Private Equity Groups Purchase Alltel
May 21, 2007, 12:40 AM by (staff)
Alltel agreed to sell to one team of bidders on Sunday. TPG Capitol and Goldman Sachs will buy the carrier, including assuming its debt, for $71.50 per share or about $27.5 billion. The companies expect to complete the sale near the end of this year or early 2008. It is widely assumed these equity partners purchased Alltel to hold the carrier until a larger carrier was ready to buy them, however the companies did not discuss these expectations when announcing the purchase.
Private Investors Buy OmniVision for $1.9 Billion
OmniVision has agreed to allow a consortium of private investors purchase the company for about $1.9 billion. OmniVision makes digital imaging products, such as camera sensors for smartphones.
Microsoft to Buy LinkedIn for $26.2 Billion
Microsoft today said it has agreed to acquire LinkedIn for $26.2 billion. LinkedIn is well known as a professional networking and employment resource for companies and job seekers alike.
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.
Microsoft to Add Carrier Billing to App Store
Microsoft today said Windows device owners will soon be able to purchase apps using their wireless account rather than a credit card. Carrier billing, as the practice is called, makes it more convenient for people to purchase good and services from mobile devices by removing the credit card barrier.
Motorola Offering Free Projector Mod with Moto Z2 Force Purchase
Motorola today said consumers who purchase the new Moto Z2 Force at any time between now and September 10 will receive a free projector Moto Mod. Consumers can buy the Z2 Force via any channel, such as a wireless carrier, electronics store, or Motorola.com.
Roaming agreements should be carried throughtout their terms, even in the event of a merger/sale to a larger company, until the end of those agreements.
I think they'll split the company up and sell the towers and customers to companies they are compatible with (cdma to verizon/gsm to att & Tmobile).
There is alot more money to be made by...
sprint better get on this