Webwire: Youku buys Tudou; MS ramps up cloud push

Staff writer
13 Mar 2012

Youku buying Tudou for over $1b in stock

Chinese online video giant Youku is acquiring chief rival Tudou in exchange for over $1 billion in stock. The merged company will have over a third of the Chinese web video market.


MS ramps up cloud push

Microsoft is expanding its push into the cloud services market, by moving its Dynamics enterprise resource planning software into the cloud.


Twitter buys blog site Posterous

Twitter has acquired blog site operator Posterous for an undisclosed sum. The company plans to keep Posterous Spaces operating as usual for now.


IBM poised for growth: new CEO

IBM's new CEO has told shareholders that the company is well positioned for long-term growth due to the rapid explosion of data, and is targeting growth markets such as the cloud and business analytics.

International Business Times

Icann must address conflicts of interest: CEO

Icann's outgoing CEO, Rod Beckstrom, has told the internet overseer's board that it must strengthen rules governing conflicts of interest among directors, including disclosing commercial and financial interests.


TeliaSonera has 100,000 Nordic LTE subs

TeliaSonera now has around 100,000 LTE customers in the Nordic region, placing it ahead of rivals such as Telenor and Tele2. In 2009, TeliaSonera became the world's first operator to launch commercial LTE services.


Telecom NZ signs fiber pact with Enable

Telecom NZ will be able to offer fiber services in the New Zealand city of Christchurch, thanks to an agreement with Enable Networks, its partner in the nation's Ultrafast Broadband project.

National Business Review

Homeless Hotspot project draws controversy

A division of an advertising agency has stirred controversy by equipping 13 homeless people with portable Wi-Fi hotspots, and asking the public to pay them for internet access. The agency says it is trying to raise awareness about the homeless, but some have derided the project as exploitative.

BBC News

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