SAN FRANCISCO (Reuters) – Tango, the mobile messaging app-maker, announced Wednesday it has raised $280 million in a new funding round led by Chinese e-commerce giant Alibaba Group Holding Ltd.
By almost any measure, the investment amounted to a staggering sum for a mobile app developer. The deal, which came one month after Facebook Inc’s stunning $19 billion acquisition of Whatsapp, underscored the lengths that Internet companies are willing to go to gain a foothold in mobile communications.
SAN FRANCISCO (Reuters) – Twitter Inc CEO Dick Costolo will meet Shanghai government officials, academics and students in his first visit to China, signaling Twitter’s interest in cracking a lucrative but thorny market with 600 million Internet users.
Twitter, which has been blocked by Chinese censors since 2009, described the trip as a personal tour for Costolo, who is due to land at Shanghai’s Pudong International Airport on Monday and plans to spend three days in the business capital. He is not scheduled to visit Beijing.
SAN FRANCISCO/SEATTLE (Reuters) – It may be one of Microsoft Corp’s biggest squandered opportunities.
Tired of waiting for Office to be optimized for their mobile gadgets, a growing contingent of younger companies is turning to cheaper, simpler and touch-friendly apps that can perform word processing and other tasks in the cloud.
SAN FRANCISCO (Reuters) – King Digital Entertainment Plc struck gold with “Candy Crush Saga,” the runaway hit that made its way onto hundreds of millions of smartphones and spawned a $1.5 billion franchise.
Now, the rest of the smartphone game industry is waiting to see if King can pull off a coup in the public markets – and perhaps spur a mobile gaming IPO rush in the process.
BOSTON/SAN FRANCISCO (Reuters) – Twitter Inc crashed on Tuesday for the second time in nine days when a software glitch stalled the popular messaging service for about one hour.
The company apologized to its 250 million users in a status blog, saying it had encountered “unexpected complications” during “a planned deploy in one of our core services.”
BOSTON/SAN FRANCISCO, March 11 (Reuters) – Twitter Inc
crashed on Tuesday for the second time in nine days
when a software glitch stalled the popular messaging service for
about one hour.
The company apologized to its 250 million users in a status
blog, saying it had encountered “unexpected complications”
during “a planned deploy in one of our core services.”
SAN FRANCISCO (Reuters) – In recent years, a bevy of messaging apps has fought for global domination, with many boasting a lucrative combination of communications features, online shopping and games.
But this week, Facebook CEO Mark Zuckerberg spent a staggering $19 billion to buy WhatsApp, the contender with perhaps the simplest functionality and negligible revenue. WhatsApp, which has 450 million users, has stuck to basic messaging, but also a simple business model of charging users an annual subscription fee of just $1.
(Reuters) – Facebook Inc will buy fast-growing mobile-messaging startup WhatsApp for $19 billion in cash and stock in a landmark deal that places the world’s largest social network closer to the heart of mobile communications and may bring younger users into the fold.
The transaction involves $4 billion in cash, $12 billion in stock and $3 billion in restricted stock that vests over several years. The WhatsApp deal is worth more than Facebook raised in its own IPO and underscores the social network’s determination to win the market for messaging.
(Reuters) – Facebook Inc will buy fast-growing mobile-messaging startup WhatsApp for $19 billion in cash and stock, as the world’s largest social network looks for ways to boost its popularity, especially among a younger crowd.
The acquisition of the hot messaging service with more than 450 million users around the world stunned many Silicon Valley observers with its lofty price tag.
SAN FRANCISCO, Feb 19 (Reuters) – ZenPayroll, which provides
cloud-based payroll services to small- and medium-sized
businesses, said Wednesday it had secured $20 million in its
first round of venture funding from General Catalyst Partners
and Kleiner Perkins Caufield & Byers.
The deal, one of the larger Series A investments to close in
recent months in the Internet industry, comes about two years
after ZenPayroll raised a hefty $6.1 million in seed funding
from individuals such as Drew Houston and Aaron Levie, chief
executives of cloud-storage and file-sharing service provider
Dropbox and cloud-content storage and management service Box,
respectively. Series A investments may be provided in the form
of preferred stock.