(Reuters) – Alibaba Group Holding Ltd (BABA.N: Quote, Profile, Research, Stock Buzz) is investing $200 million in photo-messaging app Snapchat, a source familiar with the deal said, striking its latest Silicon Valley deal as the Chinese ecommerce company builds up mobile services.
The investment values the company at around $15 billion, according to Bloomberg, citing people familiar with the situation as saying. This places the four-year-old company into the top ranks of privately held startups.
March 11 (Reuters) – Alibaba Group Holding Ltd is
investing $200 million in photo-messaging app Snapchat, a source
familiar with the deal said, striking its latest Silicon Valley
deal as the Chinese ecommerce company builds up mobile services.
The investment values the company at around $15 billion,
according to Bloomberg, citing people familiar with the
situation as saying. This places the four-year-old company into
the top ranks of privately held startups.
SEATTLE (Reuters) – Two former Microsoft Corp
managers have sued the company, saying they were forced out
after they raised concerns about an employee’s large claims for
expenses in South Korea that may have included sex services.
The lawsuit, filed by George Engstrom and John Stockwell in
state court in Seattle, says an unnamed Microsoft employee ran
up entertainment expenses of more than $22,000 from taking
potential business partners to South Korean “hostess bars”,
which often provide sexual services to customers.
SEATTLE (Reuters) – Hewlett-Packard Co (HPQ.N: Quote, Profile, Research, Stock Buzz) shocked investors by putting a $2 billion-plus price tag on its planned separation into two companies and provided only scant evidence that its highly touted enterprise segment is on a growth track.
HP shares plummeted almost 10 percent on Wednesday, to below their level in October when the plan for a separation was announced.
SEATTLE (Reuters) – International Business Machines Corp brought back annual performance bonuses for its chief executive and her top lieutenants for 2014 despite falling profits and a tumbling stock price, a regulatory filing showed on Friday.
The technology company, which has posted lower revenue for 11 quarters in a row as it struggles to transform itself into a cloud-based software and services company, withheld annual bonuses in 2013 at the executives’ own request.
SEATTLE, Jan 30 (Reuters) – Seattle Seahawks owner Paul Allen has the knack of being in the right place at the right time.
He was the man who persuaded Seattle school-friend Bill Gates to drop out of Harvard and in 1975 create a company called ‘Micro-Soft.’
The world’s largest software company, whose shares had climbed about 30 percent over the past 12 months to near 15-year highs, instead worried investors with a series of troubling signals in its earnings report and conference call on Monday.
SEATTLE (Reuters) – Microsoft Corp (MSFT.O: Quote, Profile, Research) on Monday reported a fall in its quarterly profit that was in line with Wall Street forecasts, as sluggish personal computer sales dampened demand for Windows software and the company struggled with the impact of the strong U.S. dollar.
Shares of the world’s largest software company, which have surged to 14 year highs in the past few months, fell 3 percent in after-hours trading, to $45.63.
SEATTLE (Reuters) – The main engine of Microsoft Corp’s (MSFT.O: Quote, Profile, Research) historic earnings power – selling Windows and Office to big businesses – is showing signs of waning, and investors are concerned that the shift to the cloud is not making up for the shortfall.
Shares of the world’s largest software company fell more than 4 percent after hours on Monday, as it forecast a slight sequential dip in commercial licensing sales this quarter, and only a modest increase in cloud-based revenue over the quarter just ended.
SEATTLE (Reuters) – Microsoft Corp surprised the tech world on Wednesday with a prototype hologram visor that can bring the Minecraft video game, Skype calls and even the landscape of Mars to three-dimensional life.
The aging tech pioneer, which long ago lost the mantle of the world’s most inventive company, is making a bold play to regain that title in the face of stiff competition from Google Inc and Apple Inc.