Webwire: Yahoo may plan Asia sell-down; BT, UK Met to fight copper theft
December 22, 2011
Two sources say Yahoo is considering selling its entire stake in Yahoo Japan, and reducing its stake in Chinese web group Alibaba to 15%, from 40% at present.
Representatives from UK operator BT and the nation's Metropolitan Police have formed a new taskforce to tackle the growing problem of copper and other metal theft, which police say costs UK taxpayers £700 million ($1.07 billion) per year.
Shares in RIM spiked more than 10% yesterday, on the strength of rumors that companies including Nokia, Amazon and Microsoft may be interested in buying out the troubled BlackBerry maker.
The US government has removed Chinese search engine Baidu from a list of more than 30 online and physical strorefronts accused of being “notorious markets” that help fuel piracy, due to the company's agreement in July to pay music labels to offer songs through its music services.
Sony has been hit with a class-action lawsuit in California, USA, for requiring US members of the PlayStation Network to agree by default not to submit class-action lawsuits against the company.
Microsoft has won a victory in a patent lawsuit it lodged against Motorola Mobility – but only for one of seven patent infringements the company had claimed in the suit.
An unknown applicant has bought web domain vatican.xxx, according to a Vatican spokesperson, possibly foiling plans for the Church to buy up the domain to prevent future misuse.
First revenue drop in 13 years signals that smartphones and tablets are reaching market maturity