Rumour: Wind Mobile in talks to acquire Mobilicity
Bloomberg news is reporting today that Globalive Communications, owners of Wind Mobile, are in talks to buy Mobilicity.
Privately held Mobilicity currently offers wireless service in Toronto, Ottawa, Calgary, Edmonton and Vancouver while Wind Mobile offers service in starting at $25 per month.
Indigo announces sale of Kobo to Japanese firm for US $315 million
Indigo, the majority shareholder in Kobo, announced today that it has agreed to sell Kobo Inc. to Rakuten, Japan’s biggest online shopping mall operator, for US$315 million.
The book retailer, which founded and spun Kobo off in 2009 as an independent company, says expects to receive approximately US$140 million to US$150 million from the proceeds of the sale on a fully diluted basis.
Zagat Survey sold to Google
Zagat Survey, a popular restaurant recommendations and ratings service, has been acquired by Google.
Google buying Motorola Mobility for $12.5 billion
Google and Motorola Mobility announced this morning that the search giant will buy Motorola Mobility Holdings for $12.5 billion USD.
The search giant and creators of the Android Smartphone operating system has agreed to pay $40 a share for Motorola, a premium of 63% over its closing price on Friday.
UK firm acquires HMV Canada for $3.2 million
Hilco UK, a British firm which specializes in restructuring ailing retailers, has purchased HMV Canada from the UK’s HMV Group plc. for 2.05 million British pounds, approximately $3.2 million Canada.
HMV Canada, which opened its first store in 1986, operates 121 stores across Canada and is the only national specialty entertainment retailer in the country.
Hearings into BCE takeover of CTV announced for February
In a Broadcasting Notice of Consultation released yesterday, the CRTC has announced that it will hold hearings on the acquisition of CTV Globemedia by BCE Inc. beginning on February 8th, 2011.
The deal, which was announced in September, would see BCE Inc. acquire complete ownership of CTV which has an estimated value of $3.2 billion.
Rogers continues to buy up Cogeco
Rogers Communications Inc. announced last week that it had purchased close to two million additional shares in Cogeco Cable Inc. and Cogeco Inc. for $74.9 million.
Cogeco is Canada’s fourth largest cable television provider offering services in Ontario and Quebec. The company also offers consumers Internet and Digital Phone service.
Competition Bureau clears Shaw’s acquisition of Canwest
The Competition Bureau of Canada announced today that it will not challenge Shaw Communications Inc.’s proposed acquisition of the over-the-air and specialty television businesses of Canwest Global Communications Corp.
The federal agency said that following a significant review, it had concluded the takeover would not reduce competition in the television industry in this country.
