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.
buyout Stories June 18, 2013
According to a new report out of the Financial Times, Huawei is considering buying Finnish smartphone manufacturer Nokia. Richard Yu, Huawei’s consumer business group chairman explained at the company’s Ascend P6 launch event that Huawei is looking into the acquisition, but how far negotiations go would depend on the willingness of Nokia. “We are considering these sorts of acquisitions; maybe the combination has some synergies but depends on the willingness of Nokia. We are open-minded,” Yu stated.
Huawei is not a household name here in the United States when it comes to smartphones, most likely due to the company’s shaky relationship with the U.S. government, but Yu says the company is certainly looking to take on the likes of Samsung and Apple, and having Nokia behind it would definitely be helpful. expand full story
buyout Stories March 6, 2012
Google must be napping to reenergize for its upcoming Motorola Mobility acquisition, because it has not completed a single buyout in 2012 despite purchasing 79 companies last year.
Google filed its 10-K with the SEC in January that revealed the Mountain View, Calif.-based search engine spent $1.9 billion (including stock and cash) on 79 acquisitions in 2011. The more notable purchases were ITA Software for $676 million, and Apture, Katango, and Clever Sense. That means the Internet giant bought six to seven companies a month in 2011. In contrast, it obtained four companies a month in 2010 for a total 48 acquisitions worth $1 billion.
With that said, Google has not picked up a single company since Dec. 13, 2011—roughly four months since its last investment. If judging Google’s spending habits over the last two years, the firm should have already completed 16 to 28 buyouts in 2012 to bulk its portfolio of interests. The company still has time to flash its money, though, as it grabbed roughly 25 of those 2011 acquisitions after the year’s third quarter.
More information is available below.
buyout Stories October 27, 2011
We reported earlier this month that the Wall Street Journal was claiming Sony was close to closing a deal to buy out swedish partner Telefon AB L.M. Ericsson’s 50% stake of the Sony Ericsson brand. Today the deal has been made official with Sony buying out Ericsson for 1.05 billion euros ($1.5 billion). According to the press release, the move will allow Sony to better integrate smartphones into its other product lines– tablets, PCs, TVs, and games consoles. It will also give them full ownership over “five essential patent families” related to wireless smartphone tech, which could obviously help the company easier implement tech being used in their smartphones into other devices.
Sony’s Chairman, Chief Executive Officer and President Sir Howard Stringer noted the deal would allow the company to put its “four-screen strategy in place” and allow them to offer services like the PlayStation and Sony Entertainment networks on all devices. We know Microsoft is focused on integrating Xbox Live and their other services with Windows phones, and it looks like Sony has plans to give the same treatment to their smartphones going forward with help from the PlayStation. Maybe the Xperia Play wont be the only PlayStation certified phone in the near future.
Its clear Sony isn’t going to just let the failing Sony Ericsson brand, which only captured approximately two percent of the worldwide mobile phone market last year, fall by the wayside in an Apple and Samsung dominated smartphone market. Even with considerable success since forming the partnership in 2001, Sony Ericsson’s brand recognition has arguably never been on par with the Sony brand associated with the Walkman, PlayStation, Sony TVs, and other iconic Sony products most of us grew up with. On top of acquiring the patents necessary to integrate smartphones with their other products, perhaps dropping Ericsson and branding devices simply as “Sony” smartphones will bring back some of that brand recognition that has obviously done companies like Apple well.
Full press release from Sony below: expand full story
buyout Stories October 6, 2011
Wall Street Journal is reporting that Sony is coming close to closing a deal with Telefon AB L.M. Ericsson to buy out their 50% stake of the Sony Ericsson brand. Sony Ericsson is currently the sixth largest mobile phone maker in the world, and Sony hopes to fully add them to their arsenal. As you can see in the graph after the break, Sony Ericsson’s market share has been declining rapidly in recent years.
While the talks could fall apart at any time, Sony Ericsson’s stake is estimated between $1.3 billion to $1.7 billion by analysts. Sony reportedly has high ambitions to regain the mobile phone market from primarily Apple and Google. For comparisons sake, Google acquired Motorola Mobility for $12.5 billion, but of course the Sony situation is a little different.