Vodafone India Plc and Idea Cellular India have announced the completion of the merger. Post the merger, the top-level management will see a shakeup and the two telcos will join hands to take on the rising popularity of Reliance Jio. Mr Kumar Mangalam Birla will be the Non-Executive Chairman of the merged Company. The new CEO will be Balesh Sharma, the current Vodafone COO.
Vodafone Group Chief Executive, Vittorio Colao, and Aditya Birla Group Chairman, Kumar Mangalam Birla have said:
We are pleased to announce the proposed management team for the new company to be created through the merger of Vodafone India and Idea. The team has extensive operational experience and [...]
In a merger that could probably spell disaster for Google, the company is planning to fold its Chrome OS into its Android OS. Why is this a bad thing? Well, the Chromebook with Chrome OS was introduced as a lightweight operating system with limited native apps for low-powered netbooks. It was meant for students who would do most of their networking through the browser.
With this merger, Google has basically stated that the Chromebook is opening the gates for a horde of Android apps. This will not only leave the Chromebook more cluttered, but could also invite potential security concerns.
The news is not unexpected, [...]
In an attempt to shake off its PC-only image, Dell has entered into talks with EMC, the cloud commuting company, for a merger deal. It remains unknown at this point if it will be a partial or an entire merger. Reportedly, EMC has been exploring options based on the federation structure it has raised with partnerships in various vendors from the industry, which include names like VMWare, Red Hat, VCE, and Pivotal.
If the deal materializes, it would mean strengthening of the company’s stability in Asia. Dell’s Asia Pacific president, Amit Midha says,
“I think we clearly have to communicate our end to end message of security integration, cloud, [...]
Earlier today, Reuters broke an exclusive news saying that Samsung is planning to buy BlackBerry. According to the international news agency, the South Korean electronics producer offered BlackBerry as much as $7.5 billion in view of its valuable patents.
As per the inside source of the agency, Samsung proposed to buy individual shares of the Canadian equipment manufacturer at a price of $13.35 to $15.49 per share, which is 22 percent higher than the current trading price of BlackBerry. Samsung is not the first company who has showed interest in acquiring BlackBerry. Back in 2014, Lenovo and few other firms were in [...]
HTC has assured that after a final assessment of the worth of S3 graphics the company will wrap up the buyout some time soon. The 270 patents that come into HTC portfolio will help the company fight off any legal issues that may arise in the future.
The strong Patent portfolio may also scare potential competition and make them think twice before any other patent wars begin
Both the United States Justice Department and European regulators have given the Google Motorola deal their sign of approval. The proposed takeover that was decided mid 2011 had gaining concerns from interested parties, other android using manufacturers and some non related manufacturers as well. Major play for Motorola will give google a huge chunk of patents to play with in the fight ahead with companies like Apple.
The US department of Justice has clarified that the takeover /merger poses no real threat to competition and that it “will not hesitate to take appropriate enforcement action to stop any [...]
Western Digital had announced its plans to buy Hitachi’s (or Acquire) Hard Drive business for a total of 4.3 Billion US $. Regulators only approved the Western Digital deal after assurances that the company would sell off some its production assets, including a manufacturing plant, and transfer some intellectual property to the new unit being put on the auction block.
So as soon ad WD can sell off their existing plant, they will be ready to take over Hitachi’s units.
In an interesting turn of events Motorola Stockholders have changed their judgement over the Google Motorola Deal.
We are pleased and gratified by the strong support we have received from our stockholders, with more than 99 percent of the voting shares voting in support of the transaction, We look forward to working with Google to realize the significant value this combination will bring to our stockholders and all the new opportunities it will provide our dedicated employees, customers, and partners.
-Motorola Mobility CEO Sanjay Jha
Google intends to use the tens of thousands of patents it will control as a result of the merger as a new line of [...]
Microsoft has been given the US antitrust approval for the large acquisition of Skype for its VOIP integrations within all of its offerings including, and not limiting to, Windows, Xbox and Zune. The total cost of this is set at US $8.5 Billion and the transfer of funds will commence and end in one single sweep.
Microsoft will be updating the Skype APIs to make them usable within their own infrastructure, and should be updating the end user clients very very soon. Microsoft has constantly repeated that existing Skype users will and should not be affected by the new changes.
US Telecom giant At&T will buy rival company T-mobile from Deutsche Telekom for a whopping $39 Billion. At the end of this deal, AT&T will have a total of 130 million Subscribers making it the largest company in the United States. In the Deal the German company will be getting $25 billion in cash and $14 billion in stock, giving it an 8 percent stake in AT&T .
Read the full PR
AT&T to Acquire T-Mobile USA from Deutsche Telekom
Provides Fast, Efficient and Certain Solution to Impending Spectrum Exhaust Challenges Facing AT&T and T-Mobile USA in Key Markets [...]
WD is one of the worlds best hard drive manufacturing and selling companies and they have just announced a deal to acquire one of its primary competitors, Hitachi Global Storage Technologies Steve Milligan, president and chief executive officer of Hitachi GST, will join WD at closing as president. In the deal the acquisition will include $3.5 billion in cash and $750 million in WD common stock.
The takeover is said to be finalized by Q3 2011.
Western Digital to Acquire Hitachi Global Storage Technologies
Combination of Hard Drive Companies Will [...]
While this may me confirmed on many levels, it still remains to be clarified. Bloomberg claims that it has two sources involved deeply in the process citing that there is a flow of $$ from Redmond to Espoo which is in excess of $ 1 billion, directed towards the manufacture of mobile phones holding the MS phone OS. It calls for Microsoft to pay a portion of the agreement before the final merger this year along-with Nokia sending cash in the other direction for device licenses.
Talk about holding the key and the lock in the same hand, still wondering why Nokia didn’t choose Android?