Sprint Takes Control of 100 Stores from Dixons Carphone
Sprint today said it will acquire 100 retail stores that it has operated in partnership with Dixons Carphone since last year. The two companies created a joint venture in February 2016 that relied on retail know-how from Dixons Carphone to sell Sprint goods and services. The joint venture saw the two firms open some 500 stores around the country, all of which were funded evenly between the two corporations. Now, Sprint is effectively buying out Dixons Carphone's stake in 100 of those stores in order to take full ownership. Sprint says the transaction will not change or impact the individual stores' operations. Sprint and Dixons Carphone will continue to operate the other 400 stores covered by the joint venture together. Sprint has spent the last two years bulking up its retail presence.
Sprint Takes a 33% Stake In Music Service Tidal
Jan 23, 2017
Sprint today said it has acquired a 33% stake in Tidal, a music and entertainment platform. Sprint plans to make Tidal's service available to its 45 million retail customers.
Sprint Expands Retail Deal with Dixons Carphone to 500 Stores
Feb 29, 2016
Sprint today announced a joint venture between it and Dixons Carphone to open 500 Sprint stores around the U.S. The joint venture follows a pilot program the two companies launched last year that saw them test Dixons' best practices in some 20 Sprint stores.
Opera to Sell Browser Business to Chinese Firms for $600M
Jul 18, 2016
Opera Software today scrapped plans to sell its entire business to a consortium of Chinese companies and will instead sell to them its consumer browser business. The original deal, valued at $1.2 billion, would have seen a handful of China-based investment firms take over all of Opera's businesses.
EU Socks Qualcomm with $1.23B Fine over Apple Baseband Deal
Jan 24, 2018
The European Union has levied a fine of $1.23 billion against Qualcomm, alleging the chipmaking used its influence to score lucrative chip deals with Apple between 2011 and 2016. The EU says Qualcomm gave Apple massive discounts on baseband chips, the components that allow smartphones and tablets to speak to cell towers, so that Apple would not use components from competing firms.
Verizon and Hearst to Acquire Complex for Mobile Content
Apr 19, 2016
Verizon Communications and Hearst have agreed to acquire Complex, a media organization founded by Mark Ecko that creates content for young adult audiences. Under the terms of the agreement, Verizon and Hearst will each own 50% of Complex through a joint venture.
Don't focus on stores