Mobile business messaging app Talko has been aquired by Microsoft and folded into Skype, Talko announced on Dec. 21. The purchase will give Talk a chance to create “great impact” on a wider scale than would have otherwise been possible through continuing their path toward “a (passionate) niche,” the Talko team said in a press […]
Industry News
Shaw To Acquire Canada’s WIND Mobile
Canadian wireless provider WIND Mobile announced Wednesday that it has entered into a $1.6 billion deal with Shaw Communications in which the latter will acquire 100 percent interest in WIND and its parent company, Mid-Bowline Group. Through the new transition, WIND will retain its CEO Alek Krstajic and his team. The transaction is expected to […]
FirstNews Briefs: BUFFERZONE, NQ Mobile, Airbiquity, China Unicom
BUFFERZONE, a provider of endpoint security solutions, has announced support for Windows 10. BUFFERZONE’s technology has been tested and certified compatible and operates seamlessly with Windows 10 to protect browsers, email attachments and removable media. Early access to BUFFERZONE on Windows 10 is now available, with general availability starting in late December. NQ Mobile Inc., a […]
Yahoo Drops Alibaba Spinoff to Pursue Alternative Split
SAN FRANCISCO (AP) — Yahoo is scrapping its original plan to spin off its prized stake in China’s Alibaba Group and will instead explore an alternative breakup that could make it easier to eventually sell its Internet business. Investors reacted positively to the about-face announced Wednesday as Yahoo’s slumping stock edged higher. The change of […]
IBM Acquires Clearleap in Latest Strategic Buy
IBM announced Tuesday it has acquired cloud-based video service company Clearleap, Inc. in the latest of what has been a string of strategic purchases. According to IBM, the acquisition will allow the company to use Clearleap’s open API framework and scalable video platform to keep up with consumer demand for video management services. IBM said […]
AOL Lays Off 100 as Acquisition Transition Continues
Nearly half a year after its acquisition by Verizon, AOL is still making adjustments – this time with the layoff of 100 employees, TechCrunch reported Tuesday. According to the report, the latest cuts come mainly from AOL’s Membership division, but also include some positions in marketing, advertising and social media. AOL senior vice president of […]
Nokia Completes Sale of HERE Mapping Unit
Nokia expects the sale of its HERE mapping division to close tomorrow. According to a press release, Nokia said that with all regulatory approvals in hand, it now expects to complete the sale of HERE to a consortium of automotive companies, comprising AUDI AG, BMW Group and Daimler AG, ahead of schedule on December 4, […]
Nokia Shareholders Give Green Light to Alcatel Acquisition
HELSINKI (AP) — Nokia shareholders have overwhelmingly approved the acquisition of ailing French telecom Alcatel-Lucent, removing one of the last hurdles to the 15.6 billion euro deal that will make the Finnish company a market leader in networks. The authorization for the Nokia board to finalize the takeover came at an extraordinary general meeting Tuesday following […]
Shareholder Approval Expected Today for Nokia, Alcatel-Lucent Deal
Approval for the $16.6 billion merger of Nokia and Alcatel-Lucent is widely expected from Nokia’s shareholders Wednesday, who are convening at an extraordinary general meeting in Helsinki today, The Economic Times reported. Shareholder approval will be one of the last signoffs for the deal, which has already cleared regulatory hurdles across the globe. The United […]
Comtech Stocks Plunge on News of TeleCommunication Systems Merger
Comtech Telecommunications Corp and TeleCommunications Systems Inc. (TCS) on Monday announced the signing of a $430.8 million agreement that will see the two companies merge. According to the terms of the deal, Comtech will purchase TCS in a cash transaction for $5 per share at a total cost of $430.8 million. Comtech said the merger […]
