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Monday, August 27, 2012

Top Stories of the Day // August 27, 2012

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Today's Top Stories // Aug 27, 2012

When Your Seed Round Is A Party, Few People Have Fun

Social proof is the meanest mofo in the Valley. Second tier VCs want to be in the same rounds as first tier VCs and third tier VCs want to get in on the deals... read more

Here Comes Passbook: Latest Leak Points To NFC-Equipped Next-Gen iPhone

The next iPhone has already leaked out in almost every way, shape and form, yet new images continue to surface. This time, we're allegedly seeing the most... read more

Apple Stock Opens At Record High Of $680 At A $637B Market Cap After Samsung Patent Win

Hear that? It's the sound of corks popping as Apple's stock price rockets to new highs. Following Apple's landmark victory against Samsung late Friday night,... read more

Confirmed: IAC Has Bought About.com From The New York Times For $300M In Cash

Update: The news has now been confirmed. The $300 million acquisition price includes About.com, ConsumerSearch.com and CalorieCount.com and the deal will close... read more

Taking A Big Hit On Design, Samsung Doubles Down On Chips, Puts $974M Into ASML

Samsung Electronics has been knocked hard on mobile phone design innovation in the last few days, but in what might be a spectacular display of diversionary... read more

VMware Not Cloud Leader — Next Generation Providers Filling Gaps, Creating New Categories

VMware will spend this week seeking to convince us that it will take the mantle as the cloud leader. But the reality is something far different as we head into... read more

Take-Out Wars Heat Up: Delivery Hero Raises Further $50M To Race Just-Eat To Global Domination

Delivery Hero, the online take-out ordering service founded by startup factory Team Europe, has raised a hefty $50 million Series D led by Kite Ventures, a... read more

IBM Buys Social HR And Talent Management Software Company Kenexa For $1.3B In Cash

IBM has scooped up talent management and HR software maker Kenexa. The price? A hefty $1.3 billion, or $46.00 per share in cash.... read more

$1.1B Microsoft Patent Deal Done, AOL Buys Back $600M In Stock, Offers Dividend Of $5.15 Per Share [CEO Memo]

Here's a timely story on how other companies not called Apple are also profiting from tech patents. Today AOL announced a share repurchase of $600 million in... read more

Google Nexus 7 Is Now Available in France, Germany And Spain

The Nexus 7 is now available on the Google Play store in France, Germany and Spain. The 8GB and 16GB models are both available for €199 and €249... read more

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