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Techmeme
June 4, 2013, 11:15 AM
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Kara Swisher / AllThingsD:
Zynga to Lay Off 520 Employees — 18 Percent of Staff — and Shutter New York and LA Offices in Refocus on Mobile  —  Zynga is laying off 18 percent of its workforce — which represents 520 employees — in a bid to reduce costs and more drastically restructure its troubled business toward mobile …
Agam Shah / PC World:
Intel shows first smartphone with Merrifield chip  —  Intel on Tuesday showed the first smartphone based on its next Atom smartphone chip code-named Merrifield, which will provide better performance and battery life than current Atom chips.  —  The Merrifield chip will offer 50 percent better performance …
Tim Culpan / Bloomberg:
HTC Operations Chief Steps Down as Profit Slumps on Phone Delays  —  HTC Corp. (2498) Chief Operating Officer Matthew Costello will step down after less than three years at Taiwan's biggest smartphone maker amid slumping sales that have pushed down shares 76 percent in the past two years.
Arik Hesseldahl / AllThingsD:
Salesforce.com Makes Its Biggest Acquisition Yet, Buys ExactTarget for $2.5 Billion  —  Salesforce.com just announced that it will make its biggest acquisition yet: It will spend $2.5 billion to acquire the cloud marketing company ExactTarget.  —  Salesforce is paying $33.75 a share.
Juli Clover / MacRumors:
Apple Begins Offering In-Store iPhone 5 Display Replacements for $149  —  As part of a shift to lower repair costs, Apple has begun replacing iPhone 5 screens at its retail locations.  The new display replacement service is priced at $149 and can be purchased with or without AppleCare+.
Wall Street Journal:
Obama Plans to Take Action Against Patent-Holding Firms  —  WASHINGTON—President Barack Obama on Tuesday will announce a set of executive actions aimed at reining in certain patent-holding firms, known as “patent trolls” to their detractors, amid concerns that the firms are abusing the patent system and disrupting competition.
Laura Hazard Owen / paidContent:
Apple denies conspiracy in ebook pricing trial: “Publishers fought [us] tooth and nail”  —  The Department of Justice's trial against Apple kicked off in New York Monday.  The DOJ alleges that Apple conspired with publishers to set ebook prices, while Apple argues that there was no conspiracy …
Edward Wyatt / New York Times:
Susan Molinari Adds to Google's Political Firepower  —  WASHINGTON — Susan Molinari had wrapped up her second week as Google's chief Washington lobbyist when she got a call at home late on a Friday that blindsided her: the Federal Communications Commission was fining Google $25,000 for having …
Adam Satariano / Bloomberg:
Apple Said to Shift Ad Focus to Support New Music Service  —  Apple Inc. (AAPL), planning to release a music-streaming service next week, is revamping how it sells mobile advertising to cater to businesses eager to reach customers as they listen to songs, people familiar with the changes said.
Reuters:
Lenovo planning smartphone venture in expansion drive  —  (Reuters) - China's Lenovo Group Ltd, the world's No.2 PC maker, is in detailed discussions on a smartphone venture with NEC Corp, a Japanese partner in PCs whose mobile business is faltering, as it eyes partnerships and acquisitions to expand in high-growth markets.
Lilly Vitorovich / Wall Street Journal:
Europe Is Losing the 4G Race  —  Once a Pioneer in Cellphone Technology, the Region Trails Asia and the U.S. as Regulation Threatens Network Investment  —  Vodafone said it will boost its network investment in its home market.  Pictured, a company store in London

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From Mediagazer

Sara Fischer / Axios:
Source: Bari Weiss is planning to create a masthead for CBS News as part of a broader overhaul of standards and procedures

Todd Spangler / Variety:
Comcast extends Mike Cavanagh's contract through January 1, 2029, and grants a ~$35M performance-based stock package; he's set to become co-CEO in January 2026

Winston Cho / The Hollywood Reporter:
A US judge denies WBD's bid to block Sling TV from selling short-term offerings that let users sign up for access to its bundles for as little as one day

More News

Earlier Picks

Dylan Tweney / VentureBeat:
Qualcomm integrates 4G into its mobile Snapdragon processor
Zach Miners / PC World:
Google says ‘no’ to sexually explicit content on Glass
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