tech:

taffy

Frequency closes $11 million equity financing

Cloud-based internet video service Frequency has closed $11 million equity financing from Liberty Global, YOU On Demand and Oakmont. The company says the funds will be used to fuel growth, including international distribution, and ongoing development of the company’s video distribution platform.

Frequency is a cloud-based internet video service that aggregates and distributes video from providers, including TV, multi-channel and digital networks, as well as from individual creators. It is used by TV, mobile and over-the-top operators to deliver internet video services to their subscribers.

Just in

Biden signs TikTok ‘ban’ bill into law, starting the clock for ByteDance to divest it — The Verge

President Joe Biden signed a foreign aid package that includes a bill that would ban TikTok if China-based parent company ByteDance fails to divest the app within a year, writes Lauren Feiner.

IBM to acquire HashiCorp for $6.4B

IBM and HashiCorp have entered into an agreement for IBM to acquire HashiCorp, a provider of infrastructure and security management products, for $6.4 billion.

Oracle is moving its world headquarters to Nashville to be closer to health-care industry — CNBC

Oracle Chairman Larry Ellison said Tuesday that the company is moving its world headquarters to Nashville, Tennessee, to be closer to a major health-care epicenter, writes Ashley Capoot.