Bitcoin, the decentralized virtual currency now worth over $1 billion, was designed to be as open and transparent as possible. Unlike traditional currency, you can download every Bitcoin transaction that’s ever taken place and, more i…
We knew things were moving forward, and now the Federal Communications Commission has approved the merger between T-Mobile and MetroPCS. In a statement released today, FCC chairman Julius Genachowski said that allowing the two compani…
Online institutions of all types are vulnerable to hacking, and Bitcoin is no exception: last week, hackers stole over $12,000 worth of Bitcoin currency from Bitinstant, one of the bigger Bitcoin transaction sites. As with many recent…
Sony has agreed to sell its Sony City Osaki office building, located in Tokyo, for a sum of 111.1 billion yen ($1.2 billion USD). A press release issued today explains that the sale comes as part of Sony’s reorganization effor…
With entities like Square and Paypal taking over the mobile payments scene it’s hard for new competitors to break in, but Groupon is looking to improve its chances by bringing Groupon Payments to its Groupon Merchants app for Android. The service allows merchants to accept credit card payments in an easy and secure fashion through [...]
A deal that will see Sprint acquire the remainder of Clearwire has been confirmed after news that a potential agreement was on the table surfaced last week. Sprint, already owning a majority stake in Clearwire, is set to buy the remaining 50 percent of the company for $2.2 billion. It was initially reported that Sprint [...]
In line with earlier reports, Sprint (S) on Monday announced plans to acquire the remaining stake it did not already own in wireless broadband wholesaler Clearwire (CLWR). Sprint’s offer came in just north of earlier reports claiming the company would bid $2.90 per share, or $2.1 billion, which would value Clearwire at $4.2 billion. Sprint’s final bid came in at $2.97 per share, or $2.2 billion, and it pushes Clearwire’s valuation to $4.5 billion plus another $5.5 billion of net debt and spectrum lease obligations. The deal is subject to regulatory approval and to shareholder approval, and is expected to close next year. Sprint’s full press release follows below. Sprint to Acquire 100 Percent Ownership of Clearwire for $2.97 per Share
While the focus of Google’s buyout of Motorola was patents first, then mobile hardware, also acquired in the transaction was the hardware maker’s Home division. The business, which manufacturers set-top boxes typically distributed by cable and other television providers, has been floated for sale, with reports now stating a deal could be inked before the [...]
Bitcoin may not have yet grown much beyond a relatively small base of enthusiasts, but it looks like the Royal Canadian Mint is hoping that its backing will help its own new digital currency catch on in a bigger way. While less decentralized and diff…
Google Wallet’s prepaid experiment hasn’t been the smoothest of endeavors, but the company wants to make up for all the headaches — with cash. A few weeks ago, Google disabled a feature that allowed users to add a Google Prepaid Card to their wallets…
