An investor group involving Activision Blizzard CEO Bobby Kotick is in final talks to take a controlling stake in News Corp’s social network site Myspace, according to a source familiar with the matter. Kotick’s involvement is personal and nothing to do with Activision at this stage, the source said.
News Corp, which paid $580 million for Myspace in 2005, had hoped to do a deal valuing Myspace at about $100 million, but sources said it was unlikely to achieve that target.
Apple plans to build a circular “spaceship” building in hometown Cupertino — and be the best office building in the world, CEO Steve Jobs said. The ailing Jobs, formally on leave from the company, made his second public appearance in two days late on Tuesday to show off plans to the Cupertino city council. Apple has grown “like a weed” Jobs said, and needs a place to put roughly 12,000 people. The massive new structure would be in addition to the main campus at 1 Infinite Loop.
Facebook is providing European regulators with information about its use of facial recognition technology, in response to concerns about the company’s roll-out of the technology’s availability outside of the U.S.. Facebook said there was no “formal investigation” under way. The move comes after comments by Gerard Lommel, a Luxembourg member of the so-called Article 29 Data Protection Working Party, who said the group would study Facebook’s use of facial recognition technology for possible rules violations, according to a report in Bloomberg earlier on Wednesday.
Nintendo took the wraps off a high-definition version of its hit Wii, with a 6.2-inch touchscreen-equipped controller that the leading videogame hardware maker hopes will appeal to a more hardcore audience. Early reviews of the Wii U were mixed, with analysts saying the device stopped short of being game-changing. But some liked the innovation in the controller, a device slightly larger than Apple’s iPhone and whose touchscreen, video-call capability and extra functions may appeal to gamers who play longer and more intensely.
The new device will go on sale between April and December 2012, the company told reporters in LA without saying how much it would cost.
The release of a Financial Times app that bypasses Apple’s App Store is a warning shot at the iPad maker’s quest to rule the high seas of digital publishing.
Launched just hours after Apple announced Newsstand, the iPad maker’s destination to access digital versions of mags and rags, FT made clear why it created the app: