Music subscription service Rhapsody has moved to acquire rival Napster from retailer BestBuy for an undisclosed sum. Under the terms of the acquisition, for which financial details haven’t been revealed, Rhapsody will be getting all of Napster’s subscribers and assets while BestBuy will get a minor stake in Rhapsody.
Zune HD, Microsoft's not-so-popular troubled digital device, seems to be counting its last few days. First in a strange turn of events this device disappeared from the Microsoft’s Zune official website and then appeared again.
In the much talked about and controversial deal, Hewlett-Packard finally closed the $12 billion buyout of the British software firm Autonomy. Share holders of Autonomy accepted the £25.50 per share in cash offer, which was 79 percent more than Autonomy’s share price.
Software powerhouse Adobe Systems Inc. announced on Monday that it has inked an agreement with Nitobi Software, a privately held company, commonly known for its products such as PhoneGap and PhoneGap Build.
The UK government plans to invest £150 million for extending mobile coverage to 99 percent of the country, which would also include remote, rural areas. Chancellor George Osborne has promised the money from the government’s own pockets, comprising of the money not spent by government departments.