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Facebook to buy Instagram for $1 bn
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Washington: Facebook will purchase the popular photo sharing app Instagram for $1 billion, Facebook's CEO Mark Zuckerberg has announced.
"For years, we've focused on building the best experience for sharing photos with your friends and family," Zuckerberg said in a Facebook post Monday.
"Now, we'll be able to...
Sky News admits hacking emails
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London: Rupert Murdoch's Sky News channel has admitted to hacking emails by authorising its reporters on at least two occasions.
The potentially embarrassing revelation can further dent the media tycoon's hope of acquiring full control over satellite broadcaster BSkyB, The Independent reported.
In a statement, Sky News said that...
Yahoo! to cut 14 percent workforce, 2,000 people to lose jobs
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Washington: Yahoo announced Wednesday it will cut 2,000 jobs, about 14 percent of its workforce, as the troubled internet company struggles to turn around its fortunes.
This could be the first of several rounds of cuts, CNN reported.
Yahoo's new CEO Scott Thompson, who joined the company in January, plans to provide more information...
Possible Worldwide to acquire digital agency Carnation in Hungary
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WPP announces that its wholly-owned operating network Possible Worldwide, the global interactive marketing agency, has agreed to acquire all of the shares in Carnation Internet Tanácsadó Zrt in Hungary (“Carnation”).
Founded in 1997 and headquartered in Budapest, Carnation is a full-service digital marketing services...
WPP acquires Crowdverb, an advocacy firm in the US
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WPP announces that its wholly owned subsidiary Burson-Marsteller has acquired the assets of Crowdverb and that it will be aligned with Direct Impact, a leading grassroots advocacy firm that is also part of Burson-Marsteller.
Crowdverb is a start-up company based in Seattle, Washington, with an office in Austin, Texas. Crowdverb specializes...
WPP acquires EffectiveUI in Denver, Colorado
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WPP announces that it has acquired all the assets of EffectiveUI, Inc. ("EffectiveUI"), a leading user experience agency that designs and develops custom web, mobile, desktop and touch-enabled applications.
Founded in 2005, EffectiveUI is based in Denver, Colorado with an additional office in Rochester, New York and employs 100...
BBC launches international search for Chief Business Correspondent
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The BBC is launching an international search for a new role of Chief Business Correspondent as part of a major drive to expand the breadth and depth of its international business coverage.
Based in East Asia, the BBC is looking for a heavyweight journalist who can bring fresh global perspectives and break major stories from around the world.
Whilst...
US sanctions on state media ‘hostile’: Syria
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Damascus: Syria has condemned the latest US sanctions against the state media, and termed the measures as "hostile", Xinhua reported.
"Imposing sanctions on a national media institution, which expresses the voice of the Syrian people and their interests and aspirations, exposes the hectic media campaign against Syria,"...
Meredith Completes Acquisition of Allrecipes.com From Reader’s Digest
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Des Moines : Meredith Corporation and The Reader's Digest Association Inc. announced today that they have closed on the transaction for Meredith to acquire Allrecipes.com, the world's No. 1 digital food brand.
The acquisition of Allrecipes.com places Meredith first in comScore's Food Community rankings, and more than doubles...
Dubai Lynx sees over 2000 entries into 2012 awards
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1 March 2012 – The 6th Dubai Lynx Awards, the premier awards celebrating creative excellence in MENA’s advertising and communications industry, has received a total of 2,037 entries from 17 countries.
Entries have been submitted into 14 entry categories, including the newly launched Mobile and PR: Film (237 entries), Film Craft...