LEADING THE DAY: Hulu is officially for sale, according to a reports from the Los Angeles Times Wednesday night and CNBC’s Julia Boorstin confirming that the online streaming site has retained Morgan Stanley and Guggenheim partners to facilitate a sale.
The reports confirm what TechCrunch reported Wednesday. The Wall Street Journal reported Tuesday that an unsolicited offer for Hulu prompted the company to solicit interest from other companies.
House Energy and Commerce pushes for FCC review: Reps. Fred Upton (R-Mich.), Cliff Stearns (R-Fla.) and Greg Walden (R-Ore.) wrote to the Office of Information and Regulatory Affairs Wednesday, asking administrator Cass Sunstein to work with the Federal Communications Commission on its regulatory review plan. The committee said this letter was to follow-up on the FCC’s plans to “identity job-crushing regulations” and remove those that “no longer serve the public interest.”
Patent reform:Some in the House have expressed concern that language in the patent reform bill intended to allow the U.S. Patent and Trademark Office to retain money from excess fees is not strong enough, The Hill reported. Rep. Zoe Lofgren (D-Calif.), who represents the San Jose, Calif- area, said she does not believe the bill’s language clearly states the fees will not be diverted to other agencies.
Several House members have also raised questions about the constitutionality of the bill, which would switch from a “first to invent” to a “first to file” system.
Australia set to go on its broadband plan: Australia struck a deal with major telecom companies to use existing infrastructure necessary to enact a $38 billion national broadband plan, Reuters reported. A deal between Telstra, the country’s largest telecommunications company, and the state-owned National Broadband Network will use Telstra’s fiber network and cable ducts to provide coverage across the country.
Apple ‘likely to lose’ App Store fight: Apple is likely to lose its fight with Amazon over the term “App Store,” Bloomberg reported, after the California U.S. District judge hearing the case said that Apple hasn’t demonstrated that there’s enough confusion about the term with its customers.
Apple sued Amazon for trademark infringement in March.
Winklevoss twins will not appeal: Tyler and Cameron Winklevoss, along with business partner Divya Narenda, will not appeal a settlement to the Supreme Court, ending a years-long legal battle with Facebook, The Wall Street Journal reported. The men sued Facebook and its CEO and co-founder Mark Zuckerberg, claiming that Zuckerberg had taken the idea for the site from their product, ConnectU.
PopCap being courted by EA, report says: PopCap Games, which makes products such as Bejeweled and Plants vs. Zombies, is reportedly in acquisition talks with Electronic Arts. TechCrunch reported that sources have said the talks are for a deal valued at more than $1 billion.
Business Insider reported that the mysterious buyer could be Zynga or an Asian company looking to crack the American gaming market.
AMD, Nvidia leave benchmark group: Advanced Micro Devices and Nvidia have left an industry consortium that sets benchmarks for PC performance, CNET reported. AMD outlined the reasons it has decided to leave the BAPCo consortium in a blog post Wednesday, saying that it believes the groups SYSMark benchmark no longer accurately measures performance.
The company hinted that the benchmark is biased toward competitor Intel, because the rubric focuses on the performance of the CPU and not the graphics processor unit.