Amazon.com, Inc. (NASDAQ:AMZN) rarely ever discusses the numbers for its products. Last year, Amazon said that it had tens of millions of Prime subscribers. Amazon Prime is a service that offers free two-day shipping, Prime Video, Prime Music and a lending library for the Kindle.
Alibaba Group has raised the price range on its IPO to $66-$68. The price increase indicates strong demand from investors. Alibaba handles more transactions than Amazon.com and eBay combined. Alibaba will now raise around $22 billion at the top of the new IPO range.
Microsoft Corporation (NASDAQ:MSFT) is expected to announce the new version of Windows on September 30th. It is rumored to have the name Windows 9. Microsoft is hosting an event about Windows in San Francisco on September 30th.
Microsoft Corporation (NASDAQ:MSFT) announced that two board members have departed and two have been added. Microsoft also announced that its dividend has been boosted. The board members that are leaving are Dave Marquardt and Dina Dublon. Teri List-Stoll from Kraft and Charles Scharf of Visa will replace them. Microsoft also said that its dividend will be increased 11% (up $0.03 to a total of $0.31 per share) per quarter. Prior to the increase, Microsoft stock had an annual yield of 2.4%.
Apple Inc. (NASDAQ:AAPL) is reportedly receiving 15 cents on every $100 that is spent through Apple Pay, according to sources with The Financial Times. The Financial Times said that this arrangement is “unprecedented.” Even Google does not have an arrangement that is as beneficial despite the marketshare that Android has.
Microsoft Corporation (NASDAQ:MSFT) announced that it will be acquiring Mojang AB, the company behind Minecraft. The deal is worth $2.5 billion. The deal will be closed by the end of the year.
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.
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.