MediaFile

Tech wrap: Yahoo to cut Asian stake

December 22, 2011

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.

Weakening economies and falling prices of rival smartphones are hurting sales of Apple iPhones across Europe, data from research firm Kantar Worldpanel ComTech showed on Thursday.

The October roll-out of Apple’s iPhone 4S boosted its position in Britain and United States, but the new phones failed to excite interest in continental Europe, where Apple’s share of the fast-growing smartphone market slipped.

Staying with Apple, a German court rejected the company’s claims that Samsung Electronics’ reworked tablet PC still looks like a copycat version of the iPad, in a preliminary assessment.

Apple is fighting several rival makers of smartphones and tablet PCs in courts worldwide over intellectual property.

Bloomberg reports that Funny Or Die, the comedy website founded by Will Ferrell, is pointing the way for Web-based entertainment companies by combining the scrappiness of an Internet startup with A-list talent that attracts viewers.

Finally, for those who couldn’t quite make it to Stonehenge to watch the sun rise on Thursday’s winter solstice, a new app could offer some consolation by offering a virtual tour around the mysterious stones.

 

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