Social giant Facebook is in discussions to acquire mobile navigation service Waze, according to people familiar with the matter. The purchase price has been reported by some outlets as high as $1 billion, which would rival the amount Facebook paid last year to purchase mobile photo-sharing service Instagram. The Waze acquisition would provide Facebook with the opportunity to efficiently deliver local ads and content to its 1.1 billion users. Continue reading Facebook in Talks to Purchase Mobile Navigation Startup

Pay TV operator Dish Network announced yesterday that it has placed a $25.5 billion bid for wireless carrier Sprint Nextel, which is presently ranked third in the U.S. behind Verizon Wireless and AT&T. Dish Network’s chairman and former CEO Charlie Ergen is hoping to bridge the gap of current wireless models by offering customers faster and more affordable television, high-speed Internet and cellphone services in a single package. Continue reading Dish Network Submits $25.5 Billion Bid for Sprint Nextel

Eastman Kodak announced yesterday that it has entered into an agreement with Brother Industries for the proposed sale of its Document Imaging business. The deal includes a cash purchase price of approximately $210 million and about $67 million in deferred service revenue liability. If a better deal is not offered by another company, Brother will likely take control of Kodak’s scanning hardware and software products. Continue reading Kodak to Sell Scanning Business to Brother for $210 Million

AT&T announced it will acquire licenses for Verizon’s 700MHz spectrum, which would allow AT&T to expand its 4G LTE coverage to 42 million people across 18 states in the U.S. The carrier will spend $1.9 billion to acquire the licenses from Verizon. AT&T will also provide licenses of its AWS spectrum to Verizon in markets including Los Angeles, Fresno and Portland in order for Verizon to further deploy its own network. Continue reading AT&T to Expand 4G LTE Network with Verizon Spectrum Deal

The proposed buyout of Dell has a new development as Microsoft has entered talks to acquire the computer maker. The software giant would be buying the company from public stockholders, but a deal has not been announced. “Microsoft hasn’t made a commitment to throwing its money and weight behind the possible deal, which is expected to carry a price tag of $22 billion or more,” according to the Wall Street Journal. Continue reading Microsoft Enters Discussions to Help Finance Buyout of Dell