Newsreel [Oct 31] Disney buys Lucasfilm, makers of Starwars, for $4 Billion

Disney buys maker of Starwars Lukasfilm for $4 Billion: Two iconic companies are coming together. Walt Disney Co has agreed to buy George Lucas’s Lucasfilm Ltd. for $4.05 billion in cash and stock, adding “Star Wars” and “Indiana Jones” to a roster of film hits including “The Avengers” and “Finding Nemo.” Lucas, 68, the sole owner, will receive half in cash and the balance in stock, becoming a major investor in the film, theme-park and TV company, according to a statement today from Burbank, California-based Disney. Disney has already bought up Pixar and Marvel, two of hollywood’s most lucrative franchises. Read more here.

Why did Lucas sell the company? Watch him explain here.

Acer delays Windows RT tablets after Microsoft moves into market:  Taiwanese computer maker Acer is putting off the launch of tablets using Microsoft’s (MSFT.O) new Windows RT operating system to give itself time to see how Microsoft’s own Surface tablet fares. The world’s No. 4 PC vendor by shipments initially planned to roll out Windows RT tablets based on ARM (ARM.L) chips early next year. Read more here.

Microsoft CEO says 4 mln Windows 8 upgrades since Friday: Microsoft CEO Steve Ballmer announced that Microsoft sold 4 million Windows 8 updates since the operating system went on sale last Friday. In addition, Microsoft noted, the company has shipped “tens of millions of copies” to its partners. Read here.

Sandy drives people to FB and Twitter: Facebook Inc. and Twitter Inc. became conduits of information for people seeking help or solace as superstorm Sandy ravaged the U.S. East Coast, reinforcing social media’s importance in connecting people during a crisis.  On Facebook’s Talk Meter, which measures conversations on specific subjects, Sandy was the second-most popular U.S. topic for 2012, with only the Super Bowl driving more activity, according to the owner of the world’s largest social network. Some of the most-shared terms early today on Facebook were “we are OK,” “power” and “damage,” the company said. Read.

Sony’s TV Business: Like Chrysler? Or Oldsmobile?: Chief Executive Officer Kazuo Hirai is treating his TV unit like another Chrysler Group LLC: An ailing business that can be revived with sufficient cash. Investors say it’s more like General Motors Corp’s Oldsmobile, better shuttered than saved. Hirai has pledged to make profits at the TV unit by March 2014 after losing 692 billion yen ($8.7 billion) in the past eight years. He cut the number of models and ended a panel- making venture as part of his turnaround plan. Investors say it’s too much effort for too little return. Read more here.

IBM inks MoU with Startup Village UP to train students for IT: IBM and Startup Village Uttar Pradesh have signed a Memorandum of Understanding (MoU) to offer engineering students and young professionals with knowledge and skills which will better position them in the IT industry. Read complete post here

Senior hiring slows down: Only  51% of employers expect to increase headcount, after backfilling for attrition, by March 31, 2013 as per a survey conducted by, India’s job search and career portal focussed exclusively on senior professionals. Of the 51% ‘optimist employers’ – those who anticipate an increase in headcount in their organizations – 87% expect to grow the total employee strength by 6-20%. However these gains are offset to an extent by stagnant headcount or active downsizing in the remaining 49% of employers. Read complete post here

Leave a Reply