Mobilicity Accepts $465M Takeover by Rogers

Another one bites the dust. Mobilicity today announced it would accept a $465 million takeover bid by telco giant Rogers. As part of the deal, Rogers will sell off some of Mobilicity’s wireless airwave spectrum to competitor Wind Mobile, a condition the federal government demanded before approving the sale. Mobilicity has around 157,000 customers in […]

Telus, Rogers Bidding to Purchase Mobilicity

After fighting off takeover rumours for the better part of two years, The Globe and Mail reports that Rogers and Telus have quietly submitted proposal transactions to the government for review in a bid to purchase struggling telco Mobilicity. However, a source also tells the Globe and Mail that if a deal cannot be reached […]

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.

Next Page »