TweakTown
Tech content trusted by users in North America and around the world
6,095 Reviews & Articles | 39,128 News Posts

TweakTown News

Refine News by Category:

Business, Financial & Legal Posts - Page 74

Amazon's Jeff Bezos is now the official owner of The Washington Post

While I first broke the news that Amazon CEO, Jeff Bezos, had purchased The Washington Post, the sale was not finalized until this week. Yesterday the announcement came that the $250 million acquisition had been finalized, and that Bezos was now the sole owner of the near 80-year old company.

 

TweakTown image news/3/3/33242_1_amazon_s_jeff_bezos_is_now_the_official_owner_of_the_washington_post.jpg

 

While $250 million sounds like a lot of money to spend on a business which many consider a dying medium, Bezos has plenty of cash to spare. He founded Amazon.com back in 1994 and has since became one of the wealthiest men in the world. Bezos says that he plans to turn the post around and once again lead it to profit. Bezos commented that he will remain at the helm of Amazon, and that he will visit the Post from time to time, but will remain devoted to Amazon for the foreseeable future.

Tom Clancy has passed away at 66 years old

You've probably heard of Tom Clancy, as he's a best-selling author, but most gamers would know him thanks to his work on game franchises like Ghost Recon and Splinter Cell. Clancy died last night in hospital.

 

TweakTown image news/3/3/33239_01_tom_clancy_has_passed_away_at_66_years_old.jpg

 

The New York Times has confirmed the news unfortunately, directly from Clancy's publisher. Clancy back in 1996 helped create a game development studio called Red Storm Entertainment, where a bunch of games were made. The developer was scooped up by Ubisoft, who took the best franchises and continued making them under Clancy's name, such as Splinter Cell.

Some Microsoft shareholders think that Bill Gates needs to step down

A new report from Reuters says that three of Microsoft's biggest shareholders think that the company's founder, Bill Gates, should step down from his seat on the board. The shareholders suggest that Gates may prevent current CEO, Steve Ballmer's, replacement from bringing forth new innovation to the company.

 

TweakTown image news/3/3/33235_1_some_microsoft_shareholders_think_that_bill_gates_needs_to_step_down.jpg

 

The report from Reuters reads:

 

The three investors are concerned that Gates' presence on the board effectively blocks the adoption of new strategies and would limit the power of a new chief executive to make substantial changes. In particular, they point to Gates' role on the special committee searching for Ballmer's successor.

 

They are also worried that Gates - who spends most of his time on his philanthropic foundation - wields power out of proportion to his declining shareholding.

 

While it is a bit of a stretch, many think that Ballmer was chosen as CEO because he was good friends with Gates, and that Gates could keep control of the company through Ballmer. Personally, I think that Gates has a right to sit on the board, and it is his duty to continue to advise the direction of the company he founded so many years ago.

Continue reading 'Some Microsoft shareholders think that Bill Gates needs to step down' (full post)

Samsung has sold over 40 million units in its Galaxy Note lineup

The Galaxy Note range of phablets from Samsung has been uber successful, after most in the industry didn't think a smartphone that big could really make it. Samsung broke tradition, and it worked, handsomely for them.

 

TweakTown image news/3/3/33207_04_samsung_has_sold_over_40_million_units_in_its_galaxy_note_lineup.jpg

 

It looks like Samsung is seeing great success from the Galaxy Note range of smartphones, with the South Korean giant confirming it has sold over 40 million Galaxy Note handsets across the world. This includes over 10 million Galaxy Note units, and over 30 million Note II devices. This doesn't include the Galaxy Note-branded tablets, and is exclusive to the Galaxy Note smartphones.

Toshiba's TV division in trouble: 50% reduction in staff soon

It looks like another Japanese giant is experiencing trouble, with Toshiba looking to reduce its TV staff by up to 50%. The company will also stop production at two of its three overseas factories before the end of this fiscal year.

 

TweakTown image news/3/3/33205_01_toshiba_s_tv_division_in_trouble_50_reduction_in_staff_soon.jpg

 

Toshiba has said it will also increase outsourced production to 70%, up from 40%, and reduce the amount of its global staff in the TV division by 3,000 with two-thirds of these positions held overseas. Toshiba hasn't penciled in which two factories would be closed, but we should find that out soon enough.

