Judge Rules CRISPR-Cas9 Belongs to Broad Institute | Crunch Report

TL;DR

Verizon is close to finalizing an acquisition deal with Yahoo that is $250 million less than the original agreement, following two data breaches at Yahoo.

Transcript

verizon gets a 250 million dollar discount for Yahoo judge rules that Christopher Cassadine belongs to the Broad Institute to make her bought lays off thirty percent of its workforce and more it's Wednesday februari 15 and this is crunch report what up TechCrunch land I'm tired on Wednesday sometimes you just gotta hustle so I hope you're all hustl... Read More

Key Insights

• 😚 Verizon and Yahoo are close to finalizing a new acquisition deal that reduces the price by $250 million.
• 😷 The court ruling regarding the ownership of gene editing technology patents has significant implications for future developments in medical treatments and disease cures.
• 🎥 Khan Academy is expanding its offerings beyond STEM education to include lessons on virtual cameras, effects, and animations from renowned movie directors and animators.
• 🖐️ MakerBot, a 3D printing company acquired by Stratasys, has laid off 30% of its workforce as part of cost-cutting efforts.
• 😒 MakerBot is shifting its focus from consumer use to enterprise and education markets due to the slow adoption of 3D printing by the average consumer.
• ❓ The Crunch Report is available on multiple platforms, including iTunes, YouTube, and Alexa.
• 🈹 Verizon's potential discount on the Yahoo acquisition has positively impacted Yahoo's stock price.

Questions & Answers

Q: Why is Verizon negotiating a new acquisition deal with Yahoo?

Verizon is renegotiating the acquisition deal with Yahoo due to the two data breaches that occurred at Yahoo, which affected the company's value.

Q: How much is Verizon going to pay for the Yahoo acquisition now?

The new acquisition deal with Yahoo is $250 million less than the original agreement of $4.8 billion, but the exact amount has not been disclosed yet.

Q: Who owns the patents for gene editing technology?

The Broad Institute of MIT and Harvard has been ruled as the owner of the patents for gene editing technology, not the University of California Berkeley.

Q: What is Verizon's goal with the acquisition of Yahoo?

Verizon aims to expand its digital media businesses by acquiring Yahoo, following its previous acquisition of AOL.

Summary & Key Takeaways

• Verizon and Yahoo are nearing a new acquisition deal with a price tag that is $250 million lower than the previous agreement of $4.8 billion.

• After two data breaches at Yahoo, Verizon had the opportunity to ask for a discount or drop the deal altogether.

• A court ruling states that the Broad Institute, not the University of California Berkeley, owns the patents for gene editing technology.