Financial/Corporate News

Corporate and Financial news

Xiaomi to raise funding at $40+ billion valuation?

Xiaomi CEO

Xiaomi is talking to several investors to raise significant amount of money that would increase its valuation to anywhere between $40 and $50 billion. The company, which is currently the world’s third-biggest smartphone maker, had a financing round in August 2013 that valued the company at $10 billion. If the so called “Apple of China”…

Lenovo inching towards BlackBerry’s acquisition?


You may’ve heard it – Lenovo is looking to acquire BlackBerry. The Chinese firm has barely scratched the surface with its Motorola acquisition; it wants more. And BlackBerry, we think, would be a perfect fit for them. Some time ago, I’ve mentioned about something similar in a post exploring the future of BlackBerry. Lenovo has…

Android and Chrome (OS) inching closer together with Google’s VP of Engineering for Android assuming the same role for Chrome

Android - Chrome

At some point in the future we expect to see Android and Chrome OS becoming a single platform. Or something similar, with docked Android smartphones connected to the big screen acting like today’s Chromebooks. Already you can run a select number of Android apps on Chrome OS-powered devices, and apparently that’s just a start. To…

ZTE to acquire Pantech?

Pantech logo

Pantech is looking for buyers, as we’ve reported before. Korea’s third-largest handset maker has recently put its business on sale, and — according to an official from Samjong KMPG — it has received numerous letters of intent for purchase. One of the companies looking to grab the struggling company is China’s ZTE, which is already…

TCL to merge with / acquire HTC? *UPDATE*


HTC has seen better days. What used to be one of the best smartphone makers in the world is now struggling to meet investors’ expectations and stay relevant in the ever competitive mobile market. The Taiwanese company is not only facing Samsung and Apple, but also the emerging players from China like Xiaomi, Meizu and…

Pantech is looking for buyers


South Korea’s number three handset maker, Pantech, has seen better days, having filed for bankruptcy earlier this year. In July, the company asked for a deadline extension for repaying outstanding debt; and in August, despite convincing creditors to extend the repayment deadline by two years interest-free, it filed for court receivership, an equivalent to filing…

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