Money Matters - Simplified

Mergers & Acquisitions

Apple Confirms Its Acquisition Of Prime Sense, 3D Sensor Company

Apple has put a full stop to an array on speculations and rumors that were circulated few days back that it has sealed the deal with Prime Sense, the 3D sensor company based in Israel. While the reports earlier conveyed that the transaction would cost anywhere between $300 million to $350 million, the actual figure of the transaction was a whopping sum close to $360 million though the real money involved in the deal is not disclosed.

$9 billion order deal between Airbus and JAL

Airbus has entered into a ground-breaking deal with Japan Airlines Co. So, it has managed to enter into a terrain that had been captured by Boeing Co. for a very long time.

Will Microsoft and Nokia Agreement of $7.2 billion be profitable?

The Finnish multinational company,Nokia Oyj, has wrapped up its handset business that it once ruled and dominated. Recent updates from the company's arena is that Microsoft Corp. is in a deal with Nokia to buy NOK1V's handset business for 5.44 billion euros ($7.2 billion).

Wikipedia access free for Aircel Mobile users!!

Good news for the Aircel users!! Wikimedia Foundation has joined hands with Aircel, the Indian mobile operator. The Aircel customers can smile as Wikipedia mobile websites can be accessed free of cost

Tech Mahindra becomes the fifth-largest Indian IT service provider

Two IT services Tech Mahindra and Mahindra Satyam (Satyam Computer Services ) formally completed the official merger on Tuesday. Announcement of the amalgamation comes four years after the Mahindra group acquired fraud-hit Satyam Computer Services.

Motorola comes out clean against Microsoft's patent allegation

The company won a lawsuit case against Microsoft in a German court.

Once start up giant 'Digg' sold for mere $500,000

Digg, the 'social news' site which was once the poster child for Web 2.0 and valued at up to $175m, has been sold to New York technology development company Betaworks for just $500,000 (£324,000) in cash plus equity.

Facebook acquires facial recognition startup for $ 100 million

Finally all speculations have been put to rest. Facebook has announced its acquisition of Israeli facial recognition technology The acquisition price was around $100m, with different reports claiming the price to be between $80m-$100m.

AT&T to offer to sell up to 40 percent of T-Mobile -- Bloomberg

AT&T Inc. (NYSE:T) is planning to offer to divest a large chunk of T-Mobile USA to gain clearance from the Department of Justice (DOJ) for its takeover, Bloomberg reported citing a person familiar with the plan.

AT&T withdraws merger application, to take $4 billion charge

AT&T Inc. (NYSE:T) and Deutsche Telekom AG, the parent of T-Mobile, have withdrawn their applications with the Federal Communications Commission (FCC) after the agency's chairman moved to thwart AT&T's acquisition of T-Mobile USA.