Hasta La Gadget!

We’re firmly of the belief that SSDs are our future and Samsung would seem to agree. The Korean electronics giant has just announced that it’s selling its hard disk drive-manufacturing arm to Seagate Technology for a neat $1.375 billion in equal measures of cash and stocks. As a result, Samsung Electronics will own approximately 9.6 percent of Seagate and get to nominate one new member to join Seagate’s Board of Directors, while the two companies have further agreed to deepen their strategic relationship with related cross-licensing and supply stipulations. Samsung will provision Seagate’s solid state drives with NAND flash memory, whereas Seagate will furnish Samsung’s PCs and consumer electronics products with hard disk storage. The deal is expected to complete in full by year’s end and you can read all about it in Seagate’s press release after the break.

[Thanks, Pavel]

Continue reading Samsung sells HDD division to Seagate for $1.375 billion

Samsung sells HDD division to Seagate for $1.375 billion originally appeared on Engadget on Tue, 19 Apr 2011 05:04:00 EDT. Please see our terms for use of feeds.

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The United States government may be dissolved tomorrow, but it’s certainly taking care of one final piece of business before going into shutdown: this. If you’ll recall, Google announced its intentions to acquire ITA for $700 million in July of last year, and as we cruise into the start of America’s summer travel season, all signals are go. Today, the US Department of Justice approved Google’s request to move forward with the buy, but rather than having the entire travel search market under its wing, El Goog’s going to have to make a smattering of concessions in order to get the right signatures. For starters, the search monolith will allow ITA’s existing client contracts to extend into 2016, and it’ll let both current and new customers license ITA’s QPX software on “fair, reasonable and non-discriminatory terms.” No one’s saying when the integration will be complete (or start, for that matter), but we’re desperately anxious to see just how Kayak and Bing Travel react after this launches in earnest. Power to the searchers, as it were.

US DoJ approves Google’s acquisition of ITA, but not without stipulations originally appeared on Engadget on Fri, 08 Apr 2011 17:06:00 EDT. Please see our terms for use of feeds.

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We’ve yet to see any sort of official announcement, but folks have been flooding various deal sites with reports that Verizon is now selling the original iPad for just $299.99 in-store. That’s for the 16GB WiFi-only model, of course, but the 32GB and 64GB models have also apparently been discounted to $399.99 and $499.99, respectively. As you might suspect, however, there’s also plenty of reports of Verizon already being sold out, so you might not want to waste much time if you’re thinking about taking the plunge. MiFi sold separately, of course.

Verizon now selling original iPad for as little as $300 originally appeared on Engadget on Fri, 25 Mar 2011 12:53:00 EDT. Please see our terms for use of feeds.

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There’s always one. Back in the winter of 2009, Senator Kerry made public his request for Fox and Time Warner to keep the Bowl Games online, and one Chuck Schumer took to writing an open letter to Steve Jobs regarding the iPhone reception woes that eventually led to a dedicated press event (mostly) disputing the matter. Now, Minnesota Senator Amy Klobuchar is urging the FCC and DOJ to “take a close look at the proposed AT&T and T-Mobile merger,” noting that the outcome would undoubtedly have a huge impact on consumer choice, price and service in the wireless industry.

Of course, it’s not like these two wouldn’t be doing just that in the coming months, but it’s good to see a fire starting early in Congress to make sure due diligence is done. Having a carrier that provides service to 42 percent of all US wireless subscribers has the potential to seriously shift the economics of things, and potentially more interesting are the implications of a rejection. In fact, many are suggesting that AT&T will likely have to sell off major assets and promise expansion to rural / poor areas in order to gain approval, which ties in nicely to Verizon Wireless CEO Dan Mead’s own comments regarding concessions. We’re also hearing that regulators could take as long as 18 months to fully investigate, and you can bet we’ll be following the play-by-play as it all unfolds.

Senator asks DOJ and FCC to do their jobs, provide friction for AT&T / T-Mobile tie-up originally appeared on Engadget on Tue, 22 Mar 2011 09:58:00 EDT. Please see our terms for use of feeds.

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If you thought Verizon Wireless and Alltel’s marriage underwent a good bit of scrutiny, you’ll soon be swearing that Vimpelcom and Wind Mobile are on some sort of global watch list. The Amsterdam-based Vimpelcom has taken a giant leap towards the completion of a $6 billion merger with Wind Telecom, the latter of which has around 117 million subscribers spread across Algeria, Bangladesh, Egypt, Pakistan, North Korea and Canada. If and when the two link hands, the combined effort will be home to a staggering 173 million customers, creating the fifth largest mobile operator by subscriber count. Wind Mobile’s head honcho seems more than enthused about the news, and he’s hoping that the tie-up will allow prices to sink for just about everyone involved. Claiming feats such as “more access to international cooperation for roaming and long distance services” and the ability to utilize “more leverage and increased scale” to drive down prices, Anthony Lacavera isn’t showing any public signs of worry when it comes to regulatory hurdles. In months past, the CRTC took issue with Globalive Wireless — operator of Wind Mobile — starting up in Canada, primarily due to the company’s largest lender (Orascom) residing outside of the Great White North. As of now, things seem to be sailing right along, but you can bet this marriage won’t be formally recognized before a borderline-obnoxious amount of investigating goes down behind the scenes.

[Thanks, Kelvin]

Vimpelcom moves forward with $6 billion Wind Mobile merger, intends to hurdle regulatory snags originally appeared on Engadget on Fri, 18 Mar 2011 11:19:00 EDT. Please see our terms for use of feeds.

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