Subject: General Tech | March 27, 2018 - 01:18 PM | Jeremy Hellstrom
Tagged: wemo, millions, linksys, foxconn, belkin, acquisition
There is an offer on the table for Belkin worth $866m, being made by a Foxconn subsidiary. You might think of Belkin solely as a provide of mobile phone accessories and a smattering of wireless devices, however they also own Linksys and the smart home device provider Wemo, which makes this deal bigger than you might have thought. Belkin is a US based company so this purchase will face the same hurdle as Broadcom faced when it attempted to purchase Qualcomm earlier this year. Slashdot has links for more information, though the Financial Times still resides behind a paywall.
"The buyout would make Foxconn a major player in consumer electronics, instead of just a contract manufacturing company. Belkin primarily sells phone/tablet accessories, but also manufactures networking equipment like routers and Wi-Fi range extenders. The company also sells a range of smart home products under the Wemo brand"
Here is some more Tech News from around the web:
- Sale of Toshiba Memory remains uncertain @ DigiTimes
- Google is blocking its Android apps working on uncertified devices @ The Inquirer
- We need to go deeper: Meltdown and Spectre flaws will force security further down the stack @ The Register
- Mozilla Launches Facebook Container Add-on To Isolate Your Web Browsing Activity From Facebook @ Slashdot
- Acer's Chromebook Tab 10 ditches the keyboard with the first Chrome OS tablet @ The Inquirer
- A platterful of storage nuggets to spin your disks and fry your bits @ The Register
- Better Beer Through Gene Editing @ Hack a Day
- The Darkness II is FREE for a Limited Time! @ TechARP
Subject: Processors, Mobile | July 18, 2016 - 12:03 AM | Sebastian Peak
Tagged: softbank, SoC, smartphones, mobile cpu, Cortex-A73, ARM Holdings, arm, acquisition
ARM Holdings is to be aquired by SoftBank for $32 billion USD. This report has been confirmed by the Wall Street Journal, who states that an official annoucement of the deal is likely on Monday as "both companies’ boards have agreed to the deal".
(Image credit: director.co.uk)
"Japan’s SoftBank Group Corp. has reached a more than $32 billion deal to buy U.K.-based chip-designer ARM HoldingsPLC, marking a significant push for the Japanese telecommunications giant into the mobile internet, according to a person familiar with the situation." - WSJ
ARM just announced their newest CPU core, the Cortex-A73, at the end of May, with performance and efficiency improvements over the current Cortex-A72 promised with the new architecture.
(Image credit: AnandTech)
We will have to wait and see if this aquisition will have any bearing on future product development, though it seems the acquisition targets the significant intellectual property value of ARM, whose designs can be found in most smartphones.
Subject: General Tech, Mobile | February 15, 2014 - 11:47 PM | Scott Michaud
Tagged: motorola, Lenovo, acquisition
According to Bloomberg, Lenovo's CEO has recently made a claim in a phone interview that, "In a few quarters we can turn around the business [Motorola]". Google is currently in the process of selling a subset of Motorola to Lenovo for $2.9 billion USD. When it was first announced, I assumed the deal was based on Motorola's brand power and their relationship with wireless carriers around the world.
Now, two weeks later, Lenovo outlines their plan. The company expects to push Motorola into China, emerging markets, and even existing ones. Lenovo's CEO, Yang Yuanqing, believes that customers will positively identify with the brand, especially in China. They are planning to relaunch the brand in China and become a stronger third-place competitor (globally).
The company also disclosed that approximately 3,500 employees would carry over with this acquisition.
Subject: Editorial, General Tech | July 13, 2013 - 07:24 PM | Tim Verry
Tagged: wireless, spectrum, leap wireless, cricket, AT&T, acquisition, 4g lte
AT&T Plans To Acquire Leap Wireless (Cricket)
In a counter move to the SoftBank-Sprint-Clearwire merger, AT&T has announced its intentions to buy out Leap Wireless and its Cricket pre-paid cell service brand. AT&T will pay as much as $15 per share, which amounts to a bit under $1.19 billion (79.05 million outstanding shares at $15 per share). Before the announcement, Leap Wireless was trading at less than $8, so the bid is fairly generous. So far, approximately 30% of shareholders have voted to accept the buyout offer.
