NEWSWORTHY
Called it. The much-rumored sale of Intel's flailing smartphone modem business to Apple for $1 billion is finally official. The two companies confirmed the transaction on Thursday, though Intel retains the right to use the modem tech in non-phone devices likes PCs and cars. Not-so-confirmed is the closing of T-Mobile's merger with Sprint . The latest hang-up is the Justice Department apparently trying to convince the 14 state attorneys general that have sued to block the deal to back down. That led to the bizarre situation on Thursday of Minnesota AG Keith Ellison issuing a statement blasting the deal, then pulling the statement off his web site, then having his spokesman say "it wasn't supposed to happen." Stay tuned. The DOJ has scheduled a mystery press announcement for 11 a.m. ET on Friday.
Called it, II. Speaking of news events you probably anticipated, Japanese billionaire Masayoshi Son's SoftBank Group closed the fundraising for its second massive tech investing fund, dubbed the Vision Fund 2, with $108 billion commitments from investors including Apple and Microsoft.
Called it, part three. Okay, I know those last two items were fairly predictable, but this one was an absolute lock. Remember at the height of bitcoin mania in late 2017 when small-cap stock Long Island Iced Tea Corp. changed its name to Long Blockchain, sending its share price up almost 300%? Now the FBI is investigating the company for possible insider trading and securities fraud, Quartz reports. Shocker.
So called it. Predictable? This one was fated, set in stone, undeniable. The Senate finally released a redacted version of its investigation of Russian attacks on the 2016 election. You will not be surprised to learn that the attacks were far more extensive than previously reported and that vulnerabilities likely remain, even as Mitch McConnell is blocking action on a bill to bolster election security. Sigh.
A small addition. We noted yesterday that Chinese ride service Didi Chuxing created a new joint venture with Toyota. The venture also includes a third party, GAC Toyota Motor, which itself is a joint venture between Toyota and Guangzhou Automobile Group.
FOR YOUR WEEKEND READING PLEASURE
A few longer reads that I came across this week that may be appealing for your weekend reading pleasure:
Apple Music's Next Era–And the New Leader Spurring Global Growth (Billboard)
"You hear Tim talk a lot about humanity–how we're at the crossroads between the liberal arts and technology," says Oliver Schusser. "It's got to be both." The new leader of Apple Music (the Tim in question would be his boss, Apple CEO Cook) is relaxing in his sun-drenched corner office at the company's Culver City, Calif., headquarters on a June morning, explaining–in his typically measured way–why the service he oversees hasn't gone all-in on algorithms.
The Video Game Industry Can't Go On Like This (Kotaku)
The wheels of the games industry keep turning, in spite of the strain. So how much bigger can video games get? Video games are only getting more costly, in more ways than one. And it doesn't seem like they're sustainable.
Khashoggi fiancée Hatice Cengiz: 'Jamal was not their enemy' (The Financial Times)
The doctorate student talks over the chain of events that led to the Saudi journalist's killing in Istanbul.
Everything you ever wanted to know about the Rosetta Stone (The British Museum blog)
You've probably heard of the Rosetta Stone. It's one of the most famous objects in the British Museum, but what actually is it? Take a closer look...
FOOD FOR THOUGHT
With all the problems Facebook faces in Washington, D.C., it needs all the allies it can muster. Apparently, co-founder and former top exec Chris Hughes won't be among them. Hughes, it seems, is making the rounds on Capitol Hill to explain why Facebook should be curtailed. It's kind of...ironic, given his half a billion dollar haul from Facebook stock. But as Washington Post reporters Elizabeth Dwoskin and Tony Romm discovered, that hasn't stopped Hughes from making the anti-Facebook case.
After House lawmakers embarked on their broad antitrust investigation of Facebook and its fellow tech giants in June, one of the first people they consulted was Hughes, said Rep. David N. Cicilline (D-R.I.), chairman of the House Judiciary subcommittee on antitrust law. Hughes quietly paid a visit to members of the House's top competition-focused panel earlier this month, meeting with lawmakers and their staff members to pitch many of the issues he raised in his op-ed.
Hughes presented his views as a former Facebook insider, something that lent credence to his arguments, Cicilline said. "It's remarkable and significant to me and my colleagues that someone with such a role in creating the company has the capacity and courage, really, to say, 'We have some challenges, some things to look at.' "
IN CASE YOU MISSED IT
Proposed Federal Law Adds to the Backlash Against Facial-Recognition Technology By David Z. Morris
Netflix's Cancellation of 'Tuca & Bertie' Renews Criticism of Its Perplexing Algorithm By Isaac Feldberg
'Doesn't Pass the Smell Test': Investors Question Recent Developments at WeWork Ahead of IPO By Rey Mashayekhi
Why WeWork Embodies Everything You Need to Know About Investor Sentiment Right Now By Ben Carlson
3 in 10 U.S. Homes Don't Have Broadband: Study By Chris Morris
Ripple's CEO Worried About Regulatory Backlash Over Facebook's Libra Plan By Jeremy Kahn
160 Million Government Records Exposed in Data Breaches Since 2014, Study Finds By Natasha Bach
BEFORE YOU GO
A long-time science fiction staple is turning into reality. A SpaceX rocket last month lofted the Planetary Society's LightSail 2 spacecraft into orbit and, on Tuesday, it was time to test the craft's futuristic feature: a solar sail. The tiny craft, about the size of a shoebox, successfully deployed the sail, which can catch photons from the sun to generate thrust. There's even video.
This edition of Data Sheet was curated by Aaron Pressman. Find past issues, and sign up for other Fortune newsletters.
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