eBay to sell 65% of Skype for $2bn

eBay is to sell the majority of its stake in internet telephony service Skype to an investment group for nearly $2bn. The deal will see Internet auction giant sell a majority stake in its online phone unit Skype for $1.9bn to private investors including Silver Lake...

iPhone set for China launch

Apple has struck a deal announced with China Unicom, the country’s second-largest mobile service provider, to become the first authorised seller of the iPhone in China. The deal opens up a huge new market to Apple. China now has nearly 700 million mobile phones...

YouTube to share ad revenue with users

YouTube has begun sharing profits with users who post popular videos on the site. The Google-owned site is extending its YouTube Partnership Program, offering more individuals with one off popular videos a chance to earn thousands of dollars a month. YouTube will...

Apple approves Spotify iPhone app

Apple has approved the Spotify iPhone application, allowing users to stream music to their handsets, despite many regarding the two companies as rivals. The application will be free, but will require the user to have a premium Spotify subscription, which costs £10....

Orange buys Unanimis to boost ad revenue

Orange has bought digital sales company Unanimis in a deal thought to be worth £15m. Orange is hoping the purchase will boost revenue from its mobile and internet websites, which attract 12m unique users per month across its internet and mobile websites. Its parent...

Twitter now ‘more popular than BBC’ online

Twitter has surpassed the 50 million monthly visitors mark for the first time, and is now one of the Top 50 most popular websites in the world, according to new data. In July, the micro-blogging platform website attracted 51.6 million unique users, up 7.1 million from...

Project Kangaroo finally finds a home at Arqiva

Former Eurosport UK managing director Pierre-Jean Sebert has been appointed CEO of Arqiva’s new video-on-demand service that will be built on the infrastructure of the former Project Kangaroo. The transmission company plans to use the assets to launch a new...

Nokia plans ‘mobile bank accounts’

Nokia is planning to launch a mobile financial service targeting consumers, mainly in emerging markets, with a phone but no banking account. The Nokia Money service is based on the mobile payment platform of Obopay, a privately-owned firm that Nokia invested in...

Fashion drives online retail growth

Online sales have soared despite the recession, as people turn to the Web to save money, according to new research. The data, from the IMRG Capgemini e-Retail Sales Index, indicates that shoppers spent £4.2 billion online in July, 15.7% more than was spent in June and...

Twitter to start selling premium accounts ‘this year’

Twitter co-founder Biz Stone has outlined plans to roll out commercial accounts later this year, targeted at businesses. In an interview with publication Venture Beat, Stone said the company is in the first phase of introducing the accounts.The new service will let...

Microsoft, Amazon and Yahoo oppose Google book search

Microsoft, Amazon.com and Yahoo plan to join a consortium to fight a proposed settlement Google has made with authors and publishers over its Google Book Search service. In May this year, Google said it planned “to build and support a digital book ecosystem to...

Twitter to track location of Tweets

Twitter is planning to add a location feature to its microblogging platform, opening up new opportunities for marketers in the process. Commenting on his blog, Twitter co-founder Biz Stone said: “A new API will allow developers to add latitude and longitude to...