DirecTV Group said Tuesday that its board has authorized the buyback of up to $1 billion of its common stock. The satellite TV giant, control over which News Corp. plans to transfer to Liberty Media, recently completed a $3 billion share-repurchase program. It said the buybacks will come from time to time and could take the form of open market purchases or negotiated transactions.
Shares of Apple Inc. fell 5.3% on Tuesday, a day after the technology firm said its planned interactive TV product has been delayed until next month without providing a reason. The much-anticipated Apple TV set-top box streams video from computers to TV sets. It was originally set to come to market in January. Apple's stock closed at $83.93.
Dolby Laboratories has agreed to acquire BrightSide Technologies Inc., a privately held provider of video technology, for about $28 million in cash. BrightSide enables he capture, distribution and display of video on LCD, as well as front- and rear-projection TV sets. The deal fits Dolby as it "has built its strong reputation and brand by delivering products and technologies that make the entertainment experience more realistic and immersive," president and CEO Bill Jasper said.
COLOGNE, Germany — Amazon.de, the German division of the online retail giant, broke the $1 billion barrier for the first time last year, booking sales of more than $1.1 billion, according to head Ralf Kleber. The figure represents the total value of products sold via Amazon.de. The site's actual revenue is dependant on individual deals with wholesalers. Amazon.de, for example, earns about 15% of the listed price for every book it sells. Amazon.com earns around half of its revenue outside of North America.