Apr 20, 2017

Oracle paying nearly $1 billion for Moat

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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Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Global: Total confirmed cases as of 1 p.m. ET: 691,867 — Total deaths: 32,988 — Total recoveries: 146,613.
  2. U.S.: Leads the world in cases. Total confirmed cases as of 1 p.m. ET: 125,433 — Total deaths: 2,201 — Total recoveries: 2,612.
  3. Federal government latest: The first federal prisoner to die from coronavirus was reported from a correctional facility in Louisiana on Sunday.
  4. Public health updates: Fauci says 100,000 to 200,000 Americans could die from virus.
  5. State updates: Louisiana governor says state is on track to exceed ventilator capacity by end of this week — Cuomo says Trump's mandatory quarantine comments "really panicked" people
  6. World updates: Italy reported 756 new deaths, bringing its total 10,779. Spain reported almost 840 dead, another new daily record, bringing its total to over 6,500.
  7. What should I do? Answers about the virus from Axios expertsWhat to know about social distancingQ&A: Minimizing your coronavirus risk
  8. Other resources: CDC on how to avoid the virus, what to do if you get it.

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Cuomo: Trump's mandatory quarantine comments "really panicked people"

New York Gov. Andrew Cuomo said in a press conference Sunday that President Donald Trump's unexpected Saturday announcement of a possible "short-term" quarantine of New York, New Jersey and parts of Connecticut to curb the spread of the coronavirus "really panicked people."

Why it matters: Though Trump ruled out the mandatory quarantine later that day, Cuomo said people still called "all night long" asking about the comments and many likely fled the New York area — possibly spreading the virus further.

U.S. coronavirus updates: Fauci suggests death toll could top 100,000

Data: The Center for Systems Science and Engineering at Johns Hopkins; Map: Andrew Witherspoon/Axios

Anthony Fauci, director of the National Institute of Allergy and Infectious Diseases, said on CNN Sunday that models suggest COVID-19 will infect millions of Americans and could kill 100,000–200,000, though he stressed that the projections are "such a moving target."

The big picture: With more than 121,000 people infected, the U.S. has the most COVID-19 cases in the world, exceeding China and Italy, per data from Johns Hopkins. A second wave of American cities, including Boston, Detroit, New Orleans and Philadelphia, reported influxes of cases on Saturday.

Go deeperArrowUpdated 2 hours ago - Health