3 Tech Titans Making Noise: Apple’s New VP, Google Renews Vevo Contract, and Microsoft’s Big Shakeup
Apple Inc. (NASDAQ:AAPL): Apple has hired Paul Devene — rehired, rather, as Devene held a sales position with Apple before taking up residence at Yves Saint Laurent — to be its new vice president working on special projects, which have yet to be named. Devene will report directly to CEO Tim Cook. Chances are Devene will be working on something design-oriented, though he does have a masters degree from tech hotbed Stanford University.
Google Inc. (NASDAQ:GOOG): Google is renewing its contract with Vevo, a top online video platform, in addition to taking a stake in the company. Under the terms, YouTube would pay $50 million for a 7 percent stake in Vevo, allowing YouTube to remain atop the throne of Internet video. Additionally, the deal has the added perk of keeping Vevo at a safe distance from Facebook (NASDAQ:FB), which has also been in talks with Vevo about investments.
Microsoft Corp. (NASDAQ:MSFT): More on the Microsoft restructuring efforts – Skype chief Tony Bates will be put in charge of M&A work and developer relationships, while Windows Chief Julie Larson-Green could lead all hardware engineering. Online Services Chief Qi Li would run an applications and services engineering unit that includes Office, Skype, and Bing product development, and Server & Tools chief Satya Nadella would “oversee a unit focused on cloud computing” (presumably Azure), as well as corporate products, Bloomberg believes. Steve Ballmer could unveil the shifts as early as next week.
Don’t Miss: Did Apple Steal This University’s IP?