Internet giants Google, Facebook, Amazon.com, eBay, Yahoo form lobbying group- Tech News

WASHINGTON: Google, Amazon.com , eBay,Facebook and other internet companies have formed a lobbying group called The Internet Association to tackle regulatory and political issues in Washington, DC, and it is due to kick off on Wednesday. 

It will lobby on issues such as allocation of visas for engineers and matters of privacy and piracy, said the group's president Michael Beckerman, a former advisor to Fred Upton, the chairman of the US House of Representatives' Energy and Commerce Committee. 

Other members include Expedia, LinkedIn, Monster Worldwide, Yahoo! and Zynga. 

Formation of the group marks a stronger alliance of internet companies as they try to influence regulations pertaining to revenue repatriation, cyber security, and sales tax. 

"It is the Internet's decentralized and open model that has unleashed unprecedented entrepreneurialism," said Beckerman. "Policymakers must understand that the preservation of that freedom is essential to the vitality of the internet itself and the resulting economic prosperity." 

Google and Facebook are among the companies that have been steadily ramping up spending on lobbying the federal government. Older tech companies, like Microsoft, have long been active in Washington. 

Google, which is being investigated by antitrust regulators in the United States and Europe, has lobbied officials at the Federal Trade Commission, the Federal Communications Commissionand the Department of Commerce, according to disclosure forms. 

Facebook has lobbied regarding online privacy and immigration reform while also talking to lawmakers and their staffs about matters concerning initial public offerings. 

In May, Facebook became the first US company to go public with a market valuation above $100 billion. Its market debut was marred by technological problems on the NASDAQ exchange and criticism that the IPO was priced too high.

Resource:http://timesofindia.indiatimes.com/tech/news/internet/Internet-giants-Google-Facebook-Amazon-com-eBay-Yahoo-form-lobbying-group/articleshow/16459968.cms

Facebook, Google eye Skype deal

 

Facebook and Google are separately considering a tie-up with Skype after the web video conferencing service delayed its initial public offering , two sources with direct knowledge of the discussions told Reuters. 

Facebook chief executive Mark Zuckerberg has taken part in internal discussions about buying Skype, according to one of the sources. Another source said Facebook had reached out to the Luxembourg-based company about forming a joint venture . Google has also held early talks for a joint venture with Skype, the second source said. A Skype deal could be valued at $3 billion to $4 billion, the first source said. Skype's IPO is expected to raise about $1 billion, several other sources said.

The discussions are in early stages, and it is not clear which option the companies favour, the first two sources said. Although an IPO is still in the cards for the second half of 2011, Skype remains in discussions with other companies , two of the sources said. If it goes through, a Skype IPO would be one of the most hotly anticipated debuts by a US technology company this year.

Securing Skype as a partner would expand Facebook's user base, help it grow in international markets where Skype is popular, and give its halfbillion users another reason to remain active and connected to its online community . Analysts say a tie-up between Facebook and Skype would make more sense than one with Google, which already has a similar service-—Google Voice.

Skype and Google declined to comment. Facebook was not immediately available to comment. The information is not public and the sources declined to be named. With a partnership , Facebook can tack another service onto its everexpanding menu—a crucial feature given that many mobile devices, including tablets , now come equipped with front-facing cameras.

"This is very synergistic ," said Trip Chowdhry, an analyst with Global Equities Research. "It puts Facebook two steps ahead of Google because of the number of Skype users."

"In your social network, you will now have another very compelling service—Skype ," he added. Last year, Skype had about 124 million connected users every month by the end of June. But 8.1 million were paying customers, using Skype to make calls to traditional phones at discounted rates. Analysts have said that while Skype's growth has been impressive, investors would be cautious about its prospects for revenue growth due to the size of its base of nonpaying customers. The company was founded in 2003. eBay Inc bought it in 2005 for $3.1 billion. In 2009, eBay sold a majority stake in Skype to an investor group that included Silver Lake, the Canada Pension Plan Investment Board and Andreessen Horowitz for $1.9 billion in cash and a $125 million note. EBay retained about a third of the company.

Last August, Skype filed a registration statement to go public. The October appointment of a new chief executive , Tony Bates, a former senior vice president of Cisco Systems, put the eagerly anticipated initial public offer on hold until the second half of 2011. 

 

Resource: http://timesofindia.indiatimes.com/business/international-business/Facebook-Google-eye-Skype-deal/articleshow/8174644.cms