NEW YORK (
shares increased 0.5% in pre-market trading Wednesday to $128 after the cloud computing giant announced it had acquired social media monitoring company
for about $340 million in cash and stock.
Radian6 captures what is being said about businesses and products across websites like
is said to be in talks with online music video network
about potentially acquiring struggling social network
, according to
. As part of the deal, News Corp would exchange MySpace for a stake in a new venture, the report said.
Shares of News Corp rose 1.3% in pre-market trading Wednesday to $17.49.
The global smartphone market is expected to grow almost 50% this year, as mobile users upgrade from feature phones, market research firm IDC said in a new report Tuesday.
Android operating system is poised to become the most popular platform with almost 40% market share, followed by
Google shares increased 0.4% to $584 in pre-market trading Wednesday, while Nokia shares slipped 0.4% to $8.65.
Meg Whitman, the former
exec and California gubernatorial candidate, has joined top Silicon Valley venture firm Kleiner Perkins Caufield & Byers as a part-time strategic advisor. Whitman will advise entrepreneurs and help evaluate new digital investments, the firm said.
Local Offer Network
, which provides technology and services to the group buying industry, has raised $1.5 million in Series A funding led by investors IllinoisVentures and Matthew Pritzker Company. Founded in early 2010, the company aggregates more than 2,000 daily deal offers from websites in 97 markets worldwide.
--Written by Olivia Oran in New York.
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