John Paczkowski

Recent Posts by John Paczkowski

Vodafone Says Verizon Bid Total Pants

Given the criticism leveled at Vodafone following its failed 2004 bid for AT&T Wireless, it’s of little surpise that the company is vehemently denying reports that have it mulling a $160 billion offer for Verizon Communications.

Vodafone claims it has “no plans” to make such an offer. But as Sony president Ryoji Chubachi can attest, “no plans” can mean any number of things–perhaps even “carefully scripted leveraged buyout.” Certainly, Vodafone has to have kicked the idea around in the past. Acquiring Verizon Communications would give it full control of the telecom companies’ jointly held Verizon Wireless venture. And at the near-bargain basement price of $160 billion–after all, the American dollar has fallen to a 26-year low against the British pound. “Sure, $160 billion is a huge amount, but it’s not nearly as big as it used to be–if you’re paying in British pounds,” ZDnet’s Larry Dignan writes. “The dollar is a downtrodden currency these days. And Vodafone reports its financials in the pound. A Vodafone acquisition of Verizon is the equivalent of a Londoner taking a vacation in the U.S.–it’s a bargain.”


Twitter’s Tanking

December 30, 2013 at 6:49 am PT

2013 Was a Good Year for Chromebooks

December 29, 2013 at 2:12 pm PT

BlackBerry Pulls Latest Twitter for BB10 Update

December 29, 2013 at 5:58 am PT

Apple CEO Tim Cook Made $4.25 Million This Year

December 28, 2013 at 12:05 pm PT

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The problem with the Billionaire Savior phase of the newspaper collapse has always been that billionaires don’t tend to like the kind of authority-questioning journalism that upsets the status quo.

— Ryan Chittum, writing in the Columbia Journalism Review about the promise of Pierre Omidyar’s new media venture with Glenn Greenwald