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Yahoo to acquire Tumblr in a $1.1 billion all-cash deal
Yahoo is about to expand its presence in the user-generated content market by acquiring Tumblr in a cash-only deal worth $1.1 billion. According to the AllThingsD report, the Yahoo’s board has approved the deal, which will likely be announced on Monday morning. Sources close to the matter said that Yahoo’s CEO Marissa Mayer has decided that buying Tumblr was going to be “the stake in the ground of what her strategy is going forward for Yahoo.” That strategy involves attracting younger audiences to Yahoo’s properties. This is Yahoo’s biggest acquisition … Read more
Dusan Belic
Canada: TELUS to acquire Mobilicity for $380 million
The “Mobilicity saga” is coming to an end with TELUS entering into an agreement with Mobilicity to acquire the company and its 250,000 customers for $380 million. This money will not only be used to pay Mobilicity’s owners but also to satisfy its secured and unsecured debt. Naturally, the agreement between the two operators is subject to conditions including approval by the Competition Bureau, Industry Canada and Mobilicity’s debtholders. TELUS and Mobilicity have informed the government and regulators and both companies are fully committed to working cooperatively to secure timely … Read more
Dusan Belic
Apple CEO Tim Cook to testify at Senate hearing on offshore taxes
Apple is the target of a Senate hearing investigating offshore tax practices with the company’s CEO readying to testify at the Senate Permanent Subcommittee. The iPhone maker has been under fire for its tax practices lately after avoiding to pay as much as $9.2 billion in taxes by performing some financial (though perfectly legal) mumbo-jumbo. The goal of the hearing is to examine how companies shift profits offshore and how that impacts the tax code. To that end, representatives from Microsoft and HP have already testified in September 2012. Apple … Read more
Dusan Belic
AT&T Launches Aio Wireless, BYOD Pre-Paid Services
AT&T has announced today the launch of a new pre-paid, BYOD subsidiary called Aio Wireless. The new wireless service will offer unlimited talk text and data options with no annual contract. The service is launching in select stores Houston, Orlando and Tampa, with the service coming to other U.S. markets across the U.S. over the next year. The pre-paid plans, which closely resemble the recent T-Mobile Simple Choice plans. The plans offer unlimited talk, text and data, with data speeds being throttled after a certain amount of usage. The plans … Read more
Ian Kersey
Sharp to start making next-gen iPhone LCDs in June?
Looks like Sharp has managed to corner Apple to make LCD panels for the next-gen iPhone. According to Japan’s business daily Nikkan Kogyo, the display manufacturer will start production on LCD panels in its Kameyama plant this June. Details like screen size and resolution are still a mystery, though. Meanwhile, Japan Display — which is a joint venture between LG Display, Sony, Hitachi and Toshiba — has also allegedly received business from Apple, with production already underway. We would have to conclude that Cupertino-based company wants to make sure there … Read more
Dusan Belic
Pelican Imaging gets fresh money from Nokia and Qualcomm; Nokia super-camera-phone coming soon?
Pelican Imaging, the company that makes unique array camera technology, has recently raised $20 million in additional funding from a number of investors including Qualcomm and Nokia. Moreover, the company has also confirmed that it is in talks with an unnamed handset manufacturer to deploy its lens-array. All said, we’re not surprised that folks all around the Interwebs are speculating that the “unnamed handset maker” could be Nokia. The Finns are already known for their camera technology having partnered with Carl Zeiss for quite a few phones in the past. … Read more
Dusan Belic
Apple to avoid $9.2 billion tax hit with the new $17 billion bond deal
This one’s for Apple fanboys. Your favorite company you can’t live without is about to avoid paying $9.2 billion in taxes, the money that could’ve been spent on various social programs, like improving public schools and hospitals across the U.S. Sure, you can say “everyone’s doing it” (and by “everyone” I mean global corporations), but I can’t recall any other company doing it at such scale. Thanks to the “innovative” $17 billion bond deal, Apple won’t pay $9.2 billion in taxes, but just $308 million. Now we get the real … Read more
Dusan Belic
What will Yahoo do with Astrid?
You may’ve heard that Yahoo has acquired maker of the popular task/list management app, Astrid. Alongside the announcement, Astrid also said that premium offering will no longer be available and refunds will be made to those who paid for the service. The change is in the air, but what will Yahoo do with Astrid? One would think they will leave it as a separate (and profitable) company while using its brand to bring more users to the service. That, apparently, won’t be the case. I would have to guess they’ll … Read more
Dusan Belic
Hulu doubles paid subscriptions to four million in one year
Hulu announced some pretty impressive numbers at its advertiser event this morning. The streaming service provider said that it has managed to double its Hulu Plus accounts in the past year, up to four million. Hulu is showing growth despite it having no idea on what super company that’ll swoop in and buy them outright in the future. The streaming company also reported that its site’s revenue also hit a record for the first quarter of the year, albeit, Hulu didn’t give specifics on any numbers. Furthermore, customers can expect Hulu to … Read more
Charles West
Microsoft Makes Modest Gains in Android, iOS Dominated Smartphone Market
Microsoft’s Windows Phone 8 OS is showing increased market share in the smartphone market, despite the domination of the smartphone market by OS’s such as Apple’s iOS and Google’s Android. According to Kantar Worldpanel, Microsoft’s Windows Phone 8 OS accounted for 5.6% of smartphone sales in Q1 2013, which showed a growth rate of 1.9% compared to figures from the previous year. Windows Phone 8 growth has risen in European markets, mostly capturing customers who have never purchased a smartphone. “As iOS and Android continue to battle it out for … Read more
Ian Kersey
$200 Android Powered Notebooks Coming Soon, Says Intel
The PC market is changing rapidly, with notebook prices expected to hit $200 in the near future. Many of these devices will be running Android instead of Windows 8, according to CNET. Dadi Perlmutter, the chief product officer of Intel said that notebooks in the $200 price range will be running mostly Android on Intel’s Atom mobile processor, the same processor that graces many a Netbook. “We have a good technology that enables a very cost-effective price point,” Perlmutter said. “The price of Windows 8 laptops depends on how Microsoft … Read more