google inc-cl c (GOOG) Key Developments
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.
A German Consortium Reportedly Mulls Acquisition Of Here Mapping Unit From Nokia Corp
May 5 15
Germany's big-three premium -brand auto makers are preparing to launch a formal bid to acquire a majority stake in Nokia Corporation's (HLSE:NOK1V)Here mapping unit, in a consortium that includes Chinese technology group Baidu, Inc. (NasdaqGS:BIDU) and values Here at considerably more than €2 billion, according to people familiar with the situation. Bayerische Motoren Werke Aktiengesellschaft (DB:BMW), AUDI AG (DB:NSU), and Daimler AG's Mercedes-Benz are banding together to acquire Nokia's mapping unit to prevent a technology giant such as Google Inc.(NasdaqGS:GOOG), Apple Inc. (NasdaqGS:AAPL)or Facebook, Inc. (NasdaqGS:FB) from gaining control of a key part of the technology needed to run self-driving cars and in-car digital services. “Talks have reached an advanced stage and are likely to conclude within the next two weeks, “according to people familiar with the situation. “Specific details such as price and the distribution of specific stakes are still in flux, “these people said. The German car makers are aiming to acquire a controlling majority. Baidu and an undisclosed financial investor in the group would acquire minority stakes. Nokia would retain a minority stake. But people familiar with the situation said the company is negotiating to sell most of Here and is confident that the German-led consortium could easily finance and quickly close a deal and that the Germans will invest in the business. A second investor group made up of several undisclosed private-equityinvestors is looking to finance an acquisition of Here using debt, which one person said could make it difficult for Here to invest in its growth. Under the agreement with the German consortium, Baidu can use Here's technology only in China. Another person familiar with the car makers' plans said the consortium of German premium car makers approached German Chancellor Angela Merkel, asking her to encourage the Finnish government to back the German bid. It is unclear whether Merkel acted on the request. Another person familiar with those talks said the German car makers, a large customer of the Here service, threatened to stop using the service if it were sold to a company like Facebook or Uber Technologies, Inc. Here generated a loss of €32 million in 2014 and generated revenue of €970 million in 2014. Nokia and Baidu declined to comment. The German government declined to comment.
Google to Expand in Ann Arbor
May 2 15
Google is planning a major expansion of its Ann Arbor offices with a plan to build a new facility on the city's north side. The expansion will relocate Google in 2016 from its offices in downtown Ann Arbor to 140,000 square feet of office space near the north campus of the University of Michigan.