Feb 10

CSR gobbles up GPS chipmaker SiRF

Posted in: gps, merger, Today's Chili

Well, it looks like a few pesky patent issues weren’t enough to keep CSR, mostly known for its Bluetooth chips, from snapping up omnipresent GPS chipmaker SiRF, with the two companies today announcing that they’re set to fully combine their companies into one giant chipmaking operation. Under the all-share transaction valued at some $132.7 million, SiRF shareholders will get 27 percent of the newly formed company, to be known as CSR, while two SiRF directors will also get seats on the CSR board. Any further details are a bit hard to come by but, as CNET’s Business Tech points out, CSR has increasingly been focusing on all-in-one solutions combining Bluetooth, WiFi, and whatnot, so it would stand to reason that SiRF’s GPS know-how could be added to the mix.

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CSR gobbles up GPS chipmaker SiRF originally appeared on Engadget on Tue, 10 Feb 2009 20:58:00 EST. Please see our terms for use of feeds.

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Jan 14

Toshiba said to be nearing deal to buy Fujitsu’s hard drive business

Posted in: hard drive, HardDrive, merger, Today's Chili, Toshiba

Hitachi may be out of the picture (if it was ever actually in the picture to begin with), but it looks like Toshiba is now very close to buying Fujitsu’s hard drive business in a deal that’s reported to be worth between 30 and 40 billion yen, or anywhere from $335 to $447 million. That would make Toshiba the world’s largest supplier of hard drives for laptops and, according to Reuters, it could be all but a done deal by the end of the month, if a supposed meeting between company execs planned for this week goes as expected. The deal wouldn’t include Fujitsu’s plant in Nagano Prefecture, however, or the hard drive operations of its Yamagata Fujitsu subsidiary — those would apparently be sold off separately for some extra cash if Fujitsu decides to exit the hard drive business altogether.

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Toshiba said to be nearing deal to buy Fujitsu’s hard drive business originally appeared on Engadget on Wed, 14 Jan 2009 21:39:00 EST. Please see our terms for use of feeds.

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Jan 09

Verizon completes Alltel acquisition, now covers 83.7 million customers as nation’s largest wireless network

Posted in: breaking news, BreakingNews, merger, Today's Chili, verizon, Verizon Wireless, VerizonWireless

As promised, Verizon and Alltel tied the knot today, in a $5.9 billion acquisition, plus $22.9 billion of Alltel debt. Combined they form the nation’s largest wireless carrier, with 83.7 customers (12.9 of those from the Alltel fold). For the time being, Alltel customers can sit tight and continue to use their devices and service plans as usual, with re-branding operations to happen Q2 and Q3 of 2009.

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Verizon completes Alltel acquisition, now covers 83.7 million customers as nation’s largest wireless network originally appeared on Engadget on Fri, 09 Jan 2009 10:49:00 EST. Please see our terms for use of feeds.

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Jan 04

Verizon and Alltel to join in holy matrimony January 9th

Posted in: breaking news, BreakingNews, merger, Today's Chili, verizon, Verizon Wireless, VerizonWireless, vzw

Following a good half year of courtship while the regulatory miscellany ran its course, Verizon’s finally ready to take the plunge and call this $5.9 billion deal done. The combined juggernaut will amass a staggering 78 million subscribers, putting it roughly 3 million ahead of its closest rival, AT&T, though it’ll do so at the cost of assuming some $22.9 billion in Alltel debt. Ultimately, the merger means some positions at Alltel headquarters in Little Rock, Arkansas will get axed — but hey, AT&T Mobility HQ’s just a stone’s throw away in Atlanta, so Verizon’s headcount loss could ultimately be AT&T’s gain.

[Via Phone Scoop]

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Verizon and Alltel to join in holy matrimony January 9th originally appeared on Engadget on Sun, 04 Jan 2009 22:49:00 EST. Please see our terms for use of feeds.

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