May 9, 2013, 10:50 AM

Top News

Microsoft Mulling Nook Media LLC Purchase For $1 Billion  —  Microsoft is offering to pay $1 billion to buy the digital assets of Nook Media LLC, the digital book and college book joint venture with Barnes & Noble and other investors, according to internal documents we've obtained.
Laura Hazard Owen / paidContent:
In Nook, Microsoft sees a chance to compete against Amazon and Apple  —  Microsoft already has a stake in Nook Media, and now it is reportedly seeking to buy out the entire company.  In Nook, Microsoft sees a shot at competing against Amazon and Apple — in a way it might not be able to do from scratch.
More: ZDNet
Ingrid Lunden / TechCrunch:
Reports: Facebook Is Buying Social Mapping And Traffic App Waze For Up To $1B To Court More Mobile Users  —  Facebook appears to be close to making another billion-dollar acquisition to once again ramp up its mobile efforts: according to two reports in the Israeli press at Calcalist …
Clare Jim / Reuters:
Apple supplier Pegatron boosts China workforce by 40 percent in second quarter  —  (Reuters) - Pegatron Corp, an assembler of Apple Inc's iPhone and iPad, said it would increase its number of workers in China by up to 40 percent in the second half of the year, fuelling market speculation of a new cheaper iPhone.
Ashlee Vance / Businessweek:
Netflix, Reed Hastings Survive Missteps to Join Silicon Valley's Elite  —  On a normal weeknight, Netflix (NFLX) accounts for almost a third of all Internet traffic entering North American homes.  That's more than YouTube, Hulu, (AMZN), HBO Go, iTunes, and BitTorrent combined.
Jim Dalrymple / The Loop:
∞ The Loop magazine for iPhone and iPad released  —  The Loop magazine for iPhone and iPad released  —  On New Years Eve last year I said that I had some big plans for The Loop in 2013.  The biggest of those plans is The Loop magazine for iPhone and iPad, which is available from the App Store today.
Jamie Rigg / Engadget:
Nokia unveils the touchscreen Asha 501 with new software platform, we go hands-on (video)  —  One or more additional members are expected to join Nokia's Lumia line-up next Tuesday, but today the company has chosen New Delhi as the stage to unveil the Asha 501, a new touchscreen handset …
Kim Zetter / Wired:
Use These Secret NSA Google Search Tips to Become Your Own Spy Agency  —  There's so much data available on the internet, that even government cyberspies need a little help now and then to sift through it all.  So to assist them, the National Security Agency produced a book to help its spies uncover intelligence hiding on the web.
Microsoft names Corporate Vice President Amy Hood as new Microsoft chief financial officer  —  Former CFO for the Microsoft Business Division succeeds outgoing CFO Peter Klein.  —  Microsoft Corp. today announced that Amy Hood was named Microsoft chief financial officer …
Josh Constine / TechCrunch:
Google Framed As Book Stealer Bent On Data Domination In New Documentary  —  “Google And The World Brain” is a new documentary about Google's plan to scan all of the world's books, which triggered an ongoing lawsuit being heard today.  The hair-raising film sees Google import millions of copyrighted works …
Reuven Cohen / Forbes:
New Zealand Government Announces That Software Will No Longer Be Patentable  —  In a bill passed earlier today, the Government of New Zealand announced that software in the country will no longer be patentable.  New Zealand's largest IT representative body, the Institute of IT Professionals …
Dean Takahashi / VentureBeat:
Ouya raises $15M from Kleiner Perkins and Mayfield and delays launch  —  Ouya is just a kind on the block alongside the game consoles from Nintendo, Microsoft, and Sony.  But it's graduating to a higher level today as the maker of the $99 Android game console is announcing that it has raised $15 million …
Dan Frommer / SplatF:
AOL vs. Netflix: The Entire Internet In One Simple Chart  —  Dialup out, broadband in.  It doesn't get more clear than this.  —  At the end of March, almost 2.7 million people still subscribed to AOL service, the company reported this morning.  That's about where Netflix stood at the end of 2004.
Apple, Oracle Pay Their CFOs the Most as Cash Hoards Grow  —  Five of the ten best-paid finance chiefs last year work in the technology industry, as executives at companies from Apple Inc. (AAPL) to Google Inc. (GOOG) were rewarded for increasing profit, amassing cash and minimizing taxes.
New York Times:
Fwd.Us Raises Uproar With Advocacy Tactics  —  “Move fast and break things” has been the motto at Mark Zuckerberg's Facebook, embodying the Silicon Valley ethos of unapologetically finding new ways to solve old problems.  His latest foray into politics in Washington, however, might be characterized as …
Jeff Jordan / Fortune:
Godzilla vs. Mothra, the sequel  —  What happens when two giants collide?  —  FORTUNE — Amazon and Google are on a collision course.  —  When I was at eBay, we had a belief that no one was going to compete with us by replicating exactly what we were doing.  We had first mover advantages and network effects.
More: WiredTweets: @cdixon
Brian Krebs / Krebs on Security:
Trade Sanctions Cited in Hundreds of Syrian Domain Seizures  —  In apparent observation of international trade sanctions against Syria, a U.S. firm that ranks as the world's fourth-largest domain name registrar has seized hundreds of domains belonging to various Syrian entities …
Mark Suster / Both Sides of the Table:
Why Online Video Just Took One More Big Step to Legitimacy  —  Anyone who reads this blog frequently will know that I am a big believer in low-cost video content and specifically the power of YouTube as a content creation & distribution platform.  —  Our industry just took one big step towards legitimacy …
Sam Biddle / Valleywag:
Michael Arrington Sues Jenn Allen Over Rape Claims  —  After issuing an ultimatum to abuse-alleging ex Jenn Allen, TechCrunch founder and investor Michael Arrington is now trying to take her to federal court.  In demand for trial filed just yesterday, Arrington's lawyers allege Allen tried to …

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