Motorola's sale to Lenovo has been finalized

Just one day after launching its Nexus 6 device for former owner Google, Motorola is officially a part of Lenovo which now might be the third largest phone maker in the world. Lenovo will let Motorola do its thing as a wholly-owned subsidiary and will absorb Moto's employees.

“Today we achieved a historic milestone for Lenovo and for Motorola – and together we are ready to compete, grow and win in the global smartphone market. By building a strong number three and a credible challenger to the top two in smartphones, we will give the market something it has needed: choice, competition and a new spark of innovation,” said Yang Yuanqing, chairman and CEO, Lenovo. 

“Motorola is in great hands with Lenovo, a company that’s all-in on making great devices,” said Larry Page, CEO, Google. Okay....Hit jump for the official release and the nitty-gritty

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Google’s Nest buys home automation hub company Revolv

Looking to build a formidable smart home hardware team, Google’s Nest adds another company under its belt with the acquisition of Revolv, the creator of home automation hubs. Nest previously bought Dropcam after Google acquired them for US$3.2 billion.

As part of the deal, Revolv will no longer sell new products but will continue support for its current customers. Its employees will join the Nest team. And data from Revolv will remain separate from Google.

Source: The Next Web

Japanese telecom SoftBank tipped to acquire DreamWorks Animation

Japanese telecommunications and internet giant SoftBank is reportedly working on a deal to acquire DreamWorks Animation. Reports claim SoftBank is offering US$32 per share compared to DreamWorks Animation’s current $22 price. It isn’t clear how far along the deal is though. It would seem SoftBank is looking for a new way to grow Sprint’s market in the US after its plans to purchase T-Mobile didn’t push through. Or perhaps they want to grow DreamWorks’ content in Japan.

DreamWorks Animation is behind works such as How To Train Your Guardian franchise, Shrek, Croods, and Madagascar. The company has been struggling in the past few years because its fortunes are directly tied to box office performance. Some of the misses include Mr. Peabody & Sherman, Turbo, and Rise of the Guardians.

Source: Wall Street Journal + The Hollywood Reporter | Via: The Verge

Twitpic comes back from the dead

Just when Twitpic announced it was going out of business, it would seem the tide has turned. Twitpic has been bought by an unidentified buyer and as they say, the photo sharing service for Twitter lives. The service announced it was shutting down just a few weeks ago because of some legal demands from Twitter. The story is still developing so we’ll keep you posted on any updates.

We're happy to announce we've been acquired and Twitpic will live on! We will post more details as we can disclose them

— TwitPic (@TwitPic) September 18, 2014

Source: Gizmodo