It seems like Google just bought Motorola and brought smartphone making back to America. Google confirmed today that Lenovo has purchased Motorola Mobililty for $2.91 billion including $750 million in Lenovo shares.
Mergers and Acquistions
Microsoft to Buy Nokia: Lumia Name Changing
AT&T Buys Cricket in Leap of Faith & Expansion
AT&T announced that it is int he process of buying discount flat-rate carrier Leap Wireless.
AT&T will pay $15 per share to own licenses, assets, retail stores and 5 million subscribers. The cost is estimated to be $1.2 billion. AT&T will keep the Cricket brand and low-cost services.
FTC Approves T-Mobile's Buyout of MetroPCS
The Federal Trade Commission approved T-Mobile's purchase of MetroPCS as a reverse merger, stating the merger will overall be good ...
Sprint Keeping Unlimited Data with New Buyer
Sprint announced today that it had sold 70% of its business to SoftBank. Many are wondering if this deal will change policies at Sprint. SoftBank paid over $20B for its equity.
"Unlimited data is a key differentiator and we have not announced any plans to stop offering them," a spokesperson told LightReading Mobile.
Some contend that it will still be possible for Sprint to stopped offering unlimited data like AT&T and Verizon did. Sprint is slowly rolling out its 4G LTE network, Softbank's experience with 4G LTE should help.