Facebook Inc. investors who pushed the company’s shares to a record after it unveiled the $19 billion deal for WhatsApp Inc. would be well served to remember -- every Internet takeover of more than $10 billion has flopped.
Nintendo Co. is ignoring “compelling evidence” that “Super Mario” and its other video games would sell on smartphones and tablets, according to a Hong Kong hedge-fund manager who urged the company to shift gears.
After Facebook announced last week that it's buying WhatsApp for $19 billion, a competing messaging application backed by Pavel Durov, creator of Russia's largest social network, saw the number of people signing up to use the service skyrocket.
Facing slower demand for its smartphones, Samsung Electronics plans to release a new device with a larger 5.2-inch screen and sharper display than the current Galaxy S4, according to a person with knowledge of the matter.
In Russia, people don't Google it -- they Yandex it. And as users there increasingly switch to mobile devices to surf the Web, the country's local search engine wants to make sure it holds onto its lead in an Android world.