Google has agreed to pay Motorola Mobility $2.5 billion if its planned acquisition of the cell phone vendor fails to close, Bloomberg claims. The report cites an anonymous source as having revealed the figure, which Bloomberg says is more than six times the typical breakup fee for such deals. Google announced on Monday that it plans …
By now, you’ve no doubt seen the news: Google intends to acquire Motorola Mobility for $12.5 billion. What this will do is not only give Google access to Motorola’s vast patent library consisting of nearly 25,000 patents, but it will also give Google an end-to-end hardware and software strategy with smartphones, tablets and even with …
While HP holds a $100-off sale of its own from Friday through Sunday, the product peddlers over at Woot managed to procure an unknown number of webOS tablets on Friday, and it’s offering them at a big discount. Woot is currently selling the 16GB HP TouchPad tablet — new, not refurbished — for $379.99. Tack …
Later this month, Sprint will formally announce its plans to bring 4G LTE service to its subscribers via a network-sharing deal with Virginia-based LightSquared, CNET reports. The move, seen as inevitable by some, was outed last month when LightSquared owner Philip Falcone revealed the deal in a letter to Harbinger Capital Partners investors. “Sprint will …
Microsoft has struck a deal to provide English search results in Baidu, China’s most popular search engine. According to The Wall Street Journal, Microsoft anticipates that the Bing-labeled English search results will help expand its Bing brand in China. Baidu also hopes that the partnership will help its efforts to expand its search engine to …
Sprint’s CEO Dan Hesse has been a staunch opponent to AT&T’s planned $39 billion acquisition of T-Mobile. He has already proclaimed that the merger would “stifle innovation” in the U.S. wireless market, and now he’s stepping up his game. “Clearly, purely, we want to win and block the merger,” Hesse told Bloomberg in a recent …
Sprint has reached a deal to deploy a 4G LTE network with LightSquared, Bloomberg reports. The deal could be worth as much as $20 billion over the next 15 years according to the report. “LightSquared and Sprint will jointly develop, deploy and operate LightSquared’s 4G LTE network,” LightSquared owner Philip Falcone wrote in a letter to …
In a letter to the U.S. Department of Justice and Federal Communications Commission, Microsoft and other companies expressed their support for AT&T’s proposed $39 billion acquisition of T-Mobile USA. “Many policy-related efforts will not be able to quickly address near-term capacity needs,” the letter stated. “The FCC must seriously weigh the benefits of this merger …
Sprint’s already been very vocal about its opposition to AT&T’s planned purchase of T-Mobile from Deutsche Telekom, but on Tuesday the carrier officially asked the Federal Communications Commission to step in and block the purchase. In its 377-page filing, Sprint argued that the acquisition would make AT&T the nation’s largest carrier with a total of …
One of our Apple sources has informed us that they’ve been hearing Apple’s yearly back-to-school special will be announced at WWDC next month. We have been told Apple will continue to offer educational discounts on computers and either a free iPod touch, or $229 towards the purchase of any other iPod. Our source also let …
