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IT services company Atos plans IBM-style split

CIO Business Intelligence

French multinational IT services company Atos is planning to split in two, much as IBM spun out its legacy-focused managed infrastructure services business to form Kyndryl in November 2021. IBM was still broadly profitable when it split, having made a net profit of $5.7 It’s a Hail Mary move for Atos. Legacy losses.

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Absolute Software to buy Seattle-based NetMotion for $340M

GeekWire

The news: Absolute Software , a publicly-traded security software company, agreed to acquire Seattle-based security startup NetMotion for $340 million. Founded in 2001, NetMotion helps employees at more than 3,000 organizations access resources from devices both on premises or remotely in the cloud. Absolute reported revenue of $30.7

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Interview: Expedia’s new leaders from Apple and Verizon hope to help travel giant bounce back

GeekWire

In 2001, Expedia Group embarked on a shopping spree. Over the course of nearly two decades, the Seattle travel platform snatched up more than 40 companies with a combined worth of nearly $13 billion. If you’re not sure what each of those companies does or why you’d want to use them, you’re not alone. Expedia Photo).

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Tech Moves: Expedia board director Skip Battle resigns; Madrona promotions; Vacasa’s new CFO

GeekWire

He originally joined the travel company’s board in 2005. AskJeeves was acquired in 2005 by IAC, the internet media company run by Barry Diller, who is also chairman of Seattle-based Expedia Group. The company posted revenue of $4.2 Its net loss for the first nine months of this year was $2.2 billion in 2019.

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Welcome to the crypto ice age

Vox

FTX co-founder and CEO Sam Bankman-Fried resigned and filed for bankruptcy last week, after his company imploded. | Cheese — you’ve kept a bunch of your net worth in Chuck E. You know, go back to 2001: A lot of the dumb dot-com companies got washed out, but it laid the foundations of fiber optic cables and broadband and e-commerce.

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Q&A with former Zillow CEO Spencer Rascoff on his new SPAC that just raised $350M

GeekWire

Spencer Rascoff knows quite a bit about taking a company public. Now, the former Zillow Group CEO is trying his hand at one of the hottest trends in tech today: SPACs, or special purpose acquisition companies. There was high demand as the company increased its initial offering by $50 million. GeekWire Photo / Kurt Schlosser).

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The Gates split: While the money is outrageous, here’s why the divorce likely won’t be

GeekWire

Mark Zuckerberg famously — and legally — established his net worth at $19 billion the day before his wedding to Priscilla Chan. The company growth after that date likely is community property. This meant Larson, who retired from the company in 2001, had to pay tens of millions in additional money to his soon-to-be ex-wife.

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