Amobee, a Foster City, Calif.-based unit of SingTel, has agreed to acquire Turn, a Redwood City, Calif.-demand-side platform for digital advertising, for $310 million.

Why it's the BFD: Because the price-tag is a big disappointment for many of Turn's later-stage investors, who backed a Series E round in 2014 at a post-money valuation north of $700 million. Participants in that deal included Fidelity, BlackRock, ClearBridge Investments, Firsthand Technology Value Fund, Northport Investment Management, Pine River Capital Management, Focus Ventures, Norwest Venture Partners, Shasta Ventures, Western Technology and Trident Capital. There also had been talk about an IPO a couple years back. The Series D post-money was around $164 million in 2011, per PitchBook.

Bottom line: "Turn went through a big transition in 2015 after a period of trying to move to a software as a service (SaaS) revenue model that only serviced brands, not agencies. That didn't work out so well and the company brought on a new CEO, Bruce Falck, the former COO of Yahoo's BrighRoll, to help it pivot back." ― Lara O'Reilly

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Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Global: Total confirmed cases as of 8 a.m. ET: 19,401,935 — Total deaths: 721,906 — Total recoveries — 11,767,805Map.
  2. U.S.: Total confirmed cases as of 8 a.m. ET: 4,942,747 — Total deaths: 161,367 — Total recoveries: 1,623,870 — Total tests: 60,415,558Map.
  3. Politics: Trump says he's prepared to sign executive orders on coronavirus aid.
  4. Education: Cuomo says all New York schools can reopen for in-person learning.
  5. Public health: Surgeon general urges flu shots to prevent "double whammy" with coronavirus — Massachusetts pauses reopening after uptick in coronavirus cases.
  6. World: Africa records over 1 million coronavirus cases — Gates Foundation puts $150 million behind coronavirus vaccine production.

The silver linings of online school

Illustration: Annelise Capossela/Axios

Online learning can be frustrating for students, teachers and parents, but some methods are working.

The big picture: Just as companies are using this era of telework to try new things, some principals, teachers and education startups are treating remote learning as a period of experimentation, too.

Warren and Clinton to speak on same night of Democratic convention

(Photos: Abdulhamid Hosbas/Anadolu Agency via Getty Images, Sean Rayford/Getty Images)

Sen. Elizabeth Warren and Hillary Clinton both are slated to speak on the Wednesday of the Democratic convention — Aug. 19 — four sources familiar with the planning told Axios.

Why it matters: That's the same night Joe Biden's running mate (to be revealed next week) will address the nation. Clinton and Warren represent two of the most influential wise-women of Democratic politics with the potential to turn out millions of establishment and progressive voters in November.