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Tag: takeover
Lenovo completes takeover of Motorola Mobility
2014-10-30 12:22:00| Telecompaper Headlines
(Telecompaper) Lenovo has completed the acquisition of Motorola Mobility from Google. The Chinese company will maintain Motorola as an independent subsidiary, still based in Chicago, with almost 3,500 employees worldwide, including 2,800 in the US. It will continue with the Motorola brand, as well as the Moto and Droid series of phones. Motorola said it will continue to focus on "pure Android and fast upgrades, and remain committed to developing technology to solve real consumer problems". In addition to the foothold in the US, the deal puts Lenovo in third place in the global smartphone market, according to the company. The latest figures from IDC show Lenovo alone took 5.2 percent of the market in Q3 with 16.9 million smartphones sold, good for fourth place in the market. The company aims to sell over 100 million mobile devices this year, including tablets. The sale of Motorola Mobility was first announced in January. Lenovo is paying USD 2.91 billion, including USD 660 million cash, USD 750 million in its own shares and a note for USD 1.5 billion due on the third anniversary of closing the deal. Google also received USD 228 million in cash held by Motorola at closing. While Google held on to much of Motorola's intellectual property, Lenovo has a licence to the IP and retains over 2,000 Motorola patents. Lenovo reiterated its intention to turn the Motorola business profitable within 4-6 quarters.
Tags: motorola
mobility
lenovo
completes
JSC Sheremetyevo Airport extends bid for takeover of Vladivostok Airport shares
2014-10-29 01:00:00| Airport Technology
Russia's JSC Sheremetyevo International Airport has extended the acceptance time of statements and offers for the takeover of the shares of JSC Vladivostok International Airport (JSC MAV) and CJSC Terminal Vladivostok from 31 October to 21 November.
Tags: bid
shares
airport
extends
Parish denies Palace takeover claims
2014-10-27 16:38:46| BBC News | Business | UK Edition
Crystal Palace co-chairman Steve Parish says he is open to a change of ownership, but denies a takeover is imminent.
Tags: claims
palace
parish
denies
Chiquita terminates takeover talks with Fyffes to consider Brazilian offer
2014-10-27 13:39:19| Agriculture - Topix.net
Our eNewspaper network was founded in 2002 to provide stand-alone digital news sites tailored for the most searched-for locations for news. With a traditional newspaper format, more than 100 sites were established each with a newspaper-type name to cover the highest-ranked regions, countries, cities and states.
Tags: offer
talks
brazilian
terminates
Singapore Airlines signals budget determination with Tiger takeover
2014-10-24 14:40:03| Airlines - Topix.net
The flag carrier plans to have Tiger cooperate more closely with its similarly loss-making medium- and long-haul budget airline Scoot, people familiar with the company's strategy said. The aim is for a resource-sharing relationship akin to that SIA has with premium regional subsidiary SilkAir, they said.
Tags: budget
singapore
determination
signals
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