State Farm will invest $1.2B in ADT for a ~15% stake, and $300M more for product innovation; Google invests $150M toward new products, pledges $150M more (Miriam Gottfried/Wall Street Journal)

Miriam Gottfried / Wall Street Journal:
PE firm Advent agrees to buy Maxar, which operates a constellation of satellites that collects images used by Google Maps and others, for $6.4B, including debt  —  Including debt, the transaction is worth $6.4 billion  —  Advent International agreed to buy Maxar Technologies Inc. MAXR 122.47%increase …

Reuters:
Australia’s biggest health insurer Medibank says an October 2022 hack compromised personal and “significant amounts” of health claims data of its ~4M customers  —  Medibank Private Ltd (MPL.AX), Australia’s biggest health insurer, said on Wednesday a cyber hack had compromised …

Berber Jin / Wall Street Journal:
Sources: Sequoia apologized to its fund investors for the $150M it lost on FTX and told them it would improve its due diligence process on future investments  —  Venture-capital firm tells fund investors that it will improve due diligence on future investments after $150 million loss on crypto exchange

Benoit Berthelot / Bloomberg:
Tencent plans to invest €200M in Ubisoft to increase its stake from 4.5% to 9.99%, alongside a further investment €100M in the company  —  Tencent Holdings Ltd is set to more than double its stake in Ubisoft Entertainment SA, snapping months of speculation on the future …

Debby Wu / Bloomberg:
Taiwan pledges to work closely with the US and other allies to implement “very firm” export controls and prevent China’s military from acquiring advanced chips  —  Taiwan pledged to work closely with the US and other allies to prevent China’s military from acquiring state-of-the-art technology …

Joyce Lee / Reuters:
Samsung Electronics pledges to invest $5B+ in R&D on tech to achieve net zero emissions for its devices business by 2030 and across the company by 2050  —  Samsung Electronics (005930.KS) will invest over 7 trillion won ($5.02 billion) by 2030 as part of sweeping environmental initiatives aimed …