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.
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.
Verizon Closer to $10B Asset Sale to Pay Down Debt
Verizon Communications has lined up several deals that will earn it up to $10 billion, reports the Wall Street Journal. The company took on a massive amount of debt to buy Vodafone's portion of Verizon Wireless last year.