Publicis, Omnicom Close to Merger Deal

Omnicom Group Inc. and Publicis Groupe SA, the world’s second- and third-biggest advertising companies, respectively, are near a deal to merge, people familiar with the situation said, creating what would be a $30 billion behemoth. If a deal is completed, it would be billed as a merger of equals. The two companies each have a … Continue reading

Twelve Things About Voxer’s Tom Katis

Frustration was the impetus for Tom Katis to co-found Voxer in 2007. While he was serving in the U.S. Special Forces in Afghanistan, he experienced the limitations of communication via military walkie-talkie firsthand. Now his push-to-talk app is looking to be the Nextel of the future, with free Voxer Pro and Voxer Pro for Business … Continue reading

Uh-Oh, Canada

When I heard that the troubled Obamacare Web site was built by a Canadian company, of course I felt personally responsible. … I’ll be happy when the glitches are all worked out and everything’s running smoothly, so I can put this all behind me. – Montreal-born Barry Blitt, who drew the cover for next week’s … Continue reading

Dropbox Seeks Funding Round at $8 Billion Valuation

Online-storage service Dropbox Inc. is raising a funding round that could value it at more than $8 billion, according to people familiar with the situation, though new figures reveal its revenue growth is decelerating. The talks with investors to raise around $250 million are still early and no valuation has been agreed upon, said a … Continue reading

Activision to Buy Back Most of Vivendi’s Controlling Stake

Activision Blizzard Inc. said it has reached an agreement to buy back nearly $6 billion worth of Vivendi SA’s holding in the company, ending months of negotiations over the fate of the videogame giant. Santa Monica, Calif.-based Activision said Thursday it will buy 429 million shares for about $13.60 per share, reducing Paris-based conglomerate Vivendi … Continue reading

QOTD: The Game That Changed Everything

The act of borrowing ideas is integral to the creative process. There are games that came before Infiniminer and there are games that will come after Minecraft. That’s how it works. – Zachary Barth, creator of the open-source game “Infiniminer” – the inspiration for Minecraft – who is tired of being asked if he feels … Continue reading

Lenovo Group’s Profit Jumps, Beats Expectations

Chinese personal-computer maker Lenovo once again beat expectations, posting a 36 percent increase in its quarterly net profit, and struck a confident note about its prospects on robust tablet demand and recovering PC sales. Lenovo’s solid results come amid lingering concerns about the PC industry’s future. Despite some signs of recovery, traditional PC makers are … Continue reading

Priceline’s Longtime CEO Hands Over Reins

Priceline.com replaced its longtime chief executive with the boss of its most profitable hotel-booking unit, ending an 11-year tenure that oversaw one of the most dramatic turnarounds of the past decade. Chief Executive Jeffery Boyd, 56 years old, said he would hand the reins of the online travel company to Darren Huston, 47, a former … Continue reading

QOTD: Silver on Perception

I think, editorially, a big decision is the stories you don’t cover. The things you don’t say is just as important as what you do. Because when you lend a weight of authority to a story just by covering it, that affects the way people perceive that story and the way it sometimes even plays … Continue reading

SAP Profit Jumps but License Business Struggles

SAP AG, the world’s biggest business software maker, Monday reported a jump in third-quarter profit, but currency swings caused a slowdown in revenue growth and its core business in software licenses continued to slide as customers migrated to Web-based products. Net profit at the Walldorf, Germany-based company rose to 762 million ($1.04 billion) in the … Continue reading

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