Merger Archive

  • WIND Mobile: there can be only one (and we’re it)

    WIND Mobile: there can be only one (and we’re it)

    Posted on June 10, 2010 | No Comments
    It seems unlikely that Canada -- a country with a population a little over one-tenth of the US' -- could realistically support six national carriers over the long term, and WIND Mobile's parent company agrees. Speaking with an Ottawa newspaper, Globalive's chairman didn't pull any punches, saying that "there is room for only one more national operator in [his] opinion" and that he intends to be that operator, acquiring others along the way if need be. WIND is going up against fellow newcomers Mobilicity and Public Mobile in a bid to compete against the big trio of Rogers, Bell, and Telus, and it stands to reason that a merger or joint venture would probably help the little guys in their quest. Four is enough -- isn't it?

    WIND Mobile: there can be only one (and we're it) originally appeared on Engadget Mobile on Thu, 10 Jun 2010 14:18:00 EST. Please see our terms for use of feeds.

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  • Nobody wants the NBCU-Comcast merger to go down

    Nobody wants the NBCU-Comcast merger to go down

    Posted on April 1, 2010 | No Comments
    Looks like nobody in the TV industry wants the NBCU-Comcast merger to go down. And who could blame them! ABC, CBS, and Fox affiliates are afraid that, if the merger goes down, it'll cause the clouds to darken and the streets to run red with the blood of something or other. Basically, they're scared that the merger will put the in a very bad position indeed.

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  • RadioShack looking for a buyer, possibly Best Buy

    RadioShack looking for a buyer, possibly Best Buy

    Posted on March 26, 2010 | No Comments
    We could be looking at the end of RadioShack, boys and girls. The company is said to be exploring a strategic partnership, or outright sale, possibly to Best Buy. I don't see why Best Buy would be interested: what does RadioShack sell that's either A) not already available or B) entirely too niche for its Wal-Mart approach to selling consumer electronics?

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  • Boxee responds to NBC’s Jeff Zucker’s misleading statements to Congress re: Hulu-Boxee relationship

    Boxee responds to NBC’s Jeff Zucker’s misleading statements to Congress re: Hulu-Boxee relationship

    Posted on February 4, 2010 | No Comments
    The world's worst manager, Jeff Zucker, who just so happens to be the president of NBC Universal, was on Capitol Hill today trying to persuade lawmakers to allow the proposed merger with Comcast go through. Interesting to note his take on Boxee's relationship with Hulu, which, you'll recall, has been something of a mess. Boxee adds Hulu compatibility, Hulu breaks said compatability, Boxee re-works its code so that Hulu works again, Hulu breaks compatability again, etc. And on and on and on.

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  • Segway Acquired By UK-Based Firm, CEO Out

    Segway Acquired By UK-Based Firm, CEO Out

    Posted on January 14, 2010 | No Comments
    With no fanfare to speak of, Segway Inc, the company behind the gyroscope-powered, self balancing scooters, has been acquired by a UK-based firm. The news was first reported this morning Mass High Tech, and has since been confirmed on Segway's official blog. Segway has also confirmed that CEO James Norrod is no longer with the company. According to a forum post, the new CEO is Tricia Laidler. Segway's post indicates that the company is now owned by a UK-based firm backed by an investor in Segway U.K., which is independently owned.
    Segway Inc. is pleased to announce that in connection with a merger that occurred on December 24, 2009, Segway was acquired by a company that is based in the United Kingdom.  The acquiring company is backed by Jimi Heselden, a prominent U.K. businessman and the Chairman of Hesco Bastion.  Mr. Heselden is also an investor in the independently owned Segway U.K. distributorship. Additionally, Segway also received funding that will be used to support the continued growth of the company.

