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Yozma Venture Capital is looking to sell their shares in Israel-based Conduit, a company who creates user engagement tools. Yozma could receive more than $200 million if they sold their shares, Globe reported yesterday.
The buyer is Silver Lake, a U.S. private equity firm, who is looking to pay between $200 and $250 million for the stake in Conduit. Globes describes the firm as a:
large foreign investment firm that has tens of billions of dollars in assets under management.
Yozma originally invested $1.5 million in the company back in 2006 for a 9-percent stake. If this deal continues, Yozma would see a very impressive 200-times its initial investment, or 20,000-percent. This is an insane deal for Yozma, and shows they invested their money very wisely.
What do Conduit offer? They offer three services, first, a community toolbar that boosts traffic and grows website communities, a mobile service that creates apps, and the Wibaya Bar, which promotes social engagement.
We've reported on the various Samsung vs. Apple lawsuits around the world, with a few successful wins for Samsung, and Apple not so happy with the outcomes. Today is a victorious day for Samsung, as a Duesseldorf court has just cleared the modified Samsung's Galaxy Tab 10.1N for sale in Germany.
Several rulings were against Samsung in a never-ending battle of patent suits, where Apple succeeded in blocking the original Galaxy Tab 10.1 in September, as well as the smaller 8.9-inch Galaxy Tab 8.9 in January. It was determined that they both "resembled the iPad too closely".
Samsung had prepared a tweaked version of its Galaxy Tab 10.1 dubbed Galaxy Tab 10.1N, which features a more pronounced metallic rim, relocated speakers, as well as some minor adjustments to change both the look, and feel of the device. Apple were unsurprisingly unsatisfied with the changes, and were quick to file additional injunctions to ban the updated Galaxy Tab 10.1N. Their demand? Rejected.
The world's largest BitTorrent site, The Pirate Bay, as reported previously, will stop linking to .torrent files shortly and replace them with magnet links. Magnet links have a pretty big advantage over .torrent files, where they're much more portable, and easier to copy. On top of this, a new torrent link on TPB lists all titles and magnet links, where the public can download a copy that would fit onto even the smallest USB flash drive, or if you're still rocking those floppies, a few of them, too.
TPB told TorrentFreak that one of the advantages to a "magnet site" is that it requires little bandwidth to host a proxy site. A proxy site is required as TPB is blocked in many countries, and is of course, going to increase. Think it can't happen? Well, Pirate Bay user "allisfine" was intrigued by this idea, and has decided to find out just how small a copy of TPB would be. He told TorrentFreak:
I did a complete snapshot of ALL the Pirate Bay torrents, in case somebody wants to close it or something similarly crazy.
NVIDIA and Rambus have been fighting it out for a while now, with four years of lawsuits and fighting, have resolved the matter privately. They've inked a new deal that is valid for the next five years, but other than that, no other details are provided.
The PR statement is vague, just pointing out that the two companies have settled, and that there's a five-year agreement now:
The agreement covers the use of Rambus patented innovations in a broad range of integrated circuit (IC) products offered by NVIDIA. In addition, the two companies have settled all outstanding claims, including resolution of past use of Rambus' patented innovations. The term of this agreement is five years; other details are confidential.
"This is an important license agreement as it settles our differences and allows us to move forward with NVIDIA, the leader in visual and parallel computing," said Harold Hughes, president and chief executive officer at Rambus. "Looking forward, we have the opportunity to focus on developing innovative solutions in concert with our licensees to help bring compelling, innovative products to market."
It's good to see the issues resolved, now they can get back to business.
Paradox CEO, Fred Wester, is a man of important words. He has revealed the amazing growth of his companies digital distribution revenue. In his own words, he has said:
My own experience of digital distribution is that we made 1.5 percent of our revenue from digital distribution in 2006, while the digital number in 2011 was over 95%.
Did you see that? From 1.5-percent of their revenue, to a whopping 95-percent, in just 5 short years. In these 5 years we've seen retailers go from selling tonnes of retail boxed games, to the App Store opening, the Android Market arriving and more. Steam is generating more and more income, and other digital distribution methods such as GOG, and Origin.
Motorola is currently fighting Microsoft in a German court over some patents, where the court is inclined to side with Motorola. This could see Microsoft pay Motorola royalties of 2.25-percent in sales of Windows 7, and Xbox 360, among other products. The news comes from Florian Mueller, an intellectual property analyst who tracks worldwide patent disputes in his Foss Patents blog.
