Corporate and legal

Sprint CEO: Clearwire offer our 'best and final' one

LAS VEGAS -- Sprint's sweetened bid for Clearwire represents its "best and final" offer, Sprint CEO Dan Hesse told CNET on the sidelines of the CTIA Wireless show here Tuesday.

"You can take that to the bank," he said.

Sprint earlier today raised its offer for Clearwire to $3.40 a share, valuing the company at $10.7 billion. The offer is a substantial premium over its original $2.97 a share offer, and 10 cents a share more than Dish Network's competing bid for Clearwire.

Clearwire shareholders had been agitating for a better … Read more

Kyocera looks to create multi-headed Hydro

LAS VEGAS -- Kyocera is looking to capitalize on one of the phones that has been a quiet success story for the company.

The Kyorcera Hydro has been one of the top 10 selling smartphones each month since its launch in August, according to ITG Majestics. The company is looking to build on the Hydro name with the introduction of two new phones, the lower-end Hydro Edge and mid-tier Hydro XTRM.

The Hydro Edge is a low-end phone destined for Sprint Nextel's contract service and Boost's prepaid service. It will launch later this summer; its price has yet … Read more

Sprint ups bid on Clearwire to $3.40 per share to outdo Dish

Sprint has decided that it doesn't want to let Clearwire out of its sights.

The company on Tuesday announced that it has revised its $2.97-per-share offer for Clearwire to $3.40 per share. The increased offer represents a 14 percent increase from Sprint's previous offer, valuing Clearwire at $10.7 billion. More importantly, it's 10 cents higher than the $3.30-per-share offer made by Dish.

Sprint already owns about 50 percent of Clearwire. The company had previously said that its offer was superior to the one Dish brought to Clearwire earlier this year, and Clearwire's board agreed. … Read more

Apple still world's most valuable global brand, says report

Apple has again been crowned the most valuable global brand in the annual BrandZ report.

Released Tuesday, Millward Brown Optimor's 2013 BrandZ report pegs Apple with a brand value of $185 billion, up from $183 billion last year. Based on financial data and the opinions of potential and current buyers, Apple retained its top rank in spite of the thrashing suffered by its stock over the past several months.

"Despite a more competitive marketplace and other challengers nipping at its heels, Apple's ability to maintain its No.1 position demonstrates the value that having a strong brand … Read more

SoftBank grants waiver for Sprint to talk more to Dish

SoftBank made a bold move in its ongoing battle with Dish to acquire Sprint. The Japanese wireless carrier gave Sprint a special waiver on Monday to let it go into more broad talks with Dish.

While this seems counterintuitive, SoftBank said that it believes further talks between Dish and Sprint will only show the U.S. wireless carrier that SoftBank is the superior candidate for the acquisition.

"We continue to believe that our agreed transaction, which we plan to close in approximately six weeks, creates substantially greater value and provides far greater certainty for Sprint shareholders," SoftBank Holdings … Read more

NY official: Airbnb stay illegal; host fined $2,400

New York officials have determined that a man who rented out part of his apartment on Airbnb should pay $2,400 for violating the city's illegal hotel law, despite Airbnb stepping in on the host's behalf.

The city initially asked host Nigel Warren to pay $7,000 total in fees for violating a law that makes it illegal for property owners to rent out homes temporarily -- essentially mimicking hotel stays -- and for unrelated issues with building and zoning codes, according to the decision and order issued by the board. (See PDF below; it cites Abe Carrey, … Read more

Dish said to bid $2B for Lightsquared spectrum

LightSquared's wireless spectrum could be getting a new owner, according to a new report.

According to Bloomberg, Dish Network Chairman Charlie Ergen made a $2 billion bid last week for LightSquared's radio frequencies, which are owned by private investment firm Harbinger Capital Partners.

Bloomberg added, based on unnamed sources said to be familiar with the deal, that LightSquared has until the end of the month to make a decision.

Dish is already bogged down by other networking and communications deals floating around -- namely a $25.5 billion bid for Sprint Nextel. The nation's third-largest mobile provider … Read more

Young and old: A side-by-side look at Tumblr, Yahoo audiences

Sometimes a picture really is worth a thousand words.

Yahoo has agreed to acquire 6-year-old blogging powerhouse Tumblr for $1.1 billion. The mammoth deal has sent the Internet into a tizzy, especially since most would have pegged the two companies as unlikely bedfellows just a week ago.

The simplest and most obvious reason for Yahoo's interest in Tumblr can be seen in the chart above, which highlights the dramatically differing demographic profiles for the media portal and the blogging network.

It's a tale of two audiences. Tumblr is a fountain of youth. Yahoo is practically a retirement … Read more

WordPress: 72K blog posts exited Tumblr in 1 hour over Yahoo deal

WordPress founder Matt Mullenweg said his company saw a major uptick in Tumblr defections after news of the $1.1 billion acquisition by Yahoo came to light.

Writing on his personal blog Sunday evening, Mullenweg said that WordPress usually imports 400 to 600 blog posts per hour from Tumblr. After news of the deal surfaced, the number of imported posts jumped to more than 72,000 blog posts in an hour.

Mullenweg updated his own blog post on Monday morning. "Some people are reading too much into the import numbers -- I don't think there will be an … Read more