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News Corp., AOL Pursue Yahoo Deals

Yahoo Inc. and Time Warner Inc.’s AOL are closing in on a deal to combine their Internet operations, a move aimed at thwarting Microsoft Corp.’s effort to acquire Yahoo, people familiar with the matter said Wednesday.

But Microsoft is recrafting its assault plan by talking with Rupert Murdoch’s News Corp., publisher of The Wall Street Journal, about mounting a joint bid for Yahoo, people familiar with the matter said. Microsoft and News Corp. have yet to reach an agreement on joining forces but one person apprised of the plan described the discussions as serious. Such a deal would combine three of the biggest Internet properties: News Corp.’s MySpace, Microsoft’s MSN and Yahoo.

Negotiating Leverage

The AOL-Yahoo deal under consideration would include the repurchase of some Yahoo shares at a price above Microsoft’s offer. Taken together with a possible search advertising pact with Google Inc., the plan could give Yahoo an alternative to a Microsoft takeover — although many analysts and investors believe Microsoft will ultimately win out. At the least, Yahoo’s efforts could give it more leverage to negotiate a higher price from Microsoft

Source: Online

Microsoft Makes $42B Bid for Yahoo

Unable to topple Google Inc. on its own, Microsoft Corp. is trying to force crippled rival Yahoo Inc. into a shotgun marriage, with a wager worth nearly $42 billion that the two companies together will have a better chance of tackling the Internet search leader.
Microsoft’s audacious attempt to buy Yahoo, spelled out in an unsolicited offer announced Friday, shows just how much Google threatens the world’s largest software maker’s grip on how people interact with computers.

For Yahoo, the bid represents another painful reminder of how missed opportunities and mismanagement combined to open the door for Google to supplant it as the Internet’s main gateway, decimating its stock price in the process.

Source: Biz Yahoo

AOL buys BEBO for $850 Million

In an unexpected move, AOL has acquired social-networking site Bebo. The price tag: $850 million in cash.Rumors had floated over the past few months that Bebo, which has over 40 million members, was up for sale. Reports suggested a $1 billion price tag, but there were few hints as to potential buyers. Though Bebo had already partnered with AOL’s AIM messaging client to facilitate friend-invite interoperability between the two services, even the most creative blogger speculation didn’t seem to point to AOL eventually buying the social network.

Ironically, AOL itself has been talked about as an acquisition target. Jeffrey Bewkes, CEO of Time Warner, which operates AOL, has spoken recently about plans to spin off or sell divisions of the company.

Source: News

Internet founding father steps down from ICANN

Vint Cerf, one of the founding fathers of the internet, is stepping down from his role as the chairman of its oversight committee to focus on writing books, advocacy and his job at Google Inc.

The 64-year-old has spent the past seven years as the head of the Internet Corporation for Assigned Names and Numbers, which counts the administration of domain names as its chief responsibility. Cerf is also a vice-president and “chief internet evangelist” of Google.

He is stepping down from ICANN this week after guiding the organization through several battles over the past few years. In 2005, ICANN was under threat of being taken over by the United Nations after several countries complained the group was too U.S.-focused. Cerf helped negotiate an agreement that kept the running of the organization largely unchanged.

“My sentence is up,” he told the Associated Press with his trademark humour.

Cerf said he has spent between 25 and 40 per cent of his time on ICANN-related business. He said he will step away from the group completely for at least a year, to allow it to become self-sufficient. ICANN has not yet named a successor.

Under Cerf, ICANN introduced new top-level domains for Europe and Asia — .eu and .asia — but could not decide on how to implement a .xxx name for pornographic sites.

He said he plans to write several books, including at least one about the internet and another about hearing impairment. Cerf is also an outspoken advocate of net neutrality principles and the development of the internet.

Source: CBC News

MySpace starts Skype call service

Social network website MySpace has joined forces with internet phone firm Skype to allow MySpace users to make calls to each other.

With the service, which starts from the end of November, the two firms say they are creating the world’s largest online, voice-connected community.

MySpace users will be able to place free internet calls to other people on MySpace, or to Skype users.

In addition, MySpace users will be able to pay to call landlines and mobiles.

‘Natural step’

The Skype option will be added to MySpace’s existing instant messaging feature, and will not require MySpace users to download any additional Skype software.

“Internet calling is the natural next step for how our members communicate with each other,” said MySpace chief executive Chris DeWolfe.

No financial terms of the arrangement have been released.

Source: BBC

Google Pledges $30 Million for Private Moon Landing

Google Inc. will pay up to US$30 million in prize money to anyone able to land a privately funded spacecraft on the moon, because “it’s cool,” the company said on its blog.

