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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.

Joint Chiefs chair Gen. Mark Milley tests positive for COVID-19

Photo: Olivier Douliery - Pool/Getty Images

Mark Milley, chairman of the Joint Chiefs of Staff, tested positive for COVID-19 on Sunday.

State of play: Joint Staff spokesperson Col. Dave Butler said in a statement that Milley — who is fully vaccinated and has received a booster shot — is experiencing "very minor symptoms" and is "working remotely and isolating himself."

Momentum builds to ban lawmakers from trading stocks

Illustration: Sarah Grillo/Axios

Some progressive Democrats and MAGA Republicans are uniting on a proposal to ban sitting lawmakers from trading individual stocks, although it's unlikely that leadership will bring the bill up for a vote.

Why it matters: Members of Congress have great power to move stock prices, and great financial incentives to do so.