Tag Archive: Stake


ICYMI: Oddly uplifting – This Apple co-founder sold his stake for $800

This week: the oddly uplifting tale of Apple co-founder Ron Wayne, who sold his stake in the company for $ 800. Plus, road-ready gifts for bicyclists, killer Vainglory strategy guide, and awesome iOS 8 widgets you won’t want to miss. That…Read more ›

The oddly uplifting story of the Apple co-founder who sold his stake for $800

In a universe where things worked out a bit differently, Ronald Wayne would be a billionaire. When Apple was incorporated on April 2, 1976, Wayne was named alongside Steve Jobs and Steve Wozniak as one of three founders, with a…Read more ›

The oddly uplifting story of the Apple co-founder who sold his stake for $800

By all rights, Ronald Wayne should be a billionaire. When Apple was incorporated on April 2, 1976, Wayne was named alongside Steve Jobs and Steve Wozniak as one of three founders, with a 10 percent stake in the company. However,…Read more ›

Microsoft Buys Stake In Foursquare To Help Power Siri Competitor

Microsoft didn’t just announced a new CEO today. They also announced that they were buying a $ 15 million stake in popular mobile check-in app Foursquare. But to what end? The deal, confirmed by both Microsoft and Foursquare, would primarily give…Read more ›    [Read More…]

Samsung Taps Former Siri Head To Stake Claim To The Internet Of Things

What do you think of Siri? Laughable gimmick, or revolutionary interface of the future? Your answer to that question may well determine how excited you get about this: the engineer who oversaw Siri is now at Samsung, building their own…Read more ›

The post Samsung Taps Former Siri Head To Stake Claim To The Internet Of Things appeared first on Cult of Mac.

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Verizon Acquires Vodafone’s 45% Stake For $130 Billion

verizon_communications_incVerizon has today announced that it has reached a deal to acquire Vodafone’s 45% stake in the company for £130 billion. The buyout consists primarily of cash and stock, and was unanimously approved by the board of directors of both Verizon and Vodafone. It’s expected to be completed in 2014 following regulatory approvals. The deal […]

The post Verizon Acquires Vodafone’s 45% Stake For $ 130 Billion appeared first on Cult  [Read More…]

Sprint Announces It Will Acquire 100% Stake In Clearwire For $2.2 Billion

Sprint has announced today that it is set to acquire 100% ownership of Clearwire in a deal worth $ 2.97 per share — or roughly $ 2.2 billion. The carrier says it plans to utilize Clearwire’s 2.5 GHz spectrum, which will be migrated to 4G LTE standards, to achieve “operational efficiencies and improved service for customers.”

Sprint has paid a 128% premium on Clearwire’s closing share price the day before the  [Read More…]

No, Apple Isnt Considering A Stake In Twitter

Over the weekend, The New York Times reported that Apple was in talks to invest a significant amount of cash into Twitter. The multi-million dollar investment would raise Twitter’s company valuation to a healthy $ 10 billion.

But that doesn’t really sound like something Apple would do, does it? If you thought that when you first read this rumor, then you had the right hunch. Apple and Twitter have talked, but  [Read More…]