Virgin Mobile buys (once) high-flying Helio for $50M, as mobile consolidation begins
Virgin Mobile USA has agreed to acquire Helio mobile phone division from SK Telecom and Earthlink for an investment that totals $50 million.
The deal is part of a consolidation trend in mobile. Nokia this week agreed to buy Symbian, the mobile phone software maker, for $329 million. And Microsoft agreed yesterday to buy Portugal’s Mobicomp. Mobicomp is a mobile software company specializing in the storage and backup of data.
The deal ends a high-profile attempt by… Continue Reading
Roundup: Winter IPO party?, Google improves directions, Zoho Wiki & more
Latest Silicon Valley round-up:
IPO window opening? — Lots of companies filing to go public lately. In just the past couple of days, there’s WiMax company Clearwire (see our story), game company Glu Mobile (see story), WiFi company Aruba (see story) and now rumors of software company Netsuite preparing one.
Redback Networks comes long way — This San Jose company went big, and then bankrupt in 2003. Now we learn the company, which manages 50 million broadband connections,… Continue Reading