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Andrew Munchbach |Apr 13th, 2010 at 09:51AM
If your bid to acquire a company is being questioned by the FTC for “anticompetitive” reasons, you have to love when another high-profile company decides to enter the very same space. So for Google, Apple’s decision to launch its mobile advertising platform, dubbed iAd, could not have come at a better time. Google’s $750 million bid for mobile ad leader AdMob, who currently serves up a third of all mobile adverts, has been under serious scrutiny by the FTC. Antitrust regulators are citing concerns abo...
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Andrew Munchbach |Nov 6th, 2009 at 01:19PM
If you’re a big telecommunications company there is the hard way to add 893,000 customers to your portfolio — by working to provide hardware and services that people value and want — then there is the easy way. Cutting a check. Today, the FCC gave AT&T the final go ahead to purchase US wireless carrier Centennial Wireless for a cool $944 million. The acquisition will bolster AT&T’s presence in the midwest, southwest, and Puerto Rico, although we’re not sure how, if at all...
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Zach Epstein |Jul 28th, 2009 at 09:09AM
Didn’t see this one coming… Apparently Branson’s Helio-hawking MVNO Virgin Mobile is about to be gobbled up by the nation’s number three. Sprint has officially announced its intentions to acquire the popular prepaid peddler and according to the release, it’s a done deal. Sprint will cough up $483 million in total for the acquisition, though its current 13.1 percent stake in the company factors into that figure. The carrier will also cover VM’s $250 million in debt at closin...
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Jonathan S. Geller |Jun 27th, 2008 at 03:15PM
If you haven’t heard by now — Virgin Mobile is acquiring Helio for $39M — you’re really living under something… In any case, what’s going to happen to Helio’s 170,000 subscribers? Well, we’ve go a hold of an internal Helio Q&A which answers some of those concerns. A couple highlights? Helio subscribers service will not be interrupted, Helio, believe it or not, is still accepting new activations, and the Helio brand will be dissolved into Virgin Mobile over t...