Facebook today announced that it is acquiring Instagram, makers of the photo-sharing app of the same name. It will pay about US$1 billion in cash and company stock and is the company’s largest acquisition to date. According to Mark Zuckerberg, founder and CEO of Facebook: For years, we’ve focused on building the best experience for sharing photos with your friends […]
Mergers and acquisitions
Research In Motion acquires Paratek
Research In Motion has acquired Paratek Microwave, a US-based company that designs and manufactures RF component solutions for mobile wireless applications. As a part of RIM, a technology leader and pioneer in the smartphone category, Paratek will continue to innovate and to bring leading edge adaptive tuning solutions to the industry. We are very excited about this transaction and the […]
Google to appoint new Motorola Mobility CEO?
Bloomberg today reports that Google will replace current Motorola Mobility CEO Sanjay Jha with a Google executive when it completes the acquisition. According to “three people familiar with the matter,” Google will appoint Dennis Woodside to succeed Jha. Woodside, a Google senior vice president, is already working on the merger and is likely already quite familiar with Motorola’s business. Google […]
Sony Ericsson renamed Sony Mobile Communications
Sony today announced that its acquisition of Ericsson’s share in their joint venture is officially complete. It will rename its new wholly-owned subsidiary Sony Mobile Communications and will “further integrate the mobile phone business as a vital element of its electronics business, with the aim of accelerating convergence between Sony’s lineup of network enabled consumer electronics products, including smart phones, […]
Samsung dispels RIM purchase rumours
Research In Motion stock today rose as much as 11% in large part due to rumours that Samsung was considering purchasing the struggling company. By the end of the day, Samsung moved to dispel the rumour, a move that sent the stock back down some before the close of markets. According to Samsung spokesman James Chung: “We haven’t considered acquiring […]
Rumour: Samsung interested in buying RIM
Rumours that Research In Motion could get bought out surface every once in a while (Microsoft, Nokia, Amazon all mentioned recently). With the company’s recent challenges and slumping stock price, these have resurfaced again. Not only is RIM apparently looking to license its operating system to others but it is also actively looking to sell either a portion of the […]
Nokia buys Smarterphone feature phone OS
Two operating systems don’t appear to be enough for Nokia. The device manufacturer has purchased a feature phone operating system called Smarterphone from a Ferd, a Norwegian company. Smarterphone is described as making “it possible to deliver a user experience similar to smart phones on affordable hardware, and allows unique flexibility for tailoring handset software to different markets.” Smarterphone comes […]
Microsoft and Nokia also considered buying RIM?
You can add Microsoft and Nokia to the list of suitors looking at RIM. A Wall Street Journal report indicates that the two companies also considered making a bid for the beleaguered Canadian company.It’s not clear how far the talks went but reinforces the fact that RIM’s sagging share price is making it a more interesting takeover target. According to […]