824 posts and columns on acquisition
Samsung announced today it would acquire Palo Alto, Calif.-based mSpot, a mobile cloud-based content service provider. The acquisition, according to the release, “will provide a cloud-based entertainment experience of music, video and radio services for users of Samsung devices.” Price and closing date were not disclosed.
Just hours after European Union antitrust regulators gave the okay to Google’s $12.5 billion purchase of Motorola Mobility, their counterparts at the U.S. Department of Justice did the same. The DOJ echoed the EU concern over how Google will handle standards essential patents and said it would be watching, but it concluded overall that “the specific transactions at issue are not likely to significantly change existing market dynamics.” Also approved was the sale of a batch of Nortel patents to a consortium composed of Apple, Microsoft and RIM.
At its MAX 2011 conference today, Adobe announced it had acquired Typekit, which delivers a cloud-based library of Web fonts to more than 250,000 customers, ranging from individuals to publishers like the New York Times and Conde Nast. Typekit’s fonts will be available initially through a standalone service and will ultimately find their way into the new Adobe Creative Cloud.