Skip to main content

Posts

Showing posts with the label acquisition

Garmin in talks to buy Navigon?

It's hard out there for a company making endangered gadgets. According to  Reuters , flailing satnav maker Navigon could be acquired by none other than Garmin, which has struggled itself to maintain strong handheld navigator sales in the face of stiff competition from smartphones. The deal could be worth somewhere in the "mid-double-digit million" Euro range -- a none-too-helpful estimate, but enough for us to understand that the personal navigator market is in such a state that Garmin could scoop up its rival for a pretty modest sum. Garmin, for its part, has been doing well, considering -- it's the top navigator brand in the US (a market Navigon has long since exited), and its profit nearly tripled in the most recent quarter. That's largely thanks to those bestselling navigators, but also because the company's been wise enough to reinvent itself as a purveyor of running watches and expand its boating and aviation businesses. In any case, if the Navigon b...

Lenovo buying Medion for up to $907 million, expects to double its German PC market share

It looks like you can expect to see a lot more of  Lenovo  in Deutschland. The company is buying German consumer electronics maker  Medion  -- a deal worth up to €629.4 million ($907 million), according to The Wall Street Journal . That makes it the company's biggest acquisition since it bought IBM's PC business back in 2004. Lenovo's end game: to boost its market share in Germany, which happens to be Europe's largest PC market. All told, it hopes to own 14 percent of the PC category there -- roughly double what it commands now -- and expects its share of the Western European computer market to hit 7.5 percent. Lenovo's announcement comes at a time when it seems to have some strong upward momentum -- just last week, the company reported that its fourth-quarter profit more than tripled year over year (much to Wall Street's surprise) and that it generated $21 billion in revenue thanks to growth in every product line and every region where it does business. Wall ...

TweetDeck and Twitter, together at last

We've been hearing rumors for a while that Twitter was looking to make TweetDeck a member of its flock, and now, the blue bird crew has made it official.  All Things D  reports that the deal was done for between $40 to 50 million, and that TweetDeck CEO Iain Dodsworth will stay on to run the platform. In its official announcement, Twitter said it will continue to "invest in the TweetDeck that users know and love" -- time will tell if the new boss birdie is a boon or bane for the popular tweet tracking app. Twitter

Reuters: a failed takeover of T-Mobile would cost AT&T as much as $6 billion

AT&T's proposed acquisition of T-Mobile was  a big deal  as soon as it was announced, but now  Reuters has unearthed some more context to lend it even more cruciality. We already knew that in the event of AT&T&T-Mobile failing to garner regulatory approval, AT&T would owe Deutsche Telekom, the current owner of T-Mo USA, $3 billion in cash, some spare AWS spectrum, and a roaming agreement "on terms favorable to both parties."  Reuters'  sleuths say that the spectrum in question is worth $2 billion and the roaming deal a further $1 billion, bringing the total breakup payout to a hair-raising $6 billion. Given the wording of the two companies' deal, we don't expect the roaming part of that settlement would be free for T-Mobile (so $6b looks to be a bit of an over-estimation), but the fact remains that AT&T is staking a whole lot of moolah on this takeover going through. Whether it does or not, Deutsche Telekom's René Obermann (above l...

Microsoft close to buying Skype for more than $7 billion? (Update: announcement tomorrow)

Following rumors of Facebook and Google eyeing a deal to acquire Skype, we now have a new contender who is none other than the beast from Redmond, Microsoft. According to the  Wall Street Journal's sources, Team Ballmer and the VoIP company are finalizing a negotiation that's worth more than a whopping $7 billion, and they could be making an announcement as soon as Tuesday. Given that this figure will be a new record for Microsoft in recent years, it's clear that Ballmer's very keen on securing this popular voice calling service for his own amusement -- perhaps Windows Phone will eventuallycome with integrated Skype features? Or maybe he just wants to slot in some ads between our calls? Only time will tell, and for the sake of Redmond, hopefully nothing turns sour between now and tomorrow. Update:   All Things D's  Kara Swisher has confirmed that the two companies will be announcing their deal early tomorrow morning. Stay tuned! ...

Nearly half a million customers left T-Mobile in Q1 2011

Not even promises of a new Sidekick can keep T-Mobile from hemorrhaging customers, it seems, as the company reported significant losses in its Q1 statement for 2011. According to official Q1 financials, 471,000 contract customers either failed to re-up, or outright canceled their contracts. Stacked against a shortcoming growth of just 372,000 prepaid customers (including MVNO customers for sub-carriers), T-Mobile suffered a net loss of 99,000 users, a 29-percent increase in losses over the same period for the previous year. Ouch. The firm chalked its loss to increased "competitive pressures," which lends credence to AT&T's insistence that Sprint and Verizon are such fierce opponents that it  has  to acquire T-Mobile for the magenta-tinted carrier to stay in the game. You can judge the profits and pitfalls for yourself -- just hit the source link for the full financials. CNET BusinessWire

US DoJ approves Google's acquisition of ITA, but not without stipulations

The United States government may be dissolved tomorrow, but it's certainly taking care of one final piece of business before going into shutdown: this . If you'll recall, Google announced its intentions to acquire ITA for $700 million in July of last year, and as we cruise into the start of America's summer travel season, all signals are go. Today, the US Department of Justice approved Google's request to move forward with the buy, but rather than having the entire travel search market under its wing, El Goog's going to have to make a smattering of concessions in order to get the right signatures. For starters, the search monolith will allow ITA's existing client contracts to extend into 2016, and it'll let both current and new customers license ITA's QPX software on "fair, reasonable and non-discriminatory terms." No one's saying when the integration will be complete (or start, for that matter), but we're desperately anxio...

Dish Network wins Blockbuster auction for $228 million in cash

The question of what's next for Blockbuster has been partially answered, now that Dish Network has announced its $320 million bid was enough to win a bankruptcy court auction for the rental giant's remaining assets. After "certain adjustments" are made and the deal closes, it's expected to cost just $228 million in cash but what exactly Dish plans to do with the 1,700 stores and innumerable copies of Little Fockers is unclear. Executive VP Tom Cullen stated in the press release (after the break) Dish looks forward to reestablishing "Blockbuster's brand as a leader in video entertainment," but in a world where Netflix, Redbox and iTunes exist that could be easier said than done. DISH Network Agrees to Acquire Blockbuster Assets ENGLEWOOD, Colo., April 6, 2011 /PRNewswire/ -- DISH Network Corporation (NASDAQ: DISH) announced that it was selected as the winning bidder in the bankruptcy court auction for substantially all of the assets o...