acquisition

Facebook’s Face.com buy confirmed

Facebook’s Face.com buy confirmed

Facebook is definitely buying Face.com, according to multiple sources familiar with the matter. Rumors of the deal quickly spread following Facebook's IPO and it's believed that the two companies have been in talks for quite some time. Sources expect the deal to be around $100 million and that lawyers are currently hammering out the details.

Continue Reading...

Seagate buys LaCie for $186 million

Seagate buys LaCie for $186 million

Seagate has announced that it is buying a majority stake in rival hard drive maker LaCie for $186 million. The Paris-based LaCie is a long-time maker of premium consumer hard drives for Macs and the first ones to feature Apple's Thunderbolt technology. Seagate believes that the acquisition will complement its mainstream hard drive lines and help it expand into new consumer markets, particularly in Europe and Japan.

Continue Reading...

Google-Motorola deal closing this week, layoffs imminent

Google-Motorola deal closing this week, layoffs imminent

Google's $12.5 billion deal to acquire Motorola Mobility is ready to close this week. The deal just passed through its last hurdle over the weekend, getting China's regulatory approval and an 8-K form was filed by Motorola today, noting that the deal would close within the next two days. And although neither company has mentioned restructuring plans, there's still concerns about potential layoffs.

Continue Reading...

Zynga Wild Needle acquisition estimated at $3.8 million

Zynga Wild Needle acquisition estimated at $3.8 million

Social gaming giant Zynga has just added another notch to its belt. This one was created with a very specific niche in mind - targeting women gamers on mobile platforms. The company in question is Wild Needle, which was created by the co-founder of successful game company Playdom Rick Thompson. Playdom was acquired in 2010 by Disney, AKA pretty much the best kind of acquisition there can be.

Continue Reading...

T-Mobile MetroPCS merger tipped

T-Mobile MetroPCS merger tipped

After the hassle that T-Mobile went through during the bungled AT&T acquisition proposition, one might think the company is sour on the idea of mergers right now. But then again, it ended up getting billions of dollars in a concession deal with AT&T and it didn't even have to give up anything, so it's not all bad. Nevertheless, T-Mobile's subscription numbers are way down and now it's looking for something to give itself a huge jolt to get back in the game.

Continue Reading...

Samsung buys mSpot cloud music service

Samsung buys mSpot cloud music service

Samsung may have spoiled any big CTIA reveals with the launch of the Galaxy S III last week, but that doesn't mean it can't make some corporate waves. The Korean manufacturer has announced that it's purchased mSpot, a cloud music and movie service focused on mobile apps. While Samsung didn't announce its intentions beyond tablet and smartphone integration, its desire for both media sales and cloud infrastructure services across its many device categories is well known.

Continue Reading...

Zynga paid too much for OMGPOP says EA CEO

Zynga paid too much for OMGPOP says EA CEO

Sometimes in life we all make impulse buys that we regret. But not often does it involve a $180 million purchase. As such, Zynga doesn't have a lot of company to console itself if it ever has buyer's remorse when it comes to OMGPOP, the one-trick pony that developed the incredibly popular mobile game Draw Something. The only problem is that Draw Something is starting to fizzle out just a matter of weeks after the acquisition happened.

Continue Reading...

Google sells SketchUp 3D to Trimble Navigation

Google sells SketchUp 3D to Trimble Navigation

Google sold its SketchUp 3D modelling platform to Trimble Navigation today for an undisclosed price. SketchUp is a popular application for creating quick 3D models through its intuitive interface for both beginners and professionals. It was purchased by Google back in 2006 and is available in a free version as well as a more advanced paid version. It is also used for 3D models within Google Earth.

Continue Reading...

Verizon to sell 700MHz spectrum to gain AWS cable spectrum

Verizon to sell 700MHz spectrum to gain AWS cable spectrum

Verizon Wireless announced today that it will be selling all of its block A and B 700MHz spectrum to get approval for its purchase of AWS spectrum from a group of cable companies to expand its 4G LTE network. The move comes as the FCC and the Department of Justice are mulling over the transaction, which has faced opposition from smaller carriers, including T-Mobile and MetroPCS.

Continue Reading...