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NYT: EA tried to buy Valve
EA has tried "over the years" to buy out Valve, the New York Times reports. These talks, had they ever reached negotiation, would have valued Valve at "well over $1 billion," NYT says, which is most likely a ridiculous understatement.Valve is a private company controlled by founder Gabe Newell, who doesn't release any of its financials, but Wedbush Securities analyst Michael Pachter estimates Valve is worth $2.5 billion today.Newell says it's likely Valve's employees would scatter and the company would "disintegrate" before it would be sold."It's way more likely we would head in that direction than say, 'Let's find some giant company that wants to cash us out and wait two or three years to have our employment agreements terminate,'" Newell says.
Fujitsu buys out Toshiba's stake in mobile joint venture, division now called Fujitsu Mobile Communications
April 2, 2012: a great day to officially wash your hands of an unprofitable business. On the heels of Philips stuffing its TV biz into a joint venture, Fujitsu announced it has bought out Toshiba's stake in Fujitsu Toshiba Mobile Communications (just like we knew it would). Fujitsu already had a controlling 80.1 percent interest in the company, so this doesn't exactly mark a seismic change in management. Still, with that final 19.9 percent it's now a fully owned subsidiary of the Fujitsu Group, and has been rechristened Fujitsu Mobile Communications. We've got the PR below, but unless you want to know how much capital the division has (¥450 million, to be exact), we think we've got you covered on the facts.
US gives its blessing to Google's Moto purchase
When it rains, it pours. Just hours after European regulators gave the green light to Google to snatch up Motorola Mobility, the US Justice Department gave the couple its own blessing. The $12.5 billion purchase has drawn serious scrutiny from both regulators and Big G's own partners, though, consensus seems to be that Mountain View is more interested in Moto's patents than in entering the hardware business. Though the Justice Department doesn't see the merger as an immediate threat to competition, it did issue a stern warning that it "will not hesitate to take appropriate enforcement action to stop any anticompetitive use of SEP (standard essential patent) rights." The concern is an understandable one since all the major players in the mobile space, Motorola included, have been at each other's legal throats for some time now. There are still a few more interested parties who will have to give their own consent to the combination including China, Israel and Taiwan. But, with two of the biggest potential blockades giving Google the thumbs up, it's looking more and more likely that the purchase will go through.
Rakuten completes purchase of Kobo
It's been just over two months since Rakuten announced its intention to snatch up all of Kobo's shares for $315 million, following the collapse of the eReading company's primary retail partner -- Borders. Even though its new parent company is based out of Japan Kobo's headquarters will remain in Toronto. The two were also quick to tout the potential expanded marketplace that will be available to Kobo thanks to the popularity of Rakuten's various properties, including Buy.com. If you're particularly curious about the deal you can check out the PR after the break.
Sony nearing deal to move cellphone operations in house, buy out Ericsson's half
Sony is getting tired of sitting idly in sixth place in the battle for cellphone supremacy. Sure, there have been a few noteworthy devices from the company's joint venture with Ericsson (i.e. the Arc), but for the most part it has struggled since its inception in 2001 to run with the alpha dogs. The Japanese manufacturer's new strategy involves buying out Ericsson's stake in the company and having its tablet, smartphone and handheld gaming units work closely together to develop future products. According to the Wall Street Journal, a deal for the Stockholm company's half of the venture is nearing completion. Some difficulties remain, such as properly valuing the company and settling on a price for Ericsson's roughly $1.3 to $1.7 billion worth of mobile technology patents, but a deal is expected to be reached sooner rather than later. And maybe, just maybe, the new found flexibility will allow Sony handsets to keep pace with the Samsungs and Apples of the world.
Disney looking to buy out Faxion Online developer
Disney could become a major player in the future of Faxion Online if it goes ahead with a proposed deal to buy out the rest of UTV Software Communications' stock. Currently, Disney has a majority stake in the company -- 50.4% -- but this move would bring it up to a nice round 100%. The Ignition Entertainment label would fall under this deal, which has already been struggling with numerous layoffs and studio closings. We recently reported that UTV Ignition had to cut a good portion of its programming, maintenance, and customer service staff as part of these problems. Whether or not this deal will prove a boon or a hammer blow to Ignition remains to be seen. Disney has previously closed down developers Black Rock and Propaganda Games, although Mickey's parent company is looking to move in the direction of more social and casual gaming. We'll keep a close eye on this deal to see how it plays out.
Panasonic's Sanyo and PEW buyout official: subsidiaries for life
Congratulations, Panasonic, you're now the adoptive father of two companies, Sanyo and Panasonic Electric Works. We know, the plan's been all but confirmed since July, but it's nice to see the deal go through and all the necessary paperwork signed. Both now-wholly-owned subsidiaries (through a share exchange that commenced today) are scheduled to be de-listed from the Tokyo Stock Exchange on March 29th, 2011, and after that... well, independence was fun while it lasted, eh chaps?
