Time Warner

Time Warner is going to spin off AOL. It will buy Google's 5% stake in AOL in the third quarter and spin them off sometime in the Fourth.

NetApp buys Data Domain

NetApp, Inc., agreed to buy Data Domain for $25 per share, or approximately $1.5 billion. The belief is that NetApp has the distribution channels and a much deeper consumer base that needs Data Domain's product line.

French Update

In a previous post, I discussed how France was trying to enact legislation that would punish internet pirates by severing internet connections to convicted repeat offenders. It passed. The Socialist Party in France has already challenged the law before the Constitutional Council to determine if the law's ability to enact punishment before the offender had a chance to contest the charges is constitutional in France.