Roundup: Facebook’s cashout, Google-Yahoo delayed and more
Here’s the latest action:
Google and Yahoo delay ad deal — The delay gives the Justice Department more time for its antitrust investigation. This news, as well as calls by Sen. Herb Kohl (chair of the Senate Antitrust Committee) for more scrutiny, probably doesn’t bode well for the deal, though it may buy the tech companies more time to negotiate.
Wells Fargo plans merger with Wachovia — Friday’s announcement came only four days after Citigroup agreed to buy Wachovia’s… Continue Reading
Microsoft — the Facebook of the enterprise?
Microsoft will provide the nation’s fourth largest bank, Wachovia, with a social-networking platform for its 100,000 plus employees over the next few months, CIO Insight is reporting.
It will provide the bank with a user-friendly “knowledge-managment” platform akin to the popular Facebook, integrated with Wachovia’s business applications.
This is significant because it steals the limelight from a gaggle other contenders trying to serve corporations with social networks. There’s also a notable comment from Wachovia’s director of eBusiness… Continue Reading