Google outbid itself by 33 percent in Motorola Mobility acquisition, SEC filing reveals

Google’s acquisition of Motorola Mobility is already starting to lose that new car smell, but a fresh batch of financial details has now emerged, providing deeper insight into how the deal actually went down. According to an SEC filing that Motorola Mobility released yesterday, Google made an initial offer of $30 per share on August 1st, but soon raised that bid to $37 per share on August 9th, after Moto and its advisers asked for $43.50. On that same day, Google again raised its offer to $40 per share, even though Motorola wasn’t accepting bids from other firms, for fear that a public auction would jeopardize its sale. This 33 percent increase ultimately added some $3 billion to the pot, bringing the final price tag to $12.5 billion. A Mountain View spokeswoman declined to comment on the negotiations, though its aggressive bidding suggests that the search giant desperately wanted the deal to go through. The documents also reveal that patent-related issues were at the forefront of discussions from the very beginning, when Google’s Senior Vice President Andy Rubin met with Motorola Mobility CEO Sanjay Jha to talk about their mutual concerns, way back in July. According to the Wall Street Journal, these talks eventually convinced Jha that his company would be better off under Google’s stewardship, amid fears that Moto could get swallowed by the stormy seas of patent litigation — anxieties that the exec made all too apparent just four days before the merger was announced. You can dig through the full SEC filing at the source link below.

Google outbid itself by 33 percent in Motorola Mobility acquisition, SEC filing reveals originally appeared on Engadget on Wed, 14 Sep 2011 04:45:00 EDT. Please see our terms for use of feeds.

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SanDisk working to push SSD power consumption lower, squeeze more juice out of your battery

SanDisk SSD

First things first: we really need to sit down with the tech industry and have a conversation about effectively naming things. Which brings us to our next order of business: SATA DEVSLP. SanDisk is working with other companies, like Intel, Microsoft and Samsung, to develop this new standard which will drive SSD power consumption much lower than current levels. Some drives already support the cornerstone of the standard — a new super low-power mode that draws only 50mW of juice. SATA DEVSLP would keep the storage in that energy-sipping state the majority of the time, extending battery life for Ultabooks, tablets, or whatever other gadgets may come along. Guess we know one trick Intel plans to use to reach that promised 10-days of connected standby time. Check out the PR after the break.

Continue reading SanDisk working to push SSD power consumption lower, squeeze more juice out of your battery

SanDisk working to push SSD power consumption lower, squeeze more juice out of your battery originally appeared on Engadget on Tue, 13 Sep 2011 17:44:00 EDT. Please see our terms for use of feeds.

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Broadcom buys NetLogic Microsystems for $3.7b in cash, hopes to add more processors to lineup

You’ve probably never heard of NetLogic Microsystems, but you can bet that its technologies may very well end up in your next smartphone, tablet or vehicle. Broadcom has just announced its intentions to pick up the aforesaid company for a cool $3.7 billion in cash, with the “definitive merger agreement” already approved by the boards of both. According to Broadcom, the deal will extend its portfolio with “a number of critical new product lines and technologies, including knowledge-based processors, multi-core embedded processors, and digital front-end processors,” and according to a televised CNBC interview with president and CEO Scott McGregor, he’s hoping to extend Broadcom’s reach in the automotive industry. His view? We’re getting dangerously close to streaming television (and more) to a serious quantity of motorcars, but beyond wild aspirations, there doesn’t seem to be too many hard plans being made public. The full release is hosted up after the break.

Continue reading Broadcom buys NetLogic Microsystems for $3.7b in cash, hopes to add more processors to lineup

Broadcom buys NetLogic Microsystems for $3.7b in cash, hopes to add more processors to lineup originally appeared on Engadget on Mon, 12 Sep 2011 10:09:00 EDT. Please see our terms for use of feeds.

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HTC chairwoman Cher Wang: we might buy a mobile OS, if it feels right

Samsung seems to be the go-to company these days when it comes to mobile OS acquisition rumors, but now it looks like HTC’s on the proverbial hot seat. According to an interview by The Economic Observer in China, chairwoman Cher Wang has affirmed that HTC is at least mulling the idea: “We have given it thought and we have discussed it internally, but we will not do it on impulse.” The report goes on to make strong mention of HP’s recently-backstabbed webOS platform, but stops short of suggesting that it’s the only OS in the running. Continuing on, Wang stated: “We can use any OS we want. We are able to make things different from our rivals on the second or third layer of a platform. Our strength lies in understanding an OS, but it does not mean that we have to produce an OS.” Of course, that’s a cheerleading session surrounding the outfit’s polarizing Sense overlay, and we’re guessing that webOS would eventually look a heck of lot different under HTC’s control. On second thought, maybe Wang’s actually trying to acquire iOS — she sure seems to love those Apple stores!

HTC chairwoman Cher Wang: we might buy a mobile OS, if it feels right originally appeared on Engadget on Mon, 12 Sep 2011 09:09:00 EDT. Please see our terms for use of feeds.

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AT&T files response to DOJ suit, says regulators just don’t understand

AT&T&T

It’s no secret or surprise that AT&T is unhappy with the DOJ’s decision to try and block its merger with T-Mobile. But issuing public statements is one thing, officially filing papers in court is another. Ma Bell submitted a 25-page document arguing that the Justice Department’s claims represent a misunderstanding of the market and dismisses competition from “innovative upstarts,” like MetroPCS and US Cellular. AT&T’s lawyers point out that T-Mo, currently the fourth largest provider, has been losing customers for years and it’s German parent company may not be inclined to invest much in improving it. By contrast, AT&T has spent $30 billion over the last two years to boost network quality and capacity, yet still struggles to keep up with demand. We can’t say the arguments are without validity, but the government’s fear of a market dominated by just three companies with little incentive to innovate or drive down prices also seems well founded. Well, the pageantry officially gets underway on September 21st, when the US District Court hearings begin.

