livingsocial

Tech news from around the web:

Steve Jobs’ biological sister Mona Simpson has shared the eulogy she delivered for her brother at his memorial service with the New York Times.

9to5 Mac reports that Apple has acquired C3 Technologies, a company that creates 3D maps of cities and geographic features. Read more >>

Tech news from around the web:

Apple is expected to hold its next big media event on Tuesday October 4, where it will unveil the next iPhone model, according to AllThingsDigital. Meanwhile, Mashable reports that a remark made by Apple board member and former US Vice-President Al Gore at the Discovery Invest Leadership Summit in South Africa – “Not to mention the new iPhones coming out next month. That was a plug.” – has sparked speculation of more than one iPhone5 model.

TechCrunch reports that a deleted tweet from Facebook creative director Ji Lee may point to a special feature in the social network’s long-anticipated music service. In a tweet that was deleted minutes after it was sent, Mr Lee wrote:

The “Listen with your friend” feature in ticker is blowing my mind. Listen to what your friends are listening. LIVE. 

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Tech news from around the web:

Groupon competitor LivingSocial is considering a $1bn initial public offering, according to PaidContent. The IPO could value the social shopping site, which expects to generate $1bn in revenue this year, at $10bn-$15bn.

Hewlett-Packard’s chief executive officer Leo Apotheker has said the computer manufacturer is in talks to license its WebOS mobile software, says Bloomberg.  WebOS would give hardware makers a choice beyond Google’s Android and Microsoft’s Windows software as they seek to challenge Apple’s hold over the smartphone and tablet markets. Read more >>

Tech news from around the web:

  • The US Federal Trade Commission is considering launching an antitrust investigation into Google’s dominance of the internet-search industry, Bloomberg reports. Before proceeding with any probe, the FTC would await a decision by the US Justice Department on whether it will challenge Google’s planned acquisition of travel search company ITA Software, Bloomberg adds.

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Tech news from around the web:

  • Google Music, a streaming service that will store user’s existing music library on Google’s servers, is nearly complete and being tested on internally, reports CNet. Greg Sandoval writes, “Negotiations with at least some of the top publishers and four largest record labels are ongoing, according to sources.”
  • Kodak is suing RIM and Apple over an image preview phone patent. Bloomberg reports that $1 billion dollars could be at stake.

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Tech news from around the web:

  • LivingSocial, the daily coupon website and rival to Groupon, is in talks with investors to raise around $500m to help fuel its expansion, The Wall Street Journal reports. The move comes just three months after it raised $175m from Amazon.com.

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Tech News from around the web:

  • The value of Facebook is the subject of two news items on the web today. The New York Post is reporting that representatives of a co-founder of the social network – which could be either Mark Zuckerberg, Chris Hughes, Dustin Moskovitz or Eduardo Saverin – have approached a Wall St dealmaker about selling up to 10m shares of common stock. Meanwhile, according to CNBC, Facebook is now worth $65bn after General Atlantic, an investment company, was named as a purchaser of one tenth of one percent of Facebook.

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From the FT:

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David Gelles

In Silicon Valley, success breeds imitation. Witness the glut of doomed e-commerce sites during the Dot Com bubble or, more recently, the plethora of mafia-themed social games on Facebook.

The latest hot trend is group buying. By offering daily deals for restaurants and local businesses, a handful of companies have become profitable middlemen between deal-hungry consumers and businesses looking for new patrons.

Groupon has the early lead, with operations in 80 markets and $135m in fresh funding. It also has plenty of clones — from LivingSocial Deals to Woot to BuyWithMe. Now add another one to the list — Zagat. Read more >>

David Gelles

It was only in March that LivingSocial, the number two group buying site, took $25m in Series B funding. That, apparently, only tided the fast-growing company over for six weeks. Today the company is back with another $14m in funding, largely from the same investors.

That may seem like a lot of cash to take on in a few short months, and it is. But it pales in comparison to the $135m that Groupon, the leader of the pack, took from Digital Sky Technologies and friends a few weeks ago. Read more >>