Will Louch / Financial Times:
Thoma Bravo agrees to buy UK-based cyber security company Darktrace for $7.75 per share, a 20% premium on its April 25 closing price, valuing the company at $5B  —  Offer comes less than two years after private equity group previously held talks about buying cyber security company

Sherry Qin / Wall Street Journal:
ByteDance says it has no plans to sell TikTok, responding to a report suggesting that it is considering scenarios for selling a majority stake in US TikTok  —  The company was responding to a report by The Information that it is considering scenarios for selling a majority stake in TikTok’s U.S. business

Vlad Savov / Bloomberg:
TechInsights teardown: Huawei’s Pura 70 uses a 7nm chip, similar to the Mate 60, and a Kirin 9010 processor, a newer version of the Mate 60 Pro’s Kirin 9000s  —  – The Pura 70 relies on a 7nm chip similar to the Mate 60’s  — Washington has stepped up efforts to curb Chinese chipmaking

Financial Times:
Sources: the US is urging Japan, South Korea, and the Netherlands to tighten export controls to China, including stopping engineers from servicing Chinese fabs  —  Washington urges Japan, South Korea and the Netherlands to tighten supply of tools and technology

Camomile Shumba / CoinDesk:
New rules that allow UK law enforcement agencies to seize, destroy, or transfer crypto holdings used for crime before making an arrest take effect  —  Law enforcement agencies will no longer need to wait for an arrest to seize crypto.  — New powers that will make it easier …

Katie Robertson / New York Times:
Former Twilio CEO and co-founder Jeff Lawson buys The Onion from G/O Media, via his new company Global Tetrahedron; Lawson had long wanted to buy the site  —  The satirical news website was bought by a new firm in Chicago that took inspiration for its name, Global Tetrahedron, from a book written by The Onion’s staff.

CoinDesk:
Consensys sues the US SEC over what it calls the “unlawful seizure of authority” over ethereum, after receiving a Wells notice for its MetaMask wallet product  —  By offering their MetaMask wallet software, the SEC says Consensys is acting as an unregistered securities broker.

Chris Miller / Financial Times:
The CHIPS Act has been surprisingly successful so far, giving the US greater scope to meet critical infrastructure needs in the event of a crisis in East Asia  —  More than halfway through its incentives spending, the US will have far greater scope to manage shocks

Tom Warren / The Verge:
Microsoft Q3: Windows OEM revenue up 11% YoY, devices revenue down 17% YoY, overall gaming revenue up 51% YoY, and Xbox content and services revenue up 62% YoY  —  Microsoft just posted the third quarter of its 2024 fiscal financial results.  The software maker made $61.9 billion in revenue and a net income of $21.9 billion during Q3.

Akash Sriram / Reuters:
Alphabet announces its first-ever dividend and authorizes the repurchase of up to an additional $70B of its Class A and Class C shares  —  Alphabet (GOOGL.O) announced its first-ever dividend of 20 cents per share on Thursday, returning capital when the Google parent is spending billions …