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Articles Tagged:

mergers

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Department of Justice reportedly opposes current proposal for T-Mobile-Sprint merger [Update]

Ryan Whitwam

T-Mobile has been using every possible opportunity to talk up its plans to acquire Sprint, hoping to amass enough support to push the deal through. It's not a matter of public sentiment, though. The fate of the deal rests with government regulators, and the US Department of Justice has reportedly told the carriers it is unlikely to approve the $26B deal.

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Justice Department files appeal to block Time Warner-AT&T merger [Update: AT&T responds]

Ryan Whitwam

AT&T's landmark deal to acquire Time Warner might not be sailing through the courts after all. After getting approval for the deal in June, the US Justice Department has filed documents to appeal the decision, threatening to up-end AT&T's next big expansion.

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Flickr has been acquired by photo-sharing service SmugMug

Taylor Kerns

Flickr announced yesterday that it's entered into an agreement to be acquired from Oath Inc. by photo-sharing and image hosting platform SmugMug. Flickr currently has no plans to change its service following the acquisition.

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MoviePass makes deal to acquire Moviefone

Taylor Kerns

MoviePass has acquired Moviefone in a deal between the two services' parent companies, according to a press release. Moviefone got its start in the pre-internet days of 1989, providing information about movies and their showtimes via a toll-free phone number. The dial-in service was shuttered in 2014, but Moviefone has continued to provide showtime and ticket services via its mobile app and website.

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Qualcomm urges stakeholders to vote against hostile Broadcom takeover

Taylor Kerns

Chipmaker Broadcom has been vying to acquire Qualcomm—which makes the processors in a whole lot of Android phones—since November. Several offers have been made, and all of them have been rejected by Qualcomm’s Board of Directors. To get around this, Broadcom is trying to replace Qualcomm’s current board members. Qualcomm issued a statement Thursday urging shareholders to vote against the new board nominees.

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Following end of T-Mobile merger negotiations, SoftBank increases ownership of Sprint

James Sanders

After the "will they or won't they" mess of negotiations between Deutsche Telekom, the reluctant owner of T-Mobile US, and SoftBank Corp., the owner of Sprint fell apart once again, SoftBank has announced their intent to increase their ownership stake in Sprint. This change would increase SoftBank's control of the US's 4th largest mobile network operator from 80% to 85%.

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Report: SoftBank wants to merge Sprint and T-Mobile by selling its stake in Sprint

Ryan Whitwam

A few years ago, T-Mobile's parent company Deutsche Telekom (DT) was anxious to unload its 65% share in the US carrier, and one of the primary suitors was Sprint's parent company Softbank. Things are different now. Sources claim SoftBank is floating the idea of selling its 83% stake in Sprint to DT and letting the carriers merge that way.

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'Marvel: Contest of Champions' publisher Kabam will sell its assets to South Korean firm Netmarble

Michael Crider

The mobile market represents the biggest chunk of video game sales on the planet. It's also the most diverse and contentious, with no clear formula for achieving success or return on investment. When something like Flappy Bird can bring in a million times its operating cost while presumably sure-fire licensed games flop, there's no reliable way to know if your developer's next game will break even. Kabam, a publisher focused on licensed titles from Marvel, Warner Bros., and Universal, is no exception. The Wall Street Journal reports that the company will be selling most of its assets early next year.

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Samsung acquires Canadian telecom NewNet to bolster its RCS offerings

Michael Crider

Rich Communications Services, more frequently abbreviated to RCS, is something of a hot-button topic in the mobile tech world right now. It's essentially a replacement for SMS that incorporates a lot of the functions of popular new messaging systems like WhatsApp, supplanting the antiquated text messaging standard with something more capable and flexible. The problem is that "RCS" is something of a generic term, and every gigantic international megacorp and their gigantic international mother wants their own standard. After today, you can add Samsung to the list.

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Fossil Acquires Fitness Wearable Company Misfit For A Cool $260 Million In A Quest For Fashion-Forward Tech

Jacob Long

Fossil makes things you can wear, Misfit wears things you can wear. Fossil wants to make smart wearables, Misfit makes smart wearables. Fossil does fashion, Misfit does fashionable gadgets. If it sounds like a match made in heaven, then you know what the two companies were thinking when they brokered a deal to make Misfit part of Fossil's corporate portfolio.

The purchase is valued at $260 million, no small bet on the part of Fossil on the legitimacy of both Misfit and the smart wearable market in general. Fossil had until now only just begun treading into this area, releasing an activity tracker and forging some partnerships with bigger players.

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