Webwire: TerreStar accepts buyout bid; C&WW CEO quits

Dylan Bushell-Embling
29 Jun 2011
00:00
News
Daily News

TerreStar said to accept $1.38b buyout offer

Bankrupt satellite services provider TerreStar will accept the $1.38 million buyout offer from US satellite TV company Dish Networks after receiving no competing bids, according to a source. A deal still requires court approval.

Bloomberg

C&WW CEO resigns in face of profit warning

Cable & Wireless Worldwide CEO Jim Marsh stepped down yesterday, as the company issued its third profit warning in 12 months. He has been replaced by chairman John Pluthero, who is returning to the chief executive role.

Irish Times

Android activations pass 500,000 per day

Android devices are now being activated at the rate of over 500,000 per day, according to Android czar Andy Rubin. This is up 25% from a month ago, and activations are growing by 4.4% week on week.

Engadget

Microsoft launches cloud-based Office 365

Microsoft has launched Office 365, its cloud-based version of the Office desktop software suite. The subscription fee ranges from $2 for little more than an email service, to $27 per month for the most full-featured offering.

Wall Street Journal

China has over 700,000 3G base stations

China had 714,000 3G base stations as of the end of May, according to statistics from the communications ministry. China Unicom had the most base stations overall, but China Mobile's infrastructure now covers all the nation's cities.

Capital Vue

MPA sues BT to add pirate site to Cleanfeed

The Motion Picture Association has taken BT to court, in a bid to force the UK operator to block access to usenet indexing website Newzbin using Cleanfeed - the system it uses to block access to known child porn sites.

BBC News

Ixia buys performance testing firm Veriwave

IP network testing system provider Ixia will acquire performance testing company VeriWave for an undisclosed sum.

Forbes

Youku to offer pay-per-view movies from WB

Chinese video site Youku has reached a deal with Warner Bros to offer pay per view movies on Youku Premium, its paid content library.

Reuters

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