The biggest tech news you missed over Thanksgiving

The biggest tech news you missed over Thanksgiving


Great early morning, Term Sheet audience. I’m happy to be back again from Thanksgiving split, when I ultimately gave up striving to like turkey and opted for lasagna.

A lot like lasagna (forgive the pun), the information layered on above the extended U.S. vacation as traders continued to take advantage of these bizarre marketplace ailments to IPO or merge with other businesses.

Here are five issues you need to have to know to jumpstart your 7 days:

(Economical) Data IS All the things: In a mega Monday merger, S&P Worldwide agreed to acquire sector data company IHS Markit for an eye-popping $44 billion, like $4.8 billion in credit card debt. The transaction will be finished fully in S&P World-wide inventory. In the meantime, the London Inventory Exchange is trying to get clearance for its strategies to obtain details provider Refinitiv for $27 billion.

AIRBNB AND DOORDASH Look for EVEN Bigger VALUATIONS: Airbnb, which was valued at $31 billion in 2017 right before succumbing to the pandemic with an $18 billion tag earlier this 12 months, has recovered amazingly quickly and may well be in search of a valuation of $30 billion to $33 billion in its roadshow this week, the Wall Street Journal reports. And DoorDash is now searching for a valuation of $25 to $28 billion, just after staying final valued at $16 billion in non-public markets. Read extra.

OH, COINBASE: On Sunday, the New York Occasions revealed an article dependent on discussions and paperwork from 23 current and former Coinbase personnel alleging racism and discrimination in opposition to Black staff. Coinbase sought to get in advance of the tale, releasing a assertion expressing, “We anticipate the tale will paint an inaccurate photograph that lacks complete data and context.” But it is worth noting: About 3% of the company’s workers are Black—less than fifty percent the normal of the rest of the tech industry. Study more.

SALESFORCE-SLACK TALKS: Late final week, reviews emerged that Salesforce was in talks to get Slack for above $17 billion. Salesforce shares have soared this year—making for precious M&A currency—while Slack’s work-from-residence raise teetered in current months as investors worried about competitors from Microsoft. A deal could come as shortly as this 7 days.

TONY HSIEH DIES AT 46: On Friday, Tony Hsieh, the former CEO of Zappos.com, died right after being hurt from a residence fireplace in Connecticut. The Harvard graduate joined the on the internet shoe firm in 1999 and observed it by way of its sale to Amazon in 2009 for $1.2 billion and only retired as its CEO before this calendar year. He was identified for his management experiments that were being hailed both of those wacky and visionary.

Lowercase Capital’s Chris Sacca wrote on Twitter, “Tony Hsieh could be the most original thinker I’ve at any time been friends with. He questioned each individual assumption and shared everything he learned alongside the way. He genuinely delighted in generating any person and everyone pleased. The earth has lost a wonderfully weird and beneficial human being. RIP.”

“My favourite Tony Hsieh memory was seeing him defeat us all breezily in poker and then give our funds to the sellers and servers as recommendations,” tweeted Mark Pincus, co-founder of Zynga. “I will miss out on his silent smiling self confidence.”

Lucinda Shen
Twitter: @shenlucinda
E-mail: lucinda.shen@fortune.com





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