Just days before Fairfax Financial Holdings is set to firm up its $4.7 billion offer for BlackBerry, bidding for the embattled smartphone maker has become more intense.
Cerberus Capital Management is now officially in talks to team up with BlackBerry co-founders Mike Lazaridis and Doug Fregin for a possible joint bid for the smartphone maker, according to The Wall Street Journal (subscription required).
Although it's not entirely clear who else might join their effort, it looks as if Qualcomm, too, is in talks to join the Cerberus group, the Journal said.
Dell's founder and chief executive Michael Dell has completed his bid to take the company private.
In conjunction with financial backing from investment firm Silver Lake Partners, the company has begun the process to delist its common shares from the Nasdaq stock exchange in New York.
Dell shares will no longer be traded on the stock exchange by market close today. The company's stock ($DELL) is, at the time of publication, up 0.2 percent in late-morning trading.
Under the terms of the deal, valued at approximately $24.9 billion, Dell shareholders will receive $13.75 … Read more
Former Apple CEO John Sculley is said to be considering buying BlackBerry, according to a report by The Globe and Mail. No, this is not a parody Onion article.
The man known for firing Steve Jobs from Apple in 1985 told the Canadian newspaper that while he was not commenting on the matter, he said he has been a "longtime BlackBerry fan and user."
"The only thing I would say is, I think there's a lot of future value in BlackBerry, but without experienced people who have run this type of business, and without a strategic … Read more
As rumors have abounded about which company is going to get its hands on Hulu, it's looking like DirecTV and Time Warner Cable may be the runners-up.
According to Bloomberg, DirecTV is said to have put in a follow-up bid to purchase the streaming video service, and Time Warner has reportedly followed up by offering to buy a stake in the company and become an investor alongside the owners.
While the sale of Hulu is private, two people with knowledge of the matter told Bloomberg that both of these offers were made on Friday, which was the deadline for … Read more
AllThingsD reported Friday that sources close to the situation said private equity firm Silver Lake did not plan to make a follow-up bid to purchase the video service. Silver Lake was up against a slew of companies that had expressed interest in Hulu, including Yahoo, DirecTV, Time Warner Cable, Guggenheim Digital Media, and a joint bid by the Chernin Group and AT&T.
Otellini sent a letter to Federal Communications Commission Chairman Julius Genachowski giving word that he favored SoftBank, a wireless carrier based in Japan, over Dish for the Sprint takeover offer.
Sprint has been in talks with SoftBank since last October regarding a $20.1 billion offer, but as the deal closing has neared Dish came in with a surprise counter offer of $25.5 billion. If Sprint were to accept SoftBank's bid, the deal would close by the beginning of July.… Read more
Open up Quick and you'll see two paths you can take: Sell or Search & Buy. Selling an item using Quick is totally straightforward. Just hit List an Item and input all of the vital info, like Title, Price, Category, Description, Payment Options, Delivery Options, and Photos. You can snap a few new pics or import existing ones from your Gallery. If you're selling a fairly common item, there's a nice feature that lets you use Quick to search for it (either by keyword or scanned bar code), in order to autopopulate the item fields. Lastly, at … Read more
Web sites are increasingly targeting ads at visitors based on behavioral data collected via cookies and other tracking techniques behind the scenes. This riles privacy advocates and many consumers, but there's no question it will become even more widespread.
Since November 2010, behavioral tracking has increased 400 percent, according to a new study from Krux, a firm that helps Web sites manage customer data. The average visit to a Web site in December triggered 56 instances of data collection, up from 10 instances in Nov. 2010, the company found after crawling pages on the 50 most-visited sites measured by … Read more
The only e-reader fit enough to meet the U.S. State Department's needs is the Kindle Touch. The iPad and Nook simply won't do. The government has asked Amazon to negotiate a no-bid contract of up to $16.5 million to pass out Kindles to the country's embassies overseas. This was first reported by Nextgov.
If Amazon proposes a contract based on the State Department's needs, it would theoretically provide at least 2,500 Kindle Touches preloaded with 50 titles each to the State Department; but this number could grow because the government is looking to … Read more