By Cody Lee on Dec 6, 2013
Back in September, Verizon announced that it had reached an agreement with Vodafone to purchase its 45% stake in Verizon Wireless. The carrier, which was founded in April of 2000, has thus far been a joint venture between the two companies.
With a purchase price believed to be approaching $130 billion, the deal will go down as one of the largest acquisitions in history. And it looks like it will be happening sooner, rather than later, as the FCC has just given the transaction its approval.. Read More
By Cody Lee on Nov 24, 2013
A week ago, a report surfaced from Israeli news outlet Calcalist claiming that Apple had reached an acquisition deal with the 3D sensor tech company PrimeSense. The purchase wasn’t final, but the outlet seemed pretty confident it was close.
Today, Globes adds it weight to the story with its own report. Thepublication—who has a solid track record of providing accurate intel regarding high-level buyout talks—says the deal was completed Friday and will be announced next week… Read More
By Cody Lee on Nov 17, 2013
Apple has reportedly purchased PrimeSense, an Israeli-based 3D sensor technology company, for $345 million. Rumors of the acquisition surfaced earlier this year, but Israeli news outlet Calcalist says the deal is now done, and Apple plans to announce it within the next few weeks.
PrimeSense is best known to most folks for its work with Microsoft, who used its technology, chips, and designs inside the first Kinect sensor for the Xbox 360. But the company sells its own 3D sensors and software for use in other markets such as as TV, mobile, retail, and robotics… Read More
By Cody Lee on Nov 13, 2013
It was the summer of 2006. Facebook was just two years old, and strictly a college site, with some 8 or 9 million users. And the company’s founder, Mark Zuckerberg, met with board members Jim Breyer and Peter Thiel to discuss Yahoo’s $1 billion buyout offer.
As we all know, Zuckerberg ended up turning down the money, in what has become one of the most infamous moves in the last 10 years of tech. But the wunderkind recently found himself on the other side of the negotiating table, with even more money at stake… Read More
By Cody Lee on Oct 28, 2013
In what turned out to be a rather interesting earnings call earlier today, Tim Cook talked about a wide range of topics including ‘new product categories‘ and Apple’s thinking behind the iPhone 5c. And he also touched on acquisitions.
In what seemed like a passing comment, Cook noted on today’s call that Apple has completed a total of 15 strategic acquisitions during the course of fiscal 2013. That equates to roughly one every 3-4 weeks, a new high for the company… Read More
By Cody Lee on Oct 14, 2013
Facebook announced today that it has acquired Onavo, an Israel-based startup. Initial reports claimed the sale price was in upwards of $200 million, but a more recent scoop from The New York Times claims it was closer to $120 million.
There are two parts to Onavo’s business: one of consumer-facing apps that help optimize iOS and Android device performance, as well as minimize their data usage while surfing the web, and one of app analytics for mobile publishers… Read More
By Cody Lee on Oct 3, 2013
Apple has apparently acquired another personal assistant company. It’s called Cue, and it’s the startup firm behind the personal assistant app for iPhone, of the same name, which shut down earlier this week.
The company, formerly known as Greplin, was a Y Combinator alumnus, announced to its users on Tuesday that the service would be shutting down, and that premium users would receive a prorated refund… Read More
By Cody Lee on Sep 16, 2013
In February of 2011, Microsoft and Nokia announced a joint strategic partnership that would see Windows Phone become the principal platform strategy for Nokia’s mobile devices. And the Finnish giant took quite a bit of heat for putting all of its eggs in Microsoft’s basket.
But according to a new report, the company had a plan b: an Android device. Sources familiar with the project say that a team within Nokia had Android up and running on its Lumia handsets “well before” it began buyout negotiations with Microsoft for its mobile phone business… Read More
By Cody Lee on Sep 3, 2013
Early Tuesday morning, Microsoft announced that it would be purchasing Nokia’s devices and services business. The transaction has been approved by the Boards of Directors for both companies, and is expected to close in Q1 of next year, pending regulatory approval.
As for the terms of the deal, Microsoft is paying EUR 3.79 billion to purchase substantially all of Nokia’s cell phone business, and EUR 1.65 billion to license the company’s patents, for a total price of EUR 5.44 billion (or roughly $7.2 billion in US dollars) in cash… Read More
By Cody Lee on Sep 2, 2013
It’s official, Verizon has reached an agreement with Vodafone to buyout its 45% stake in Verizon Wireless for $130 billion. The news comes after several months of rumors and speculation, and a report from The Wall Street Journal this weekend.
