It was supposed to be one of the biggest takeovers in US corporate history. Yes, we are talking about AT&T proposed $39 billion (£24bn) takeover of T-Mobile USA, which will now have to surpass the hurdle imposed by the Obama administration in order to block the merger.
The elusive and already obsolete HP Pre 3 smartphone has gone on preorder on T-Mobile for as little as £19.86 monthly after an automatic cashback offer; granted that it is nowhere near as exciting as a £49 (or £69) SIM Free handset but the likelihood of this happening is extremely remote.
Social media juggernaut Facebook last week officially confirmed its decision to kiss the final goodbye to its daily deals business. The untimely departure of the venture merely 4 months after it started has ever since raised an industry wide speculation regarding the future of the daily discount business.
Google, for the first time, has offered daily deals via Google Offers, on its website home page, even as Facebook has decided to depart from the daily deals business. Google Offers, which was launched in several US cities a while back, allows users to get daily deals from businesses and service providers in and around their area. The company hopes to emulate the same success Groupon has had in the daily deals market.
Innovation Works, an investment firm focused on providing financial help to Chinese internet start-ups, has raised $180 million for a new investment fund. The company, which was started by Google’s former China head Kai-Fu Lee, provides financial and technical assistance to young Asian start-ups.