Webwire: Tudou prices US IPO; Vodafone India tax appeal starts
August 04, 2011
Chinese online video company Tudou has priced a Nasdaq IPO at $28 to $30 per American depository share (ADS), and aims to raise around $143.5 million from the process.
India's highest court has started hearing Vodafone's appeal against the $2.5 billion in taxes it is being charged for its acquisition of Hutchison's Indian telecom business in 2007.
Sources say Samsung has joined Apple, Google and others in considering a bid for InterDigital's patent portfolio, after it was approached to make an offer.
Google has ramped up its rhetoric over patent battles against Android, accusing Apple and Microsoft of teaming up to try to “strangle” the platform through claims about “bogus patents.”
Time Inc plans to start publishing tablet version of all 21 of its magazines by the end of the year. The publisher already offers tablet editions of Time, Fortune, People and Sports Illustrated.
Skype rival Vonage has launched an international VoIP over Wi-Fi service for the iPhone. Time To Call will charge for calls through iTunes as an in-app purchase.
The Hungarian government could launch a tender for a fourth mobile license this week, leasing spectrum in the 900MHz band, local news has reported.
A German regulator has asked Facebook to disable its face recognition photo-tagging feature in the country, and warned that the function could violate EU laws on unauthorized data collection.
First revenue drop in 13 years signals that smartphones and tablets are reaching market maturity