PayPal is shuttering the doors of backend-as-a-service provider StackMob two months after it was purchased. StackMob's clients have until March 31 to transfer their data, VentureBeat reported.
Firm Management
Google to house startups in San Francisco's Mission district
Google has leased a former printworks site in the Mission district in San Francisco as part of its strategy to get tech engineers who don't want to commute to Silicon Valley to its team, the Financial Times reported.
Apple to sell iPhone 5s at $1,169 in first Latin America store
Apple will be offering a no-contract iPhone 5s for $1,169 when it debuts its first store in Latin America, marking the most expensive price for its iPhones, Bloomberg reported.
Japan's Rakuten purchases Viber for $900 million
Rakuten said it will purchase messaging application Viber for $900 million, marking the latest and largest acquisition of the biggest internet company in Japan, TechCrunch reported.
Rackspace Hosting Inc's co-founder meets investors to calm nerves
Rackspace Hosting Inc's Co-Founder Graham Weston flew to San Francisco to meet with investors and reassure them about the state of the company after its CEO announced his abrupt retirement, Bloomberg reported.
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The Walt Disney Company is launching its own Disney Accelerator powered by Techstars to incubate early stage companies possessing unique ideas about products in the consumer media and entertainment segment, TechCrunch reported.
Apple Inc is in talks with Time Warner Cable and other content partners for a faster TV set-top box with a new user-interface that could be revealed as soon as April, Bloomberg cited sources familiar with the matter as saying.
Microsoft is taking various steps that highlight it is seriously trying to get into the Internet of things, according to a VentureBeat report that took clues from a ZDNet report and other moves taken by the company.
PayPal President David Marcus berated employees in its headquarters in San Jose, California for not patronizing their own products, telling them to quit if they insist on doing so, VentureBeat reported.
Sydney, Australia-based online travel booking service Rezdy pocketed $1 million in a recent funding round from both new and existing investors to establish a new office in San Francisco, US.
Former LA Galaxy soccer star David Beckham reportedly sought help from Qatar Sports Investment (QSI) in funding his new Major League Soccer (MLS) franchise to be established in Miami, Florida.
Skopos Financial, LLC, an indirect, national subprime auto finance company, today announced it has grown its base of franchise dealer partners by more than 120 percent. The company has also increased its presence across the United States with the addition of seven new states where the lender is doing business. These states include Indiana, Tennessee, Ohio, Colorado, South Carolina, Alabama and Illinois.
Private equity giant KKR will be withdrawing two funds targeted for individual investors, a move that is seen as a blow to its efforts to grow its product offerings beyond institutional investors, Reuters reported.
The "Technology and Internet Conference" of Goldman Sachs will be launched on Tuesday, February 11, 2014 with the best companies from the public and private sector as its attendees, TechCrunch reported.
