While many companies want a piece of Groupon, only a handful can afford to buy it. Did Google make a bid? The discount coupon company’s value is set at $1 billion at least, and it brings in $50 million a month in revenues. Yahoo reportedly offered $2-3 billion for it, and only a handful of other companies can afford the sticker price.
News
Luck plays the biggest in Big Game; Stanford soccer one win away from College Cup; Graham’s game-winner lifts Spartans; Sharks continue to struggle; SJSU football blown out.
ET Water Systems Inc., which manufactures smart irrigation controllers and other water management tools, recently announced that it is moving its entire production and assembly line to San Jose in order to ensure quality control, expedite the development of new products, and avoid tariffs and duties.
NASA says that it is willing chip in $20 million to reskin Hangar One if Congress gives another $10 million. The U.S. Navy has been planning to remove the structure’s toxic laminate siding, but this would leave just a skeleton on the site of the iconic building. If the funding goes through the site will be used as it was originally intended, as a hangar for airships.
A three-year criminal and civil investigation by federal authorities has reportedly discovered a large number of insider trading rings, which took in millions of dollars in profits. Two of the companies reportedly under investigation are Advanced Micro Devices of Sunnyvale and Primary Global Research of Mountain View.
An 18-wheeler packed with rats pulled up to a storage facility in San Jose this weekend to unload its cargo. The rodents, which were found in the home of an animal hoarder in LA, will be kept in quarantine until December 5. After that, Animal Services will start finding new homes for the cuddly vermin.
Five reasons to look forward to the work week: Downtown Ice, Puccini’s Tosca, Black Wednesday, turkey dinner, Felipe Esparza.
A staple of the Bay Area house music scene, Jamie Lin has been behind the decks and behind the scenes since 2003.
Governor Arnold Schwarzenegger wrote a letter to Transportation Secretary Ray LaHood asking for Wisconsin’s high speed rail funding. Wisconsin governor-elect Scott Walker wants to use the $810 million allocated to the state for high speed rail redirected for road repairs, but LaHood has turned him down, saying that the money should go specifically for trains, even if they are in another state.
The the Student Union building at SJSU is undergoing a $90 million makeover, which will include a new wing. Other features include retrofitting, a print shop, computer center, food court, and coffee shop.The school emphasizes that funding for the makeover does not come from sources that could be used for academic purposes.
