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Peter Kaminski / Flickr Creative Commons

Oracle yesterday announced that it will acquire digital analytics company Moat. No financial terms were disclosed, but multiple sources say the deal value is nearly $1 billion.

Skyscraper: This is a major success story for New York City tech, which has otherwise proven much better and raising capital than at returning it. Particularly notable is that Moat has largely flown under the media radar, whereas many of its neighbors actively court coverage.

Why sell to Oracle? Distribution, distribution, distribution.

Thought process: This is yet another large startup sale where the financial terms are being kept under wraps, per order of the acquirer. Apparently Oracle doesn't want to appear too generous to other potential targets, but the strategy seems short-sighted. Some initial stories about the deal seemed to imply that it was a low-priced acqui-hire, which only serves to devalue Moat in the eyes of potential customers. If enterprise software companies often go public, in part, to increase their perceived staying power, shouldn't the same apply in an M&A scenario?

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The Palestinian Authority on Saturday announced fresh coronavirus restrictions, including a partial lockdown, for the occupied West Bank as COVID-19 cases surge.

The big picture: The new measures come as Israel, which leads the world in vaccinations, faces increased pressure to ensure Palestinians in the occupied West Bank and Gaza Strip have equal access to vaccines.

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Myanmar military fires UN ambassador after anti-coup speech

Photo: Peerapon Boonyakiat/SOPA Images/LightRocket via Getty Images

Myanmar's military regime on Saturday fired the country's Ambassador to the United Nations, Kyaw Moe Tun, a day after he gave a pro-democracy speech asking UN member nations to publicly condemn the Feb. 1 coup, The New York Times reports.

Details: State television said the ambassador had "betrayed the country and spoken for an unofficial organization which doesn’t represent the country and had abused the power and responsibilities of an ambassador."

Scoop: Biden admin call on Putin pipeline provokes GOP anger

Putin chairs a video meeting in July 2020. Photo: Alexei Druzhinin/Sputnik/AFP via Getty Images

A briefing between the State Department and congressional staff over Vladimir Putin's Russia-Germany gas pipeline got tense this week, with Biden officials deflecting questions about why they hadn't moved faster and more aggressively with sanctions to stop its completion.

  • The Biden officials also denied negotiating with the Germans over a potential side deal to allow the pipeline to be finished.