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Merger

Inspired by Siri’s success, Nuance acquires Vlingo

December 20th, 2011

Nuance announced on Tuesday that it plans to acquire Vlingo, a voice-to-text and voice recognition technology firm that was once the subject of a Nuance lawsuit. Nuance senior manager Mike Thompson said the decision was made after his company realized there’s a $5 billion market opportunity as demand increases for voice engine products such as …

Apple acquires Israeli flash memory firm Anobit for $500 million

December 20th, 2011

Apple has reportedly completed its acquisition of Israel-based flash memory firm Anobit in a deal worth up to $500 million. Hebrew-language financial newspaper Calcalist on Tuesday claimed that a deal had been reached after reporting earlier this month that Apple was in late-stage talks to buy the fabless chip maker. Apple has not confirmed the …

AT&T cancels plans to acquire T-Mobile USA

December 19th, 2011

AT&T on Monday announced that it has ended its bid to acquire T-Mobile USA from Deutsche Telecom. “The actions by the Federal Communications Commission and the Department of Justice to block this transaction do not change the realities of the U.S. wireless industry,” AT&T said in a press release. “It is one of the most …

Nokia again rumored to sell smartphone business to Microsoft

December 14th, 2011

Rumors again surfaced on Wednesday suggesting that Nokia plans to sell its smartphone business to Microsoft. Danske Bank, Denmark’s largest bank, issued a report to clients Wednesday morning that said Nokia will sell its smartphone division to Microsoft during the first half of 2012. Danske raised its rating on Nokia stock to Buy from Hold, and shares …

Sprint and C Spire postpone AT&T merger lawsuits

December 13th, 2011

Sprint and C Spire Wireless have decided to postpone lawsuits levied against AT&T. The two carriers had originally filed the suits in hopes of blocking AT&T’s planned  $39 billion acquisition of T-Mobile USA from Deutsche Telekom. AT&T recently pulled its merger application from the FCC however, and was granted a stay until January 18th for its lawsuit against the …

Judge approves AT&T/DOJ request for antitrust suit delay

December 13th, 2011

Judge Ellen Huvelle approved a joint request by AT&T and the Department of Justice to delay a lawsuit regarding AT&T’s planned purchase of T-Mobile USA. AT&T requested a stay in the suit on Monday and said it was working with Deutsche Telekom to prepare the best defense possible. “We are actively considering whether and how …

AT&T CEO says blocking T-Mobile merger will increase wireless prices

December 9th, 2011

AT&T chief executive officer Randall Stephenson recently said in a Captains of Industry interview with Bloomberg that blocking his company’s proposed $39 billion acquisition of T-Mobile USA will increase wireless prices for consumers. Stephenson explained that AT&T needs T-Mobile in order to expand its already strained network capacity, and that Congress doesn’t understand wireless policy. “Regulators can’t keep …

MetroPCS CFO says AT&T’s planned T-Mobile buy is likely to fail

December 6th, 2011

MetroPCS chief financial officer J. Braxton Carter recently said AT&T’s planned $39 billion acquisition of T-Mobile USA is likely to fail. Carter’s comments were made during a UBS investor conference in New York City on Tuesday, during which he said the proposed merger is “almost kind of moot at this point given the intense opposition …

Facebook acquires Gowalla, service to begin ‘winding down’ in January

December 5th, 2011

Gowalla on Monday confirmed it was recently acquired by Facebook. “About two months ago, my co-founder Scott and I attended F8,” Gowalla co-founder and CEO Josh Williams wrote on the company blog Monday. “We were blown away by Facebook’s new developments. A few weeks later Facebook called, and it became clear that the way for our …

AT&T issues scathing response to FCC report [updated]

December 1st, 2011

AT&T has issued a scathing letter in response to the FCC’s decision to release a staff report on its findings surrounding AT&T’s planned $39 billion acquisition of T-Mobile USA. “We expected that the AT&T-T-Mobile transaction would receive careful, considered, and fair analysis,” Jim Cicconi, AT&T Senior Executive Vice President of External & Legislative Affairs, said. “Unfortunately, the …