Tech Business Recap: Sky Cleared By Ofcom, Trulia’s IPO Outstanding
These were Thursday’s top stories:
The United Kingdom media regulator Ofcom has found that the News Corporation (NASDAQ:NWS) affiliate British Sky Broadcasting is “fit and proper to hold its broadcast licenses.” At the same time, the regulator criticizes the former Sky Chairman James Murdoch, remarking that his behavior was “difficult to comprehend and ill-judged” and also that he “repeatedly fell short” of his duties. Murdoch is currently the deputy chief operations officer at News Corp.
Don’t Miss: Spotlight: RIM’s Fight for Mobile Market Share.
Samsung (SSNLF.PK) now plans to add the iPhone 5 to its list of patent lawsuits against Apple Inc. (NASDAQ:AAPL). The former says that, “Based on information currently available,” it calculates that the iPhone 5 will infringe its IP “in the same way as the other accused iPhone models.”
Trulia’s (TRLA) initial public offering is going quite well, as its shares opened $22.10 and closed a penny over $24, substantially above its IPO price of $17. Meanwhile, competitor Zillow (NASDAQ:Z), however, closed a bit higher, following the announcement that the underwriters for a recent stock offering have exercised their option to buy an additional 420,000 shares from the firm at $43.
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