Recent Articles

AOL Sells Majority Stake in Patch to Hale Global
/ January 16, 2014 12:44 pm
AOL Sells Majority Stake in Patch to Hale Global

Following more than four years of unrealized expectations, AOL will sell a majority stake in hyperlocal news network Patch to turnaround specialist Hale Global. Financial terms of the deal, expected to close early in the first quarter, were not disclosed. Patch will become a new limited liability company, with AOL keeping a minority stake. The companies said they plan to re-launch Patch as "an efficient platform that allows citizens and businesses to create and share locally-themed news and content." Read More

Apple and China Mobile Preparing for iPhone Release in China
/ January 15, 2014 5:01 pm
Apple and China Mobile Preparing for iPhone Release in China

VentureBeat reports that iPhone manufacturer Foxconn has shipped over one million iPhones to China Mobile in preparation for Friday's China release. China Mobile is the biggest carrier in China as well as the world with over 760 million customers. Read More

ff Venture Capital Raises $52 Million Across Two Funds
/ January 15, 2014 4:53 pm
ff Venture Capital Raises $52 Million Across Two Funds

TechCrunch reports that ff Venture Capital has raised $52 million in its recent round of funding. Investors participating in the funding round were New York State’s Empire State Development, Goldman Sachs, the New Jersey Economic Development Authority, and few partners who had participated and supported the firm previously. ff Venture Capital aids companies to organize lightweight disorderly business models to become the low cost player in their particular market. Read More

Oyster Raises $14 Million to Bring Netflix Model to E-books
/ January 15, 2014 4:51 pm
Oyster Raises $14 Million to Bring Netflix Model to E-books

VentureBeat reports that Oyster has raised $14 million. The funding round was led by Highland Capital Partners with participation from Peter Thiel’s Founders Fund, an existing investor. The startup launched its platform and provides iPhone owners a chance to acquire more than 100,000 books for $10 every month. Read More

Revenue from Digital Gaming to Surpass $60 Billion by 2017
/ January 15, 2014 4:49 pm
Revenue from Digital Gaming to Surpass $60 Billion by 2017

GamesIndustryBiz reports that the mobile and online gaming industry is expected to surpass the milestone of $60 billion in revenue by 2017. The overall gaming industry is likely to push above $100 billion, with 60% coming from the mobile and online gaming. Much of the growth is expected to be driven from the Asian markets. Read More

Apple to Pay at Least $32.5 Million to Settle FTC Billing Complaint
/ January 15, 2014 11:52 am
Apple to Pay at Least $32.5 Million to Settle FTC Billing Complaint

Apple will pay at least $32.5 million to settle charges from the Federal Trade Commission (FTC) that it billed consumers millions of dollars for in-app purchases made by children without the consent of their parents. According to the complaint, Apple violated the FTC Act by failing to tell parents that by entering a password they were approving a single in-app purchase, as well as 15 minutes of additional unlimited purchases their children could make without further consent. Read More

2 comments
Discovery Names New President of International Business
/ January 15, 2014 11:45 am
Discovery Names New President of International Business

Discovery Communications, the Silver Spring-based media company behind cable networks such as the Discovery Channel, TLC and Animal Planet, on Wednesday named JB Perrette as the new president of Discovery Networks International, the company's fast-growing international business. He succeeds Mark Hollinger, who announced his resignation in September. Read More

Get Adobe Flash player