Acquisitions can have a very positive affect on your firm and Bwin Interactive Entertainment‘s shares rose up upon confirming of its acquisition of Gioco Digitale. There hasn’t been any official word on the deals finances but the rumors put it close to $143 Million. The acquisition isn’t a surprise move as Bwin had indicated its plans to expand business which provides audio and video streams to casino and sports betting in more than two dozen or so International markets.
Archive for September, 2009
Reports are finally confirmed that Kai Fu Lee is leaving Google China and will initiate Innovation Works. What is it? A cusp of a development lab, an investment firm and an incubator. Sounds great as it will open doors to around 150 engineers and innovative people from China and over the years end have them flying with their ideas put to practicality with funding from Innovation Works. There has been quite a lot in other regions when it comes to incubators but taking the step in China is going to bring out vast talent and innovative ideas. This adds to the huge market China has, which makes investment in startups more profitable at least on paper and is bound to bring the much needed maturity in entrepreneurship and Web startups in the region.
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News Corp is releasing Newscore, its new global service that would enable instant availability of news to every news outlet. This is going to bring the bulk of information and news from within the News Corp circles to every other news service out there. The service has been approved by Rupert Murdoch, chairman and CEO of News Corp and NewsCore will then branch out everything from text to video and citizen journalism across the globe. It is based in New York and is hiring journalists for New York, Asia and London. It’s an interesting move and will open dimensions for global journalism to easily collaborate and share news and to leverage the large network of News Corp which has more than 30 networks including the likes of Start TV, Fox News, etc and connect them each on a global scale.
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Now the Apps at the App Store are doing great and iPhone users are really spending cash to get all those useful apps there. A recent survey conducted on 1,200 users that use AppsFire service and its results were interesting. Perhaps putting the significance of the financial value of the App Store as each user spent about $80 per device. Now if this is an average spending from an iPhone, iPod users, one can only guess what’s the App Store making in total cash value, more than $400,000,000 in cash for Apple. Wow, no doubt the developers are using every bit of their talent put innovation out there. And if it’s quality you are giving, I bet people wont mind spending $1.56 on average.
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After all the wait Spotify has at last come to the iPhone and Android devices, though presently it’s for subscribers alone. The bad news is that it is yet to launch in the US, where I guess it will do a lot, given that it has already rocketed in European Markets. The app would enable users to play the entire Spotify list offline and I bet those in the US are more than just eager to have the app coming to the region, given the fact that a lot of investment has gone from labels in the country. The app can be downloaded: App Store and Android Market.
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Bit.ly has gained a lot of popularity, thanks to its problem free service and becoming the default link cruncher for Twitter. The URL shortening service has shortened its already shortened service even more. The new branding puts bit.ly as j.mp saving you an additional two characters. Well sounds justified given that every character counts on Twitter and it offers nothing extra apart from the name and use the same credentials that you have for Bit.ly. Here is a shortened version of Startup Meme’s link.
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Well Facebook is set to begin production of its movie, The Social Network next month. Moving ahead of rumors reports state that the caste for the movie have Justin Timberlake and Jesse Eisenberg.Timberlake will play Sean Parker, Facebook’s existing President. The movie is based on the book The Accidental Billionaires, with writing done by Aaron Sorkin and director David Fincher as members of the board. The budget dedicated for the production is $47 Million, which is fairly high.
Do our readers have any tip on the cast or a say on what the movie is going to be about?
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At times I have to go through sites to see if they are interesting enough to cover immediately but readers there is one I need you to visit; YouSTFU. Now I didn’t mean you get offended it’s just the name of a startup that’s not about the conventional social networking. The site emphasizes on people sharing stories, voting, commenting on anything that makes you say STFU. Plus it saves you the task of signing up for a new account as you can connect via Facebook credentials. Users can also send STFU greeting cards, creating STFU postcards and even shopping for STFU stuff. STFU, pretty STFU for a startup to say at least, but I like the lightness of the YouSTFU.
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