Tumblr founder David Karp gets US$110 million to remain in the company for the next four years. On Thursday, a regulatory filing revealed a US$110 million retention payment of Yahoo to David Karp, Tumblr's founder.

America Movil offered to buy KPN's E-Plus for EUR 7.2 billion or USD 9.6 billion, a move that rivaled Spain Telefonica's bid made last month.

T-Mobile disclosed that the iPhones from Apple generated 29% of the carrier's total sales during the second quarter.

Universal Display boosted its full-year forecast to US$125 million from only US$110 million due to the increasing demand for LED.

Amazon launched the latest Mobile App Distributing program which could optimize the web app for distribution to smartphones.

Nvidia projected a current-revenue of US$1.05 billion, plus or minus 2%, which was below analysts' estimates.

Apple generated US$4 billion from iTunes software and services during the second quarter. Apple's iTunes Store has been a relevant source of income and a core to the tech giant's ecosystem.

According to Consumer Intelligence Research Partners, first time smartphone buyers would prefer Android units while repeat buyers would choose Apple products.

Nuance Communications recorded its highest price since May after Carl Icahn reportedly increased his stake in the speech recognition software developer.

BlackBerry is the first mobile maker to secure the US Defense Department's device administration approval.