Thousands of IT start-ups dream of that golden phone call from an industry giant offering to buy out the business– a vision that until now has been a bit of a hallucination for Polish entrepreneurs.
That changed this week with Amazon’s purchase of Ivona Software, a Polish maker of text-to-speech software, already used in the retailer’s Kindle Fire tablets.
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It’s not every day that a bookshop is one of the biggest gainers on Brazil’s stock market. But late on Wednesday Saraiva’s shares were up over 7 per cent in late trading after rumours resurfaced about a possible acquisition by Amazon.
Despite naming itself almost 20 years ago after the vast river that runs through Brazil, Amazon is still struggling to establish itself in the Latin American country. Continue reading »
Amazon this week launched a Kindle store in India to woo the country’s huge – and increasingly literate – population away from print and into the world of the e-reader.
The company said in a press release that it will sell the Kindle for Rs6,999 ($127) at the Tata Group’s Chroma electronics stores. The company said its store would be the largest e-book store in the country, with titles from best-selling Indian authors like Chetan Bhagat, Ashwin Sanghi, Ravinder Singh and Amish Tripathi. Continue reading »
It couldn’t have been a bigger anticlimax. Brazil’s President Dilma Rousseff had until today to announce whether she would veto a controversial new forestry bill that will help decide the fate of the Amazon rainforest.
Would Dilma give in to the powerful agricultural lobby that has pushed the bill, watering it down as it progressed through the legislative process?
Or, faced with the potentially embarrassing prospect of hosting the Rio+20 UN conference on sustainable development next month, would she throw out the whole text in disgust? Continue reading »