Amazon Buying Lexcycle - Owning Stanza for iPhone
AMG/Macrovision Acquires Assets of Muze, Inc.
Still bleeding
Today We Bleed
Oprah to endorse Kindle?
Microsoft bringing Live Search Books to a closeToday we informed our partners that we are ending the Live Search Books and Live Search Academic projects and that both sites will be taken down next week. Books and scholarly publications will continue to be integrated into our Search results, but not through separate indexes.
This also means that we are winding down our digitization initiatives, including our library scanning and our in-copyright book programs. We recognize that this decision comes as disappointing news to our partners, the publishing and academic communities, and Live Search users....[W]e intend to provide publishers with digital copies of their scanned books. We are also removing our contractual restrictions placed on the digitized library content and making the scanning equipment available to our digitization partners and libraries to continue digitization programs.
Amazon to buy Audible
Glenn Rogers leaving Audible
Cindy Cunningham now at OCLC
Microsoft WinsMicrosoft is the winning suitor (Yahoo and Google being the other contenders) in the wooing of Facebook - for $240 million, MS gets a whole 1.6% stake in the company.
1.6%??????
Reports the Times:
As part of the deal, Microsoft will sell the banner ads appearing on Facebook outside of the United States, splitting the revenue with it. Last year, Microsoft struck a deal with Facebook to run banner ads on the site in the United States through 2011.
The astronomical valuation for Facebook is evidence that Microsoft executives believed they could not afford to lose out on the deal. Google appears to be building a dominant position in the race to serve advertisements online. Fearing it might lose control over the next generation of computer users, Microsoft has been trying to match and in some cases block Google’s plans, even if that effort is costly.
“We are now stepping outside what is typically a business decision,” said Rob Enderle, the founder of the strategy concern Enderle Group. “This was almost personal. I wouldn’t want to be the executive that’s on the losing side at either firm.”
....
The Microsoft investment throws the value of the holdings of Facebook investors into the stratosphere. Mark Zuckerberg, the 23-year-old Facebook founder who dropped out of Harvard to build the company, owns a 20 percent share which is now valued at $3 billion. Accel Partners, the venture capital firm that invested $12.7 million in May 2005 and owns 11 percent of Facebook, now holds stock worth $1.65 billion.
Ye gods. Staggering. Just staggering.
Dept of Holy Shit: Angus & RobertsonMichael Cader reports this morning that Angus & Robertson, the Australian book chain, has sent a letter to the publishers from which it buys its books, saying in effect that if A&R can't sell a certain number of each publisher's titles, those pubs will have to fork over cash to make up "the gap".
Jaw-dropping.
Dept. of Holy Shit - Sommers leaves SirsiDynix
Department of Holy ShitBut the two sides are likely to argue that the proliferation of Internet-based radio, digital music players, and new HD-radio formats creates a vigorous competitive market for such media. Indeed, in surveys, consumers rarely can differentiate between the two companies, which have spent hundreds of millions trying to appeal to them.
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