Reuters blog archive
Oracle Corp's (ORCL.O) acquisition of Sun Microsystems Inc. (JAVA.O) could be delayed by up to four months if the European Commission's antitrust authority decide to launch an investigation into the $7.4bn deal. US authorities cleared the sale last week, but the EC is concerned over Oracle gaining ownership of the MySQL database product, sources familiar with the situation tell Reuters.
For this and the rest of the latest deals news from Reuters, click here.
And here's a round-up of other deals news reported in the press on Wednesday:
* The telecoms tower unit of Indian mobile operator Reliance Communications Ltd (RLCM.BO) has revived its initial public offer plan and is looking to raise up to 50 billion rupees ($1 billion), the Business Standard reported.
* Chinese industrial gas provider Yingde Gases plans to raise up to $300 million in an initial public offering in Hong Kong, competing with other listing hopefuls, a Hong Kong newspaper reported.
MySpace is looking to buy Web music service iLike for around $20 million according to several blogs. iLike co-founder Hadi Partovi declined to comment when we asked him and MySpace's PR team also declined to share details.
All Things Digital has the latest details of the deal which they say is around $13.5 million in cash, with a $6 million earn out for the founders which include Hadi's twin brother Ali who is CEO. Official confirmation of an agreement is being held up by "thorny tax issues" according to All Things Digital's sources.
Lots of news in online video world, some potentially significant.
And some we can only wait and see about.
Rupert Murdoch used News Corp's fiscal fourth quarter conference call on Wednesday to say he wants to be paid ANYTIME his news is read online. Perhaps he was just in a cranky mood, but most of the reporters listening to the call thinks he's going beyond what he's said many times before on the topic.
By most accounts, the 88 percent revenue share Yahoo will collect from its advertising partnership with Microsoft is a pretty darn good number. Obviously, 90 percent is even better. And that's exactly the share of revenue that Microsoft will pay Yahoo in the second half of their 10-year deal, according to a regulatory filing.******The filing casts more light on the details of the partnership. It also seemed to give a lift to Yahoo, whose stock rose slightly in early trade.******Here are five other key points from the filing ...*** *** At least 400 Yahoo staffers will join Microsoft. The two companies will select an extra 150 employees to help with Yahoo's transition to Microsoft's search technology.
*** A definitive agreement is due to be signed by October 27, or they head for an arbitration panel.
*** Microsoft is paying Yahoo about $50 million a year during the first three years of the deal to help with transition costs.
*** The deal is limited to web sites, applications and "other online digital properties designed for use and consumption on personal computers." But Yahoo can receive Microsoft mapping and mobile search if it wants.
*** Yahoo can kill the deal if the Yahoo and Microsoft's share of the U.S. query market falls below a certain level. Either party can terminate the deal due to repeated material breaches of the agreement.
***If you want more information on these provisions, or others, have a look here.******Keep an eye on:***
What's the Wall Street Journal's policy when it comes to story embargoes? PaidContent has the latest rundown (paidContent.org)
Google is doing a little wheeling and dealing. It is buying On2 Technologies, and has sold its Google Radio Automation business (Reuters)
Sirius XM Radio's stock has been on a run this week. Seems that investors are looking past what will likely be quarterly loss and focussing instead on new initiatives like "cash for clunkers" (Reuters)
*** Looking for a less expensive digital book reader? Sony's hoping to please (Reuters)
That question has got louder and louder from investors and Wall Street analysts concerned that YouTube owner Google is racking huge profit-hindering costs to be the free online video platform for the world. It seems Google's top guys don't know the answer either -- or if they do, they're choosing not to share it with reporters on Thursday.
Google CEO Eric Schmidt told a media briefing at Sun Valley that he believes YouTube, which his company spent $1.65 billion to acquire three years ago, will come good thanks to its recent launch of new advertising formats such as pay-to-promote and pre-roll ads. "We're optimisic that YouTube will be a strong revenue business for us because of these products," he told reporters.
When it comes to wiretapping in the UK, the key question for Rupert Murdoch, chief executive of News Corp, is what did he know and when did he know it?
Murdoch's News of the World is caught up in new allegations that its journalists intercepted mobile phone voicemails of Hollywood celebrities and athletes. British police have said they are not re-opening a 2005 investigation, which saw the firing of then News of World editor Andy Coulson.
Nearly every powerful media and technology executive you can think of will be camping out in the idyllic and affluent ski resort town of Sun Valley this week. They have aimed their Gulfstreams squarely at Idaho so they can show up at the 27th edition of Allen & Co's media and technology conference, which investment banker Herb Allen holds every summer here.
That means nearly every media reporter you can think of will be hovering among the hedgerows and parking lots (and in the bar, naturally), waiting to get a few precious seconds with super-wattage movie executives from DreamWorks's Jeffrey Katzenberg to Paramount's Brad Grey, technology heavyweights such as Michael Dell and Bill Gates, media kingpins Philippe Dauman and Rupert Murdoch and fresh-faced startup darlings like Facebook's Mark Zuckerberg, Twitter's Evan Williams and Ning's Gina Bianchini.
Starting today Disney content will go live on Hulu, consumating a deal that was struck earlier this year to join the two-year venture with NBC Universal, News Corp and Providence Equity Partners.
The first few shows include popular fare from ABC such as Grey's Anatomy, Desperate Housewives and Ugly Betty. This means Hulu is going from strength to strength in locking down its leadership as the place for watching TV on the Web.