AOL Inc. revealed on Monday that it has acquired Nashville, Tenn.-based StudioNow, an online platform for video development and distribution, in a deal worth $36.5 million in cash and stock. However, some payment will be fulfilled over multiple years.

In its biggest investment to date, KDDI Corp, Japan's second mobile phone operator, has agreed to purchase Liberty Global Inc's 37.8 per cent stake in the Japanese telecommunication services provider Jupiter Telecommunications Co. , a move that will bring them in direct contact with millions of Jupiter's subscribers, a considerable addition to their customer base.

Official reports have confirmed that a group headed by Tishman Speyer Properties has decided to give up the plush Peter Cooper Village and Stuyvesant Town apartment complex, which was coming up in Manhattan, to its creditors, a move which is being viewed as a collapse of one the most luxurious and high-profile deal of the real-estate boom.

Ferrero, privately owned Italian confectioner, on Monday formally denied launching a rival bid for Cadbury PLC. This carved out the way for Kraft Foods Inc. to complete its £11.9 billion ($19.18 billion) buyout of the U. K. Company.

Ill fortune seems to bedevil Apple over its newly introduced Apple iMac that was released in the October of last year. Ever since issues over quality control that include broken and yellowed screens, graphical glitches and failure to boot have kept the technology department at the computer electronics giant busy to warrant a delay, with management pushing the delay window for two weeks.

Consumer electronics giant Sony India on Thursday unveiled its plans to boost its leadership status in the compact camera segment by aiming to reach 45 per cent market share in fiscal 2010-11 compared to 42 per cent the year ago.

Virgin Mobile on Thursday made an official announcement for the launch of its GSM services in the country, starting with five Southern circles namely Karnataka, Andhra Pradesh, Chennai, Tamil Nadu and Kerala.

Virgin Mobile has conglomerated with Tata Teleservices (TTSL) to launch VAS including voice services.

Reports are that Apple might be planning to launch CDMA and GSM version of its tablet for both 3G service providers, Verizon and AT&T.

Oracle Corp won unconditional European Union approval on Thursday from the European Commission for its $7 billion takeover of Sun Microsystems, a month post offering public pledges to tranquilize regulatory concerns.

Giant online retailer Amazon. com has announced a new royalty plan which offers authors and publishers more financial incentive, a move which looks to keep e-book prices under a controlled low, while allowing those who use the company's Kindle electronic reader platform to earn more for each book sold.