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    Monday, December 31, 2012

    Reuter site - Zynga carries out planned games shutdown, including "Petville"

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    Zynga carries out planned games shutdown, including "Petville"

    Mon, Dec 31 15:09 PM EST

    By Malathi Nayak

    SAN FRANCISCO (Reuters) - Social games publisher Zynga Inc confirmed on Monday that it has carried out 11 of the planned shutdowns of 13 game titles, with "Petville" being the latest game on which it pulled the plug.

    Zynga in October said it would shut down 13 underperforming titles after warning that its revenues were slowing as gamers fled from its once-popular titles published on the Facebook platform in large numbers and sharply revised its full-year outlook.

    The San Francisco-based company announced the "Petville" shutdown two weeks ago on its Facebook page. All the 11 shutdowns occurred in December.

    The 11 titles shut down or closed to new players include role-playing game "Mafia Wars 2," "Vampire Wars," "ForestVille" and "FishVille."

    "In place of 'PetVille,' we encourage you to play other Zynga games like 'Castleville,' 'Chefville,' 'Farmville 2,' 'Mafia Wars' and 'Yoville,'" the company told players on its 'PetVille' Facebook page. "PetVille" players were offered a one-time, complimentary bonus package for virtual goods in those games.

    "Petville," which lets users adopt virtual pets, has 7.5 million likes on Facebook but only 60,000 daily active users, according to AppData. About 1,260 users commented on the game's Facebook page, some lamenting the game's shutdown.

    Zynga has said it is shifting focus to capture growth in mobile games. It also applied this month for a preliminary application to run real-money gambling games in Nevada.

    Zynga is hoping that a lucrative real-money market could make up for declining revenue from games like "FarmVille" and other fading titles that still generate the bulk of its sales.

    Zynga shares were up 1 percent at $2.36 in afternoon trade on Monday on the Nasdaq.

    (Reporting By Malathi Nayak; Editing by Leslie Adler)

    Suspect in NYC subway death arrested before

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    Sunday, December 30, 2012

    Reuter site - Facebook Instagram use dived after photo fiasco: AppData

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    Facebook Instagram use dived after photo fiasco: AppData

    Fri, Dec 28 17:02 PM EST

    SAN FRANCISCO (Reuters) - Facebook Inc's Instagram lost almost a quarter of its daily users a week after it rolled out and then withdrew policy changes that incensed users who feared the photo-sharing service would use their pictures without compensation.

    Instagram, which Facebook bought for $715 million this year, saw the number of daily active users who accessed the service via Facebook bottom out at 12.4 million as of Friday, versus a peak of 16.4 million last week, according to data compiled by online tracker AppData.

    The popular app, which allows people to add filters and effects to photos and share them over the Internet or smartphones, experienced the drop over the brief, often-volatile holiday period.

    Other popular apps also saw slippage in usage, and some were more pronounced. Yelp, for instance, saw daily active users -- again via Facebook -- slide to a weekly low of half a million on Thursday, from a high of 820,000 one week ago.

    Instagram disputed the AppData survey, which was compiled from users that have linked the photo service to their own Facebook accounts, historically between 20 and 30 percent of Instagram members.

    "This data is inaccurate. We continue to see strong and steady growth in both registered and active users of Instagram," a spokeswoman said in an emailed statement on Friday.

    Looking out over a broader timeframe, Instagram's monthly active users edged up to 43.6 million as of Friday, an increase of 1.7 million over the past seven days, according to AppData.

    "We'll have to monitor the data over the coming weeks to gain perspective on trends in Instagram's performance," AppData marketing manager Ashley Taylor Anderson said in an email.

    ATTENTION-SEEKING

    The sharp slide in activity highlighted by AppData was bound to draw attention on the heels of the controversial revision to Instagram's terms of service that, among other things, allowed an advertiser to pay Instagram "to display your username, likeness, photos (along with any associated metadata)" without compensation.

    The subsequent public outrage prompted an apology from Instagram founder Kevin Systrom. Last week, a California Instagram user sued the company for breach of contract and other claims, in what may have been the first civil lawsuit to stem from the controversial change.

    Instagram subsequently reverted to some of its original language.

    The move renewed debate about how much control over personal data users must give up to live and participate in a world steeped in social media.