In the buyout deal, AT&T will acquire Leap Wireless, its Cricket brand in the US, licenses, spectrum, Cricket brand, 3,400 employees, and its retail locations. Cricket currently has a 3G CDMA network and is rolling out a 4G network. The company has about 5 million subscribers. AT&T will get to add a bit more spectrum to its portfolio in the PCS and AWS bands. This spectrum held by Leap Wireless is reportedly complementary to AT&T’s existing licenses.
Interestingly Leap Wireless is not doing very well, and has about $2.8 billion in net debt, and its Cricket service is loosing subscribers. AT&T would also have to assume that debt. Cricket offers up unlimited plans that include unlimited voice calls, texting, and data. AT&T has stated that it would assume control of and maintain the Cricket brand. It will continue to offer service to existing Cricket customers and would also offer up its own 4G LTE network for use by Cricket pre-paid plans (phone hardware permitting). AT&T stated in a press release that it intends to use the Leap Wireless acquisition to “jump start AT&T’s expansion into the highly competitive prepaid segment.”
The buyout deal will need to be approved by Leap Wireless as well as by the US Department of Justice and FCC. If it successfully passes through the various regulatory bodies, AT&T expects the deal to close within the next six to nine months.
Personally, I have my doubts that AT&T will continue to maintain the Cricket service as is, especially when it comes to unlimited data. As far as its pre-paid expansion, it at least tried to go down this path before with its line of Go phones. I believe that this deal is mostly about padding out AT&T’s spectrum portfolio in a bid to head off Sprint, and maintain its position against T-Mobile and Verizon. The MVNO and pre-paid market is certainly growing and AT&T is going to want a piece of that market, but I also think that the last thing AT&T wants to do is cannibalize its own contract offerings by offering up a similar pre-paid service with unlimited everything for half the price. Sure, AT&T will take it versus getting nothing, but the company is going to have a hard time balancing both offerings in a way that does not negatively effect one or both of its pre-paid and post paid services.
What do you think about the deal, is this a good thing for Cricket customers? Is AT&T serious about wanting to jump into the pre-paid market?
Subject: General Tech | October 5, 2011 - 05:35 PM | Jeremy Hellstrom
Tagged: ssd, plx, ocz, merger, acquisition
SAN JOSE, CA—October 5, 2011—OCZ Technology Group, Inc. (Nasdaq:OCZ), a leading provider of high-performance solid-state drives (SSDs) for computing devices and systems, today announced it has signed a definitive agreement to acquire the UK Design Team and certain assets from PLX Technology, further strengthening the company’s global research and development team.
PLX’s UK Design Team has built a reputation for designing innovative and reliable system-on-chip (SOC) solutions and the acquired engineering team’s expertise provides OCZ with additional resources for controller design. Through the acquisition of the engineering team and the license of intellectual property (IP), OCZ will be able to accelerate solid state drive development, reducing its time to market for next generation SSD products, while also reducing development costs.
“We are pleased to augment our engineering organization with the UK Design Team as they have been providing best of breed system-on-chip designs, software, and firmware since 1992,” said Ryan Petersen, CEO of OCZ Technology. “We believe the additional engineers along with the access to increased IP resources will enable us to significantly reduce the costs associated with storage protocol licensing, while simultaneously speeding our time to market.”
Pursuant to the agreement, OCZ will among other items acquire from PLX access to substantial IP and the UK Design Team, which consists primarily of approximately 40 engineers located in Abingdon, United Kingdom. PLX will retain their existing line of products which they will continue to support and supply to their customer base, and any patents related to the technology, for which OCZ will receive a perpetual license. The acquisition is subject to the satisfaction or waiver of various closing conditions.