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.
Broadcom Ups Its Bid for Qualcomm
Broadcom today made a second offer to acquire rival Qualcomm. Last year, the company offered $70 per share of Qualcomm's stock.
Broadcom Ends Bid to Acquire Qualcomm
Broadcom today said it will no longer pursue its proposed acquisition of rival chipmaker Qualcomm. The decision comes two days after the Trump administration opposed the deal on national security grounds.