By Cody Lee on Aug 15, 2014
With much of the ‘next big thing in tech’ talk focused on wearables and mobile payments, it’s easy to forget about the connected home. But all of the major tech companies are making major moves in this space, including Google, Apple and now Samsung.
Following Google’s Nest acquisition and Apple’s HomeKit unveiling, Samsung announced this week that it has purchased smart home startup—and former Kickstarter sensation—SmartThings. The money is said to be in the neighborhood of $200 million… Read More
By Cody Lee on Aug 1, 2014
It’s been just over 2 months since Apple announced that it would be acquiring Beats Electronics for $3 billion. And although the deal wasn’t expected to be completed until September, the Cupertino company is clearly ready to officially welcome Beats to the family.
Apple this morning posted a link on the homepage of its website to a new portal called ‘Welcome Beats,’ which features a brief message about the merger. Likewise, a message has been posted on Beats’ homepage regarding the acquisition and upcoming changes… Read More
By Cody Lee on Aug 1, 2014
It appears that Sprint may have some new competition in the T-Mobile suitors club. The Wall Street Journal is reporting that French telecom Iliad has offered to buy T-Mobile U.S., putting in a bid of $15 billion cash for a majority 56.6% stake in the carrier.
Like T-Mobile in the United States, Iliad is the fourth largest wireless provider in France. Founded by billionaire French entrepreneur Xavier Niel, the company has climbed its way to the top by offering better pricing and customer service than the competition… Read More
By Cody Lee on Jul 24, 2014
Google has reportedly reached an agreement to acquire Twitch for $1 billion. After several months of rumors that the search giant was courting the streaming video platform, VentureBeat says that it has confirmed with several sources that it’s a done deal.
For those unfamiliar with the service, Twitch is a San Francisco-based company that enables people to broadcast video game sessions from their consoles, computers, and as of March, mobile devices. It also distributes content from CBS Interactive partners… Read More
By Cody Lee on Jul 22, 2014
One of the more interesting tidbits from today’s earnings call was a revelation about Apple’s recent acquisitions. Tim Cook said the company has purchased 5 companies since the end of the March quarter, and a total of 29 companies during the past 9 months.
Apparently these numbers do not include the Beats Electronics deal—Apple’s largest acquisition to date—because it has not completely finalized yet, and isn’t expected to until later this quarter. So who are the other companies? These are the ones we know about… Read More
By Cody Lee on Jun 21, 2014
Smart thermostat-maker Nest announced on Friday that it has reached an agreement to acquire Dropcam. The company, which itself was purchased by Google earlier this year, says that the all-cash deal is worth a hefty $555 million.
For those unfamiliar with Dropcam, it’s behind the popular line of Internet-connected home monitoring cameras. Major selling points for the cameras include easy setup, 2-way audio and remote streaming via any PC or mobile device… Read More
By Cody Lee on Jun 13, 2014
Priceline has announced today that it has reached an agreement to acquire online restaurant reservation service and Apple content partner OpenTable. The travel site will be doling out $103 per share in the all cash transaction, which is said to be worth $2.6 billion.
For those unfamiliar with it, OpenTable facilitates restaurant reservations through its website and mobile apps. Apple has long been a proponent of the service, which it reaffirmed in 2012 by integrating it into its digital assistant Siri, as part of the year’s iOS 6 update… Read More
By Cody Lee on Jun 11, 2014
As expected, touchscreen chipmaker has announced that it will be buying Renesas SP Drivers, the sole supplier of display chips for the iPhone. The deal is said to be worth $475 million—around the same price Apple was rumored to bid for the company earlier this year.
For those unfamiliar with Renesas, it’s a joint venture between Powerchip and Sharp that specializes in building LCD drivers for small and mid-sized LCD panels. These chips determine a display’s quality, and typically account for around 10% of a device’s battery usage… Read More
By Cody Lee on Jun 4, 2014
Bloomberg is reporting this afternoon that Sprint and T-Mobile are getting very close to reaching a deal for acquisition. The outlet says that the purchase, if agreed upon, will be made in about 50% stock and 50% cash, but there’s no word yet on price.
Sprint has been rumored to be interested in T-Mobile for months now. The carrier, which was recently taken over by Japan’s SoftBank, has been impressed with the ‘uncarrier’ movement, and a buyout will make it more of a threat to AT&T and Verizon…
By Cody Lee on May 28, 2014
In addition to giving comments for the press release and writing a memo to employees, Tim Cook apparently invited a handful of high profile journalists to Apple’s Cupertino headquarters today to talk about the just-announced Beats acquisition.
