Apple Inc. (NASDAQ:AAPL) is currently in talks to acquire Swell, a “Pandora for talk radio.” Swell curates podcasts and sorts them into a personalized stream so it acts like a recommendation system. The deal is reportedly worth around $30 million.
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Microsoft has confirmed that it will no longer release a Surface Mini in the spring. During the company’s quarterly earnings call on Tuesday, CFO Amy Hood said that part of the reason why Microsoft’s line of Surface tablets saw a revenue drop is because it decided to kill an unreleased product.
LinkedIn Corp (NYSE:LNKD) has announced that it has acquired Bizo. Bizo is a company that helps advertisers reach a target audience. The deal is valued at $175 million — 90% cash and 10% stock.
Xiaomi, the Chinese smartphone giant, has launched a wearables fitness band that costs only CNY79 ($13). The $13 band is known as the Mi Band. It has sensors for tracking health metrics and it can be used as an alarm clock. The Mi Band can last 30 days on a full charge. It is also waterproof and is on the IP67 standard. The Mi Band can be used to unlock a Xiaomi smartphone.
Tesla Motors Inc (NASDAQ:TSLA) is going to temporarily idle production at its factory in Fremont, California. The two week down-time will be used to increase production of the Model S sedan vehicle and to make way for manufacturing of the Model X crossover SUV. Tesla Motors will deliver around 35,000 Model S vehicles this year with a goal of 1,000 per week. The Model X crossover SUVs will be delivered in early 2015. The production at the factory will resume on August 4th.
Yo is an app that lets users send a message that says “yo” to your friends. The company has raised $1.5 million in seed funding at a $10 million valuation. Some of Yo’s investors include Betaworks, Mashable CEO Pete Cashmore, and the founders of Tencent. Yo will be using the funding to expand operations in San Francisco.
Shakira has come a long way since the song “Wherever, Whenever.” She is now the first person to hit 100 million fans on Facebook. She hit the record after posting a picture of herself at Maracanã Stadium in Brazil last week. Shakira performed the closing ceremony of the 2014 FIFA World Cup, which helped increase her popularity. The photo she posted hit over 3.5 million likes in 4 days. Shakira also posted a video on Facebook to thank her fans.