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France Telecom's Orange has announced plans to buy a 49% stake in video sharing site Dailymotion for €58.8 million ($79.9 million). Furthermore, Orange plans to increase its ownership in Dailymotion to 100% from 2013, with the overall value of the deal being €120 million ($163.2 million).
France Telecom To Buy 49% of Video-Sharing Site Dailymotion
Obama: "We Are a Nation of Google and Facebook"
In addressing American innovation in the State of the Union Address , President Obama called America a nation of Google and Facebook. The mention is significant not only because Obama has been known for leveraging social media , but also the timing of the mention. Google announced many job openings today and the Associated Press reported that the company could hire more than 6,000 people this year .
Samsung posted positive fourth quarter results Friday morning. The company attributed its success partly to "outstanding sales" of smartphones and its Android-based tablet, the Galaxy Tab . A report from Korean site Yonhap News claims that Samsung actually sold more than 2 million Galaxy Tabs in its first three months on the market, although we were unable to independently confirm the fact.