Posts with tag acquisition
Microsoft now controls the OS and the hardware
If there’s one thing Microsoft has always been good at, its developing software and partnering with hardware manufacturers to get that software out into the world. But starting today, Microsoft has turned into a big player of both the hardware and the software. That’s right, after over half a year of waiting and waiting for the right government approval, Microsoft has officially acquired Nokia’s devices and services unit.
The deal, which was originally announced in September of 2013 and cost Microsoft $7.2 billion, puts the software giant firmly in control of nearly the entire Windows Phone ecosystem, from end to end. Nokia had been Microsoft’s biggest Windows Phone supporter, however the company began to accelerate a deal that would merge the two companies when it became public knowledge that Nokia was heavily considering switching to Android – a consideration that eventually turned somewhat to reality with the announcement of the Nokia X and XL last month.
Under the acquisition, Microsoft will be allowed to use the “Nokia” name on feature phones until December 31st, 2015. However, any new smartphones by the former Nokia team will be released under the Microsoft brand. It remains to be seen on whether or not Microsoft is planning on using the Lumia branding with upcoming Windows Phone devices, however a rumor a while back indicated that Microsoft could be considering switching to the Surface brand for all smartphone models going forwards.
Bumping heads with Google now
Bump, the service that awe-spired iPhone users everywhere when they launched their first iOS application not long after Apple launched the App Store in 2008, has been acquired by Google. The news comes from Bump’s own official blog, where CEO David Lieb said the following:
Our mission at Bump has always been to build the simplest tools for sharing the information you care about with other people and devices. We strive to create experiences that feel like magic, enabled behind the scene with innovations in math, data processing, and algorithms. So we couldn’t be more thrilled to join Google, a company that shares our belief that the application of computing to difficult problems can fundamentally change the way that we interact with one another and the world.
Bump also confirmed that the service will continue to operate as normal, and will even be pushing out new updates in the near future. However given Google’s habit of eating up and then killing fan favorite services and applications, I would start assessing your options, Bump users. You’re in for a bumpy ride.
Sprint and SoftBank both have just confirmed that SoftBank has purchased a 70% controlling interest in Sprint for a total of $20.1 billion. The transaction is pending approval and is estimated to go into effect sometime mid-2013, after being heavily reviewed by both Sprint’s shareholders as well as the FCC.
If the deal were for whatever reason to fall through on SoftBank’s end (as the AT&T acquisition of T-Mobile did late last year), SoftBank would be liable for $600 million to Sprint. If Sprint’s shareholders don’t agree to the acquisition or it falls through for whatever reason on their end, Sprint would be liable for that $600 million to SoftBank.
The deal would make the new SoftBank/Sprint entity the single largest carrier in the world, and would give Sprint a much larger ability to build out their advanced 4G LTE network to better compete with Verizon and AT&T in the future.
Source: The Verge