Nerval's Lobster writes "Yahoo has agreed to acquire Tumblr for $1.1 billion. As you know, Yahoo is a major corporation with a need to monetize its assets in a way that makes its shareholders happy, leaving open the question of whether it'll alter Tumblr's DNA in order to make the latter more of a significant cash generator. But at least for the moment, Yahoo seems content to leave its new property alone. 'Per the agreement and our promise not to screw it up, Tumblr will be independently operated as a separate business,' read the company's press release. 'The product, service and brand will continue to be defined and developed separately with the same Tumblr irreverence, wit, and commitment to empower creators.' Tumblr CEO David Karp, who has been known to make some very anti-advertising comments in the past, will remain in place. Even so, anyone who likes Tumblr may have some cause for concern, because Yahoo has a history of making high-profile acquisitions that subsequently implode. Back in 1999, for example, it paid over $3 billion for GeoCities, another blogging network that it eventually shut down after years of failing the update the property. In 2005, it acquired popular photo-sharing Website Flickr, which it likewise allowed to languish and die. That same year it bought Delicious, a popular Webpage-bookmarking site, and did exactly nothing with it. So when Yahoo starts off its Tumblr press release with a promise not to screw things up, it's a self-deprecating nod toward all that history. New Yahoo CEO Marissa Mayer has been on a bit of a buying spree of late, snatching up startups such as Summly in an attempt to make her company 'cool' and relevant."

TechCrunch reports that Yahoo's string of acquisitions may soon include Tumblr: "The Wall Street Journal is now reporting via Twitter that the rumored $1.1 billion cash acquisition deal for social blogging site Tumblr has been approved by Yahoo’s board of directors. The Tumblr acquisition was rumored last week, with a price tag reportedly north of $1 billion, which appears to be accurate if the WSJ’s sources are correct." The article notes, too, that "Yahoo had only $1.2 billion cash on hand as of its most recent quarterly earnings, which makes an all-cash offer for Tumblr a lot more of a stretch than it would be for someone like Apple, or even Facebook, which acquired Instagram for $1 billion in a mix of both cash and stock."

girlmad writes "Despite moves by government to get Google, Amazon and Apple to admit they make sales in the UK and US, and therefore should pay tax on these earnings, this article argues these are empty threats and that any taxes paid will get returned to the tech giants in government grants and subsidies. Tough luck to the small firms out there."

Madwand writes "The NetBSD Project is pleased to announce NetBSD 6.1, the first feature update of the NetBSD 6 release branch. It represents a selected subset of fixes deemed important for security or stability reasons, as well as new features and enhancements. NetBSD is a free, fast, secure, and highly portable Unix-like Open Source operating system. It is available for a wide range of platforms, from large-scale servers and powerful desktop systems to handheld and embedded devices. Its clean design and advanced features make it excellent for use in both production and research environments, and the source code is freely available under a business-friendly license. NetBSD is developed and supported by a large and vibrant international community. Many applications are readily available through pkgsrc, the NetBSD Packages Collection."

An anonymous reader writes "Having entered my personal details (full real name, home address) to websites with an 'https://' prefix in order to purchase goods, I am still being sent emails from companies (or their agents) which include, in plain text, those same details I have entered over a secure connection. These are often companies which are very keen to tell you how much they value your privacy and how they will not pass your details on to third parties. What recourse does one have to tell them to desist from such behaviour whilst still doing business with them if their products are otherwise desirable? I email the relevant IT team as a matter of course to tell them it's not appropriate (mostly to no avail), but is there any legislation — in any territory — which addresses this?"

LeadSongDog writes "The Globe and Mail is reporting that the 'Pebble' smartwatch has matched the $15M record for Kickstarter funding after initially being panned by the VC crowd." One advantage that the Pebble has over rumored watches from big names like Google and Apple is existing.

leathered writes "The BBC reports that some customers of UK retailer Marks and Spencer have reported that the store's contactless payment terminals have debited their cards despite being in their bags or pockets, sometimes paying twice when they have used another payment method. The cards are supposed to work only when the card comes within 4cm of the terminal. Customers of fast-food chain Pret a Manger have been reporting similar problems, and in both cases cited the customers weren't even aware they had been issued with NFC-enabled cards by their bank."

Blug_fred writes "For the second edition, today is the time to celebrate Culture Freedom Day. While not as popular as HFD or SFD, celebrating Free Culture involves finding Free Culture artists, inviting them to your place and having them perform, display or talk about what their creation(s). Of course you can always simply project a couple of Free Culture movies and launch a discussion about their business models. Either way you can find all the happening for today here on the map and we sincerely hope there will be something of interest near you."

mcleland writes "The BBC reports that Nintendo is now using the content ID match feature in YouTube to identify screencap videos of people playing their games. They then take over the advertising that appears with the video, and thus the ad revenue. Nintendo gets it all, and the creators of these videos (which are like extended fan-made commercials for the games) get nothing. Corporate gibberish to justify this: 'In a statement, the firm said the move was part of an "on-going push to ensure Nintendo content is shared across social media."'"

alancronin sends this excerpt from ZDNet: "... the trend that brutally undercut BlackBerry phones during the past five years — the 'bring your own device' movement — is now driving significant sales of BlackBerry Enterprise Service (BES), the company's backend software. 'Our customers have been asking, "Can you just take what you've done on BlackBerry and put it on iOS and Android?"' said Pete Devenyi, BlackBerry's SVP of Enterprise Software. ... Secure Work Space will be an app in the Apple App Store and Google Play, pending approval from Apple and Google, respectively. It will include secure email, calendar, contacts, tasks, and document editing. It won't allow data leakage including copy and paste between Secure Work Space and the rest of the device. IT will be able to remotely wipe everything in the Secure Work Space without affecting any of the other apps or data on the person's device, in a BYOD scenario."

