- The Department of Justice has started an informal review of the exclusive arrangements that limit handsets such as Apple ’s iPhone to particular wireless communications companies, according to people familiar with the matter.
- EMC upped the ante in the battle for Data Domain, offering $2.4bn, or $33.50 a share, for the innovative data storage company that had agreed to be purchased by NetApp. The bidding war, rare for the technology industry, reflects the perception that Data Domain’s technology will be especially important as the storage industry evolves.
- Marc Andreessen, co-founder of browser company Netscape, has raised $300m for a new venture capital fund , called Andreessen Horowitz, in the midst of one of the leanest periods ever for the start-up financing business. The strong backing for one of Silicon Valley’s best-known serial entrepreneurs and private “angel” investors reflects the intense competition among big investment institutions for a chance to get into some of the hottest internet and computing deals.
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