    Analysts say Facebook, the world's largest social network, was laying the groundwork to begin generating advertising revenue, by giving marketers the right to display profile pictures and other personal information, such as who users follow in advertisements.

    Its shares closed down 13 cents or 0.5 percent at $25.91 on the Nasdaq, in line with the broader market.

    (Reporting By Edwin Chan; Editing by Leslie Adler and Andrew Hay)

    Sunday, December 23, 2012

    Reuter site - RIM shares dive as fee changes catch market off guard

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    RIM shares dive as fee changes catch market off guard

    Fri, Dec 21 16:37 PM EST

    By Allison Martell and Chandni Doulatramani

    (Reuters) - Shares of BlackBerry maker Research In Motion Ltd plunged more than 20 percent on Friday on fears that a new fee structure for its high-margin services segment could put pressure on the business that has set the company apart from its competitors.

    It was the stock's biggest, single-day, percentage price drop since September 2008. But shares were still nearly 80 percent above the year's low, which was reached in September. They started to rally in November as investors began to bet that RIM's long-awaited new BlackBerry 10 phones, which will be unveiled in January, would turn the company around.

    The services segment has long been RIM's most profitable and accounts for about a third of total revenue. Some analysts said there was a risk that the fee changes could endanger its service ecosystem and leave the Canadian company as just another handset maker.

    The fee changes, which RIM announced on Thursday after market close, overshadowed stronger-than-expected quarterly results. The company said the new pricing structure would be introduced with the BlackBerry 10 launch, expected on January 30.

    RIM said some subscribers would continue to pay for enhanced services such as advanced security. But under the new structure, some other services would account for less revenue, or even none at all.

    Chief Executive Thorsten Heins tried to reassure investors in a television interview with CNBC on Friday, saying RIM's "service revenue isn't going away".

    He added: "We're not stopping. We're not halting. We're transitioning."

    Since taking over at RIM in January, Heins has focused on shrinking the company and getting it ready to introduce its new BB10 devices, which RIM says will help it claw back ground it has lost to competitors such as Apple Inc and Samsung Electronics.

    But the new services pricing strategy came as a shock to markets, and some analysts cut their price targets on RIM stock.

    RIM will not be able to sustain profitability by relying on its hardware business alone, said National Bank Financial analyst Kris Thompson, whom Thomson Reuters StarMine has rated the top RIM analyst based on the accuracy of his estimates of the company's earnings.

    Thompson downgraded RIM's stock to "underperform" from "sector perform" and cut his price target to $10 from $15.

    Forrester Research analyst Charles Golvin said the move was likely about stabilizing market share: "At the moment, they need to stem the bleeding."

    He said the tiered pricing might line up better with RIM's subscriber base as it expands in emerging economies.

    RIM's Nasdaq-listed shares closed down 22.7 percent at $10.91 on Friday. The stock fell 22.2 percent to C$10.86 on the Toronto Stock Exchange.

    COUNTDOWN TO LAUNCH

    The success of the BB10 will be crucial to the future of RIM, which on Thursday posted its first-ever decline in total subscribers. Heins said on CNBC that the company expected to ship millions of the new devices.

    He cautioned that this will require heavy investment, which will reduce RIM's cash position in its fourth and first quarters from $2.9 billion in its fiscal third quarter. He said, however, it would not go below $2 billion.

    Still, doubts remain about whether RIM can pull off the transformation. Needham analyst Charlie Wolf said the BB10 would have to look meaningfully superior to its competitors for RIM to stage a comeback.

    Canaccord Genuity analyst Michael Walkley said it was highly unlikely that the market would support RIM's new mobile computing ecosystem, and he remained skeptical about the company's ability to survive on its own.

    "We believe RIM will eventually need to sell the company," said Walkley, who cut his price target on RIM shares to $9 from $10.

    Baird Equity Research analysts said BB10 faced a daunting uphill battle against products from Apple, as well as those using Google Inc's Android operating system, and, increasingly, phones with Microsoft Corp's Windows 8 operating system.

    Baird maintained its "underperform" rating on the stock, while Paradigm Capital downgraded the shares to "hold" from "buy" on uncertainty around the services revenue model.

    "RIM has gone from having one major aspect of uncertainty - BlackBerry 10 adoption - to two, given an uncertain floor on services revenue," William Blair analyst Anil Doradla said.

    RIM will have to discount BB10 devices significantly to maintain demand, Bernstein analyst Pierre Ferragu said.

