At its Worldwide Developers Conference, Apple announced that it was opening up Siri to outside developers (setting the stage for its Amazon Echo-like play), introduced a live Sling TV channel package for Apple TV, showed off a redesigned Apple Music and laid out what its next generation of software will look like. Click below for the full Recode rundown of WWDC 2016.
[Recode Staff]
Microsoft is buying LinkedIn for $26.2 billion. Here's why: LinkedIn's stock has plummeted in the last year as the company revised down its earnings projections. Microsoft has cash to spend, and LinkedIn's vast user base will give Microsoft's AI technology some serious data to work with. In turn, this move will put serious pressure on Google to up its cloud services game.
[Peter Kafka, Ina Fried and Arik Hesseldahl | Recode]
Now that LinkedIn has been bought, Wall Street thinks that Twitter — which just marked the one year anniversary of former CEO Dick Costolo's exit — could be up next. The company's share price has fallen almost 60 percent in that time.
[Kurt Wagner | Recode]
Daily fantasy sports services FanDuel and DraftKings both spend a ton of money in marketing to compete against each other, and they both face the same giant regulatory problems. That's why the two companies are reportedly talking about a merger, at the behest of investors.
[Alex Sherman and Scott Soshnick | Bloomberg]
Sony has set an October 13 release date for its $399 virtual reality headset. Though Sony is getting in the VR game against Oculus and HTC late, it has two advantages: The low price tag, and an impressive-sounding catalog of games that will be available in the fall as well.
[Takashi Mochizuki | The Wall Street Journal]
