Yahoo! looking to buy video streaming start-up
New York - AFP
Yahoo Inc., eager to strengthen its video streaming activities, is close to buying the Israeli startup firm RayV, the Wall Street Journal reported Wednesday. The paper, quoting people familiar with the deal, said negotiations are nearly complete. It did not say what the sale price might be. Founded in 2006, video streaming start-up RayV has set up its headquarters in Los Angeles but has kept its research and development teams in Tel Aviv. The company specializes in developing software for high definition video streaming over the Internet. Acquiring RayV would be a boost for Yahoo! which has suffered several setbacks of late in its strategy of broadening its video offerings. Bids to acquire the French video site Dailymotion and TV portal Hulu failed. Yahoo this year launched negotiations with online video services Fullscreen Inc. and News Distribution Network Inc., the Journal said. The report came shortly after US online entertainment powerhouse Netflix announced what it called significant expansion into Europe, promising viewers in six countries online video by the end of the year.
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France's Carrefour revamps operations
Paris - Emiratesvoice
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Beirut - NNA
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Microsoft to open 4 data centres
Paris - Emiratesvoice
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Taipei - Emiratesvoice
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Sanofi buys US haemophilia treatment
Paris - Emiratesvoice
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to 'eternal style' of late Alaia
Paris - Emiratesvoice
Two months after legendary designer Azzedine Alaia's sudden death plunged the fashion world into mourning, an exhibition in homage to the "King of Cling" opens Monday in his studios in Paris. The Tunisian-born designer, renowned for the way his clothes hugged the body, died suddenly in November aged 82, reportedly of heart failure after falling down the stairs at his home. The diminutive maverick, who ignored fashion week convention by showing when and where he wanted, in July produced his first couture collection in six years to rapturous reviews. Now some of his most iconic dresses are going on display in the glass-roofed gallery next to his studio and home in the Marais district where he used to show his creations. It includes the dress worn by supermodel Naomi Campbell, his longtime friend and muse, when she led
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