    The BlackBerry, however, still offers the security features that helped it build its reputation with big business and government, a selling point with some key customers.

    Credit Suisse maintained its "neutral" rating on the stock, but not because it expected BB10 to be a big success.

    "Only the potential for an outright sale of the company or a breakup keeps us at a neutral," Credit Suisse analysts said.

    Separately on Friday, ailing Finnish mobile phone maker Nokia said it had settled its patent dispute with RIM in return for payments.

    ($1=$0.98 Canadian)

    (Reporting by Chandni Doulatramani in Bangalore and Allison Martell in Toronto. Additional reporting by Sinead Carew in New York; Editing by Ted Kerr, Dale Hudson, Janet Guttsman,; Lisa Von Ahn, Peter Galloway and Leslie Gevirtz)

    Reuter site - Analysis: Amazon, Google on collision course in 2013

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    Analysis: Amazon, Google on collision course in 2013

    Sun, Dec 23 12:33 PM EST

    By Alexei Oreskovic and Alistair Barr

    SAN FRANCISCO (Reuters) - When Amazon.com Inc CEO Jeff Bezos got word of a project at Google Inc to scan and digitize product catalogs a decade ago, the seeds of a burgeoning rivalry were planted.

    The news was a "wake-up" call to Bezos, an early investor in Google. He saw it as a warning that the Web search engine could encroach upon his online retail empire, according to a former Amazon executive.

    "He realized that scanning catalogs was interesting for Google, but the real win for Google would be to get all the books scanned and digitized" and then sell electronic editions, the former executive said.

    Thus began a rivalry that will escalate in 2013 as the two companies' areas of rivalry grow, spanning online advertising and retail to mobile gadgets and cloud computing.

    It could upend the last remaining areas of cooperation between the two companies. For instance, Amazon's decision to use a stripped down version of Google's Android system in its new Kindle Fire tablet, coupled with Google's ambitious plans for its Motorola mobile devices unit, will only add to tensions.

    The confrontation marks the latest front in a tech industry war in which many combatants are crowding onto each others' turf. Lurking in the shadows for both Google and Amazon is Facebook with its own search and advertising ambitions.

    "Amazon wants to be the one place where you buy everything. Google wants to be the one place where you find everything, of which buying things is a subset," said Chi-Hua Chien, a partner at venture capital firm Kleiner Perkins Caufield & Byers. "So when you marry those facts I think you're going to see a natural collision."

    Both companies have a lot at stake. Google's market capitalization of $235 billion is about double Amazon's, largely because Google makes massive net earnings, expected by analysts to be $13.2 billion this year, based on a huge 32 percent net profit margin, according to Thomson Reuters I/B/E/S. By contrast, Amazon is seen reporting a small loss this year.

    Amazon shareholders have been patient as the company has invested for growth but it will have to start producing strong earnings at some stage - more likely if it grows in higher margin areas such as advertising. Google's share price, on the other hand, is vulnerable to signs of slowing margin growth.

    AD CLASH

    Not long after Bezos learned of Google's catalog plans, Amazon began scanning books and providing searchable digital excerpts. Its Kindle e-reader, launched a few years later, owes much of its inspiration to the catalog news, the executive said.

    Now, Amazon is pushing its online ad efforts, threatening to siphon revenue and users from Google's main search website.

    Amazon's fledgling ad business is still a fraction of Google's, with Robert W. Baird & Co. estimating Amazon is on track to generate about $500 million in annual advertising revenue - tiny, given it recorded $48 billion of overall revenue in 2011. By contrast, 96 percent of Google's $38 billion in 2011 sales came from advertising.

    But Amazon's newly developed "DSP" technology, which taps into the company's vast store of consumer purchase history to help marketers target ads at specific groups of people on Amazon.com and on other websites, could change all that.

    "From a client's perspective, the data that Amazon owns is actually better than what Google has," said Mark Grether, the chief operating officer of Xaxis, an audience buying company that works with major advertisers. "They know what you just bought, and they also know what you are right now trying to buy."

    Amazon is discussing a partnership with Xaxis in which the company would help Amazon sell ads for the service, Grether noted.

    Amazon did not respond to an email seeking a comment.

    STARTING POINT

    Amazon can bring in higher-margin revenue by selling advertising than it can from its retail operations. By showing ads for products that it may not actually sell on its own website, Amazon establishes itself as a starting point for consumers looking to buy something on the Web.

