Sterne Agee: RIM still a solid acquisition target, but only at a discount

By on January 18, 2012 at 12:00 PM.

Sterne Agee: RIM still a solid acquisition target, but only at a discount

Struggling smartphone vendor Research In Motion is still a solid takeover target according to a new report, but only at a deep discount below RIM’s already low market value. RIM has lost 75% of its value over the past year but Sterne Agee analyst Shaw Wu says RIM’s true value lies below its current market capitalization, which sits at approximately $8.7 billion. Logical buyers according to Wu include Samsung — though the company has gone on record instating it is not interested in acquiring RIM — as well as Amazon, Microsoft and maybe even Facebook. Read on for more. More →

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AT&T to pay T-Mobile $6 billion if feds reject acquisition

By on May 12, 2011 at 3:47 PM.

AT&T to pay T-Mobile $6 billion if feds reject acquisition

AT&T will pay T-Mobile $3 billion in cash, a $1 billion roaming agreement, and $2 billion in spectrum if the Federal Communications Commission and the Department of Justice reject AT&T’s proposed $39 billion acquisition of T-Mobile. The agreement’s 15% breakup fee would shatter global records, Reuters said, noting that the 7.7% breakup cash agreement is already high. On Wednesday, AT&T’s CEO Randall Stephenson met with the Senate Judiciary Committee to discuss the acquisition. AT&T’s CEO Randall Stephenson has argued that there’s already plenty of competition in the U.S. wireless market and that the deal will actually create jobs. Similarly, the Communications Workers of America backs the deal and believes it will be a “victory for broadband proponents. AT&T’s competition isn’t so sure. Sprint’s CEO, Dan Hesse said the deal would “stifle innovation” and the carrier believes it would create a “vertically integrated duopoly.” Verizon has kept to itself, but did note that, if confirmed, the deal could be “an excuse for the government to insert itself into the marketplace.” More →

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HP beat out four companies in bid for Palm

By on May 17, 2010 at 5:17 AM.

HP beat out four companies in bid for Palm

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When the news officially broke that HP had put in a winning bid for Palm, it all seemed so simple. HP, a company that has long had its smartphone ambitions beset by poor hardware and execution, seemed to simply be the only company that was really intent on purchasing the troubled company based in Sunnyvale. But according to a recent SEC filing from Palm, what really took place in weeks leading up to HP’s successful bid was a five company bidding war. Click through to get all the facts straight from the horse’s mouth. More →

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