Search Results for: U.S. Securities and Exchange Commission

October 23, 2013

Deal with Gorilla Glass maker Corning could give Samsung head-start in new display technology

Samsung could see itself getting priority access to new glass technologies after taking a 7.4 percent stake in Gorilla Glass maker Corning and simultaneously signing a 10-year supply agreement. The net effect of a complex series of share swaps and cash investments, allied to a long-term procurement commitment from Samsung, is a $2B deal that will […]

September 24, 2013

Amazon to launch revamped, higher-resolution Kindle Fire ‘HDX’ as soon as tomorrow [Now launched]

Update: Now launched – full press release below Amazon plans to debut all-new versions of the Kindle Fire as soon as tomorrow, according to sources familiar with the products. The new Kindles are said to be redesigned both externally and internally with faster processors [Quad-core Snapdragon 800], improved graphics performance, and higher-resolution displays [323ppi for 7″, […]

July 10, 2013

T-Mobile announces Jump, an anytime upgrade club for $10 a month

Just as several rumors suggested, T-Mobile has announced a new anytime upgrade plan at its press event today. ‘Jump’ will allow for customers to upgrade their phone more often than once every two years for an extra $10 a month every month. The plan will allow customers to trade-in their existing devices for a new […]

January 25, 2013

AT&T snaps up 700 MHz B band spectrum from Verizon for $1.9B in cash

AT&T bought a chunk of 700 MHz B band spectrum from Verizon on Friday for $1.9 billion in cash to advance its 4G LTE deployment in the United States.

The acquisition notably consists of Advanced Wireless Services spectrum licenses in five markets, as well as 700 MHz licenses that blanket roughly 42 million people across the U.S. The full coverage area includes the following 18 states: California, Colorado, Florida, Idaho, Illinois, Louisiana, Montana, New Mexico, New York, Ohio, Oklahoma, South Dakota, Tennessee, Texas, Utah, Virginia, Washington, and Wyoming.

“This acquisition complements AT&T’s existing holdings in the 700 MHz B band and will allow AT&T to continue to deploy 4G LTE services to meet demand for mobile Internet services on a wide array of smartphones, tablets and other devices,” according to a U.S. Securities and Exchange Commission report.

AT&T announced last fall that it plans to expand its 4G LTE network to 300 million people in the U.S. by the end of 2014. The carrier also said it hopes today’s spectrum deal will close “in the second half of 2013,” but the transaction is still subject to regulatory approval.

October 22, 2012

ISIS Mobile Wallet officially launches on AT&T, Verizon, & T-Mobile in Austin and Salt Lake City

[youtube=] We noted last week that carrier-backed Google Wallet competitor Isis was nearing an official launch when we noticed the T-Mobile ISIS app on Google Play. Today, the app officially launches on all three of its major carrier partners in Salt Lake City, Utah and Austin, Texas. ISIS issued a press release on its website today […]

October 18, 2012

Google reports Q3 revenue of $14.1B, $2.18B net

It looks like Google’s Q3 earnings have been released early with The Wall Street Journal reporting Google posted revenue of $14.1 billion and a net of $2.18 billion. A summary of the company’s earnings report from a U.S. Securities and Exchange Commission filing is below. In the report, we see Motorola accounted for 18 percent of consolidated revenues. It brought […]

October 4, 2012

Google plans more Motorola jobs cuts, will payout $340M this quarter

While Motorola already announced in the summer that it is cutting around 20 percent of its workforce (roughly 4,000 jobs), a filing with the Securities and Exchange Commission today revealed the company plans to cut even more jobs. According to the filing, picked up by CNET, Google will increase severance-related costs 9 percent to $300 million, […]

August 13, 2012

Motorola cutting 4,000 jobs in hopes of becoming profitable again

As first reported by the New York Times, Google-owned Motorola is cutting 4,000 jobs, or roughly 20-percent of its workforce, in the hopes of becoming profitable again. The news was confirmed in a U.S. Securities and Exchange Commission filing released this morning just before the markets opened. Google/Motorola further noted in the filing that it would consolidate 30 of its 90 […]

June 8, 2012

Press shot for AT&T’s Motorola ‘Dinara’ leaks online (Photo)

Motorola announced its Dinara smartphone— officially known as the “xT928” – for China Telecom last November, but a supposed press leak of the AT&T variation just surfaced stateside. The Verge received a media shot of the rumored device today (above). As the report noted, the assumed Atrix 2 successor boasts a 720p display, Android 4.0 Ice Cream Sandwich, and 4G LTE. […]

May 22, 2012

Google actually purchased Motorola Mobility for $12.9 billion

O.K., this is not a huge deal, but I felt like it was still worth noting. According to the U.S. Security Exchange Commission filing that covered Google’s finalized acquisition of Motorola Mobility, it was revealed that Google actually bought the company for $12.9 billion, and not $12.5 billion as first estimated when the buyout was announced last August.

