Tech Biz Cheat Sheet: ESPN to Stream NFL on Verizon Phones, Google Acquires Zagat
Disney’s (NYSE:DIS) ESPN sports network has extended a deal with the NFL through 2021 for $15.2 billion. The deal not only allows ESPN to extend coverage, possibly even into the playoffs, it allows it to stream programming to Verizon Wireless (NYSE:VZ) mobile phones.
Dan Loeb’s Third Point Fund has disclosed its 5.1% stake in Yahoo (NASDAQ:YHOO), along with a letter to the Board demanding major changes to both the board of directors and management. The news gave Yahoo’s share price a bump.
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Google (NASDAQ:GOOG) has acquired restaurant and travel review company Zagat for an undisclosed sum.
Google’s (NASDAQ:GOOG) Android app downloads are expected to climb to 8.1 billion this year, surpassing Apple’s (NASDAQ:AAPL) 6 billion, marking Android’s first time at number one. Last year, 1.4 billion Android apps were downloaded, while 2.7 billion Apple apps were downloaded.
HTC (TPE:2498)has filed a patent infringement suit against Apple (NASDAQ:AAPL), countering Apple’s own claims against HTC. In the suit, HTC is using nine patents it acquired from Google (NASDAQ:GOOG) to press its claims.
Samsung (PINK:SSNLF) is rumored to be unveiling its new Microsoft (NASDAQ:MSFT) Window 8-powered tablet computer at a developer’s conference next week.
Sources claim iPhone manufacturer Foxconn (TPE:2354) is producing 150,000 iPhone 5 units a day in preparation for its release this fall. Industry shipments are expected to hit 22 million in the fourth quarter. The rumored larger display and distribution deal with Sprint (NYSE:S) should give sales a boost around the holiday season.
Amazon (NASDAQ:AMZN) has reached a tentative deal with California legislators to postpone institution of a law that would require Amazon to collect sales tax for another year. In turn, Amazon would have to give up attempts to overturn the law, and has said it would work to create jobs in the state.
Research firm Gartner is cutting its full-year PC shipment growth forecast for 2011 to 3.8%, down from a prior 9.3%, citing weak demand in the U.S. and Europe as the economy falters and competition from tablet sales. However, the firm is forecasting a health 10.9% growth in 2012, possibly expecting new products and an improved economic outlook will encourage people to buy.
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Hitachi (NYSE:HIT) will acquire networked storage vendor BluArc for an undisclosed sum. BluArc sells high-performance systems used in “big data” applications.
IBM (NYSE:IBM) has won an extension worth $1 billion to manage the IT systems of Indian wireless carrier Vodafone Essar (NASDAQ:VOD) through 2017. IBM’s original contract with Vodafone Essar, signed in 2007, was worth $400 million.