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At-home brewing company Keurig just acquired the soda MD to create a beverage mega-group.
[The Hustle]( Tues, Jan 30
Brought to you by [QuickBooks]( fear no tax season.
2 Mergers and a Maybe: The M&A roundup the world needs right now
Mergers and acquisitions⦠three words that bring giant and sometimes not-so-giant corporations together under one huge, carbon-footprint-inducing roof.
Here are a few high-profile deals that caught our eye, and one potential behemoth that could rear its head in the near future.
Merger: Sanofi acquires its second biotech company this month
Yesterday, the French drugmaker agreed to buy the Belgian biotech company Ablynx for [$4.8B](.
Ablynx is its second high-profile biotech deal this month, after reeling in Bioverative for [$11.6B](.
There has been a relatively large [uptick]( biotech mergers in 2018 (with half as many this month as there were in all of 2017), and Sanofiâs leading the charge -- making one of their most expensive purchases in 7 years.
Merger: thatâs Keurig Dr. Pepper to you, pal
Keurig Green Mountain, the company behind everyoneâs favorite non-biodegradable coffee pods, has acquired the drink supergroup Dr. Pepper Snapple in a $[21B]( pileup.
This makes it an even bigger supergroup, (dare we say megagroup?), now known as Keurig Dr. Pepper, expected to hit [$11B]( in yearly revenue.
Maybe: Dell is in talks to âreverse mergeâ with VMware
Dell technologies is considering a sale to VMware, the [$60B]( cloud computing company that Dell is currently an 80% owner of.
This odd move is known as a âreverse merger,â and it gets slightly more odd: The acquisition would allow Dell to go public for the second time after [re-privatizing]( back in 2013.
This deal is far from finalized, but if it goes through, it could help Dellâs investors -- who backed their company move in 2013 -- monetize their deal, and also pay down their [$50B]( of debt.Â
Not to mention it would be the biggest deal in tech history.
Two and a Half Mergers
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You gotta fight! (DUN DUN) For your right! (DUN DUN) To reeeeeppaaair
Anyone whoâs spent an afternoon at the âGenius Barâ or paid top-dollar at an âauthorized repairâ shop knows the pain of trying to fix a device thatâs controlled by Apple -- AKA, the maaan.Â
Luckily, [17 states]( are raging against the difficult-to-repair machine, introducing bills this year to make standard parts and manuals available to the general DIY public.
And now Washingtonâs taking it to the next level, proposing legislation that would actually [ban manufacturers]( from designing products that âprevent reasonable diagnostic or repair functionsâ by the average joe.
Itâs all part of the âright to repairâ battle
Tech manufacturers have a vested interest in keeping total control over the repair process, claiming that itâs a security measure against malicious attackers.Â
However, supporters of the bills point to the post-sale monopoly this creates -- and the independent repair shops that currently operate in a legal grey area, using counterfeit parts from China, or recycled components.
Itâs not just Apple taking heat⦠itâs companies like John Deere
John Deereâs tractors are surprisingly high tech -- and if one of them breaks down, they have to be taken to a designated repair shop to be fixed.
Thatâs a [huge pain in the corncob for farmers]( who canât exactly take the weekend off from taking care of their crops to drive to a dealership.
Long story short, this fight is bigger than your cracked iPhone screen. And if the bills pass (most of them are still in the early stages), big tech manufacturers nationwide may have to revisit their business models.
[Got a 5S with the screen cracked](
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Stravaâs heat map is a huge security screw-up
Back in November, fitness tracking app Strava published the [Global Heatmap]( a seemingly cool interactive that used 13 trillion GPS points to show where people were the most active between 2015 and 2017.
But the feature came with a âmajor security oversight:â turns out, soldiers use fitness trackers too -- and their movements, which show up on the map, were used to pinpoint the location of [US military bases](.
Howâs that?
