Amazon explores TV project August 31, 2010 Online retailer Amazon has made a move into television, with the American firm working on a project to provide unlimited shows over the internet for paying subscribers. Reports last night put NBC Universal, Time Warner and Viacom in the frame as potential partners. The new service would compete with firms like Netflix that allow subscribers [...]
WHAT THE OTHER PAPERS SAY THIS MORNING March 28, 2011 FINANCIAL TIMES ICBC HEAD PLAYS DOWN POST-CRISIS LOAN RISK China’s largest bank lent Rmb640bn ($61bn) to local governments in the post-crisis credit boom, but insists these loans do not pose a danger to the country’s banking system. In an interview with the Financial Times, Jiang Jianqing, chairman of Industrial and Commercial Bank of China, the [...]
Asos profit estimated at top end April 13, 2011 online fashion firm ASOS said full year profit was likely to be towards the top end of expectations after a jump in fourth quarter sales. The fast-growing firm said retail sales increased 70 per cent to £93.4m in the three months to 31 March, its fiscal fourth quarter. That compares with a rise of 59 [...]
Amazon set to make £200m buyout tender for LoveFilm September 19, 2010 AMAZON has moved one step closer to muscling in on the UK’s home entertainment industry after putting in an offer to buy out online movie rental service, LoveFilm. It is understood that Amazon, which is currently expanding its business rapidly, has made an approach for LoveFilm, valuing the company at around £200m. In 2008, Amazon [...]
Software for a simpler digital life April 6, 2011 TECH TALK THE problem with the technology revolution is the hours we now spend simply organising our digital existences and inputting the same information. But there are software programmes and apps designed to give us our lives back. Roboform, for example, tackles those time thieves masquerading as online forms. Since so much of life is [...]
Google book plan blocked March 22, 2011 GOOGLE’S plan to publish millions of books online was thrown out by a US court yesterday after the judge said its $125m (£76.4m) a year settlement with authors was invalid. Google had offered to pay writers to settle a class action over copyright infringement, but New York judge Denny Chin said the deal “would simply [...]
EBay is set to splash out $2bn to buy Rue La La owner GSI Commerce March 28, 2011 EBay is set to buy online retailer GSI Commerce for $2bn (£1.25bn). It has offered GSI shareholders $29.25 a share – a massive 51 per cent premium on their pre-bid closing price. GSI shares have since risen more than 50 per cent, while EBay’s have fallen 2.7 per cent. EBay hopes the deal will draw [...]
EBay is set to splash out $2bn to buy Rue La La owner GSI Commerce March 28, 2011 EBay is set to buy online retailer GSI Commerce for $2bn (£1.25bn). It has offered GSI shareholders $29.25 a share – a massive 51 per cent premium on their pre-bid closing price. GSI shares have since risen more than 50 per cent, while EBay’s have fallen 2.7 per cent. EBay hopes the deal will draw [...]
Borders files for bankruptcy February 16, 2011 Bookshop chain Borders has filed for Chapter 11 bankruptcy protection and said it would close about a third of its shops yesterday. Continued sales decline has left its $1.29bn (£800m) debt load unmanageable, while online rivals such as Amazon have cut its market share.
Shareholders at LoveFilm cash in on bid January 20, 2011 LoveFilm shareholders are set to cash in on Amazon’s buyout of the movie rental business, valuing it at £200m. Amazon yesterday announced it will snap up the 58 per cent of LoveFilm it does not already own. City A.M. understands Balderton and Index Ventures both own approximately 10 per cent of the firm, with Arts [...]