With an offer of $135 million, TV network and digital publisher Univision won the auction for bankrupt Gawker Media, beating out the only other bidder, Ziff Davis. Univision will get all seven of Gawker Media’s sites, including Gawker.com. Gawker founder Nick Denton pronounced himself pleased, though the price was well below the $250 million value that Denton had put on the company last year.
[Peter Kafka | Recode]
Intel didn't move fast enough to capitalize on the shift from PCs to mobile devices, and it's determined to make up ground in virtual reality. At its developer conference, the company showed off Project Alloy, an all-in-one wireless VR headset, and announced a partnership with Microsoft that will enable all future Windows 10 PCs to support mixed reality applications. Also announced: A licensing deal with rival ARM to produce ARM-based chips in Intel factories.
[Ina Fried | Recode]
Ford aims to have a fleet of fully autonomous cars on the road in five years as part of a ride-hailing service, and it's investing in a handful of startups — including Velodyne, which makes a laser-based radar system — to help it get there. No word though on a ride-hailing partner or acquisition.
[Johana Bhuiyan | Recode]
Snapchat has a revenue target of $300 million this year, up from $50 million last year, and it's telling investors that it could be a $500 million to $1 billion business in 2017. How is it making money from all those disappearing videos? The old-fashioned way: Advertising.
[Kurt Wagner | Recode]
China's Huawei doesn't have much visibility as a smartphone brand in the U.S., but that's not stopping it from launching another nameplate here, starting with the $399 Honor 8, which will be sold unlocked over the internet.
[Ina Fried | Recode]
