DailyDose: Google to replace M&A head, to start a late stage group
Daily dose of tech news from around the world. In today’s edition: Google to replace M&A head, to start a late stage fund. Netflix CEO Hastings Faces SEC Action Over Facebook Post. Russia’s Richest Man Says U.S. Tech Overvalued and more.
Google to replace M&A head, to start a late stage group
Google Inc is replacing the head of its in-house mergers and acquisitions group, David Lawee, with one of its top lawyers, according to a person familiar with the matter.
Don Harrison, a high-ranking lawyer at Google, will replace Lawee as head of the Internet search company’s corporate development group, which oversees mergers and acquisitions. [Source]
Netflix CEO Hastings Faces SEC Action Over Facebook Post
Netflix Inc. and Chief Executive Officer Reed Hastings said they may face a U.S. Securities and Exchange Commission civil claim over a July Facebook post that coincided with the stock’s biggest gain in almost six weeks. SEC staff alleges Netflix and its CEO violated rules governing selective disclosure, according to a company filing yesterday. The July 3 post by Hastings said Netflix viewing “exceeded 1 billion hours” of videos in June. The shares rose 6.2 percent that day. [Source]
Russia’s Richest Man Says U.S. Tech Overvalued
Russia’s richest man, a billionaire named Alisher Usmanov, wasn’t one of the unlucky investors squashed by Facebook’s belly-flop of an initial public offering.
An early backer of Facebook, Usmanov managed to propel himself to the very top of the ranks of Russia’s wealthiest people this year with the well-timed sale of shares in the social networking company. He sold a third of his Facebook holdings for $1.4 billion in the company’s May IPO, helping to bring his fortune to $17.2 billion, according to data compiled by Bloomberg. [Source]
Crowd-Funding Site Indiegogo Is Going International
As crowdfunding continues to affect the lives of millions of people around the world, Indiegogo has been listening carefully to our global community of campaigners and contributors. With that, we’re very excited to announce some new enhancements to our global platform — currencies, languages and localized experiences — that will help our community in the UK, Europe, and Canada get more out of their crowdfunding experiences.
Starting today, Indiegogo will now support transactions through PayPal in Euros, Pounds Sterling, and Canadian Dollars — in addition to the US Dollar. Our hope is to give campaigners and contributors more bang for their buck/Euro/Pound/Dollar [Source]
Judge calls for global patent peace as Apple, Samsung fight again
A Thursday courtroom hearing went on for three and a half hours, bogging down with continual disagreements from both sides. Here’s a brief roundup of what happened in the first day of Apple and Samsung’s long appeals process. [Source]
China Unicom, Microsoft Forge Alliance To Boost Windows Phone Sales In China
The world’s third largest wireless operator, China Unicom, has today announced an alliance with Microsoft’s Windows Phone to help boost sales and provide more innovative Windows Phone devices in the Chinese market, reports the China Daily.
According to Analysys International, a Beijing-based research firm, Windows Phone holds less than 3 percent of the market in China, whereas Android came away with a 72 percent share in the third quarter of this year. [Source]