4 Tech Stock Stories Gaining Thursday Traction

Google Inc. (NASDAQ:GOOG): Closing price $855.30

The firm received much attention from reports – including one from The Wall Street Journal – that company co-founder Sergey Brin and his wife, Anne Wojcicki, have separated following six years of marriage, and that Brin has taken up with a 26-year-old Google employee who was identified by Valleywag as  Amanda Rosenberg, the marketing manager for Google Glass. She was previously in a relationship with Hugo Barra, who up until Tuesday was vice president of product management for Android at Google, also according to Valleywag. Barra left Google for a position at the Chinese smartphone maker Xiaomi.

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Qihoo 360 Technology Ltd. (NYSE:QIHU): Closing price $79.48

Chinese Web giant Qihoo 360 raised $550 million on Wednesday via the largest convertible bond sale ever from a U.S.-listed Chinese firm. A number of analysts say the money will be used to acquire a search rival, integrate forces, and compete with market leader Baidu. Sohu’s Sogou search business was said to be atop the acquisition rumor mill, but Qihoo on Thursday denied that was the case. However, Sohu shares jumped close to 5 percent in Wednesday trading before Qihoo could put the kibosh on the gossip.

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Zillow Inc. (NASDAQ:Z): Closing price $95.62

The top domestic real estate and home-related marketplace said Thursday that it has finalized its purchase of StreetEasy, a real estate website in New York City, for $50 million in cash. Zillow first reported its plans to buy StreetEasy on August 19. StreetEasy lures close to 1.2 million monthly unique users, mostly home shoppers in the New York region. This transaction affords StreetEasy the resources it needs to further invest in product development and to grow its audience while providing Zillow market leadership in the United States’s No. 1 real estate market.

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TeleCommunication Systems Inc. (NASDAQ:TSYS): Current price $2.71

TeleCommunication Systems on Thursday said it entered into a contract with the Defense Information Systems Agency through which to supply Managed Satellite Services, Ku satellite bandwidth, terrestrial support, and 24-hour support services for the United States Marine Corps’s Tactical Satellite Communications Network. The initial funding on the award is $12.8 million for the base 12-month period starting August 1. The contract includes four one-year option terms, which, if exercised, yield an aggregate contract value of $58.3 million.

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