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News Corp. and NBC Universal working with AOL, MSN, MySpace, and Yahoo! to compete against Google’s YouTube

News Corp. and NBC Universal working with AOL, MSN, MySpace, and Yahoo! to compete against Google’s YouTube

Stock Photo

[Best Syndication] News Corporation along with NBC Universal are going to launch the largest internet video distribution network that has ever been seen on the internet. This will be a large selection of television and film on the internet that will be distributed through AOL, MSN, MySpace and Yahoo!. The new media sight is scheduled to be launched sometime this summer.

This new website will allow users unlimited access to their content of dozen of networks and two major film studios. They will make money from advertisers and already have charter advertisers that include Cadbury Schweppes, Cisco, Esurance, Intel and General Motors.

Nintendo Wii outsells Microsoft Xbox 360

Nintendo Wii outsells Microsoft Xbox 360

Nintendo Wii Remote Controller

This past fall we saw the release of two popular gaming consoles, the Ninetendo Wii and the Microsoft Xbox360. A market research firm NPD found that the Ninetendo Wii sold the most game console units in the United States for the month of February. Ninetendo Co. Ltd., was excited with this accomplishment and announced their success of selling more than 335,000 Wii game console units.

One game system did outsell Ninetendo’s Wii, it was the portable Nintendo DS which sold 485,000 units. With these two top selling game consoles, Ninetendo has a 54 percent of the game console market than those of all other competing manufacturers combined.

Cisco Systems will Buy WebEx Communications for $3.2 Billion in Cash

Cisco Systems will Buy WebEx Communications for $3.2 Billion in Cash

Webex Website

Cisco Systems announced today that they will purchase WebEx Communications for $3.2 billion in cash. That breaks down to $57 per share, according to a report by Forbes.

WebEx Communications is an online conferencing company that is geared toward small businesses. Users can sign up for a 14 day trial of their video conferencing and the company reports that they have 3.5 million individuals that are using their software each month. Their pay-as-you-go cost to host a video conference is currently at 33 cents per minute.

WebEx Communications was founded in 1996. With a phone and access to their website users are set up for online meetings, holding large scalable on-line events, shareholder presentations, and webinars. There is also an ability to offer interactive training classes through their website. It can also be used for technical support issues as well as having online sales presentations.

Microsoft To Buy Tellme Networks – Video Shows How Much Microsoft Needs Speech Recognition Software Company – MS Missteps

Microsoft To Buy Tellme Networks – Video Shows How Much Microsoft Needs Speech Recognition Software Company – MS Missteps

Microsoft Jeff Raikes (L) and Tellme Mike McCue

(Best Syndication) Microsoft (Redmond WA) announced their plans to acquire Tellme Networks Inc. (Mountain View, CA). Although the company refused to disclose the price, reports put the value anywhere from $800 million to over $1 billion. Microsoft is expected to pay over $1 billion.

Tellme technology is currently used for voice services, including nationwide directory assistance, enterprise customer service and voice-enabled mobile searches. Microsoft says the technology can also be used for their office suite and mobile search, as well as other applications.

Express Scripts Inc Raises Bid As CVS Shareholders Approve Caremark Purchase – Meeting Friday To Consider Offer By Pharmacy

Express Scripts Inc Raises Bid As CVS Shareholders Approve Caremark Purchase – Meeting Friday To Consider Offer By Pharmacy

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(Best Syndication) CVS Corporation said that voting against the proposed merger will leave the Caremark shareholders with “substantial uncertainty and risk”. CVS said in a statement that the benefits were laid out on March 12th when the Institutional Shareholder Services (ISS) recommended that Caremark (Nashville Tenn.) shareholders vote to approve the merger on Friday.

Express Scripts Inc. (Maryland Heights, Mo.) said Thursday that they would raise the cash part of their $27.8 billion offer for Caremark. They say that they have been shut out of conducting confirmatory due diligence, according to a report from Reuters.

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