April 9, 2014 |
Comcast Corp., already the nation's largest cable and Internet provider, says it needs to get bigger to compete against the formidable giants of Silicon Valley. The Philadelphia-based cable behemoth said in a government filing Tuesday that its proposed $40-billion acquisition of Time Warner Cable Inc. will benefit consumers without limiting competition. Both companies contend that they need muscle to compete against emerging competition from Google Inc., Apple Inc., Netflix Inc. and Amazon.com Inc. Comcast said in a 175-page document filed with the Federal Communications Commission that the deal would mean better Internet and cable TV service for millions of consumers.
April 4, 2014 |
Tech companies have not been shy about spending big bucks on up-and-coming startups in 2014. Facebook in particular has already doled out more than $20 billion in some big-name acquisitions. Google has also had a few transactions, buying two startups for billions of dollars before selling Motorola. A fourth of the way into 2014, here are five of the biggest and most notable tech acquisitions thus far: 1. Facebook buys WhatsApp for $19 billion In one of the biggest tech deals of all time, Facebook snatched up popular mobile messaging app WhatsApp for $19 billion . The deal is Facebook's largest acquisition thus far and made the company's 2012 $1 billion purchase of Instagram look like child's play.
March 26, 2014 |
Oculus may be happy about its $2-billion deal to be acquired by Facebook, but the virtual reality start-up's supporters are definitely not. The Irvine company gained a strong following in the worlds of tech and gaming after taking to Kickstarter in 2012 to raise money for the Rift, a head-mounted device that lets users play video games in virtual reality. But when Oculus announced its agreement to be bought by Facebook in a blog post Tuesday, many of the company's fans left comments voicing their concern and displeasure over the deal.
March 25, 2014 |
SAN FRANCISCO - A tiny Irvine company founded by a 21-year-old Cal State Long Beach drop-out may play a leading role in Facebook's next major bet on the future of the Internet: that virtual reality will change the way people experience the Web. Facebook said Tuesday that it was buying Oculus VR, maker of virtual reality headsets for video game players, for $2 billion. The ultimate goal of the acquisition, the giant social network said, is to create an immersive 3-D experience in which users don't just chat online with friends but grab a cup of coffee with them in a virtual cafe or travel with them to distant places, just by putting on a pair of goggles with dark lenses.
March 7, 2014 |
The Galaxy opens its season Saturday night facing the rival that knocked them out of the playoffs last year: Real Salt Lake. But the Galaxy will field a markedly different team at the StubHub Center after bolstering its ranks with several experienced players during the off-season. The moves were to correct the team's uneven play in 2013. "If there was a weakness last year, it's that we were inconsistent," said Coach Bruce Arena, who last month signed a multiyear contract extension.
March 1, 2014 |
Owning the NHL's best record, the Ducks aren't feeling the pressure of Wednesday's trading deadline like others trying to get in the playoffs, climb toward Anaheim's lofty perch or rid themselves of a pending free agent. Yet, a final piece that could help clinch home-ice advantage through the Western Conference playoffs and further improve their chance at a Stanley Cup might be out there, and the Ducks are equipped with the depth to deal. Whether it be one more shutdown defenseman, an elite scoring forward or another center, Anaheim owns two first-round and two second-round picks in this year's draft, and a wealth of goaltending depth - such as Viktor Fasth - with young forwards who might also emerge as bargaining chips.