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Wednesday, March 12, 2014

Technology Report: 'Candy Crush' maker sees up to $7.6 billion IPO valuation

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03/12/2014
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'Candy Crush' maker sees up to $7.6 billion IPO valuation
(Reuters) - King Digital Entertainment Plc, maker of hit mobile phone game "Candy Crush Saga", expects to be worth up to $7.6 billion when it goes public this month in the United States, amid concerns about its over reliance on the game.
Web founder Berners-Lee calls for online 'Magna Carta' to protect users
LONDON (Reuters) - The inventor of the world wide web, Tim Berners-Lee, called on Wednesday for bill of rights to protect freedom of speech on the Internet and users' rights after leaks about government surveillance of online activity.
Vivendi hunts for the right telecom exit
PARIS (Reuters) - The traditional shoppers' warning is caveat emptor, or "buyer beware". When Vivendi's board meets on Friday to choose between two bids for its French telecom unit SFR, "seller beware" may be more appropriate.
Alibaba buys ChinaVision stake for $804 million; gains TV, movie content
HONG KONG (Reuters) - China's largest e-commerce company Alibaba Group Holding has agreed to buy a controlling stake in ChinaVision Media Group Ltd for $804 million, giving it access to TV and movie content as competition in the world's biggest Internet market becomes increasingly cutthroat.
Facebook's San Francisco-area HQ secured after threat made: police
(Reuters) - Police searched and secured the headquarters of social media giant Facebook Inc on Tuesday evening after receiving a threat against the company, which San Francisco-area authorities said turned out to be "totally not credible".
U.S. judge freezes assets of Mt. Gox bitcoin exchange boss
(Reuters) - A U.S. federal judge on Tuesday temporarily froze the U.S. assets of Mt. Gox chief Mark Karpeles and allowed alleged victims of the shuttered bitcoin exchange to demand evidence of what they claim is a massive fraud.
'The Walking Dead' game maker raises $6 million in funding round
HELSINKI (Reuters) - Finnish start-up Next Games has raised $6 million in funding in the latest of several venture capital investments in the Nordic country's booming mobile games industry, the company said on Wednesday.
Microsoft appoints activist investor Mason Morfit to board
SEATTLE (Reuters) - Microsoft Corp said on Tuesday it appointed Mason Morfit, president of activist investor ValueAct Capital, as a board member.
U.S. swaps watchdog says considering bitcoin regulation
Boca Raton, Florida (Reuters) - The U.S. derivatives regulator is studying whether it should regulate electronic currencies such as bitcoin, its chief said on Tuesday, as regulators across the globe start taking the emerging technology more seriously.
SoftBank CEO says Sprint could shake up U.S. 'oligopoly'
WASHINGTON (Reuters) - The chief executive officer of Japan's SoftBank Corp on Tuesday called the U.S. wireless market an oligopoly plagued by slow speeds and high prices and said his company's Sprint Corp could shake up the competition, but it would require a scale that Sprint cannot reach alone.
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