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Best Buy has announced it will acquire troubled online music store Napster for US$121 million The deal includes $67 million of cash on Napster's balance sheet and values the Los Angeles-based Internet music store at roughly twice its Sept. 12 closing stock price....
Research In Motion, maker of the ubiquitous BlackBerry handheld e-mail device, is moving deeper into the consumer market, where it is sure to run up against tough competition from Apple's iPhone Earlier this year, RIM forged a partnership with social networking site Facebook that lets BlackBerry device owners access information from their Facebook ...
Search engine giant Yahoo is moving ahead with plans to open up its home page and e-mail services to third-party content The move comes at a difficult time for the beleaguered company -- earlier this year, Yahoo spurned an acquisition attempt by Internet rival Microsoft, triggering vitriolic infighting among its shareholders over the future of the ...
Two technology associations with significant clout on Capitol Hill are in talks to combine forces The two organizations, the AeA, formerly the American Electronics Association, and the ITAA, or Information Technology Association of America, began merger discussions several months ago....
Internet retail giant Amazon.com is muscling into the wine industry The company plans to start selling wine from California's Napa Valley and other wine-producing regions in the U.S. later this year....
AOL is getting a major facelift Having fallen far behind competitors such as Google, Yahoo and, to a lesser extent, Microsoft's MSN, AOL -- a division of media giant Time Warner -- has launched a host of new services and content initiatives in a bid to close the gap in the online advertising game....
Telecommunications infrastructure giant Alcatel-Lucent has shaken up the top ranks of its management team Seasoned telecom veteran Ben Verwaayen has taken over the CEO spot at the ailing company from Patricia Russo. The company's board also appointed a new chairman, Philippe Camus, who will take over for Serge Tchuruk on Oct. 1....
In a move that's left some observers scratching their heads, Microsoft has acquired a German comparison shopping site, Ciao for US$486 million in cash Ciao, which is owned by Wilton, Conn.-based Greenfield Online, provides consumer reviews and ratings as well as comparative prices from e-commerce companies. Ciao gets more than 26 million unique vis...
RedTag.com, a discount online retail site, launches today with a US$1.95 shipping charge on all orders, one of the lowest such rates in the industry RedTag.com joins the likes of discount retail sites such as Overstock.com, which sells retailers' excess inventory at a fraction of the price that other sites do....
A federal judge in San Jose, Calif., has thrown out a copyright infringement lawsuit launched by Io Group against Veoh Networks Io Group, which also does business under the name Titan Media, produces adult video content. Veoh is a site similar to YouTube where users can upload and watch user-generated videos as well as television show and movie cli...
Microsoft will receive nearly US$21 million from Immersion, a company that develops "tactile-feedback" technology, after the two companies agreed to settle a lawsuit San Jose, Calif.-based Immersion has developed tactile feedback technology, which makes video game controllers vibrate when there is an explosion or some other game action event on scr...
Chipmaker Broadcom has agreed to acquire Advanced Micro Devices' digital television chip business for US$192.8 million About 530 AMD employees will join Irvine, Calif.-based Broadcom as part of the deal, said AMD spokesperson Jo Albers. The transaction is expected to close sometime during the fiscal quarter ending Dec. 31. AMD is based in Sunnyvale...
Worldwide shipments of servers grew 12.2 percent while revenue grew 5.7 percent in the second quarter, according to new data released by Gartner Server vendors including Dell, IBM, Sun Microsystems and HP shipped 2.3 million units during the quarter, generating sales of US$13.8 billion....
Google and Verizon Communications are nearing a deal that would make Google the default search engine on all Verizon mobile devices The two companies would split advertising revenue from the new mobile search service....
Japanese video game giant Nintendo has been hit with a lawsuit alleging patent infringement Hillcrest Labs of Rockville, Md., has filed a complaint with the International Trade Commission and a lawsuit in the U.S. District Court in Maryland against the company....
Search engine giant Google has begun testing video ads on its mobile version of YouTube in the U.S. and Japan The move is an attempt by the Mountain View, Calif.-based search engine to monetize YouTube's video ad potential. Google bought YouTube for US$1.65 billion in October 2006....
The dance between two of the biggest players in the video games sector continues, and it's taking on a new tone Electronic Arts and Take-Two Interactive Software held discussions over the weekend regarding EA's attempt to acquire Take-Two. EA is best known for sports titles such as the "Madden NFL" series, while Take-Two's best-known titles include...
Internet market researcher eMarketer has drastically lowered its estimates on how much businesses will spend on online video advertising in the near future The New York City-based firm expects spending on online video ads to reach US$505 million by the end of this year, down from the $1.35 billion eMarketer predicted earlier this year....
Brocade Communications' fiscal third-quarter profit jumped 90 percent as a result of fast-growing sales of its new network switching products and professional services business The San Jose, Calif.-based company reported earnings of US$20.3 million on $365.7 million in revenue, compared to $10.7 million in earnings on $327.5 million in revenue duri...
Tiffany has appealed a ruling in a federal court that online auction company eBay isn't responsible for keeping its users from selling fake jewelry that uses Tiffany's trademark Tiffany, one of the world's most recognizable brands in the jewelry sector, filed its suit against eBay in 2004, claiming that most of the items bearing the Tiffany name on...
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