At this week’s WWDC event, Apple lived up to its own hype, releasing a slew of announcements and product updates that are sure to shape the very future of tech itself. The…
Pearson Acquires Certiport for $140M for Global IT Testing
Pearson, the educational publisher, recently announced plans to acquire Certiport, a maker and distributor of certification and practice tests for IT skills, for $140 million in cash from Spire Capital Partners, the…
Mary Meeker: Mobile Web Exploding, but Ad Revenue Dampened
by Matt Gallagher, Red Herring Kleiner Perkins Caufield Byers VC Mary Meeker dropped a bombshell in her annual Internet Trends report at the All Things D conference Wednesday. While mobile traffic is…
Facebook Stock Continues to Slip; Investors Sue
By Matt Gallagher, Red Herring Following Facebook’s IPO on May 18, the largest tech IPO in history, the company’s stock price had slipped almost 25 percent from its initial offering of $38.…
Apple, China Mobile Discussing iPhone, but Don’t Hold Your Breath
Apple, China Mobile Discussing iPhone, but Don’t Hold Your Breath China Mobile may get the iPhone, but probably not anytime soon. Apple and the world’s largest mobile carrier are in discussions to…
Facebook Delays Instagram Deal, Ups IPO Price
Facebook has delayed the expected closing date for its $1 billion plus acquisition of Instagram, and increased the price range of its IPO. Last month, Facebook announced plans to acquire Instagram for…
Japanese Mobile Player NTT Docomo to Pay up to $300M for Italy’s Buongiorno
NTT Docomo, the Japanese mobile carrier, has issued a tender off to buy Buongiorno, an Italian mobile content company, for up to ¥24 billion ($300 million), in an effort to further expand…
Evernote Launches Separate Chinese Service to Improve Connectivity
Evernote, the company that helps you remember everything through personal notes and an archive of information, launched a separate service in China uniquely for the Chinese market under the name Yinxiang Biji.…
Facebook Faces FTC Probe Days Ahead of IPO
Facebook’s billion dollar buying spree of the photo app Instagram faces an investigation by the FTC over potential antitrust issues, the Financial Times reported. The trade commission has already begun questioning Facebook…
PayPal, Softbank Team Up to Launch PayPal Japan
PayPal has teamed up with Softbank to launch a joint effort in Japan and extend’s PayPal’s mobile payments service into Asia, Bloomberg reported. Each company is putting in a 50/50 share with…