Key Developments: Google Inc (GOOG.O)
900.62USD
18 Jun 2013
$14.37 (+1.62%)
$886.25
$888.65
$901.00
$888.35
2,167,878
2,245,343
$920.60
$557.21
Latest Key Developments (Source: Significant Developments)
Google Inc Approves Proposed Settlement On Non-Voting Stock Shareholder Suit-DJ
Dow Jones reported that Google Inc said its board has approved the terms of a proposed settlement with shareholders who have sued the search-giant in a bid to block its plan to issue a new type of stock that carries no voting rights. Full Article
Raven Industries Inc Collaborates With Google Inc on Balloon Design and Manufacturing Project Bringing Internet Access to Remote Areas of the World via High Altitude Balloons
Raven Industries Inc announced it is involved in a pilot project with Google Inc designed to provide high-speed wireless Internet accessibility to rural, remote and underserved areas of the world. Google plans to use Raven-designed and developed high-tech balloons as part of its new project for balloon-powered Internet access, Project Loon. Full Article
Google Inc Seals Waze Acquisition-Reuters
Reuters reported that Google Inc bought Israeli mapping startup Waze on June 11, 2013 for an undisclosed sum, acquiring an online real-time mapping service. A source close to the matter told Reuters on June 10, 2013 that the Internet search leader was putting the finishing touches on a deal to take over the Company for $1.3 billion. Google said in a June 11, 2913 blog post that it had closed the deal and now planned on using Waze's service, but did not say how much it paid. Full Article
Google Inc Close To Buying Israeli Mapping Start-up Waze-Reuters
Reuters reported that Google Inc is close to buying Waze for $1.3 billion, an Israeli newspaper reported on June 9, 2013, potentially trumping rival offers for the Israeli mapping start-up. The report on the website of financial newspaper Globes did not cite sources or provide further details. Last month sources told Reuters that Google was in talks to acquire Waze, while a second Israeli newspaper reported Facebook was willing to pay up to $1 billion for the firm. Waze is a crowd-sourced, mobile-oriented navigation device for drivers that relies on information provided by its 47 million members to populate its maps. Full Article
TiVo Inc To Gain $490 Million In Patent Settlement With Google Inc, Cisco Systems Inc-DJ
Dow Jones reported that TiVo Inc said it will receive an payment of $490 million from Google Inc. and Cisco Systems Inc. to settle patent litigation with both companies. Full Article
Google Inc's Motorola Reaches Settlement With TiVo Inc Over Patent Row-Reuters
Reuters reported that Google Inc's Motorola Mobility said it has reached an out-of-court settlement with TiVo Inc that could avert a trial to resolve their patent dispute. Motorola accused TiVo of infringing its patents for digital video recorders in February 2011 and TiVo filed a counterclaim in March 2012. The patent trial was scheduled to begin on June 10, 2013. 'We are pleased that all parties involved have reached an agreement to resolve pending litigation,' Motorola spokesman William Moss said. He did not disclose the terms of the settlement. TiVo could not be reached for comment outside regular business hours. Full Article
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
Mississippi leans on Google to crack down on illegal products
WASHINGTON - Mississippi's attorney general said on Tuesday he would subpoena documents from Google Inc as part of a probe into allegations the Web search company facilitated the sale of drugs without a prescription and other illegal products.
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