Sprint today announced that it was suing AT&T and T-Mobile USA along with Deutsche Telekom to block the two from merging in a US$39 billion deal. “Sprint opposes AT&T’s proposed takeover of T-Mobile,” said Susan Z. Haller, vice president-Litigation, Sprint. “With today’s legal action, we are continuing that advocacy on behalf of consumers and competition, and expect to contribute our […]
Mergers and acquisitions
US government sues to block AT&T-T-Mobile USA merger
The US government has filed a lawsuit to block the US$39 billion merger of AT&T with T-Mobile USA. According to the filing, the deal would violate US antitrust law and would “substantially lessen competition” in the US wireless market. Should the merger be blocked, AT&T would have to give Deutsche Telekom, T-Mobile USA’s parent company, a break-up fee worth between […]
A look back on the past week
What a week to go away on vacation. I had barely sunk my toes in warm sand that Google announced it would buy Motorola. And the shakeups did not stop there. Only days later, HP dropped a surprise of its own, essentially giving up on webOS some 16 months after buying Palm. Just in case you were on holidays last […]
RIM buys video editing firm JayCut
Research In Motion today that it has acquired Swedish video editing firm JayCut. According to David Yach, Chief Technology Officer at RIM: The BlackBerry PlayBook offers users premium multimedia features, including dual HD cameras for video capture and video conferencing, HDMI output and high resolution video playback. By working with JayCut to add video editing capabilities to the BlackBerry platform […]
Zynga acquires Canadian mobile apps developer Five Mobile
Zynga, the company behind games such as Mafia Wars and Cityville, is coming to Canada. The company today announced that it was buying Toronto-based Five Mobile, a mobile applications developer. Financial terms of the acquisition were not disclosed. Five Mobile, now Zynga Toronto, creates compelling, robust and scalable mobile applications. The team has worked closely with some of the largest […]
Samsung considering buying Nokia?
Rumours swirled last week that Microsoft was set to acquire Nokia’s phone division for US$19 billion. Nokia’s CEO quickly stepped in to dispel them. Now comes word from The Wall Street Journal that Samsung might be interested in buying Nokia and that it is currently evaluating an offer. Much as happened last week, both Nokia and Samsung have denied the […]
RIM acquires Scoreloop
Research In Motion today announced that it had acquired Scoreloop, a company that offers an SDK that lets developers add social and collaborative features to their games. According to their CEO, Dr. Marc Gumpinger, As part of RIM, we’ll be in the unique position to integrate deeply into BlackBerry platforms to take mobile gaming to the next level. We’ll continue […]
Nokia CEO denies Microsoft acquisition rumours
Nokia CEO Stephen Elop quickly stepped in today to quell rumours that Microsoft would acquire Nokia’s phone division. Speaking to Bloomberg, he called the rumours “baseless” and added “We have a great plan for our future, and we’re focused on executing that plan. The rumors are all over the place. There’s no basis for them.” Elop went on to indicate […]