Webwire: Yahoo, Alibaba set buyout terms; Pakistan blocks Twitter

Staff writer
21 May 2012
00:00

Yahoo, Alibaba agree to terms of $7b stock sale

Yahoo and Alibaba have finally agreed to terms for the $7 billion sale of half of Yahoo's stake back to the Chinese e-commerce group.

All Things Digital

Pakistan briefly blocks Twitter

The Pakistani government blocked access to Twitter from within the nation for around 12 hours, in retaliation for refusing to remove posts promoting a Facebook competition involving caricatures of the prophet Mohammed.

ABC News

Apple, Samsung CEOs to talk truce today

Apple CEO Tim Cook and Samsung chief Choi Gee-sung will meet today for a court-supervised mediation session, to try to hammer out a settlement in the patent war between the vendors.

Reuters

ZTE admits to security flaw in Score handset

ZTE has confirmed the existence of a security flaw in its Score smartphone sold in the US, which can allow anyone with knowledge of a password available on the internet to gain control of the device.

Technology Spectator

India's TRAI got 4,000 telecom complaints in FY12

Indian telecom regulator TRAI fielded over 4,000 complaints over service quality last financial year. The majority of the complaints were against Bharti Airtel, Vodafone India and Reliance Communications.

Economic Times

Initial Facebook trading disappoints

Facebook stock failed to get the big first-day bump that market watchers had been expecting following the company's $16 billion IPO, leading one financial adviser to dub the process a “Face-flop.”

Reuters

Nokia burning through cash too quickly

Analysts are concerned that Nokia appears to be burning through cash reserves at an unsustainable rate, with some worried that the company could have completely depleted its cash buffer next year.

IFR

Wales' Monmouth is first “Wikipedia town”

The Welsh town of Monmouth has become the world's first “Wikipedia town,” deploying barcodes at landmarks that when scanned through a mobile phone bring up the landmarks' respective pages on the online encyclopaedia.

Associated Press

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