TeleCommunication Systems Buys Networks In Motion for $170M
Today TeleCommunication Systems (TCS) has announced its intent to acquire and merge with Networks In Motion for the price of $170 million. Networks In Motion is a privately held company that provides mapping and GPS information to mobile phones. TCS will pay for the acquisition with cash, stock and promissory notes. Network In Motion's board has approved the acquisition, though its shareholders and regulators have not. TCS believes this acquisition will help it better supply wireless network operators with the information their subscribers need for navigation and mapping services.
Google's 'Motion Stills' Makes GIFs from iOS Live Photos
Google today released an app for iPhones called Motion Stills. Google created the app in order to take advantage of Apple's Live Photos, as captured by the iPhone 6s and 6s Plus.
Google's Motion Stills App Gains Moving Text and Smoother Loops
Google updated its Motion Stills app for iOS with several new features. First, users can now apply text to their GIFs.
Nokia Networks to Acquire Eden Rock
Nokia Networks today announced its intent to acquire Eden Rock Communications for an undisclosed sum. Eden Rock pioneered self-organizing networks (SON) technology for mobile broadband operators.
AT&T to Buy Time Warner for $85.4 Billion
AT&T has agreed to purchase Time Warner for $85.4 billion in a stock-and-cash deal that will merge AT&T's delivery networks with Time Warner's vast catalog of content. AT&T believes the combined companies will be able to save $1 billion per year once fully merged.
Sprint Settles Lawsuit Over Nextel Merger for $131 Million
Sprint today settled a class-action lawsuit regarding its 2005 acquisition of Nextel for $131 million. Investors claim Sprint executives defrauded shareholders by inflating stock and bond prices after Sprint closed its acquisition of Nextel.