google inc-cl c (GOOG) Key Developments
Google Unveils Pay-with-a-Phone System for Android Devices
May 28 15
Google unveiled its pay-with-a-phone system for Android devices, ramping up its challenge to Apple in mobile payments. Android Pay, unveiled at the Google Developers conference in San Francisco, brings together mobile carriers, payment networks, banks and retailers to allow smartphone users to use their handsets instead of payment cards. Similar to the Apple Pay system unveiled last year, Android Pay will allow consumers to store their credit card information on their handsets along with loyalty cards and other data. For extra security, Android Pay will generate a one-time "token" or virtual account number so the actual credit card data is not revealed in a transaction.
Google and Yahoo! Eyeing Flipboard
May 26 15
Google Inc. (NasdaqGS:GOOGL) and Yahoo! Inc. (NasdaqGS:YHOO) are reportedly is seeking acquisition of Flipboard, Inc. The companies have held discussions to acquire Flipboard in recent weeks, citing people familiar with the matter.
Ex-Formula One Boss Settles Sex-Party Dispute with Google
May 15 15
Ex-Formula One boss Max Mosley has ended a years-long dispute with Google, preempting a planned ruling by a German court. The case, which centred on the company's inclusion of images of Mosley participating in a private sex party in its search engine results, has been settled out of court. A video of the sex party was filmed illegally by the now-defunct tabloid News of the World in 2008 and posted on the web. In the years that followed, Mosley successfully sued a number of website operators. Courts in Germany and France had ordered Google to filter out the search image results. The settlement preempts a decision by a regional court in Hamburg, which had planned to rule on the matter on May 19.
Google Inc. Presents at 43rd Annual J.P. Morgan Global Technology, Media and Telecom Conference, May-18-2015
May 15 15
Google Inc. Presents at 43rd Annual J.P. Morgan Global Technology, Media and Telecom Conference, May-18-2015 . Venue: The Westin Boston Waterfront, 425 Summer St., Boston, MA 02210, United States.
Google Enters into an Agreement with the Telangana Government for Setting Up Campuses Outside the U.S. and Its First Ever Own Campus in India
May 13 15
Google has entered into an agreement with the Telangana government for setting up campuses outside the U.S. and its first ever own campus in the country. As per the MoU, Google has been allocated 7.2 acres in Gachibowli, the main IT corridor in Hyderabad where Google will build its own facility. This facility for Google in Hyderabad, when fully built, in the space of about 2 million sq. ft. The facility in Hyderabad will be Google's first fully owned campus in India and is expected to house thousands of employees given its huge built-up area. Google expects the facility to be complete and fully operational in about four years and is supposed to start operations before the summer of 2019. About 12 months will be spent on planning and the construction work is supposed to start around the summer of 2016, and should take about two and a half years.