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Photo: Adam Berry/Getty Images

Google is in talks to acquire D2iQ, an enterprise cloud software company formerly known as Mesosphere, Axios has learned from a source close to the situation.

Pricing: Expectations are that D2iQ would be valued north of the $250 million that D2iQ has raised from venture capitalists, but less than the $775 million valuation it received via its Series D round in 2018.

But, but, but... It's not a done deal, and still may not happen. At least one D2iQ is said to oppose the transaction.

  • D2iQ laid off 34 employees, or 13% of its workforce per Business Insider, although those were unrelated to the acquisition talks.
  • Investors include Khosla Ventures, Andreessen Horowitz, Koch Disruptive Technologies, and T. Rowe Price.

Between the lines: Google originally developed Kubernetes, the open source server-management technology that D2iQ has integrated into its software offerings, and this acquisition could help Google better compete with Amazon and Amazon when marketing cloud offerings to developers. (edited) 

Neither D2iQ and Google responded to Axios' requests for comment.

Go deeper

Jul 15, 2020 - Economy & Business

Cloud gaming is finally having its moment

Reproduced from ABI Research; Chart: Axios Visuals

Revenue from cloud gaming is expected to explode in the next four years, according to a new report from ABI Research, commissioned by InterDigital, a mobile technology research and development company.

Why it matters: Higher broadband speeds and penetration from 5G connectivity will make cloud computing gaming more accessible to the masses.

30 mins ago - Health

Treasury begins dispersing $350 billion in COVID relief funding to states and localities

Treasury Secretary Janet Yellen. Photo: Tasos Katopodis/UPI/Bloomberg via Getty Images

The U.S. Treasury on Monday began giving state and local governments access to $350 billion in emergency funding from the American Rescue Plan, the department announced Monday.

Why it matters: Though the money is aimed at helping state, local, territorial and tribal governments recover from the pandemic's economic fallout, the administration will generally give them wide latitude on how they can use the funds.

Game developers break silence around salaries

Illustration: Annelise Capossela/Axios

Developers are sharing their salaries on Twitter under the hashtag #GameDevPaidMe to encourage pay transparency in their industry.

The big picture: The hashtag started circulating last year, but has returned periodically as developers fight for better working conditions. Salary sharing is a way to equalize the field. By removing the secrecy, as well as the stigma, around discussing pay, workers have more power to advocate for themselves when negotiating salaries and raises.