Apple Inc. records four million first day pre-orders of iPhone 6 and iPhone 6 Plus

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Apple Inc. (NASDAQ:AAPL) has announced that it processed over four million iPhone 6 and iPhone 6 Plus pre-orders in the first day of pre-launch sales in certain countries. Apple started to accept orders on September 12th. This is double Apple’s previous record of 2 million pre-order sales for the iPhone 5 in 2012.

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ZF Friedrichshafen is acquiring TRW Automotive Holdings Corp. for $13.5B

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ZF Friedrichshafen is acquiring Livonia, Michigan based TRW Automotive Holdings Corp. (NYSE:TRW) for $13.5 billion. ZF will buy all of TRW’s stock for $105.60 per share, which is a 16% premium over the trading price. This amount is 7.6 times earnings before interest, taxes, depreciation and amortization. The deal is expected to close in the first half of 2015. The deal will be financed through ZF’s cash reserves and debt. The deal will create the second-largest auto supplier in the world, according to Automotive News. ZF reported total global sales of $20.4 billion in 2013 and TRW posted $16.1 billion. The combined company will have 138,000 employees. Bosch is the largest global supplier at $40.2 billion and the number 2 is Denso at $35.8 billion. ZF’s American headquarters is in Northville, Michigan.


Product Hunt raises $6 million in funding

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Product Hunt is a website that lists some of the most useful and trendy products every day. According to TechCrunch, Product Hunt has raised $6 million in funding led by Andreessen Horowitz. The $6 million round is reportedly at a $22 million valuation. Some of Product Hunt’s other investors include Y Combinator, Ashton Kutcher, Ludlow Ventures, Google Ventures, CrunchFund, Cowboy Ventures, SV Angel, and Vayner/RSE.


Oracle Corporation acquires Front Porch Digital

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Oracle Corporation (NYSE:ORCL) has announced that it acquired Front Porch Digital. Front Porch Digital is a digital asset management solutions company for TV and large-scale media companies. There are hundreds of media businesses that use Front Porch Digital, including A&E, BBC, Discovery Communications, and NASCAR. Government agencies like The Library of Congress and Voice of America also work with Front Porch Digital. Front Porch Digital is also used for medical imaging and real-time video security monitoring. The terms of the deal were undisclosed.


Tesla Motors Inc: Supercharger is coming to Australia soon

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Tesla Motors Inc (NASDAQ:TSLA) will be opening a network of Superchargers in Australia soon. The first Supercharger in Australia will arrive in late 2014.

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Oculus CEO Brendan Iribe has donated $31 million to University of Maryland

Oculus VR
Brendan Iribe, the CEO of Oculus, has donated $31 million to the University of Maryland. Iribe attended school at Maryland between 1996 and 1997. The donation is the largest in history for the University of Maryland. It will be used to build a new computer science building for a dedicated virtual reality lab.

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Twitter Inc has raised $1.8 billion in convertible note offering

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Twitter Inc (NYSE:TWTR) CEO Dick Costolo raised $1.8 billion in a convertible bond offering earlier this week. This is up from the $1.3 billion amount that it planned on raising. The bond offering is based on five years with the notes due in 2019 and a 0.25% interest rate. The seven-year 2021 notes have a 1% interest, which are payable semi-annually in March and September. The conversation rate is around 12.8793 shares per $1,000 in principal. This amount is equal to around $77.64 per share. Twitter will be using $112.3 million to pay the cost of hedges intended to offset any dilution eventual conversion of the notes, according to Forbes.

Report: Apple Inc. spent over $100 million on free U2 album

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Earlier this week, Apple Inc. (NASDAQ:AAPL) announced the iPhone 6. At the end of the iPhone 6 launch announcement, Apple CEO Tim Cook and U2 lead singer Bono said that the new album will be distributed for free of charge to the approximately 500 million people that have iTunes.

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