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Tag: ACQUISITION

Dish Network Buys What's Left of Blockbuster

Dish Network has agreed to buy Blockbuster more than six months after the movie rental chain filed for Chapter 11 bankruptcy. Dish "won" a bankruptcy court auction for the company, with a winning bid of $320 million, although negotiations pushed the final price down to a paltry $228 million. Tom Cullen, Dish Network's executive vice president of sales, marketing and programming, says his goal is...

AT&T Buys T-Mobile: What Does It Mean for Consumers?

In the largest deal the wireless industry has seen since 2004, AT&T has agreed to buy T-Mobile USA for $39 billion in cash and stocks. In acquiring T-Mobile from parent company Deutsche Telekom, AT&T will pick up an extra 34 million wireless customers, and will provide service to about 43-percent of all U.S. cell phones, making it the country's largest network operator. At the end of...

Twitter Acquires Tweetie, App Developers Hold Collective Breath

In 2009, Twitter managed to rake in considerable amounts of cash. Now, in 2010, it seems like it's finally ready to start spending some of that paper on serious expansion. As the New York Times reports, Twitter has agreed to acquire start up company Atebits, which owns the popular Tweetie app for iPhones and Macs. Although the final price of the acquisition wasn't disclosed, Atebits founder Loren...

Facebook Snatches Up FriendFeed

Facebook, not content to simply crush its direct competitors (e.g., MySpace), has snatched up social-network aggregator FriendFeed. FriendFeed gathers your blogs, your Twitter posts, your Flickr photos, your Delicious bookmarks, your Netflix queue -- pretty much anything you can think of -- and puts them all in one place for your friends to read, comment on, and share. The acquisition of...

Is Google Buying Twitter?

According to TechCrunch blogger and rumorist extraordinaire Michael Arrington, Google is beginning to negotiate the acquisition of microblogging site Twitter, which has seen a meteoric rise in popularity in recent months. While there is no word on a price tag, you can bet, if the negotiations are happening, that it will be a huge number. Why? Well, because a few months ago, Twitter turned down...

Is Helio Going Out of Business?

It ain't over until it's over, but we just got word that Helio store managers received notification this week that the axe is finally falling: (at least some of) the nationwide chain of retail stores will be shuttered during Virgin's takeover of Helio. As we've heard, "there is no 'merge' in this merger," so it sounds like after this year's big executive reshuffle, SK Telecom (which owns a...