Business Tech

Active Network to Sell for $904.8 Million

Active Network, a provider of cloud-based services, is being taken private for about $14.50 per share by Vista Equity Partners, a private equity firm.


Carlyle Buys HTC's Stake in Beats Electronics

Carlyle Group is buying out HTC's interest in Beats Electronics, the parent company of the Beats by Dr. Dre line of high-end headphones.


BlackBerry Posts Huge Q2 Loss

Canadian smartphone pioneer BlackBerry said Friday it lost $965 million in its fiscal second quarter on revenue that fell shy of the $3 billion analysts had expected.


Sprint Corp. CFO Echoes Merger Message

Sprint Corp.'s chief financial officer favors having three big wireless carriers instead of four, seeming to echo comments made Wednesday by his counterpart at T-Mobile.


eBay Says It Doesn't Share with NSA

Online retail platform eBay says it doesn't share data it collects on its customers with the U.S. National Security Agency.


Fairfax to Complete BlackBerry Bid

The head of Fairfax Financial Holdings Ltd. said Wednesday he has every intention of completing the acquisition of BlackBerry, despite doubts that the $4.7 billion deal for the troubled smartphone maker will go through.


BlackBerry Shares Still Dropping

BlackBerry shares dropped another six percent Wednesday as investors weighed the likelihood of a highly conditional takeover offer from Fairfax Financial, one of BlackBerry's largest shareholders.


Apple Sells 9 Million New iPhone Models in First 3 Days

Apple sold 9 million iPhone 5s and iPhone 5c models in the first three days after their launch, exceeding initial supplies and far outpacing iPhone 5 figures from last September.


BlackBerry on Sale for $9 a Share

BlackBerry has agreed to sell itself for $4.7 billion to a group led by largest shareholder, Fairfax Financial Holdings Ltd.


BlackBerry Announces Huge Loss, Massive Layoff

BlackBerry expects to post a $1 billion loss for the second financial quarter of the year and confirmed rumors that it will lay off about 4,500 workers.


Nokia Holds Off on Phablet Launch

Nokia has delayed the launch of a large-screen phablet device following a deal to sell its handset business to Microsoft, a source told Reuters.


Slacker Radio Releases iOS 7 App

Slacker Radio has released "My Vibe," a new mobile app for iOS7 to help listeners find the perfect music for any moment.


Microsoft Launches New Repurchase Plan, Ups Dividend

U.S. technology giant Microsoft said Tuesday it would launch a $40 billion stock repurchasing plan to replace a $40 billion program set to end Sept. 30.


Forbes 400: Bill Gates World's Richest Again

Bill Gates edged out Carlos Slim to retake the top slot as the world's richest human being.


Tencent, Sohu.com Sign Investment Deal

A subsidiary of Sohu.com has reached a deal with a rival company that could boost its position on the Chinese Internet.


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