Here are the most relevant news in tech and retail this week.
In Tech:
- Elon Musk opens up Tesla patents to encourage car makers to build more electric cars
- Google acquires Skybox, a satellite imaging startup for half-billion dollars
- Amazon quietly introduces music streaming for Prime members
- AT&T promises better prices to US regulators with its proposed $48.5B merger with DirecTV
- Priceline will buy restaurant reservations site OpenTable for $2.6B in cash
In Retail:
- Alibaba continues to build its portfolio before its upcoming IPO in New York, buys UCWeb, one of China’s biggest web browsers
- Inditex SA, the owner of Zara, reports 7.3% dip in first-quarter profits but beats estimates as company gains on e-commerce expansions
- Lululemon Athletica reports better-than-expected profits per share for fiscal first-quarter but reduces full-year financial forecasts, shares plunge
- Alibaba opens US-based shopping site 11Main.com in invitation-only beta
- eBay focuses on international expansion, acquires AppTek for its translation technology while PayPal launches PassPort, a website geared for global sales
Interesting info.
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