Ars Technica Acquired by CondeNast (Wired)
Ars Technica, one of the most popular technology blogs, has been acquired by CondeNast a media company that also owns Wired Digital. In a breaking story from TechCrunch, Michael Arrington reports that the deal is around the $25 million mark.
It is expected that Ars Technica will now be running under the Wired [...]
HP to Take On IBM with Acquisition of EDS
According to the Financial Times Hewlett-Packard, commonly known as HP, is in the process of acquiring Electronic Data Systems (EDS) for $13 billion. EDS is one of the biggest IT services company in a market that is dominated by IBM and was also a pioneer being that it was formed in the 1960s it had [...]
AOL pays $850 Million for Bebo
AOL have announced their intention to acquired Bebo, one of the popular social media networks, for a reported $850m. The news has caught many analysts off-guard as there has been speculations in the past weeks that TimeWarner may be planning to flog off AOL to the highest bidder.
In the announcement AOL says it will fuse [...]
Global Online Advertising Reaches $45bn, and $147bn by 2012
Internet advertising continues to grow at a faster rate than previously estimated. According to estimates by the Interactive Advertising Bureau (IAB) inconjunction with PricewaterhouseCoopers, US Internet advertising revenues for 2007 have grown by 25% to $21.1 billion from $16.9 billion in 2006. Even quarter revenues have grown exponentially producing record level revenues.
“Interactive media continue [...]
DivX Shuts Down Stage6
DivX have announced that they are to shut down their popular video sharing site Stage6 and its last operating day will be 28 February 2008. Videos uploaded to Stage6 were of DivX format which made it possible for content creators to showcase high quality videos on the web. DivX say the reason for pulling the [...]
Yahoo! officially reject Microsoft’s bid.
As it has been widely reported throughout the weekend the Yahoo! board, on Monday, has officially rejected the proposed bid by Microsoft. Yahoo! states that the bid undervalues the company and therefore its not in the best interest of Yahoo! and its stockholders.
After careful evaluation, the Board believes that Microsoft’s proposal substantially undervalues [...]
