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Microsoft Buys Skype For $8.5 Billion

Posted in Microsoft by Conner Flynn on May 10th, 2011

Microsoft has now officially confirmed their acquisition of Skype, in a deal which is said to be worth $8.5 billion. The big M announced the deal on their website and they say that the deal is worth $8.5 billion in cash, and that includes taking on Skype’s debts. The deal was approved by both the board of Microsoft and the board of Skype.

Does this mean that we should start calling them MicroSkype or Skypesoft? The rumor had been that Google and Facebook were looking to buy Skype, but it seems like no one guessed that Microsoft would be acquiring them.

Google pays $10 million for fflick

Posted in Google by Conner Flynn on January 25th, 2011

$10 million to Google is like $1 for us. Just a drop in the bucket. That’s how much the company paid to buy movie recommendation site fflick. It looks like this is a strategic move to boost its upcoming YouTube movie service. It is a movie recommendation site after all.

The deal is currently in progress and will help Google gain access to a Twitter-based sentiment engine that is capable of gauging whether viewers prefer a particular movie or whether it has recieved enough pre-release momentum. It isn’t clear whether fflick will survive as an independent company or will be consumed wholly by the almighty Google. The buyout should be announced formally before the week is over.

Amazon to buy UK movie streaming and rental service Lovefilm

Posted in Amazon by Conner Flynn on January 20th, 2011

Amazon has announced that it has some spare change and has agreed to buy up all the remaining shares of Lovefilm that it didn’t already own. The British company is a subscription-based movie rental and streaming service for the UK, Germany, Denmark, Sweden and Norway.

Looks like Amazon might have the final piece in place to battle Netflix. The acquisition is expected to be complete by the end of Q1 of this year.

AOL buys TechCrunch

Posted in News by Conner Flynn on September 28th, 2010

Rumors had been circulating that AOL, who owns Engadget and Webblogs Inc were about to purchase Michael Arrington’s TechCrunch, and it now looks like those rumors were true as AOL has just announced that they have purchased TechCrunch.

AOL has also purchased all other sites in the TechCrunch network, which includes MobileCrunch and Crunch Gear. No details on the purchase price have been announced yet, but Business Insider is reporting that it was sold for $25 Million.

Sony PS3 movies re-downloadable only once

Posted in PS3 by Conner Flynn on September 22nd, 2008

Sony PS3 movies re-downloadable only onceI don’t know how you are, but when I buy something, like say a movie, I like to be able to use it as many times as I see fit. I paid good money for it after all. Apparently, users who purchase movies from the Sony PS3 video store are allowed to download it only one more time. Which sucks. Sony does tell you in their license agreement that “Content cannot be redownloaded once it has been downloaded to either a PLAYSTATION 3 or PSP system.” I guess the moral of the story is to treat digital downloads as rented movies rather then purchases.

Best Buy to acquire Napster for $121m

Posted in News by Conner Flynn on September 15th, 2008

Best Buy to acquire Napster for $121mBest Buy has agreed to purchase Napster Inc. for $121 million, which values Napster at $2.65 per share. Like many of us, you might be wondering why Best Buy wants the once relevant Napster. According to Best Buy, they intend to use Napster’s assets to reach new customers with an enhanced experience for exploring and selecting music as well as other digital entertainment products over an increasing number of devices. Um, okay. Best Buy doesn’t have any plans to relocate Napster’s headquarters in Los Angeles yet, and they have no plans to make significant changes in personnel. I guess they just felt like shopping.