Techmeme
September 3, 2013, 9:45 PM

Top News

Bloomberg:
Microsoft Raced to $7.2 Billion Deal With Soul-Searching Nokia  —  Microsoft Corp. (MSFT)'s agreement to buy Nokia Oyj (NOK1V)'s handset business, codenamed Project Gold Medal, was more of a sprint than a marathon.  —  Talks between the two companies began in February after both sides agreed …
Dan Levine / Reuters:
Why Nokia didn't sell its patents to Microsoft  —  (Reuters) - Nokia may have sold its handset business to Microsoft Corp, but by hanging on to its valuable patent portfolio, the Finnish company could also get a big future payoff at the expense of Android phone makers.
Horace Dediu / asymco:
Who's buying whom?  —  When a prosperous company buys a struggling company you have to wonder what they're really buying.  —  Here's how to think about it.  A company is defined as the sum of three values: resources, processes and priorities (RPP).  Everything of value can be classified into these three categories.
Ben Thompson / stratechery:
The Deal That Makes No Sense  —  Early this morning Microsoft acquired Nokia for €3.79 billion (plus €1.65 billion for patents).  It is a deal that makes no sense.  While industry observers love to pontificate about mergers and acquisitions, the reality is that most ideas are value-destoying.
Joshua Topolsky / The Verge:
Leo Kelion / BBC:
Android KitKat unveiled in Google surprise move  —  Nestle plans to sell more than 50 million chocolate bars featuring the Android mascot  —  Google is calling the next version of its mobile operating system Android KitKat.  —  The news comes as a surprise as the firm had previously indicated version 4.4 …
Dante D'Orazio / The Verge:
Android Kit Kat is the next version of Google's mobile operating system  —  Google's Sundar Pichai, head of both Android and Chrome, has confirmed that the next version of Android will be called Kit Kat.  Yes, you've read correctly, Kit Kat, as in the trademarked name of the candy bar made by Nestle.
Mark Gurman / 9to5Google:
Google apparently slips unannounced Nexus phone in its KitKat video  —  Earlier today, Google announced its upcoming Android 4.4 KitKat software update.  In tandem with the announcement, Google posted a video that showcases the unveiling of the KitKat statue at the company's headquarters.
Jim Dalrymple / The Loop:
Apple announces special event for September 10  —  Apple on Tuesday sent out invites for a special event to be held on September 10, 2013 at the company's Cupertino, Calif. headquarters.  According to the invitation I received today, the event will start at 10:00 am PT.
Wesley Yin-Poole / Eurogamer:
Sony set to go big with virtual reality on PlayStation 4  —  Will Oculus Rift partner with a next-gen console?  —  Sony plans to enter the virtual reality gaming space in a big way with PlayStation 4, Eurogamer can reveal.  —  Amid the growing popularity of the Oculus Rift VR headset among …
Sam Byford / The Verge:
8GB Nexus 4 sells out on Google Play, and it isn't coming back  —  After Google gave its Nexus 4 a $100 price cut last week, the 8GB version of the phone is now sold out on the Play store.  It appears that the price reduction was more of a clearance sale, however, as Google tells The Verge that the cheaper model will not be restocked.
Mike Isaac / AllThingsD:
Twitter Taps Google Ad Director Christian Oestlien to Lead Growth  —  Twitter has hired away Google display advertising product management director Christian Oestlien, according to sources, in an attempt to kickstart Twitter's international growth efforts.  —  He'll move into the position …
Nick Wingfield / NYT Bits:
Amazon Pairs Print and Digital Books With New Program  —  For most readers, print and electronic books are an either-or proposition.  There just isn't a compelling reason to buy both editions of one book, at least not at full price.  —  Amazon is about to test how much appetite …

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