International Game Technology confirmed that it has reached a definitive agreement to acquire Double Down Interactive LLC, a leading online social gaming company and developer of the popular Facebook’s DoubleDown casino. DoubleDown Casino currently has 4.7 million monthly active users, up from 3.3 million it is having in October 2011. It is considered as world’s...
Microsoft Corporation has signed a patent agreement with LG Electronics over LG’s tablets, mobile phones and other consumer devices running the Android or Chrome based OS platform. The deal marks their 11th agreement together with Android and Chrome OS device manufacturers, including HTC, Samsung and Acer. With the LG deal, Microsoft will cover more than 70 percent...
Hulu’s CEO Jason Kilar, on thursday posted the company 2011 revenue on the company blog. Kilar revealed that company’s revenue grew 60% from previous year, 2010, that is approximately to $420 million. The company made huge investments in innovation last year. Hulu Plus now has more than 1.5 million paying subscribers and this number keep on increasing, on...
Rumors all around are flying about the World’s largest social network “Facebook” going public this year with its upcoming IPO. The question here is how much the Facebook is worth about? According to Accounting Degree Online, the company’s projected valuation is of $100 billion breaks down into the people who all owe it. The IPO going to be the biggest of any tech company in history, as earlier only three companies was able to reach that mark – AT&T (in 2000), GM (in 2008) and VISA (in 2010). If Facebook raises $100 billion...
Apple today confirmed the reports for its Israel-based flash memory Anobit company acquisition. The company products and technologies are already integrated into Apple’s iPhones and iPads. Steve Dowling, Apple’s spokesman confirms that the acquisition had taken place. He did not disclose the amount of the deal but with the last month’s report, suggest price...
Kickstarter, an online threshold pledge system, celebrated its new year with successful 27,086 projects and approximately $100 million in last year. That was what the total amount company pledged on the crowd-sourced website during the year 2011. The stats states that a total of 27,000 projects, 11,836 of which reached their funding goals (with a success rate of 46%). The...
Takeaway.com, an online food ordering and delivery service has been successful in raising 13 million Euros from the Dutch VC Prime Ventures. Takeaway.com basically let’s hunger people order food from restaurant online. Founded in 2000 by Jitse Groen, the online food service provider offering its service in 11 European countries – with the offering from UK’s...
InfoSpace, an SEO service company has announced that it has signed an agreement to acquire TaxACT, an online tax solutions provider, for $287.5 million in cash. The company also states that the acquisition is expected to close in the 2012 first quarter. The transaction is expected to be immediately accretive to InfoSpace earning per share and year one return on shareholder...
Amazon’s LOVEFILM confirms the report yesterday that it soon to stream the BBC Worldwide content including the vast archive of shows, celebrated programmes and much more. Subscription deal including some of the greatest British programming, TV titles likes the nation’s much loved Doctor Who, Life On Mars, Torchwood Planet Earth and much more. With the deal, LOVEFiLM...
Google ended the year 2011 with making an investment of $94 million in a solar photovoltaic projects bringing their total portfolio for clean energy investments to more than $915 million. As per Google Official blog: “We’ve already committed to providing funding this year to help more than 10,000 homeowners install solar PV panels on their rooftops. But this...
