Posts Tagged ‘billion’
Last month news leaked that Facebook might acquire crowdsourced navigation / traffic / mapping app Waze, but now two papers in Israel say Google is about to close the deal. Globes and Calcalist both peg the potential sale price at $ 1.3 billion US, with the company’s development team remaining in Israel after the sale and not moving to the US. Where they will work from is cited by Globes as one reason why negotiations may not have worked out with Facebook, along with the price tag. For those unfamiliar with Waze, the app generates mapping data in real-time based on its nearly 50 million users and reports of accidents or traffic jams.
After much competition and debate, it appears Google may have won the bidding war for popular maps and traffic company Waze — Israeli newspaper Globes reports that Google is paying $ 1.3 billion to acquire the Israel-based company. The report comes after months of back-and-forth, with Facebook, Apple, and Google all rumored to be angling to buy Waze, nearly always with billion-dollar price tags. Globes reports that a Facebook deal fell apart because of the price tag, and because Facebook wanted Waze to move its headquarters to California; Apple apparently never made an offer because the price was too high.
Google, on the other hand, appears to be a perfect fit. It has an office in Israel, a history of acquiring Israeli startups, and a…
Lenovo’s just announced its Q4 and full year 2012/13 financial results, and all the indices point to good news for the Chinese company. It earned $ 127 million on $ 7.8 billion in revenue for the quarter and $ 34 billion for the full year, both records for the company, while netting $ 635 million in profit for the full year — another all-time high. The only sore spot for Q4 was Lenovo’s laptop business, which dropped two percent over last year to $ 4.2 billion, but that’s a far milder plummet than many PC makers saw — thanks to a 74 percent revenue growth in China. Otherwise, desktop PCs held flat for the company at $ 2.4 billion during an otherwise down period, and it held firm as China’s number two smartphone manufacturer, seeing shipments grow at 206 percent year-over-year, double the average rate. It remains to be seen if Lenovo can continue to buck the downward PC trend that’s continued unabated with the release of Windows 8 — but if not, maybe we’d finally see some of its smartphones over here.
Source: Business Wire
The last few years have been a tumultuous time for LightSquared, with the company’s LTE plans facing one hurdle after another that eventually led to a bankruptcy filing. It looks like at least one company is now looking to buy its most valuable asset, though, with Bloomberg reporting that Dish Network Chairman Charlie Ergen has put a $ 2 billion offer on the table for the company’s wireless spectrum. That’s yet to be confirmed by either party, and Bloomberg reports that the offer is a so-called stalking horse bid, which could still let others put in a higher offer of their own. As Bloomberg also notes, this all comes at the same time that Dish is looking to buy Sprint for over $ 25 billion, both deals of which would require regulatory approval.
Filed under: Wireless
Yahoo’s board has approved a deal to purchase Tumblr for $ 1.1 billion, according to the Wall Street Journal.
Tumblr generated $ 13 million in revenue last year, and spent $ 25 million, Business Insider has reported. Sources close to the talks told Tech Crunch last week that Tumblr could have rejected the $ 1.1 billion offer because it was too low. For the purchase to be finalized, Tumblr must accept.
The deal is by far the largest move by CEO Marissa Mayer who joined Yahoo! in July.
Earlier today, Yahoo sent press invites to a “product-related” event in New York City Monday afternoon and there are already two separate rumors about the company’s plans. The first, from Bloomberg, concerns the event specifically and cites a “person familiar with the matter” reporting we’ll hear about new updates for Yahoo’s once-mighty Flickr photo service. The second is from AllThingsD, which has upgraded rumors of a Tumblr purchase from possible to possibly imminent, saying the company’s board will meet to decide whether it will make a $ 1.1 billion all-cash offer for the site. That announcement is also penciled in for the 20th, but whatever actually goes down you can be sure we’ll have the details as they’re unveiled at 4:30PM ET.
Filed under: Internet
We doubt recent earnings reports at Dell have been met with balloons on the quad and sheet cake in the cafe. And that’s likely the case this time around as well. The PC maker reported revenue of $ 14.07 billion, but earnings of just 21 cents per share — a bit shy of estimates. The company’s stock price is hovering around the $ 13.65 mark, the amount shareholders have been promised once the firm goes private later this year. As you might imagine, Dell’s books won’t be open to public scrutiny once that transaction closes, making this one of the very last earnings reports. Things may not be looking so good for Q1 2014, but will the company end its public streak on a high note? We’ll find out soon enough.
TechCrunch is reporting that Microsoft is trying to buy the Nook ebook and device ecosystem — for $ 1 billion. According to documents TechCrunch has obtained, Redmond hopes to buy the digital assets of Nook Media LLC; that’s the Barnes & Noble subsidiary behind the ebook business, as well as the Nook e-readers and tablets themselves.
The documents also reveal that the current Nook tablets aren’t long for this world. They reportedly state that Nook Media plans to discontinue its Android tablets like the Nook HD by the end of its 2014 fiscal year. The focus would then shift to what is referred to as “third-party partner” devices. It’s not clear what those devices specifically would be, but according to the document they’re scheduled to…
There’s a fairly good chance that Mark Zuckerberg’s heading Home today without a massive bonus check. Zuck’s social network, Facebook, hasn’t quite reached the level of profitability that some investors once expected — its first year of public trading brought highs and lows (though, mostly lows). But, revenues steadily grew, and, in the final quarter of 2012, the company finally turned a profit. And now, for the most recent quarter, Facebook is reporting revenue of $ 1.46 billion, with earnings at 12 cents per share. Mobile is clearly in focus this year, though the company’s efforts in that arena may be reflected in the future — the site’s legacy products are responsible for Q1 2013′s figures. We hope to get some more insight during the earnings call this afternoon, and we’ll be sure to share any notable tidbits as they’re made public.
A judge presiding over a legal battle between Microsoft and Google-owned Motorola issued a ruling today that valued elements of Motorola’s patent portfolio far below what the company felt they were worth — by a difference of over $ 3.2 billion a year.
The two companies have been locked in a legal battle over Microsoft’s use of several Motorola patents that are part of the 802.11 Wi-Fi and H.264 video standards. As such, they’re considered standards-essential patents, and must be licensed to other parties at a reasonable and non-discriminatory (RAND) rate. According to Redmond’s attorneys, Motorola violated that pact by asking far too much to use the patents in question — its initial request was 2.25 percent of the price of each…