America Online (AOL) confirmed on Thursday, that it will acquire social-networking site Bebo Inc. for $850 million, in a move that will help the company expand its presence in the rapidly growing online advertising.
A Polish priest has been declared the winner of the 2008 Templeton Prize, an award that is considered the most cash-rich annual academic prize in the world. Rev. Michael Heller is not only a priest, but also a mathematician, scientist, and author, besides being a good friend of the late Pope John Paul II.
Apple Inc., which is already facing two lawsuits over iPhone’s battery, has been slapped with another lawsuit, this time over the technology used in its iTunes online music store and iPod music players to distribute digital media over the Internet.
Digital video recorder maker TiVo Inc. announced on Wednesday, that its customers would soon be able to watch YouTube videos on their televisions via its digital video recorders (DVRs), a fastest way to get the stuff one can’t wait to see.
Brussels -- The European Commission has approved Google's $3.1 billion acquisition of DoubleClick, increasing its potential for ad revenues.
Google, which won approval for the purchase in the United States in December, immediately declared the deal was done. Critics of the deal complained that Google, which has 28 percent of the Internet advertising business and records 58 percent of U.S. Internet searches, would become too dominant.
Industry observer Jeff Chester, executive director of the Center for Digital Democracy, told The New York Times, the approval "set the stage" for Microsoft Corp.'s bid to take over Yahoo! Inc.
Yahoo! recently turned down a $44.6 billion unsolicited bid from Microsoft.
Google's Doubleclick purchase may jeopardize some jobs, but analysts said the combination is well suited. Google concentrates on multiple placement of small ads, while DoubleClick targets more complicated ads targeted to a specific audience.
It's all over but the tendering. Amazon.com (Nasdaq: AMZN) completed the first round of its tender offer this morning, snapping up an 87% stake in digital spoken word specialist Audible (Nasdaq: ADBL).
After defying yesterday's market downturn, its stock ending the day stubbornly in the green despite all the red-hued mayhem surrounding it, Texas Instruments (NYSE: TXN) shares dropped this morning. The reason: After the markets had safely closed for the day Monday, Texas Instruments issued an earnings warning.
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