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investment

Sprint seeks an additional $2 billion from investors

February 27th, 2012

Sprint on Monday announced that the carrier is issuing another round of notes due in 2017 and 2020 in an attempt to generate approximately $2 billion in capital. The investment would allow Sprint to fund general operations, build out its LTE network and possibly help fund the Clearwire as it continues to struggle. “The company intends …

Motorola Mobility invests in social networking startup Shaker

January 18th, 2012

Motorola Mobility announced on Wednesday that its Motorola Mobility Ventures arm has invested in a social networking startup called Shaker. The firm, based in Israel, says its social network is “similar to interacting in the physical world,” and that it “creates a natural setting using your Facebook profile and allows people to meet around mutual …

Deloitte: U.S. may invest $53 billion in 4G networks over next five years

August 23rd, 2011

Wireless telcos in the United States are poised to invest as much as $53 billion in 4G wireless network technology and buildouts over the next five years, resulting in as much as $151 billion in gross domestic product growth. A new report from accounting and consulting firm Deloitte suggests that that 4G expansion by U.S. …

Primecap doubles RIM stake in vote of confidence

August 8th, 2011

Pasedena, California-based investment management firm Primecap Management Co. recently doubled its investment in BlackBerry vendor Research In Motion. According to a recent regulatory filing, Primecap now owns 26.4 million shares of RIM stock valued at about $577 million as of Monday’s close, and the stake represents approximately 5% of RIM’s total outstanding shares. According to …

Microsoft makes secret investment in social navigation company Waze

July 12th, 2011

Microsoft secretly participated in a recent $25 million funding round for Israel-based navigation solutions provider Waze, Israeli tech site TheMarker reported last week. Microsoft makes very few investments each year according to TheMarker’s source, but the tech giant apparently took quite an interest in Waze’s unique brand of navigation apps. “Waze is a social mobile …

Visa invests in Square iPhone credit card reader

April 27th, 2011

Visa has made an undisclosed investment in payments startup Square in exchange for a seat on the firm’s board of, Reuters reports. Square is a portable credit card reader that was created by Twitter co-founder Jack Dorsey. It allows iPhone, iPod touch, or iPad owners to charge for goods and services on-the-go, but came under …

Reuters: LG, others show interest in MeeGo as Nokia bows out

April 16th, 2011

No one likes letting a perfectly good operating system go to waste. Reuters is reporting that just as Nokia begins to divest in the MeeGo operating system, other companies are starting to dig in. The publication writes that electronics giant LG has joined the likes of ZTE and China Mobile in a “working group” that aims to develop …

Angry Birds developer Rovio sets sights on New York IPO

March 18th, 2011

It may soon be possible for you to own your own slice of the Angry Birds empire. Days after announcing $42 million in Series A funding, Rovio’s board chairman has expressed interest in seeking an initial public offering in the United States, according to statements made to Finnish business magazine Talouselama. “The plan is to …

Angry Birds wields shillelaghs for St. Patrick’s Day as Rovio secures $42M in funding

March 10th, 2011

It looks like everyone’s favorite themed, fowl-flinging game — Angry Birds Seasons — has been updated to celebrate the March 17th holiday, St. Patrick’s Day. The game has been updated with fifteen new levels, and although the fledglings aren’t actually packing pig-slaying shillelaghs (don’t worry, they are in our heads), the game is littered with shamrocks, leprechaun hats, and …