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Xerox makes official tender offer for HP at $24 per share
by João Carrasqueira
Xerox has been aggressively pursuing an acquisition of HP's business for the past few months, and HP has continually refused to be acquired on Xerox's terms. In light of the pushback, Xerox already proposed a full replacement of HP's Board of Directors, nominating a slate of independent directors that it believes would be more likely to see the value of the proposal.
Last month, Xerox said it planned to make a tender offer for HP's outstanding shares, and today, it did exactly that. The tender offer values HP at $24 per share, $18.40 of which are in cash, and the remaining being equivalent to 0.149 Xerox shares for each HP share. With the offer, HP shareholders would get $27 billion in immediate cash, in addition to then owning a portion of Xerox shares.
John Visentin, CEO and vice-chairman of Xerox, commented on the proposal:
Xerox also announced that it has also gathered financing support from more entities, including MUFG, PNC, and Crédit Agricole, in addition to Bank of America, Citi, and Mizuho, who had already committed $24 billion to help the business go through. The financing amount hasn't increased, but it's now backed by more agencies.
Xerox's offer is on the table until April 21, 2020, at 5PM Eastern Time, but Xerox says the deadline can be extended. This should be just in time for HP's annual shareholder meeting, which was at the end of April last year.
By Usama Jawad96
HMD Global now owns the 'PureView' trademark
by Usama Jawad
Back in 2014, Microsoft purchased Nokia's Devices and Services division, which also included licensing the PureView brand to the Redmond giant in a deal valued at $7.3 billion. The iconic PureView camera tech was used in numerous high-end devices including the 41MP camera-boasting Nokia 808 and Lumia 1020, 1520, 920, and later even the 950 and 950 XL.
While Microsoft's smartphone efforts are more or less dead, fans of Nokia's revolutionary camera technology will be pleased to know that HMD Global - which has licensed the Nokia brand - has bought the trademark back from Microsoft.
As spotted by Nokiamob, rights to the PureView trademark were acquired by HMD Global on August 23, 2018, and it is now visible on the company's European Union Intellectual Property Office (EUIPO) page here, alongside "Asha" and "Xpress-On", among others.
That said, there is little to be excited about just yet. As noted above, the company also owns other brands such as Asha but we haven't seen HMD Global utilize it publicly just yet. It is quite possible that the firm has acquired the trademark to keep it safe for use in the distant future, rather than the near. All in all, it's too early to say if HMD Global plans to utilize this trademark, but one can hope.
Source: EUIPO via Nokiamob
Sharp announces plans to buy Toshiba's PC business
by João Carrasqueira
Sharp is mostly known for its products in the display market, having been one of the first to release 4K smartphone displays back in 2016, but Sharp also had a PC business which it quit in 2010 due to poor results. The company was eventually bought out by Foxconn after financial struggles refused to go away.
Now, the company is announcing plans to get back into the PC market, and it's doing so by purchasing the PC business of another Japanese company, Toshiba. According to Reuters, Sharp is planning to buy 80.1% of the business for 4 billion yen, which is about $36 million.
Toshiba's PC business isn't especially successful, and the company has recently sold its memory chip business as well. Western Digital was originally going to be the buyer, but a consortium led by private equity firm Bain was recently confirmed to have seized the deal.
The Toshiba acquisition by Sharp signals the company's recovery under its Foxconn ownership, but considering both Sharp and Toshiba have been largely unsuccessful in the PC market, it will be interesting to see how the new company will perform.
Source: Reuters via The Inquirer
Enthusiasts showcase Windows 10 for ARM running on a Lumia 830 [Update]
by Muhammad Jarir Kanji
Image credit: Gustave M. Running full Windows 10 on a phone has long been a dream for many Microsoft enthusiasts and is, indeed, the central theme surrounding the many rumours pertaining to the fabled Surface Phone. While eager fans will have to wait till the end of the year, at least, to see Microsoft's vision for a phone running Windows 10, some hackers have shown us a preview of, perhaps, what could have been with older Lumia phones.
The recent releases of Windows Phone Internals have allowed enthusiasts to install any ROM of their choice on Lumia devices and, naturally, some of them decided to try their hand with running desktop Windows on their phones.
Gustave M. and Blaze were both successful at installing the now-defunct Windows RT on the Lumia 830 and Lumia 950, respectively. This is not the first time we've seen Windows RT running on a Windows Phone, as the same tools were used to shoehorn a build of Windows RT into a Lumia 520 back in 2015.
What is a first, however, is Gustave's next project, which saw him installing Windows 10 on ARM on his Lumia 830, marking perhaps the first time we've seen a Lumia run full Windows (except, presumably, inside Microsoft's own labs).
Don't get your hopes up yet, as the feat is largely a tech demo at this point, with multiple incompatibilities and issues like an inoperative touchscreen preventing you from living out your dream of using a Windows 10-powered Lumia as your daily driver.
Update: A previous version of the article suggested the device in question was a Lumia 1520. This has now been corrected. We apologise for the error.
By Timi Cantisano
You can pick up a new Lumia 1520 for $749.99 ... if you must
by Timi Cantisano
The year is 2013, and Nokia is holding its annual Nokia World event, showing off its latest products, the Lumia 2520, Lumia 1520, and Lumia 1320. The firm is riding the high of offering a tablet with Carl Zeiss optics, while CEO Stephen Elop is instilling confidence in its users by announcing that Instagram is coming to its mobile platform later that year.
Although what occurred above seems like a lifetime ago, and with Lumia devices having seemingly gone extinct, it appears that one retailer is aiming to keep things alive by selling the Lumia 1520 brand new. Best Buy is currently offering the handset at its original retail price of $749.99. It looks to be sold directly from the retailer and is the AT&T variant in white. Although it arrives with Windows Phone 8 out of the box, the device can be updated to Windows 10. However, it isn't eligible for the Creators Update or Fall Creators Update.
As a refresher, the Lumia 1520 offers:
6-inch 1080p display Qualcomm Snapdragon 800 processor 2GB RAM 20MP rear camera with Carl Zeiss optics, OIS, dual-LED flash | 1.2MP front-facing camera 16GB internal storage with microSD expansion Just as a matter of comparison, a new unlocked Samsung Galaxy S8 from Best Buy sells for the exact same price with:
5.8-inch Super AMOLED QHD+ display with Corning Gorilla Glass 5 Qualcomm Snapdragon 835 processor Octa-core 2.35GHz (Quad Core) + 1.9GHz (Quad) processor 4GB of RAM 12.0MP rear-facing camera 64GB internal memory plus microSD slot As you might expect from a four-year-old phone, a majority of the specifications aren't impressive by any means in 2017. But, Windows phones have never been reliant on the most cutting-edge internals, with a majority of the units running smoothly despite what some might consider as paltry specifications.There may not be a high interest in the Windows phone handsets anymore, so it is a bit curious as to why Best Buy is selling the Lumia 1520 at full price and how this stock might have come into its inventory. Undoubtedly, there are diehard fans out there that would love to get their hands on a brand new model, and this could be one of those rare last opportunities.
Source: Best Buy