Buying

  • Halt Facebook-WhatsApp deal, privacy groups ask regulators 07-03-2014 07:01 AM

    San Francisco: Privacy advocates have asked US regulators to halt Facebook's $19 billion acquisition of messaging service WhatsApp until there is a clearer understanding of how the company intends to use the personal data of WhatsApp's 450 million users. WhatsApp, a service that allows mobile phone users to send each...
  • What the future holds for WhatsApp after acquisition by Facebook 22-02-2014 12:15 PM

    San Francosco: In recent years, a bevy of messaging apps has fought for global domination, with many boasting a lucrative combination of communications features, online shopping and games. But this week, Facebook CEO Mark Zuckerberg spent a staggering $19 billion to buy WhatsApp, the contender with perhaps the simplest functionality...
  • Will Facebook dilute WhatsApp's appeal? The fears of a WhatsApp fan 21-02-2014 07:53 AM

    New York: When I used WhatsApp to tell my family about Facebook's $19 billion purchase of the company that makes my favorite app, I punctuated the message with a string of crying emojis (cartoon faces). I'm paranoid that Facebook's massive data-gathering operation will enable advertisers to stalk me based on...
  • What's WhatsApp? A brief profile of the company Facebook's buying for $19 billion 20-02-2014 08:53 AM

    Profile:Year founded: 2009.Company founders: Former Yahoo engineers Jan Koum (the current CEO) and Brian Acton.Headquarters: Mountain View, Calif.Number of employees: 55.How it works:Download the app to phones running Android and iPhones, as well as BlackBerry, Windows and Nokia phones.Messages are sent over the Internet, to individual people or groups.One check...
  • The biggest buys: Facebook vs Google vs Microsoft 20-02-2014 08:21 AM

    Facebook's $19 billion in cash and stock acquisition of WhatsApp is by far the company's largest and bigger than any that Google, Microsoft or Apple have ever done. The deal translates to roughly 9 per cent of Facebook's market value. In comparison, Google's biggest deal, Motorola Mobility, stood at $12.5...
  • Why Facebook is buying WhatsApp for a whopping $19 billion 20-02-2014 07:14 AM

    Facebook will buy fast-growing mobile-messaging startup WhatsApp for $19 billion in cash and stock, as the world's largest social network looks for ways to boost its popularity, especially among a younger crowd. The acquisition of the hot messaging service with more than 450 million users around the world stunned many...
  • Facebook to buy WhatsApp: Full text of Mark Zuckerberg's message 20-02-2014 07:04 AM

    Facebook announced that it will buy fast-growing mobile-messaging startup WhatsApp for $19 billion in cash and stock in what will be the company;s biggest acquisition ever and also bigger than any that Google, Microsoft or Apple have ever done. Facebook CEO Mark Zuckerberg posted a Facebook update announcing the news....
  • Facebook buying WhatsApp messaging app for $19 billion 20-02-2014 05:58 AM

    New York: Facebook is buying mobile messaging service WhatsApp for $19 billion in cash and stock, by far the company's largest acquisition and bigger than any that Google, Microsoft or Apple have ever done. The world's biggest social networking company said on Wednesday that it is paying $12 billion in...
  • 'No man's land' is all about strong characters 16-02-2014 08:26 AM

    Let me start this post by quoting Mark Twain "Buy land, they're not making it anymore." and this is what explains the basis of Nilesh Shrivastava's debut book No Man's Land. The cover of the book is intriguing and its blurb will definitely push you to pick the book up....
  • Why Google is buying high-tech thermostat maker Nest Labs for $3.2 bn 15-01-2014 05:03 PM

    San Francisco: When our Internet-connected gadgets and home appliances all learn to talk to each other, Google wants to be at the centre of the conversation. This imagined future is still a few years away, but Google is already preparing with its $3.2 billion acquisition of high-tech thermostat and smoke-detector...
  • Microsoft to take over Nokia's Espoo headquarters in 2014 22-11-2013 06:37 AM

    Helsinki: Nokia says its headquarters near the Finnish capital will be taken over by Microsoft on completion of the sale of its cellphone and services division to the US software company, expected in early 2014. The majority of the 1,900 workers, in the devices and services unit, will remain in...
  • Twitter's share price could double within a year; gets 'buy' rating 08-10-2013 10:28 AM

    Bangalore: Twitter Inc's share price could almost double in its first year as a listed company, a brokerage firm said, issuing a "buy" rating on the stock even before the online messaging service goes public. SunTrust Robinson Humphrey analyst Robert Peck, the first to rate the stock, suggested Twitter could...
  • How will Microsoft solve the India riddle? 06-09-2013 01:05 PM

    New Delhi: Microsoft's acquisition of Nokia's handset business gives the software behemoth control of its main Windows smartphone partner, but leaves a question mark over the bigger business it has bought: Nokia's cheap and basic phones that still dominate emerging markets like India. Microsoft Chief Executive Steve Ballmer has said...
  • Why Nokia didn't sell its patents to Microsoft 04-09-2013 10:12 AM

