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NEW YORK: AOL announced plans to sell more than 800 patents to Microsoft in a $1.056 billion deal giving the struggling Internet pioneer a needed cash injection as it seeks to fend off pressure from shareholders. || Read more

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SAN FRANCISCO: Facebook announced Monday that it had reached an agreement to acquire Instagram, describing it as “a fun, popular photo-sharing app for mobile devices,” for $1 billion in cash and shares. || Read more

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ISLAMABAD: The government is going to shortlist three major contenders for selection of consultant by next week for high profile transaction of third generation (3G) technology that possesses potential to bring investment of over $1 billion, it is learnt. || Read more

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SAN FRANCISCO: Yahoo! on Sunday announced the appointment of three independent board members as the struggling Internet firm moved to shake up its team and fend off a challenge from an activist hedge fund. || Read more

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While 59 per cent of the experts surveyed for the study felt that the Web would continue to thrive, they also thought “apps” for gadgets such as smartphones and tablets would power an “anti-Internet” used only to connect to services such as films or Facebook feeds instead of for open exploration || Read more

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Apple Inc’s new iPhone will have a sharper and bigger 4.6-inch “retina” display and is set to be launched around the second quarter, a South Korean media reported on Thursday. || Read more

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Google’s international surveyors travel with 360-degree cameras, to collect panoramic images along Negro River in the heart of the Brazilian Amazon Basin, in this handout picture taken August 17, 2011 and released to Reuters August 18, 2011 || Read more

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SAN FRANCISCO: Hewlett Packard Co will merge its printer and PC businesses, combining two of its largest divisions as Chief Executive Meg Whitman tries to jump-start growth at the technology company || Read more

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Some video game players had hoped that Microsoft Corp. would unveil an upgrade at the E3 Expo in June, a big, yearly video game conference in Los Angeles where game makers show off new wares and titles || Read more

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A growing dissatisfaction among office workers with the clunky computers their employers force them to use, in contrast to the sleek Apple devices many have at home, could yet benefit incumbent suppliers like Dell, a top Dell executive said || Read more