Softpedia News - Webmaster
- Amazon Got the Clothes.com Domain with the Zappos Deal
When Amazon acquired online shoe and apparel retailer Zappos for close to $1 billion it got a little treat in the deal as well, the clothes.com domain name. The domain was bought by Zappos last year for a cool $4.9 million, one of the biggest domain name transactions of the year. While currently used to house a custom Zappos page, it does show that the company may have plans to move further in the apparel business. The asset was actually disclosed in Amazon's regulatory SEC filing on the deal but it didn't surface until now. “In May 2008, we acquired the Clothes.com internet domain name from Idealab. The domain name was recognized as a purchased intangible asset with a useful life of 20 years. The entire purchase price of $4.9 million was assigned to the price of the domain name intangible asset and will be amortized on a straight-line basis over its remaining estimated useful life,“ the filing reads. The transaction would come only under Fund.com, which sold for close to $10 million in 2008, easily the second biggest deal of the year. This year showed a drop in the number and especially the value of domain name transactions but not by as much as the current economic conditions might have dictated so the deal would be very close to the biggest sale this year, Toys.com for $5.1 mill...
- Oracle, Sun Deal Under Scrutiny in Europe
Oracle is moving ahead with its acquisition of IT company Sun Microsystems but it may hit a few snags along the way. Rumors have popped up that the EU is concerned about anti-trust issues concerning the merger and is investigating if the deal could drive up prices in the market and limit competition. The Wall Street Journal reports, citing sources familiar with the proceedings, that European Union Competition Commission, Europe's anti-trust and monopoly outfit, has launched an investigation and has sent notes to Sun's competitors, especially concerned about some database technology, the Java programming language developed by Sun, and some “middleware” software. The companies have until the 13th of August to respond to the questionnaires. The aim is to find the extent of the overlap between the two companies and what technologies or markets would be affected by the merger. The questionnaires contain 120 questions and focus especially on the three areas that the EC is concerned about. This is the first step in the procedure and the EUCC has until September 3 to decide if the merger gets the go ahead or whether it will launch a full investigation. The commission is unlikely to block the merger altogether but it may decide to ask Oracle to make some concessions in the areas where there...
- Online Poker Law Proposed by U.S. Senator
New Jersey Senator Robert Menendez has introduced a bill called Internet Poker and Games of Skill Regulation, Protection and Enforcement Act that will try to establish a framework for online poker gambling and similar games. The bill introduces thorough reviewing and approval processes for online poker and gambling providers.Robert Menendez's attempt to overturn a law from 2006 that banned any kind of online gambling is the latest effort in this lobbying campaign that started three years ago with Congressman Barney Frank from Massachusetts.According to the proposed bill, any online poker and gambling business would have to go through a review process by the Treasury Department, which will examine all applicants for business records, proprietor background checks, financial status and previous owned businesses. Persons or companies that have been indicted for any kind of gambling and/or financial related violations will be automatically rejected.This bill will also introduce parental and security control features that will have to be incorporated by online gambling websites cleared by the Treasury Department's approval process. Gambling business owners will have to enforce an age limit policy, residence verification, online payment fraud protection and money laundering financial prevention.
Haikona! | Web Directory - InteligentD | www.inteligentd.com