Key Developments: Google Inc (GOOG.O)
882.79USD
22 May 2013
$-6.63 (-0.75%)
$889.42
$877.00
$889.96
$874.00
2,279,347
2,277,641
$920.60
$556.52
Latest Key Developments (Source: Significant Developments)
Google Inc, Facebook, In Talks To Buy Waze Inc For $1 Billion-Reuters
Reuters reported that Google Inc is considering buying Israeli mobile satellite navigation start-up Waze Inc, which may lead to a bidding war with Facebook Inc, Bloomberg news reported. Waze is seeking more than $1 billion and is fielding expressions of interest from multiple parties. Maps and navigation services have become a key asset for technology companies as consumers increasingly adopt smartphones and other mobile devices. Other media have reported that Facebook Inc has held talks to buy Waze for as much as $1 billion. Full Article
Google Inc Buys Wavii-Reuters
Reuters reported that Google Inc has acquired Wavii, the Seattle-based startup behind a news summarization app, for roughly $30 million in cash. Google and Wavii declined to comment. Full Article
Viacom Inc Suit Against Google Inc's YouTube Thrown Out-DJ
Dow Jones reported that Viacom Inc lost another battle on Thursday in its efforts to force Google Inc's YouTube to pay for alleged unauthorized posting of Viacom content. For a second time, U.S. District Judge Louis L. Stanton threw out Viacom's $1 billion copyright infringement lawsuit, a year after a federal appeals court revived the case. The Second U.S. Circuit Court of Appeals instructed the judge to determine if YouTube had knowledge or awareness of specific infringing material and whether it willfully blinded itself to that specific content. Viacom sued YouTube, claiming the site allowed users to post copyrighted Viacom content without permission between 2005 and 2008, including content from Comedy Central's 'The Daily Show', 'The Colbert Report' and 'South Park'. Despite the ongoing litigation, a number of Viacom units, including Paramount Pictures and Comedy Central, have entered into deals to create channels on YouTube. The court case centers on YouTube's practices in the early days of video sharing, mostly before 2008. Viacom has said it pursued the lawsuit because it is interested in establishing a precedent. Full Article
Arris Group Inc Receives Department Of Justice Clearance For Acquisition Of Motorola Home Business From Google Inc's Subsdiary
Arris Group Inc announced that the U.S. Department of Justice has cleared ARRIS' proposed acquisition of the Motorola Home business from a subsidiary of Google. As a result, all required regulatory approvals have been received, or the applicable waiting periods have expired, and ARRIS expects to close the transaction on or about April 17, 2013. Full Article
Google Inc Moves To End EU Antitrust Probe Without Fine-Reuters
Reuters reported that Google Inc has formally submitted a package of concessions to European Union (EU) competition regulators in a strong signal that the Company may be able to settle a two-year antitrust investigation without a fine. Google first offered proposals at the end of January following a spate of complaints from rivals such as Microsoft that triggered the European Commission's investigation in November 2010. The Company has now made a formal offer after fine-tuning its proposals following discussions with the EU antitrust authority. Full Article
Apple Inc, Google Inc Won't Face Poaching Class Action Suit, Yet And Defendants Includes Adobe Systems Inc, Intel Corp, Intuit Inc, And Walt Disney Co's Lucasfilm Ltd-Reuters
Reuters reported that a U.S. judge ruled that a lawsuit alleging a broad conspiracy among Silicon Valley companies not to poach each other's employees cannot proceed as a class action for now, but left the door open for workers to eventually sue as a group. In a decision released on Friday, U.S. District Judge Lucy Koh in San Jose, California said the five software engineers suing Apple Inc, Google Inc and five other companies have yet to show enough in common among the proposed class members to allow them to sue together. But in deciding to give the plaintiffs another chance, the federal judge said she was 'keenly aware' new evidence had recently become available that could support class certification. She also said the nature of the 'alleged overarching conspiracy' and desire to litigate it all at once weighed 'heavily' in favor of certifying a class, which the plaintiffs' lawyers have said could include tens of thousands of people. If the plaintiffs win class certification, then they would have more leverage to extract large financial settlements than if they were to sue individually. Other defendants in the case include Adobe Systems Inc, Intel Corp, Intuit Inc, and Walt Disney Co's Lucasfilm Ltd and Pixar units. The defendants were accused of violating the Sherman Act and Clayton Act antitrust laws by conspiring to eliminate competition for labor, depriving workers of job mobility and hundreds of millions of dollars of compensation. Full Article
Tieto Oyj Extends Office Productivity and Collaboration Services with Google Inc's Google Apps
Tieto Oyj announced that it has signed an agreement with Google Inc, expanding Tieto's service offering with Google Apps, a public cloud based productivity suite.The cooperation complements Tieto's existing services in the office productivity and collaboration area to drive mobile ways of working and efficiency. The services are fitted for enterprises. Tieto's productivity and collaboration offering portfolio now includes a set of cloud services delivered either in private, public or hybrid cloud. As a full IT (information technology) services partner, Tieto integrates cloud services into its customers' existing IT systems and business processes. Part of Tieto's employees will also be using Google Apps, in connection with the "choose your own device" concept. Tieto will sell Google Apps combined with its own complementing services focusing on the Nordic markets. Full Article
Telenor ASA and Google Inc to Cooperate in Norway-DJ
Dow Jones reported that Google Inc's Google Play and Telenor ASA's Telenor Norway have decided to cooperate to make it easier for Android mobile users to find relevant apps in Google Play. For the first time in Norway, customers are now able to pay for Google Play apps through their mobile phone subscriptions. The launch is a result of cooperation between Telenor Digital Services and Telenor Norway. Full Article
Google Inc Buys Machine Learning Startup-DJ
Dow Jones reported thatGoogle Inc said it has bought a Canadian startup specializing in getting machines to understand what people are trying to say. Google didn't disclose how much it paid for DNNresearch, which was founded last year by University of Toronto professor Geoffrey Hinton and graduate students Ilya Sutskever and Alex Krizhevsky. Full Article
Google Inc To Settle In Street View Case-Reuters
Reuters reported that Connecticut Attorney General George Jepsen confirmed Google Inc has agreed to pay $7 million to settle with 38 U.S. states over its Street View cars collecting data from unsecured Wi-Fi networks. Equipped with antennas and open-source software, the Street View vehicles collected network identification information as well as data frames and payload data being transmitted over unsecured business and personal wireless networks as the cars were driving by. Full Article
UPDATE 1-Google, like Facebook, in talks to buy Waze for $1 bln-report
* Waze seeks more than $1 bln, multiple parties interested-Bloomberg
Earnings vs. 
Estimates
Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests.
NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.
