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Equinix completes $3.6 billion deal to buy 29 data centers from Verizon

Data center Equinix, an international data center company based in Redwood City, California, announced today that it had completed the purchase of 29 data centers from Verizon for $3.6 billion. The deal was announced in December. Verizon owns AOL, which owns TechCrunch. The acquisition greatly expands the Equinix footprint including giving it access to to Latin America through the Bogota, Colombia,… Read More


Source: Tech Crunch

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Awesomeness is launching a news division aimed at Gen Z

 Awesomeness, the digital media company programming content for a young, YouTube-obsessed audience, is getting into news. The company announced a new project called Awesomeness News at its NewFronts presentation today in New York. The editorial brand will focus on stories aimed at the “Gen Z” audience, including those on issues they care about, like politics, social justice… Read More


Source: Tech Crunch

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Theranos reaches settlement with investor Partner Fund Management

 Beleaguered blood diagnostics startup Theranos has reached a settlement with hedge fund management firm Partner Fund Management. PFM invested $96.1 million in Theranos’ Series C-2 round in 2014, helping to pop the company up to a $9 billion valuation. However, the hedge fund opened a lawsuit against Theranos last year saying the company had tricked it into investing “through a… Read More


Source: Tech Crunch

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With Series A funding from Benchmark, Prefer takes the wraps off its new marketplace

 Between Thumbtack, Yelp, Angie’s List, and Amazon, it wouldn’t appear that the world needs a new platform that matches customers with service professionals. That’s not the way that Julio Vasconcellos sees it, clearly. Vasconcellos has spent the last year-plus working on a services platform called Prefer that relies exclusively on trusted referrals, replacing the wisdom… Read More


Source: Tech Crunch