7/13: McNabb stepping down as Vanguard CEO; Report: Roku heading for 2017 IPO



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Vanguard CEO McNabb to Step Down (Bloomberg)

Buffett, Malone explore investment in Sprint: sources (Reuters)


FanDuel and DraftKings are dropping their merger (Recode)

Internet TV company Roku hires banks for 2017 IPO (CNBC)

Exclusive: SAP Opens Probe Into South African Unit Kickback Reports (NY Times)

Uber Backers Discuss Stock Sale to SoftBank, Others (Bloomberg)


Juicero does to its staff what your hands can do to its overpriced juice sacks (The Register)
Campbells a major investor.


AstraZeneca Pops On Report CEO Won't Jump Ship For Teva Pharma (IBD)





at 4:18 PM 0 comments

Q2 VC funding by region

If you look closely, you'll see Philadelphia

Q2 VC funding by region




Source: PwC | CB Insights MoneyTree Report Q2 2017 via Axios Pro Rata


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This under-the-radar e-commerce giant is the NBA’s new best friend (Recode)
On Michal Rubin's Fanatics Inc.

Another Mega Deal Lost
(Multichannel News)
FBN says Verizon is not pursuing Disney, but Gasparino hints entertainment giant likely in play.

SAP wants to bridge the gap between IoT and business data (TechCrunch)

IBM’s Watson, Despite Hype, Outgunned in A.I., Says Jefferies (Barron's Tech Trader Daily)




at 12:42 PM 0 comments

7/11: Philly start-up targets 'Wild West' of online advertising; EQT to acquire Princeton pharmaceutical services firm Certara



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Philly start-up targets 'Wild West' of online advertising (Philly Deals)

EQT to acquire pharmaceutical services firm Certara (Reuters)

Oracle, Amazon, Google, and Salesforce finally agree on something (The Register)

Workday to open up cloud platform, enters PaaS fray (ZDNet)

MetroCast buy pricey but ‘makes sense’ for Cogeco, which needs to get out of Canada, analyst says (FierceCable)

FanDuel is weighing whether to drop its merger with DraftKings (Recode)




at 12:15 PM 0 comments

7/9 : Publicis folds Philly unit Evolvr; Cerner CEO Neal Patterson dies from cancer at age 67



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Publicis Cuts 8% of Digitas Health Staff in North America, Folds Philly Unit Evolvr (Ad Week)

AstraZeneca sells off Fairfax campus for $50 million (Wilmington News Journal)

‘A profound loss’: Cerner CEO Neal Patterson dies from cancer at age 67 (Kansas City Star )
Cerner also owns the former Siemens Health Services in Malvern.

AT&T’s Blockbuster Deal for Time Warner Hangs in Limbo (NY Times)

Apple sees iTunes market share slip as competition increases from Amazon & Comcast for films (9to5mac)


Nevada developer to build 1M-square-foot warehouse (LVB.com)


at 6:58 PM 0 comments

Canada's Cogeco buying Frazer-based MetroCast from Harron in $1.4 billion deal

Tom Paine







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Canadian telecommunications firm Cogeco Communications Inc. announced yesterday that is acquiring Frazer (Chester County)-based MetroCast from Harron Communications LP for $1.4 billion.


If the name Harron is familiar, it was a major cable TV provider in the Philadelphia and Boston areas. In 1999, its cable systems were sold to Adelphia Communications, which soon afterward failed in a major finincial corruption scandal, for $1.2 billion. Much of its Philly and Boston footprints eventually ended up in Comcast's hands.

MetroCast was a new Cable / Broadband service pieced together by Harron after selling the bulk of Harron Communications. It covers 236,000 homes and business in New Hampshire, Maine, Pennsylvania and Virginia. Cogeco is buying the assets through its subsidiary, Atlantic Broadband. It bought Atlantic Broadband in 2012 for $1.36 billion, then bought MetroCast’s Connecticut operations for $200 million in 2015.

MetroCast is expected to achieve $230 million in revenue in 2017.


at 3:54 PM 0 comments

‘A profound loss’: Cerner CEO Neal Patterson dies from cancer at age 67 (Kansas City Star )
Cerner also owns the former Siemens Health Services in Malvern.

AT&T’s Blockbuster Deal for Time Warner Hangs in Limbo (NY Times)

Apple sees iTunes market share slip as competition increases from Amazon & Comcast for films (9to5mac)


Nevada developer to build 1M-square-foot warehouse (LVB.com)


at 5:15 PM 0 comments

Weekend Highlights: QVC to merge with rival Home Shopping Network; EY Intuitive Expands Its Operations in Philadelphia



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Comcast is ‘stealing’ TiVo tech, Trump transition operative says (FierceCable)

First Data Completes Acquisition Of CardConnect

QVC to merge with rival Home Shopping Network (Washington Post)

EY Intuitive Expands Its Operations in Philadelphia, Pennsylvania (Area Development News)

An eyewitness history of SaaS in twelve chapters (Phil Wainewright/ Diginomica)

The Wires Are Unraveling for Verizon’s Landline Buyer
(Fortune)









at 2:00 PM 0 comments

Dish, Amazon chiefs discuss wireless partnership: WSJ (Reuters)


Trump Team Takes Steps to Keep Chinese From Westinghouse (Bloomberg)

Campbell's acquires Oregon-based organic company (Philadelphia Business Journal)


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7/5: SEI buys Midwest fintech company for $80M; Report: App banker SoFi to add 400 jobs in Delaware



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Dropbox Is Getting Ready for the Biggest Tech IPO Since Snapchat (Fortune)

Drop out, Tune in: Why the twin brothers behind this Seattle startup set up a tech outpost in Alaska (GeekWire)

Tune acquired Bob Moul's Artisan Mobile a couple of years back.


App banker SoFi to add 400 jobs in Delaware (Delaware Business Now)

SEI buys Midwest fintech company for $80M (Philadelphia Business Journal)


Flexdrive brings on-demand weekly car sharing to Philly, South Jersey (Philly.com)


Verizon for Disney? Due Your Own Diligence, Says RBC (Barron's Tech Trader Daily)

Tongue & cheek putdown of NY Post, which I find fairly credible on media stories; sources within Murdoch empire?


at 10:02 AM 0 comments

How Boxed Hit $100 Million in Sales in Three Years (Bloomberg Video)



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