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. Read More
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. Read More
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. Read More
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