'Merger'

European Union to rule on Google’s planned Motorola Mobility buy on February 13th

By: |Jan 19th, 2012 at 03:45PM
Filed Under: Business, Legal
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The European Union will decide on February 13th whether or not to give its blessing to Google’s planned purchase of Motorola Mobility. Google recently provided European courts with more information in support of the merger, Reuters said. The European Union suspended its review of the merger on December 12th pending Google’s submission of documents that are considered “essential to its evaluation of the transaction.” Google announced on August 15th its intentions to purchase Motorola M...

Exclusives

Research In Motion pushing for sale to Samsung [updated]

By: |Jan 17th, 2012 at 11:04AM
Filed Under: Business, Exclusives
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Research In Motion is currently weighing every single option it can think of in an effort to reverse a negative trend that is approaching a boiling point for investors. Reports that RIM is currently in talks to license its software to other vendors are accurate according to our trusted sources, though we have been told that RIM is most likely leaning toward an outright sale of one or more divisions, or even the whole company. The front runner, we have been told by a trusted source with knowledge of the situ...

Nokia acquires Smarterphone AS, eyes feature phone rebound

By: |Jan 6th, 2012 at 07:15PM
Filed Under: Business, Mobile
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Nokia has acquired Oslo, Norway-based cell phone operating system developer Smarterphone AS as it prepares to launch a reinvigorated attack on emerging markets. The transaction was completed in November 2011 according to major investor Ferd Capital, and the terms of the deal were not disclosed. Smarterphone AS has built a proprietary operating system that is designed to provide “highly advanced functionality on very moderate hardware.” While Nokia’s smartphone lineup is now powered by Microsoft...

Featured

Looking back at 2011: Google eyes Motorola buy in bid for Android control, patent ammo

By: |Dec 29th, 2011 at 10:40AM
Filed Under: Business, Featured, Mobile
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2011 was a wild, wild year to follow the technology industry. AT&T failed to buy T-Mobile USA, things got rough for RIM and Apple and Samsung fought legal battles all over the world. Still, one of the biggest stories of the year began when Google announced in August that it planned to purchase Motorola Mobility, a member of the open handset alliance, for $12.5 billion. Pundits immediately needed to know one thing: what did Google’s other Android partners think? Surprisingly, HTC, Samsung, LG and So...

Featured

Looking back at 2011: AT&T’s bid to acquire T-Mobile is defeated

By: |Dec 27th, 2011 at 01:05PM
Filed Under: Business, Featured
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AT&T made headlines in March of this year when it announced plans to acquire T-Mobile USA from Deutsche Telekom for $39 billion. Here we are nine months later and the deal is dead in the water, but there was a huge game of tug-of-war going on all year between AT&T, policy makers, the government and AT&T’s competitors. There were points when it seemed that the merger was bound for approval, and others where it seemed fairly certain that the government would reject AT&T’s application...

Breaking

RIM reportedly rejected takeover talks with Amazon this summer

By: |Dec 20th, 2011 at 05:55PM
Filed Under: Breaking, Business
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Research In Motion reportedly cut short takeover talks with Amazon and other companies, preferring to instead attempt to solve its own financial woes. Reuters broke news of the discussions Tuesday evening. Amazon allegedly hired an investment bank to help guide discussions with the BlackBerry maker, but it’s unclear how far along the talks got before RIM turned the retail giant away. Sources speaking to Reuters said RIM is not currently interested in a sale or a joint venture and would instead prefer...

Inspired by Siri’s success, Nuance acquires Vlingo

By: |Dec 20th, 2011 at 12:05PM
Filed Under: Business, Services
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Nuance announced on Tuesday that it plans to acquire Vlingo, a voice-to-text and voice recognition technology firm that was once the subject of a Nuance lawsuit. Nuance senior manager Mike Thompson said the decision was made after his company realized there’s a $5 billion market opportunity as demand increases for voice engine products such as Apple’s Siri voice engine, which is powered in part by Nuance technology. “Inspired by the introduction of services such as Apple’s Siri and our own Dr...

