Industry News Update – Week of 6/4/2018:

Last week, Microsoft acquired Github for $7.5 billion.

Xiaomi planned to raise $3 billion in its IPO that is expected to occur in July 2018.

MachineZone appointed Kristen Dumont as the company's new CEO. She previously worked as the COO of Machine Zone. Gabriel Leydon, MachineZone's past CEO, will lead the cryptocurrency initiatives of the company’s Satori technology.

Taxify's valuation increased to $1 billion after the company raised $175 million in a funding round led by Daimler.

Lyft acquired Motivate, a bike-sharing platform, for roughly $250 million to compete with Uber’s acquisition of JUMP.

The news articles and links presented below are available for your reference.

GITHUB

"Microsoft Confirms It Has Acquired GitHub for $7.5 billion"

LYFT

"Report: Lyft Agrees to Buy Motivate in Big Bikeshare Deal"

MACHINEZONE

"Kristen Dumont Named Chief Executive Officer of Machine Zone"

TAXIFY

“Uber's European Rival Taxify Wins Unicorn Status Raising Funds"

XIAOMI

 "China's Xiaomi Eyes $3 Billion CDRs in $10 Billion July Listing Plan: Sources"