On the eve of an IPO that would have valued it under $2 billion, AppDynamics sold to Cisco for $3.7 billion. AppDynamics makes software to help companies monitor and maintain their business systems, and the acquisition is part of Cisco’s shift away from hardware. — [Ari Levy / CNBC]
Recode Daily: Cisco snatched up AppDynamics for $3.7 billion just ahead of its IPO
The IPO pricing would have valued it under $2 billion.
President Trump is set to sign orders today expediting work on a border wall and targeting sanctuary cities. He’s also preparing orders banning entry to people from a half-dozen Muslim-majority countries and suspending the U.S. refugee program. Meanwhile, the administration is ordering multiple agencies to stop their social media activity and other public communication. — [Jerry Markon, Robert Costa and Abigail Hauslohner / Wall Street Journal]
In the next update to iOS 10, Apple will start limiting how often apps can prompt customers to rate and review them in the App Store. — [Ina Fried / Recode]
With “Manchester by the Sea,” Amazon made Oscar history as the first internet company to notch a Best Picture nomination. The recognition gives Amazon a leg up on Netflix as they compete in the prestige-movie market. — [Ben Fritz and Laura Stevens / Wall Street Journal]
Toshiba is planning to spin off its chip business and hopes to raise about $1.8 billion by selling 20 percent of the new company. Toshiba is trying to offset a multi-billion dollar writedown for its U.S. nuclear business. — [Taro Fuse / Reuters]
Top Stories From Recode
Wang has already been involved with some of tech’s most promising startups.
Kevin Scott, senior VP of engineering at LinkedIn, is joining its new parent company.
Before joining Apple in 2014, Musa Tariq headed up Nike’s digital marketing.
Shall we call it Target Pay?
This Is Cool
The Nerdwriter uses the Monopoly joke to explain how every casually delivered word is carefully chosen.
This article originally appeared on Recode.net.
See More:
