Expect Labs, the San Francisco-based developer of an intelligent assistant platform designed to understand conversations and anticipate information a user needs, said on Monday it has raised an unspecified amount in a new round of funding. Liberty Global Ventures and IDG Ventures joined previous backers Google, Intel, Samsung and Telefónica in the round, which the company will use to extend its platform across multiple industry verticals and geographic markets. . Read More 3 comments
Mozilla has announced that the regional launches of Firefox OS smartphones will start shortly. Deutsche Telekom and Telefonica will launch the first Firefox OS devices, the Alcatel One Touch Fire and the ZTE Open soon. Individual partners will announce details regarding the launches in each market. Firefox OS smartphones are the first devices driven totally by Web technologies and offer everything you expect from a smartphone - calls, messaging, email, camera and so on, as well as providing new features to offer a personal experience. . Read More
Bloomberg reports that Telefonica took advantage of an 18 percent increase in its shares in the past month, to raise almost 975 million Euros ($1.3 billion) after selling treasury stock to lower the Spanish carrier’s debt. Read More
Bango, the mobile web payment and analytics company, announced it has secured a £6.5 million investment round (approximately US$10.2 million) to be used to finance further development of its business. Bango is a provider of carrier billing services to Facebook, Telefonica, Amazon, Google, Blackberry, Opera and others. Read More
With filmmaker J.J. Abrams as his principle investor, former WME board member John Fogelman formally launched FactoryMade Ventures, a hybrid entertainment, media business development and consulting firm. The company already has alliances with Telefonica, Hasbro, RTL Group and Intel. Read More
Haarlem, The Netherlands – The shareholders of Lycos Europe,
the portal and Web hosting service, voted this week to liquidate the company
and return $66.7 million in proceeds from asset sales to shareholders,
PaidContent UK reports.
The joint venture between Telefonica’s Terra, Bertelsmann
and Lycos Europe CEO Christoph Monn will sell off its domain name registrar, e-commerce
portal and Danish website.
As a result of the liquidation, about 500 of 700
staff are being laid off.
(DMW previous coverage)
Haarlem, The Netherlands – Lycos Europe, the portal and Web hosting service, said on Wednesday that it has concluded a strategic review process and will shut down operations and seek a sale of remaining assets. The company is separate from Lycos in the U.S., and was launched as a joint venture between Telefonica’s Terra and Bertelsmann.
"As a result of this strategic review process the Management Board and the Supervisory Board of Lycos came to the conclusion that the best available [...].