Webwire: Google misses Q4 expectations; Temasek sells Shin Corp shares
January 20, 2012
Google missed analysts' expectations with its fourth quarter results, despite posting 6.4% higher profit of $2.71 billion, from record revenue of $10.58 billion.
A unit of Singapore's Temasek Holdings will sell off 200 million shares of Thai telecom and IT conglomerate Shin Corporation, in a deal expected to be worth up to $261 million.
The European Union will decide on February 13 whether to approve Google's takeover of Motorola Mobility. The EU extended the initial January 10 deadline after telling Google it must supply more details to support its case.
Taiwan Mobile expects its net profit to grow 7% in 2012, due to a projected increase in data usage and its new TV shopping channel business.
Angry Birds developer Rovio will not conduct an IPO this year, but does plan an eventual listing, potentially in Hong Kong.
The Chinese government plans to expand rules requiring users of microblogs to post using their real names. The rules, which currently affect new registrations, will be extended to also apply to existing users.
US authorities have shut down popular file locker service Megaupload, and arrested seven people associated with the site, accusing them of conspiring to profit from online copyright infringement.
The new Spare One handset being launched in the US promises a standby life of up to 15 years on a single AA battery, as well as 10 hours of talk time, and is being marketed as an emergency backup phone.
First revenue drop in 13 years signals that smartphones and tablets are reaching market maturity