadvertent configuration change triggered this issue.” The company has not indicated when service will…

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IntrCity SmartBus lands $30M at $140M valuation to deepen its grip on India’s intercity travel market

IntrCity SmartBus, a tech-enabled intercity bus platform in India, has raised $30 million in funding to expand its network across smaller cities and towns in the South Asian nation. The all-equity Series D round, led by A91 Partners, values the Noida-based startup at $140 million post-money. Intercity travel is accelerating in India as more people…

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