 

Toshiba has been experiencing losses in its TV division for over two years now, which is blamed on a slowdown in Europe and a drop in domestic demand for its TVs. I'm sure the huge competition from Samsung doesn't help, either.

Twitch lands $20 million in series C funding thanks to Thrive Capital

Twitch.tv, everyone's favorite social video game footage sharing site, has just announced that its series C round of funding has been a massive success. The company managed to raise $20 million thanks to efforts led by Thrive Capital, Take-Two Interactive, and WestSummit Capital.

 

TweakTown image news/3/3/33201_1_twitch_lands_20_million_in_series_c_funding_thanks_to_thrive_capital.jpg

 

At the moment, Twitch sees more than 45 million monthly visitors, and with the upcoming release of next-gen consoles, we expect to see that number rise significantly. While no mention has been made with how the company will use the funds, we would imagine that some of it will go towards beefing up its servers, as well as improving on its services offered to gamers who live stream their gameplay to the site.

Google to acquire a bunch of ex-BlackBerry engineers

BlackBerry is quite quickly circling the sink, ready to be sucked into it, but before then it looks like Google is acquiring a bunch of ex-BlackBerry engineers.

 

TweakTown image news/3/3/33195_06_google_to_acquire_a_bunch_of_ex_blackberry_engineers.jpg

 

Reuters reports that Google's Motorola Mobility division is setting up a new hub in Waterloo, Ontario - BlackBerry's hometown. The company is looking to take in people who have backgrounds in engineering and computer science. Even with BlackBerry starting to fade, Waterloo is a massive hub of talent thanks to the University of Waterloo's top-notch computer science program.

 

The Engineering Director at Motorola Canada, Derek Phillips, has told Reuters that Motorola is looking to "get just as many people who are interested to come out and hire as many people as we can."

China finally lifting ban on game consoles, just in time for next-gen

After a massive 13-year ban on gaming consoles, it looks like China is about to open the flood gates to all consoles. Rewinding the clock back to 2000, we saw the country put a ban on gaming consoles because of the influence violent and mature games could have on the youth of China.

 

TweakTown image news/3/3/33180_04_china_finally_lifting_ban_on_game_consoles_just_in_time_for_next_gen.jpg

 

We heard about the Shanghai free-trade zone, which the console ban being lifted is all a part of. In order for gaming consoles to be sold in China, game developers and console retailers will need to set up shop in the free-trade zone in Shanghai, pending official approval they can sell their products to the mainland market.

 

Microsoft has already sprinted to the market, striking a deal with Chinese company BesTV in order to develop games in the free-trade zone. The free-trade zone is opening up in Shanghai on September 29, which should see billions upon billions of dollars being pumped into the industry.

Beats buys back final half of HTC partnership, cost $265 million

The partnership between headphone manufacturer Beats and handset giant HTC has finally came to an end. This morning, Beats announced that it has bought back the remaining stake held by HTC for $265 million. The two companies partnered up back in 2011, when HTC picked up a 50.1 percent controlling interest for $300 million.

 

TweakTown image news/3/3/33173_1_beats_buys_back_final_half_of_htc_partnership_cost_265_million.jpg

 

Just a year later, Beats bought back half of that stake for $150 million. With today's buyback, HTC has profited over $115 million from the deal, not including any royalties and unseen payments that have taken place. No reason was given for the split, but with HTC in financial trouble, we are sure that the sudden influx of cash is a welcomed one.

Evernote and 3M are pushing note-taking to a new level

It looks like 3M, the company behind the Post-It note (you know, the one from Romy & Michele's High School Reunion) has been working with Evernote, the note-taking provider, to make sure that sticky notes continue to be used in this digital age we live in.

 

TweakTown image news/3/3/33168_02_evernote_and_3m_are_pushing_note_taking_to_a_new_level.jpg

 

As of today, any photo taken with the new Post-it Note camera feature in Evernote for iOS 7 will digitize any Post-It Note in real life, and create a file that can be shared with anyone, anywhere. Captured Post-Its can also be categorized by color. So, for example, a green Post-It Note could be used as a homework reminder, while a yellow note could be a shopping list.

 

Captured notes are searched through the cloud-based platform, making it easier to keep track of your various notes.

Latest Tech News Posts

View More News Posts

Forum Activity

View More Forum Posts

Press Releases

View More Press Releases