News In Brief: Google, SpinVox, EU, Rayspan
Google sold its 5% stake in AOL for €166 million on July 8 make to its parent Time Warner ,according to filings with the US SEC. Google originally bought the stake for over €700 million in 2006.
UK text-to-speech company SpinVox has denied that it misled shareholders by neglecting to disclose that a portion of its transcriptions was conducted by human typists.
The EU Council of Ministers has given final approval to changes to the GSM Directive which will allows mobile operators to roll out UMTS services in the 900MHz band.
Rayspan has raised €8.7 million to further its technology for filtering out antenna interference so that cell phones can get better reception. The second round in funding comes from Sequoia Capital and Khosla Ventures.