In a Big Mobile Move, Pivotal Buys Xtreme Labs for $65 Million in Cash

You need to be mobile in the enterprise, says the cloud-based joint venture of EMC and VMware.


Vodafone, Verizon Agree on $130 Billion Deal

Negotiators for Verizon Communications Inc. and Vodafone Group PLC have agreed to a deal in which Verizon will pay about $130 billion for the U.K. company’s stake in their U.S. joint venture, a person familiar with the matter said.

News Byte

Fab To Create Japanese Joint Venture as It Lands Another $5 Million

Fab has added another $5 million investment to its now-$165-million Series D investment round, with Itochu Corporation joining the fold. Fab CEO Jason Goldberg said in a blog post that the two companies “will endeavor to develop a joint venture agreement that will mutually invest in bringing Fab to Japan in 2014.” The e-commerce startup continues to view Asia as a big opportunity, even as it slashes staff elsewhere in the world.


Penguin, Random House Ink Deal

Pearson PLC and Bertelsmann A.G., two of the world’s biggest media groups, agreed Monday on a plan to combine their book-publishing operations, Random House and Penguin.

It’s Official: Yahoo Lays Off 2,000 Employees — 14 Percent of Workforce

CEO Scott Thompson promises that Yahoo, after staff cuts of 14 percent of the entire workforce, will be “smaller, nimbler, more profitable and better equipped to innovate as fast as our customers and our industry require.”

Yahoo’s Layoffs Tomorrow Morning of up to 2,000 Will Only Be the First Move of a Larger Purge to Come

A dark day will probably dawn by tomorrow in Sunnyvale.

Verizon Teams With Redbox for a Netflix-Style Video Service

Here’s the Netflix-style video service that Verizon wouldn’t talk about a couple months ago — a joint venture with Redbox, which has an uneasy relationship with a lot of big media companies.

Sony Unloads LCD Venture Stake on Samsung

Sony sells off its nearly 50 percent stake in its LCD manufacturing joint venture with Samsung.


AT&T, T-Mobile Mull Plan B

AT&T Inc. and Deutsche Telekom AG, the parent of T-Mobile USA, have discussed forming a joint venture that would pool network assets from the two U.S. wireless carriers as an alternative transaction if their current acquisition deal falls apart, people familiar with the matter said.

Exclusive: Mickie Rosen to Join Yahoo as Audience Head

Yahoo is hiring former News Corp. and Disney online exec Mickie Rosen to run its Audience unit, which includes the Silicon Valley Internet giant’s powerful content sites, sources said. Rosen will report to Americas head Ross Levinsohn, who has worked with her before, both at News Corp. and Fuse Capital. The move is Levinsohn’s first management rejiggering since he took over last year, and there is likely to be more to come.

Hulu’s Growth Curve Flattens Out

Hulu: We’re Profitable, Booming