(Reuters) – Electronic Arts Inc lost its bid to be dismissed from a lawsuit accusing the video game company of involvement in an NCAA conspiracy to prevent college athletes from being paid. Plaintiffs led by former UCLA basketball star Ed O’Bannon had accused the National Collegiate Athletic Association and its marketing company of violating U.S. antitrust law by conspiring to force students to sign away their ability to profit commercially from playing college sports. …

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EA must defend NCAA conspiracy lawsuit

Facebook says it has priced its initial public offering of stock at $38 per share. That’s the high end of the expected range of $34 to $38. It means investor demand is strong for the world’s largest online social network.

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Facebook prices IPO at $38 per share

We largely steer clear of companies going public here at Engadget, but Facebook and its zillions of users warrants an atypical tip of the hat. The outfit has announced that starting tomorrow, 421,233,615 shares of its common stock will be up for grabs at a price to the public of $38 per share. It’ll trade on the NASDAQ under the symbol “FB,” with the outfit offering 180,000,000 shares of Class A common stock and selling stockholders offering 241,233,615 shares of Class A common stock. Closing of the offering is expected to occur on May 22nd, subject to “customary closing conditions.” And with that, we’d like to congratulate a plethora of new billionaires on… well, being billionaires. Don’t work too hard, guys and girls.

Celebratory video is after the break.

Continue reading Facebook IPO is official: $38 per share, on sale tomorrow under ticker symbol ‘FB’

Facebook IPO is official: $38 per share, on sale tomorrow under ticker symbol ‘FB’ originally appeared on Engadget on Thu, 17 May 2012 16:21:00 EDT. Please see our terms for use of feeds.

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(Reuters) – Facebook co-founder Eduardo Saverin said in a statement on Thursday that he is obligated to and will pay “hundreds of millions of dollars in taxes to the United States government.” Saverin said his decision to renounce his U.S. citizenship and relocate to Singapore was “based solely on my interest in working and living in Singapore, where I have been since 2009.” With social media company Facebook poised for a multibillion-dollar initial public offering on Friday, Saverin has been criticized by lawmakers for what they say is dodging U.S. …

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Facebook’s Saverin says to pay millions in U.S. tax

Today a science story was born and killed in just hours: this morning science lifted our spirits with this finding that coffee made us live a little longer, Wonkblog’s Sarah Kliff gets all smarty pants on us by debunking the finding with this contrarian headline: “No, drinking coffee probably won’t make you live longer. …

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The Science News Cycle of Life: Rise, Fall, and Renewal