Tech wrap: Google boosts daily deals
Google unveiled big changes to its fledgling daily deals business in the midst of rival Groupon’s IPO roadshow.
“With 57 completed deals under its belt this year, Google has already smashed its 2010 record of 48 acquisitions — and it is only October,” reports DealBook.
U.S. patent records point to a possible conflict of interest in an Olympus investment in a cookware company, raising more questions for investors demanding a full explanation from the Japanese company of acquisitions that made heavy losses.
“In some ways, the Olympus episode harks to an older — and more freewheeling — era of Japanese deal-making, before the bursting of the country’s economic bubble in the 1990s and subsequent regulatory reform efforts,” reports the NYT.
Research In Motion has parted ways with a senior executive involved with the company’s move into “cloud-based” services, adding to a string of high-level departures from the BlackBerry maker.
Sony is to take over its mobile phone joint venture with Ericsson for 1.05 billion euros ($1.5 billion), as it seeks to exploit its music and video to help it catch smartphone leaders such as Apple.
“While most agree Sony’s takeover of the business is a positive, there is skepticism that it can actually turn the handset business around,” reports CNET.
Breakingviews columnist Rob Cox sitting down with ”The Agony and the Ecstasy of Steve Jobs” creator and actor Mike Daisey to discuss his show and the ethical dilemma facing users of Apple products: