Goldman Sachs (GS) which had already invested $450 million in social networking site Facebook, decided to restrict its scale of shares to investors outside the United States. Goldman Sachs is expected to raise as much as $1.5 billion from investors for Facebook. Facebook would certainly benefit from not being seen...

US group buying company, Groupon is in talks with Chinese internet major Tencent Holdings Ltd. for a partnership, Terms of the deal weren't clear, but it was likely to involve some sort of co-branded joint venture. Tencent is the dominant social network in China, thanks to its instant messaging platform...

On Friday night at exactly 9:00 p.m. Jeff Bowen posted a new entry on the Facebook Developer blog, that it would give developers of applications access to the contact information of users who install their apps. "These permissions must be explicitly granted to your application by the user via our...

Chinese e-commerce called E-Commerce China DangDang (DANG) , or DangDang for short CEO Li Guoqing said Morgan Stanley undervalued the Chinese e-commerce operator when arranging its $272 million initial public offering last month. "I am openly here criticizing investment banks, criticizing Morgan Stanley," Li said yesterday in a posting on...

In the race for this year's issue of the United States news magazine's award Zuckerberg overtook significant candidates – Afghanistan's president Hamid Karzai, the Chilean miners, the Tea Party and probably the most controversial among the others – Julian Assange, the founder of Wiki Leaks. But Facebook CEO has invited...

US independent medical examinations provider ExamWorks Group Inc (EXAM) said it planned to buy Texas-based MES Group Inc for about $200 million in cash and stock, including USD10m in debt. MES' Veterans Evaluation Services business remains outside the deal. The takeover price comprises USD175m in cash and 1,424,501 ExamWorks shares...

Lionel Messi, Barcelona and Argentina star, became the inaugural winner of the FIFA Ballon d'Or - the FIFA Men's World Player of the Year 2010, at the awards ceremony in Zurich, Switzerland. The award is a fusion of Fifa’s Player of the Year gong, inaugurated in 1991, with France Football...

The brand expands its presence across the UAE, opening new stores in Dubai Marina Mall and Abu Dhabi Mall and increasing its floor space in Dubai Mall Koton, the international fashion brand owned regionally by Landmark International, has recently expanded its presence across the UAE, highlighting the continued profitability of...

A settlement Facebook Inc. agreed with Tyler and Cameron Winklevoss for a package of cash and stock worth about $65 million two years ago, but they have sued to upend the deal, they charge the deception cost them millions and now want more money. In a courtroom in San Francisco,...