    Research firm Forrester reported that 30 percent of U.S. online shoppers in the third quarter began researching their purchase on Amazon.com, compared with 13 percent who started on a search engine such as Google - a reversal from two years earlier when search engines were more popular starting points.

    Amazon now sells ads that show up to the side of product search results on its website. There were 6.7 billion display ad impressions on Amazon.com in the third quarter, more than triple the number in the same period of 2011, according to comScore.

    That early success is a "huge concern" for Google, whose business relies heavily on product searches and product search ads, said Macquarie Research analyst Ben Schachter.

    Partly in response, Google recently revamped its product search service, Google Shopping, by charging retailers and other online sellers a fee to be listed in results.

    Founded four years apart in the late 1990s, Bezos has long worried about Amazon's reliance on Google for traffic, according to people close to the company, while also being dubious about Google's high market valuation.

    "He'd say: 'This is the first time in the history of the world where the map maker is worth more than the territory that it's mapping,'" recalled the former Amazon executive of Bezos' comments about Google's popular online mapping service.

    TENSIONS BUILD

    Google's Android system is thriving but still has not cracked the nut of how to make money from mobile search ads and sales of digital goods like games, apps, music and video.

    "If they can figure out mobile ads, that would truly be Google's second act," said Forrester analyst Sucharita Mulpuru.

    But Amazon launched a broadside against Google in 2011 with the creation of its own version of Android for its Kindle Fire tablets that replaces key Google money-making services, such as a digital music and application storefront, with its own.

    Not unlike Apple, "Amazon wants to control the experience on their devices," said Oren Etzioni, a University of Washington computer science professor. "That doesn't make Google happy."

    The two are also clashing in cloud computing software.

    Amazon started its cloud business more than six years ago, providing data storage, computing power and other technology services from remote locations. Google only launched its cloud computing business this year, but the market is growing so quickly there is still room to grab share, Etzioni said.

    "I would not write Google off," he added. "Amazon has the early lead but it's very early."

    TRANSACT OR DIE?

    Still, mobile gadgets and cloud computing are currently tiny businesses compared with the multibillion-dollar opportunity presented by advertising and online commerce.

    Google recently acquired BufferBox, a company with a network of lockers that shoppers can use to receive packages. It is also testing same-day delivery in San Francisco, hinting at growing interest in a larger role in online retail.

    It is not talking about its full plans for retail, but some analysts think features such as same-day delivery or "pick-up" lockers, are valuable features it can use to enhance its existing online ad business. An ad for shoes, for example, might also make the shoes available for pick-up in a locker nearby, said Needham & Co analyst Kerry Rice.

    If Google can own the search and the delivery, it will be able to provide the same experience as Amazon, with no inventory - "a higher margin, more efficient model," Chien said.

    Earlier this year, Google launched a new certification service highlighting merchants that ship quickly and reliably and backing it with up to $1,000 in "purchase protection."

    Google could create a database of products and send shoppers to a page that has a way to buy quickly through the company's payments service Google Wallet, Forrester's Mulpuru said.

    Google could then send that transaction to the retailer who would ship the product to the consumer. That ability is critical, according to Schachter, who said if consumers lack the ability to purchase items through Google it will lag Amazon and eBay Inc.

    (Editing by Edwin Chan, Peter Lauria, Martin Howell and Maureen Bavdek)

    Friday, December 21, 2012

    Thursday, December 20, 2012

    Schwab - News apple top apps

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    Reuter site - NBA: Road-riding LeBron waging "vendetta" against himself

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    NBA: Road-riding LeBron waging "vendetta" against himself

    Wed, Dec 19 10:20 AM EST

    By Simon Evans

    MIAMI (Reuters) - LeBron James says he is engaged in a "vendetta" against himself as he pushes himself to reach his physical peak and win a second straight NBA championship with the Miami Heat.

    On Tuesday, James, last season's Most Valuable Player, who spent his off-season playing in the London Olympics, was on court against the Minnesota Timberwolves for 42 minutes.

    "He wasn't even breathing heavy," said Heat head coach Erik Spoelstra when asked about the longer than expected regular season minutes for his team's star.

    "He's been biking so much on his own. He biked to the game the other day. He's turning the corner right now in terms of his conditioning. It's world class."

