TweakTown
Tech content trusted by users in North America and around the world
5,676 Reviews & Articles | 36,072 News Posts
Weekly Giveaway: Fractal Design Arc Cases Contest (Global Entry!)

TweakTown News

Refine News by Category:

Business, Financial & Legal Posts - Page 79

Hulu sale talk persists, they receive $500 million bid from former News Corp president

Reuters is jumping out of the gate, with fresh news that former News Corp president, Peter Chernin, who now runs The Chernin Group, has made a $500 million bid to buy Hulu. We heard that Hulu jammed a 'For Sale' sign into their front garden a few weeks ago, but this news is now much more official.

 

TweakTown image news/2/9/29578_08_hulu_sale_talk_persists_they_receive_500_million_bid_from_former_news_corp_president.jpg

 

The Chernin Group owns stakes in Pandora Media Inc and the related production company Chernin Entertainment, who has produced films and TV shows such as New Girl, Terra Nova and Rise of the Planet of the Apes. Hulu is currently jointly owned by News Corp and Walt Disney Co. Peter Chernin actually had some word in building Hulu back in 2007 when he sat on the website's board.

 

Reuters has reported that the owners of Hulu "reached out to potential buyers in March [of 2013] after initially contemplating a deal in which one [News Corp. or Disney] would buy out the other. It is not clear whether that transaction is still being contemplated."

Continue reading 'Hulu sale talk persists, they receive $500 million bid from former News Corp president' (full post)

Samsung could see some Galaxy-branded products slapped with US sales ban

The on-going war between Samsung and Apple has hit an interesting point, with Apple looking to jump out in the lead once again. Judge Thomas Pender from the United States International Trade Commission (ITC) has ruled that Samsung devices infringe on a text selection patent owned by Apple.

 

TweakTown image news/2/9/29575_05_samsung_could_see_some_galaxy_branded_products_slapped_with_us_sales_ban.jpg

 

This is a feature that is available on the iPhone and iPad, with another claim from Apple that is seeking an injunction against Samsung's use of a patented technology for detecting microphones when they are inserted into the headphone jack, which has been rejected. The first claim, of which can be appealed, could see Samsung slapped with a sales ban in the US for most of their smartphones and tablets.

 

The final decision should arrive in August, but we don't know if Samsung could avoid the import ban through a software update - something that could easily be done between now and then.


RumorTT: Google could acquire WhatsApp for $1 billion

If the latest rumors are correct, Google is looking at acquiring WhatsApp in a deal that could be worth around $1 billion. The deal reportedly started out four or five weeks ago, where Digital Trends' source said that WhatsApp is "playing hardball" and are pushing for a higher acquisition price. This price is being pushed "close to" $1 billion right now.

 

TweakTown image news/2/9/29567_01_rumortt_google_could_acquire_whatsapp_for_1_billion.jpg

 

With WhatsApp's immense popularity, and Google's soon big push into a possible unified messaging system - acquiring WhatsApp might be yet another smart billion-dollar acquisition by Google. We should hear more about this in the coming weeks.

Could Austin, TX be getting Google Fiber? We'll find out April 9

It looks as though the Austin, Texas could be getting Google Fiber. Google and the City of Austin have an announcement planned for this Tuesday, April 9. Sources in the city seem to think that the announcement relates to broadband, most likely meaning Austin will be getting Google Fiber.

 

TweakTown image news/2/9/29565_1_could_austin_tx_be_getting_google_fiber_we_ll_find_out_april_9.jpg

 

You are a leader here in Austin. Every day, your work and contributions help make our community better and stronger. That's why we want you to be one of the first to hear about something new coming to Austin. Please join Google and the City of Austin for an announcement on Tuesday.

 

There are definitely other explanations than Google Fiber. Google could be planning to test out same-day delivery, open a new office, or any number of things. But Google Fiber is somewhat likely. Austin did fairly well in the original contest for Google Fiber and Google has contemplated expanding outside of Kansas City.

 

We'll know more April 9 and will let you know the full details.

LOLTT: Copyright holders asking Google to take down their takedown notices

Every now and then a story comes along that makes you laugh out loud. For me, this is certainly one of those stories. Google has started receiving takedown requests of pages that contain a copyright holder's original takedown request. These robotically-generated requests are submitted because the original takedown request features the URL that was originally taken down.

 

TweakTown image news/2/9/29564_1_loltt_copyright_holders_asking_google_to_take_down_their_takedown_notices.png

 

It's rather hilarious and also ironic. In the picture above, you can see one of the takedown requests submitted by Fox asking for a ChillingEffects.org link to be removed. That link points to a previous Fox takedown request.

 

The system is clearly broken. Google is now handling over 20 million takedown requests per month and it shows no sign of slowing down. But just how we fix the DMCA isn't clear. Both Google and the movie studios have their own ideas and they are, of course, mostly contrary to each other.