Mueller is quoted:
A short summary of today's trial (technically four trials, but organized as one because of overlapping issues) is that the court is inclined to rule, with a decision scheduled for April 17, 2012, that Microsoft Windows 7, Internet Explorer 9, the Windows Media Player and the Xbox 360 infringe on those two patents.
The two patents in question relate to a video compression and decompression technology, covering methods for reducing the amount of bandwidth required for video that is streamed online. It is said that Microsoft violated the patents which are used in its technologies and software including Windows 7, Internet Explorer 9, Windows Media Player and the Xbox 360.
We all know AMD has and still is, going through some troubling times, but there is hopefully some light at the end of that bulldozed tunnel. The bad news continues today with the exit door opening for its chief sales officer, Emilio Ghilardi.
AMD announced the departure just after the close of trading on the New York Stock Exchange, where current CEO Rory Read will take over Ghilardi's sales responsibilities in the meantime, there is a search for a replacement. Ghilardi had worked for AMD since 2008, and started as senior vice president and general manager for Europe, Middle East and Africa. Just a year later he was promoted to chief sales officer.
It's not known what move is next for AMD, when they're set to adopt an "ambidextrous" strategy when it comes to using chips from other companies. The next few months should be some interesting times from the underdog, whether we see them move into areas where they aren't fighting the big bad, Intel. It could be a smart move, where you can't win, go into a market where you have more chance, and less competition. Sounds good to me.
Considering LimeWire has been dead for quite sometime now, after the RIAA settled with LimeWire last year to the sweet tune of $105 million, Twentieth Century Fox, Viacom, Disney, Paramount Pictures and Warner Bros. now want some of that tasty LimeWire blood.
First up, we need to consider, its not like LimeWire had $105 million in cash laying around, so these lawsuits are nothing but praise for the MPAA/RIAA to show off "we sued a company for pirating!" but what actually gets done about it? People are sued, but its like taking blood from a stone. The stone has no blood, LimeWire has no cash. Why sue?
The complaint, published by Courthouse News reads:
The illegality of LimeWire has been fully and finally adjudicated by the Court. In a related case, Arista Records LLC v. Lime Group LLC ...the court found defendants liable for engaging in and facilitating massive copyright infringement.
The complaint lists 53 infringed works including shows such as South Park and Family Guy, as well as movies such as Avatar, Shrek and Harry Potter.
Motorola have been stirring up some problems for Apple in Germany, where they won an injunction on iCloud and also enforced a previous ruling where it requires Apple to pull some iPhone mobiles from stores in Germany. The sales ban last just hours, after which Apple managed to win a suspension later in the day.
New details have emerged from the battle between Motorola and Apple, where they've said that Motorola Mobility's legal complaints against Apple, want 2.25-percent of Apple's sales of wireless devices in exchange for a patent license covering Motorola's intellectual property. If Motorola wins this, they could receive $2.1 billion in retroactive fees from iPhone revenues dating back to 2007, which amount to a slither under $93 billion. This is before factoring in 3G iPad sales.
Which patent do Motorola have a grip over Apple on? Its 3G/UMTS patent, has recently been declared essential in implementing open industry standards and because of that, Motorola must license it under FRAND (fair, reasonable and non-discriminatory) terms to any competitor that requires it.
Apple has denied the fee, and is now filing motions to obtain information from other handset vendors such as Nokia, HTC, LG, and Sony Ericsson to find out what sort of royalty fees they're paying to Motorola. If Apple proves that Motorola are abusing its FRAND patents, then it could throw Motorola into an anti-trust investigation with the European Commission.
BTJunkie was one of top five BitTorrent sites out there, and has after 7 years in operation, decided to voluntarily shut down. This closure is sure to be in relation from the growing pressure from authorities in the U.S. and around the world, with MegaUpload taking the first big blow, as well as The Pirate Bay.
BTJunkie wasn't attacked by the authorities, so this looks like a preemptive move to avoid future legal action, and/or arrests. BTJunkie had boasted 80 million users at one point, and in its farewell message, BTJunkie wrote:
This is the end of the line my friends. The decision does not come easy, but we've decided to voluntarily shut down. We've been fighting for years for your right to communicate, but it's time to move on. It's been an experience of a lifetime, we wish you all the best!