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Google-Backed Undersea Cable Between US and Japan Goes Online [RJOVenturesInc.com]



Google-Backed Undersea Cable Between US and Japan Goes Online. Featured at RJO Ventures, Inc. (RJOVenturesInc.com) for Informational Use Only 

Google started making investments in a number of undersea cables back in 2008, but one of its largest investments was the $300 million it invested in the FASTER cable between Japan and the U.S. West Coast. Back in 2014, Google announced that it was joining a consortium of six companies, including NEC, China Mobile, China Telecom, Global Transit and KDDI, to better connect the two countries. As the company announced today, this cable is going online tonight.



The 9,000km six-fiber pair cable can deliver up to 60 Terabits per second (Tbps) of bandwidth — or as Google’s SVP of Technical Infrastructure Urs Holzle puts it, that’s “about 10 million times faster than your cable modem.”

The cable will give Google dedicated access to 10 Tbps per second over its own pair of cables that will connect Chikura and Shima in Japan to Bandon, Oregon (putting it relatively close to the company’s The Dalles data center in the state).

It’s worth noting that Google also plans to launch its Google Cloud Platform East Asia region in Tokyo later this year and the company notes that having this dedicated bandwidth for its operations will result “in faster data transfers and reduced latency as GCP customers deliver their applications and information to customers around the globe.”

While the focus of Google’s announcement is mostly on the connection between the U.S. and Japan, it’s worth noting that the FASTER network will also connect Japan and Taiwan over two fiber pairs that will offer an initial capacity of 20 Tbps. This extension between Taiwan and the two landing sites in Japan is 100 percent owned by Google (through its wholly owned Google Cable Bermuda subsidiary).

Google continues to make other undersea cable investments, too. To better connect the U.S. East Coast and Europe, for example, the company recently announced a partnership with Facebook to build the fastest trans-Atlantic undersea cable yet, with a capacity of 160 Tbps.

Source: Frederic Lardinois at TechCrunch 

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Johnson Publishing sells Ebony & Jet magazines to Texas firm [RJOVenturesInc.com]

Johnson Publishing sells Ebony & Jet magazines to Texas firm Clear View Group. Featured @ RJO Ventures, Inc.

The company said Tuesday it has sold Ebony, its iconic African-American lifestyle magazine, and the now digital-only Jet magazine to Clear View Group, an Austin, Texas-based private equity firm, for an undisclosed amount.

Johnson Publishing will retain its Fashion Fair Cosmetics business and its historic Ebony photo archives, which remains up for sale. The deal, which closed in May, also included the assumption of debt.

A family-owned business throughout its history, Ebony has documented the African-American experience since it first hit newsstands in 1945. It has shaped culture ever since, coming into its own as it reported from the front lines of the civil rights movement during the 1960s in powerful photos and prose.

Linda Johnson Rice, chairman of Johnson Publishing and daughter of founder John Johnson, will serve as chairman emeritus on the board of the new company.

"This is the next chapter in retaining the legacy that my father, John H. Johnson, built to ensure the celebration of African-Americans," she said in a statement Tuesday.


The new publishing entity, Ebony Media Operations, will maintain the magazine's Chicago headquarters and its New York editorial office, as well as much of the current staff, according to Michael Gibson, co-founder and chairman of African-American-owned Clear View Group.

"When we make an investment, that's what we look for — a strong team that can actually run the company," Gibson said. "We're not managers or experts by any stretch of imagination in the media business. What we bring to the table is very strong networking and the ability to raise financing and the ability to establish a vision for the company."

"There's a lot of good reasons to keep the print," Gibson said. "That will always be our anchor. We want to grow the digital platform more consistently with both Ebony and Jet."

Microsoft to buy LinkedIn for $26.2 billion in cash [RJOVenturesInc.com]



Microsoft Corp has agreed to buy LinkedIn Corp 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.

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.

Reid Hoffman, chairman of LinkedIn's board and the company's controlling shareholder, said the deal has his full support.

"I have always had a great admiration for LinkedIn," Microsoft CEO Satya Nadella said in a video on Microsoft's website. "I have been talking with Reid and Jeff for a while ... I have been thinking about this for a long time."



Jeff Weiner will remain chief executive of LinkedIn, reporting to Nadella.

Microsoft plans to speed-up monetization of LinkedIn by growing individual and organization subscriptions as well as targeted advertising, it said.
Microsoft said it would issue new debt to fund its acquisition.

After the deal, which will require approval from regulators in the United States, the EU, Canada and Brazil, LinkedIn will become part of Microsoft's productivity and business processes unit, the companies said.