AT&T files response to DOJ suit, says regulators just don’t understand originally appeared on Engadget on Sat, 10 Sep 2011 12:46:00 EDT. Please see our terms for use of feeds.

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Nintendo on price reduction: no glasses required to see 3DS sales boost

The Big N has today confirmed our suspicions: people buy more things when they’re cheaper, and in turn, the laws of economics are still sound. The longer version is after the break.

Continue reading Nintendo on price reduction: no glasses required to see 3DS sales boost

Nintendo on price reduction: no glasses required to see 3DS sales boost originally appeared on Engadget on Fri, 09 Sep 2011 19:17:00 EDT. Please see our terms for use of feeds.

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AT&T may get a discount if T-Mobile bid concessions prove too expensive

When the DOJ blocked AT&T’s deal to snatch up T-Mobile, did you think Ma Bell would end up shelling out some ridiculous sum to lock things up? Well, the opposite may be the case — according to Bloomberg, the company can get a reduced rate if regulator’s requests become too pricey. A discount of sorts would be available to AT&T if the remedy to-do list surpasses 20 percent of the deal’s original $39 billion price tag (about $7.8 billion). Also of note here: the company could leave the proverbial table altogether if the concessions top the 40 percent mark, only owing a break-up penalty… and shelling out the $3 billion contingency fund to Deutsche Telekom AG.

AT&T may get a discount if T-Mobile bid concessions prove too expensive originally appeared on Engadget on Tue, 06 Sep 2011 22:18:00 EDT. Please see our terms for use of feeds.

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Switched On: The accidental handset company, Part 2

Each week Ross Rubin contributes Switched On, a column about consumer technology.

Last week’s Switched On discussed why Google’s ownership of Motorola is unlikely to bring major changes to the balance of power among Android licensees. But Motorola also has significant interests in the set-top market. And, of course, there’s the question of Android’s main licensed rival, Windows Phone 7. In both of those cases, though, there is also unlikely to be noteworthy change, reinforcing the acquisition as a purely defensive move. Read on for more.

Continue reading Switched On: The accidental handset company, Part 2

Switched On: The accidental handset company, Part 2 originally appeared on Engadget on Sun, 04 Sep 2011 18:00:00 EDT. Please see our terms for use of feeds.

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AT&T willing to make concessions to save T-Mobile merger, sources say

Now that the US government has moved to block its merger with T-Mobile, AT&T is gearing up for a long and potentially pricey legal battle with the Department of Justice. According to Reuters, however, the provider is also working on a settlement offer, in the hopes of bypassing the courtroom altogether. Sources close to the matter say AT&T will soon present its proposal to antitrust regulators, who are concerned that the company’s purchase of T-Mobile may hinder market competition. Details on the proposal remain vague, though it will likely include promises to keep T-Mobile’s low-cost data and calling plans, along with pledges to sell off some of its own assets. But some insiders say the carrier may have to sell up to 25 percent of T-Mobile’s business in order to put regulators’ minds at ease. AT&T has yet to comment on the report, though one of Reuters‘ sources claims that its lawyers are “pretty determined that they can find a solution, and they are pretty confident.”

AT&T willing to make concessions to save T-Mobile merger, sources say originally appeared on Engadget on Fri, 02 Sep 2011 02:56:00 EDT. Please see our terms for use of feeds.

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US government files to block proposed AT&T / T-Mobile merger (update: companies respond)

You heard right. Bloomberg is reporting that the United States government (!) just filed court papers in Washington, D.C. to block the much ballyhooed tie-up between AT&T and T-Mobile USA. Oddly enough, T-Mobile and AT&T promised this morning that a total of 5,000 jobs would be hand delivered to the US if the two telcos were allowed to become one, but it’ll take a heck of a lot more convincing now. For what it’s worth, this doesn’t mean that the deal is or isn’t happening — it’s just another step in the process — but it most certainly doesn’t bode well for proponents. Nor for AT&T’s share price.

According to the report, the Justice Department feels that the deal would “substantially lessen competition” in the wireless space. In fact, it boldly stated the following: “AT&T’s elimination of T-Mobile as an independent, low-priced rival would remove a significant competitive force from the market.” If things end up falling apart, it’s important to remember that AT&T would be forced to pay Deutsche Telekom $3 billion as a break-up fee, which ought to make Tiger Woods’ misfortunes look like an outright bargain.

Update: Full press release is now embedded after the break, and meanwhile, Federal Communications Commission Chairman Julius Genachowski has issued the following public statement: “Although our process is not complete, the record before this agency also raises serious concerns about the impact of the proposed transaction on competition.”

Update 2: Wayne Watts, AT&T Senior Executive Vice President and General Counsel, issued the following statement (seen after the break)…

[Thanks to everyone who sent this in]

Continue reading US government files to block proposed AT&T / T-Mobile merger (update: companies respond)

US government files to block proposed AT&T / T-Mobile merger (update: companies respond) originally appeared on Engadget on Wed, 31 Aug 2011 10:36:00 EDT. Please see our terms for use of feeds.

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