- Facebook accepted a $200m investment from Digital Sky Technologies, a private Russian internet investment group, valuing the fast-growing social network’s preferred stock at $10bn. The unlikely union gives Facebook an additional cash cushion, but the $10bn valuation is a come down. Just a year and a half ago, Microsoft invested $240m on similar terms, but valued Facebook’s preferred stock at $15bn.
- Psystar, the Florida company that was making unauthorised clones of Apple computers, filed for Chapter 11 bankruptcy protection. The move puts at least a temporary end to Apple’s lawsuit against the company, and could indicate that Psystar’s backers have pulled out, anticipating a victory by Apple in court.
- Video game developer Take-Two reported better-than-expected quarterly earnings, but cut its forecast for the year. The maker of the Grand Theft Auto franchise said it lost $10.1m this quarter, compared with a $98.2m profit in the same period a year ago.
- Accenture will move its place of incorporation from Bermuda to Ireland in an apparent effort to avoid the expected changes in how the US government taxes multinational corporations. The technology outsourcing firm has offices in 52 countries.
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