Best Buy and Netflix switches to HD DVD

Netflix announced that it would stop renting movies in the HD DVD format and Best Buy has decided to exclusively recommend Blu-ray players to consumers.

Netflix announced that it would be phasing out support for the format by no longer ordering new HD DVD movies and by not replacing current inventory.

On the other hand, Best Buy announced that it would recommend Blu-ray over HD DVD and that consumers will ultimately benefit if there’s only one viable HD format to choose from.

Yahoo Rejects Microsoft Offer; Renew Talks with AOL and Google

Yahoo rejected the $44.6 billion takeover bid from Microsoft saying the offer undervalued the company’s true worth.

Yahoo said it is continually evaluating all of its strategic options in the context of the rapidly evolving industry environment and we remain committed to pursuing initiatives that maximize value for all stockholders.

Yahoo is considering restarting merger talks with AOL and is exploring possible deals with Google.

Global Brands Go Mobile with Adobe Flash

Adobe Systems Incorporated announced that major content providers, including MTV Networks, the Nasdaq Stock Market, eBay, Reuters, Dolce & Gabbana and others are using the company’s Flash Player compatible mobile products and solutions to extend their brands to the handheld market.

Leading companies are adopting Adobe Flash Home, a new mobile application for rich, dynamic home screens, and Adobe Flash Cast 2 technology, the next generation offline portal solution, to deliver high-impact user experiences and provide instant access to data services.