Tech News: Facebook COO Sheryl Sandberg Sells Off $26 Million in Stock

By Anthony Shields  DEC 10, 2012 10:40 AM

Plus, Apple and Google join forces to buy Kodak's patents.


This column highlights the most interesting and useful business and financial commentary on technology from around the Web.

Link: Facebook’s Sandberg Sells 946,588 Shares for $26 Million
Facebook Inc.  (NASDAQ:FB) Chief Operating Officer Sheryl Sandberg sold 946,588 shares, netting about $26.2 million.
“The shares were sold in multiple transactions at prices ranging from $27.30 to $27.90 apiece, Menlo Park, California- based Facebook reported in a filing with the US Securities and Exchange Commission. Facebook, operator of the world’s largest social network, closed at $27.49 on Dec. 7 and has lost 28% since selling shares for $38 each in an initial public offering in May.”
Tech Crunch
Link: Yahoo Announces Another Content Deal, This Time With NBC Sports
Yahoo (NASDAQ:YHOO) Sports and NBC Sports Group just announced a content alliance that will cover news, fantasy and video coverage of sports events. In a press release, the two said that the deal will combine ‘Yahoo Sports’ original reporting expertise, coverage of big events, Rivals’ college content and popular fantasy sports products with NBC Sports Group’s growing digital assets, and significant television promotion and integration.”
The Times of India
Link: Google, Apple Team Up to Buy Kodak's 1,100 Patents for $500 Million
Apple (NASDAQ:AAPL) and Google (NASDAQ:GOOG) have joined forces to offer more than $500 million to buy Eastman Kodak's (PINK:EKDKQ) patents out of bankruptcy, said people familiar with the situation.

“The two companies, competing for dominance of the smartphone market, have partnered after leading two separate groups this summer to buy some of Kodak's 1,100 imaging patents, said the people, who asked not to be identified because the process is private.”
Link: For Microsoft Surface, Modest Sales Are Good Enough
Microsoft (NASDAQ:MSFT) is satisfied with modest sales for its tablet, the Surface not because it's the best business model, but it's the best business model available, given the company's OEM relationships.
“Microsoft has been forced into a conundrum in sales of the Surface. To see how, look at the two extremes.”
Seeking Alpha
Link: Can Zynga Execute in the Online Gambling Space?
“No company can be a serious player on any front, unless they have an online strategy. If not in whole, at least in part. Be it retail or selling services, the online space is more important than ever and those who ignore this fact pay the price.
"Years ago many doubted that people would shopping online. It took Amazon (NASDAQ:AMZN) to prove everybody wrong and it took Barnes & Noble (NYSE:BKS) and its corporate blunders of a decade ago, to prove that online shopping was a serious contender to full retail outlets."
No positions in stocks mentioned.