China e-commerce leader Alibaba Group gave new details Monday related to its upcoming initial public offering, showing slowing — though still fast — growth and revealing its management structure for the first time. The IPO might be the largest ever on a U.S. exchange in terms of money raised, surpassing Facebook (FB) and Visa (V). Alibaba is expected to raise up to $20 billion, giving the company a market value near $168 billion.
Priceline’s $2.6 billion deal to buy restaurant-booking app OpenTable is the latest sign that consumer Internet giants have refocused efforts toward local and mobile. The all-cash offer values OpenTable (OPEN) at 103 a share, a 46% premium to Thursday’s closing price. “The price paid suggests they wanted some shock value … the appeal for Priceline (PCLN) is that they feel they can bundle this solution with their primary
Patents are often a fortress to defend against competitors, but Tesla Motors CEO Elon Musk tore down that wall Thursday. Musk said that Tesla (TSLA) will no longer file patent lawsuits vs. anyone who, “in good faith, wants to use our technology.” At the end of 2013, Tesla said it had 203 patents and 280 pending applications with the U.S. Patent and Trademark Office. They cover a broad range of areas, including Tesla’s battery and