Basic Materials

Apple Loses Another Copyright Lawsuit in China

A Chinese court has fined Apple Inc 1 million yuan ($160,400) for hosting third-party applications on its App Store that were selling pirated electronic books, the official Xinhua news agency reported on Friday.

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News Corp Zooming in on Minority Stake in New York’s YES Network

Even as Goldman Sachs Group and Providence Equity Partners plan their exit from New York Yankees' regional sports network YES, Rupert Murdoch's News Corp is reportedly working toward picking up a minority stake in the network.

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Australia's Nine Media Company Agrees to Debt/Equity Swap, CVC Loses $1.8 Billion in Asia's Largest-Ever Single Deal Private Equity Loss

After months of negotiations, Australia's Nine Entertainment television network, one of the country's biggest and best known, has agreed to swap more than $3 billion in debt for equity, Reuters reported Wednesday.

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Google, Apple, Move Over, Smaller Platform-Neutral Companies Cutting into Mobile Ad Market

Millennial Media, a six-year old independent company ranked No. 2 last year in mobile advertising sales in the United States, Reuters reported today. Its customers included 75 of the top 100 Ad Age advertisers.

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Billionaire Larry Ellison Rumored to Bid on AEG Sports and Entertainment Empire

The third richest man in America and the sixth richest billionaire in the world, Oracle founder and CEO Larry Ellison, is interested in bidding on the Anschutz Entertainment Group (AEG) sports and entertainment empire, Reuters reported this morning based on two inside sources.

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Lawsuits Against Facebook to Be Tried in NY

A seven judge panel ruled on Thursday that 41 lawsuits filed in California, Florida and New York against Facebook, NASDAQ and underwriters connected to the social media's IPO in May be heard in New York, Bloomberg reported.

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Exclusive: Get cable owners seek 1 billion euro sale - sources

Cable groups Get and Multimedia Polska are going on the block with a combined pricetag of more than 1.7 billion euros

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News Corp in $2 billion Australia pay-TV bid; Packer cashes up

Rupert Murdoch's News Corp (NWSA.O) made a $2 billion takeover offer for Australia's Consolidated Media Holdings (CMJ.AX) on Wednesday.

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Soros gets green light for Brazilian telecom buy

Billionaire investor George Soros has received regulatory approval to enter the Brazilian telecom fray.

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All eyes on Facebook stocks

Today is the debut of Facebook on Nasdaq, despite the hype before Friday, the price fell back to IPO price in the end.

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Ensequence Secures $26 Million to Help Accelerate the Future of TV

This funding round was led by Myrian Capital, a venture and capital management firm chaired by Mike Mathile and affiliated with the Mathile family.

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Penta, Eastbridge to hold 74 pct of EM&F after tender

Czech private equity group Penta Investments and Luxembourg-based Eastbridge Group will together hold 74 percent of Polish retailer Empik Media & Fashion after a public tender.

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Penta, Eastbridge up bid for EM&F again to $136 mln

Czech private equity group Penta Investments and investment fund Eastbridge raised their joint bid for Polish retailer Empik Media & Fashion (EM&F) to 10.45 zlotys per share.

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Newsweek Expands Asian Presence with TStone Corp Partnership

The Newsweek/DailyBeast Company LLC and TStone Corp. are entering into a joint venture in Asia.

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Artify It Secures Key Investments to Launch a New Platform to Transform Today's Art Ecosystem

Artify It, a San Francisco-based start-up, today is unveiling a new service offering that harnesses technology and a subscription-based model to provide artists, businesses and consumers fresh ways to experience high-quality, contemporary art.

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