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Dec 19, 2012

Google sells Motorola TV set-top business for $2.35 billion

SAN FRANCISCO (Reuters) – Google Inc sold set-top TV box maker Motorola Home to Arris Group Inc for $2.35 billion in cash and stock, the companies announced on Wednesday.

The transaction, which was approved by the boards of directors of both companies, is expected to close by the second quarter of 2013, subject to regulatory approvals.

Dec 19, 2012

Instagram tests new limits in user privacy

SAN FRANCISCO (Reuters) – Instagram, which spurred suspicions this week that it would sell user photos after revising its terms of service, has sparked renewed debate about how much control over personal data users must give up to live and participate in a world steeped in social media.

In forcefully establishing a new set of usage terms, Instagram, the massively popular photo-sharing service owned by Facebook Inc, has claimed some rights that have been practically unheard of among its prominent social media peers, legal experts and consumer advocates say.

Dec 17, 2012

Google, Facebook drive mobile ad market growth-report

SAN FRANCISCO, Dec 17 (Reuters) – Google Inc’s
mobile ad revenue in the United States will be roughly $4
billion next year, while Facebook Inc’s nascent mobile
advertising business will more than double, according to a new
study by research firm eMarketer.

Marketers are boosting spending on ads that reach consumers
on smartphones and tablet PCs at a much faster than expected
pace, eMarketer said on Monday. The firm said it expects that
overall U.S. mobile ad spending in 2012 will increase 180
percent year-on-year to more than $4 billion — a sharp revision
from its forecast in September which sized the market at $2.61
billion.

Dec 13, 2012

Yahoo nets PayPal co-founder in boardroom shake-up

SAN FRANCISCO (Reuters) – Yahoo Inc said that two of its directors have resigned immediately and that PayPal co-founder Max Levchin has been appointed to the board, the latest change to the struggling Internet company under new chief executive Marissa Mayer.

The changes come five months after Mayer, a former Google Inc executive, took the top job, and complete a boardroom transformation that began in May when activist investor Dan Loeb settled a bitter proxy fight with Yahoo.

Dec 12, 2012

Facebook unveils new privacy controls

SAN FRANCISCO, Dec 12 (Reuters) – Facebook Inc began
rolling out a variety of new privacy controls on Wednesday, the
company’s latest effort to address user concerns about who can
see their personal information on the world’s largest social
network.

New tools introduced on Wednesday will make it easier for
Facebook’s members to quickly determine who can view the photos,
comments and other information about them that appears on
different parts of the website, and to request that any
objectionable photos they’re featured in be removed.

Dec 11, 2012

Yahoo CEO Mayer revamps email in first big product move

SAN FRANCISCO (Reuters) – Yahoo Inc rolled out new versions of its popular Web email on Tuesday, the first major product makeover since Chief Executive Marissa Mayer took the helm of the struggling Internet company five months ago.

Yahoo released new versions of its Yahoo Mail product for smartphones and tablets – in keeping with Mayer’s focus on mobile devices – and a revamped version of its Web-based mail product for PC users that cuts out ancillary features and that the company said delivers faster performance.

Dec 11, 2012

Yahoo CEO Mayer unveils overhaul of email service

SAN FRANCISCO, Dec 11 (Reuters) – Yahoo Inc rolled
out new versions of its popular Web email on Tuesday, the first
major product makeover since Chief Executive Marissa Mayer took
the helm of the struggling Internet company five months ago.

Yahoo released new versions of its Yahoo Mail product for
smartphones and tablets – in keeping with Mayer’s focus on
mobile devices – and a revamped version of its Web-based mail
product for PC users that cuts out ancillary features and that
the company said delivers faster performance.

Dec 10, 2012

Britain’s Pace approaches Google over Motorola Home

LONDON/SAN FRANCISCO (Reuters) – British TV decoder maker Pace Plc confirmed on Monday that it had made an early-stage proposal to internet group Google Inc to acquire its set-top TV box maker Motorola Home.

“Discussions with Google are currently at a preliminary stage and there is no certainty as to whether any agreement regarding any transaction will be reached,” Pace said in a statement.

Dec 7, 2012

Exclusive: Google to replace M&A chief

SAN FRANCISCO (Reuters) – Google Inc is replacing the head of its in-house mergers and acquisitions group, David Lawee, with one of its top lawyers, according to a person familiar with the matter.

Don Harrison, a high-ranking lawyer at Google, will replace Lawee as head of the Internet search company’s corporate development group, which oversees mergers and acquisitions, said the source, who spoke anonymously because he was not authorized to speak publicly.

Dec 7, 2012

Google to replace M&A chief

SAN FRANCISCO, Dec 7 (Reuters) – Google Inc (GOOG.O: Quote, Profile, Research) is
replacing the head of its in-house mergers and acquisitions
group, David Lawee, with one of its top lawyers, according to a
person familiar with the matter.

Don Harrison, a high-ranking lawyer at Google, will replace
Lawee as head of the Internet search company’s corporate
development group, which oversees mergers and acquisitions, said
the source, who spoke anonymously because he was not authorized
to speak publicly.

    • About Alexei

      "I write about Internet companies including Google, Yahoo and Facebook. I’ve covered technology and business for more than ten years at publications including TheStreet.com, CNET and The Industry Standard magazine."
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