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Newspaper wrap-up: Netflix partners with LG Electronics

MAJOR PAPERS:
  • Netflix Inc (NASDAQ: NFLX), the DVD rental firm, and LG Electronics, have formed a partnership to have movies delivered over the Internet by Netflix to also be shown on TV screens via a new device, reported the Wall Street Journal. Efforts by Apple Inc (NASDAQ: AAPL) have not worked.
  • According to people familiar with the situation, Ford Motor Company (NYSE: F) is expected to indicate as early as today it will focus attention on Tata Motors as a bidder for its Land Rover and Jaguar units, the Wall Street Journal reported.
WEBSITES:
  • After Intel Capital's (NASDAQ: INTC) president, Arvind Sodhani, resigned from the board of Clearwire Corporation (NASDAQ: CLWR), speculation began that Intel has some new plans in the Wimax arena that don't involve Clearwire, according to TheInquirer.net.
  • Tech Crunch reported that Plaxo, an early social networking site with per-visit numbers comparable to that of Facebook, is for sale, and has hired Revolution Partners to handle the effort.

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Last updated: May 28, 2012: 01:37 AM

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