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aquisition posts

Sprint acquires Virgin Mobile USA for a cool $483m

by Joshua Topolsky posted Jul 28th 2009 @ 8:39AM

Remember Virgin Mobile? Sure you do -- not long ago the last-man-standing MVNO snapped up Helio, and seemed ready to take its place as one of the few boutique prepaid operations still... er, operating. Well that appears to be all but done and done, as Sprint has just announced a "definitive agreement" to purchase the company for $483 million worth of sweet, succulent stock (which looks to be right about what it was valued at to begin with). It looks like Sprint will pair the acquisition with its Boost Mobile brand, which till now was in direct competition with VM. It's not quite rival city, however, Virgin Mobile USA was launched as a joint venture with Sprint, and the MVNO glides on Dan Hesse's network as it is. Still, it does seem to be another indicator that the days of the MVNO are certainly on the wane, though Sprint now looks to own the space -- what little there is.

Microsoft exec rekindles iPhone rival rumors, gives Zune a B-

by Darren Murph posted Sep 5th 2007 @ 9:28AM

It's probably not shocking to anyone that the Zune hasn't exactly lived up to the high hopes Microsoft had for it, and at the recent Citigroup technology conference in New York, Mindy Mount -- corporate vice president and CFO of the firm's entertainment and device division -- noted that she'd "give it a B-," and also stated that it was a "solid effort for the first year." More intriguing, however, was her comments on the future of the Windows Mobile OS, and while she was tight-lipped in regard to RIM acquisition whispers, she did hint at the possibility of a tweaked system to compete with Apple's iPhone interface. Reportedly, Mount stated that Microsoft "identified [Windows] Mobile being more integrated with photos and music," and concluded by proclaiming that it was "a natural thing to have in its product roadmap." Of course, this corporate speak can't really be regarded as much more than just that at the moment, but feel free to make of it what you will.

[Via Zune-Online]
Read - Microsoft Exec Hints at iPhone Rival
Read - Microsoft exec: Zune gets a B-; Xbox profitability; Windows Mobile's future

HTC buyout of Dopod in final stages: i-mate, O2, HP wail

by Thomas Ricker posted Sep 19th 2006 @ 8:35AM

Continuing their skyrocket beyond ODM-dom, HTC's buyout bid for Taiwanese Dopod has moved into the final stages. Having signed a memorandum of understanding, the only thing left in the estimated $150 million deal is approval from the Taiwanese government. Assuming HTC chairwoman and Dopod controlling shareholder Cher Wang, daughter of petrochemicals billionaire Y.C. Wang and wife of HTC boss-man Peter Chou, has enough influence to push this through (read: she does), then HTC is about to find themselves in direct competition with their own customers O2, i-mate and HP. HTC already confirmed their decision to self-brand phones in Europe, now the Dopod deal could result in HTC designs being sold exclusively under the Dopod branding outside of Europe. In fact, HTC has already cut ties with both O2 and i-mate in Australia, New Zealand, and India. So if Dopod's claim that HTC manufactures 80 percent of Windows Mobile phones is true, well, O2, i-mate, and HP best be looking for fresh design and manufacturing blood on the quick.

[Thanks, Ash]