In a terse press release, Orascom Telecom, a subsidiary of Vimpelcom Ltd, today announced that it is dropping its plans to acquire WIND Mobile. The company attributed the decision to “a review process and discussions with the government of Canada” but provided no specific reasons. The Globe and Mail last week reported that concerns about national security were delaying the […]
Mergers and acquisitions
Verizon Considering WIND Mobile Acquisition?
Verizon Communications may be coming north of the border. The Globe and Mail reports today that the U.S.-based carrier has cast its eye on WIND Mobile, one of Canada’s smaller carriers. Discussions are still at an early stage though. So far, only “exploratory talks with investors” have been held between the two companies. According to one source, “They [Verizon] are […]
LG acquires webOS from HP
WebOS may well become known as the operating system with nine lives. Released to the open source community after Hewlett-Packard decided to give up on it shortly after the launch of the HP TouchPad, the future for the promising OS looked grim. That may have all changed today with the news that LG is buying webOS from HP. But there is a […]
Lenovo downplays RIM acquisition story
Lenovo CFO Wong Waiming last week suggested that the Chinese company was open to the idea of acquiring Research In Motion in an effort to grow its mobile business as PC sales slow down. A statement sent to TheNextWeb by the company today suggests that certain statements may have been taken out context during the Bloomberg interview. Lenovo explains that […]
Lenovo considering RIM acquisition
Rumblings that Research In Motion could be acquired resurfaced today courtesy of Lenovo. Company Chief Financial Officer Wong Wai Ming said that such a move was under consideration during an interview at the World Economic Forum in Davos, Switzerland: “We are looking at all opportunities – RIM and many others. We’ll have no hesitation if the right opportunity comes along […]
WIND Mobile CEO to step down after selling shares to Orascom Telecom
Orascom Telecom and today announced that it will buy WIND Mobile CEO Anthony Lacavera’s stake in the company in a move that will also see Lacavera step down as CEO. Pending approvals, Lacavera’s holding AAL Corporation will transfer its indirect 66.7% voting share in Globalive Wireless Management Corp., operating in Canada as WIND Mobile, to Orascom. When the dust settles, […]
Microsoft to acquire both Nokia and NVIDIA?
There have already been rumours that Microsoft could acquire Nokia but the latest round of speculation would see Microsoft not only acquire Nokia but also chipmaker Nvidia. According to InformationWeek’s Paul McDougall who is proposing this theory, Microsoft is “sick of watching Apple’s beautiful new products draw raves and set fanboy hearts afire while its partners come out with Windows-based […]
Japan’s SoftBank acquires 70% stake in Sprint
Japan’s SoftBank announced over the weekend that it plans to acquire a 70% stake in Sprint, the third largest wireless carrier in the U.S. The deal is worth US$20.1 billion, including US$8.0 billion of new capital for the carrier. Together, the two carriers will have 96 million subscribers. SoftBank Chairman and CEO, Masayoshi Son, said, “This transaction provides an excellent […]