alphadogg writes "A data center in Sweden has cut its energy bills by a million dollars a year using seawater to cool its servers, though jellyfish are an occasional hazard. Interxion, a collocation company in the Netherlands that rents data center space in 11 countries, uses water pumped from the Baltic Sea to cool the IT equipment at its facilities in Stockholm. The energy used to cool IT equipment is one of the costliest areas of running a data center. Companies have traditionally used big, mechanical chillers, but some are turning to outside air and evaporative techniques as lower-cost alternatives."

itwbennett writes "Today's CIOs speak business-buzzwords as a second language. And there's a good reason for that. There is a trend among CIOs to distance themselves from being regarded as technologists and to put themselves forward as business strategists. It boils down to one simple rule: Just as you should never be the first to mention compensation in the interview process, you should never be the first to break out the tech jargon in a business setting."

kenekaplan writes "In an interview with The Atlantic before stepping down as CEO of Intel, Paul Otellini reflects on his decision not to make a chip for the then yet released iPhone. 'The lesson I took away from that was, while we like to speak with data around here, so many times in my career I've ended up making decisions with my gut, and I should have followed my gut,' he said. 'My gut told me to say yes.'"

Newegg's policy of not backing down from patent trolls, even ones as large as Alcatel-Lucent, continues to result in victory. Earlier this year, Overstock and Newegg successfully defended themselves with a jury invalidating Alcatel-Lucent's main patent used to force companies as large as Amazon to settle. Naturally, Alcatel-Lucent appealed, but the appeals court quickly ruled in favor of Newegg and Overstock.com. From Ars: "Federal Circuit judges typically take months, and occasionally years, to review the patent appeals that come before them. Briefs in this case were submitted last year, and oral arguments were held last Friday, May 10. The three-judge panel upheld Newegg's win (PDF), without comment — in just three days. ... Alcatel-Lucent dropped the case over its other two patents, desperate to get back the '131 patent that Newegg and Overstock had killed at trial. 'If they had been able to revive this patent, the litigation machine would have continued on,' Reines told Reuters after the win."

davecb writes "The Canadian Intellectual Property Office (CIPO) has recently published two notices for patent examiners relating to patent interpretation, and in particular computer-related/business method type patents saying: 'for example, what appears on its face to be a claim for an "art" or a "process" may, on a proper construction, be a claim for a mathematical formula and therefore not patentable subject matter.'"

An anonymous reader writes "Back in April 2012, the U.S. Justice Department filed an antitrust lawsuit against Apple and a number of publishers for allegedly colluding to raise the price of e-books on the iBookstore. As part of its investigation into Apple's actions, the Justice Department collected evidence which it claims demonstrates that Apple was the 'ringmaster' in a price fixing conspiracy. Specifically, the Justice Department claims that Apple wielded its power in the mobile app market to coerce publishers to agree to Apple's terms for iBookstore pricing."

Nerval's Lobster writes "The United States with its H-1B controversy isn't the only country going through that sort of immigration upheaval. As the cult of entrepreneurship spirals upward in Europe, the intricate vagaries of immigration policy on the continent are being newly scrutinized by our company-building classes. Freshly venture-backed European Internet companies want talent, and they are going to remarkable lengths to get it — but not always legally. Milo Yiannopoulos talked to whole bunch of entrepreneurs and investors in Europe about the fudges, shortcuts, workarounds and, in some cases, 'strategic decision-making' are — just about — getting their companies the talent they need. For example, one well-known Parisian venture capitalist told Milo that he knows of 'at least nine' startups in France employing developers illegally, keeping them off the books not only to avoid France's notoriously onerous labor laws but also because it would have been impossible, or simply too expensive, to import them officially."

An anonymous reader writes "In their ongoing battle against websites said to infringe music copyrights, record labels have initiated a fresh wave of actions aimed at forcing UK ISPs to carry out domain blocking. This third wave is set to be the biggest so far, affecting as many as 25 domains and including some of the world's largest torrent sites and file-hosting search engines. Furthermore, the BPI – the entity coordinating the action – will ask courts to block U.S.-based music streaming operation, Grooveshark."

msm1267 writes "There are a lot of echoes of the disclosure debate in the current discussions about vulnerability exploit sales. The commercial exploit market has developed relatively quickly, at least the public portion of it. Researchers have been selling vulnerabilities to a variety of buyers – government agencies, contractors, other researchers and third-party brokers – for years. But it was done mostly under cover of darkness. Now, although the transactions themselves are still private, the fact that they're happening, and who's buying (and in some cases, selling) is out in the open. As with the disclosure debate, there are intelligent people lining up on both sides of the aisle and the discussion is generating an unprecedented level of malice."

theodp writes "Last summer, unspecified voice problems caused Google CEO Larry Page to miss Google's Annual Shareholder Meeting, the I/O conference, and a quarterly earnings call. Now, Page has come forward and revealed that he suffers from partial paralysis of each of his vocal chords, an 'extremely rare' condition. Not unlike what Sergey Brin and his wife are doing with Parkinson's research, Page and his wife will be funding and overseeing 'a significant research program' led by Dr. Steven Zeitels of Harvard Medical School."