Facebook will pay $1 billion in cash and stock for Instagram, a 2-year-old photo-sharing application developer

   

     

       

         


         


       



       

   


   

   

     

       
         
       
       

         
Reuters: Technology News

         
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Facebook to buy Instagram for $1 billion

SAN FRANCISCO (Reuters) - Facebook will pay $1 billion in cash and stock for Instagram, a 2-year-old photo-sharing application developer, in its largest-ever acquisition just months before the No. 1 social media website is expected to go public.

 
Android beats Apple in China mobile platform race: report
Tuesday, April 10, 2012 2:26 PM
SHANGHAI (Reuters) - Google Inc's Android mobile operating system (OS) was the top smartphone platform in China last year, growing its market share by about 35 percent in the world's largest market for mobile phones, a Chinese technology research firm said.

 
Wireless carriers to create database to fight phone theft
Tuesday, April 10, 2012 10:25 AM
WASHINGTON (Reuters) - Wireless carriers representing 90 percent of subscribers will on Tuesday announce the creation of a database of unique cell phone IDs to help prevent theft and reactivation of stolen or lost devices, which often contain sensitive personal data.

 
Sony sees record $6.4 billion net loss, to take tax hit
Tuesday, April 10, 2012 2:21 PM
TOKYO (Reuters) - Sony Corp forecast a record $6.4 billion net loss for the business year just ended, double earlier forecasts and a fourth straight year of losses, inflated by writing off deferred tax assets in the United States.

 
Microsoft trumps Amazon, others for AOL patents
Tuesday, April 10, 2012 2:13 AM
(Reuters) - Microsoft trumped Amazon, eBay and other tech giants with its more than $1 billion purchase of the majority of AOL Inc's patent trove.

 
Court revives Rosetta Stone suit vs Google
Tuesday, April 10, 2012 1:29 AM
(Reuters) - A federal appeals court on Monday revived the bulk of language-software maker Rosetta Stone Inc's trademark infringement lawsuit against Google Inc.

 
Sharp seeks more partners for struggling LCD plant: source
Tuesday, April 10, 2012 8:25 AM
TOKYO (Reuters) - Sharp Corp, Japan's last major fabricator of liquid crystal displays for televisions, is seeking more partners to buy stakes in its main Sakai plant in a bid to spin off the LCD production subsidiary, a source familiar with the matter said.

 
Global business groups press India on technology plan
Tuesday, April 10, 2012 1:04 AM
WASHINGTON (Reuters) - Global business groups urged Indian Prime Minister Manmohan Singh on Monday to rescind new government rules for technology purchases that they said unfairly discriminate against foreign firms and potentially violate World Trade Organization rules.

 
Splunk sees IPO priced at $8-$10 per share
Monday, April 09, 2012 6:41 PM
(Reuters) - Splunk Inc, which makes software that collects and indexes data, said it expects its initial public offering of 13.5 million shares to be priced between $8 and $10 apiece.

 
Sony to ax 10,000 jobs in turnaround bid: Nikkei
Monday, April 09, 2012 9:55 PM
TOKYO (Reuters) - Japan's Sony Corp  is cutting 10,000 jobs, about 6 percent of its global workforce, the Nikkei newspaper reported on Monday, as new CEO Kazuo Hirai looks to steer the electronics and entertainment giant back to profit after four years in the red.