    San Francisco: Nokia may have sold its handset business to Microsoft Corp, but by hanging on to its valuable patent portfolio, the Finnish company could also get a big future payoff at the expense of Android phone makers. Microsoft agreed on Tuesday to pay 3.79 billion euros ($5 billion) for...
  • Infographic: Nokia and Microsoft's shared history of innovation 03-09-2013 05:23 PM

    Microsoft is buying Nokia's handset and services business in an attempt to mount a more formidable challenge to Apple and Google. The $7.2 billion deal marks a major step in Microsoft's push to transform itself from a software maker focused on making operating systems and applications for desktop and laptop...
  • Nokia stock surges 40 per cent on Microsoft takeover 03-09-2013 04:14 PM

    Helsiniki: Microsoft Corp. is buying Nokia Corp.'s line-up of smartphones and a portfolio of patents and services in an attempt to mount a more formidable challenge to Apple Inc. and Google Inc. as more technological tasks get done on mobile devices instead of personal computers. The 5.44 billion euros ($7.2...
  • Nokia says Microsoft approached it for talks in February 03-09-2013 04:00 PM

    Helsinki: Microsoft's Chief Executive Steve Ballmer approached Nokia for an "open dialogue" for an acquisition in February this year, said the Finnish company's interim leader Risto Siilasmaa. Ballmer, who appeared at the same news conference, said the company would build on the recent growth of Nokia's Lumia smartphones. Microsoft on...
  • Full text of Microsoft's press release on Nokia acquisition 03-09-2013 10:42 AM

    Microsoft to acquire Nokia's devices & services business, license Nokia's patents and mapping services REDMOND, Washington and ESPOO, Finland - Sept. 2, 2013 - Microsoft Corporation and Nokia Corporation today announced that the Boards of Directors for both companies have decided to enter into a transaction whereby Microsoft will purchase...
  • Nokia CEO Stephen Elop to move to Microsoft, chairman to take over 03-09-2013 10:23 AM

    Helsinki: Nokia said its chief executive, Stephen Elop, will move to Microsoft Corp when the deal to acquire Nokia's handset business is closed. Nokia board chairman Risto Siilasmaa will take over CEO duties while the Finnish firm is looking for a new CEO. Elop was hired as Nokia CEO in...
  • Presentation: Microsoft's strategic rationale for the Nokia acquisition 03-09-2013 10:23 AM

    Microsoft is buying Nokia's devices and services business, and getting access to the company's patents, for a total of 5.44 billion euros ($7.2 billion) in an effort to expand its share of the smartphone market, the companies announced late Monday.Microsoft will pay 3.79 billion euros ($5 billion) for the Nokia...
  • Microsoft to acquire Nokia's devices and services business for $7.2 bn 03-09-2013 10:11 AM

    Helsinki: Microsoft Corp on Tuesday said it would buy Nokia's mobile phone business for 5.44 billion euros, and the Finnish firm said its CEO, Stephen Elop, would join Microsoft when the transaction closed. Finland's Nokia, once the undisputed leader in mobile phones, has been struggling to respond to the challenge...
  • Steve Ballmer's email to Microsoft employees on the Nokia acquisition 03-09-2013 09:55 AM

    Microsoft on Tuesday said it will buy Nokia's mobile phone business for 5.44 billion euros ($7.2 billion). The deal is expected to close in the first quarter of 2014 and it is subject to approval by Nokia's shareholders and regulatory approvals. Nokia partnered in 2011 with Microsoft and uses Microsoft's...
  • Microsoft to buy Nokia: Open letter from Steve Ballmer, Stephen Elop 03-09-2013 09:44 AM

    Microsoft and Nokia have announced that the software giant will acquire the struggling mobile phone company's devices business for 5.44 billion euros ($7.2 billion). Below is an open letter from Microsoft CEO Steve Ballmer and Nokia CEO Stephen Elop addressed to consumers: The Next Chapter: An open letter from Steve...
  • Microsoft to buy Nokia's mobile phone business for $7.2 billion 03-09-2013 09:33 AM

    Helsinki: Microsoft on Tuesday said it would buy Nokia's mobile phone business for 5.44 billion euros ($7.2 billion), and the Finnish firm said its CEO, Stephen Elop, would join Microsoft when the transaction closed. Finland's Nokia, once the undisputed leader in mobile phones, has been struggling to respond to the...
  • Gold falls to three-week lows on stronger dollar 15-05-2013 05:10 PM

    London: Gold fell for the fifth straight session on Wednesday, hitting a three-week low as the dollar strengthened to a six-week high versus the euro after weak euro zone data. While gold has recovered around 7 per cent from a two-year trough of $1.321.35 an ounce hit in mid-April, its...