    When Miami hosted the Washington Wizards on Saturday, James chose to cycle to the team's daytime shoot-around and the 45 minutes back home before doing the same in the evening for the game.

    That's three hours of road cycling on a day in which he scored 23 points in a 102-72 win for Miami.

    The focus and the fitness are evident on court. James will no doubt make a step up in intensity for the playoffs but he's hardly going through the motions in the regular season having made at least 20 points in each game.

    "I felt great," he said after Tuesday's game, "I felt like I didn't get tired tonight. One time in the second half I felt like I could have played again if we had too. I have been biking a little more than usual.

    "It is fun but it is also condition and cardio. It is something I like to do," he added.

    James says he is too far "in the zone" to notice any public reaction to one of the world's leading sportsmen cycling around the streets of Miami a few hours before a game.

    Perhaps even more revealing of his psyche was James's behavior after the December 6 home loss to the New York Knicks.

    James left the court and went to the gym, not appearing for his post-game media duties until he had finished an evidently strenuous work-out.

    It sounds an extreme approach, even for a professional athlete, but James appears to need to challenge himself, even, or perhaps especially, when he is still so dominant on court.

    "I don't know. I just have a drive to continue to improve and just continue to fight through it. Yesterday (Monday) I was extremely tired but I got some more work in.

    "As a leader I just want to continue to push through it. I have a personal vendetta against myself right now," he said with a grin.

    Vendetta was an interesting choice of words for a man who became a hate figure for many NBA fans following his free agency move to Miami but who has silenced those voices with his outstanding displays this year.

    But at 27, James is clearly concerned with not standing still in terms of his performance and his physical fitness.

    "I want to get better. I want to maximize everything I can and not waste an opportunity each and every day to compete and get better as a player.

    "I want to be the best, you have to push the button sometimes".

    (Reporting By Simon Evans, editing by Ed Osmond)

    Reuter site - Twitter lets users claim their personal history

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    Twitter lets users claim their personal history

    Wed, Dec 19 18:34 PM EST

    By Gerry Shih

    SAN FRANCISCO (Reuters) - Twitter's 200 million active users can soon savor or cringe over every single statement they've tweeted when the social media company begins sending users their entire archive of 140-character messages.

    Only English-language users have this service for now, but Twitter will eventually send a download link containing the full personal archives in one file to any user who asks, the company said on Wednesday.

    "Maybe you wanted to recall your reaction to the 2008 election, reminisce on what you said to your partner on your 10th anniversary, or just see your first few Tweets. We know lots of you would like to explore your Twitter past," Mollie Vandor, a Twitter engineer, wrote in an official blog post Wednesday.

    Since Twitter launched the service in 2006, tweets have evolved from a tool for youngsters to chat about frivolous things into a force for social change.

    It has served as an alternative to government-controlled media, for example, in the Middle East. And during Superstorm Sandy this year, news organizations and emergency response officials turned to Twitter as an essential source of real-time information.

    In 2010, the Library of Congress pledged to preserve every public tweet as a matter of record - a significant undertaking, given that some 400 million tweets are dispatched worldwide everyday.

    Bookending that archive will be one noted dispatch by Twitter Executive Chairman Jack Dorsey, who is widely recognized as its inventor. Dorsey, ignoring punctuation, brought the service to life shortly after 1:00 p.m. on March 21, 2006 with a supremely pedestrian update about his experimental social network.

    "inviting coworkers," Dorsey wrote.

    (Reporting by Gerry Shih; Editing by Richard Chang)

    Monday, December 17, 2012

    Reuter site - Google, Facebook drive mobile ad market growth: report

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    Google, Facebook drive mobile ad market growth: report

    Mon, Dec 17 14:01 PM EST

    By Alexei Oreskovic

    SAN FRANCISCO (Reuters) - Google Inc's mobile ad revenue in the United States will be roughly $4 billion next year, while Facebook Inc's nascent mobile advertising business will more than double, according to a new study by research firm eMarketer.

    Marketers are boosting spending on ads that reach consumers on smartphones and tablet PCs at a much faster than expected pace, eMarketer said on Monday. The firm said it expects that overall U.S. mobile ad spending in 2012 will increase 180 percent year-on-year to more than $4 billion -- a sharp revision from its forecast in September which sized the market at $2.61 billion.