On the map, populated areas are illuminated with the activity of millions of users. But in sparser areas (i.e. âwar zonesâ), the map is pitch black -- and upon closer examination, one can make out faint outlines of activity in or around US military bases.
The revelation was first pointed out on [Twitter]( and within hours, many users had used the map to identify secret CIA sites in Somalia, missile systems in Yemen, and US Special Operations bases in Africa.
The data, [said one analyst]( offers âa mine of information to anyone who wants to attack or ambush US troops in or around the bases.â
Whose fault is this?
Strava does offer users an [enhanced privacy mode]( that allows them to opt out of data sharing -- though the appâs privacy settings have come under heat in the past for not being very straightforward.
Still, soldiers probably shouldnât be publicly tracking their locations -- or even using these devices at all.Â
And the blame for that falls partly on our government: the Pentagon has [openly endorsed]( the usage of Fitbits among military members as far back as 2013.
[Strava done gone AWOL](
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Where does it end, Elon?!: Boring Company sold $5m worth of flamethrowers in 2 days
Elon Muskâs âtunnelingâ startup, The Boring Company, released their flamethrower for [pre-order]( a few days ago -- and in approximately 48 hours, theyâve sold [$5m]( worth of fire spitters at $500 a pop.
Alright. What the heckâs going on here?
Well, it started with some hats...
While the Boring Company was created to make holes in the ground the size of Muskâs ego, itâs really served more as a platform for quirky, highly lucrative side-goofs -- like selling Boring Company hats for [$20]( apiece.
Last month, Musk [tweeted]( out the incentive: âAfter 50k hats, we will start selling The Boring Company flamethrower.âÂ
That challenge took Musk all of 14 days to meet: in less than a month, the company netted $1m in hat revenue.
So, Musk had to live up to his promise
Described as a glorified âroofing torch,â the Boring flamethrower has already sold half its stock (the company âonlyâ plans to release 20k units).
In 2017, Musk failed to deliver on some of his more ambitious goals (like producing [5k Model 3 Teslas]( per week) -- so itâs good to see him hitting his mark here.
Itâs possible this is a PR stunt meant to distract from his other production shortcomings. But itâs also entirely possible that the guyâs just having fun in the most Muskalicious way imaginable.
[Flammable Musk](
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startup dictionary
Circle back (verb)
1. When you don't want to discuss a task or topic in the current moment... or ever again as long as you walk this green earth. 2. Youâve finished the âstrategicâ planning for a project, but arenât ready to commit to a deadline. 3. The go-to response to any idea proposed in the last 10 minutes of a meeting.
Example:
VP: Alright, itâs decided -- we launch our new product this year.
Engineer: Totally. 100% on board. This Wi-Fi-connected washing machine is gonna blow our customersâ socks off.
VP: Awesome. When can we expect the first prototype?
Engineer: Letâs circle back next week.
This edition of The Hustle was brought to you by
Time to pay the Feds
If youâre part of the lucky few who call themselves âboss,â congratulations: your taxes are due.Â
Working for yourself is one of the greatest joys a person can have. Itâs the freedom to pursue your American dream. And, câmon, youâre a BOSS.Â
And like crappy Yelp reviews and flaky contractors, taxes are inevitable... But luckily, they donât have to be terrible.
This year, [team up with QuickBooks]( and show those Feds whoâs boss.Â
Smarter business tools for the worldâs hardest workers
[QuickBooks]( is more than just an accounting platform. Itâs business tools for the modern entrepreneur.Â
Easily organize sales, invoices, and expenses in one place. QuickBooks even integrates directly with your bank, making deposits and transactions a breeze.Â
And when the taxman comes knocking, [QuickBooks]( has your back with sales tax tracking and easy-to-use deduction reports.Â
You got the wings, let QuickBooks be the wind -- a gusty vortex of independent success. [See the full lineup of features and tax-busting help here](.
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Lindsey Quinn
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Sam "Drops phone on day 1" Parr
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