LEADING THE DAY:U.S. forces led a raid in Pakistan, killing terrorist Osama bin Laden. News of the raid lighted up social networks such as Twitter, beating out traditional media sources. Keith Urbahn, a former aide to Donald Rumsfeld, tweeted that he had heard from “reputable sources” of bin Laden's death before new outlets reported the story, though Urbahn later said that he heard the information from a TV news producer.

Sohaib Athar, a software consultant in the Pakistani city where the raid took place, unknowingly live-tweeted the event. He did not know of its connection to bin Laden at the time, CNET reported.

Dish, TiVo settle: Dish Network, EchoStar and TiVo announced today that they have settled all ongoing patent litigation. Dish and EchoStar have agreed to pay TiVo $500 million. Of that, $300 million will be paid immediately, and the remaining $200 million will be paid in six installments between 2012 and 2017.

Dish, which recently acquired Blockbuster, also named Michael Kelly as Blockbuster’s president. Kelly was previously executive vice president of Dish’s Network Commercial Services division. Dish acquired Blockbuster in a push to compete with Netflix.

Sony promises to restore services: Sony promised to restore some services within the week and formally apologized for a data breach believed to have affected millions of Sony customers. In a press conference, Sony President Kazuo Hirai said that as many as 10 million credit card numbers may have been exposed and that the company will provide credit card protection services to those customers, the LA Times reported. The company said it will offer 30 days of free access to its premium PlayStation Plus service to all PlayStation Network users as an “make-good” gesture.

On Wednesday, the House subcommittee on commerce, manufacturing and trade will hold a hearing on data breaches. Subcommittee chairman Mary Bono Mack (R-Calif.) has said she will introduce data protection legislation, The Hill reported.

Apple, Time strike a deal:Apple and Time have struck a deal making the iPad edition of all of Time’s publications free to its subscribers, the Wall Street Journal reported. Apple has had strained relations with publishers since enforcing rules that gave the company a 30 percent cut of income generated from its App Store and regulated how app publishers could offer subscriptions.

RIM buys Tungle: Research in Motion acquired Tungle, a software company that produces a scheduling app, Tungle announced in a blog post. RIM is expected to use the app on its BlackBerry phones and PlayBook tablet. The new tablet does not have currently have a native calendar app and has been criticized for its small selection of mobile apps.