Oracle has taken a minority stake in Engine Yard, maker of a PaaS (platform as a service) for Ruby, PHP and Node.js applications, the company announced Tuesday. Financial terms were not disclosed.
A major investor in WiMax operator Clearwire told the company's board on Thursday to sell its excess spectrum for up to US$9 billion to prevent Sprint Nextel from buying out the company at a discount.
German publisher Burda Digital has increased its stake in professional social network Xing to 38.89 percent, triggering a disclosure requirement and a mandatory offer to minority stakeholders. Burda is offering €44 per share, almost €7 more per share...
India's auction of mobile spectrum has not attracted new foreign investors, reflecting growing uncertainty about investment policies in the country and the growth potential of its mobile market.
Google has paid US$94 million for a stake in four photovoltaic power generation projects around Sacramento, California, bringing its total investment in renewable energy generation this year to $880 million, it announced Tuesday.
Clearwire's big payday on Tuesday, when it raised US$734 million through a stock offering and a new investment by majority owner Sprint Nextel, helped the WiMax carrier but didn't seal the deal on its planned LTE network.
IBM is helping a Chinese state-owned firm to monitor food safety in the country, by building a new system meant to prevent tainted products from being sold to consumers.
Microsoft and General Electric's healthcare IT business are setting up a 50:50 joint venture to develop and market an open, interoperable technology platform and clinical applications for enabling better population health management, the companies sa...
Clearwire plans to raise as much as $345 million in stock transactions to help fund its LTE (Long Term Evolution) network deployment and other activities.
Sprint Nextel may help finance Clearwire's LTE network and keep offering WiMax service through 2015 under a set of agreements worth as much as US$1.6 billion that the companies laid out on Thursday.
Renesas Electronics will upgrade its Japanese factories so that they can be up and running within a month after a major quake like the one that struck Japan in March.
SAP announced on Tuesday it will spend more than US$2 billion over the next four years to expand its business in China, with plans to almost double the number of employees it has in the nation.
Huawei Technologies will buy out the rest of a joint venture with Symantec for US$530 million, the companies announced on Monday.
PayPal has opened a global operations center in Malaysia, its second in the region.
Groupon's China venture posted a net loss of US$46.4 million for the past nine months, generating only $2.1 million in revenue as it fights to gain dominance in the country's highly competitive group buying market.
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