PlentyOfFish for Match.com owner at $575 million

IAC/InterActive Corp’s Match Group, which owns Match.com, agreed to buy dating website PlentyOfFish for $575 million to push deeper into the lucrative mobile-based dating business, ahead of its planned public listing. Canada-based PlentyOfFish was launched in 2003 and has over 90 million registered users worldwide, 80 percent of whom access the services on mobile devices, according to its website. The company’s founder and Chief Executive Markus Frind grew the site to 10 million users on his own while running the company out of his Vancouver apartment.

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German newspaper sales stabilize as readers pay online

FRANKFURT/BERLIN (Reuters) – German newspaper revenues stabilized in 2014 after years of decline as publishers compensated for falling advertising sales by persuading more readers to pay for news online. Total revenues fell 0.6 percent to 7.76 billion euros ($8.57 billion) in Europe’s biggest newspaper market, the Federation of German Newspaper Publishers (BDZV) said, compared with a 4.4 percent decline in 2013.

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Amazon hires Iberdrola to build wind farm for cloud data

Online store Amazon said it has contracted Spanish utility Iberdrola to build and manage a wind farm in North Carolina, United States, to power its current and future cloud data centers. Amazon affiliate Amazon Web Services (AWS) said on Monday the wind farm would be operational by December of next year, putting it on track to surpass a goal for 40 percent its electrical grids to be powered by renewable energy by end-2016

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Carmakers to tech partners: Keep your hands off our data

By Julia Love and Paul Lienert SAN FRANCISCO/DETROIT (Reuters) – Carmakers are limiting the data they share with technology partners Apple Inc and Google Inc through new systems that link smartphones to vehicle infotainment systems, defending access to information about what drivers do in their cars.      Auto companies hope that the vehicle data will one day generate billions of dollars in e-commerce, though they are just beginning to form strategies for monetizing the information. Apple and Google already make money from smartphone owners by providing a variety of products and services, from digital music to targeted advertising, and connecting phones to car systems will almost certainly extend their reach.

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Ex-Maker Studios CEO Zappin sees $5 billion valuation for new venture

Two years after his messy departure from Maker Studios, the YouTube network he co-founded, Internet entrepreneur Danny Zappin has big plans for his newest venture, Zealot Networks. Zappin says he expects the digital media company, which announced the purchase of viral content website ViralNova on Thursday, to be worth at least $5 billion in about two years. Zealot, founded in August 2014, helps digital media startups connect with media companies, brands and advertisers.

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Rubio calls U.S. higher education system a ‘cartel’, urges overhaul

(Reuters) – U.S. Republican presidential candidate Marco Rubio called on Tuesday for an overhaul of the country's higher education system, saying that universities were operating as a “cartel” and were not meeting the needs of students or the economy. The speech was part of a move by Rubio to increase his visibility on the campaign trail after focusing over the past several weeks on Senate business.

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Facebook executive Sheryl Sandberg joins board of SurveyMonkey

By Sarah McBride SAN FRANCISCO (Reuters) – Facebook Inc's Chief Operating Officer Sheryl Sandberg is taking a seat on the board of SurveyMonkey, the online polling company that was run by her late husband, Dave Goldberg. SurveyMonkey, a privately held company valued at $2 billion, also appointed to its board David Ebersman, the chief executive officer of behavioral health company Lyra Health and the former chief financial officer of Facebook.

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Reddit CEO apologizes after outrage over employee dismissal

Reddit Chief Executive Ellen Pao on Monday issued an apology to users of the popular social news platform over the way the company handled the dismissal of a well-liked employee last week, a move that drew widespread outrage from users. The site's former Director of Talent, Victoria Taylor, was dismissed from the company on Thursday, prompting moderators to shut down in protest roughly 300 discussion sections, also known as subreddits

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Britain’s M&S to expand free ‘click & collect’ service

British retailer Marks & Spencer is expanding its free “click & collect” service to more than 100 of its Simply Food franchise stores, just days after rival John Lewis [JLP.UL] said it planned to start charging customers.

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