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Specific Media Wins Bidding for Myspace
News Corp. agreed to sell Myspace to Specific Media, which is bringing in Justin Timberlake as an investor. The price is said to be $35 million in stock and cash, a major comedown for a property that was acquired for $580 million just six years ago.

Samsung-Apple Battle Escalates
Samsung filed a complaint with the International Trade Commission seeking to stop the sale of key Apple products in the U.S.
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Oracle Buys Ellison's Start-Up
Oracle said it is buying Pillar Data Systems, a storage start-up where Oracle chief Larry Ellison is the principal owner and biggest creditor. Oracle didn't provide a value for the acquisition.
New Cyber Attack on Arizona Police
A computer-hacking group posted personal details of officers allegedly taken from an Arizona police department, stepping up its campaign of attacks against government agencies and officials.
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Full Tilt Poker Site Shut
A gaming commission in Britain's Channel Islands shut down Full Tilt Poker, one of the world's most popular poker websites, ratcheting up pressure on an industry already reeling from a crackdown by the U.S.
Chefs Solve a Modern Kitchen Crisis: Recipe Clutter
Whether it's a pile of food-splotched printouts or a cluttered digital desktop, many cooking enthusiasts are swimming in recipes, with no good system for storing them. Even the pros struggle. Is there a better way?
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California Online Tax Law Pressures Amazon
Amazon.com may soon have to collect sales taxes in California after an online tax-collection bill was signed by the governor. Amazon said the law won't change anything about its California business. A spokeswoman declined to comment on whether Amazon would challenge the law.
Tech IPOs Test Sky-High Values
Online social gaming company Zynga is preparing to file for an initial public offering as early as Wednesday, expecting a valuation of between $15 billion and $20 billion.
- Digits: Zynga Targets IPO & $20 Billion Valuation
- Interactive: IPO Booms and Busts
- Square Snags Big Value: $1 Billion
- Mean Street: LinkedIn to Its Old Black Magic
- Companies Navigate Toward IPOs
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Square Snags Big Value: $1 Billion
A venture-capital giant is leading a group of investors buying a stake in Square that pegs the start-up's value at more than $1 billion, even as it scrambles to fend off larger rivals.
- Deal Journal: The Billion-Dollar Startup Club
- News Hub: Credit Card Payments by iPhone
Google Takes On Friend Sprawl
Google launched its most ambitious social-networking effort yet, broadening a battle with Facebook to grab the attention of Web users and advertising dollars.
- News Hub: Google Moves In On Facebook's Turf
- Deal Journal: Google's Facebook Copycat
- Vote: Would you like to differentiate friends?
Charity, With Entrepreneurial Spin
Pierre Omidyar, founder of eBay who now runs a philanthropic investment firm, says giving away money is more challenging than it looks.
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Sony to Promote House to Games Chief
Sony said Andrew House, who heads the company's videogame business in Europe, will succeed Kazuo Hirai as chief executive officer of global videogame unit Sony Computer Entertainment.
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H-P Unveils China Initiatives
CEO Leo Apotheker pledged to expand manufacturing and other operations in China to bolster the company's position in a vital market where it has been losing ground to rivals in its flagship personal-computer business.
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Sina's Weibo Service Hit by Virus
Sina apologized to users of its Weibo service after it was hit by a virus, in what appears to be the first attack of its kind against the popular Chinese microblogging service.
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Ballmer Unveils Online Version Of Office Software
Microsoft CEO Steve Ballmer unveiled an online version of Office, taking aim at rival products from Google and others as it looks to sate customers' appetite for Web-based software.
- Digits: Competition in "the Cloud" Grows
- Video: Microsoft Launches Office 365
Lead Bid Emerges in Sale of Myspace
News Corp.'s talks to sell most of Myspace have narrowed to the ad-targeting firm Specific Media and Golden Gate Capital. Any deal would include hundreds of job cuts at the struggling social-networking website.
- Digits: MySpace Bids Heat Up
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Co-Founder Stone Leaving Twitter
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Yahoo to Spin Off Hadoop Team
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Struggling Sony Cuts CEO's Pay
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Hackers Release Universal Music, Viacom Data
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Spreadtrum Announces Dividend
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French Company Sues Google
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Marsh Resigns as Cable & Wireless Worldwide CEO
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Terrestar Cancels Court Auction
Facebook Fever: Investment Doubles in Just 6.5 Hours
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TomTom Takes a Beating
Court Strikes Down Law on Videogames
FCC Stays Neutral on Wireless Competition
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Outages at Airlines Can Spiral
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Facebook Hires Whiz 'GeoHot'
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ISS Recommends Splitting Roles at RIM
China's 'Twitter' Has Big Dreams
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Hulu Owners Weigh Cons of a Sale
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Hacker Group Calls It Quits
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WPP Unit Has Your Profile
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Nokia, Siemens Rethink Venture
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BlackBerry's Marketing Misfires
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Google Defends Itself Amid Probe
GoDaddy Nears Sale to KKR
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Hackers Hit Videogame Maker Electronic Arts
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WikiLeaks Leader Shakes Up Legal Team
Deal For Facebook Shares Leads To Suit Vs. SecondMarket
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Foursquare Raises $50 Million
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Apple Korea Sues Samsung
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Intel Gets OK to Bid on Nortel Patents
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Baidu Buys Stake in Travel Site
Feds to Launch Probe of Google
Hackers Post Ariz. Police Documents
Facebook's Twins Push Other Suit
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Hacker Admits Stealing IPad Data
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BSNL Expects to Be Profitable This Year
Rowling Casts E-Book Spell
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Hackers Target Brazil Government Sites
Idea Looks at Tower Business Monetisation
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Yahoo Directors Back CEO Bartz