“More seriously, space exploration has a remarkable history of producing technological breakthroughs,” wrote Alan Eustace, senior vice president of engineering, on Google’s blog. He cited ablative heat shields, asteroid mining, invisible braces, and the Tang orange drink as past achievements, and said the prize money could lead to further developments in robotics, new space-age materials, precision landing control technology, “and who knows what else.”

Teams from around the world will vie for the Google Lunar X-Prize by building lunar missions complete with robotic rovers capable of roaming the surface of the moon for at least 500 meters and sending video, images and other data back to Earth, according to a statement from the X Prize Foundation.

The X Prize Foundation is best known for another space competition, the $10 million Ansari X Prize for private suborbital spaceflight, won by SpaceShipOne three years ago. Google teamed up with the foundation on the lunar project.

A grand prize of $20 million will go to the first team to land a privately funded spacecraft to the Moon and complete several tasks. Bonuses of up to $5 million can be earned from roaming an additional 5,000 meters on the surface of the Moon, finding and photographing man made artifacts left on the lunar surface, such as hardware from one of the Apollo missions, discovering water ice, and surviving a lunar night, a frigid affair lasting 14.5 Earth days, the foundation said. The remaining $5 million will be paid to the second place finisher in the competition.

Images from the lunar landing will be available online at the Google Lunar X Prize Web site.

There is a time limit to the competition. The value of the grand prize will drop to $15 million after Dec. 31, 2012, and on Dec. 31, 2014 the contest will end unless extended by Google and the X Prize Foundation.

Source: PC WORLD

‘Fake Steve’ Blogger Comes Clean

For the last 14 months, high-tech insiders have been eating up the work of an anonymous blogger who assumed the persona of Steven P. Jobs, Apple’s chief executive and one of the world’s most famous businessmen.

The mysterious writer has used his blog, the Secret Diary of Steve Jobs, to lampoon Mr. Jobs and his reputation as a difficult and egotistical leader, as well as to skewer other high-tech companies, tech journalists, venture capitalists, open-source software fanatics and Silicon Valley’s overall aura of excess.

Source: NY TIMES

Microsoft to test ad-supported version of Works

Microsoft Corp. said on Wednesday it will offer a free, advertising-supported version of its basic productivity software, Microsoft Works, as part of a test program with computers manufacturers.

The world’s largest software maker has been pondering the future of Microsoft Works, its basic spreadsheet and word processing software, in the face of rising competition from Google Inc.’s suite of business software services.

Unlike Google Docs and Spreadsheets, which are delivered through an Internet browser, Microsoft plans to pre-install Works on computers and display advertisements stored in cache. The software normally retails for $39.99.

Source: Reuters

Google spending hundreds of millions on mobile?

Google Inc has invested hundreds of millions of dollars in its cell phone project and is courting U.S. and European mobile operators, The Wall Street Journal reported on Thursday.

Anian, a Reuters company that tracks industry trends for institutional investors, reported last month that Google had engaged Taiwan’s High Tech Computer Corp to design a Linux software-based phone for launch in the first quarter of 2008.

The Anian report cited industry sources as saying T-Mobile, owned by Deutsche Telekom, would likely be Google’s U.S. partner with France Telecom’s Orange selling the phones in other markets.

Source: Reuters

Wikia Search Engine Gains a Web Crawler

Wikia Inc.’s project to develop an open-source search engine got another boost with its acquisition of the Grub distributed Web crawler, the company announced Friday.

Wikia acquired Grub from LookSmart Ltd. and released it under an open-source license, adding a significant component to Search Wikia, scheduled to debut in this year’s fourth quarter.

The Search Wikia project seeks to create a search engine based on open-source search protocols and human collaboration, drawing from the concept of the Wikipedia online encyclopedia, which is written and edited by a community of volunteer collaborators.

As such, it will provide a better search experience than the ones offered by commercial, proprietary search engines like those from Google Inc., Yahoo Inc. and Microsoft Corp., said Jimmy Wales, Wikia’s co-founder and chairman, and Wikipedia founder.

Source: PC World

BBC launches Internet TV service

The BBC’s flagship online TV service (iPlayer) is being launched, offering viewers the chance to download their favourite programmes from the last seven days.

The iPlayer allows viewers to download a selection of programmes from the last seven days and watch them for up to 30 days afterwards.

In the UK, Channel 4 offers a similar service, called 4OD, for programmes across its portfolio of channels.

Viewers interested in the iPlayer can register for the service on Friday and will then be invited to join. The number of users will increase over the summer, before a full launch in the autumn.

Source: BBC

Microsoft CEO defends move beyond desktop

Chief Executive Steve Ballmer defended the software company’s expansion beyond its Windows and office software businesses, saying Web services and consumer devices are key to the company’s future.

Speaking on Thursday at an annual meeting with financial analysts, Ballmer acknowledged he had been “hammered” by investors who argued Microsoft should focus on its core desktop and server software business and forget businesses like digital music players and video games.

Source: Reuters

 

 

 

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