Oracle’s Sun Microsystems Acquisition Approved by EU

Update: The European Commission has reportedly approved Oracle’s acquisition of Sun Microsystems. Now the deal only needs approval from Chinese and Russian regulators.

Original Article:
Oracle is acquiring Sun Microsystems for $7.4 billion in cash at a rate of $9.50 per share in cash.

eBay Sees 16% Revenue Increase for the Fourth Quarter

eBay has reported its financial results for the fourth quarter, and with revenue for the quarter at $2.4 billion, up 16% from the same period in 2008. That includes revenue of $112.0 million from Skype for the period that eBay fully owned it. Excluding Skype from the fourth quarter of 2008 and the fourth quarter of 2009, revenue growth would have been 19%.

Twitter COO Effectively Rules Out 2010 IPO

There’s almost no way Twitter will go public this year, according to the company’s COO, and it may not do so in the next couple of years, either.  The focus, instead, is supposed to be on firming up and building out the business side of things.

Yahoo Upgrades Yahoo Finance Search

Yahoo has made some improvements to its Finance Search interface. Yahoo Finance Search is now including results from the web, and can uncover details on companies and executives, find info on private companies, and help determine what companies are associated with topics, Yahoo says.

Every page of Yahoo Finance has a link that says "Finance Search". Users can simply click this to search or browse a list of the day’s popular finance searches.

Barclays Analyst Predicts YouTube Profitability

In a financial sense, Google’s acquisition of YouTube has never made a lot of sense; the site, which sold for $1.65 billion, hasn’t even turned a profit on a quarter-to-quarter basis yet.  But according to a prominent analyst, that’s about to change.

Baidu’s Stock Soars Following Google China News

Reactions to Google’s announcement about a possible withdrawal from China have been mixed so far; there have been objections from individuals who think its absence will deprive the Chinese people of information, while others approve of what they consider a moral stand.  But Baidu’s investors probably aren’t too conflicted, as the company’s stock imitated a bottle rocket today.

Analysts Give Google Thumbs Up For Diversifying

Once upon a time, Google was a company that specialized in search and advertising.  Now, it’s tossing out advanced mobile phones and requesting the right to buy and sell energy.  Still, several financial analysts think these not-entirely-conventional moves are a good idea.

ChaCha Closes $7 Million Round of Funding

Answers service ChaCha announced today that it has closed a $7 million E round of funding. The service lets users go online, call, or text questions on mobile phones and receive answers "within minutes" for free. The service has an iPhone app and lets people ask questions via Twitter as well.

This round of funding might be particularly significant for the company. "We believe this latest round provides ChaCha the cash required to reach profitability," says CEO Scott A. Jones.