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San Francisco – Microsoft, Yahoo and AOL are joining forces in an online advertising attack on Google and Facebook.
The alliance, announced on Tuesday, is designed to sell some of the less-prized ad space that Microsoft Corp, Yahoo Inc and AOL Inc have had trouble filling on their own.
Exclusive – The founding team of LiveChat, which delivers real-time software and web analytics solutions for e-commerce sales and support teams, has completed a management buy-out to regain control over the company, TechCrunch has learned. The founders were looking to get back a controlling equity stake in the company, and teamed up with PE firm Tar Heel Capital to acquire a 60% stake, effectively buying out investor Naspers, a massive South Africa-based media and investment group.
Microsoft just reported its first quarter 2012 earnings with revenues of $17.37 billion, an 7% increase from the same period of the prior year. Microsoft’s operating income was at $7.20 billion, its net income was $5.74 billion and its diluted earnings per share were at $0.68, a 10% increase from last year.
More than 45 Million Users Saving One Billion Files Every Three Days
Dropbox, a service that lets people bring their documents, photos and videos everywhere and share them easily, announced today that it has completed a $250 million Series B financing. The company will use the funds to accelerate its rapid growth, make acquisitions, pursue strategic partnerships, and grow the team. Dropbox has more than 45 million users saving one billion files every three days, and is on track to triple its user base in 2011.
IBM has released its third quarter results today, with non-GAAP diluted earnings coming in at $3.28 per share, compared with operating diluted earnings of $2.85 per share in the third quarter of 2010, an increase of 15 percent. Analysts were expecting $3.22 per share with revenue of $26 billion. The company posted diluted earnings of $3.19 per share, compared with diluted earnings of $2.82 per share in the third quarter of 2010, an increase of 13 percent.
