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. T-Mobile also denied Iliad's request to open its books, which would have been necessary for Iliad to conduct due diligence on T-Mobile. Iliad's bid came as a surprise. The company fills a similar role to that of T-Mobile as a competitive game-changer in its home market of France. Another source cited by the Journal said Iliad is considering its next steps, though it is unclear what those steps might be. Had T-Mobile taken Iliad's offer seriously, it would have thrown a wrench into Sprint's long-term plans to acquire T-Mobile.
Alcatel Announces the Idol 5S with Stereo Speakers
Alcatel today marked the debut of the Idol 5S, the latest in its flagship series. Like its predecessors, the 5S features an aluminum frame, curved glass front and rear surfaces, powerful stereo speakers, and a rear-mounted fingerprint reader.
Iliad Bails on Attempt to Acquire T-Mobile
Iliad today said it will no longer pursue an acquisition of T-Mobile U.S. The company first floated an offer for the company in late July.
Foxconn Makes a Play for Sharp
Foxconn has offered to buy Sharp for $5.3 billion, reports the Wall Street Journal. Foxconn's offer arrives just as Sharp is weighing a buyout offer from Innovation Network Corporation of Japan.
Twitter May Push Tweet Character Limit to 10,000
Twitter is planning to expand the scale of tweets far beyond the traditional 140-character limit, reports the Wall Street Journal. The company might permit regular tweets to reach 10,000 characters, which would match the current limit on the number of characters allowed within direct messages.