Research In Motion’s plunging stock price has made the subject of predictions that it might get bought out by a competitor or someone looking to acquire its patents. According to a report by Reuters, Amazon and other buyers looked into acquiring the Canadian company this past summer but no formal offers were made. While informal talks may have taken place, […]
Mergers and acquisitions
WIND Mobile to acquire Mobilicity?
WIND Mobile’s parent company, Globalive Communications Corp, is reportedly looking to buy Mobilicity. Citing “a person familiar with the discussions,” Bloomberg adds that the two companies are currently talking and could reach an agreement sometime in the first quarter of 2012. WIND Mobile’s subscriber base (about 400,000 now) would more than double with the addition of the 250,000 Mobilicity customers […]
AT&T drops US$39 billion bid for T-Mobile USA
After a number of setbacks, AT&T today announced that it has ended its US$39 billion bid to acquire T-Mobile USA. Aside from concerns and lawsuits from competitors, AT&T faced intense scrutiny from both the Federal Communications Commission and the Department of Justice and lays the blame at their feet: The actions by the Federal Communications Commission and the Department of […]
SPB Software House acquired by Yandex
If you ever played with Windows Mobile devices, the name SPB Software House should be familiar to you. It announced yesterday that it was being acquired by Yandex, a Russian search engine company. “Mobile is a vital part of our growth strategy. The acquisition of SPB Software creates new market potential for us and a plethora of possibilities for innovative […]
Google merger approved by Motorola Mobility stockholders
Motorola Mobility today announced that its shareholders have voted overwhelmingly in favour of the proposed merger with Google. Some 99 percent of shares, representing 74 percent of all outstanding shares, voting voted in favour of the US$12.5 billion deal. Sanjay Jha, chairman and CEO of Motorola Mobility, said, “We are pleased and gratified by the strong support we have received […]
e-Commerce giant Rakuten to acquire Kobo eReader company
Kobo today announced that the Canadian company will be acquired by Japan-based Rakuten, one of the world’s top 3 e-commerce companies by revenue. Hiroshi Mikitani, Chairman and CEO of Rakuten, commented on the acquisition, “We are very excited about this next step. Kobo provides one of the world’s most communal eBook reading experiences with its innovative integration of social media, […]
Sony buys out Ericsson in Sony Ericsson joint venture for US$1.47 billion
Sony Ericsson will become a wholly-owned subsidiary of Sony after Ericsson agreed to sell its stake in the joint venture for US$1.47 billion (€1.05 billion). “This acquisition makes sense for Sony and Ericsson, and it will make the difference for consumers, who want to connect with content wherever they are, whenever they want. With a vibrant smartphone business and by […]
HTC acquires Inquisitive Minds, makers of kid-friendly Zoodles
US-based company Inquisitive Minds, the creators of Zoodles (a kid friendly interface and app manager), today announced that it has been acquired by HTC. Today we are excited to announce that we will be joining HTC with the goal of bringing Zoodles to the billion+ children in the world who haven’t yet played and learned with our product. Like Zoodles, […]