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Softbank invests USD 250 mln in Legendary Entertainment
2014-10-03 09:11:00| Telecompaper Headlines
(Telecompaper) Softbank has agreed to buy a 7.5 percent stake in Legendary Entertainment, producer of the "Godzilla" film, for USD 250 million, with a view to maybe increasing its investment to USD 1 billion by 2017, Bloomberg reported, citing people with knowledge of the situation. The agreement will provide Legendary with fresh capital for growth and give SoftBank films and TV shows for networks it controls. The companies will form a venture to develop online and mobile services, with a focus on India and China, according to a statement. Other terms were not disclosed. Meanwhile, Nikesh Arora, the vice chairman of SoftBank and head of SoftBank Internet & Media, will join the board of the Burbank, the California company led by Thomas Tull. SoftBank is still considering other deals in media and digital technology, said one of the people familiar with the matter.
Tags: entertainment
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legendary
mln
MIT gets USD 10 mln to analyse every tweet
2014-10-02 09:45:00| Telecompaper Headlines
(Telecompaper) Twitter is giving MIT every tweet ever made publicly and USD 10 million so that the university's Media Lab can study the spread of information, the New York Times reported. MIT's Media Lab will create a research group that will get access to Twitter's entire feed of real-time and archived public tweets dating back to Jack Dorsey's first in 2006. Data scientists want to better understand how information spreads on Twitter and other social media platforms. MIT Media Lab said it plans to build data visualizations, mobile apps and other tools to "create new forms of public communication and social organization." This is Twitter's first financial foray into academic research. The USD 10 million commitment will be spread over five years.
Good Technology raises USD 80 mln in latest funding round
2014-10-01 08:25:00| Telecompaper Headlines
(Telecompaper) Good Technology, a developer of mobile device management software, said that it has raised USD 80 million in additional funding and that it is still considering an initial public offering, Re/Code reported. The company filed for an IPO earlier this year. CEO Christy Wyatt said the company is not rethinking its plan to go public and that is would continue to watch the market for a good moment. Good, which was once owned by Motorola, is currently privately held. The USD 80 million came from new investors, Wyatt said. Previous investors include Blueprint Ventures, Draper Fisher Jurvetson, ePlanet Capital, GKM Newport, Meritech Capital Partners, Oak Investment Partners and Rustic Canyon Partners.
Tags: good
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HP launches 7-inch Windows tablet for USD 100
2014-09-30 09:13:00| Telecompaper Headlines
(Telecompaper) HP has announced two new Windows tablets launching for the year-end holidays. The Stream 7 and Stream 8 are Intel-powered 7- and 8-inch tablets that come with one year of Office 365 Personal and 60 minutes of Skype each month, 1TB of Microsoft OneDrive storage for a year and a full Windows 8.1 experience. The HP Stream 8 tablet includes an optional 200MB of free 4G data each month for the life of the device, offered with T-Mobile US. Customers can personalize their tablet with Start screen, live tiles and a dynamic lock screen, and the tablets provider multi-user support. They also comes with the HP Connected suite of apps for accessing digital content including photos and music across multiple devices. The HP Stream tablets will go on sale in early November in the US, for USD 99.99 for the 7-inch tablet and USD 149.99 for the 8-inch version. HP also launched two notebooks in the Stream range, with 11.6- and 13.3-inch touchscreens.
Tags: windows
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launches
tablet
Intel invests USD 1.5 bln in Chinese chipmaker
2014-09-26 09:26:00| Telecompaper Headlines
(Telecompaper) Intel has agreed taken a 20 percent minority stake in the holding company under Tsinghua Unigroup, which will own Spreadtrum Communications and RDA Microselectronics. Under the terms of the agreement, Spreadtrum will jointly create and sell a family of Intel Architecture-based system-on-chips (SoCs). Initial products will be available beginning in the second half of next year and will be Intel Architecture-based SoCs sold by both companies. The RMB 9 billion (USD 1.5 billion) stake acquisition is expected to close early next year, subject to regulatory approvals and other closing conditions. Intel and Tsinghua Unigroup signed a number of coooperation agreements to expand product offerings and adoption for Intel-based mobile devices in China and worldwide. The parties will jointly develop Intel Architecture and communications-based systems for mobile phones. The companies expect Intel's investment to close in early 2015.
Tags: chinese
usd
intel
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