Tech Business Roundup: Microsoft SHELVES Metro, Yahoo Resignations CONTINUE
Microsoft Corporation (NASDAQ:MSFT) shelves the ‘Metro’ name for the next-generation, tablet-centric user interface that will accompany Windows 8, saying that the move was caused by “discussions with an important European partner”. Actually, a dispute with Metro AG might be the culprit. In addition, final copies of Windows 8 have been leaked online, one day subsequent to Microsoft’s announcement that development was completed.
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AOL Inc. (NYSE:AOL) initiates a new $550 million stock buyback program based on direct purchases to supplant a failed $400 million stock repurchase conducted by a Dutch auction. The company’s rising stock price caused only $8.8 million worth of shares being bought through the auction, which had a maximum tender offer price of $30.
Yahoo! Inc. (NASDAQ:YHOO) has now seen four Chief Executives in the past 12 months and several executives have exited recently, having had enough turmoil in their tenures there. Many hope that the advent of Marissa Mayer as the new Chief Executive will lead to fresh talent infusion, but apparently Infrastructure Vice President Adam Bechtel and Senior Product Manager Jonathan Katzman preferred to not wait and see.
Bad-luck Zynga (NASDAQ:ZNGA) gets a break (sort of) as AppData’s “Top Gainers” list for Facebook applications reports that The Ville, a game from Zynga that the company introduced in June with much hoopla, has seen its monthly active users (MAUs) increase by 56 percent this week to 40.3 million. In addition, the older FarmVille’s MAUs have increased by 48 percent to 27.5 million. Putting this into perspective, Electronic Arts Inc. (NASDAQ:EA) SimCity Social’s MAUs moved up by 44 percent to 12.7 million. In the meantime, Electronic Arts is suing Zynga for copyright infringement, as the former alleges that Zynga’s The Ville is a ripoff of The Sims Social. Unfortunately, quite a few observers noted the similarities between the games when The Ville was launched, and Zynga has more than once been accused of copying its rival’s games.
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