merger
Press
JVC and Kenwood Will Join Forces, Merge in October
1:00AM Benny Goldman | JVC, the group behind the scenes of popular projectors and thin LCDs, and Kenwood, known for their car stereo equipment, will merge in October. The new company, JVC Kenwood Holdings, has been discussed for almost a year, when the two first collaborated on car electronics. So what happens when you merge TVs and car equipment? Lots of ugly rides. And, hopefully new, great gadgets. [Forbes] More »
Networks
Helio and Virgin Mobile to Merge?
5:45AM Adrian Covert | mocoNews reports talks are going on between Helio and Virgin Mobile USA about a possible merger between the two wireless phone carriers. Helio has had some financial issues over the past year, and it’s owner, SK Telecom, has been looking to make a splash in US markets. Current talks include SK Telecom buying out Virgin Mobile USA, infusing it with cash, and having Virgin Mobile buy out the Helio via stock purchase. Seeing as both carriers operate on Sprint’s network, technical logistics won’t be a huge hurdle, which leaves financials to deal with. But this is still very much in the early stages. [mocoNews via Phone Scoop] More »
Press
Microsoft and Yahoo in Actual Merger Talks
7:54AM Matt Buchanan | The month-long saga of the Borg (in FSJ’s words) assimilating Yahoo might finally be coming to a close, with the two finally entering into actual merger negotiations, according to the NY Times. Microsoft has reportedly upped its original $44.6 billion bid by several billion. The deal might still fall apart, but they’re actively doing the dance. Looks like this could actually happen, folks. [NYT] More »
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