LINKEDIN CORP CORAL SPRINGS, Florida, July 29, 2014 /PRNewswire/ --
Technology sector fueled by evolving social media landscape, company announces significant acuisition: Next Galaxy Corp. (OTC: WILS), Facebook Ink. (NASDAQ: FB), Microsoft Corporation (NASDAQ: MSFT), Sony Corporation (NYSE: SNE) and LinkedIn Corporation (NYSE: LNKD)
Next Galaxy Corp. (OTCQB: WILS), a leading technology and content solutions company developing dynamic, innovative experiences for consumers, is pleased to announce that it has entered into an agreement with EON Reality to create CEEK - a fully immersive and interactive social virtual reality platform (http://www.ceek.com/) that simulates the communal experience of being at a movie, music concert, sports game, museum, business conference or meeting, spectator event or travel destination. The CEEK platform is being developed for the Facebook (NASDAQ: FB) owned Oculus Rift with support for other head mounted displays such as the ZEISS Cinemizer and Sony's (NYSE: SNE) Project Morpheus.
EON Reality, the world's leading provider of Virtual Reality software, systems and applications, will provide software and turnkey VR development to be integrated into the CEEK platform in order to enable a fully interactive Social Virtual Reality experience for CEEK users. The relationship with EON Reality provides deep access to the framework in order to create custom features that extend the functionality of the core EON Reality software.EON Reality will also offer CEEK operational oversight, ongoing support and updates, as well as EON's SDK and EON's communication suites that enable communication between virtual environments.
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"Next Galaxy's CEEK platform is very exciting with the potential to change the social media landscape," stated Mats W. Johansson, CEO of EON Reality Inc. "We're very happy to be part of this forward-looking venture and can now see the Social VR future very clearly with CEEK."
Facebook Ink. (NASDAQ: FB) recently reported financial results for the quarter ended June 30, 2014. "We had a good second quarter," said Mark Zuckerberg, Facebook founder and CEO. "Our community has continued to grow, and we see a lot of opportunity ahead as we connect the rest of the world." Some of the highlights include: Daily active users (DAUs) were 829 million on average for June 2014, an increase of 19% year-over-year. Mobile DAUs were 654 million on average for June 2014, an increase of 39% year-over-year. Monthly active users (MAUs) were 1.32 billion as of June 30, 2014, an increase of 14% year-over-year. Mobile MAUs were 1.07 billion as of June 30, 2014, an increase of 31% year-over-year. To read the full report, please click here: http://finance.yahoo.com/news/facebook-reports-second-quarter-2014-200500433.html
Microsoft Corporation (NASDAQ: MSFT) recently announced that its Microsoft Software & Systems Academy (MSSA), a 16-week program that provides IT training to eligible U.S. active-duty transitioning service members, is now operating at Camp Pendleton in California and Fort Hood in Texas. The program was first launched in 2013 at Joint Base Lewis-McChord in Washington, where a third class is now benefiting from the program. With the addition of Camp Pendleton and Fort Hood, the MSSA is now assisting transitioning service members at two of the five largest military installations in the country, as well as the major Marine Corps base on the West Coast. With the expansion, nearly 90 service members are benefiting from or have already completed the MSSA.
Sony Corporation (NYSE: SNE) recently announced that Sony Pictures Entertainment has brought together an extraordinary number of iconic video game companies, whose classic characters - including PAC-MAN, Donkey Kong, Centipede(R), Galaga, Frogger, Q*bert, and Space Invaders - will be featured in the highly-anticipated action comedyPixels, starring Adam Sandler, Kevin James, Michelle Monaghan, Peter Dinklage, Josh Gad, and Brian Cox, and directed by Chris Columbus. The film will be released on May 15, 2015. In Pixels, when intergalactic aliens misinterpret video-feeds of classic arcade games as a declaration of war against them, they attack the Earth, using the games as models for their various assaults. President Will Cooper (James) has to call on his childhood best friend, '80s video game champion Sam Brenner (Sandler), now a home theater installer, to lead a team of old-school arcaders (Dinklage and Gad) to defeat the aliens and save the planet. Monaghan plays the team's unique weapons specialist. The action-comedy is directed by Chris Columbus from a story by Tim Herlihy and a screenplay by Tim Herlihy and Timothy Dowling, based on the original short film of the same name by Patrick Jean.
LinkedIn Corporation (NYSE: LNKD), the world's largest professional network on the Internet with more than 300 million members worldwide, recently announced that it has entered into an agreement to acquire Bizo, a leader in business audience marketing. Bizo offers technology and products that enable measurable display and social advertising programs specifically focused on professional audience segments. Based in San Francisco, CA, Bizo was founded in 2008 by Russell Glass, Bryan Burdick, Donnie Flood, Mark Dye, Lee Byrne and Yonatan Stern. The transaction is valued at approximately $175 million, subject to adjustment, in a combination of approximately 10 percent stock and approximately 90 percent cash. Subject to the completion of customary conditions, the acquisition is expected to close during the third quarter of 2014.
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