From the SEC filing:

On May 22, 2012, pursuant to the terms of the Agreement and Plan of Merger, dated as of August 15, 2011 (the “Merger Agreement”), by and among Google Inc. (the “Company”), RB98 Inc. (“Merger Sub”) and Motorola Mobility Holdings, Inc. (“Motorola Mobility”), the Company completed the acquisition of Motorola Mobility through the merger of Merger Sub with and into Motorola Mobility, with Motorola Mobility continuing as the surviving corporation (the “Merger”). As a result of the Merger, Motorola Mobility became a wholly owned subsidiary of the Company and each share of Motorola Mobility’s common stock, par value $0.01 per share, other than shares owned directly or indirectly by the Company or Merger Sub or held by Motorola Mobility as treasury stock immediately prior to the effective time of the Merger and shares held by stockholders that have properly exercised their appraisal rights in accordance with Delaware law, was canceled and converted into the right to receive $40.00 in cash, without interest and less any applicable tax withholdings. Based on the aggregate number, immediately prior to the effective time of the Merger, of the (A) shares of Motorola Mobility common stock, (B) options to purchase shares of Motorola Mobility common stock with exercise prices less than $40.00, and (C) other Motorola Mobility stock-based awards, the total purchase price was approximately $12.9 billion, assuming all unvested equity awards vest. The increase in the estimated total purchase price (from the original estimate of approximately $12.5 billion) was related primarily to issuances of additional equity awards since the date of execution of the Merger Agreement in accordance with its terms. The foregoing description does not purport to be complete and is subject to, and qualified in its entirety by, the full text of the Merger Agreement filed herewith as Exhibit 2.1, which is incorporated herein by reference.

Check out the full break-down of the acquisition from earlier this afternoon>>

via Matt Rosoff

Google goes hardware: ‘We’ve acquired Motorola Mobility’

Google’s CEO Larry Page made headlines again this morning: He just officially announced Google’s acquisition of Motorola Mobility, while confirming the joined companies will soon create the next generation of mobile devices. The chief executive took to the official Google Blog to reveal the news: It’s why I’m excited to announce today that our Motorola […]

May 21, 2012

Google-Motorola deal transaction will close by May 23

Google made headway on its $12.5 billion Motorola Mobility acquisition late last week when China finally gave the pending merger an O.K., and today the soon-acquired company filed an 8-K form with the U.S. Securities and Exchange Commission that specified the deal’s transaction will close either May 22 or May 23.

According to TechCrunch

So what happens next? A ‘listening tour,’ a source tells us, with new management visiting the whole of the operation, ‘seeing what everyone does, then making decisions.’ One decision that may be close at hand has to do with headcount: we have heard that there will be layoffs coming imminently — with one person close to the situation even putting the number as high as 30 percent of Motorola’s staff, worldwide. At the same time, more details are emerging about the conditions that China put on the deal: they include a guarantee that Android would remain free and open source for the next five years.

April 26, 2012

Kindle Fire now over half of Android tablet market, as Amazon reports blowout earnings

It is apparent over the last few months that Amazon’s $199 Kindle Fire has been making rapid gains in Android tablet market. However, we did not think it was an all out domination. According to research firm ComScore, the Kindle Fire now makes up 54.4 percent of the total Android Market (as of the end of the month) after […]

April 22, 2012

Motorola CEO Sanjay Jha earned $47M in 2011

According to a regulatory filing with the U.S. Securities and Exchange Commission, Motorola Mobility’s Chief Executive Officer Sanjay Jha earned a whopping $47 million salary in 2011—quadrupling his pay during 2010. So, what is with the $34 million increase? Motorola said on Friday that Jha’s work to split Motorola into two companies, Motorola Solutions and Motorola Mobility, warranted […]

March 12, 2012

AT&T’s LTE network rolling out to 12 new areas starting next month

[youtube=] AT&T made things official this morning for 12 new locations getting access to its LTE network starting in April. The press release does not give specifics for each location, but it said Cleveland would get access “soon” with the rollout for the other cities starting next month and stretching into the summer. Check out […]

January 27, 2012

Google’s 2011 acquisition tally: $2B for 79 companies, head count up 33 percent

As 9to5Google reported last October, the search Goliath appears to be on a spending spree since 2011. Having reported holiday quarter earnings, the company filed its 10-K with the U.S. Securities and Exchange Commission yesterday. The document, available online at the agency’s website, specifies that Google spent $1.9 billion dollars acquiring 79 companies throughout last year. The sum includes […]

October 31, 2011

Motorola sheds 800 jobs as it prepares to complete its acquisition by Google

The new Motorola Droid Razr smartphone Motorola Mobility, the handset maker in the process of becoming an integral part of Google in the stunning $12.5 billion takeover bid, will shed eight hundred jobs. The restructuring conveniently takes place ahead of the Google acquisition, reports Bloomberg. The move was approved October 24, as revealed in the […]

October 27, 2011

Google spent $1.4+ billion acquiring 57 companies through September

Employees chilling out at Google’s Mountain View headquarters in California. Google’s spending on acquisitions has gone up this year, a 10-Q filing with that Securities and Exchange Commission revels. Last year, the Mountain View, California-headquartered search Goliath acquired 48 companies. This year, however, Google already through September snapped up 57 startup in a move to […]

August 25, 2014

Move over Google! Amazon reportedly close to acquiring Twitch (update)

Almost a month ago, it seemed like Google’s reported $1 billion acquisition of the video game streaming website  Twitch was a done deal. However, according to The Information, Amazon is in “late-stage” negotiations to purchase the company instead. The financial terms of this rumored deal have not been disclosed, so it’s unknown what would cause talks between Mountain View and […]

February 2, 2016

ZAGG to acquire Mophie, takeover battery, screen protection, & keyboard accessories market

Popular accessory maker Zagg today announced that it has acquired Mophie, another accessory maker best known for its battery cases and power accessories. The deal will see Zagg purchase Mophie for $100 million. Mophie CEO Daniel Huang and COO Shawn Dougherty will continue their current respective roles and will report to Zagg CEO Randy Hales.

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