Showing posts with label raises. Show all posts
Showing posts with label raises. Show all posts

Thursday, November 8, 2012

Apple exec Eddy Cue joins Ferrari board of directors, raises hopes for truly high-tech exotic cars

By Jon Fingas posted Nov 7th 2012 4:27PM Apple exec Eddy Cue joins Ferrari board of directors, raises hopes of highertech exotics

Ferrari loves to extol the advances found in its drivetrains, but the unspoken rule is that its interior technology leaves something to be desired; unless you're thinking of a 458's manettino, even a less expensive car like the Tesla Model S is virtually in another league. The automaker may be narrowing that gap by putting Apple online lead Eddy Cue on the Ferrari board of directors. Without giving too much away, Ferrari Chairman Luca di Montezemolo points to Cue's experience with the "dynamic, innovative world of the internet" as the motivation -- as good a sign as any that the Maranello team wants to take connected cars seriously. Whenever the Apple Senior VP's experience comes into full effect, we may see one of the few supercar lineups whose cabins are as advanced as the engines. Just don't look for any tight integration with Ferrari-badged Acer gear in the near future.


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Monday, November 5, 2012

Baidu buys control of streaming video portal iQiyi, raises stakes in China's media wars

Baidu Announces Acquisition of Providence Equity Partners' Stake in iQiyi
BEIJING, Nov. 2, 2012 /PRNewswire/ -- Baidu Inc. (NASDAQ: BIDU), the leading Chinese language Internet search provider, today announced that it has reached a definitive agreement with Providence Equity Partners ("Providence") pursuant to which Baidu will purchase shares of iQiyi.com ("iQiyi") held by Providence for an undisclosed amount. Upon completion, Baidu will have a substantial majority stake in

 

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