Yahoo Inc had a bad time this week, observed TechCrunch as the company struggled to appease its customers, including small business owners due to the outage of some of its key Web services.
Consumer Web/Social Media
New York-based social network Foursquare completes $35M round for real-time ad platform
New York-based mobile location-based social network Foursquare has just raised $35 million in a financing round for its new platform for real-time ads, according to the company's Chief Executive Officer.
Facebook acquires sports aggregator SportStream to improve real-time sports discussion community
In a bid to outdo Twitter in terms of real-time sports discussion, social media giant Facebook has bought sports aggregator SportStream for an undisclosed amount.
Google partners to develop $82M San Jose airport
Google Inc. is looking to develop an $82 million corporate aviation facility in San Jose to service its private jets. Google is partnering with private aviation firm Signature Flight Support and private jet company Blue City Holdings for the project.
Yahoo acquires website turbocharger startup PeerCDN
Multinational Internet corporation Yahoo Inc. has acquired content delivery network startup PeerCDN for an undisclosed sum. PeerCDN technology improves website speeds at lower bandwidth costs.
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Facebook chief financial officer David Ebersman early this week sold 532,400 shares in the social networking company at an average price of $50 per share. Ebersman reportedly raised $26.2 million in the deal.
Google Inc. on Friday announced that it had completed the purchase of engineering and robotics company Boston Dynamics. Boston Dynamics is the eight robotics firm that the Internet giant has acquired in the last half-year.
Intel Corp., the world's largest chipmaker, has put up for sale its Internet-based pay-TV startup OnCue. Telecom company Verizon Communications Inc. is said to be nearing a deal to acquire OnCue.
Car pricing information website TrueCar.com has received a $30 million investment from Vulcan Capital. Vulcan Capital is controlled by Microsoft Corp. co-founder Paul Allen and has been investing in Internet and technology firms.
US-based mobile payments company Square has made its second acquisition in a week with the purchase of Evenly, an app that helps users share expenses, in a deal with undisclosed financial terms.
The following bids, mergers, acquisitions and disposals were reported on Wednesday, including Fortum, National Vision, Saipem, CTT, MTS, Southern Pacific, Warrnambool, Verbund, Bakkafrost, Popular and Marathon Oil.
Snapchat, the mobile photo-sharing service beloved by teenagers and twenty-somethings, has raised another $50 million, according to a Securities and Exchange Commission filing made Wednesday.
Yahoo has yet to address technical problems of its mail and small business services, which is causing frustration for many of its individual and small business customers, according to a TechCrunch report.
Internet giant Yahoo Inc. could raise around $36 billion should it decide to divest its entire 24% stake in Chinese e-commerce company Alibaba. Yahoo will be forced to sell much of its stake if and when Alibaba sells its shares in an IPO.
