Nuance's Acquisition Spree Continues with PhoneTag Maker
Nuance Communications today announced that it has agreed to acquire Ditech Networks. Ditech's most well-known product is PhoneTag, a voicemail-to-text service for mobile phones. According to Nuance, the purchase will give it not only PhoneTag's technology and expertise, but customers as well. Additionally, Ditech has Voice Quality Assurance technology that Nuance plans to add to its own. The cash transaction, valued at about $22.5 million, has already been approved by the boards of both companies and is subject to some closing conditions. Nuance has purchased more than a half-dozen similar companies, such as Swype, SVOX, and Vlingo, in the last year.
LeEco Scraps Vizio Acquisition
LeEco today said it has canceled plans to acquire TV-maker Vizio. The company first announced the $2 billion acquisition last summer.
AT&T to Buy DirecTV for $48.5 Billion
AT&T has entered into an agreement to purchase DirecTV for about $48.5 billion in a cash and stock transaction. The acquisition is more about providing AT&T with the means to grow its subscription TV business than about expanding mobile services.
AT&T to Buy Time Warner for $85.4 Billion
AT&T has agreed to purchase Time Warner for $85.4 billion in a stock-and-cash deal that will merge AT&T's delivery networks with Time Warner's vast catalog of content. AT&T believes the combined companies will be able to save $1 billion per year once fully merged.
Qualcomm to Acquire CSR
Qualcomm today announced that it has agreed to acquire CSR for about $2.5 billion in cash. CSR, based in the U.K., develops technologies and products for what's referred to as the Internet of Things, as well as for the automotive and infotainment sectors.