AT&T Will Not Bid On Vodafone, For Now
AT&T has officially told U.K. regulators that it is not interested in making a bid for Vodafone at this time. The company was forced to clarify its position after speculation suggested the company was prepared to make an offer for the U.K.-based operator. AT&T cannot make a bid on the company for six months unless Vodafone asks it to, or a third company makes an offer for Vodafone. AT&T has expressed interested in expanding overseas, and Vodafone was seen as a compelling target.
Facebook Broadens Its Mobile Shopping Push
Facebook is expanding the avenues through which mobile phone users can purchase goods within the Facebook app. The company is testing a new ad format called canvas that allows people to view quick-loading store sites, drill down into specific products, and make purchases — all without leaving the actual Facebook app.
Sharp Leaning Toward Foxconn's $5.5B Bid
Sharp is favoring an acquisition offer from Foxconn over a potential rescue from Japanese investors. Sharp has lost market share in the consumer electronics business over the last few years while prices for its display panels have sunk.
T-Mobile Said to Reject Iliad Buyout Offer
T-Mobile has rejected Iliad's initial offer to buy the company, reports the Wall Street Journal. The $15 billion bid for a 56.6% stake in the company was "not attractive enough" and "dead on arrival" according to a source cited by the Journal.
Uber Attempting to Hail HERE Maps with $3B Bid
Uber has submitted a bid to purchase HERE Maps from Nokia for $3 billion, reports the New York Times. The bid is one of several and may not result in a sale, cautioned the Times' unnamed sources.