Tech news picked on 2026-09-21
Naver Gives Up on Acquiring Baemin, Uber Deal Expected to Conclude in the Second Half of 2027
- Naver announced in a re-disclosure on September 17 that it will not acquire a stake in Baedal Minjok.
- The remaining matter is Uber's tender offer to purchase all of Delivery Hero shares at 41.50 euros per share, and even after the subscription period ending on November 5, it will require approval from competition authorities in multiple countries, expected to be finalized in the second half of 2027.
- For teams dealing with Baemin, although the owner is decided, the state remains unchanged for over a year, so it is appropriate to arrange contracts considering this.
WSJ: Manus Negotiates Investment at $4 billion Valuation After Meta Acquisition Falls Through
- Manus, whose $2 billion acquisition by Meta was blocked by Chinese authorities, is reportedly negotiating to raise $500 million at a company valuation of $4 billion, according to The Wall Street Journal.
- Even after relocating its headquarters to Singapore, the deal was halted due to regulations in the country where it was founded.
- Teams considering moving headquarters with the intention of overseas sales should count the time spent erasing data and buying back shares after a failed deal rather than just focusing on valuation.
Google Location Data Fine Also Covers 'Web & App Activity' Settings
- Ireland's Data Protection Commission fined Google €403 million and ordered it to correct the processing within 6 months.
- Among the three target functions, the issue was that location data was processed within 'Web & App Activity' even though the name does not mention location.
- If location collection in the app is tied to the switch for other activity records, it is the same structure.
- It is also notable that the decision was only made now regarding processing up until 2020.
Three Cases Where the Personal Information Protection Act Fine Ceiling Rises from 3% to 10%
- From September 11, there are three cases where the maximum fine under the Personal Information Protection Act rises up to 10% of total sales.
- Among these, two are based not on the size of the incident but on previous dispositions and orders.
- For startups, it is more practical to focus on the repetition baseline of 3 years from the disposition date rather than the ceiling amount.
- If you only blocked one leaked place and finished, check other systems where similar issues might arise.