‘TOO BAROQUE’: “For over a year, top military leaders have been quietly conducting a charm offensive in Silicon Valley, in hopes that the tech industry might want to work with the Pentagon again like it used to during the Cold War,” our colleague Brian Fung reports. “Now one of the partners at Andreessen Horowitz says he’s diagnosed a huge challenge that the Pentagon will have to overcome if it wants to woo the tech industry back. ‘You hit a product cycle problem,’ said Martin Casado, a former Defense Department researcher who is one of nine partners at the firm, at a Washington conference Friday. ‘The procurement cycle is too baroque.’ ” Read more here.
BIGGEST-EVER DEAL: “Microsoft agreed to buy LinkedIn for $26.2 billion in its biggest-ever deal, combining the software giant’s fast-growing cloud services business with an online network of 433 million professionals,” Reuters reports. “The offer of $196 per share represents a premium of 49.5 percent to LinkedIn’s Friday closing price. LinkedIn’s shares soared 48 percent to $194.00 in early New York Stock Exchange trading and Microsoft’s shares were down 4 percent.” Read more here.
WHAT’S NEXT IN FLORIDA? Recode takes a look inside the tech and social media side of the Orlando investigation. “A key step will be rounding up computers, phones and other devices he used, and analyzing any statements he might have made on social media or in web forums,” the outlet reports, referring to Orlando nightclub gunman Omar Mateen. “When investigating the shooting in San Bernardino, Calif., last year, FBI agents found that one of the shooters had posted and then deleted a message of allegiance to the leader of the Islamic terrorist group known as ISIS. Given this shooter’s heritage, the FBI will be looking for similar signs.” Read more here.