Cisco Systems has announced that it is buying Pure Digital for about $590 million in stock. The company has enough cash for investing in such companies and CEO John Chambers said that a weak economy can mean a good opportunity. Pure Digital has only been around for about 2 years and about 2 million Flips have already been sold. In a kind move, Cisco is offering stock incentives for employees who stay with the company.
Read More | USA Today
Take that, Google! Microsoft has managed to one-up Google by investing $240 million for a 1.6% share in Facebook. It also has the rights to sell ads on the site outside of the U.S. Some experts say that they are hoping that the company will expand and become a “hub” for its various Net applications. So far, Facebook has about 50 million subscribers and claims that it receives 250,000 new ones every day. Microsoft hopes that it will reach a forecasted 300 million. We figure that MS is partying hearty over this one since Google beat them out last year with its acquisition of YouTube.
Read More | Reuters
Look no further for proof that the video game business is big business indeed. Media giant MTV has announced that it is sinking over a half billion dollars into the video game industry over the next two years.
“As we take our brands narrow and deep to serve our targeted, niche audiences, we’re putting well over $500 million behind building our games business across all of the brands in our portfolio,” explained MTV chairman and chief executive Judy McGrath.
MTV is set to make a big splash this fall when Rock Band is released. MTV/Viacom recently purchased Rock Band and Guitar Hero developer Harmonix, so the success of the game will greatly impact any of the network’s future gaming endeavors. In addition to the Harmonix acquisition, MTV/Viacom has snapped up Xfire and GameTrailers, quietly making itself a major player in the gaming scene.
Read More | GameDaily
We have heard quite a few stories from many a Gear Live reader as it pertains to the Apple MacBook and how some discoloration starts to set in after a while (although previously, it was after a very short while.) Enter in the Marware Protection Pack, built for the MacBook. This is essentially an inexpensive two-piece approach to protecting your MacBook. One piece is a removable wrist rest that both protects the area that easily becomes discolored, and also gives you cushion under your wrists. The set also includes a keyboard cover that doubles as a screen protector and wiping cloth. We will be hitting you back with a full review soon, but for now, you can pick one up for $19.95 USD - they are available in both black and white colors to match whatever MacBook model you own.
Read More | Marware Protection Pack Product Page