M & A wrap: Sony looks to integrate
Sony is to take over its mobile phone joint venture with Ericsson for 1.05 billion euros ($1.5 billion), as it seeks to exploit its music and video to help it catch smartphone leaders such as Apple.
U.S. patent records point to a possible conflict of interest in an Olympus investment in a cookware company, raising more questions for investors demanding a full explanation from the Japanese company of acquisitions that made heavy losses.
“With 57 completed deals under its belt this year, Google has already smashed its 2010 record of 48 acquisitions — and it is only October,” reports DealBook.
Groupon is on its fourth day of its U.S.-only roadshow. Here’s the scoop:
“What’s to prevent Facebook, Amazon and Google from going to merchants and offering better terms. How does Groupon keep margins and pricing intact?” portfolio manager Charlie Toole told Reuters after attending Groupon’s roadshow.
Groupon sued two former sales managers who held confidential information before they quit the daily deal company to join Google’s competing daily deals site, a court filing showed.