It’s Friday. Here’s what you need to know in Australian tech today.
1. Google Australia’s tax bill. The tech company lodged financial accounts with ASIC on Thursday which showed its tax bill increased by $4.6 million to $11.7 million last year. In the 12 months to December 31 it had $438.7 million in revenue, up from $357.7 million in 2013. It also had a profit of $58.7 million in 2014, up from $46.5 million the year before. But the figures didn’t include its Singapore search-engine business. There’s more here.
2. Here’s the latest Silicon Valley gossip about the rumoured acquisition of Salesforce. The theories range from Larry Ellison wants Marc Benioff as his replacement to why or why not it could be Microsoft or that it’s a hail mary from IBM. It’s all here.
3. MYOB will IPO at $3.65 a share at a $2.1 billion market cap on Monday. It raised $830 million from 150 institutional investors at a 16-times EBITDA valuation. However, the AFR reports the software company’s owners Bain Capital could’ve priced the deal higher (the original range was between $3 and $4 a share) but with a 57% share in MYOB that it reportedly wants to sell out in a few years, it was concerned how shares would trade after listing and opted for a more conservative price.
4. David Thodey drives a corolla. The outgoing Telstra boss earned $27 million in cash and vested shares in the three years to July 2014 and he has one regret about his time in the top job. Find out what it is here.
5. Quiet on numbers. AirTree Ventures has tipped an undisclosed amount of seed funding into GlamCorner, a Sydney-based fashion rental service. It’s the third investment for the $60 million fund which has also led a $6 million round in DesignCrowd and a $1.5 million round in pet-sitting marketplace Pawshake.
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