Over at Google's Public Policy Blog (yes, that really exists) today, Senior VP Dennis Woodside issued a statement that the U.S. Department of Justice was taking a "second look" at certain potential antitrust issues in the Google-Motorola deal. What's it mean?
A $12.5 billion acquisition of a major US company that has been independent for over 30 years is always going to invite scrutiny from Uncle Sam, and let's face it, it's probably not a bad sign that the government is batting a second eye at these kinds of purchases.
Google, according to the post as shown below, remains confident that the deal will go through, and is cooperating fully with the DoJ during this evaluation, one Google has undergone before. Read More
This whole ordeal seemed a little surreal since day one of the rumors, but earlier today, Twitter and TweetDeck finalized an agreement which would see Twitter take ownership of the popular multi-platform social media app. The price is reported to have been over $40 million in cash and stock.
Twitter has always had stand-offish relations with the many 3rd party applications which tap into its own service, heavily restricting the manner in which such apps can use and present Twitter feeds. TweetDeck, though, has become wildly popular for its integrated feed system, which combines Twitter, Facebook, and Google Buzz all into a customizable multi-pane user experience. Read More
Last month, Google bid $2 million for the patents of the now-defunct micro-cell phone company Modu, fueling speculation as to just what Google's plans would be with that intellectual property. Today, it was announced that the bidding process for the last remnants of Modu's legacy had ended, and Google was the winner (albeit by a narrow margin of $10,000), with a final offer of $4.9 million.
If you've never heard of Modu before, don't worry - the company came out of Israel, and was generally unknown to most of us in the US-of-A until it started having financial troubles. Modu was famous for developing extremely small smart/featurephones (like the little guy in the thumbnail), a market that all but dried up in the US by the time Modu was founded in 2007. Read More
Twitter has been pushing its own official clients onto more and more devices - including Android - for some time now, and the idea of them buying out another popular Twitter client is certainly not a new one. That's why it won't come as too much of a surprise to hear that Twitter has reportedly acquired TweetDeck for the sum of around $40 - 50 million, a purchase that includes cash and Twitter stock.
UberMedia, who also owns Twitter clients such as Twidroyd, was also in talks to purchase TweetDeck for $25 - $30 million, but Twitter ultimately beat them with a counteroffer. Read More
It's no secret that the acquisition of T-Mobile by AT&T is largely unpopular in the Android community. T-Mobile was the first carrier to offer an Android phone and has been very supportive of the development community as of late. It would be a real shame to let an Android-friendly carrier fall under the control of a company that has the absolute worst track record in regards to Android devices, and mobile service in general.
Well, why don't you get off your duff (not actually, you can stay seated) and do something about it? The FCC is considering the matter currently, and has just opened up to the public, asking for opinions. Read More
Now that the dust has settled a little bit on the proposed deal that, if approved, will shake up the US wireless landscape, what more is there to know about AT&T's buyout of T-Mobile? Several stories (reported by All Things D) caught our attention regarding the aftermath of the deal:
Sprint Scoffs At Deal, Says The Wireless Market Would Be Altered Dramatically
While most experts seem to agree that the deal will most likely get FCC and Department of Justice approval, Sprint (not surprisingly) doesn't have a lot of nice things to say about the buyout. The rumors had previously been swirling that Sprint would be the one gobbling up T-Mobile and, whether those talks actually happened or not, that deal most definitely won't be happening now. Read More
Word around the web is that Skype is in the process of purchasing Qik for a cool $150 million. While not expected, the deal isn't exactly surprising, either: Skype is already a major player in the internet phone business, and in 2010, Qik substantially expanded its presence in mobile video calling and streaming. In fact, 2010 was huge for Qik: they expanded their customer base from 600,000 to 5 million users - roughly an eight-fold increase.
Clearly, the two businesses are extremely similar: Skype users can already make voice/video calls using Skype on various platforms, and again, Qik now has a substantial footprint in mobile video. Read More
Foursquare, whose check-in software has become widely popular by Android users all over and is only second to Gowalla, may very well be turning down a buyout offer by Yahoo Inc. for a rumored $100 million dollars. Are they holding out for more money or being gun-ho developers protecting their baby?
Is $100 Million A Lot?
When you compare $100 million to the previous offers other up-and-coming websites with explosive growth have gotten in regards to buyouts, it is actually on the low side. Facebook turned down an offer of $1 billion by Yahoo Inc. back in 2007. Facebook ironically got their offer of $500 million to buyout Twitter rejected in 2008. Read More