Apple acquires Israeli flash memory firm Anobit for $500 million

By: |Dec 20th, 2011 at 08:50AM
Filed Under: Business
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Apple has reportedly completed its acquisition of Israel-based flash memory firm Anobit in a deal worth up to $500 million. Hebrew-language financial newspaper Calcalist on Tuesday claimed that a deal had been reached after reporting earlier this month that Apple was in late-stage talks to buy the fabless chip maker. Apple has not confirmed the acquisition. Anobit’s website says its proprietary technology “significantly improves endurance, performance and cost of flash storage products and systems,&#...

Breaking

AT&T cancels plans to acquire T-Mobile USA

By: |Dec 19th, 2011 at 04:39PM
Filed Under: Breaking, Business
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AT&T on Monday announced that it has ended its bid to acquire T-Mobile USA from Deutsche Telecom. “The actions by the Federal Communications Commission and the Department of Justice to block this transaction do not change the realities of the U.S. wireless industry,” AT&T said in a press release. “It is one of the most fiercely competitive industries in the world, with a mounting need for more spectrum that has not diminished and must be addressed immediately. The AT&T and T-Mobi...

Nokia again rumored to sell smartphone business to Microsoft

By: |Dec 14th, 2011 at 09:10AM
Filed Under: Business, Rumors
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Rumors again surfaced on Wednesday suggesting that Nokia plans to sell its smartphone business to Microsoft. Danske Bank, Denmark’s largest bank, issued a report to clients Wednesday morning that said Nokia will sell its smartphone division to Microsoft during the first half of 2012. Danske raised its rating on Nokia stock to Buy from Hold, and shares rose more than 3% on the news. Similar rumors first surfaced in May when an industry insider said Nokia and Microsoft were about to enter negotiations...

Sprint and C Spire postpone AT&T merger lawsuits

By: |Dec 13th, 2011 at 10:00PM
Filed Under: Business, Legal
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Sprint and C Spire Wireless have decided to postpone lawsuits levied against AT&T. The two carriers had originally filed the suits in hopes of blocking AT&T’s planned  $39 billion acquisition of T-Mobile USA from Deutsche Telekom. AT&T recently pulled its merger application from the FCC however, and was granted a stay until January 18th for its lawsuit against the Department of Justice. Sprint originally sued to block the merger in September when it argued the deal would “harm ret...

Judge approves AT&T/DOJ request for antitrust suit delay

By: |Dec 13th, 2011 at 02:40PM
Filed Under: Business, Legal
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Judge Ellen Huvelle approved a joint request by AT&T and the Department of Justice to delay a lawsuit regarding AT&T’s planned purchase of T-Mobile USA. AT&T requested a stay in the suit on Monday and said it was working with Deutsche Telekom to prepare the best defense possible. “We are actively considering whether and how to revise our current transaction to achieve the necessary regulatory approvals so that we can deliver the capacity enhancements and improved customer service that ...

AT&T CEO says blocking T-Mobile merger will increase wireless prices

By: |Dec 9th, 2011 at 04:55PM
Filed Under: Business, Mobile
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AT&T chief executive officer Randall Stephenson recently said in a Captains of Industry interview with Bloomberg that blocking his company’s proposed $39 billion acquisition of T-Mobile USA will increase wireless prices for consumers. Stephenson explained that AT&T needs T-Mobile in order to expand its already strained network capacity, and that Congress doesn’t understand wireless policy. ”Regulators can’t keep up with the changes in the industry,” Stephenson said. AT&...

MetroPCS CFO says AT&T’s planned T-Mobile buy is likely to fail

By: |Dec 6th, 2011 at 08:00PM
Filed Under: Business, Mobile
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MetroPCS chief financial officer J. Braxton Carter recently said AT&T’s planned $39 billion acquisition of T-Mobile USA is likely to fail. Carter’s comments were made during a UBS investor conference in New York City on Tuesday, during which he said the proposed merger is “almost kind of moot at this point given the intense opposition by the government.” MetroPCS was named as one of several U.S. wireless carriers originally interested in purchasing spectrum from AT&T and T-Mob...