Yahoo is considering a plan to unload most of its prized Asian assets in a complex deal valued at roughly $17 billion, sources familiar with the matter said.
The former Internet powerhouse’s increasing difficulty in competing with heavyweights such as Google and Facebook have forced it to explore proposals to revamp its business.
Oracle shares plummeted on Wednesday, a day after its results fell short of expectations, dragging down the tech sector as investors feared the rare miss was a sign corporate America may be pulling back on tech spending.
More troubling news for the tech sector as Nokia’s long-awaited Windows phones may be too little, too late in the smartphone war dominated by Apple and Google, despite positive reviews by handset critics.
Deutsche Telekom may be forced into a tie-up of its sub-scale U.S. wireless unit with Sprint Nextel after a $39 billion deal with AT&T collapsed.
AT&T said on Monday it had dropped its bid for T-Mobile USA, bowing to fierce regulatory opposition and leaving both companies scrambling for alternatives.
A months-long delay in Research in Motion’s new BlackBerrys and a dreary quarterly report sent RIM shares tumbling again on Friday and pushed some analysts to sound the death knell for the mobile device that once defined the industry.
Zynga shares opened as much as 10 percent above their offer price on Friday but then rolled back below the IPO price, showing that investors were still concerned about its dependence on Facebook and its growth prospects and that demand for hot tech IPOs may be waning.
Research In Motion faced renewed calls for a change in its leadership on Thursday, hours ahead of the quarterly results that could fuel criticism over the BlackBerry maker’s poor performance and sagging share price.
Jaguar Financial, an activist shareholder that has asked the BlackBerry maker to sell itself in whole or parts, once again called on two of RIM’s independent directors to push for a separation of the roles of chairman and chief executive.
Research In Motion has already doled out a big helping of bad news ahead of its financial results on Thursday, but surprises could still await investors hungry for details about what many see as a new, make-or-break BlackBerry.
Investors are desperate to know whether RIM will stand by its current timetable to switch its smartphones to the new QNX operating system by early next year. The transition is considered the Canadian company’s last, best chance to reverse its declining fortunes.
The WSJ.com reports that Apple is softening its approach to its iAd mobile advertising service due to the tepid response as it loses ground to Google in the fast-growing mobile-ad market.
Marketers say they have been turned off by iAd’s high price tag as well as Apple’s hard-charging sales tactics and its stringent control over the creative process which has forced Apple to make some changes.
Hewlett-Packard is close to a deal to buy software company Autonomy for $10 billion and will announce a long-rumored spinoff of its PC division.
Autonomy, which counts Procter & Gamble among a long list of major corporate customers that use its software to search and organize unstructured data like emails, confirmed it was in talks with HP.
Tech giants continued attempts to shore up their patent portfolios continued on Wednesday, with InterDigital being targeted by Apple, Nokia and Qualcomm.
Bidders have been eager to get their hands on InterDigital”s 8,800 patents — including crucial 3G and 4G/LTE patents to strengthen operating software for smartphones.
Samsung’s Galaxy Tab line of tablet computers has taken the market by storm and is considered the most credible alternative to the iPad, selling about 30 million since its launch a year and a half ago.