Tag - AQuantive
Microsoft is taking a one-time $6.2 billion charge to offset the lack of revenue from aQuantive, an ad service it purchased. The non-cash charge is likely to drive Microsoft $1 billion into the red for its fourth fiscal quarter ending in June, assuming estimates of $5.3 billion in profits pre-charge are correct. Quarterly results from the software giant are expected on July 19.
Microsoft on Saturday evening triggered surprise by withdrawing its bid for Yahoo. Company chief Steve Ballmer has validated earlier public comments expressing doubt over the viability of concluding a deal and has revealed that Microsoft offered to raise its bid up to $33 per share in an attempt to win over the Yahoo board of directors, which has insisted so far that the initial $31 per share bid undervalues the search engine giant's worth. The Microsoft executive also states that Yahoo has insisted on a higher-still bid and that his firm doesn't consider an extended proxy effort to install a sympathetic board to be effective.
Google today said it will sell off the search marketing portion of DoubleClick to ensure that its takeover bid goes through. Called Performics, the division is being split off by the search engine giant to convince users that the ads accompanying search results won't be influenced by a conflict of interest. Advertisers will need to know that Google is objective and won't bias the ads it displays towards any one advertiser, according to DoubleClick's Tom Phillips.
As a result of having received approval from the European Commission, Google is now formally announcing the completion of its acquisition of DoubleClick. The deal, worth $3.1 billion, will make the combined company the largest web advertiser in the world, beating even the combination of Microsoft and aQuantive. Google says it is now beginning to establish practical plans for the absorption of DoubleClick, which should be fully executed "by early April."
The European Commission today fully approved Google's proposed buyout of DoubleClick, all but ensuring the completion of the unprecedented move. The acquisition has been previously approved by the US Federal Trade Commission and received its blessing from the European agency in the belief that a combined Google/DoubleClick entity would not block out competing ad networks. As neither company has directly fought for similar business, the union of the two companies also won't create a monopoly, the Commission argues.
Microsoft on Friday startled the industry by offering to buy Yahoo, potentially creating a major shift in online business. The proposal would see Microsoft pay $31 per share in a deal worth a total of $44.6 billion. This is 62 percent higher than Yahoo's closing stock price on Thursday, Microsoft observes. The latter argues that an acquisition would help both companies compete in web services and that about $1 billion per year could be saved between the two by eliminating overhead.
An executive responsible for some of Microsoft's biggest acquisitions has declared his intentions to leave the company, reports indicate. Bruce Jaffe, Microsoft's VP of corporate development, has announced that he will leave his position in February, with the stated goal of starting his own business. Jaffe has been with Microsoft since 1995, and is said to have been involved in the $240 million investment into Facebook, and the $6 billion purchase of the ad firm aQuantive. Microsoft just this week made an offer of $1.2 billion for the Norwegian search firm Fast Search and Transfer.
The US government's Federal Trade Commission has approved Google's acquisition of DoubleClick, the Associated Press reports. The two signed a deal in April worth $3.1 billion, but the purchase has since undergone much scrutiny, primarily due to worries that Google might develop a monopoly in online advertising. This opinion was voiced especially strongly by Microsoft and AT&T, despite the former of the two having bought the ad firm aQuantive. Microsoft is pushing heavily into areas currently ruled by Google, such as web search and mapping.
Now AAPL Stock: 95.18 ( + 1.54 )
Micromat MacCheck released for free
Micromat, the developers of TechTool Pro, today announced a new troubleshooting utility called MacCheck. The new product can perform a series of critical tests on Macintosh systems, helping to isolate what might be wrong with a particular computer. The program quickly tests many of the critical systems in a Macintosh computer, including RAM, I/O, Volume Structures, Partition Maps, Batteries, and RAID systems. MacCheck is being offered free of charge and is available for download immediately from the Micromat website. http://bit.ly/1SKFwaV
Hyundai Sonata 2016 gains CarPlay
The 2016 Hyundai Sonata can now be upgraded to incorporate Apple's CarPlay mobile technology, which augments the built-in infotainment system in the car to incorporate many iPhone features, such as Apple Maps and Siri voice control of navigation and other smartphone functions. The upgrade is accomplished through an SD card owners can obtain from their local Hyundai dealer. Although not disclosed, the upgrade was said to cost "a small fee" when it was initially announced in December of last year. http://bit.ly/1TJzK8f
TimePorter carry tote for Apple Watch
Twelvesouth today began shipping TimePorter, a new travel tote and portable charging stand for Apple Watch that that carries a 6m Apple Watch charging cable, extra Watch bands, USB chargers and more. The case also incorporates the Apple Watch Charging Disc, converting your case into a charging and display stand. It is available for $50 in white or black. http://bit.ly/1SCQM4T
WaterField cycling ride pouches
WaterField's new cycling ride pouches are custom-fit to carry both in one compact kit and are ready for the summer cycling season. The Cycling Ride Pouch includes a clear window that allows basic phone access with the phone still safely within the case, and the Cycling Club Pouch incorporates a padded phone pocket to separate up to an iPhone 6 Plus-sized phone from the tool compartment. Both handsome pouches fit neatly in a back jersey pocket, with optimized surface area for comfort. The Cycling Ride Pouch sells for $80, with the Club Pouch retailing for $50. http://bit.ly/1rRqN4e
Dish providing on-site iPhone repair services
Dish has expanded into the iPhone repair industry. Available today, the satellite television company's "Smart Phone Repair" routes a technician directly to a customer's door. DISH's network of technicians in all 50 states will repair cracked screens and replace batteries on Apple's iPhone 5, 5c, 5s, 6 and 6 Plus. In the coming months, the company intends to expand its service to include additional devices and smartphone accessories. http://bit.ly/1SLaDiW
India rejects Apple's refurb request
Apple's request to the Indian government to be allowed to sell refurbished iPhones has been rejected, a move that will hurt the company's efforts to attract budget-oriented consumers. Opposition to the importation of refurbished iPhones is said to have been led by local smartphone makers (and, it should be noted, Samsung), who feared that lower-cost iPhones would undermine the government's own mandates on manufacturing phones in India, and trigger a flood of used electronics into the marketplace, driving prices generally downward. Currently, Apple has just two percent of the smartphone market there, and is also applying to the government for permission to open directly-controlled Apple Stores. That decision is still pending. http://bloom.bg/1rRgi0I
Amazon Prime Now available via website
Amazon's Prime Now rapid delivery service is now available to use from the web, giving users an alternative to using the normal mobile app. Available as a free option for Prime subscribers in certain areas, the web-based service continues to offer the same selection of goods as the mobile version, and is still free for deliveries within two hours, $8 for within one hour. http://amzn.to/1UvqYgi