Looks like Western Digital’s acquisition of SanDisk is moving forward, as the hard drive maker’s shareholders have given a green light to offer common stock as part of the SanDisk deal. In turn, SanDisk’s shareholders have also approved of the Western Digital acquisition, making the transaction a done deal thus far. Western Digital’s shareholders held a special meeting on Tuesday. Around 90% of the shareholder group voted in favor of the stock issuance in the SanDisk deal. However, that number is merely a preliminary account, as the company will release the actual numbers in a Current Report on Form 8-K to be filed with the
Foxconn (Hon Hai Precision Industry Co., Ltd.) is the largest producer of electronics in the world, but it spent most of its corporate history manufacturing items for western brands. As such, the company is mostly known for producing the vast majority of Apple iPhones and the vast number of other Apple products ((iPads, MacBooks shift manufacturing from OEM to OEM on annual basis). However, just like TCL was not happy with being an unknown brand in the west (reacted by purchasing Alcatel), Foxconn wants to become a household name. In order to realize their plan, Foxconn senior management seems to be venturing into the acquisition of Sharp –
Cathay Financial Holding continued its acquisition in Asian nations while the government also encouraged so
Qualcomm says acquisition will help it solidify its presence in growing markets.
French telecom company Iliad today announced their intention to pull their second offer for the acquisition of T-Mobile from parent company Deutsche Telecom
We’re not really sure what would possess someone to defend one of the most hated companies in America, but Forbes contributor Gene Marks went ahead and did just that. He claims not to be a shill of Comcast in any way shape or form (even though they’ve been shown to pay for positive pieces). They also recently cancelled a promotional event at a legislator’s house, the same legislator that proposed a bill in Kansas to block municipal broadband after the Kansas City Star contacted them about the event. Comcast has also made sure that their lobbying efforts are strong and effective as they’ve effectively got
Level 3 Communications has announced that they will be buying the former Time Warner Cable internet service for enterprise division (TW Telecom) for $5.6 billion ($7.3 billion with debt), further increasing their size and scope. Some news sites have made the mistake saying that Level 3 Communications is buying Time Warner Cable, which is simply not correct. TW Telecom was started as a joint venture between Time Warner Cable and US West which is now a part of Centurylink. However, TW Telecom has operated as an independent entity for quite some time and is publicly traded on the NASDAQ as TWTC. The deal is currently
Once again, the T-Mobile and Sprint deal continues to move forward now that we have an actual purchase price. The Wall Street Journal is reporting that the general terms of the deal between Sprint and T-Mobile have been worked out and that the two companies have agreed to a $32 billion sale of T-Mobile, which actually seems a bit low when you consider that T-Mobile’s current market cap is $27 billion and they are getting a mere 20% premium over their current price. This deal has gotten a lot of regulatory flak before it ever happened and will likely continue to as the two companies try