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The regulator just killed a £459 million trading takeover and shares are crashing

Israeli gambling and trading software maker Playtech has abandoned its £459 million ($695 million) deal to buy troubled spread betting company Plus500, after the UK regulator failed to bless the takeover.

Playtech says in a statement on Monday (emphasis ours):

The Company has been in active dialogue with the Financial Conduct Authority ("FCA") in relation to its proposed acquisition of Plus500, including in relation to certain concerns raised by the FCA which the Company considered could be resolved to the satisfaction of the FCA prior to 31 December 2015, being the effective long-stop date for the transaction to complete.

10 things in tech you need to know today (FB, INTC, HP, MSFT, GOOG)

Good morning! Here's the tech news you need to know this Monday.

1. Facebook employees are seven years younger on average than Hewlett Packard employees, according to new research. The median age for a Facebook employee is 28 while the median age of a HP employee is 35.

2. The CEO of a Silicon Valley unicorn is anticipating more tech IPOs in 2016. David Wadhwani, the new CEO of the £1 billion enterprise software company AppDynamics, thinks private funds will start to dry up next year.


The 10 most important things in the world right now
Posted November 22, 2015 11:1 PM
The 10 most important things in the world right now

Good morning! Here's what you need to know on Monday.

1. Brussels for a third day on Monday will remain on its highest alert level, and the city's metro system and schools will be shut, over fears of a Paris-like attack.

2. Belgian police arrested 16 in people in anti-terror raids across Brussels but did not find Salah Abdeslam, the Brussels man suspected of playing a key role in the Paris attack.


Here's what publishers are doing to keep up with increasing mobile media consumption

Mobile devices have become the go-to platform for consuming digital media. In June, mobile accounted for two out of every three minutes spent consuming digital media in the US, according to comScore data. As readers spend more time consuming media on mobile devices and less time reading on newspapers, magazines, and desktop computers, publishers must adapt their distribution strategies to align with the mobile shift. 

Look how young Facebook's workforce is compared to Hewlett-Packard's

If it feels like the tech industry is the cool place to hang out for anyone under 30, it is − and it isn't. 

At some companies, the median age of workers is under 30. But the older, more established tech companies have older more established workforces, like Cisco, Dell, IBM, Oracle and Hewlett Packard. (HP data is from before the company split). The median ages of their workers is over 35.

In any case, the youth-loving culture of Silicon Valley is no myth, as the chart below shows.

And, as we previously reported, it's having an effect. Older workers are getting left out — or at least feel like they are.

"There are tons and tons of lawsuits filed for age discrimination," labor lawyer Kelly Dermody at firm Lieff Cabraser Heimann & Bernstein in San Francisco told us.

Bill Nye slams NASCAR calling it the 'anti-NASA'
Posted November 22, 2015 0:42 AM
Bill Nye slams NASCAR calling it the 'anti-NASA'

For famed science educator, comedian, and author Bill Nye (the science guy) watching a NASCAR race with his family is bittersweet.

The super-fast cars zipping around the track is "exciting," Nye explains in his latest book, "Unstoppable: Harnessing Science to Change the World."

But the technology is "depressing," Nye writes because:

"Here I am trying to envision the smart, efficient transportation technology of tomorrow, and there is NASCAR celebrating a very old transportation technology of yesterday. You might call NASCAR the anti-NASA."

In his book, Nye explores the many pitfalls of climate change and the numerous available technologies that could turn things around. He dedicates an entire chapter to the

A 12-year-old beat out 16,000 other people to win a Google contest — seven years later, she’s a successful artist (GOOG)

As a sixth grader, Grace Moon had more people gaze at her artwork in one day than visit the The Louvre museum in an entire year

That’s the kind of audience you can garner when your work gets recognized by the most popular search engine in the world. 

Back in 2008, Moon won Google’s inaugural US “

The TAG Heuer Connected is the first smartwatch that Apple should be worried about


The Apple Watch was supposed to be a big threat to established Swiss watchmking brands like TAG Heuer, whose sporty timepieces often serve as entry level luxury choices for people buying their first "real" watch.

You can pick up a simple TAG Formula 1 watch, in stainless steel, quartz-powered, for less than $1,000.

A comparable Apple Watch, once you add the $450 stainless-steel bracelet, comes in around $1,000. But of course you can spend a lot less. And the Apple Watch does a whole lot more than tell the time, which is about all the TAG F1 does.

When you move up to Omegas and Rolexes, with automatic movements and much more status appeal, you're talking $4-8,000. Properly cared for, the Tag will last pretty much forever. So will the Omegas and the Rolexes. The Apple Watch, pointedly, probably won't.

There's a tiny part of Square's business that could change the company's future (SQ)

Square finished a bumpy ride to the public markets on Thursday, losing half of its value in its IPO pricing and then popping 45% on its first day of trading.

As the IPO buzz and excitement settles, questions about the digital-payments company's business prospects are taking center stage.

Square's revenue growth is slowing while losses widen, and some wonder whether its core payment-processing business is getting commoditized with shrinking margins.

But there's a tiny part of Square that may hold the key to taking the company beyond its core business: Square Capital.

Square Capital is its cash-advance unit that has processed more than $300 million since its launch in May 2014.

Circle, Bitreserve, and BitPay are turning their backs on bitcoin

Some of the most high-profile and well-funded startups looking at bitcoin are now pivoting their businesses and distancing themselves from the digital currency, less than two years after the hype around bitcoin blew up.

Circle, BitPay, and Bitreserve — who between them have raised over $130 million — have all shifted away from bitcoin in one way or another in recent months.

That's after people failed to adopt it in the way entrepreneurs and venture capitalists had hoped.

Circle — which makes a mobile bitcoin wallet and is