Deals

Verizon Wireless confirmed Thursday that it will buy Alltel Wireless in a deal worth $28.1 billion, one that will help it reach new markets and push it ahead of AT&T as the largest wireless carrier in the U.S. The move comes just a year after a group of private equity players took Alltel private...

Verizon Wireless confirmed Thursday that it will buy Alltel Wireless in a deal worth $28.1 billion, one that will help it reach new markets and push it ahead of AT&T as the largest wireless carrier in the U.S. The move comes just a year after a group of private equity players took Alltel private...

A Delaware judge ruled Monday that Yahoo could not keep secret the details of an investors' lawsuit over its spurning of Microsoft's acquisition efforts. The complaint alleges that Yahoo turned away a $40 per share offer to be acquired by Microsoft in 2007 -- months before the software company went ...

China's telecommunications marketplace will undergo a massive transformation after China Unicom agreed to buy China Netcom Group for $23.9 billion in stock and sell its own mobile division in a side deal worth another $16 billion. The details of the series of deals have been awaited for more than a ...

In a nod to the growing need to track mobile users for marketing purposes, Internet research firm comScore has acquired M:Metrics, a top provider of mobile user data, for $44.3 million in cash and 50,000 stock options. The deal extends comScore's measurement and research reach beyond the traditional...

Selling Facebook to Microsoft would not be the best way to fulfill its mission of enabling people to connect with one another, said Mark Zuckerberg, founder and CEO of the social network. During the D6: All Things Digital conference in Carlsbad, Calif., Zuckerberg was asked whether he would consider...

Intel and Grameen Trust are joining forces in an effort to bridge the financial and digital divides separating many of the world's most wanting from basic services and economic opportunities. Joined via video link by Grameen Trust founder and 2006 Nobel Peace Prize winner Muhammad Yunus, Intel Chair...

Yahoo has postponed its annual shareholders' meeting, which had been originally scheduled to take place on July 3. Now, according to a filing with the U.S. Securities and Exchange Commission, that meeting will take place at the end of July in order to give regulators time to review paperwork related...

The never-ending Microhoo saga has left many investors feeling downright whipsawed as they watched events careen from one extreme to the other -- and that was after the merger was supposedly dead in the water. Now, most likely due to activist investor Carl Icahn's very real threat to launch a proxy ...

AOL has closed its $850 million acquisition of Bebo, and the portal will use the social network as the basis for a new People Networks business unit. Bebo Chief Executive Officer Joanna Shields will serve as executive vice president of AOL and president of the People Networks division, which will co...

Verizon Business has won a massive government contract to deploy and manage a global IP network for the U.S. Department of Homeland Security. The contract is for a cool $678.5 million over 10 years, and to bank the bucks, Verizon will act as the primary service provider under the DHS OneNet program,...

In a move to amplify its online exposure and capitalize on the burgeoning Internet advertising market, CBS has agreed to purchase Cnet Networks for approximately $1.8 billion. The television and radio giant will combine Cnet's assets with its national and local interactive businesses, enlarging its ...

An unlikely savior could bring Microsoft's failed bid for Yahoo back from the grave. Billionaire investor Carl Icahn may be mulling a proxy battle to replace the Web portal's board with one that's more friendly toward a Microsoft purchase. Icahn has not publicly stated his intentions, but he has acc...

HP is placing a $13.9 billion bet that it can wrest a piece of the tech services outsourcing market from IBM. It has announced it will acquire EDS for that sum. "The combination of HP and EDS will create a leading force in global IT services," said HP CEO Mark Hurd in announcing the proposed acquisi...

Circuit City will allow Blockbuster and its largest shareholder, Carl Icahn, to look into the company's finances in connection with the video rental company's proposed buyout offer. Circuit City also revealed that it has hired Goldman Sachs to help the company look into strategic alternatives to bui...