United States carriers are spending big bucks to acquire more wireless spectrum, especially with 5G on the horizon. T-Mobile recently won a bidding war for a large chunk of the 600Mhz spectrum, and AT&T was preparing to buy Straight Path Commutations last month. However, it turns out that Verizon will be buying Straight Path instead, after winning a bidding war against AT&T. Read More
According to The Verge, LeEco has just announced that it no longer intends to buy US television maker Vizio.
LeEco announced its plans to buy Vizio last July for $2 billion. It's not the first stumble for the company - they're in the midst of major fundraising efforts after an apparent cash crunch caused by over-expansion. It's now rumored the company is looking to sell some of its Silicon Valley property holdings, as well.
LeEco cited "regulatory headwinds" as the reason for calling off the merger. It could also have been a little bit, maybe, that it just seemed like a bad idea and honestly made no sense from a product strategy perspective. Read More
Opera Software has been synonymous with fast browsers and data compression for years now. But despite improving its applications and releasing new ones like Opera Max, the company has been struggling financially and looking for a buyer since 2015. It seems that the search is about to be over as a Chinese Consortium has offered to buy Opera for $1.2 Billion.
The Consortium is made of Beijing Kunlun Tech (a mobile gaming focused company that acquired Grinder last month) and Qihoo 360 (China's number one internet and mobile security product provider - yes, that means antivirus), and backed by investment funds Golden Brick and Yonglian. Read More
When big companies buy small companies, there's always a chance that the smaller company will more or less disappear, along with its products. Some good examples in the mobile space would be HP's acquisition of Palm or Microsoft's similar purchase of Nokia. Not all tech companies do this - Amazon and Facebook seem to be pretty hands-off with their acquisitions - but Intel certainly does. Less than a year after Intel acquired the company that makes popular password manager PasswordBox, the company announced via its blog that the product will be abandoned sometime in 2016.
The PasswordBox team is already working on Intel's similar service, True Key, and they'll be transitioning both team members and software features over to the Intel side. Read More
Shortly after confirming the rumors of its talks with Alcatel-Lucent yesterday, Nokia has announced today that it does indeed intend to buy the French firm. The deal would combine both European companies' assets under the Nokia Corporation name, with headquarters in Helsinki and a strong presence in France. No cash transactions would be involved, instead the acquisition is a public exchange offer whereby 0.55 Nokia shares are offered for every Alcatel-Lucent share. The valued total amounts to 15,6 Billion Euros.
The merger has been approved by both companies' boards of directors and should be closed by 2016 if it gets the regulatory go-ahead. Once done, current Alcatel-Lucent shareholders would own 33.5% of the combined company and Nokia shareholders the remaining 66.5%. Read More
When gigantic multinational corporations buy one another, the process is a bit more complicated than grabbing a new couch off of Craigslist. Lenovo announced its intention to buy American phone manufacturer Motorola off of Google back in January of this year, less than two years after Google itself acquired the then-independent Motorola Mobility. Today the sale is final and approved by all necessary regulatory agencies, with a combined price of $2.91 billion in cash, credit, and stock.
Left to right: Lenovo Execute Vice President of the Mobile Business Group Liu Jun, Lenovo Chairman and CEO Yang Yuanqing, Motorola Mobility President and Chief Operating Officer Rick Osterloh
Motorola and Lenovo both have "welcome to the team" blog posts on their respective websites. Read More
It's estimated that the build-your-own-adventure sleeper hit Minecraft has sold over 50 million copies on various gaming platforms, including more than 5 million of the Pocket Edition on Android. How much would you say that Mojang, the Swedish developer co-founded by Markus "Notch" Persson, is worth? If a recent report from the Wall Street Journal is to be believed, Mojang and its properties are being acquired for a staggering two billion dollars by Microsoft.
Minecraft creation and screenshot by AppleNova forum member Brad
Microsoft's interest in the company is clear: Minecraft has sold 12 million copies on the Xbox 360 alone, and it has slowly become a cultural phenomenon. Read More
The partnership between HTC and the Beats By Dr. Dre company has been one of the more visible aspects of the former's branding over the last three years. Ever since HTC bought 50.1% of the company for an estimated $300 million in 2011, the headphone maker's iconic logo has had a reserved spot on both devices and software. But according to a report from the Wall Street Journal, Beats is looking to end the relationship in order to find a new partner for greater expansion.
That wouldn't be all that difficult for Beats. They bough 25% of the company back from HTC in 2012 for $150 million, making HTC a shareholder instead of a majority owner. Read More
On today's episode of All My Mergers And Acquisitions, the long-running Sprint bidding war between Dish Network and Japanese carrier SoftBank appears to be over, at least for the moment. After SoftBank increased its Sprint bid to 21.6 billion dollars for 78% of the company last week, and Sprint subsequently sued both Dish and Clearwire for getting in the way of its corporate matchmaking, Dish has withdrawn its offer. According to Reuters, the company stated that submitting a new offer by today's deadline was not practical.
Dish is still hungry for wireless spectrum, and intends to buy shares of LTE provider Clearwire for well above market value - at least, it intends to buy the portion of Clearwire that isn't currently controlled by Sprint. Read More
We just got done breaking down the proposed Dish-led acquisition of Sprint which is in no small part about gaining control of Clearwire's sweet, sweet spectrum. Now we're hearing that Verizon is reportedly also throwing its bid in, but not to buy any of the companies involved. Just to gut their ability to function as wireless carriers by gobbling up spectrum.
In a recent filing, Clearwire disclosed that an unidentified "Party J" offered up to $1.5b for the airwaves that it owns. According to the Wall Street Journal, Verizon is that secret party. This could throw a kink in Sprint's plans. Read More