Rumours that Samsung wants to acquire BlackBerry have resurfaced once more. According to Reuters, the South Korean company recently approached BlackBerry to discuss a potential acquisition. It is willing to spend as much as US$7.5 billion to acquire the Canadian company primarily for its patent portfolio. This translates to a premium of up to 60% over BlackBerry’s current trading price […]
Mergers and acquisitions
Two wireless charging standards bodies to merge
Wireless charging holds much promise but has been held back by the fact that many different wireless charging standards exist. Things could get a little simpler in 2015 with two standards bodies announcing yesterday that they plan to merge later this year. The Alliance for Wireless Power (A4WP) and Power Matters Alliance have signed a Letter of Intent that should […]
Rogers to share GLENTEL ownership with Bell
Rogers Communications announced on Christmas eve that it has reached an agreement with BCE over the latter’s proposed acquisition of GLENTEL, a Canadian mobile products distributor. The move comes just days after Rogers filed an injunction to block the sale of GLENTEL to BCE, Bell Mobility’s parent company. The agreement will see Rogers “jointly own” GLENTEL’s Canadian retail distribution outlets […]
Rogers files court injunction to block GLENTEL sale to Bell
BCE’s plan to acquire GLENTEL, a Canadian mobile products distributor, has hit a speed bump. Rogers Communications this week filed an injunction with the Ontario Superior Court of Justice to block the CA$670 million deal. It claims that its agreement with GLENTEL requires that the distributor obtain approval from Rogers before it can proceed with the acquisition. GLENTEL today responded and […]
Bell to acquire mobile phone distributor GLENTEL
Bell Mobility’s parent company, BCE, today announced that it will acquire GLENTEL, a Canadian mobile products distributor. It may be more familar to you as WIRELESSWAVE and Tbooth wireless but it also provides retail management services for Costco Canada, Samsung Canada, and Target Canada. The deal, valued at approximately CA$670 million, is meant to enhance “Bell’s strategy to accelerate wireless […]
Industry Canada approves Globalive Capital WIND Mobile acquisition
Industry Canada today approved the proposed buyout by AAL Acquisitions Corporation of Dutch-based VimpelCom’s share in WIND Mobile. The CA$135 million deal (CA$300 million including debt) was first announced in September and was orchestrated by WIND Mobile Chairman Tony Lacavera through his investment company Globalive Capital and a consortium of financial backers that includes West Face Capital, Tennenbaum Capital Partners, […]
Lenovo closes Motorola acquisition
It took nearly a year but Motorola today has a new owner, China’s Lenovo. The Motorola acquisition was first announced back in January 2014 when Google agreed to sell the mobile device manufacturer to Lenovo for US$2.91 billion. Motorola will operate as a wholly owned subsidiary of Lenovo and remain headquartered in Chicago’s Merchandise Mart. As had been expected, the iconic […]
Lenovo readying another bid for BlackBerry?
Lenovo already made one high profile move in the smartphone space when it announced plans to acquire Motorola from Google earlier this year for US$2.91 billion. The deal has yet to close that it may be readying another big move. A rumour now suggests that the Chinese company could make an offer to acquire BlackBerry as early as later this week. […]