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Instant Billion! Facebook Acquires Instagram for Big Bones

April 10, 2012

By Matt Gallagher, Red Herring Facebook has acquired Instagram for a jaw dropping billion dollars in cash and stock, impressive bones for a two year old startup that previously had little to…

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UK Mobile Banker Monitise Banks on US Competitor Clairmail

March 27, 2012

Monitise, the UK mobile banking specialist, has bought its US competitor Clairmail for $173 million. Its a consolidating move that reflects a coming of age in mobile banking. The combined companies will…

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China to Top US in Smartphone Activations

March 22, 2012

The number of new smartphone activations in China is growing by staggering leaps and bounds. Though the country ranked in only 11th place at the start of 2011 in iOS and Android…

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Tablet Game Revenue to Be Worth $3.1B by 2014

March 21, 2012

The global tablet game revenue is expected to hit $3.1 billion by 2014, and is expected to make up a third of all mobile game revenue by 2016 when the total spent…

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Sprint Axes LightSquared Deal, Returns $65 Million

March 16, 2012

Sprint will terminate its 15-year, $9 billion partnership agreement with LightSquared, the company recently announced. America’s third largest wireless carrier will return $65 million in payments to the startup. The partnership would…

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China to Ship Majority of World’s Smartphones in 2012

March 16, 2012

China is poised to become the world’s leader in smartphone shipments in 2012, according to recent research from IDC. With its sheer size, China nudged the US out of the lead by…

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China Mobile Surpasses 15 Million “Grey” iPhones

March 14, 2012

China Mobile has surpassed 15 million iPhone users, despite not being able to sell the device legally or have a system that actually supports the extent of the phone’s capabilities. The company…

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iPad 3: Apple Debuts the Next Generation Device

March 7, 2012

Apple debuted the next generation of the iPad, which sports 2048 x 1536 pixels in super high resolution “Retina” display that’s four times that of its predecessors. Offering more than 1 million…

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Apple Has Wormhole – Shares iPhone Photos with the World

March 2, 2012

Sharing photos on Facebook should be easy. Automatically sharing your entire photo collection unknowingly with app developers should be impossible, but it isn’t. A recently exposed loophole in the iPhone, iPad and…

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Apple’s iPad Trademark Issue Headed to California

February 24, 2012

Oh, what a tangled web an iPad trademark weaves. After the Chinese software company Proview Shenzan Technology accused  Apple of ripping off the iPad trademark, various Chinese courts have bounced the issue…

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Investment Roundup

Saudi Startup Foodics Gets $20m Cash Injection

Saudi Arabian firm Foodics, which has created an all-in-one restaurant

The Exit Report

Israel’s YL Ventures Sells Axonius Stake for $270m, Just a Week After Unicorn Valuation

Israeli venture capital fund YL Ventures has sold its stake in compatriot

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