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Analyst: Tumblr Fills Void in Yahoo's Offerings
Yahoo's acquisition of Tumblr will give the struggling Internet pioneer a much-needed boost to attract and retain younger users, says S&P Capital's Scott Kessler. (May 20)
Yahoo takes big leap with $1.1B deal for Tumblr
Yahoo is buying online blogging forum Tumblr for $1.1 billion as CEO Marissa Mayer tries to rejuvenate an Internet pioneer that had fallen behind the times. The deal announced Monday is Mayer's boldest move since she left Google 10 months ago to lead Yahoo's latest comeback attempt. It marks Yahoo's ...
Blackstone group offers to take Pactera private
Private equity firm Blackstone Group LP, along with Pactera's CEO and other managers, have offered to take Pactera private in a deal that values the Chinese technology consulting and outsourcing firm at $680.4 million. Shares rose 31 percent Monday. Through Friday's close, before news of the offer, Pactera's stock had ...
Idaho couple and Sun Valley in Twitter tussle
A central Idaho couple is suing the Sun Valley Co. and the Twitter Inc. social media site seeking to bar the resort from using the handle "SunValley." Leonard Barshack and Erin Smith, the husband and wife, also said the San Francisco-based company should return the Internet handle to them because ...
Seamless and GrubHub to combine, no terms revealed
Rival online takeout services Seamless North America and GrubHub on Monday announced plans to combine and create a new company covering more than 20,000 restaurants in 500 cities across the U.S. Financial terms were not disclosed and it's unclear what the combined company will be called. GrubHub CEO Matt Maloney ...
High court uphold FCC power in cell tower disputes
The Supreme Court has affirmed the authority of federal regulators to try to speed local government decisions on proposals to build or expand cell phone towers. The court voted 6-3 Monday to uphold an appeals court ruling in favor the Federal Communications Commission. The case involves complaints to the FCC ...
Report: Yahoo nearing $1.1B acquisition of Tumblr
Yahoo may be on the verge of closing its biggest acquisition during the 10-month reign of CEO Marissa Mayer as she tries to attract more traffic and advertisers to the Internet company's website and mobile applications. The Sunnyvale, Calif., company's board of directors will meet Sunday evening to consider approving ...
'Sonic' video games coming to Nintendo
Sonic the Hedgehog is rolling with Nintendo. Sega says it will exclusively release the next three games starring the popular blue critter on Nintendo platforms. The first title will be called "Sonic Lost World" and is set for release on the Wii U and Nintendo 3DS later this year. "With ...
Ex-Groupon CEO working 9 to 5 on business album
Former Groupon CEO Andrew Mason is diving into several new ventures, including indulging his inner rock star with an album of "motivational business music." Mason said Thursday on his blog that he recently spent a week in Los Angeles and recorded a collection of seven songs called "Hardly Workin'." Mason ...
A year after IPO, Facebook aims to be ad colossus
It was supposed to be our IPO, the people's public offering. Facebook, the brainchild of a young CEO who sauntered into Wall Street meetings in a hoodie, was going to be bigger than Amazon, bigger than McDonald's, bigger than Coca-Cola. And it was all made possible by our friendships, photos ...
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