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Google made it known to its array of merchants that it is discontinuing the Google Checkout functionality, and migrating some existing users to Google Wallet. In a blog post announcing the move, Google called the Wallet product “a platform that enables merchants to meet the demands of a multi-screen world where consumers shop in-stores, at [...]
Sprint today submitted a revised offer for Clearwire and increased its bid from $2.97 per share to $3.40 per share, now totaling about $2.5 billion. Sprint hopes the improved offer will give Clearwire’s board and investors the incentive they need to approval the deal. Sprint is looking to purchase the 50% of Clearwire that it [...]
Sprint today announced that it has acquired Handspring/OneLouder, a Kansas City-based company that it will add to its own Pinsight Media+ advertising business. Handspring has developed smartphone applications for more than a decade, and targeted platforms such as Palm OS and Windows Mobile with its informative and useful apps. The company later paired with OneLouder, [...]
Yahoo today announced that it has agreed to purchase Tumblr for $1.1 billion in cash. Tumblr is a blogging platform that, by Yahoo CEO Marissa Meyer’s own admission, “couldn’t be more different” than Yahoo. Despite the differences, Meyer believes the two companies will be complementary to one another in the long run. Yahoo made a [...]
The U.S. Supreme Court has sided with the Federal Communications Commission regarding a dispute over cell towers. Wireless industry players complained to the FCC that local governments are often slowing down the process to adjust existing cell towers or install new ones. The FCC recommends that local jurisdictions should act on amendments to existing towers [...]
The Federal Communications Commission today indicated that T-Mobile USA has dropped a lawsuit filed against the FCC by the former MetroPCS. T-Mobile acquired MetroPCS earlier this month. The aim of the lawsuit was to scuttle the FCC’s Open Internet rules. On his last day in office, FCC Chairman Julius Genachowski said, “The FCC’s widely supported [...]
Dish Networks has filed a second request with the Federal Communications Commission asking the regulatory body to stop its review of Softbank’s proposed equity acquisition of Sprint. This time around, Dish claims that Softbank is trying to block its attempt to buy Sprint though back-handed banking maneuvers. Last week, Reuters reported that Softbank threatened to [...]
Pebble, the smartwatch that started life on Kickstarter, has received an extra $15 million in funding. The additional funding from investors, on top of the $10.2 million received through its Kickstarter campaign. The Series A Funding comes from Charles River Ventures, with the startup looking towards growing its software engineering team to expand Pebble’s open [...]
Google has sent a letter to Microsoft requesting that it remove from the Windows Phone Store a YouTube application written by Microsoft for its Windows Phone 8 platform. According to Google, the app violates its terms of service by allowing users to download videos from the app, it also disables advertising within videos. Google asked [...]
Ubisoft has released its financial information for the 12 month period ending March 31, 2013, which by all accounts seems to have been a pretty legit fiscal year for the publisher/developer conglomerate. The company crossed the finish line with €1.256 billion ($1.615 billion) in revenue and €64.8 million ($83.3 million) in profit, an 18.3 and [...]
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