ITC judge issues ruling that Samsung infringes upon key part of Apple patent

An International Trade Commission judge has ruled that Samsung infringes upon a key part of an Apple patent that deals with text-selection on smartphones and tablets. The ITC judge also ruled that Samsung did not infringe upon parts of a second patent owned by Apple dealing with detecting if a microphone is plugged into the microphone jack.

 

TweakTown image news/2/9/29559_1_itc_judge_issues_ruling_that_samsung_infringes_upon_key_part_of_apple_patent.jpg

 

Now that a ruling has been issued, the full ITC commission will convene and decide whether or not to uphold the judge's ruling. We are told to expect the final decision sometime in August. If the decision is upheld, it will not work out well for Samsung. The ITC can decide to bar importation of any device found to be infringing on the patent.

Tech giants descend on Washington to talk patent trolls with the FTC and DoJ

Four of the tech industries largest companies are in Washington today to appeal to the Federal Trade Commission and the Department of Justice in an effort to put a stop to patent trolling from firms like Lodsys and Intellectual Ventures.

 

TweakTown image news/2/9/29556_1_tech_giants_descend_on_washington_to_talk_patent_trolls_with_the_ftc_and_doj.jpg

 

Patent trolling has become a sort of industry all of its own in the last few years with firms headed up by lawyers buying up tech patents from failing companies or sell-offs. These firms have no original IP of their own and only exist to extort exorbitant licensing fees and lawsuit wins over everything from individual app developers to giants, such as Google.

 

The "patent assertion industry" has gotten so big that in 2012 it ate up roughly $30 billion in funds from large tech companies. Google has teamed up with BlackBerry, EarthLink and Red Hat and compiled a 22-page report explaining how Patent Assertion Entities have slowed innovation, decreased jobs, and overall hurt the US economy in the last decade.

 

The report noted that since 2007, these so called PAE lawsuits have made up over 65-percent of all patent lawsuits in the country.

Samsung expecting $7.7B in profits for Q1, up 53%

Samsung has announced an expected first-quarter profit of $7.7 billion, an impressive feat to say the least. While this estimate is higher than analyst predictions, it breaks Samsung's string of five quarters of record profits. This projection is down slightly from Q4 of 2012 when Samsung posted $8.3 billion in profit.

 

TweakTown image news/2/9/29547_1_samsung_expecting_7_7b_in_profits_for_q1_up_53.jpg

 

Part of the explanation of lower profits comes from the fact Samsung is on the cusp of releasing the next Galaxy device. Similar to how Apple always suffers the quarter before a new iPhone, Samsung has customers who are likely waiting for the latest and greatest to come out.

 

We'll know the actual numbers for the first quarter on April 26. That happens to be three days before Apple reports its earnings.

Nokia closes flagship store in Shanghai

Nokia has announced that it will be closing its flagship store in Shanghai, China. Nokia is working on saving money and shutting down its failing retail stores should be a good way for the company to conserve its limited cash.

 

TweakTown image news/2/9/29540_1_nokia_closes_flagship_store_in_shanghai.jpg

 

Nokia posted the closure announcement on Sina Weibo and only garnered 938 reposts in three days. The store originally opened in 2007 and outlived Nokia's London store, which closed in 2009. On the other hand, Apple continues to open Apple Stores across China, with three in Shanghai alone.

Apple's 'Spaceship' campus over budget by 66%, price tag now sits at $5B

Apple's new Campus 2, also known as the "Spaceship" campus, is an expensive and complex undertaking. When the project was first announced, Apple budgeted around $3 billion. On a project of this magnitude, cost overruns are to be expected, but maybe not as large as Apple's.

 

TweakTown image news/2/9/29539_1_apple_s_spaceship_campus_over_budget_by_66_price_tag_now_sits_at_5b.png

 

New estimates put the cost of the new Spaceship campus at around $5 billion. That's around 66 percent more than what was originally budgeted. Adding insult to injury, the projected move-in date has been pushed back from 2015 to 2016. But Apple can't cancel the project as it is a monument to the late Steve Jobs.

 

However, Apple is looking to save some cash. They want to reduce the cost by around $1 billion by reducing the fit and finish of the building. This means being less detail oriented and not building it to the same iPhone-level quality standards.

 

The question is should Apple be focusing its energy on building new products rather than a new campus? After all, stock price has suffered in the past year.

Latest Tech News Posts

View More News Posts

Latest Downloads

View More Latest Downloads

TweakTown Web Poll

Question: Did EA kill the Battlefield franchise with the terrible BF4 issues?

Yes, Battlefield is doomed

No, Battlefield will live on strong

I'm not sure, but I know EA needs to improve its game

or View the Results

View More Polls

Forum Activity

View More Forum Posts

Press Releases

View More Press Releases
Get TweakTown updates via Facebook!
Just click the "Like" button below