Copyright © 2016
Tag - Buyout
On Sunday, Apple confirmed that it had acquired precision global positioning company Coherent Navigation, a small business that worked on military-grade precision navigation systems, robotics, and autonomous navigation technology. Terms of the deal were not disclosed. Coherent, which was founded in 2008, "focused on creating commercial navigation services based on partnerships with companies like Boeing and Iridium, the satellite network operator," according to the former CEO's LinkedIn page.
The Department of Justice lawsuit against the proposed AT&T buyout of T-Mobile has finally received a solid schedule, with trial proceedings to officially begin on February 13. Judge Ellen Huvelle allocated six weeks for the trial, however lawyers representing both sides reportedly claimed that such a length would not prove necessary.
Google on Thursday officially confirmed its acquisition of the VoIP company Gizmo5. Unnamed sources leaked the information earlier this week, including the alleged $30 million price tag. The startup initially had been eyed by Skype, however the deal never materialized.
Yahoo's top executive, CEO Jerry Yang, could resign to avoid a forced departure ahead of a decisive shareholders meeting on August 1st, according to new
Yahoo's board of directors has taken a beating after the Microsoft buyout fiasco, with many leaving their positions as the company looks to restructure its business. The Wall Street Journal writes that Jeff Weiner, Vish Makhijani, Qi Lu, Usama Fayyad, Stewart Butterfield, and Caterina Fake are among those listed who will leave the company, with some saying they are looking for better opportunities with Russian search engine Yandex, and other destinations.
Microsoft appears to be siding with a hostile takeover approach to the current Yahoo situation, an insider revealed late Thursday. According to The Wall Street Journal, Microsoft has yet to give an official word either way, but could come to a final decision tomorrow. Microsoft CEO Steve Ballmer is faced with either pursuing hostile negotiations or backing away from the deal, as Ballmer himself admits that "the right circumstances" need to be present for it to happen.
Microsoft head Steve Ballmer has yet to come to a decision regarding the impending Yahoo takeover, as even his closest lieutenants are left wondering what he plans to do regarding Yahoo's silence. According to The Wall Street Journal, Ballmer's threats remain stagnant due to his unpredictable nature, leaving many in the industry questioning whether he plans to follow through with replacing Yahoo's board through its investors.
With little incentive to continue selling PowerPC-based chips, the US Department of Defense may plead its case against Apple following the announcement of the $278 million buyout of startup chipmaker PA Semi. The acquisition appears to be focused on the company's intellectual property and talent for reducing chip power consumption rather than its products, the report notes. Last week, the EETimes said that Apple may have to face the ire of the U.S. Department of Defense following its planned acquisition, as its customers expect Apple to end-of-life its current chips that are used in a wide variety of military devices.
Guy Kawasaki recently sat down with Microsoft CEO Steve Ballmer to talk about the Yahoo buyout offer, as well as the company's competition with Google and Apple. According to eWeek, Kawasaki wondered if Ballmer felt that Apple was like a little dog, biting at his heels that he had to kick away every day. Ballmer retorted that he did not, saying that both Apple and Microsoft do a "pretty good job", but ultimately, Microsoft has more of a "footprint" than Apple does.
Two Detroit-based pension funds sued Yahoo and its board today, the latest event in the escalating Microsoft-Yahoo buyout drama. Yahoo – who shocked investors by rejecting a $44.6 billion bid from Microsoft – frustrated the Detroit Police and Fire Retirement System, and General Retirement System organizations to the point where they are threatening litigation, because it is holding out on Microsoft's astounding offer, according to Reuters.
Now AAPL Stock: 93.7 ( -0.57 )
Complex date setting bug crashes 64-bit iOS device
A serious bug has been spotted with iOS devices running iOS 8 or newer, with a 64-bit processor. If a user disables auto-check time, and manually sets the date of a device back to as far as it will go, then again to January 1, 1970, and finally rebooting, the iPhone is crashed, perhaps terminally. The bug affects the iPhone 5s and newer devices, running a processor from the A7 and up. Theories abound as to the cause of the crash, but the most credible seems to be a clock set to less than an arbitrary "zero" date, causing all manners of routines relying on the time setting to fail during startup. http://bit.ly/1TV6psS
Weber buys iDevices' iGrill, Kitchen Thermometer
Cooking gear manufacturer Weber is purchasing iOS accessory manufacturer iDevices iGrill and Kitchen Thermometer lines. As part of the purchase, Weber is working in parallel with iDevices to roll out a new version of the products, and associated apps, this spring. The terms of the deal were not disclosed. CEO of iDevices Chris Allen said that the transition will allow the company to "focus even more heavily on becoming a leader in the home automation market." http://bit.ly/1PFk3uZ
Vevo music video app launched for Apple TV
Vevo today announced its new native tvOS app for the fourth generation Apple TV. The new app allows users Siri Remote navigation for discovery of top videos by genre, or to search for individual artists and videos. Playlists generated on another device sync between all the iterations of the app. http://apple.co/1PFhxEU
HydraDock team unveils USB 3.1 Type C Roadie
KickShark, the team that brought the HydraDock desktop USB-C dock to market, has launched a Kickstarter project for The Roadie -- a USB 3.1 Type C standard-compliant pocket hub for the 12 inch Apple MacBook and other compatible devices. The Roadie occupies the same footprint on a desk as a credit card, with a short USB-C male cable on one end for connecting to a 12 inch MacBook, and a female USB-C port on the other end for plugging in a MacBook power adapter. One side has an RJ45 jack for gigabit Ethernet, and an HDCP-compliant HDMI jack that handles up to 4K displays. KickShark promises shipment of all products within four weeks of campaign completion. The "early bird" offer for the hub is a $69 commitment, with a $79 commitment for a Roadie after 500 backers have pledged. http://kck.st/1o6knw5
HBO Now has 800,000 subscribers
The CEO of HBO, Richard Plepler has confirmed that the online streaming HBO service, HBO Now, has 800,000 subscribers. When criticized for the seemingly low number, Plepler noted that the still nascent service was bound to Apple exclusivity during the fifth season of Game of Thrones. Plepler declared during the Time Warner quarterly earnings conference call marketing for the online-only offering would be enhanced in 2016. While HBO Now's critics are slamming the low numbers, the service must also compete against itself on cable, in addition to Netflix and other streaming services. http://on.recode.net/1QWoLHe
Unsafe IoT called threat to humanity
US Director of National Intelligence James Clapper told two different Senate committees yesterday that the Internet of Things posed a clear and present danger, and could be weaponized by governments. Before the Senate Armed Services Committee and the Senate Select Committee on Intelligence, Clapper declared that insecure IoT "will bring new security vulnerabilities" and "will connect tens of billions of new physical devices that could be exploited" by those wishing to perpetrate violence or eavesdrop on the populace of the world. http://bit.ly/23Xvcky
Apple public betas for iOS 9.3, OS X 10.11.4
Following Monday's release of betas for the iOS and OS X, Apple has unveiled public betas for both operating systems. The iOS 9.3 beta includes all of the previously reported enhancements for education customers, along with Wi-Fi calling for Verizon iPhone owners, and a carrier update for T-Mobile users. The OS X 10.11.4 third beta includes enhancements to Twitter URL opening, Live Photo viewing and sharing, and Evernote note importation into Notes.