(Reuters) – Softbank Corp’s investment in a Hollywood movie studio represents the coming out party for two new players in the U.S. entertainment industry — the Japanese telecommunications company and Nikesh Arora, the former Google Inc executive running a new media and internet company.
Two months after unexpectedly decamping from Google for SoftBank, Arora struck a $250 million deal for a minority stake in Legendary Entertainment, announced on Thursday. Earlier, he had tried unsuccessfully to strike a partnership with DreamWorks Animation, sources said.
SAN FRANCISCO (Reuters) – Google Inc is planning new and revamped streaming-music services in coming weeks, searching for a way to stand out in an increasingly crowded field of rivals from Apple Inc and Amazon.com Inc to Spotify.
Nailing music is one way for Google to raise chances of continued success as people spend more time on mobile devices.
Sept 28 (Reuters) – A proposed merger of Internet pioneers
AOL Inc and Yahoo Inc could create a nimbler
player in Web video, but strong growth, the measure of success
in Silicon Valley, would remain elusive.
Investors are revisiting one of the most speculated Internet
combinations, after activist investor Starboard on Friday
pressured Yahoo to merge with AOL.
SAN FRANCISCO (Reuters) – Activist investor Starboard Value LP said on Friday it has acquired a “significant” stake in Yahoo Inc (YHOO.O: Quote, Profile, Research, Stock Buzz) and urged the Internet company to explore a merger with AOL Inc (AOL.N: Quote, Profile, Research, Stock Buzz).
Shares of Yahoo Inc rose about 4 percent to $40.54 early Friday afternoon, while shares of AOL jumped 2.77 percent to $44.16.
SAN FRANCISCO (Reuters) – Google Inc hit back at News Corp on Thursday for calling it a platform for piracy and an “unaccountable bureaucracy,” in a point-by-point rebuttal that stressed the Internet search company’s commitment to fighting online crime.
In Google’s official blog, Rachel Whetstone, head of global communications, defended the company’s practices while taking a jab at News Corp-owned British tabloid The Sun.
SAN FRANCISCO, Sept 25 (Reuters) – Google Inc hit
back at News Corp on Thursday for calling it a platform
for piracy and an “unaccountable bureaucracy,” in a
point-by-point rebuttal that stressed the Internet search
company’s commitment to fighting online crime.
In Google’s official blog, Rachel Whetstone, head of global
communications, defended the company’s practices while taking a
jab at News Corp-owned British tabloid The Sun.
SAN FRANCISCO, Sept 20 (Reuters) – Jonathan Mosen, who has
been blind since birth, spent his evening snapping photos of
packages in the mail, his son’s school report and labels on
bottles in the fridge. In seconds, he was listening to audio of
the printed words the camera captured, courtesy of a new app on
his Apple Inc iPhone.
“I couldn’t believe how accurate it was,” said Mosen, an
assistive technology consultant from New Zealand.
SAN FRANCISCO/BOSTON (Reuters) – Alibaba Group Holding Ltd’s upcoming public offering will give Yahoo Inc billions of dollars for a potential shopping spree that investors hope will jumpstart its comeback.
But with numerous holes to fill and soaring tech company valuations, Yahoo will have to make tough choices with any acquisitions.
SAN FRANCISCO/WASHINGTON (Reuters) – Islamic State’s Twitter users, which have trumpeted the group’s violent acts and world view on the social media service, have gone abruptly quiet in past days.
Several accounts affiliated with the militant group appear to have gone dormant, according to U.S. government sources, raising questions about whether the government has pressured Twitter to clamp down more aggressively or whether the group has moved to other social media channels.
By Christina Farr and Alexei Oreskovic
CUPERTINO Calif. (Reuters) – Apple Inc unveiled two new iPhones on Tuesday with sharper and larger displays, moving into a market segment dominated by arch-rival Samsung Electronics.
The 4.7-inch iPhone 6 and 5.5-inch iPhone 6 Plus will support more than 200 telecoms carriers worldwide, including all three in China – a key growth market for the company.