NEW YORK (AP) — Microsemi, a maker of semiconductors, boosted its buyout offer for chipmaker PMC-Sierra again, two days after PMC-Sierra said it preferred a deal with rival Skyworks. Microsemi Corp. said Wednesday that it is now offering a mix of cash and stock valued at about $12.05 for each share of PMC-Sierra, up from the […]
Industry News
nTelos Shareholders Approve Merger Agreement
WAYNESBORO, Va. (AP) — Shareholders of nTelos Holdings Corp. have approved Shenandoah Telecommunications’ $640 million acquisition of the regional cell phone company. Waynesboro, Virginia-based nTelos says in a news release that the merger won shareholder approval last week at its annual stockholders meeting. nTelos shareholders will receive $9.25 per share in cash when the deal […]
South Africa’s Telekom Confirms Talks to Buy Cell C
South African fixed-line telecommunication provider Telekom confirmed on Monday recent rumors that it is in talks to buy Cell C, the country’s third-largest mobile operator. In a statement on its website, Telekom advised its shareholders that the company is in the midst of “discussions regarding a potential transaction to acquire all of the shares of […]
Ericsson, Cisco Form Network Partnership Expected to Generate $1B in Revenue By 2018
Network specialists Ericsson and Cisco on Monday announced plans to co-develop “the networks of the future” in a partnership that is expected to rake in an extra $1 billion in revenue for each company by 2018. According to a joint press release, the multi-faceted agreement will include collaboration on “routing, data center, networking, cloud, mobility, […]
Lam Research Bids $10.6B for KLA-Tencor, Creating Chip Giant
NEW YORK (AP) — Lam Research Corp. is buying KLA-Tencor Corp. for about $10.6 billion, creating a huge player in the semiconductor sector that will rival Applied Materials Inc. The combined company, to be called Lam Research Corp., will have a market capitalization of around $19 billion, about equal to that of Applied Materials, and says it […]
Western Digital Buying SanDisk in Deal Worth About $19B
IRVINE, Calif. (AP) — Western Digital is buying SanDisk in a cash-and-stock deal worth about $19 billion. The buyout values SanDisk’s stock at about $86.50 per share, a 15 percent premium to Tuesday’s closing price. If a previously announced investment in Western Digital from Unisplendour closes prior to the acquisition, Western Digital will pay $85.10 per share in cash and […]
Nokia to Dominate Leadership After Merger with Alcatel Lucent
Ten out of the thirteen executives on the combined Nokia-Alcatel-Lucent leadership team following the pending merger of the companies will be existing Nokia executives, the company announced Wednesday. The new combined company will have six more unit leaders than Nokia alone, the company said, but the vast majority will be familiar faces. Current Nokia leaders […]
T-Mobile, CCA Attempt to Halt AT&T’s Acquisition of 700 MHz Spectrum in California
T-Mobile and the Competitive Carriers Association (CCA) have joined forces in an effort to block AT&T’s proposed acquisition of two Lower 700MHz B Block spectrum licenses in California, AT&T federal regulatory vice president Joan Marsh said in a Tuesday blog post. According to Marsh, T-Mobile and CCA have “no real argument” against the merits of […]
New Nokia, China Huaxin JV Agreement Hints at Forthcoming Alcatel-Lucent Merger Approval
Nokia has agreed to a joint venture with Chinese investment company China Huaxin with the ultimate goal of combining Nokia China with Alcatel-Lucent Shanghai Bell, Reuters reported Friday. According to a press release from Nokia, the new agreement is “conditional on and would be formed after the closing of Nokia’s planned combination with Alcatel-Lucent, at […]
Xiaomi, Foxconn begin handset assembly in India
Xiaomi Inc. and Foxconn have teamed up to begin assembling handsets in a factory in the southeastern Indian state of Andhra Pradesh, Reuters reported Monday. Beginning Monday the Foxconn-run facility will produce Xiaomi’s Redmi2 Prime, which will be sold in the country for 6,999 rupees ($109.58), Xiaomi executives said. The phone, a country-specific upgrade of […]
