Techmeme: Imagination Tech raises MIPS offer to $100 million (Paul Sandle/Reuters)

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December 17, 2012, 6:35 AM

Top News

Apple:

iPhone 5 First Weekend Sales in China Top Two Million — Apple® today announced it has sold over two million of its new iPhone® 5 in China, just three days after its launch on December 14. iPhone 5 will be available in more than 100 countries by the end of December, making it the fastest iPhone rollout ever.

Nick Bilton / NYT Bits:

Disruptions: Instagram Testimony Doesn't Add Up — SAN FRANCISCO — On a late August morning, Kevin Systrom, chief executive of Instagram, took an oath before testifying at a hearing of the California Corporations Department, which sought to determine if Facebook's acquisition …

More: Softpedia News, PC Pro, Silicon Republic, PhoneArena, Business Insider, The Verge, AllThingsD, Gizmodo and Reuters

Tweets: @elifrombrooklyn, @obrien, @monstro, @msg, @om, @lexinyt and @eghosao

Eliza Kern / GigaOM:

Report: Despite Systrom's denial, Twitter made $525M offer for Instagram

Mike Isaac / AllThingsD:

Facebook to Launch Its Own Snapchat Competitor App — Facebook is currently testing its own built-in-house version of a “Snapchat-like” application, a messaging app which allows users to send impermanent photo messages to one another, according to sources familiar with the matter.

More: The Verge, The Next Web, App Advice and SlashGear

Sarah Lacy / PandoDaily:

Calling Snapchat “the sexting app” misses a huge shift in mobile, photos, and communication — The tech blogosphere — the ones who are supposed to “get” new technologies while old media does its best impression of your dad trying to program the VCR- keeps calling Snapchat the “sexting app.”

More: digitaltrends.com

Amir Efrati / Wall Street Journal:

Google, FTC Close to Antitrust Deal on Search Business — Google Inc. is close to emerging largely unscathed from a two-year federal probe of its Web-search business, people familiar with the matter said, a result likely to disappoint rivals that were hoping the Internet giant would become mired in antitrust litigation.

More: NYT Bits, Bloomberg, TechCrunch, 9to5Google and The Verge

Steve Lohr / New York Times:

Is Google Abusing Its Market Power? Former Legal Allies Disagree

More: Tnooz and The Precursor Blog

Bloomberg:

Cisco Said to Hire Barclays to Sell Linksys Division — Cisco Systems Inc. (CSCO), the largest maker of equipment for computer networks, has hired Barclays Plc (BARC) to find a buyer for Linksys, which makes routers for home wireless access, said people with knowledge of the situation.

More: ZDNet, Forbes, Broadband TV News, The Verge, CNET, Engadget, The Register, bizjournals and Reuters

Steve Dent / Engadget:

French reporters infiltrate Foxconn iPhone 5 factory, find few of the vaunted changes (updated) — Envoyé Spécial, a 60 Minutes-like program from public TV station France 2, went undercover at the Zhengzhou iPhone 5 Foxconn factory recently (within the past two months) …

More: TechEye and CNET

Charles Arthur / Guardian:

China tightens ‘Great Firewall’ internet control with new technology — Companies and individuals affected by new system thought to ‘learn, discover and block’ encrypted communications — China appears to be tightening its control of internet services that are able to burrow secretly through …

More: ZDNet

David Carr / New York Times:

Buffeted by the Web, but Now Riding It — When the consumer Web exploded in the mid-1990s, part of the promise was that it would transform careers and the concept of work. Remember the signs on telephone poles and banners all over the Internet? “Work at home and turn your computer into a cash register!

Tweets: @bxchen, @simonowens and @carr2n. Thanks:@steverubel

Paul Sandle / Reuters:

Imagination Tech raises MIPS offer to $100 million — (Reuters) - British chip designer Imagination Technologies on Monday agreed to buy MIPS for $100 million after it outbid Ceva Inc for a second time. — Imagination and Ceva have been battling to buy the operating business of MIPS since …

More: ZDNet, TechCrunch, Android Authority and SlashGear

Jessica Roy / Betabeat:

Anonymous Attacks Westboro Baptist Church Over Plans to Picket Sandy Hook Funerals — The Westboro Baptist Church, widely reviled for its homophobic beliefs and protests of veteran funerals, announced on Saturday that it would picket at Sandy Hook Elementary School following the tragic shooting …

More: CNET, Salon, Gizmodo, Forbes, CNN, New York Magazine, ZDNet, Mashable!, digitaltrends.com, Examiner, Softpedia News and The Verge

Wall Street Journal:

Facebook's Future Rests on Lessons From Wal-Mart Mobile-Ad Campaign — Facebook Inc.'s stock is up more than 50% from its September nadir. But whether the company can keep wooing back investors will depend on deals like its Black Friday experiment with Wal-Mart Stores Inc.

More: CNET. Tweets: @sbanjo

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