Webwire: Google falls short in 4Q; EC stalls Google, Moto decision
Staff writer |
January 20, 2012
Google missed analysts' expectations with its fourth quarter results, despite growing profit 6.4% to $2.71 billion (€2 billion) from record revenue of $10.58 billion.
The European Commission has extended the deadline for deciding whether to clear Google’s acquisition of Motorola Mobility from Jan 10 to Feb 13, after calling for more details supporting the deal.
Angry Birds developer Rovio will not conduct an IPO this year, but does plan a listing in Hong Kong or New York in the longer term, marketing chief Peter Vesterbacka says.
US authorities have shut down popular file locker service Megaupload, and arrested seven people associated with the site, accusing them of conspiring to profit from online copyright infringement.
The new Spare One handset being launched in the US promises a standby life of up to 15 years on a single AA battery. The unit, which offers ten hours talk time and costs $50 (€38.64), is being marketed as an emergency backup phone.