Nokia Siemens Sells Broadband Business to Adtran
Nokia Siemens Networks has agreed to sell its fixed line broadband access business and associated professional services and network management products to U.S.-based Adtran. As part of the deal, Adtran will acquire all of NSN's fixed broadband businesses, technologies, and customers. It will also assume control over 400 NSN employees, ranging from engineers, to researchers, sales, and professional services. Adtran will use the acquisition to expand its business and global reach. Terms of the deal were not disclosed, and the companies expect it to close by April 2012. NSN recently sold its WiMax business and announced plans to lay off some 17,000 employees during a massive reorganization.
Sony to Buy Toshiba's Camera Sensor Business
Sony has agreed to acquire Toshiba's camera sensor business for $155 million. Under the terms of the deal, Sony and its subsidiary, Sony Semiconductor Corporation, will acquire a fabrication facility, equipment, 1,100 employees, and other assets associated with Toshiba's 300mm wafer production facility in Oita, Japan.
Uber Buys Some of Microsoft's Bing Assets
Uber has agreed to acquire about 100 engineers and other assets from Microsoft's Bing product. Specifically, Uber will take possession of Bing's "product image collection activities," according to TechCrunch.
BlackBerry to Acquire AtHoc
BlackBerry today said it has agreed to acquire AtHoc for an undisclosed sum. AtHoc provides secure crisis communications for businesses so they can push critical data in real-time during business- or life-threatening events.
Novatel to Sell MiFi Business and Focus on IoT
Novatel Wireless today announced plans to divest its mobile broadband business. The company has agreed to sell its MiFi branded hotspots and USB modem product lines to Hong Kong-based TCL Industries Holdings for $50 million in cash.