Nokia Corp. will acquire total ownership of Symbian Ltd., buying out current partners in a deal valued at about $411 million, the company said today.Nokia said it would combine its own S60 platform with the Symbian platform and provide the results - a single...
Nokia Corp. added another social networking business to its portfolio, acquiring Plazes AG for an undisclosed sum.Operating primarily out of Berlin with 13 employees, Plazes offers a context-aware community that encourages users to post where they are and what they're doing. The deal is...
The Justice Department's agreement to let Verizon Wireless purchase Rural Cellular Corp. so long as the No. 2 mobile-phone carrier sells off a handful of licenses in Vermont, New York and Washington, was perhaps the easy part. Getting the $2.67 billion transaction through the...
Verizon Wireless's purchase of Alltel Communication L.L.C. is leaving many gasping for breath. The $28.1 billion purchase of the nation's fifth-largest U.S. mobile operator seems to make sense for Verizon Wireless, both strategically and financially. However, for the private-equity investors who purchased Alltel less...
Hours after media reports indicated a deal was close, Verizon Wireless announced an agreement to acquire Alltel Communications L.L.C.for $5.9 billion in cash and assume $22.2 billion in debt, for a total package price of $28.1 billion. If approved, the deal would create the...
AOL on Monday said it has completed the acquisition of Bebo, an online social network focused on the youth market and particularly strong in the United Kingdom.
Direct-to-consumer content vendor PlayPhone Inc. is expanding its footprint by merging with London's Pitch Entertainment Group.Pitch Entertainment delivers off-deck content, social networking applications and mobile marketing solutions in 20 markets primarily in Europe and Asia. PlayPhone operates its own content storefront as well as...
NextWave Wireless Inc. plans to introduce today broadcast technology that will give WiMAX operators the ability to deliver multimedia services like mobile TV and digital audio over their networks. NextWave's new MXtv technology is compatible with the 802.16e standard, the company said.The company said...
Motricity Inc. finally made it official, announcing that it will slash 250 jobs over the next nine months and move its headquarters from Durham, N.C. to the Seattle area.The moves, which were first reported last week, are an effort by Motricity to streamline its...
ROK Entertainment Group Inc. said it has broken off negotiations to acquire fledgling mobile virtual network operator (MVNO) Xero Mobile Inc.ROK, a U.K.-based mobile media firm, provides live and on-demand video to wireless users around the world. The company in September began talks with...
DukeNet Communication Services L.L.C., which is owned by Duke Energy Corp., said it signed a definitive agreement to acquire 115 wireless towers from Vangard Wireless L.P.The sites are located within Duke Energy's utility territory in Indiana, Kentucky, North Carolina, Ohio and South Carolina, as...
New wireless subscribers came to AT&T Mobility in record droves during the fourth quarter; the carrier added 2.7 million net new customers to the rolls -- an all-time record high among U.S. wireless carriers. The growth was well ahead of even the most optimistic...
Shares of Glu Mobile Inc. got a lift after the company offered to buy U.K.-based rival Superscape Group plc for $36 million.Superscape has gained traction with a portfolio of both 2-D and 3-D mobile games, and claims 135 employees in San Clemente, Calif., and...
Editor's Note: Welcome to On the Margins, a feature for RCR Wireless News' weekly e-mail service, Mobile Content and Culture. Every week, the RCR Wireless News staff considers events in the wider business world and how they could affect the wireless industry.--Oracle pulled off...
Aptilo Networks announced it is acquiring Airpath Wireless Inc. for an undisclosed sum. Aptilo said the acquisition would double its presence and revenue stream in the United States by expanding its position as a provider of integrated solutions for WiMAX, metro Wi-Fi and Wi-Fi...
Aruba Networks Inc. reported plans to buy Airwave Wireless Inc., purveyor of management tools for multi-vendor wireless networks, for $37 million in stock and cash.Airwave will operate as a business unit of Aruba, which said the acquisition supports its strategy of fostering partnerships for...
Clearwire Corp.'s stock jumped nearly 12% in early afternoon trading based on speculation that the company is on the verge of announcing it will be acquired. According to a research note by Raymond James & Associates analyst Ric Prentiss, Clearwire's stock has been boosted...
Leap Wireless International Inc. said that it plans to acquire Hargray Communications Group Inc.'s wireless operations for $30 million, expanding Leap's Cricket service into Savannah, Ga. and Hilton Head, S.C.The deal includes Hargray's 15 megahertz spectrum license, wireless network and most of its wireless...
AT&T Mobility and Verizon Wireless have agreed to swap wireless assets as part of previously announced acquisitions: Verizon Wireless' pending acquisition of Rural Cellular Corp. and AT&T Mobility recently approved purchase of Dobson Communications Corp.The swap calls for AT&T Mobility to pick up some...
Shares of satellite provider EchoStar Communications Corp. surged more than 25% yesterday, prompted by speculation that the company may be purchased by AT&T Inc. TheStreet.com reported that AT&T is close to a deal with EchoStar for a $29.5 billion buyout, citing a "source familiar...
Microsoft Inc. announced it has acquired the right to buy Musiwave SA from Openwave Systems Inc., which has struggled with management changes in light of stock-option backdating woes and proxy battles with shareholders. No terms of the proposed deal were disclosed.The acquisition of Musiwave...
Synchronica acquired GoodServer to boost its ability to target mobile device synchronization and management, the company announced. Terms of the deal were not disclosed.GoodServer's technology was already a key component of Synchronica's Mobile Gateway and the purchase will give Synchronica the sole rights to...
Sen. Bernie Sanders (I-Vt.) said he has serious concerns with Verizon Wireless' $2.67 billion purchase of Rural Cellular Corp., telling Federal Communications Commission Chairman Kevin Martin the transaction should not go forward unless the No. 2 mobile-phone carrier agrees to what appears to be...
