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Monday, September 9, 2013

Technology Report: Icahn ends battle for control of Dell; vote due on Thursday

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09/9/2013
Reuters Election 2012 Daily round-up of the day's top news from the campaign trail, the White House and all the politics in between
Icahn ends battle for control of Dell; vote due on Thursday
NEW YORK (Reuters) - Activist investor Carl Icahn said on Monday he would no longer pursue efforts to block founder Michael Dell's proposed $25 billion buyout of Dell Inc, determining "it would be almost impossible to win."
Questions on charges feature in U.S. hearing on Web rules
WASHINGTON (Reuters) - Judges hearing an appeal by Verizon Communications Inc of the U.S. government's open internet rules spent much of their time on Monday focused on what sorts of charges levied on websites would be considered illegal blocking.
EU regulators tell Samsung to offer more to end antitrust case
BRUSSELS (Reuters) - European Union regulators have told Samsung Electronics to offer more concessions to settle EU charges that its use of patent lawsuits against rival Apple breached antitrust rules after a first offer fell short.
BlackBerry's shares rise on report of buyout
NEW YORK (Reuters) - BlackBerry Ltd's U.S. shares rose 3 percent on Monday after a report that a Canadian investor was closing in on a rescue deal for the battered smartphone maker that put itself up for sale last month.
Western Digital buys flash memory maker Virident, focus now on Fusion-io
(Reuters) - Western Digital Corp said it would buy Virident Systems Inc for $685 million as the hard drive maker and Seagate Technology Plc battle for a piece of the fast-growing market for solid-state drives used in servers.
Vodafone faces pressure to raise $10 billion Kabel bid: sources
FRANKFURT/LONDON (Reuters) - Vodafone is facing pressure from Kabel Deutschland's largest shareholder to raise its 7.7 billion euro ($10.1 billion) offer for Germany's largest cable company, two sources familiar with the situation said.
Google offers new concessions to avoid fine in EU antitrust case
BRUSSELS (Reuters) - Google has offered further concessions aimed at ending a three-year investigation into complaints it was blocking competitors and to avert a possible $5 billion fine, the European Commission said on Monday.
Apps make self-destructing posts for Facebook and Twitter
TORONTO (Reuters) - The Snapchat app popularized the concept of sending photos and videos that self-destruct in minutes and new apps do the same for posts on social media sites like Facebook and Twitter.
Politico buys New York City site in digital expansion
(Reuters) - Robert Allbritton, owner and publisher of political news website Politico, has purchased the Capital New York website that covers New York City news, Politico announced on Monday.
SunEdison to divest semiconductor business, cuts sales outlook
(Reuters) - SunEdison Inc cut the full-year revenue outlook for its semiconductor business amid weak demand and said it plans to spin off the unit in a $250 million initial public offering to focus on the high-margin solar power business.
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