Boston, MA 02/26/2014 (wallstreetpr) – Microsoft Corporation (NASDAQ:MSFT) which is hungry for growth and new opportunities could invest in Dailymotion. This is a video sharing platform that is considered the largest YouTube rival. The business is owned by French telecoms company, Orange. However, the French government also owns a minority stake in Dailymotion. The latest talks about Miocrosft-Orange deal for Dailymotion emerged from the ongoing Barcelona Mobile World Congress. Orange boss Stephane Richard announced that they were in talks with Microsoft, however, that didn’t guarantee that a deal would emerge. It can be recalled that Yahoo! Inc (NASDAQ:YHOO) unsuccessfully placed a $200 million bid to acquire 75 percent stake in Dailymotion back in 2013, but that ambition flopped as French government blocked it on the tracks. Nonetheless, Dailymotion needs partnership with a major U.S. tech company to take its business to the next level. Microsoft Corporation (NASDAQ:MSFT) could be that growth partner, Dailymotion management believe.
J.C. Penney Company, Inc. (NYSE:JCP) will live up to expectation and report another loss after markets close Wednesday. However, the company whose turnaround remains troubled is expected to report smaller loss for the three months period ended February 1. The expectation is that JCP would slash its loss by 44 percent in the fourth quarter, mainly because of the higher profit margins offsetting weaker comp sales. Analysts thus expect JCP to announce net loss of $239.15 million, reflecting 88 cents. That would compare with $427 million loss or $2.51 per share in the same quarter of 2012. Revenue for the quarter will be $3.85 billion, suggesting 0.8 percent decrease from a year earlier where revenue was $3.88 billion. The stock of J.C. Penney Company, Inc. (NYSE:JCP) rose more than 7.6 percent to hit $5.63 per share.
Zynga Inc (NASDAQ:ZNGA) has overcome its shareholders in its IPO lawsuit. The company had the judge deciding in its favor by dismissing the lawsuit in which shareholders outlined that ZNGA mislead them about its business prospects and financials before and after the IPO. The plaintiffs backed their claims with a 110-page document, but the U.S. District Judge in San Francisco, Jeffery White observed that the complaint lacked basic factual details. Yet another shareholders claim that perished was that the secondary offering by ZNGA was irregular. However, the plaintiffs have can still amend their claims, the judge said. The stock of Zynga Inc (NASDAQ:ZNGA) was last seen gaining $1.6 percent to $5.08.