Entries in acquisition (125)

Monday
Apr212014

Microsoft and Nokia to complete merger on April 25

Mark the date. Microsoft has just announced the exact date when it will complete its acquisition of Nokia’s (or should we say Microsoft Mobile?) devices and services business. According to a blog post by Microsoft’s General Counsel Brad Smith, the merger will take place on April 25, Friday. All legal hurdles are said to be cleared at this time. After the merger, Microsoft will be in charge of Nokia’s website and social media presence for up to a year. Former Nokia CEO Stephen Elop will be in charge of the devices division at Microsoft, where he will also report directly to CEO Satya Nadella. 

Source: Engadget

Sunday
Apr202014

Leaked supplier letter claims Microsoft to rename Nokia Oyj to Microsoft Mobile Oy

Microsoft is reportedly planning to rename Nokia once their deal closes soon. According to a letter sent to suppliers, Nokia Oyj will become Microsoft Mobile Oy, a wholly-owned subsidiary that will become Micrososft’s mobile devices division. Based on the copy of the letter obtained by Nokiapoweruser, the suppliers were told that the terms and conditions of their contracts will not change when the acquisition is completed.

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Thursday
Apr102014

Amazon targets digital comics market with comiXology purchase

Amazon has already invaded the e-book space through Kindle but it looks like they want to expand into the comic book space with their newest acquisition. Amazon has just bought comiXology, a digital comic book service. While the deal isn’t closed yet, comiXology CEO David Steinberger expresses his approval of the agreement. “Working together, we look to accelerate a new age for comic books and graphic novels,” Steinberger says.

Amazon said they will find a way for Kindle and comiXology to work together as Kindle already offers single issues and graphic novels. The company also plans to retain comiXology’s branding and they will continue to support existing apps.

Source: Engadget

Monday
Apr072014

Twitter buys Android lockscreen app maker Cover

Twitter looks to be building its mobile presence with its latest acquisition. The social network has bought the company behind the alternative Android lockscreen Cover. Cover places the apps you use on the lockscreen based on the time of day and your location. We’re not sure what the implications of this sale are at the moment (trying to compete with Facebook Home, perhaps?). The newly acquired company did not say if they will develop the app further as they integrate into Twitter’s team. In the meantime, the app is still available on Google Play Store.