Spotify has raised $1 billion in debt financing. It could use this money to build a pre-IPO war chest, buy a struggling Pandora (unlikely) or Soundcloud (possible) or finally make a serious video content play.
[Peter Kafka | Re/code]

Foxconn, the company best known as Apple's iPhone assembler, is buying two-thirds of Sharp, which supplies phone screens to Apple, for $3.5 billion.
[Pavel Alpeyev | Bloomberg]

Now that the FBI says it successfully hacked into the San Bernardino iPhone without Apple's help, Apple wants to know how they did it. If the DOJ pursues a court order for a similar case in Brooklyn, then Apple has a chance to learn who assisted the feds.
[Dan Levine | Reuters]

Startups may be laying off staff or raising down rounds, but that hasn't stopped the flow of cash into venture capital coffers. VC firms have raised about $13 billion in this quarter alone, which says more about the returns on VC investment than the health of the Silicon Valley ecosystem.
[Rolfe Winkler | The Wall Street Journal]

Google Fiber is mostly operating in Middle America right now, and people between the coasts still use landlines, which is why Google has now added a $10 a month phone service to its cable TV and Internet offering.
[Mark Bergen | Re/code]