Just one day after T-Mobile unveiled its Smartphone Equality program letting loyal customers avoid credit checks, Sprint has announced a new promotion specifically targeting T-Mobile customers with an offer to make switching carriers easier. Sprint’s latest buyback and trade-in offer joins the carrier’s existing ‘Cut Your Bill in Half’ promo which encourages AT&T and Verizon customers to switch; T-Mobile was notably missing from that offer. Here’s how Sprint details the new promotion for T-Mobile customers: expand full story
buyout Stories January 23, 2015
buyout Stories January 14, 2015
BlackBerry denies claims of $7.5 billion Samsung buyout
Earlier today a rumor appeared through CNBC that Samsung was considering buying up BlackBerry for its patents. After getting a nice 21% bump to its stock price, BlackBerry has officially denied the claims in a new statement:
BlackBerry Limited (NASDAQ:BBRY)(TSX:BB) (“BlackBerry”) is aware of certain press reports published today with respect to a possible offer by Samsung to purchase BlackBerry. BlackBerry has not engaged in discussions with Samsung with respect to any possible offer to purchase BlackBerry. BlackBerry’s policy is not to comment on rumors or speculation, and accordingly it does not intend to comment further.
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buyout Stories May 2, 2014
Google is taking a step towards advancing its e-commerce business, by purchasing London-based Rangespan, which has developed a unique tech that helps retailers forecast products and services that will be high in demand in the future.
A message on Rangespan’s website confirmed the buyout today. “We are very happy to announce that Rangespan is joining Google,” the company wrote. “We will continue to work on services for shoppers and retailers at Google, and we’re super excited about the opportunities to come. As part of the change, we will wind down Rangespan’s services. We’ve already begun working individually with each of our retailers and suppliers on this process.”
buyout Stories January 30, 2014
Lenovo on Moto aquisition: Our mission is to surpass Apple and Samsung
Lenovo CEO Yuanqing Yang spoke to CNNMoney about his company’s recent acquisition of Motorola from Google today. In the interview, Yang was asked if his goal for Lenovo was to eventually catch up with more established competitors in the mobile space, such as Apple and Samsung.
With Motorola, Lenovo will be the No. 3 smartphone maker worldwide. Do you think your company can catch up with Apple or Samsung, who are still far ahead of you? And how long will it take?
Definitely, over time. Our mission is to surpass them.
Yang says that Lenovo’s smartphones will probably be released under the Motorola banner, a smart branding decision given Motorola’s existing name recognition and popularity in the U.S. and other countries.
The branding choice combined with the infrastructure and personnel from the Moto buyout could help propel the company to the top of the market, but it will be a hard road to the level of success that Yang is after—especially with Apple and Samsung already locked in a fierce, years-long battle for the top spot.
Throughout the interview, Yang continued to note that several decisions still need to be made with regards to how phones will be branded in certain countries and whether the Lenovo name will be associated with Motorola at all. It will certainly be interesting to see how Yang uses the Motorola brand to push Lenovo forward.
buyout Stories January 13, 2014
Following $3.2B Nest acquisition, Google gains $2.3B in after hours trading
Following today’s announcement that Google had bought the company behind the Nest learning thermostat, the Mountain View-based company has gained over $2B in after hours trading. Considering the fact that they only spent $3.2B on the acquisition, it looks like the folks at Google has made out pretty well today.