Netflix adopted a new “stockholder rights plan,” that protects the company’s board from outside investors buying out enough shares to overpower the board and run the company outside of its “best interests.”…
Skyfire Nabs $10M to Ease Video Bandwidth on Global Scale
Known for being the first company to bring Flash video to iOS, Skyfire has raised $10 million in Series D funding to take its video data compression technology to a global scale.…
Apple’s iPad Mini: Small Screen, Big Bucks
Amazon and Google can breathe a sigh of relief. Apple unveiled its iPad Mini, a 7.9 miniature version of the iPad, for $329, a bit more expensive than the $250 analysts had…
Skype Crests 280 Million Users
Microsoft is seeing its Skype acquisition pay off in terms of usage increase, though it remains to be seen if that actually adds up to bona fide revenue. In its quarterly earnings…
Facebook Proposes $20M Settlement for Sponsored Stories Suit
Facebook is proposing to settle a class action lawsuit related to its “Sponsored Stories” lawsuit for $20 million, offering up to $10 each for any of the 125 million affected users that…
Softbank to Pay $20B for 70% of Sprint
by Anam Alpenia, Red Herring Japan’s Softbank is purchasing 70 percent of Sprint for $20.1 billion to become the third largest company in the world in terms of revenues. Both companies agreed…
House Intelligence Panel Warns of Chinese Company Spies
A House Intelligence Committee report warns US firms against doing business with Huawei and ZTE, two prominent Chinese tech companies, because of the risk of espionage. The report recommends barring the two…
Microsoft Faces $7.4B Euro Fine for “Error” of Missing Browser Ballots
by Anam Alpenia, Red Herring The EU Competition Commission has ruled that Microsoft failed to comply with a 2009 ruling mandating it to offer a choice of web browsers, which could mean…
SimpliVity Scores $25M to Ramp “Data Center in a Box
by Matt Gallagher, Red Herring Barely a month after its launch, SimpliVity has raised a $25 million investment led by Kleiner Perkins Caufield & Byers to help propel its “data center in…
Apple Demands $700M More from Samsung, Plus Total US Ban
Apple’s not content with the $1 billion fine a US District Court slapped on its competitor Samsung after a judge ruled the company had “willfully violated” 6 out of 7 of its…