Google has invested as much as $200 million in social gaming company Zynga, as it looks to bolster its presence in the world of online gaming, according to technology blog TechCrunch.
According to TechCrunch, the investment may have been in conjunction with Softbank Capital’s deal to purchase a stake in Zynga, which makes games for social networks including Facebook and MySpace and profits by selling virtual goods. In June, Nikkei reported that Softbank bought a stake in Zynga for about 13.5 billion yen ($147.4 million) through a private placement.
You gotta figure that every web entrepreneur waits (prays!) for a call or email that goes like this: “Hey dinky but popular outfit with a loyal customer base — super-huge company here. We want to buy you and make you rich. Have a nice day.”
Woot.com got a call like that from Jeff Bezos’s Amazon.com. They announced the deal on Wednesday. It’s speculated that Amazon paid about $110 million for the company that sells only one item per day at discounted prices, until inventory runs out. The next day, it moves on to another item such as you know, a water gun or a home pedicure kit.
NEW YORK (Reuters) – Amazon.com Inc cut the price on its most expensive Kindle electronic reader, the latest salvo in a price war in response to Apple Inc’s pricier iPad tablet computer.
It was the second price cut for the online retailer’s line of e-book readers in as many weeks. Last week, Amazon cut the price of its cheaper Kindle with a 6-inch screen to $189, hours after bookstore chain Barnes & Noble Inc lowered the price of its “Nook” e-reader to $199. Both had cost $259.