Deals

Rumors that Facebook is deep into the process of purchasing Waze -- maker of a mobile satellite navigation app that leverages crowdsourced mapping and traffic tips -- are making the rounds. Facebook has apparently signed the terms and is conducting due diligence after six months of negotiations, acc...

T-Mobile on Wednesday announced that it had completed its merger with MetroPCS. The new company debuted on the New York Stock Exchange under the ticker "TMUS," ringing in a new start for the No. 4 U.S. mobile carrier. Under the terms of the deal, T-Mobile's parent company Deutsche Telekom paid Metro...

T-Mobile can breathe a sigh of relief: After an initial show of reluctance by MetroPCS Communication investors, 80 percent approved its sale to T-Mobile at a special shareholder meeting held on Wednesday. T-Mobile reportedly sweetened its bid for the company to bring on board those shareholders who ...

Thanks to countless conversations with reporters, I have developed a crystal clear idea of why Dish Network and SoftBank want to acquire Sprint Nextel. It has less to do with wireless carrier ambitions, and much more to do with the future -- being leaders in a new space that's still largely under th...

Dish Network set up a battle with SoftBank for ownership of Sprint after it bid $25.5 billion for the company on Monday. The bid consists of $17.3 billion in cash and $8.2 billion in stock. That works out to a combined premium of 13 percent over what SoftBank is offering. The merger will create an i...

Google has engaged the Behavio team in a "hiring exercise." The startup uses mobile sensors to collect data and predict behavior. Its technology recognizes data such as location, contacts, nearby destinations, recent phone activity, daily movement, and even surrounding physical information such as t...

Foursquare, the poster child for check-in tech when the trend was hot, announced this week that it has raised $41 million in a new financing round. The funding was provided by private-equity firm Silver Lake and existing investors Andreessen Horowitz, O'Reilly AlphaTech Ventures, Spark Capital, and ...

Microsoft confirmed on Monday that it has agreed to sell its Mediaroom IPTV platform business to Ericsson. The terms of the deal were not disclosed, but it should be completed in the second half of the year. Mediaroom is currently used to power many of the leading Internet television services includ...

The latest consumer electronics manufacturer to follow the store-within-a-store trend is Samsung, which announced Thursday that Best Buy will dedicate space within its U.S. showrooms and specialty stores for the Samsung Experience Shop, an area dedicated to the company's products and demonstrations....

The IT industry is no stranger to youth worship, but Yahoo's multimillion-dollar deal for Summly pushes that notion into cradle-robbing -- well, high school-robbing, anyway -- territory. That's because the punchline beneath the headlines is the age of Summly founder. Nick D'Aloisio, 17 -- and a litt...

Michael Dell, CEO of the PC maker that bears his name, may be considering a buyout offer from the Blackstone Group -- a bid that competes with a deal he put together himself -- but only with some serious strings attached. Apparently he not only wants the company to retain the Dell moniker, but also ...

Amazon announced Thursday that it had acquired Goodreads, the social networking site for bibliophiles. Goodreads will join Amazon's other online book communities, Shelfari and LibraryThing, as the retailer looks to expand its social insight into what book lovers are buying and sharing. Since its lau...

Apple has slammed the door on WiFiSLAM after acquiring the Android indoor location positioning developer. However, even though it has closed the startup's shop, Apple will likely use its technology to get mapping again. When Apple released its outdoor mapping service with last year's debut of iOS 6,...

Yahoo has paid a reported $30 million for Summly, a newsreader app founded by 17-year-old programming prodigy Nick D'Aloisio. The move makes D'Aloisio, based in London, both an instant multimillionaire and Yahoo's youngest employee. The Summly app, which delivers 400-character summaries of news stor...

Dropbox announced Friday it has inked a deal to acquire Orchestra, owner of the popular Mailbox iOS email app that aims to help users with crowded in-boxes simplify their lives. The Mailbox app's 14-person team will join Dropbox, but will continue to develop separately as its own app. Though new to ...