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  • Panasonic officially owns Sanyo and boasts the world’s largest plasma panel plant now

    Panasonic officially owns Sanyo and boasts the world’s largest plasma panel plant now

    Posted on December 22, 2009 | No Comments
    Good news for Panasonic in the last 48 hours. The company announced yesterday that it now officially turned Sanyo into a subsidiary after acquiring a 50.27% stake in its smaller rival. The merger was in the making for several months, and Panasonic paid a whopping $4.4 billion to make it happen. So we now have Japan's second largest electronics maker in terms of sales (Hitachi is still the biggest). And one day later, Tuesday morning Japanese time, Panasonic announced another accomplishment: The company has completed the world's largest plant for plasma panels. It's located in Amagasaki in Southern Japan and is ready to produce the largest PDPs in the industry (Panasonic says panels sized at 330 centimeters by 190 cm can now be mass-produced).

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  • Sprint wraps up iPCS acquisition, Nextel merger drama may finally be over

    Sprint wraps up iPCS acquisition, Nextel merger drama may finally be over

    Posted on December 7, 2009 | No Comments
    It's been eons since Sprint bought Nextel, but regional iDEN affiliate iPCS had managed to keep the fallout from the deal tied up in courts for years -- a side-effect of its claim that the merger violated Sprint's agreement to stay off iPCS' turf. After a few court losses, Sprint ultimately decided to bite the bullet and buy iPCS outright, and now, that deal's finalized to the tune of $831 million including Sprint's assumption of $405 million in debt. Though iPCS customers now become Sprint customers as a result of the acquisition, they'll effectively notice no difference -- the regional was already offering Sprint service exclusively under the Sprint brand, so this whole deal is little more than an escape hatch for the head office to tie off these legal wranglings once and for all.

    Sprint wraps up iPCS acquisition, Nextel merger drama may finally be over originally appeared on Engadget Mobile on Mon, 07 Dec 2009 19:32:00 EST. Please see our terms for use of feeds.

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  • Rumor: Palm looking to cash in, Nokia might strike?

    Rumor: Palm looking to cash in, Nokia might strike?

    Posted on September 23, 2009 | No Comments
    Another day, another merger rumor. The once-mighty handset developer, Palm, Inc., announced an increase of its public offering of common stock to 20,000,000 shares, @ $16.25/share. This news has spurred rumors of a possible bid on Palm by the Finnish mobile powerhouse, Nokia. James Faucette, an industry analyst at Pacific Crest Securities, thinks the idea of [...]

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  • NEC, Casio and Hitachi make cell phone op merger official, announce international plans

    NEC, Casio and Hitachi make cell phone op merger official, announce international plans

    Posted on September 15, 2009 | No Comments
    The first rumors started spreading about two weeks ago, and it was officially announced yesterday: Major Japanese cell phone makers Hitachi, NEC and Casio are merging their mobile phone operations to become Japan's No. 2 maker (following Sharp). The name of the new venture will be "NEC Casio Mobile Communications".

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  • NEC, Casio and Hitachi make cell phone op merger official, want to go international

    NEC, Casio and Hitachi make cell phone op merger official, want to go international

    Posted on September 15, 2009 | No Comments
    The first rumors started spreading about two weeks ago, and it was officially announced yesterday: Major Japanese cell phone makers Hitachi, NEC and Casio are merging their mobile phone operations to become Japan's No. 2 maker (following Sharp). The name of the new venture will be "NEC Casio Mobile Communications".

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  • Sprint and T-Mobile sitting in a (merger) tree?

    Sprint and T-Mobile sitting in a (merger) tree?

    Posted on September 14, 2009 | No Comments
    Paying attention, Verizon and AT&T? You might have a new monster of a mobile company (with lots of Android offerings) to deal with if Deutsche Telekom can successfully navigate a deal to purchase Sprint Nextel via its American arm, T-Mobile USA. After rumors of the German mobile giant’s interest in swallowing up the on again, off [...]

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  • FTC gives Sprint-Virgin Mobile merger a thumbs up

    FTC gives Sprint-Virgin Mobile merger a thumbs up

    Posted on August 24, 2009 | No Comments
    Earlier today, the FTC announced that Sprint Nextel’s proposed merger with Virgin Mobile USA has received antitrust clearance, i.e. the deal can move ahead. While still too early to tell if this is a good move for the struggling number 3 carrier, at least it looks like Sprint won’t have to deal with any legal [...]

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