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Germany-based 6Wunderkinder acquires and winds down Moped
Moped, a messaging platform startup, had been acquired by local cloud-based software startup 6Wunderkinder, according to the former's announcement on its website. Financial details of the transaction were not disclosed.
BlackRock raises stake in Telecom Italia to 10%
New York-based money manager BlackRock Inc. increased its stake in Telecom Italia to 10%, becoming its second-largest shareholder. This could potentially tip the balance at a shareholder meeting set to vote on the proposed ouster of Telecom Italia's board, according to a Reuters report.
German trust RAG to cut stake in Evonik Industries to over 25%
RAG Foundation chief Werner Mueller said the state-owned trust looks to reduce its stake in German chemicals and plastics manufacturer Evonik Industries to about 25%. RAG currently owns two thirds of Evonik.
Yahoo's Mail, Small Business and Flickr outage highlights poor customer service
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.