EBay Skype to sell stake in Skype for $1.9 billion in cashSeptember 1st, 2009 EBay Skype to sell stake in SkypeSAN JOSE, Calif. — EBay Inc.
Offer from Russian investor puts value of at least $6.5 billion on FacebookJuly 13th, 2009 Offer puts value of at least $6.5B on FacebookNEW YORK — How much is Facebook worth? A Russian investment firm appears to put it at $6.5 billion to $10 billion. The investment group, Digital Sky Technologies, said Monday it will buy up to $100 million worth of Facebook shares from current and former employees.
Goldman Sachs raises 2010 IT spending view, predicts double-digit online ad growth next yearSeptember 21st, 2009 Goldman Sachs raises 2010 outlook for IT spendingSAN FRANCISCO — Goldman Sachs increased its 2010 outlook for global information technology spending on Monday and also predicted online advertising will return to double-digit growth next year. In a note to clients, the investment bank raised its IT spending forecast to 4 percent growth from 2 percent, citing improvements in macro indicators like gross domestic product and corporate profits.
Thailand raises alarm over student internet prostitutionJanuary 31st, 2009 BANGKOK - Thailand's Culture Ministry is urging authorities to crack down on a rising trend of Thai students using the internet for prostitution, media reports said Sunday. Culture Minister Theera Salukpetch asked the education ministry, the communications technology ministry, police and internet service providers to increase their vigilance against website prostitution, which he blamed on faulty values among the country's youth, The Nation newspaper reported.
How tweet it is! Twitter gets $100 million more as founders try to build independent companySeptember 25th, 2009 Something to tweet about: Twitter valued at $1BSAN FRANCISCO — Twitter Inc.'s founders now have a billion-dollar baby, and they seem determined to raise it without a corporate parent. That was the message underlying Friday's news that Twitter has lined up $100 million to finance its operations while founders Evan Williams and Biz Stone plot ways to make money off one of the Internet's most popular communications tools.
CACI International raises guidance for 2009June 25th, 2009 CACI raises guidanceARLINGTON, Va. — CACI International Inc.
Google to Acquire Twitter: SourcesApril 3rd, 2009 Washingtonpost today has just brought in a heck of a rumor that Google may be in the last stage of acquiring Twitter. No one knows the price or exact transactional details yet, nor there is any official source to that, but its said that the deal may be well over $250 Million.
AIG strikes deal to sell India information technology unit to MphasiS for undisclosed amountAugust 13th, 2009 AIG reaches deal to sell Indian IT unit to MphasiSNEW YORK — American International Group reached a deal to sell another unit on Wednesday. The battered insurance giant will sell its AIG Systems Solutions Pvt.
A chronology of events leading to Microsoft and Yahoo's Web advertising dealJuly 29th, 2009 Timeline: Microsoft, Yahoo's road to partnershipA chronology of key events leading to Microsoft Corp.'s deal with rival Yahoo Inc.:
Feb. 1, 2008: After more than two years of talks and speculation, Microsoft makes unsolicited offer to buy Yahoo for $31 per share, or $44.6 billion.
UK's oldest Twitter user is a 103yr old womanMay 15th, 2009 LONDON - While most ladies her age prefer to sit quietly, 103-year-old English lady Ivy Bean loves to Twitter, something that has made her the oldest user of the social networking site. Bean, a great grandmother, decided to join Twitter after she got bored of using Facebook, where she had made 4,800 friends.
Will Google Launch Microblog Search OfferingJune 15th, 2009 Google executives are all praises for Twitter's success. Well, what could be the reason? It seems that the Googleplex men are looking to cash on the micoblogging giant.
EBay to sell stake in Skype for $2B, reverses puzzling 2005 acquisition of telecom serviceSeptember 1st, 2009 EBay to sell part of telecom service Skype for $2BNEW YORK — EBay Inc. is trading control of the online telecommunications service Skype for about $2 billion, reversing a 2005 acquisition that many analysts considered a head scratcher from the beginning.
DivX says it settled lawsuit with Yahoo, raises third-quarter earnings outlookAugust 20th, 2009 DivX says it has settled lawsuit with YahooSAN DIEGO — Video technology company DivX Inc. said Wednesday it has settled a lawsuit over a license and distribution deal with Yahoo, and raised its financial outlook for the third quarter.
Bharti, Alcatel-Lucent in $500-mn outsourcing dealApril 30th, 2009 NEW DELHI - Telecom major Bharti Airtel Thursday awarded a $500-million deal to Alcatel-Lucent for outsourcing the management and servicing of its broadband and fixed line network for five years. The deal involves creation of a joint venture with Alcatel Lucent holding 76 percent of the equity, and Bharti having the remainder 24 percent.
Twitter Announces New API for Integrated Retweet August 14th, 2009 Twitter co founder Biz Stone recently announced on the Twitter blog that they are all set to integrate retweets into the service and application programing interface. Currently the method of retweeting on twitter.com is a cumbersome process of copying and pasting.