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Articles Tagged:

buyout

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Opera Gets A $1.2 Billion Buying Offer From Chinese Consortium Made Of Kunlun And Qihoo 360

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.

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PasswordBox Will Shut Down In 2016, Customers Offered A Discount On Intel's True Key

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.

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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.

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Nokia Plans To Merge With Alcatel-Lucent For An All-Shares Deal Of 15.6 Billion Euros, While Hinting At A HERE Maps Sale

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%.

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Lenovo 's Acquisition Of Motorola Mobility Is Now Final

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.

(Photo by Timothy Hiatt/Getty Images for Motorola)

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.

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Wall Street Journal: Microsoft Is Ready To Buy Minecraft Developer Mojang For $2 Billion (Or 2 Instagrams)

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.

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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.

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Wall Street Journal: Beats By Dr. Dre May End HTC Partnership, Expand To Car Stereos And Online Streaming

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.

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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.

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Dish Network Bows Out To SoftBank And Abandons Its Bid For Sprint, Re-Focuses On Buying Clearwire

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.

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In Case This Carrier Buyout Nonsense Wasn't Ridiculous Enough, Verizon Also Wants To Buy Clearwire's Spectrum For $1.5B

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.

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DISH Proposes Alternative Sprint Buyout Plan, Is Not So Secretly Gunning For Clearwire Holdings

Sprint is currently in the midst of a buyout with Japanese company SoftBank that would give the foreign telecom control of not only the Now Network, but Clearwire as well, and infuse the company with some much-needed cash. Dish Network, however, hopes to derail these plans with a bid of its own, offering more cash than Softbank has on the table, as well as synergy with its existing television and and broadband packages.

Dish is offering Sprint roughly $25.5 billion for the carrier. This is about $5 billion more than SoftBank is offering, and would keep ownership of the company within the U.S.

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WhatsApp: No, Google Isn't Buying Us, Don't Believe Everything You Read

We've been seeing leak after leak about Google's rumored unified messaging service. Now, as more details get seemingly confirmed and and we even get a look at the possibly near-finished app, clearly this is the time for Google to acquire a competing IM service, right? Well, not so much, according to AllThingsD. As it turns out, Mountain View is not about to buy WhatsApp, a company that makes a product that Google is currently nearly done building itself. Just in case you were wondering.

This contradicts rumors that WhatsApp would be selling to Google for close to $1 billion.

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