Buying

  • Firms tool up for defence orders on Narendra Modi's 'make in India' pledge August 21, 2014

    New Delhi: Some of India's biggest companies are pouring billions of dollars into manufacturing guns, ships and tanks for the country's military, buoyed by the new government's commitment to upgrade its armed forces using domestic factories. India, the world's largest arms importer, will spend $250 billion in the next decade on...
  • Facebook tests 'Buy' button to help advertisers boost sales July 18, 2014

    New York: Facebook is testing a "Buy" button in its latest effort to help businesses boost their sales through the world's biggest online social network. The company said in a statement Thursday that the button will let people buy products directly from businesses without leaving Facebook. A "Buy" button appears at...
  • Inox in talks to buy Satyam Cineplexes June 30, 2014

    New Delhi: Multiplex operator Inox Leisure is in talks with Satyam Cineplexes to buy the Gurgaon-based rival, a move which would expand its foothold further in the film exhibition market in the northern region. According to the sources, Inox is in talks with Satyam Cineplexes to acquire its movie exhibition business. "We...
  • Halt Facebook-WhatsApp deal, privacy groups ask regulators March 7, 2014

    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 other...
  • What the future holds for WhatsApp after acquisition by Facebook February 22, 2014

    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 and...
  • Will Facebook dilute WhatsApp's appeal? The fears of a WhatsApp fan February 21, 2014

    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 intimate...
  • What's WhatsApp? A brief profile of the company Facebook's buying for $19 billion February 20, 2014

    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 February 20, 2014

    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 February 20, 2014

    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 Silicon...
  • Facebook to buy WhatsApp: Full text of Mark Zuckerberg's message February 20, 2014

    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. Full...
  • Facebook buying WhatsApp messaging app for $19 billion February 20, 2014

    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 Facebook...
  • 'No man's land' is all about strong characters February 16, 2014

    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. The...
  • Why Google is buying high-tech thermostat maker Nest Labs for $3.2 bn January 15, 2014

    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 maker...
  • Microsoft to take over Nokia's Espoo headquarters in 2014 November 22, 2013

    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 the...
  • Twitter's share price could double within a year; gets 'buy' rating October 8, 2013

    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 float...
  • How will Microsoft solve the India riddle? September 6, 2013

    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 he...
  • Why Nokia didn't sell its patents to Microsoft September 4, 2013

    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 Nokia's...
  • Infographic: Nokia and Microsoft's shared history of innovation September 3, 2013

    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 September 3, 2013

    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 billion)...
  • Nokia says Microsoft approached it for talks in February September 3, 2013

    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 Tuesday...
  • Full text of Microsoft's press release on Nokia acquisition September 3, 2013

    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 substantially...
  • Nokia CEO Stephen Elop to move to Microsoft, chairman to take over September 3, 2013

    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 2010 from...
  • Presentation: Microsoft's strategic rationale for the Nokia acquisition September 3, 2013

    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 September 3, 2013

    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 from...