Amazon will be buying its headquarters buildings in Seattle from Paul Allen-owned Vulcan Real Estate in a deal valued at $1.16 billion.
“We are truly excited that Amazon is making this long-term commitment to the South Lake Union community,” said Vulcan Inc Vice President of Real Estate Ada Healey in a news release, the Seattle Post-Intelligencer reports.
“We know they will be excellent stewards of this property and will continue to play a vital role in revitalizing South Lake Union and …

Jeff Bezos once negotiated with Netflix founders to acquire the company for $12 million, a new book reveals.
The revelation comes from the new book “Netflixed” which is written by Gina Keating, a former Reuters reporter.
According to the book, the Amazon founder met with Netflix cofounders Reed Hastings and Marc Randolph in 1999.
Apparently, Bezos wanted to discuss any way Amazon could have a business partnership with the company.
Furthermore, “Hastings also wanted to discuss selling …

Nokia has lost one of its most senior executives, former Vice President of Product Marketing Ilari Nurmi, as the company struggles to catch up with rivals in the smartphone market.
The news was confirmed by Reuters on Friday although the reason for the departure of the executive is yet to be known.
Nurmi, a long-time Nokia employee, confirmed the news himself in a post on Twitter on Monday saying:
I have left Nokia. I am thankful for almost 15y there. I wish Nokia all the best and look forward …

HP stock is technically worthless and is in fact really worth negative $2, an analyst has said.
According to Sterne Agee analyst Shaw Wu, the intrinsic value of HP is at a negative because of a pending $36 billion write-off.
“Their balance sheet is a mess. We calculated—I couldn’t believe this—the tangible book value -$2. The book value, when you look at it, says $16. But you have to take out the $36 billion in goodwill. They are going to write that off, the whole thing at some …

The online general advertising market in Australia grew 21% from June 2011 to June 2012 to reach $768 million, and is expected to grow at a CAGR of 14% till 2017. Online video was the fastest growing type of online general advertising inventory, growing 58% during that period.
Based on Frost & Sullivan’s report Australian Online General and Mobile Advertising Market 2012, published in October 2012, which includes a survey conducted with online advertisers in Australia, half …

On 2-4 October the third Forum “Global Innovation Partnerships – 2012″ was held in Moscow. The largest delegation of venture capital investors and heads of investor associations from China, Hong Kong, South Korea visited the Russian capital.
“Korea is interested in investment cooperation with Russia in hi-tech,” said Jin-Taek Park, head of Korean Association of Venture Investors. “We know that in Russia there are various well developed technologies, Korea …

Employers need to fill job vacancies within 67 working days (14 working weeks) before tech professionals assume it’s a job no one wants, according to research carried out by Randstad Technologies, the IT and technology recruiter.
Randstad asked 2,001 members of the public, “How many working days does a vacancy for a permanent job have to be open before it starts to look like a bad job that no one wants?”
The UK’s working population said they thought a post has to be …

Microsoft and Barnes & Noble have unveiled the result of a strategic partnership which will be called Nook Media, LLC.
Nook Media is a newly-formed Barnes & Noble subsidiary and will include the digital and College businesses of Barnes & Noble, the companies said.
Microsoft has also invested $300 million in the new venture giving the Redmond, Washington-based giant a 17.6 percent stake of the subsidiary while Barnes & Noble retains all remaining shares.
The new subsidiary will …

Eastman Kodak Company will highlight its restructuring accomplishments to date in a motion it plans to submit today to the Bankruptcy Court to extend until February 28, 2013, its exclusive right to file a plan of reorganization. The extension will assist the company as it continues its progress toward successful emergence in the first half of 2013.
In its motion, Kodak describes the substantial progress it has made toward reorganization goals since filing for Chapter 11 on January 19, 2012. …

Soon, app developers may be clamoring to get a Tabby.
The very first competition for tablet applications, The Tabby Awards, is now accepting nominations for 14 categories of apps.
The first stage of the competition focuses on business tablet apps with the second round which focuses on consumer tablet apps to be announced at a later date.
Organized by TabTimes, a site which covers developments specific to the tablet industry, the new Tabby Awards want to honor the best tablet apps out in the …