AMEE, a company that provides Internet-based calculation and storage of the carbon footprints, has received ‘substantial’ Series A funding from O’Reilly Alphatech Ventures (OATV), Union Square Ventures (USV) and The Accelerator Group (TAG).
NDS, a DRM, PVR and interactive TV company, will be taken private, away from its current public listed status.
News Corporation currently owns approximately 72% of the equity and a stunning 96% of the voting power of NDS through its ownership of 100% of the outstanding Series B shares.
Best Buy, the US consumer electronics retail giant, is intending to buy 50% of Carphone Warehouse’s retail operation for £1.1 Billion.
Best Buy and Carphone Warehouse have known each other for a while, as CW have been selling mobile phones in concessions within Best Buy’s shops in the US over the last two years.
ZYB, a service that lets you backup your mobile phone contact and access them on the Web, has branched out and made a company purchase.
They’ve bought a Danish mobile social networking company, Imity, for an undisclosed sum.
It’s being reported that there’s ‘secret’ discussion going on between Rupert Murdoch’s News Corp and Yahoo, apparently in an attempt to find an alternative route to Microsoft buying it.
Continue reading Murdoch Interested In Yahoo?
The next twist in the Microsoft wants Yahoo story has just come to light.
Yahoo has filed a Form 8-K with the US SEC saying that after a jolly good think about it, Yahoo has decided that Microsoft’s unsolicited proposal to purchase them is not in the best interest of Yahoo.
Their detailed response was …
After careful evaluation, the Board believes that Microsoft’s proposal substantially undervalues Yahoo! including our global brand, large worldwide audience, significant recent investments in advertising platforms and future growth prospects, free cash flow and earnings potential, as well as our substantial unconsolidated investments. The Board of Directors is continually evaluating all of its strategic options in the context of the rapidly evolving industry environment and we remain committed to pursuing initiatives that maximize value for all stockholders.
Here’s a copy of the letter in full between Steve Balmer and the Chair and CEO of Yahoo, for your delectation.
Board of Directors
701 First Avenue
Sunnyvale, CA 94089
Attention: Roy Bostock, Chairman
Attention: Jerry Yang, Chief Executive Officer
Dear Members of the Board:
Continue reading Microsoft:Yahoo Merger: Letter From Microsoft To Yahoo
H O L D the phone!
Microsoft are reporting that they will be making a offer to purchase Yahoo for approx $44.6 billion in cash and stock.
This is not a joke, repeat, this is not a joke. It’s on the Microsoft site!
Continue reading Microsoft:Yahoo Merger Officially Floated – Holy Moly!!!
Macrovision, content protection company, has agreed to purchase TV listing company, Gemstar-TV Guide International in a cash and stock transaction with a value of approximately $2.8 billion.
Continue reading Macrovision Buying Gemstar-TV Guide