BlackBerry Ltd. executives flew to California to meet with Facebook Inc. last week to gauge its interest in a potential bid for the struggling smartphone-maker, according to people familiar with the matter.
AT&T Inc. plans to lease a portfolio of cell towers, and sell some others, to Crown Castle International Corp. for about $4.85 billion as the telecom giant cashes in on consolidation among tower operators and seeks to spend its money elsewhere.
Eastman Kodak Co.’s $525 million patent sale disclosed Wednesday involved a Who’s Who of the global technology industry, as usually fierce rivals came together to take off the market patents governing the digital cameras now ubiquitous in mobile devices.
While shoppers jostled and shoved their way through the usual long lines for Black Friday retail deals, a new and more pitched battle was being fought online that promises to redraw how stores plan for their big door-buster specials.
Eastman Kodak Co. reached a deal with bondholders for $793 million in loans that could take the onetime photography icon out of bankruptcy proceedings on the condition it sell a trove of patents for a certain amount, said people familiar with the discussions.
Online luxury retailer Gilt Groupe Inc. quietly launched a search for a new chief executive to replace co-founder Kevin Ryan as its strives to shore up its financial performance to support a possible initial public offering.