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Staff share in €54m payout after US takeover of Decawave

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Staff at Irish computer chipmaker Decawave are expected to share a $60 million (€54.4 million) payout following the sale of the company to US-based Apple supplier Qorvo earlier this week for $400 million (€361 million).
Company founders Ciaran Connell and Michael McLaughlin and their employees shared a stake of about 15 per cent in the business through an employee stock ownership plan.
A large group of angel investors, who put money into the business at an early stage, are also among the winners. The 246 individuals held a stake of up to 56 per cent in the business through nominee accounts.
Founded in 2007 by Mr Connell and Mr McLaughlin, the Dublin-headquartered company offers ultra-wideband (UWB) wireless technology via a low-power chip that can identify the specific location of any object indoors to within a few centimetres.

Two political action committees fight city Prop A - Austin Monitor

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Two political action committees fight city Prop A
While any enthusiasm there might have been for the city ballot measure known as Proposition A has apparently dwindled, Anthony Precourt and his company are taking no chances. Austin TeamCo LLC, owner of Austin FC, gave the Austin United Political Action Committee $200,000 in the month ending Oct. 25 to campaign against the proposition, which started as an effort to prevent the city from leasing McKalla Place for a soccer stadium. Longtime Democratic consultant David Butts is also working with Austin United.
A second political action committee called PACE PAC also opposes Prop A and has received funding from a different group of Austinites. Notable donors to PACE PAC include C3 Presents, producer of Austin City Limits, which donated $30,000 during the past month, and Forefront Networks, which also contributed $5,000 to fight Prop A in the past month. Forefront Networks lists the Austin Trail of Lights as its flagship event.

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