Stories about: NEWS CORPORATION

Recent reporting on funding received by business social networking site LinkedIn has speculated that the site is worth just over US$1 billion, based on a 5% stake that several equity firms recently took for US$53 million. The equity firms would be looking to recoup significant returns on their investments, so their internal valuation of the site would be much higher than the current billion dollar valuation.

Touting the possibilities for broadband services, satellite TV company EchoStar Communications made a public offer Sunday to buy its larger rival, Hughes Electronics Corp., for US$32.3 billion in a stock-for-stock swap.

Avaya Communications has won a two-year, $60 million global networking solutions agreement with News Corporation.

Almost two months after he oversaw a significant restructure of the News Interactive division in Australia, Rupert Murdoch's local internet chief Patrice McAree is leaving to work in News Corp's New York operation.

As buy.com.au dipped beneath the waves late last week, its competitors took stock, hoping the market doesn't get much worse and the promised Christmas rush keeps the ball rolling.

Buy.com Inc.'s glitzy Australian etail site bit the dust today in another kick in the guts for the online retail business model.

Australian solutions provider Praxa has called in a new chief from Deloitte Consulting and undertaken a restructuring to get back to its core competencies. The NCR old boys network continues to operate at Aristocrat, and elsewhere some intriguing changes took place during the week.

buy.com has announced strong second quarter financial results, but profitability remains elusive. The e-tailing giant reported Q2 revenues of $US193.2 million, up 49.4 per cent compared to the same quarter last year. The growth was driven by a 195 per cent increase in new customer accounts, while repeat orders accounted for 62 per cent of sales.

Singapore Telecommunications Ltd. (SingTel) has opened a direct digital submarine cable link between SingTel and its Vietnamese partner, Vietnam Posts & Telecommunications Corp. (VNPT).

No sooner had the surprising news of America Online Inc.'s $190 billion purchase of Time Warner Inc. hit the street than pundits started speculating of a rash of Internet companies buying media firms. Don't count on it.

buy.com has announced stronger second quarter financial results, but profitability remains elusive.