Multi-channel videogame retailer GameStop reported first-quarter mobile sales of $46.8 million, an increase of 290 percent over year-ago totals. The firm's mobile efforts include Kongregate, a free gaming app optimized for Google's Android operating system.
Pandora Media reported first-quarter fiscal 2014 revenues of $125.5 million, a 55 percent year-over-year increase fueled by the continued growth of the streaming music service's mobile advertising efforts. Losses nevertheless widened to $28.6 million from $20.2 million during the year-ago period as content costs jumped 48 percent to $82.9 million.
Google is in talks to acquire crowdsourced location services firm Waze for more than $1 billion, setting the stage for a possible bidding war with Facebook, Bloomberg reports.
Seventy-five days after launching, over-the-top chat application MessageMe reports that its registered userbase already tops 5 million worldwide.
Rival food ordering platforms GrubHub and Seamless have signed a definitive agreement to merge their services. Financial terms were not disclosed.
Sprint Nextel has acquired mobile software development and distribution firm Handmark, along with its social media apps and ad unit, OneLouder. The deal officially closed last month. Financial terms were not disclosed.
Yahoo has completed an agreement to acquire social networking platform Tumblr for $1.1 billion in cash, according to multiple media outlets.
Yahoo is in advanced discussions to acquire social networking platform Tumblr for as much as $1 billion, Adweek reports. AllThingsD first reported on the talks, noting the two firms are also mulling strategic alliance and investment options.
Facebook is on the verge of acquiring crowdsourced location services firm Waze for between $800 million and $1 billion, according to multiple reports in Israeli business journals Calcalist , Ynet , and The Market .
Microsoft is offering $1 billion to acquire the digital assets of Nook Media, its joint venture with bookseller Barnes & Noble, TechCrunch reports.