    Internet search engine Google is expected to remain the top player in the market for the foreseeable future, with revenue reaching $6.33 billion in 2014, eMarketer projected. Google's mobile ad revenue, will increase roughly 84 percent in 2013 to reach $3.98 billion.

    Facebook mobile ads in the United States will total $339.3 million in 2012 and rise to $851.4 million in 2013, eMarketer said. The firm's figures are based on an analysis of data from research firms, investment banks and "other sources" on ad revenues, ad impressions and ad prices.

    While Facebook offered no mobile ads on its social network at the beginning of the year - a factor that has pressured its revenue growth and its stock price - the company's mobile ad business grew at an "unexpected" rate in the third quarter, eMarketer said.

    Online music streaming service Pandora Media Inc, microblog Twitter and iPhone-maker Apple Inc round out the top five U.S. mobile ad business by revenue, according to eMarketer.

    Mobile ad revenue at the privately-held Twitter, which does not disclose its financial results, will reach $134.9 million in 2012 and grow to $248.9 million next year, eMarketer said.

    Consumers are increasingly using smartphones instead of, or in addition, to PCs to surf the Web and to use online applications such as video games and music streaming services. More than half of Facebook's 1 billion users accessed the social network on a mobile device in September, the company said in its most recent 10Q filing.

    Mobile advertising remains a small portion of the total U.S. advertising market, accounting for 2.4 percent of all spending in 2012 compared to 38.9 percent for television, eMarketer said. But mobile ad spending will overtake ad spending on radio and newspapers in 2016, the firm estimated.

    (Reporting By Alexei Oreskovic; editing by Andrew Hay)

    Sunday, December 16, 2012

    Sunday, December 9, 2012

    Reuter site - Exclusive: Google to replace M&A chief

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    Exclusive: Google to replace M&A chief

    Fri, Dec 07 18:59 PM EST

    By Alexei Oreskovic

    SAN FRANCISCO (Reuters) - Google Inc is replacing the head of its in-house mergers and acquisitions group, David Lawee, with one of its top lawyers, according to a person familiar with the matter.

    Don Harrison, a high-ranking lawyer at Google, will replace Lawee as head of the Internet search company's corporate development group, which oversees mergers and acquisitions, said the source, who spoke anonymously because he was not authorized to speak publicly.

    Google is also planning to create a new late-stage investment group that Lawee will oversee, the source said.

    Google declined to comment. Lawee and Harrison could not immediately be reached for comment.

    One of the Internet industry's most prolific acquirers, Google has struck more than 160 deals to acquire companies and assets since 2010, according to regulatory filings. Many of Google's most popular products, including its online maps and Android mobile software, were created by companies or are based on technology that Google acquired.

    Harrison, Google's deputy general counsel, will head up the M&A group at a time when the company is still in the process of integrating its largest acquisition, the $12.5 billion purchase of smartphone maker Motorola Mobility, which closed in May.

    And he takes over at a time when the Internet search giant faces heightened regulatory scrutiny, with the U.S. Federal Trade Commission and the European Commission conducting antitrust investigations into Google's business practices. Several recent Google acquisitions have undergone months of regulatory review before receiving approval.

    As deputy general counsel, Harrison has been deeply involved in the company's regulatory issues and many of its acquisitions. He joined Google more than five years ago and has completed more than 70 deals at the company, according to biographical information on the Google Ventures website.

    Harrison is an adviser to Google Ventures, the company's nearly four-year old venture division which provides funding for start-up companies.

    While most of Google's acquisitions are small and mid-sized deals that do not meet the threshold for disclosure of financial terms, Google has a massive war chest of $45.7 billion in cash and marketable securities to fund acquisitions.

    Lawee, who took over the M&A group in 2008, has had hits and misses during his tenure. Google shut down social media company Slide one year after acquiring it for $179 million, for example.

    The planned late-stage investment group has not been finalized, the source said. The fund might operate separately from Google Ventures, according to the source.

    "Think of it as a private equity fund inside of Google," the source said.

    The company recently said it would increase the cash it allocates to Google Ventures to $300 million a year, up from $200 million, potentially helping it invest in later-stage financing rounds.

    Google finished Friday's regular trading session down 1 percent, or $6.92, at $684.21.

    (Reporting By Alexei Oreskovic; editing by Carol Bishopric and Jim Loney)

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