If Facebook hosted a constitutional convention Is Facebook bigger than the Constitution? In some ways, the social network already is, but it may not be big enough to host a constitutional convention. China approves Google’s Motorola buy, demands Android remain open
The United States Department of Justice approved Google’s $12.5 billion acquisition of Motorola Mobility this past February, but the massive deal awaited the blessing of one more major regulatory body before it could go through. This past weekend, China’s Ministry of Commerce followed the DOJ’s lead and granted Google permission to acquire the struggling vendor. China’s MOC did have a condition Google must honor if it moves forward with the deal, however: Android must remain open-source and freely available. Google announced last August that it intended to acquire Motorola Mobility for $12.5 billion, and the deal is expected to close in the coming months.
Comedy is king again on network television
Broadcast television networks are determined to make you laugh.
Alibaba in talks to raise $2.3 billion equity for Yahoo deal: sources
SINGAPORE/HONG KONG (Reuters) - Chinese Internet firm Alibaba Group is in talks with existing shareholders, including Singapore state investor Temasek Holdings , to raise about $2.3 billion in equity to partly finance its deal with Yahoo Inc. , two sources said. Entrepreneur Jack Ma is buying back up to half of a 40 percent stake in his Alibaba Group from Yahoo for $7.1 billion, in a deal that moves the Chinese e-commerce leader closer to a public listing. Alibaba is looking to raise about a third of the $7.1 billion through issuance of equity to shareholders, one of the sources told Reuters. ...
Google says disagrees with EU antitrust opinion BRUSSELS (Reuters) - Google said on Monday that it disagreed with the opinion of EU antitrust regulators who said it may have abused its dominant position, but said it was willing to discuss issues further to resolve the matter. Earlier on Monday, EU Competition Commissioner Joaquin Almunia offered Google, which provides the world's most popular search engine, the chance to offer concessions to settle an antitrust investigation. "We disagree with the conclusions but we're happy to discuss any concerns they might have," Google spokesman Al Verney said in a statement. ... Yahoo to sell half of its Alibaba stake for $7.1B
Struggling Internet company Yahoo Inc. has secured a lifeline after agreeing to sell half of its prized stake in Chinese e-commerce group Alibaba for about $7.1 billion, with most of the cash going to shareholders.
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