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acquisition

Zynga buys ‘Draw Something’ creator OMGPOP

March 21st, 2012

Zynga on Wednesday announced that it has acquired app developer OMGPOP for $180 million, plus another $30 million in employee-retention payments, AllThingsD reported. The company confirmed the acquisition during a conference call on Wednesday afternoon, however it did not disclose the terms of the deal. Even though the OMGPOP’s app is only six weeks old, …

Beats Audio to acquire MOG streaming music service

March 20th, 2012

Beats Audio, the company behind the popular Beats by Dr. Dre line of over-ear and in-hear headphones, is reportedly planning to acquire subscription music service MOG. The deal was first reported by Business Insider and then reaffirmed by AllThingsD on Tuesday. Founded in 2005, MOG is a service similar to Spotify, Rhapsody and Microsoft’s Zune. …

Motorola: No big short-term changes following Google merger

March 2nd, 2012

Motorola Mobility does not expect any large changes following Google’s acquisition of the company. Alain Mutricy, Motorola’s senior vice president of portfolio and product management, said interview with Fierce Wireless that the vendor will not alter its plans once it comes under the Google “umbrella.” Until the deal closes, which may be soon, Motorola and …

Apple’s ‘Genius’ recommendations may soon be less awful

February 24th, 2012

Apple is a company that somehow manages to churn out an above-average amount of beautiful products, fantastic software and class-leading services. When it misses, however, it misses big. MobileMe is one example. Ping is a better one. A third example is Apple’s Genius recommendation engine, which seeks to present App Store users with a list of applications …

Sony completes Sony Ericsson buyout

February 16th, 2012

Sony on Thursday announced the transaction to acquire Ericsson’s 50% stake in Sony Ericsson has been completed. Sony and Ericsson announced the deal last October, which was worth €1.05 billion in cash and made Sony Ericsson a wholly-owned subsidiary of Sony. The company will be renamed to Sony Mobile Communications and will “further integrate the …

Google’s Motorola acquisition approved by Justice Department

February 13th, 2012

The United States Department of Justice has approved Google’s proposed $12.5 billion acquisition of Motorola Mobility, Reuters’s Poornima Gupta reports. The deal gained regulatory approval from the European Commission earlier on Monday, and a U.S. approval was expected to follow today or later this week. Google revealed its intention to purchase Motorola Mobility late last …

European Commission approves Google’s Motorola acquisition

February 13th, 2012

Google on Monday announced that its proposed acquisition of Motorola Mobility has been approved by regulators in Europe. “We’re happy that today the European Commission approved our proposed acquisition of Motorola Mobility, which we announced in August,” Google Vice President & Deputy General Counsel Don Harrison wrote in a post on a company blog. “This is an …

Google’s Motorola buy set to gain approval next week

February 9th, 2012

Google’s bid to acquire Motorola Mobility for $12.5 billion is set to gain regulatory approval as soon as next week, multiple reports claim. Google announced last summer that it intended to purchase the struggling smartphone and set-top box maker for $40 per share, and CEO Larry Page explained that Motorola’s patent portfolio was a key …

Nikesh Arora rumored to become Motorola CEO after acquisition

January 31st, 2012

Nikesh Arora, Google’s SVP and Chief Business Officer, will run Motorola once the Google acquisition closes later this year, according to rumor published by Business Insider. Arora ran the company’s international business for Eric Schmidt, taking over the global business after the former CEO stepped down. Arora has reportedly been “agitating” for a CEO position and …