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Mobile Minutes: Sony sees losses; Paypal attacks Apple; Ecommerce firm Alibaba rises; IAC offers to buy Perion

The Japanese electronics conglomerate warned Wednesday that it will post a loss of 230 billion yen ($2.1 billion) in its fiscal year that ends March 31, 2015. It also suspended its dividend -- the first time it won't be making a payout since it listed on the Tokyo Stock Exchange in 1958.

PayPal has launched an attack ad against its latest and most formidable competitor, Apple Pay, before the new service even lands in the hands of consumers. Appearing in multiple newspapers, the full-page spread is meant to sow distrust in Apple by reminding the world of this month?s massive iCloud celebrity selfie hack.

Jack Ma isn't exaggerating when he sells his e-commerce colossus Alibaba as the "everything company." The ever-expanding technology giant, which is on track this week for one of the largest initial public offerings in history, has so many tentacles in so many industries that it can easily strangle small-to-midsize competitors.

New York-based media and Internet company IAC/Interactive Corp has offered to buy Israel-based Perion Network, an Israeli financial news website said on Wednesday.