Zillow Inc (NASDAQ:Z) is rumored to be in talks to acquire Trulia Inc (NYSE:TRLA). This would create a dominant search website for people that are looking for houses in the U.S. Zillow is the largest real estate website and it would acquire the second largest for $2 billion in cash and stock, according to sources with Bloomberg.
On Wednesday, Facebook announced its second quarter earnings after the stock market closed. Facebook reported a net income of $791 million (30 cents per share). Non-GAAP earnings were 42 cents per share on revenues of $2.91 billion, which is an increase of 61% from the same quarter last year.
On Tuesday, Microsoft CEO Satya Nadella said that all versions of Windows will be merged into one for all devices. Microsoft discussed the possibility of merging operating systems in the past.
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.
Microsoft Corporation (NASDAQ:MSFT) surpassed Wall Street estimates after jumping 17% in revenues, but its profits saw a 7% drop because of Nokia’s struggling phone business. Microsoft acquired Nokia in April to challenge companies like Samsung and Apple in the smartphone market and it added almost $2 billion to Microsoft’s quarterly revenue.
Apple Inc. (NASDAQ:AAPL) has announced its fiscal Q3 2014 earnings. Apple reported $37.4 billion in revenue and $7.7 billion in net profit ($1.28 per share). This is 5.9% revenue growth from a year ago and 19.6% in EPS (adjusted for the 7-for-1 split). Apple’s guidance from its last earnings released was between $36 billion and $38 billion in revenue with gross margin between 37% and 38%.