News Corp has sold MySpace, the social networking site it acquired for $580 million in 2005, to advertising network Specific Media for a mere $35 million.
Oracle has clarified that it is seeking $2.3 billion in damages from its Java patent suit against Google over the Android OS, Alleging that Google's claim in court documents that it wants up to $6.1 billion was a misleading interpretation of the expert valuation it is using.
Cisco has provided more details of its tablet plans, including a suggested retail price of $750. The company also said it would set up an online service, AppHQ, to let companies set up private app storefronts for their employees to use to download business apps.
The tit-for-tat sparring in the Apple-Samsung legal battle continues, with Samsung now asking the ITC to block US imports of the iPhone, iPad and iPod. Apple is seeking an injunction on sales of Galaxy products in a lawsuit filed in Seoul earlier this week.
Belgacom has commenced an LTE rollout, and is partnering with Wi-Fi provider Fon to augment its wireless broadband offerings.
Telkom SA has agreed to sell Nigerian CDMA division Multi-Links to an associate of Helios Towers Nigeria for $10 million. Helios Towers had been suing Multi-Links for breach of contract, which stymied an earlier deal to sell the unit to Visafone for $52 million.
US operator Verizon is taking pre-orders for the 4G version of the Samsung Galaxy Tab, with plans to ship the devices in 4-6 weeks.
Zynga wants to raise between $1.5 billion and $2 billion in an IPO that could value the social games maker at up to $20 billion.
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