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Alibaba founder Jack Ma says he's 'a bit old' for the Internet as retirement nears

SANTA MONICA, Calif. - Alibaba founder Jack Ma, the billionaire who has run the Chinese e-commerce giant since 1999, says he's getting "a bit old" for the Internet. That's what the outgoing chief executive told a charitable event in Santa Monica Thursday as he pledged $5 million toward a China-based fund that supports environmental conservation projects outside China. "I'm young for new things but I'm a bit old for the Internet," the 48-year-old said.

French industry minister denies country closed to foreign investment after vetoing Yahoo deal

PARIS - The French government is defending its veto over Yahoo Inc.'s attempted takeover of video sharing website Dailymotion, even as the move draws jeers for discouraging much needed foreign investment. In an interview with The Associated Press, Arnaud Montebourg, the minister for industrial renewal, says the government's ownership stake in Dailymotion's parent company, France Telecom, gives it the right to overrule a deal if it deems it unfair.

France Tel chief complains of interference in Yahoo! deal

The head of France Telecom complained on Thursday of interference after the state blocked plans by US Internet firm Yahoo! to buy a majority stake in French video-sharing website Dailymotion. In an interview with business newspaper Les Echos, chief executive Stephane Richard said the firm's management -- and not the government -- should be deciding the strategy for Dailymotion, owned by France Telecom, which uses the brand name Orange.

At a glance, what recent earnings reports have revealed about spending on online ads

Companies that sell online advertising have begun releasing earnings reports for the latest quarter. Here are highlights of recent quarterly earnings reports from selected Internet and media companies and what they say about the state of spending on advertising.

Yahoo CEO Marissa Mayer gets 2012 pay package of $36.6 million, ranking behind top lieutenant

SAN FRANCISCO - Yahoo CEO Marissa Mayer emerged as the Internet company's second highest paid executive during her first five-and-half months on the job. Regulatory documents filed Tuesday revealed that Mayer received a pay package valued at $36.6 million last year. Most of the compensation consisted of stock awards that Mayer got in July when she left a job at Google to become Yahoo's CEO. Most of the components of Mayer's pay had been previously disclosed. It wasn't previously known that Mayer ranked second on Yahoo Inc.'s pay scale last year

Yahoo! unveils new online shows

Yahoo! on Monday pulled back the curtain on a new line-up of online shows along with new ways it will pair advertising with content at its websites. The struggling Internet pioneer spotlighted coming programs at a flashy Digital Content NewFront event in New York that featured appearances from stars such as Ed Helms, John Stamos, Morgan Spurlock and Cheryl Hines. The event was to be capped with a 30-minute set by the band The Lumineers, with the performance streamed online at music.yahoo.com.

E-commerce company Alibaba buys 18 per cent stake in Sina's Twitter-like service for $586M

NEW YORK, N.Y. - Alibaba Group, China's largest e-commerce company, has agreed to buy an 18 per cent stake in Sina Corp.'s Weibo, the microblogging platform. Alibaba, which is partly owned by Yahoo Inc., says it has paid $586 million for the stake in China's equivalent of Twitter. It has the option of increasing its ownership to 30 per cent. Sina's U.S.-listed shares jumped $6.69, or 13 per cent, to $56.99 in morning trading. The day's high of $60.81 was the stock's highest level since October.

Officials: Dutch suspect arrested in Spain over cyberattack had well-equipped 'bunker' and van

MADRID - A Dutch citizen arrested in northeast Spain on suspicion of launching what is described as the biggest cyberattack in Internet history operated from a bunker and had a van capable of hacking into networks anywhere in the country, officials said Sunday. The suspect travelled in Spain using his van "as a mobile computing office, equipped with various antennas to scan frequencies," an Interior Ministry statement said.

Dutch suspect in huge cyberattack on anti-spam watchdog arrested in Spain

THE HAGUE, Netherlands - A Dutch citizen has been arrested in Spain in connection with what experts described as the biggest cyberattack in the history of the Internet, one launched against an anti-spam watchdog group last month, prosecutors announced Friday. The Netherlands National Prosecution Office said a 35-year-old suspect it identified only by his initials, S.K., was arrested Thursday at his home in Barcelona. Authorities also seized computers and mobile phones. Dutch prosecutors do not release full names of suspects, in line with privacy laws.

Dutchman arrested in Spain for 'biggest ever' cyberattack

A Dutchman has been arrested in Spain in connection with last month's unprecedented cyberattack that reportedly slowed down the Internet, the Dutch prosecution service said. The 35 year old identified only as S.K. was arrested in Barcelona and the house where he was staying searched by Spanish police, said a statement. "He is suspected of involvement in the attack and so the prosecution service asked for his arrest," spokesman Wim de Bruin told AFP on Saturday.
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