Technology, Acquisition | featured news

CNN announced Tuesday that it is acquiring Zite, a Canadian tablet software developer.

Facebook announced Tuesday that it was acquiring Push Pop Press, an interactive digital e-book publisher, although Facebook said it did not plan to enter the book industry.

Apple is in the early stages of examining Hulu LLC, a video-streaming pioneer that is being considered for sale by its owners.

On Tuesday, PopCap games announced it was being acquired by Electronic Arts, confirming speculation that circled late last month. The deal is valued as high as $1.3 billion in cash and stocks. But the company reportedly also fielded a huge offer from social gaming giant Zynga.

EBay paying $240 million to buy closely held Zong, a provider of mobile payments, as the e-commerce giant seeks to strengthen its PayPal business.

The parent company of GoDaddy.com, a top registrar of Internet domain names, has been sold to a group of private investment firms for $2.25 billion, a person familiar with the transaction told The Associated Press.

MySpace, bought by the News Corporation six years ago for $580 million, has been sold to Specific Media for about $35 million, two executives with knowledge of the sale said Wednesday.

Yahoo Inc. recently approached Hulu to discuss a possible acquisition of the popular online video service, according to a person with knowledge of the matter.

On Tuesday Garmin announced that Navigon's shareholders have signed an agreement for a Garmin subsidiary to purchase Germany-based Navigon.

An investor group has emerged as a frontrunner in negotiations with News Corp. to take control of Myspace, as the media company rushes to complete a transaction by June 30.