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The L.A. Timesis reporting new details on Apple’s iCloud service, which will likely be announced this Monday at the company’s annual Worldwide Developers Conference (WWDC). The cloud-based service, which will at the very least allow users to stream music to computer browsers and iOS devices, may be priced at $25 a year with a free trial period. No word yet on whether movies will be offered, too. (Ars Technica)
* Grouponfiled to raise $750 million in an initial public offering (IPO) with Morgan Stanley and Goldman Sachs as co-lead underwriters. Despite losing $413 million in 2010 on sales of $713 million, the daily deals site, which employs 7,000, currently dominates its market with more than 70 million deals sold to 83.1 million subscribers in 43 countries. (Fortune)
* Adobe CEO Shantanu Narayen told the audience at All Things D’s D9 conference yesterday that he believes Android will ultimately surpass Apple in the tablet market just as it eventually did with smartphones. “What you saw with smartphones hitting an inflection point with Android, you’ll see it again with tablets,” he said. (All Things D)
* Also at D9, AT&T CEO Ralph de la Vega defended the carrier’s T-Mobile acquisition plans, as well as subscribers’ dissatisfaction with service. “We’re not happy or satisfied, but improving,” he said. “We’re improving and taking the levels of customer satisfaction higher and higher.” (All Things D)
* In response to Paul Ceglia’s claim that Mark Zuckerberggave him half of the social network seven years ago, Facebook released evidence that Zuck did no such thing. A hired investigator, who dug into the Facebook CEO’s Harvard account could find no trace of any of the 175 emails Ceglia presented for his argument; he also discovered that Ceglia’s past is littered with shady dealings, including the forging of government documents to enable Florida land sales. (Business Insider)
* Sony can’t catch a break — at least when it comes to security. A group of hackers called LulzSec, which claims it’s hacked PBS and Fox.com, now says it’s made off with the personal information for over 1 million users who have registered for one reason or another with Sony Pictures Entertainment’s Web sites. (Vancouver Sun)
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