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Spencer E. Ante, Reporter, The Wall Street Journal in Media on April 17 at 11:45 am PT
Facebook Inc.’s deal for photo-sharing service Instagram and the IPO of advertising network Millennial Media Inc. prove that the smartphone boom can produce billion-dollar valuations for makers of mobile software and services.
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Spencer E. Ante, Reporter, The Wall Street Journal in Social on March 8 at 4:30 pm PT
Instagram is poised to raise a new round of financing that will value the popular photo-sharing application at as much as $500 million, people familiar with the matter said, despite some skepticism that the fast-growing company will find a way to make money.
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Spencer E. Ante, Reporter, The Wall Street Journal in News on September 30, 2011 at 10:38 am PT
International Business Machines Inc. topped rival Microsoft Corp. in market valuation for the first time since 1996, the latest sign of the technology industry’s shift in emphasis away from the personal computer.
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Spencer E. Ante and Lauren Pollock, Reporters, The Wall Street Journal in Mobile on July 22, 2011 at 5:00 am PT
Carl Icahn lit a fire under shares of Motorola Mobility Holdings Inc. and opened up a potential battle with the company’s board, as the activist investor said he has urged the firm to explore options for its patent portfolio, in the wake of the $4.5 billion deal for Nortel Networks Corp.’s patents.
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Spencer E. Ante, Reporter, The Wall Street Journal in News on July 12, 2011 at 6:30 am PT
Spurred by their appetite for technology companies and seeking higher returns, a growing number of hedge-fund managers have started to invest more in private Internet companies.