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Technology Report: Wall Street sees sense in Facebook's $19 billion WhatsApp purchase

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02/20/2014
Reuters Election 2012 Daily round-up of the day's top news from the campaign trail, the White House and all the politics in between
Wall Street sees sense in Facebook's $19 billion WhatsApp purchase
(Reuters) - Facebook Inc's purchase of fast-growing messaging startup WhatsApp for an eye-popping $19 billion largely won approval from analysts, who said the deal made strategic sense as it will solidify the social network's position as a leader in mobile.
U.S. takes steps to bolster patent system, cut frivolous lawsuits
WASHINGTON (Reuters) - The White House announced steps on Thursday designed to reduce frivolous patent lawsuits by trying to make it easier to identify who owns patents and by updating review processes to ensure that fewer weak patents are granted.
BlackBerry shares set to jump on Facebook's WhatsApp bid
TORONTO (Reuters) - Facebook Inc's $19 billion bid for fast-growing mobile-messaging startup WhatsApp sent shares of BlackBerry Ltd higher before the opening bell on Thursday as investors placed bets that the smartphone maker's own messaging platform has been undervalued.
Pentagon working to share reserved airwaves with industry -officials
WASHINGTON (Reuters) - The Pentagon said on Thursday it was working to find ways to share more of its reserved airwaves with commercial wireless companies that need greater bandwidth for smartphone and tablet users, but it declined to elaborate on how much it might vacate.
Nokia considers buying Juniper to expand network unit - report
FRANKFURT/HELSINKI (Reuters) - Finland's Nokia is considering buying U.S.-based Juniper Networks to merge into its telecommunications network gear business, German's Manager Magazin Online reported, citing unidentified sources.
Tesla CEO confirms talks with Apple - Bloomberg TV
DETROIT (Reuters) - Tesla Motors Inc has had "conversations" with Apple Inc, Chief Executive Elon Musk confirmed to Bloomberg TV on Thursday, but he would not comment on whether those talks revolved around acquisitions.
Intuit post quarterly loss due to delayed U.S. tax filing
(Reuters) - Intuit Inc, maker of tax-preparation software TurboTax, reported a second-quarter loss due to a delayed start to the U.S. tax-filing season.
Facebook to buy WhatsApp for $19 billion in deal shocker
(Reuters) - Facebook Inc will buy fast-growing mobile-messaging startup WhatsApp for $19 billion in cash and stock in a landmark deal that places the world's largest social network closer to the heart of mobile communications and may bring younger users into the fold.
P&G's smart toothbrush keeps tabs on tooth care
LONDON (Reuters) - Procter & Gamble Co is bringing the dentist into the bathroom with the world's first smartphone-connected toothbrush, a device that gives personalized advice to help people improve their brushing.
Google Ventures invests in Atlanta startup Ionic Security
BOSTON (Reuters) - Google Inc's Google Ventures co-led a $25.5 million investment in Ionic Security Inc, an Atlanta-based startup developing technology to protect corporate data on mobile devices and in the cloud.
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