We already know that Sprint & Clearwire has quite the relationship, but Sprint fully intends from not just owning some of Clearwire, but it wants to acquire what’s left of the available Clearwire share. Reuters reports that Sprint (by way of Softbank) wants full control of Clearwire’s network and subsequent spectrum by making a full $2.1 billion offer. If the deal is approved (and all indications point to its approval), the entire value of Clearwire would be worth somewhere in the area of $4.2 billion— though we won’t see the deal formally approved until at least sometime in the March or April of the upcoming year.
Talk about Sprint wanting to put a ring on it. Sheesh.We’ll be on the lookout for any further developments on this big news.
Google has just made a major acquisition by snatching up BufferBox off the open market. In case you’re not familiar with how BufferBox works, it’s a shipping service that doubles up as temporary storage space— like lockers— where customers can store all of their online purchases. What’s really neat about the service is the fact that BufferBox customers can utilize the storage space at different kiosks at different locations which can be a good thing too— Google plans on expanding the service to reach a broader net of customers too. Looks more and more like a true Google e-commerce reality is truly taking shape folks.
While this is exciting news, BufferBox is currently limited to our neighbors to the north at this time, so it’s uncertain if or when we will see the service expanded to other countries and markets. However, we suspect Google will expand to other countries since you know— more and more customers will want to buy devices like the Nexus 4 and it makes those online purchases just a little easier for all.
source: BufferBox Blog
As Softbank’s deep pockets have suddenly opened up a new challenger to Verizon & AT&T, it’s only natural for Sprint & Softbank to make an official statement confirming the major news. In a press release unveiled this morning, Softbank announced it will acquire Sprint Nextel for a whopping $20.1 billion ($12.1 billion in cash consideration & $8 billion in capital). The major highlight of this is the deal is the fact this will give Softbank a 70% stake of Sprint and 30% ownership, effectively giving it full control over the Now Network. The hope of this deal is Softbank will effectively give Sprint a better platform to use in rolling out not just its LTE network, but an LTE network with a significantly better structure than its competitors. Here’s Sprint CEO Dan Heese:
“This is a transformative transaction for Sprint that creates immediate value for our stockholders, while providing an opportunity to participate in the future growth of a stronger, better capitalized Sprint going forward. Our management team is excited to work with SoftBank to learn from their successful deployment of LTE in Japan as we build out our advanced LTE network, improve the customer experience and continue the turnaround of our operations.”
Of course all of this will be pending regulatory approval– so hopefully we won’t see some sort of mishap like we’d seen before. Hit the break for the full presser.
We knew Google was quietly on its way to making facial recognition just a little bit better, but now it has finally confirmed what the world already knew. A Motorola Mobility spokesman states:
“Motorola Mobility today announced that it has acquired Viewdle, a leading imaging & gesture recognition company. Motorola and Viewdle have an existing commercial agreement and have been collaborating for some time. Terms of the transaction were not disclosed.”
Now that the cat is out of the bag, the formal acquisition will mean a few things. The first thing is Viewdle’s technology will allow it to allow Google users to easily tag photos of friends and family across Google+, Picasa and of course, Android. And hey, we can’t have too many means to tag and identify our favorite contacts on the web, right?