Apple Responds to Video Editors' Grumblings Over Final Cut Pro
Video editors' complaints about the new version of a popular software have prompted Apple to provide a help website and issue assurances that updates are coming.
Larry Summers Marches Further Into Silicon Valley
Larry Summers is marching further into Silicon Valley. Summers, the former Treasury Secretary from 1999 to 2001 and more recently the Chief Economic Advisor to President Barack Obama, is joining Silicon Valley venture-capital firm Andreessen Horowitz as a Special Advisor.
Myspace CEO Announces Deal, Layoffs in Memo to Staff
Myspace CEO Mike Jones said he is in discussions to take a post on the board of the new company.
Digits Live Show: Farmville Fever as Zynga Sets to File IPO
With Internet valuations surging, Zynga Inc. is preparing to test investors' appetites.
Blue Jeans Network Launches Video-Conferencing Product
Blue Jeans Network has launched a cloud-based video-conferencing service that aims to make the process as easy to use as a telephone.
Cisco Prices Its Tablet, Talks Apps
Tech Today: Google+: Another Try at Social Networking
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New Approach to Ads in Games
Start-Up's Camera Allows Photos to Be Refocused
Not Me Dot Com
Everyone Wants to Be a Geek: Lawyers Called
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Apple's Retail Secrets
A Smart 3-D Phone
Social Tool Gives Lift to Nintendo's 3DS
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Banking Via a Cellphone and a Shack

Columns

The decoder
By Julia Angwin
How Facebook Is Making Friending Obsolete
The digital solution
By Katherine Boehret
Beach-Worthy E-Readers

Personal technology
By Walter S. Mossberg
TouchPad Needs More Apps, Reboot to Rival iPad
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Personal Technology

TouchPad Needs More Apps, Reboot to Rival iPad
A small army of multitouch tablet computers has been launched this year to take on Apple's iPad. Walt Mossberg reviews the TouchPad from H-P, the latest one to enter the fray.
- Video: The HP TouchPad Tablet
- Mossberg's Mailbox: After MobileMe
Beach-Worthy E-Readers
If you're heading to the beach this summer and you plan to read an e-book, you won't want to take your iPad. Luckily, the latest versions of the Nook and the Kindle offer glare-free screens and other reader-friendly functions.
- Video: New E-readers in Time for Summer
Live Chat: Seesmic's Loic Le Meur on Tech Strategies for Business Leaders
Seesmic founder Loic Le Meur fielded questions live on tech challenges for business leaders on June 29. Replay the event.
American Doppelgangers Star as the Enemy in Chinese Army Videogame
This shadowy slice of post-Cold War apocalyptica comes courtesy of "Glorious Mission," a videogame designed to help train China's enlisted men.
Pope Benedict XVI Makes First Official Tweet
Surrounded by at least a half dozen members of the Catholic Church, Pope Benedict XVI tweeted for the very first time earlier today on the Vatican's English language Twitter account.
Apple's Flashy Music Margins
Apple's success in digital music is no flash in the pan. Google and Amazon.com, each recently unveiling virtual lockers for digital music, face big obstacles taking on Apple.
White Space Start Up Secures £8 Million
Neul, a Cambridge-based start up, has won funding to fuel its plans to offer wireless services, especially machine-to-machine communications, in the frequencies opened up by the global switch to digital television.

Technology Video

All Things D

Excitement and Innovation at All Things Digital Conference
The ninth annual D: All Things Digital Conference was packed with insight, innovation and, most of all, optimism and excitement.
- Read the full report.
- Read complete coverage at AllThingsD.com.
What They Know
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Tech Giants Defend Privacy Practices
Google, Apple and Facebook defended their privacy practices to lawmakers considering how to update privacy laws to include more protections for Internet users.
- Marketing to Children Gets Tougher
'Like' Button Follows Web Users
Facebook's "Like" and Twitter's "Tweet" buttons allow Internet users to share content. But they also let their makers collect data about websites people visit.
- Digits: Data Privacy Is Your Problem (or Asset)
- Online-Privacy Battle
Leadership: Information Technology
Want to Use Your iPhone for Work?
The smartest companies are letting employees use their personal gadgets to do their jobs. It's an arrangement that can benefit both sides but has pitfalls, too. Here's how some businesses are making it work.
- Vote: Use your work devices for personal tasks?
- Running Battle Against Alien Technologies
Technology Report
Top 10 Life-Changing Apps
From a handy way to store a range of passwords to an application that will help keep track of ongoing alcohol consumption, The Wall Street Journal Europe presents 10 apps you can't live without.
Pinning Down the Cloud
It's been likened to the Industrial Revolution in terms of its potential to change lives. But just what is cloud computing and how can companies turn it to their advantage?
- Read the full report.