Japan’s Rakuten Set to Challenge Amazon With Help From Kobo

Who is Amazon’s biggest competitor? It may be a Japanese-based company you’ve never heard of.
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Is Nexon’s Lukewarm IPO Reception a Bad Sign for Zynga?

Is Nexon’s experience of raising $1.2 billion on the Tokyo stock exchange this week a sign of what’s to come for Zynga?
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Zynga’s Valuation Withers 30 Percent Since February

Zynga’s initial public offering remains on track to raise $1 billion, but the social games company may not be worth as much as it was hoping for.
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Zynga Ups the Ante on IPO to Raise as Much as $1.15 Billion

Zynga is officially on its way to IPO-Ville.
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HTC's Net Profit Nearly Triples

HTC Corp. said Friday its first-quarter net profit nearly tripled, driven by strong growth in handset shipments. The Taiwan-based company is now neck-and neck with Nokia Corp. in terms of market capitalization.

Websense Explores Sale of Company

Web security software company Websense Inc. is exploring a sale with the aid of investment bank Qatalyst Partners, people familiar with the matter said. San Diego-based Websense has a market capitalization of $826 million and could fetch around $1 billion in a sale, these people said.

News Byte

Apple, Microsoft Rubbing Fenders Down the Straightaway

Much note was paid in April when Apple’s market capitalization moved past that of Microsoft, but thanks mostly to some backsliding by Apple, the title of world’s most valuable tech company is still up for grabs heading into earnings week for both. More bragging rights are at stake in the quarterly revenue race, where some analysts think Apple may beat Microsoft for the first time ever.

And…Boom: Apple Worth More Than Microsoft

And there it is. Today Apple, not Microsoft, is the world’s most valuable technology company. As I write this, Apple shares are trading at $244.87, giving it a market capitalization of $223.1 billion. Meanwhile, shares of Microsoft are trading at $24.79 and the company’s market cap sits at $217.78 billion.

Whoa! A Tech Acquisition!

The first high-profile tech acquisition in months took place Thursday, but don’t take that as a harbinger of more deals. Autonomy, a U.K. company that makes software that businesses use to track corporate information, acquired Interwoven, a San Jose, Calif., document-management company, for $775 million in cash. Autonomy will sell some stock and tap a new line of credit in order to finance the deal.