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Technology News  

Yahoo takes big leap with $1.1B deal for Tumblr
(AP Photo - Paul Sakuma)
By MICHAEL LIEDTKE
From Associated Press
May 20, 2013 1:57 PM EDT

SAN FRANCISCO (AP) — Yahoo is buying online blogging forum Tumblr for $1.1 billion as CEO Marissa Mayer tries to rejuvenate an Internet pioneer that had fallen behind the times.

Private equity firm Blackstone Group LP, along with Pactera's CEO and other managers, have offered to take Pactera private in a deal that values the Chinese technology consulting and outsourcing firm at $680.4 million.

NEW YORK (AP) — Rival online takeout services Seamless North America and GrubHub on Monday announced plans to combine and create a new company covering more than 20,000 restaurants in 500 cities across the U.S.

WASHINGTON (AP) — The Supreme Court has affirmed the authority of federal regulators to try to speed local government decisions on proposals to build or expand cell phone towers.

Facebook made its debut on the stock market a year ago on May 18 in one of the largest IPOs in history and the biggest for any Internet company.

NEW YORK (AP) — It was supposed to be our IPO, the people's public offering. Facebook, the brainchild of a young CEO who sauntered into Wall Street meetings in a hoodie, was going to be bigger than Amazon, bigger than McDonald's, bigger than Coca-Cola.

FREMONT, Calif. (AP) — In a busy factory, machinists move sheets of aluminum roll in the back door to be molded, stamped, twisted and notched into high-tech electric cars that sell for more than $60,000 each.

NEW YORK (AP) — Yahoo may be on the verge of closing its biggest acquisition during the 10-month reign of CEO Marissa Mayer as she tries to attract more traffic and advertisers to the Internet company's website and mobile applications.

LOS ANGELES (AP) — Sonic the Hedgehog is rolling with Nintendo. Sega says it will exclusively release the next three games starring the popular blue critter on Nintendo platforms.

NEW YORK (AP) — Former Groupon CEO Andrew Mason is diving into several new ventures, including indulging his inner rock star with an album of "motivational business music."

NEW YORK (AP) — Last year, Apple added a visually stunning option to its MacBooks: screens with ultra-high resolution. These "Retina" displays reveal four times as much detail as any Windows laptop screen ...

NEW YORK (AP) — It was supposed to be our IPO, the people's public offering. Facebook, the brainchild of a young CEO who sauntered into Wall Street meetings in a hoodie, was going to be bigger than Amazon, bigger than McDonald's, bigger than Coca-Cola.

Facebook made its debut on the stock market a year ago on May 18 in one of the largest IPOs in history and the biggest for any Internet company.

LONDON (AP) — A clutch of Twitter accounts and a blog maintained by the Financial Times were hacked Friday, the latest in a series of cyberattacks claimed by the Syrian Electronic Army, a pro-government group which has regularly targeted media organizations it sees as sympathetic to the country's rebels.

SAN JOSE, Calif. (AP) — The Canadian government has launched an aggressive campaign to lure Silicon Valley tech workers frustrated by U.S.

HANOI, Vietnam (AP) — A Russian-financed search engine seeking to challenge Google's dominance in Vietnam is redirecting queries for some politically sensitive terms to the American company's search engine, apparently as a way of avoiding government anger or legal liability for sending surfers to sites containing criticism of the ruling party.

ELIZABETH, N.J. (AP) — A homeless, hatchet-wielding hitchhiker who became an Internet hero earlier this year was arrested Thursday for allegedly beating a New Jersey lawyer to death inside his home.

SAN FRANCISCO (AP) — Dell's financial decay worsened during its latest quarter as the company slashed its personal computer prices in response to the growing popularity of smartphones and tablets.

SAN FRANCISCO (AP) — Investors snapped up the stocks of companies that make computer networking gear Thursday after industry leader Cisco Systems Inc.'s latest quarterly earnings raised hope that business is picking up after a long stretch of lackluster demand.

WASHINGTON (AP) — To the U.S. technology industry, there's a dramatic shortfall in the number of Americans skilled in computer programming and engineering that is hampering business.

LONDON (AP) — Four young computer hackers who masterminded cyberattacks on targets from the CIA to Sony Pictures and Rupert Murdoch's News International were sentenced to up to 32 months in prison on Thursday.

LONDON (AP) — U.K. lawmakers subjected search giant Google to blistering criticism Thursday, accusing the U.S. Internet company of playing games with Britain's tax rules to avoid paying what it owed.

CUPERTINO, Calif. (AP) — Apple says its customers have downloaded more than 50 billon applications from its App Store since its launch in 2008.

WELLINGTON, New Zealand (AP) — New Zealand's highest court ruled Thursday that it will hear an appeal by Megaupload founder Kim Dotcom and three colleagues as they seek to avoid extradition to the United States.

SAN FRANCISCO (AP) — For Google CEO Larry Page, happiness is a warm computer. "Technology should do the hard work so people can get on doing the things that make them happiest in life," Page told a crowd of 6,000 software developers and entrepreneurs who flocked to San Francisco Wednesday for the opening day of Google's annual showcase for its latest breakthroughs.