Hostile takeovers can be a bitter pill to swallow, but Netflix has adopted a "stockholder rights plan" -- also known as a "poison pill" -- to prevent activist shareholders from taking control. It could be a bitter pill for Carl Icahn, who last week bought a nearly 10 percent stake in the struggling ...
Billionaire investor and activist shareholder Carl Icahn has acquired a 10 percent stake in Netflix, according to a Wednesday filing with the SEC. The value of the 5.5 million shares is about $169 million. Icahn Capital believes that Netflix is undervalued and positioned for expansion both in the U....
Huawei reportedly has offered Australian authorities unfettered access to its software code in an effort to combat the perception that it is a security risk. In March, Huawei was barred from participating in the construction of Australia's National Broadband Network because of security concerns. Mor...
Boxee on Tuesday announced a new device, Boxee TV, which combines live TV, Web apps and a digital video recorder with cloud storage. The box hardware is based on a new chipset from Broadcom and runs software written from scratch for the device. The Boxee Box, which is the predecessor to Boxee TV, wi...
Cord-cutters now have a new option for content-viewing -- and possibly a major one at that. Google said Monday it was updating its Google TV platform, allowing users to buy or rent movies, TV shows and music through the Google Play store. Titles available on Google Play can be searched via its TV &a...
Dish Network is abandoning plans to develop Blockbuster into astreaming video service that would directly compete with Netflix, company founder and chairman Charlie Ergen said in an interview. Dish acquired the video rental chain for $320 million in April of 2011, months after Blockbuster filed for ...
Amazon began shipping its Kindle Paperwhite e-reader on Monday, to a chorus of praise from reviewers who had been allotted a unit in advance. Most of the positive remarks were about the screen, with its built-in lighting. A typical comment said the screen makes it the best e-reader yet. However, a f...
More viewers are using their TV screens to watch downloaded or streamed video content instead of the tinier screens on their laptops, tablets or smartphones, according to new research from NPD Group. The report found that over the past year, consumers using their TV as the primary screen when watchi...
Comcast has grown and changed so much over the last 15 years that many expect this wave to continue. It may, but for that to happen Comcast must realize the marketplace is changing and steer through the upcoming rapids. Can it do that? Back in the 1990s, Comcast was a small cable television company....
Major changes may be in store for Hulu that will loosen up the exclusivity of content on the online video site and pour more ads into the mix, according to a confidential internal memo obtained by Variety. The document discusses the possibility that in September, Hulu owners Comcast, News Corp. and...
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