The deal, which is expected to close by the beginning of next year, is significant for a few reasons. For one, it will put Verizon in full control of the largest wireless carrier in the US. And two, it will rank as one of the largest acquisitions in history… Read More
By Christian Zibreg on Sep 2, 2013
A lot of watchers hit the panic button after the billionaire investor Carl Icahn announced taking a “large position” in Apple (think north of $1 billion), which more often than not acts as a Wall Street code-word for impending board/CEO changes and hostile takeovers. But these people needn’t worry if an article by the New York Post is anything to go by.
As it turns out, Icahn may be simply looking to leverage his newly acquired influence to force Apple into buying Nuance Communications, whose technology powers Siri’s speech recognition. Icahn just recently has conveniently increased his stake in Nuance and now owns 16.4 percent of the company.
Coincidentally or not, the investor said that both Apple and Nuance in his view are currently undervalued… Read More
By Cody Lee on Sep 1, 2013
Verizon has reached an agreement with Vodafone to purchase its 45% stake in Verizon Wireless for roughly $130 billion, according to a new report from The Wall Street Journal. The outlet says that the deal isn’t final yet, but it could be announced as soon as Monday.
The acquisition would be the second-largest ever of its kind, coming in about $40 billion behind another Vodafone deal—a $172 billion buyout of Mannesmann AG in 1999—and would cement Verizon’s control of the biggest wireless carrier in the US by subscriber base… Read More
By Ed Sutherland on Aug 28, 2013
Apple has once more dipped into Sweden for its latest startup acquisition. AlgoTrim’s claim to fame is software which compresses images for quicker display on mobile displays and technology for efficient and battery-friendly image processing and editing – again, optimized for mobile devices. While neither Apple nor AlgoTrim will talk about the purchase, their reticence hasn’t prevented speculation that the tiny firm was acquired to boost iOS imaging.
What does Apple want with a company which reportedly earned in 2012 just $3 million – pocket change for the Silicon Valley tech giant? First, consider who also wants AlgoTrim’s software. Yep, Google’s Android… Read More
By Christian Zibreg on Aug 19, 2013
Incipio Technologies, the well-known maker of cases and other accessories for mobile products, today announced it is acquiring Braven for an undisclosed sum. If you’re a sucker for mobile accessories, chances are you’ve heard of Braven by now. The company specializes in portable wireless Bluetooth speakers and was the first to produce a portable HD speaker / speakerphone that doubles as a cellphone charger.
The Irvine, California based Incipio hopes to broaden its portfolio by adding Braven’s popular wireless speakers to its lineup… Read More
By Cody Lee on Aug 15, 2013
Earlier this week, news broke that Apple had purchased a small video discovery startup called Matcha. At one time, the service helped users find interesting TV shows and Movies based on their preferences, but it mysteriously went offline back in May.
While we found out on Tuesday why it disappeared, that’s about all we knew about the acquisition. But a report from TechCrunch today shines some new light on the deal, citing sources that say Apple was after Matcha’s recommendation algorithms… Read More
By Cody Lee on Aug 13, 2013
Apple has acquired second screen startup Matcha, according to a new report. The company helped users find interesting movies and TV shows online based on their own preferences, as well as those of their friends on various social networks.
The company mysteriously disappeared back in May of this year, leaving nothing but a brief note on its website saying that the service would no longer be available and that all user data had been deleted. And now we know what happened to it… Read More
By Cody Lee on Aug 12, 2013
Facebook has announced this afternoon that it has acquired Mobile Technologies, a private company that develops speech recognition and machine translation technology. The move reiterates the social network’s commitment to its mobile strategy.
Honestly, I hadn’t heard of the company before today. But some quick digging shows that Mobile Technologies is behind the popular Jibbigo translation app, which the developers claim is the ”world’s first” online/offline speech-to-speech translator… Read More
By Cody Lee on Aug 9, 2013
Despite the fact that Apple seems to be doing everything in its power to reduce its supply chain dependence on Samsung, the two appear to be inseparable. The Korean tech giant still makes a number of iOS device components, including processors and displays.
With that in mind, you can understand why we were interested to hear this afternoon that Samsung is in the process of purchasing Novaled, a German-based OLED (organic light-emitting diode) company, for a staggering 260 million euros, or $347 million USD… Read More
By Cody Lee on Jul 29, 2013
AT&T is at it again. Adding to its list of acquisitions, the company announced today that it will be purchasing regional carrier Long Lines Wireless. The telco has coverage throughout the midwest and owns some valuable spectrum licenses.
The news comes just a little over two weeks after AT&T announced it would be acquiring prepaid carrier Leap Wireless. And the company says the move is to help it improve its 3G and LTE network coverage in areas within Long Lines’ footprint… Read More