Deals

Sprint Nextel, Clearwire Form $14.5 Billion WiMax Company

Authored by Mark Hefflinger on May 7, 2008 - 8:55am.

Reston, Va. - Following months of negotiations, Sprint Nextel (NYSE: S) said on Wednesday that it will combine its WiMax business with that of Clearwire. The resulting $14.5 billion company, which will retain the name Clearwire, will focus on deploying the first nationwide mobile WiMAX network, which promises wireless speeds comparable to those of broadband. The companies also said they have landed $3.2 billion in investments toward the project from Intel Capital, Google (NASD: GOOG), Comcast (NASD: CMCSA), Time Warner Cable (NYSE: TWX) and Bright House Networks.

All Things D On Microhoo Backlash and Backpedaling

Authored by Jay Baage on May 6, 2008 - 10:37am.

I think it's pretty interesting to see how this one plays out... Good vlog from John Paczkowski at All Things Digital today about the whole Microsoft/Yahoo deal debacle.

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tags: Deals |

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Acquisitions by Sector:
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Atari Shares Delisted from Nasdaq

Authored by Mark Hefflinger on May 9, 2008 - 7:52am.

New York - Video game publisher Atari (NASD: ATAR), which last week agreed to merge with its major shareholder, France-based Infogrames, announced on Friday that the Nasdaq has delisted its shares, effective today.

Circuit City: Icahn Could Acquire Company if Blockbuster Can't

Authored by Mark Hefflinger on May 9, 2008 - 7:38am.

Richmond, Va. - One month after revealing an unsolicited $1 billion takeover bid from Blockbuster (NYSE: BBI), consumer electronics retailer Circuit City (NYSE: CC) said on Friday that it will open its books to the video rental giant in preparation for a potential acquisition.

Smartphone Content Firm Viigo Adds $1.5M to First Round

Authored by Mark Hefflinger on May 9, 2008 - 7:31am.

Toronto - Viigo, a provider of mobile content applications for smartphones, said on Friday that it has received a $1.5 million follow-on investment to its first round of financing, from RBC Venture Partners.

dotMobi Acquires Mobile Browsing Technology from Mowser

Authored by Mark Hefflinger on May 9, 2008 - 7:04am.

San Mateo, Calif. - dotMobi, a provider of Internet addresses for mobile phones, said on Friday that it has acquired the technology assets of Mowser, a developer of mobile Web browsing technology.

Live Universe Acquires TV Listings, Video Site MeeVee

Authored by Mark Hefflinger on May 8, 2008 - 11:51am.

Los Angeles - Live Universe, the company started by MySpace founder Brad Greenspan, has acquired MeeVee, a provider of TV and online video listings, for an undisclosed sum, TechCrunch reports.

RealNetworks to Spin Off Casual Games Business; May Make IPO

Authored by Mark Hefflinger on May 8, 2008 - 11:15am.

Seattle - RealNetworks (NASD: RNWK) announced on Thursday that it will spin off its casual games business, and distribute shares in the newly created company to its shareholders.

Best Buy Pays $2.1 Billion for 50% Stake in Carphone Warehouse

Authored by Mark Hefflinger on May 8, 2008 - 9:26am.

London - U.S. consumer electronics and media retail chain Best Buy (NYSE: BBY) announced on Thursday that it paid $2.1 billion to acquire 50% of the Carphone Warehouse, a mobile phone retailer that counts over 2,400 stores in nine European countries.

Video Distribution Firm KIT digital Lands $15 Million

Authored by Mark Hefflinger on May 8, 2008 - 7:12am.

Dubai - KIT digital (formerly ROO Group), a provider of video distribution and interactive marketing services, announced on Thursday that it has raised $15 million through a private placement of equity.

Web Entertainment Portal Giant Realm Lands $2 Million

Authored by Mark Hefflinger on May 8, 2008 - 7:05am.

New York - Giant Realm, an online entertainment portal whose sites target males 18-34 and attract 4.2 million unique monthly visitors, announced on Thursday that it has received a $2 million investment from SoftBank Capital.

Mobile Entertainment Distributor PlayPhone Merges with Pitch

Authored by Mark Hefflinger on May 7, 2008 - 7:57am.

San Jose, Calif. - PlayPhone, a mobile entertainment content distributor, announced on Wednesday that it has merged with U.K.-based Pitch Entertainment Group.

Web-based Ad Agency Spot Runner Gets $51 Million

Authored by Mark Hefflinger on May 7, 2008 - 7:29am.

Los Angeles - Spot Runner, a Web-based advertising service that helps local businesses create ads and place them on TV and radio, announced on Wednesday that it has raised $51 million in new financing.

"Intellectual" Video Site FORA.tv Lands $4 Million

Authored by Mark Hefflinger on May 7, 2008 - 7:03am.

San Francisco - FORA.tv, a video site that specializes in political and cultural content, has raised $4 million in its first round of funding, from Adobe Ventures, William Randolph Hearst III and others, Beet.TV reported.

Personalized Content Search Firm Jinni Raises $1 Million

Authored by Mark Hefflinger on May 7, 2008 - 6:36am.

Herzliya, Israel - Jinni, a developer of personalized content search and discovery technology, has raised a $1 million first round of financing from Start-Up Factory, Globes Online reported.

P2P Video Delivery Firm Kontiki Completes Split with VeriSign

Authored by Mark Hefflinger on May 6, 2008 - 10:14am.

Mountain View, Calif. - Kontiki, the developer of a managed peer delivery platform for video and digital content, said on Tuesday that it has completed its split from parent VeriSign.

tags: Deals | Video | P2P | Kontiki | VeriSign | CDN |

Buzznet Acquires Web Music Community Absolute Punk

Authored by Mark Hefflinger on May 6, 2008 - 8:47am.

Hollywood, Calif. - Buzznet, a music-focused social media community, on Tuesday announced that it has acquired yet another music site, this time purchasing alternative music Web zine Absolute Punk for an undisclosed sum. The deal follows Hollywood-based Buzznet's recent acquisitions of music blogs Stereogum and Idolator, and a $25 million round of financing earlier this year from investors that included Universal Music Group.

Mobile TV Firm ROK Buys IPTV Provider Jalipo for $16.8 Million

Authored by Mark Hefflinger on May 6, 2008 - 8:02am.

London - ROK Entertainment Group, a provider of mobile TV delivery technology, announced on Tuesday that it has acquired Jalipo Ltd, a U.K. provider of IPTV services, through the issuance of 600,000 ROK shares in a transaction valued at about $16.8 million.