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Zynga Buys Startup Behind Hit "Draw Something" Game

Social games star Zynga on Wednesday said it has bought the young company behind a playful "Draw Something" application that rocketed in popularity in recent weeks.

Zynga did not disclose how much it paid for New York City-based OMGPOP but unofficial estimates valued the deal at approximately $200 million.

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Nokia Feels Out Tattoos That Vibrate With Incoming Calls

Mobile phone maker Nokia is seeking a U.S. patent for tattoos that vibrate to let people know when they have calls on their mobile phones.

Technology laid out in a patent application available online Wednesday would enable tattoos to receive magnetic waves emitted by mobile phones.

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Apple's Next Hot Release: The Dividend Check

Apple made computers sexy. Can it do the same for the musty old dividend?

Issuing a regular payment to your stockholders after years of just amassing cash used to be an admission that your company has run out of creative ideas to grow profits.

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India's Tech Mahindra Announces Satyam Merger

India's Tech Mahindra announced its long-awaited buyout of IT outsourcer Satyam Computer on Wednesday, creating a new force in the sector with annual revenue of $2.26 billion.

Tech Mahindra bought a 42.7-percent stake in Hyderabad-based Satyam in April 2009 when the group was on the verge of collapse following an accounting scandal.

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U.S. Dating Agencies Battle Sex, Financial Predators

Three major U.S. online dating agencies have pledged action to protect users from sexual predators and financial scammers, California's attorney general said.

Dating services eHarmony, Match.com and Spark Networks -- which operates websites including JDate and ChristianMingle -- said they notably look for fake profiles and check subscribers against sex offender registries.

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Consumer Watchdog Warns IPads Hot to Handle

A vaunted consumer watchdog organization on Tuesday warned that Apple's new iPad is a bit hot to handle.

U.S. nonprofit product testing group Consumer Reports reported that the new-generation iPad with its more powerful processor hit temperatures as high as 116 degrees Fahrenheit, particularly when running videogames.

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Microsoft Says No Plans for New Xbox Anytime Soon

Microsoft says it's not coming out with a new Xbox gaming console anytime soon.

Some video game players had hoped that Microsoft Corp. would unveil an upgrade at the E3 Expo in June, a big, yearly video game conference in Los Angeles where game makers show off new wares and titles.

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News Outlets Losing Ground to Tech Rivals

Mobile devices and social networks are boosting news consumption but media outlets are lagging behind technology companies in reaping the profits, according to a report published on Monday.

"The news industry is not much closer to a new revenue model than a year earlier and has lost more ground to rivals in the technology industry," the Pew Research Center's Project for Excellence in Journalism (PEJ) said.

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Apple Sells Three Million iPads on Opening Weekend

Apple announced on Monday that it sold three million of its new iPad tablet computers over the course of its first weekend on the market.

"The new iPad is a blockbuster with three million sold -- the strongest iPad launch yet," said Apple senior vice president of worldwide marketing Philip Schiller.

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'Mass Effect 3' Game Fans Campaign for New Ending

The studio behind hit videogame "Mass Effect 3" on Monday said fans who wanted a happier ending may get a slice of what they wish for, following an online campaign calling for changes.

The game's executive producer Casey Hudson acknowledged in an online post that the chosen conclusion to the gripping science fiction action trilogy had generated "a lot of discussion and debate," but stood firm on the decision.

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