THE NEWS WRAP: Re/code acquired by Vox Media
Tuesday, May 26, 2015/
Vox Media has acquired technology news website Re/code for an undisclosed amount.
Re/code’s founders Walt Mossberg and Kara Swisher said in a statement the site would benefit from Vox Media’s marketing, communications and sales teams.
“We want to assure you that this combination is designed to bolster and enrich Re/code, and that we will continue to publish under the same name and leadership, with editorial independence,” they said.
“We will also continue to hold our signature Code conferences, and even add new ones, again with the same core team and the same philosophy.”
Turkish online payments startup raises $8 million
Turkish payments platform Iyzico has raised more than $8 million in Series B funding in order to expand its research and development team, according to TechCrunch.
The round was led by the International Finance Corporation, with participation from VC 212, Endeavor Catalyst and Speedinvest.
The latest capital injection brings Iyzico’s total capital raising to more than $12 million to date.
Chief executive Barbaros Ozbugutu said in a statement the company’s goal was to become the Stripe of Turkey.
“It is particularly exciting to work with the IFC – a body with tremendous knowledge and experience in the financial tech sector worldwide,” he said.
“Having become the leading payment solution for online businesses and enterprises in Turkey, Iyzico is enthusiastic to take its technology global.”
Periscope launches on Android devices
Twitter’s live-streaming app Periscope is launching on Android devices today, two months after launching on the App Store.
Unlike Apple users, people using Periscope on Android will be able to resume broadcasts where they left them in case they are interrupted by a phone call.
Periscope for Android will be available to people using Version 4.4 or higher of KitKat.
The Dow Jones Industrial Average is down 190.48 points, falling 1.04% to 18,041.54. The Aussie dollar is currently trading at around 78.7 US cents.