EmptyPlaxo in comcast's book
Comcast has agreed to acquire Web startup Plaxo, which was first to turn address books into social networks. Terms were not disclosed, but a source said the price tag was $145 million-$175 million. Plaxo was co-founded by three people, one being Sean Parker (Napster, Facebook).
Amazon has invested an undisclosed sum in Animoto, a company with a Web tool for allowing users to create videos from their photos and music. Animoto.com, launched in August, recently inked a deal to have its application available to Facebook users.
JURY SIDES WITH DISH
A jury found Thursday that News Corp. affiliate NDS Group, which makes encryption technology for DirecTV, violated federal and state piracy provisions but awarded rival Dish Network just $1,500 of the $1 billion it sought. Dish accused NDS five years ago of hacking its satellite signals. The $1,500 award, the statutory minimum, stemmed from one incident of testing on the satellite firm's encryption cards.
tivo mulls settlement
A Friedman Billings Ramsey analyst thinks TiVo might soon accept a lawsuit settlement from Dish Network, so he upgraded the stock from "underperform" to "market perform." TiVo shares rose 6.9% to $8.83 and was Thursday's second-biggest gainer on The Hollywood Reporter Showbiz 50 index. TiVo and Dish will meet May 30 in a court-ordered conference to discuss TiVo's victory in a patent-infringement lawsuit worth at least $103 million in damages.