From Wire Reports

Adobe acquires Swiss Web software maker for $240 million

SAN FRANCISCO, Calif. – Adobe Systems has agreed to buy Web software maker Day Software Holding in a deal worth $240 million, the company said in a statement Wednesday.

Day Software, of Basel, Switzerland, specializes in Web Content Management, Digital Asset Management and Social Collaboration, which Adobe plans to use to strengthen its enterprise software offerings, it said in the statement.

"With the addition of Day to our enterprise portfolio, we will be able to enhance the value of our offering and deliver on our vision of the Web as the hub of customer interaction," the U.S. software vendor said.

Day will become a product line within Adobe’s Digital Enterprise Solutions Business Unit, and Day’s CEO, Erik Hansen, will join Adobe as part of the deal.

Adobe will launch a tender offer for Day’s publicly held stock shares, an offer that Day’s board of directors has already voted to recommend, according to the statement.

The deal is subject to government approval before it can be finalized. Adobe expects to close the deal in the fourth quarter of its 2010 fiscal year, which is later this calendar year.

Vietnam restricts online games after murder cases

HANOI, Vietnam – Vietnam has banned the advertisement of online games and restricted access after several cases in which young people committed murder or robbery to get money to pay to play, an official said Thursday.

The Ministry of Information and Communications’ decision to crack down on online games follows a public outcry about their negative influence on youngsters, said ministry official Luu Vu Hai.

The ministry has temporarily stopped licensing online games pending the government’s implementation of new regulations, banned their advertisement, and ordered Internet service providers to cut off Web access after 11 p.m. to shops that offer games, he said.

Over the past year, Vietnam’s press has reported several murders and robbery cases committed by young people to get money to pay for online games. In one particularly shocking crime, a 15-year-old girl was sentenced to 10 years in prison for strangling a 4-year-old girl from her neighborhood to rob her of earrings worth $10 to pay for online games, state media reported.

Teenagers forming lines in online game shops is a common sight in the capital Hanoi – a city of 7 million people – where more than 3,000 such shops operate.

The government has licensed 22 gaming companies and 93 games, according to Thursday’s Vietnam News.

Hai said the government is determined to eliminate online games with violent and pornographic content.

Vietnam tightly controls the flow of information on the Internet and has said it will not tolerate cyberspace being used to spread anti-government information, violence or pornography.

Amazon hopes new Kindles stoke sales

SEATTLE, Wash. – Jeff Bezos isn’t just confident you’ll want a Kindle e-book reader. The CEO of is bracing for a future in which you’ll also want ones for your kid heading to college, your spouse in a book club and perhaps even grandpa.

And despite increased competition from Apple Inc.’s flashy iPad and other e-readers, that future could be coming soon – as early as August, actually, when online retailer Inc. releases two new Kindle models.

KINDLE GETS UPDATED: Amazon will start selling a smaller, lighter version of its Kindle electronic reader that can download books wirelessly over 3G cellular networks and over Wi-Fi for $189. A Wi-Fi-only version will cost $139.

PRICE COMPARISONS: The $139 Kindle will be $10 cheaper than Barnes & Noble Inc.’s Wi-Fi-only Nook e-reader and $11 less than Sony Corp.’s Reader Pocket Edition. It is $360 less than Apple Inc.’s most inexpensive iPad.

BEZOS’ HOPE: Amazon CEO Jeff Bezos hopes the new price will get people to buy multiple Kindles for their family.

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