The third largest U.S. corporate deal in history may be only be a company board approval away. Verizon Communications and Vodafone could announce as early as Monday morning that they have come to terms over a US$130 billion deal taht would see Verizon buy out Vodafone’s 45% share in Verizon Wireless to take complete control of the U.S. carrier. While […]
Mergers and acquisitions
WIND Mobile to make a bid for Mobilicity?
With Verizon set to pass on acquiring WIND Mobile or Mobilicity or even both for now, WIND Mobile may move forward with its own bid for its beleaguered competitor. None other than WIND Mobile CEO and chairman Anthony Lacavera said that he is now considering making the acquisition with Verizon apparently out of the picture. “It puts me in a position […]
Verizon delays Canadian carrier acquisition
It appears that one potential suitor for the beleaguered Canadian carriers Mobilicity and WIND Mobile has decided to hold off an acquisition for now. According to The Globe and Mail, Verizon Wireless has decided to delay its plans to enter the Canadian market by acquiring one or both smaller Canadian carriers. According to “two people familiar with the situation,” the […]
HTC dismisses rumours it is up for sale
That HTC is struggling these days is well known. Despite its HTC One flagship meeting with critical success, its Q2 FY13 profits were down 83% over the same quarter a year ago and the company expects to post its first ever operating loss since going public in 2002. Things did not get better when EE Times‘ analyst Alice Sun posted […]
Apple acquires Toronto-based Locationary to enhance map services
In a bid to improve its mapping services, Apple has acquired Toronto-based Locationary, a start-up company that specializes in crowd-sourced data such location data such as business hours, parking availability and Wi-Fi access. This information will likely be added to its mapping software to provide additional information about a certain business or point of interest. The terms of the acquisition […]
AT&T to acquire Leap Wireless
The week may be wrapping up but that did not stop AT&T from announcing late today that it is planning to acquire the smaller prepaid carrier Leap Wireless. AT&T will pay US$15 per share in cash, making the deal worth about US$1.2 billion. It will also see AT&T acquire all of Leap’s wireless licenses, network assets, retail store as well […]
Mobilicity in talks with “multiple parties” over acquisition
Mobilicity shareholders were supposed to be voting today on a recapitalization plan for the beleaguered carrier. Instead, the company has postponed the vote indefinitely as acquisition discussions continue. The move comes after it had already delayed the vote. The company explained today that it was holding talks with “multiple parties in connection with an acquisition plan of arrangement.” Stewart Lyons, […]
Samsung acquires Boxee, a video start-up
Earlier today it was announced on an Israeli Web site, The Marker, that Samsung had purchased the start-up for approximately US$30 million. A Samsung spokesperson would only confirm that they had acquired the assets and the employees, but would not reveal the price paid. Samsung has acquired key talent and assets from Boxee,” the spokeswoman said in a statement. “This […]