Daily Archives: April 3, 2009

Michael Arrington and his Techcrunch blog appear to be a few characters short of 140 with their report of rumours that Google is in late-stage talks to buy microblogging service Twitter.

A source close to Twitter told us today the “story is fiction”, there were no talks with Google on any possible acquisition. Read more

Valley VC firm August Capital must have understood Swoopo’s business model straightaway – it’s much like its own.

The online auction site encourages users to lay out small amounts of money hoping they will win various products at a fraction of what they are really worth. Read more

  • According to reports, IBM is set to acquire Sun Microsystems, a prominent rival in the server and software markets, for $7bn. The purchase is the largest in Big Blue’s history, and breaks a long dry spell in the M&A arena. The deal could also cement IBM’s hold on some core hardware and software technologies, bringing a sea change in the world of corporate and government datacentres.
  • Research in Motion reported better than expected fourth quarter earnings thanks to strong BlackBerry sales and a healthy jump in new subscribers, sending its share price soaring in late trading. RIM this week launched a BlackBerry application store to rival the popularity of Apple‘s App Store.

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You would have to be a gaming company and it would help if you were Chinese, if planning a successful IPO in these treacherous markets.

Changyou ticked both boxes and closed 25 per cent higher than its $16 placing on its Nasdaq debut on Thursday. It had already been priced at the top end of a $14 to $16 range, such was the demand. Read more