Break out the popcorn, folks, it's time for some corporate drama. As we reported last month, LTE service provider Clearwire is looking to sell itself, with 50% stake holder Sprint Nextel the obvious choice. But while Sprint's $2.2 billion offer (plus another $800 million in staggered investments) sits on the desks of both Clearwire shareholders and the Federal Trade Commission for approval, satellite TV provider Dish Network has made another offer. Read More
Sony completed its $1.47 billion acquisition of Sony Ericsson today, launching an aptly-named venture, Sony Mobile Communications. The Japanese conglomerate stated the official goal of Sony Mobile Communications in a statement announcing the transaction back in October:
The transaction gives Sony an opportunity to rapidly integrate smartphones into its broad array of network-connected consumer electronics devices - including tablets, televisions and personal computers - for the benefit of consumers and the growth of its business.
Back in 2001, Sony joined forces with Ericsson to push out a new line of mobile phones, while keeping its current line of game devices, media players, and other electronics a separate entity altogether. Now, Sony is looking to buy Ericsson out in order to streamline all of its mobile technologies into one market, allowing one unified ecosystem across all devices.
According to the Wall Street Journal, "Sony aims to integrate its smartphone operation with its business in tablets, hand-held game machines, and personal computers to save on costs and better synchronize development of mobile devices."
While it's unclear how much the transaction will cost Sony, it's said that the deal is nearing completion at this time. Read More
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. 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. 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. 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. 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. 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. 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. Read More