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| Tiger Global invests $50 million in Automattic's WordPress.com Friday, May 24, 2013 03:07 PM PDT By Sarah McBride SAN FRANCISCO (Reuters) - Automattic, the company that operates blogging service WordPress.com, announced a $50 million investment from hedge fund and private-equity investor Tiger Global on Friday. The investment comes on the heels of Yahoo's $1.1 billion acquisition of blogging company Tumblr, showing the high prices fast-growing services that targeting Internet users can command. The valuation for Automattic was similar, Fortune reported. A spokeswoman for WordPress declined to comment. WordPress powers the blogs at companies such as CNN. ... Full Story | Top |
| Google to bankroll, build wireless networks across Africa: WSJ Friday, May 24, 2013 02:51 PM PDT  (Reuters) - Google Inc intends to finance, build and help operate wireless networks from sub-Saharan Africa to Southeast Asia, hoping to connect a billion or so people in emerging countries to the Internet, the Wall Street Journal reported on Friday. The Internet search giant - which has for years espoused universal Web access - is employing a patchwork quilt of technologies and holding discussions with regulators from South Africa to Kenya, the WSJ cited people familiar with the strategy as saying. ... Full Story | Top |
| Yahoo joins growing list of bidders for Hulu: sources Friday, May 24, 2013 01:19 PM PDT  By Ronald Grover and Greg Roumeliotis LOS ANGELES/NEW YORK (Reuters) - Yahoo Inc has submitted a formal proposal to buy Hulu, joining a growing list of bidders for the video service owned by News Corp and Walt Disney Co, two sources with knowledge of the bid told Reuters on Friday. Yahoo just this week announced a $1.1 billion acquisition of blogging service Tumblr. It now joins rival bidders for Hulu, including Time Warner Cable Inc, DirecTV, former News Corp president Peter Chernin and Guggenheim Digital Media, sources have said. It is unclear how much the Internet company bid. ... Full Story | Top |
| Unhappy with how your fave series is faring? Amazon gives you a say Friday, May 24, 2013 11:41 AM PDT  SAN FRANCISCO (Reuters) - Amazon is once again shaking up traditional publishing models. This time, it's giving fans a chance to add their own personal touches to their favorite fiction - and get paid in the process. This week, Amazon.com Inc announced "Kindle Worlds," which offers aspiring writers an opportunity to pen their own takes on franchises in books, TV, movies, even games and comics. The world's largest Internet retailer plans to license content, then accept submissions online that may then be sold through its Kindle ebook store. ... Full Story | Top |
| Google eyes Waze as Facebook circles hot Web maps property Friday, May 24, 2013 11:22 AM PDT  By Sarah McBride and Alexei Oreskovic SAN FRANCISCO (Reuters) - Google Inc is in talks to buy Waze, an Israeli mapping start-up that has held discussions with several large technology companies, two sources familiar with the matter told Reuters on Friday. Google's discussions with Waze, which one of the sources told Reuters remained fluid and could change in tenor at any time, come amid reports Facebook is willing to pay $1 billion for the crowd-sourced service, which relies on information provided by its 47 million members to craft its mobile-oriented maps. ... Full Story | Top |
| ITV News Twitter account hacked by Syrian Electronic Army Friday, May 24, 2013 09:04 AM PDT LONDON (Reuters) - British broadcaster ITV on Friday became the latest media outlet to have one of its Twitter feeds hacked by anonymous supporters of Syria's President Bashar al-Assad, just days after Twitter beefed up security to prevent such attacks. Twitter Inc said on Wednesday that it had started rolling out an optional two-step authentication regime for its users to thwart hackers. The Associated Press, Britain's Financial Times and Daily Telegraph newspapers have all previously succumbed to attacks from the self-styled Syrian Electronic Army. ... Full Story | Top |
| SAP revamps management to focus on cloud computing Friday, May 24, 2013 08:37 AM PDT FRANKFURT (Reuters) - German business software maker SAP said it was revamping its management to sharpen its focus on cloud computing as demand for the service which saves clients money grows. SAP and rivals such as IBM and Oracle are dashing to meet surging demand for cloud computing, which allows clients to ditch bulky and costly servers for network-based software and storage in remote data centers. The company said it was now grouping all of its development activities and putting executive board member Vishal Sikka in charge of them from June 1. ... Full Story | Top |
| Etisalat makes top bid for Vivendi's Maroc Tel: sources Friday, May 24, 2013 07:45 AM PDT  By Leila Abboud and Sophie Sassard PARIS/LONDON (Reuters) - Gulf telecom operator Etisalat has offered a higher price for Vivendi's Maroc Telecom stake than rival Qatari bidder Ooredoo, according to two people familiar with the matter. Etisalat's bid needs further work, however, and has more legal conditions than Ooredoo's offer, so Vivendi has not yet made a final choice, the people said. "If Etisalat cleans up its offer, then it wins," said one of the sources, who is close to the process. "If not, it will go to Qatar, who also made an offer that Vivendi can accept. ... Full Story | Top |
| Dish and nTelos to jointly develop broadband service Friday, May 24, 2013 05:46 AM PDT  (Reuters) - Satellite TV provider Dish Network Corp and wireless network provider nTelos Holdings Corp said they would jointly develop a broadband service within nTelos's coverage territory serving parts of Virginia, Maryland and a few other states. Dish has been trying to diversify beyond its core pay-TV business that has matured and faces tough competition from cable, telecom and Internet video providers. The new service will give nTelos and Dish customers, especially those in underserved rural communities, access to high-speed Internet, the companies said in a statement. ... Full Story | Top |
| Russia's leading social network banned by "mistake" Friday, May 24, 2013 03:47 AM PDT  By Douglas Busvine MOSCOW (Reuters) - Russia's leading online social network was briefly banned on Friday, in a move dismissed as a "mistake" but which follows intensifying official pressure on the company as President Vladimir Putin consolidates his power. VKontakte (www.vk.com), Europe's largest homegrown social network with 210 million registered users, was put overnight on a "black list" of sites barred from distributing content inside Russia. Hours later, the ban was lifted. ... Full Story | Top |
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