PALO ALTO, Calif. (AP) - Facebook founder and CEO Mark Zuckerberg updated his status to 'married' on Saturday.
Zuckerberg and 27-year-old Priscilla Chan tied the knot at a small ceremony at his Palo Alto, Calif., home, capping a busy week for the couple.
Zuckerberg took his company public in one of the most anticipated stock offerings in Wall Street history Friday. And Chan graduated from medical school at the University of California, San Francisco, on Monday, the same day Zuckerberg turned 28.
The couple met at Harvard and have been together for more than nine years.
A source authorized by the couple to speak said Zuckerberg designed the ring featuring 'a very simple ruby.'
The ceremony took place in Zuckerberg's backyard before fewer than 100 guests, who all thought they were there to celebrate Chan's graduation.
Even after the IPO, Zuckerberg remains Facebook's single largest shareholder, with 503.6 million shares. And he controls the company with 56 percent of its voting stock.
The site, which was born in a dorm room eight years ago, has grown into a worldwide network of almost a billion people.
Zuckerberg founded Facebook at Harvard in 2004.
He was named as Time's Person of the Year in 2010, at age 26.
Zuckerberg grew up in Dobbs Ferry, N.Y.
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Saturday, May 19, 2012
Google gets China OK for Motorola deal
NEW YORK (AP) - Authorities in China have approved Google Inc.'s bid to buy phone maker Motorola Mobility, clearing the way for the $12.5 billion deal to close early next week.
But Chinese regulators attached a big condition: That Google's Android operating system for mobile devices remain available to all at no cost for the next five years.
The approval brings the Internet search giant closer to sealing its biggest acquisition ever. Buying Motorola allows Google to expand into manufacturing phones, tablet computers and other consumer devices for the first time. The deal also gives Google access to more than 17,000 Motorola patents.
The Chinese government approved the deal on Saturday, Google spokeswoman Niki Fenwick said. 'We look forward to closing the deal,' she said.
The deal was announced last August and had received all necessary regulatory approvals except in China, where Google's government relations have been strained since it moved its search engine out of the country two years ago in a dispute over censorship and computer security.
Google's Android software powers more than 250 million mobile devices made by a variety of manufacturers, including Motorola Mobility. The latest versions must be made available free of charge for the next five years, apparently in response to concerns that competition could be hurt if Google gives updated versions to Motorola Mobility and withholds them from others. Google doesn't currently charge for Android.
Google earlier had pledged to make Android available to all its mobile partners. Even if Google were to discriminate, cellphone makers still could rely on mobile software from Microsoft Corp., Research in Motion and Hewlett-Packard Co., among others.
Google prizes Motorola Mobility Holdings Inc.'s patents as a crucial weapon in the intellectual arms race with Apple, Microsoft and other rivals maneuvering to gain more control over smartphones, tablets and other mobile devices.
Earlier, the U.S. Justice Department found no evidence that Google's ownership of Motorola Mobility would lessen competition in a mobile device market that is becoming increasingly important as more people connect to the Internet on smartphones and tablet computers instead of desktop and laptop computers.
The union with Motorola Mobility will open new opportunities and pose potentially troublesome challenges for a management team that so far has concentrated on Internet search, ad sales and other software-driven online services.
Motorola Mobility's expertise in mobile devices and set-top boxes for cable TV will allow Google to play an even more influential role in shaping the future of hand-held computing and home entertainment.
The $12.5 billion price paid by Google is more than the combined amount that Google has paid for the 185 other acquisitions that it has completed since going public in 2004.
Google is based in Mountain View, California, while Motorola Mobility has its headquarters in Libertyville, Illinois.
But Chinese regulators attached a big condition: That Google's Android operating system for mobile devices remain available to all at no cost for the next five years.
The approval brings the Internet search giant closer to sealing its biggest acquisition ever. Buying Motorola allows Google to expand into manufacturing phones, tablet computers and other consumer devices for the first time. The deal also gives Google access to more than 17,000 Motorola patents.
The Chinese government approved the deal on Saturday, Google spokeswoman Niki Fenwick said. 'We look forward to closing the deal,' she said.
The deal was announced last August and had received all necessary regulatory approvals except in China, where Google's government relations have been strained since it moved its search engine out of the country two years ago in a dispute over censorship and computer security.
Google's Android software powers more than 250 million mobile devices made by a variety of manufacturers, including Motorola Mobility. The latest versions must be made available free of charge for the next five years, apparently in response to concerns that competition could be hurt if Google gives updated versions to Motorola Mobility and withholds them from others. Google doesn't currently charge for Android.
Google earlier had pledged to make Android available to all its mobile partners. Even if Google were to discriminate, cellphone makers still could rely on mobile software from Microsoft Corp., Research in Motion and Hewlett-Packard Co., among others.
Google prizes Motorola Mobility Holdings Inc.'s patents as a crucial weapon in the intellectual arms race with Apple, Microsoft and other rivals maneuvering to gain more control over smartphones, tablets and other mobile devices.
Earlier, the U.S. Justice Department found no evidence that Google's ownership of Motorola Mobility would lessen competition in a mobile device market that is becoming increasingly important as more people connect to the Internet on smartphones and tablet computers instead of desktop and laptop computers.
The union with Motorola Mobility will open new opportunities and pose potentially troublesome challenges for a management team that so far has concentrated on Internet search, ad sales and other software-driven online services.
Motorola Mobility's expertise in mobile devices and set-top boxes for cable TV will allow Google to play an even more influential role in shaping the future of hand-held computing and home entertainment.
The $12.5 billion price paid by Google is more than the combined amount that Google has paid for the 185 other acquisitions that it has completed since going public in 2004.
Google is based in Mountain View, California, while Motorola Mobility has its headquarters in Libertyville, Illinois.
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