How crazy is Intel to expect someone to pay $500 million for OnCue? The price tag, reported this week by Bloomberg, seems high. Though Intel's would-be over-the-top pay-TV service has been in closed trials with some Intel employees, it never launched commercially and has no subscribers.
Intel is reportedly asking $500 million for the technology behind its planned-but-never-launched over-the-top TV service called OnCue, according to a report in Bloomberg.
Valley Telecom made its initial payment of about $3.54 million for Alvarion, in accordance with a court-approved agreement to buy the former WiMAX gear maker out of receivership. The payment marked Valley's assumption of management and financing of Alvarion's operations.
The "new Nokia" that will be left after Microsoft takes over the iconic handset maker's devices and services unit will be an infrastructure vendor and patent licensor with a growing presence in the cloud and network virtualization.
Rakuten, a Japanese retailer, acquired the online video and subtitling site Viki for about $200 million, according to AllThingsD.
Valley Telecom sweetened its deal for Alvarion, agreeing to pay more for the struggling company and assume ownership of its patent portfolio.
Alvarion's court-appointed receiver asked the District Court of Tel Aviv-Yaffo to approve the company's acquisition by Valley Telecom for $1.5 million plus milestone payments of at least $1.8 million payable within one year.
Ericsson continues to build up its services business, agreeing to acquire Toronto-based consulting company Telcocell, which specializes in business support systems, Amdocs platforms, custom development and software as a service.
In a terse announcement, Wi-Fi services provider Ruckus Wireless disclosed that it acquired privately held indoor-positioning company YFind Technologies. Financial terms of the deal were not disclosed.
AT&T's plan to take over prepaid wireless operator Leap Wireless is primarily about gaining much needed spectrum for mobile broadband services.