Twitch was just acquired by Amazon for $970 million in an all-cash deal. A few months ago, it was looking like Google would be the buyer for $1 billion. No word yet on why the reported Google deal fell through.
Google has showcased a new-generation, slimmer Nexus 7 tablet that the internet search company hopes will expand its presence in consumer hardware, and ensure that its online services remain front-and-centre on mobile devices.
The latest Nexus 7, featuring a Qualcomm Snapdragon processor and a higher display resolution, will go on sale in the US on 30 July priced at $229 (£149) for a basic version with 16 gigabytes of storage. The original year-old tablet started at $199 for an 8 gigabyte version.
Google Inc. (GOOGL) has expanded its online shopping and delivery service to three more states today. The move by Google will intensify competition with its self-proclaimed and biggest competitor, Amazon.com Inc. (AMZN).
Google's biggest event of the year, Google I/O, starts Wednesday with a two-hour keynote presentation starring the company's top executives. Google I/O is the company's developers conference, but it's also the event that sets the tone for most of the company's consumer products for the next year or so.
By Robert Freedland:
Like so many of you fellow investors, my life is surrounded by Google (GOOG) and its applications. I check my Gmail account all day long, search on Google to find everything from the telephone number my wife is asking me to locate to the hours and the location/map to the local Home Depot store.