takeovers
Latest
Beats buyout of MOG worth $14 million, splits company not-so-neatly into two
More official details are emerging from Beats Electronics' acquisition of MOG, and they paint a considerably messier picture of the deal than we saw just a day ago. HTC (which has a big stake in Beats) has confirmed that the move into streaming music was worth $14 million -- not a whole lot considering that MOG had raised $33 million through its entire independent lifetime. The low price might come as the result of Beats being very surgical with its deal. The Jimmy Iovine- and Dr. Dre-founded outfit is taking control of the core audio service as a separately-managed company, while the ad and music blog components are mostly left untouched. MOG's loss of independence is coming on a very ignominious note as a result, but it could be good news for subscribers anxious about the service's future as well as HTC phone owners wondering just where Sense UI's Beats integration might go next.
Samsung buys Nanoradio, hints at very low-power WiFi in your next Galaxy
Samsung hasn't had a lot of need for hardware acquisitions as of late, so it's a bit of a surprise that the company has snapped up chipset manufacturer Nanoradio. Neither side has outlined the terms of the deal or the exact plans. Nanoradio is best-known for "ultra low power" WiFi in phones and other mobile devices, however, so we'd venture that Samsung is looking to improve the performance of its own wireless-laden smartphones and tablets. Don't be surprised, then, if your next Galaxy S or Galaxy Tab is a little gentler on the battery while you're on the local coffee house hotspot.
China clears Google acquisition of Motorola, eliminates last barrier to Googorola bliss (update)
The final significant roadblock to Google's buyout of Motorola has been cleared, as Chinese regulators have just given their rubber stamp. Their approval follows a few months after the simultaneous American and European clearances, and virtually all that's left now is to formally close the deal and start integrating the two mobile giants. It might still come too late for the combined entity to present a united front at Google I/O, but at least they won't have any awkward glances at each other across the room. We're just trying to decide on whether or not Googorola is the best pet name for the loving, $12.5 billion-dollar Android union. Update: Google has since told the AP that the deal will likely wrap up early next week, so Motorola should be part of the family well in advance of Google I/O. Also, Google has to keep Android freely usable by anyone for at least five years, although no one was expecting that to change anytime soon.
Auction House manipulation: how far is too far?
Over the past few weeks, I've heard now of two different AH plots coming to fruition. A while back, Seth sent us a tip about a character named Zygar on Maelstrom who'd bought out every single item on the AH that was selling for less than 2g, and relisted it at 2g. Apparently it worked (because lots of people were willing to spend 2g on that stuff), but it didn't make lowbies happy, because they didn't have that kind of money to spend on the items they wanted.And yesterday, I heard from Cheryl, who told us about Flaggen on Kirin Tor-- he did the opposite, and started way undercutting the other jewelcrafters on the realm. Another interesting idea, and one that's also working, because he's outselling (obviously) every other jewelcrafter out there.Is this kind of AH manipulation "griefing"? Should Blizzard step in when one character, either by sending prices high or low on the AH, changes the whole economic system on a realm? I'd think not-- these economies were designed by Blizzard to be run and controlled by players, and all the players on a realm can stop this kind of thing easily-- just stop buying from Flaggen (if you disagree with him, although some players have rightfully pointed out that what he's doing drives down prices for the gem customers) or the guy on Zygar. But on the other hand, great discrepancies in the amounts of gold at level 70 vs. the lower levels (buying out all the items below 2g probably wasn't possible before Outland) could classify this as griefing, and cause Blizzard to step in-- perhaps by limiting the amount of auction purchases by one character. What do you think? How laissez-faire should Blizzard be about AH takeovers like this?[ Thanks Cheryl and Seth! ]
eMachines founder to buy Packard Bell from NEC
You know how some things go out of fashion here in the US, but they continue to live on in Europe? We're talking about things like Speedos, very colorful shirts and house music. In the computer biz, add Packard Bell to that list. As we reminded you back in late June, Packard Bell withdrew from the American market in 1999, but has remained successful in Europe under the direction of NEC. Well, yesterday, the company announced that its sale of its beloved subsidiary to eMachines founder Lap Shun Hui should be complete by the end of the month. No word on how much LSH offered for PackBell (The Wall Street Journal quoted estimates of as much as $87 million) but the head of the company, Aymar de Lencquesaing told The New York Times that its annual revenue last year was about $1.9 billion and added the company is "slightly profitable." Lap Shun Hui also offered to buy Gateway for $450 million, but was turned down by that company's board of directions. We guess Mr. Hui doesn't take well to rejection -- either way, we expect to spot him bumping to house music in an Amsterdam nightclub any day now.
