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Tiger Global invests $50 million in Automattic's WordPress.com

By Sarah McBride SAN FRANCISCO (Reuters) - Automattic, the company that operates blogging service WordPress.com, announced a $50 million investment from hedge fund and private-equity investor Tiger Global on Friday. The investment comes on the heels of Yahoo's $1.1 billion acquisition of blogging company Tumblr, showing the high prices fast-growing services that targeting Internet users can command. The valuation for Automattic was similar, Fortune reported. A spokeswoman for WordPress declined to comment. WordPress powers the blogs at companies such as CNN. ...

Google to bankroll, build wireless networks across Africa: WSJ

(Reuters) - Google Inc intends to finance, build and help operate wireless networks from sub-Saharan Africa to Southeast Asia, hoping to connect a billion or so people in emerging countries to the Internet, the Wall Street Journal reported on Friday. The Internet search giant - which has for years espoused universal Web access - is employing a patchwork quilt of technologies and holding discussions with regulators from South Africa to Kenya, the WSJ cited people familiar with the strategy as saying. ...

Microsoft and Google partner to bring YouTube app back to Windows Phone

Both Google and Microsoft think it’d be a shame to deny Windows Phone users the glory of Keyboard Cat videos, which is why the two companies have agreed to team up and jointly create a native YouTube app for Microsoft’s mobile platform. The Next Web reports that the companies released a joint statement today saying that they “are working together to update the new YouTube for Windows Phone app to enable compliance with YouTube’s API terms of service, including enabling ads, in the coming weeks.” Once they finish the new app, Microsoft will remove the YouTube app it created from the Windows Phone store. The two companies’ decision to collaborate on a new app comes just a week after Google

Kiss and make up: Microsoft and Google partner for Windows Phone YouTube app

Both Google and Microsoft think it’d be a shame to deny Windows Phone users the glory of Keyboard Cat videos, which is why the two companies have agreed to team up and jointly create a native YouTube app for Microsoft’s mobile platform. The Next Web reports that the companies released a joint statement today saying that they “are working together to update the new YouTube for Windows Phone app to enable compliance with YouTube’s API terms of service, including enabling ads, in the coming weeks.” Once they finish the new app, Microsoft will remove the YouTube app it created from the Windows Phone store. The two companies’ decision to collaborate on a new app comes just a week after Google

Schumer urges look at security in Sprint deal

NEW YORK (AP) — Sen. Charles Schumer urged regulators to "use extreme caution" when reviewing the proposed acquisition of No. 3 cell carrier Sprint Nextel by Japan's Softbank, saying the Japanese company's use of Chinese networking equipment could open up U.S. networks to snooping and hacking.

Microsoft vows Xbox One won’t be struck by ‘red ring of death’

One of the most common problems that annoyed early Xbox 360 adopters was the appearance of the “red ring of death,” a flashing red light on the console’s start button indicating that its hardware was essentially fried and would need to be sent to Microsoft to be replaced. But Microsoft Game Studios vice president Phil Spencer tells Edge that the company has learned its lessons and that the new Xbox One will not experience hardware failures on a mass scale like the Xbox 360 did. In particular, Spencer noted that Microsoft’s success rate on the more recently released Xbox 360 Slim was “very high” and said that the same team behind the Slim also built the Xbox One, so chances are very good that the

Netflix looks to hook subscribers with 'Arrested'

SAN FRANCISCO (AP) — Netflix is hoping this weekend's release of the resurrected TV series "Arrested Development" will draw more subscribers to its Internet video service.

A look at Netflix since stock plunged from peak

Here's a look at Netflix since its stock peaked in July 2011 at nearly $305. Netflix had just announced an unpopular price increase in the U.S., and investors got worried by the intensity of the customer backlash. Even after subscriber complaints subsided, investors remained concerned about intensifying competition at the same time the company is spending more to acquire Internet content and expand abroad. Despite those concerns, Netflix has been staging a comeback. Another boost is expected from Sunday's revival of the "Arrested Development" TV series.

WSJ: Google developing wireless networks to boost Internet access in Africa, Asia

It is no secret that Google would like to be a wireless carrier. The company has long been rumored to be eyeing various partnerships to launch its own wireless network as soon as this year. The Wall Street Journal is now reporting that Google is looking to fund, build and help run wireless networks in emerging markets in Africa and Southeast Asia. The company is said to be interested in connecting people to the Internet who live outside of major cities, while at the same time improving speed in urban locations. Google will reportedly create the business model to support the networks in collaboration with local companies. Google is said to be trying to win over regulators to launch its

Yahoo joins growing list of bidders for Hulu: sources

By Ronald Grover and Greg Roumeliotis LOS ANGELES/NEW YORK (Reuters) - Yahoo Inc has submitted a formal proposal to buy Hulu, joining a growing list of bidders for the video service owned by News Corp and Walt Disney Co, two sources with knowledge of the bid told Reuters on Friday. Yahoo just this week announced a $1.1 billion acquisition of blogging service Tumblr. It now joins rival bidders for Hulu, including Time Warner Cable Inc, DirecTV, former News Corp president Peter Chernin and Guggenheim Digital Media, sources have said. It is unclear how much the Internet company bid. ...