Cook spoke with reporters from the Wall Street Journal, the New York Times, the Financial Times and other publications this afternoon on the Beats buyout. And we’ve rounded up some of the more interesting tidbits from each interview, below… Read More
By Cody Lee on May 24, 2014
Billboard is out with a new report this weekend, claiming that it’s learned why the Apple-Beats acquisition has not been announced yet. Citing sources familiar with the matter, the outlet says that there are at least 5 things holding up the deal.
First, the buyout is ‘complicated.’ With this being Apple’s largest purchase ever, the folks in Cupertino want to make sure they cross every t and dot every i. And second, the iPad-maker was nowhere near ready for details of the negotiations to leak… Read More
By Cody Lee on May 22, 2014
It’s been two weeks since we first received word that Apple was looking to acquire Beats Electronics, and we still haven’t heard a peep about the sale from either company. Some folks have taken the silence as a sign talks had broken down, but a new report says that’s not the case.
According to TechCrunch, sources with knowledge of the deal say that Apple’s planned multi-billion dollar acquisition of headphone maker Beats will go through. The outlet does note, however, that negotiations have been bumpy and close to falling apart on multiple occasions… Read More
By Cody Lee on May 18, 2014
As expected, AT&T has announced today that it has reached a deal to acquire satellite TV heavyweight DirecTV. The buyout will come in the form of a stock-and-cash transaction—$95 per share based on AT&T’s Friday closing price—worth in upwards of $50 billion.
Between DirecTV’s satellite business and AT&T’s U-verse arm, the move results in a combined 26 million TV subscribers. That essentially makes AT&T the number one pay-TV provider, second if the long-rumored Comcast/Time Warner Cable deal ever goes through… Read More
By Cody Lee on May 14, 2014
Following the flurry of reports late last week regarding Apple’s plan to acquire Beats Electronics, a lot of folks expected the iPad-maker to comment on the matter after the long weekend. But Monday came, and went, without a single word from Cupertino.
As it turns out, that may be because it isn’t a done deal yet. Citing people familiar with the transaction, Recode’s Peter Kafka is reporting that Apple’s Beats acquisition is taking longer than originally expected, and it may not be finalized until next week… Read More
By Cody Lee on May 11, 2014
Since word got out last Thursday that Apple is in the final stages of purchasing Beats Electronics, it seems like everyone and their dog has written an op-ed on why Tim Cook and company would want to spend $3 billion on the headphone-maker.
While I normally love playing armchair analyst on topics like this, I’ve decided this time not to add to the noise. Instead, I’ve rounded up a handful of some of the better theories I’ve seen around the web on why an Apple-Beats deal makes any sense… Read More
By Cody Lee on May 8, 2014
Following up news this afternoon that Apple is in serious talks to acquire Beats, the New York Post is reporting that co-founder Jimmy Iovine may soon be joining the company. The Post says Iovine would serve as a ‘special adviser,’ and would report to Tim Cook on ‘creative matters.’
Jimmy Iovine is a record and movie producer, as well as a very successful entrepreneur. He co-founded Interscope Records in the early 90′s, which later became part of the Universal Music Group, and then Beats in 2006, which again is being rumored to soon be bought out by Apple… Read More
By Cody Lee on May 2, 2014
Apple has acquired LuxVue Technology, a company that makes low-power displays for mobile electronics, according to TechCrunch. Citing sources close to the transaction, the site reports that the iPad-maker has added LuxVue to its hardware innovations team.
Little is known about the deal, and even less is known about the company. Other than its big $43 million in funding, LuxVue has managed to fly under the radar. Patents reveal, however, that it specializes in micro-LED tech that could be used in future iOS devices… Read More
By Cody Lee on May 1, 2014
Following the news that Sprint is considering buying T-Mobile comes word of another major acquisition. The Wall Street Journal is reporting that AT&T has approached DirecTV to begin possible buyout talks. The deal, the outlet says, could be worth over $40 billion in cash, stock and other assets.
Between DirecTV’s satellite business and AT&T’s U-verse arm, the move would result in a combined 26 million TV subscribers—which would be second only to the hypothetical Comcast/TWC combination, should that deal go through. So essentially, the two companies would hold most of the market… Read More
By Cody Lee on May 1, 2014
According to a new report from Bloomberg, Sprint is preparing to acquire T-Mobile this summer. It’s a rumor we’ve heard before, but the outlet says that the carrier has met with a number of banks, and plans to make a serious bid as early as June.
SoftBank and Deutsche Telekom, which own majority stakes in Sprint and T-Mobile respectively, are said to be in ‘active discussions’ over the buyout and possible CEO prospects. And unsurprisingly, T-Mobile’s John Legere is the leading candidate… Read More