More video is coming to 4G wireless networks thanks to growth at Facebook, and a new Netflix initiative might bring another rise, as service providers grapple with fast-growing bandwidth demand. Video usage on Facebook (FB) has surged on mobile networks as the No. 1 social network seeks more ad revenue. Facebook, which acquired video advertising exchange LiveRail in July, last year added video in its users’ news feeds. And it’s taken off. This
Specialty drugmaker Auxilium Pharmaceuticals said Wednesday that it will review an unsolicited $2.2 billion takeover bid from Endo International, announced late Tuesday. But the board adopted a shareholder-rights or “poison pill” plan to deflect a hostile takeover attempt, and many analysts argued Endo will have to pay more to win Auxilium. The market seemed to be rooting for it to happen. Auxilium (AUXL) stock surged 45% to 31.17 , above the
Pandora Media, the No. 1 online radio service, isn’t humming. The stock has stagnated, though it did jump 6% Tuesday on buyout rumors that already have cooled. A buyer would get a company whose listeners and listener hours have slipped amid competition from heavyweights Apple (AAPL), with its iTunes and Beats Music; Amazon.com (AMZN) and its Prime Music; and Google (GOOGL), with its Google Play Music and Songza. Pandora’s (P) active listeners fell