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Wal-Mart in talks to buy online retailer Jet.com: report

Jet.com much worth more than $ 3000000000 could be, the Journal said, referring to people familiar with the matter. Wal-Mart spokesman Greg Hitt...

 

Wal-Mart in talks to buy online retailer Jet.com: report

Jet.com much worth more than $ 3000000000 could be, the Journal said, referring to people familiar with the matter.

Wal-Mart spokesman Greg Hitt declined to comment and Jet could not be reached immediately for comment.

The world’s largest retailer is playing catch with Amazon.com Inc distribution and technology. The acquisition could give it access to Jet.com innovative pricing software, network of warehouses and customer data.

For the past five years, Wal-Mart has been on an acquisition spree, buying 15 startups in an effort in the talent and technology needed to drive e-commerce growth to bring. This includes social data analysis starts its nuclear Silicon Valley become technology arm @WalmartLabs.

Although Wal-Mart does not mean that spending on the acquisition, it has a total of $ 3100000000 for revealed e-commerce and digital projects, such as the platform and new warehouses in the four fiscal years until January 2017.

Wal-Mart has a majority stake in the Chinese e-commerce company Yihaodian in 2012, but sales in June to JD.com Inc., which is China’s second largest e-commerce company.

Despite his investment, Wal-Mart has not projected when online business earnings and by converting its target of growing 20 to 30 percent per year can be difficult to achieve.

Wal-Mart’s online business struggled and posted its slowest growth in a year in the last quarter. Online sales were $ 13700000000 in 2015, according to the company Internet Retailer survey.

Wal-Mart said recently that all changes caused by reloading the e-commerce, including the installation of a new technology platform and built new warehouses, have contributed to the recent slowdown in growth.

A July 2015 study by consulting firm Kantar Retail is the extent to which Amazon has eaten at Wal-Mart customer base. The survey found that 48 percent of copper at Wal-Mart Supercenters’s orders weekly or monthly at Amazon.com on that frequency in the yard Wal-Mart placement, double the rate shopping.

The help acquisition of Jet Wal-Mart in the establishment of a larger online presence, analysts say. The start launched in July 2015 and has more than $ 500 million in the capital of venture capital companies.

initial strategy Jet’s large up-front discounts and the lowest prices on items based on a unique prys formula that factors into consideration such as basket size, provides for an annual $ 50 fee. But three months after launch, Jet change strategy and eliminated its subscription model.

Wal-Mart shares closed 0.3 percent lower at $ 72.94 on the New York Stock Exchange.

(Reporting by Nandita Bose in Chicago and Sruthi Ramakrishnan in Bangalore; Editing by Savio D’Souza and Tom Brown)

Nintendo to stop production of Wii U videogames – Nikkei report

 

Nintendo to stop production of Wii U videogames - Nikkei report

A few parts of the machine has been stopped, and parts inventory will dry up this year, according to the Nikkei.

Nintendo’s Wii console, however, behind Sony Corp.’s PlayStation and Microsoft Corp. Xbox, while the rise of smartphone games won many gamers.

Nintendo could not be reached immediately for comment.

(Reporting by Vishal Sridhar in Bangalore; Editing by Bill Rigby)

Snapchat’s daily video views triple to 6 billion: report

 

Snapchat's daily video views triple to 6 billion: report

The Financial Times said Snap Chat confirms the 6 billion figure, but declined further comment.

Facebook said last week that it doubled the daily view video from 4 billion to 8 billion in April, according to the report, which points out that the social networking groups fighting for eyeballs in the video segment is rapidly growing.

daily video viewing numbers Facebook consist of positions both desktop and mobile while Snap Chat necessarily made entirely of smartphone users, notes the report.

Snap Chat CEO Evan Spiegel said, may be that the company plans an IPO, but did not specify when it would happen. In 2013, Snap Chat rejected offer $ 3 billion from Facebook to acquire the company

(Reporting by Edward KrĂșdy; Editing by Andrea Ricci).

Yahoo in talks to buy stake in video site Dailymotion: report

 

Yahoo in talks to buy stake in video site Dailymotion: report

Yahoo Inc. is in talks to acquire a majority stake in Dailymotion, one of the most popular online video websites in the world, in what would be largest transaction Yahoo CEO since Marissa Mayer took the reins in July, The Wall Street Journal Tuesday.

Yahoo could buy up to 75 percent of Dailymotion, which is owned by the French company France Telecom-Orange telecommunications, the newspaper said, citing unnamed sources.

Dailymotion

could be worth about $ 300 million, according to the report, which noted that the agreement is not imminent and may fall apart.

“We are unable to confirm or deny or comment on speculation about possible talks between Yahoo and Orange at this time,” Dailymotion director Roland Hamilton said in an e-mailed statement.

Yahoo and France Telecom-Orange has declined to comment.

France Telecom-Orange Dailymotion acquired for $ 170 million by an agreement in two phases, with the completion of the transaction, the most recent in January. Editorial Dailymotion and management operate independently from France Telecom-Orange.

Dailymotion is the number 12 ranked online video web property in the world, according to comScore research industry. Dailymotion he says has 116 million unique visitors per month and more than 2 billion video views. Google Inc., which owns YouTube, is World No. 1 video on the web, while the ownership of several websites Yahoo was 10th on the list.

transaction would Dailymotion biggest transaction since Yahoo Mayer, a former executive of Google, took over last year. Yahoo has acquired several small businesses and mobile web startups since Mayer became chief executive last year.