Facebook Inc (NASDAQ:FB) has received approval by the European Union to purchase WhatsApp for $19 billion. The EU was concerned that Facebook’s acquisition of WhatsApp could harm communication in the telecommunications market. The European Commission has determined that the acquisition will not impede competition though.
BlackBerry Ltd (NASDAQ:BBRY) announced that the BlackBerry Passport has sold out on its website. The Passport was priced at $599, which is down from the retail price of the $699.
Mobli Media has announced that it has acquired Pheed. Pheed is a social media network. The terms of the deal were undisclosed, but sources with Mashable report that it was for about $20 million. Mobli plans to invest $10 million to reintroduce Pheed as a standalone platform. Launched in 2012, Pheed currently has 5 million users. It is a teen-focused platform which allows users to share photos, video, and audio.
Mobile payments company Square has reportedly raised $100 million in a new round of funding with a valuation of about $6 billion, according to financial filings.
Yo, the popular messaging app, lets users send the word “Yo” back-and-forth. Yo has hit over 100 million messages so far. Yo launched the ability to send attached links and hashtags last month.
Motorola has launched a new version of the Moto G device, which has a larger display and improved cameras. The Moto G is available today in the U.K. and U.S. Motorola does not put a custom user interface on the Moto G, which means that software updates are sent to users quicker. The Moto G runs on Android 4.4 KitKat. It can be upgraded to Android L when it is released.
Microsoft is partnering with Toshiba on a small screen tablet with a low price. Microsoft and Toshiba announced the Encore Mini at the IFA conference in Berlin. The Encore Mini is a 7-inch Windows powered tablet and is a smaller version of the 10-inch Encore 2 tablet released earlier this year.
Samsung has announced a new smartphone called the Note Edge. The Note Edge has a 5.6-inch display with a curved right side. The Note Edge has adopted glass with enhanced strength to cover the curved display. The curved side of the Note Edge can display text messages and menu icons. The curved display operates independently when the 5.6-inch display is turned off. The Note Edge will be released in a small number of countries. The Note Edge will cost over one million won (around $982).