Yahoo Reportedly Places Bid To Buy Hulu

Add one more name to the Hulu bidding war Yahoo!, which just announced plans to buy Tumblr for $1.1 billion, has made an offer on the video website as well.

The Web giant submitted a bid for the video site this morning, according to a person familiar with process. Other people looking to buy all or a piece of Hulu include:

• Directv,
• Time Warner Cable,
• William Morris Endeavor, along with with PE backer Silverlake,
• KKR,
• Guggenheim Digital,
• The Chernin Group

As AllThingsD reported earlier this month, Yahoo! CEO Marissa Mayer and COO Henrique De Castro have met with Hulu’s team recently for a get-to-know-you; Yahoo! had previously tried to buy a large stake in French video site Daily Motion, but that bid was stymied by the French government. Yahoo! declined to comment.

The question, as it always is with Hulu, is what its owners News Corp., Disney and Comcast are actually willing to sell, and at what price. The three media conglomerates provide the site’s most valuable programming, primarily via shows that have already aired on their broadcast networks. Disney and News Corp. have been at odds about the best way to manage the site for some time; Comcast gave up its management rights as a concession to Federal regulators a few years ago. (News Corp. also owns this website.)

In 2011, Hulu’s owners put the company up for sale and were looking for a bid of at least $2 billion; in exchange, they would offer content licenses that would run for two to three years. But they ended up pulling the site back off the sales block after a few months.

Last month, former News Corp. COO Peter Chernin submitted a starting bid of $500 million, with the understanding that he would be willing to pay more for extended licenses. Bloomberg first reported on the KKR and William Morris Endeavor/Silverlake bids today.

Hulu hasn't had a formal M&A process, but had asked prospective bidders to make an offer by Wednesday. That deadline apparently isn't a firm one, so it’s worth wondering if the field will grow more crowded before this over.

Google Considers Waze Acquisition

Bloomberg reports that Google is considering making an acquisition offer for mapping company Waze. Numerous reports over the past few weeks have claimed that Facebook is also eyeing an acquisition of the maps firm.

Google Inc. (GOOG), maker of the Android operating system, is considering buying map-software provider Waze Inc., setting up a possible bidding war with Facebook Inc., people familiar with the matter said. Waze is fielding expressions of interest from multiple parties and is seeking more than $1 billion, said one of the people, who asked not to be identified because the talks are private. The Palo Alto, California-based startup might also remain independent, instead seeking to raise a round of venture capital financing, the people said.

Waze’s price-tag is current said to be around $1 billion.

Google’s potential bid would likely create a bidding war with the Menlo Park-based social network. Bloomberg reiterates that Apple is not in discussions with Waze. Rumors from earlier this year claimed that Apple was eyeing an acquisition, but many of those claims were immediately debunked. 

OtterBox Aquires Rival Casemaker LifeProof

OtterBox, which makes the top-selling protective case for smartphones, has announced the acquisition of LifeProof for an undisclosed amount.

News of the acquisition comes one day after a lawsuit filed by OtterBox against LifeProof for patent infringement was dismissed. OtterBox told the North Carolina Business Report that the acquisition was not related to the lawsuit or any settlement. Headquartered in San Diego, LifeProof also makes protective cases and accessories for smartphones and tablets.

Over the next 30 days, OttberBox will beginning incorporating the LifeProof brand into OtterBox’s product lineup. More information about product availability and alignment will be available after that period. OtterBox currently has about 650 employees worldwide, while LifeProof, which was founded in 2009, employs about 250 people, who the companies say will remain in their San Diego location “for the foreseeable future.”

“Our strategy is to utilize our combined brand momentum, and world-class talent to create a great customer experience that generates OtterBox brand ambassadors for life,” Thomas said in the acquisition announcement.

In addition to its extremely durable smartphone cases, which are designed to withstand drops, water immersion and debris, OtterBox also makes protective coverings for other mobile devices such as tablets, as well as screen protectors and accessories. LifeProof’s cases are designed for people with very active lifestyles (or who are especially accident prone around mountains, concrete and bodies of water).


Source: OtterBox

Samsung Acquires 10 Percent Stake In Pantech

Samsung said Wednesday that it recently acquired a 10 percent stake in Pantech for about $48 million. While that may seem like a bizarre move, especially since the two firms compete in the lower-tier Android smartphone market, Samsung said it will help its business relationship with Pantech.

“Samsung Electronics has agreed to acquire a 10-percent stake in Pantech, valued at approximately KRW 53 billion,” the company said in a statement provided to The Next Web. “The investment is aimed at solidifying our relationship with Pantech, a key component customer of Samsung. Samsung will have no involvement in Pantech’s business management in any way or form.” Pantech purchased 235 billion won worth of components from Samsung last year alone, Yonhap News said, noting that the smartphone maker trails behind Samsung and LG in the South Korean cell phone market.

Samsung is now the third largest shareholder in Pantech. Qualcomm holds the largest share with an 11.96 percent stake in the company and Korea Development Bank holds an 11.81 percent stake.

Google Drive Android App Updated With ‘Scan’ For Storing Physical Documents

Google announced on its Google Drive blog today that it is rolling out an updated Google Drive app for Android that includes a couple notable new features.

The app’s UI has been overhauled and now displays your Drive files in a familiar grid style view:

You can swipe between files to see large previews that let you quickly review and discover the information you’re looking for. And if you want to keep some Drive files on your Android device, you’ll now be able to “download a copy” from the actions menu inside settings.

Another big update included in the latest version of Drive for Android is the ability to ‘scan’ and store physical documents as PDFs. The new scan option will allow users to snap photos of documents and save them within Drive as a PDF. Thanks to Optical Character Recognition, you’ll also be able to search for the scanned docs using keywords.

The update includes a number of other improvements as well including the ability to download a copy of your files in Drive your device’s local storage, improvements to editing features in Google Sheets, and much more:

What’s in this version:

• New grid view makes it easier to find your files
• New quick preview lets you view photos and other files from within the app
• Scan documents, receipts and letters for safe keeping in Drive; then search by contents once uploaded
• Download a copy of files to your local device (Honeycomb+)
• Spreadsheet editor now supports changing fonts, colors and cell alignment
• View properties of files from within the editors
• Bug fixes and visual improvements

Google Play Store download link

Source: Google Drive Blog

Yahoo announces Flickr Storage Has Been Bumped To 1TB

Yahoo is doing it big today, and during an event in New York they have announced a complete revamp of Flickr. The interface of the website has changed, and now features content blocks and full bleed images instead of the thumbnail or list view of the past. In addition, registered users now have 1TB (as in a terabyte) of free storage space to keep their photos (depending on the photo size is anywhere between 100,000 to 300,000 photos), more than any other online service.

Last December, the Flickr app for iOS received a nice update, and today Yahoo says the Android app will be updated to the same version. That includes a UI change away from the grid we have now to a more content-focused layout resembling the website, as well as better social sharing through Facebook and Tumblr, photo editing and filters via Aviary, and photo-viewing enhancements like zooming and photo details. The update is now live, so if you're a user be sure hit the Google Play and iOS link below to download.

Google Play Store link 

Apple App Store link

Sprint Improves Clearwire Bid, Says Its 'Best And Final Offer'

Sprint entered into an agreement to buy the remaining 50 percent of Clearwire that it doesn't already own for $2.97 per share, or around $2.2 billion. This morning Sprint announced that it's decided to up its bid to $3.40 per share, putting Clearwire at a value of $10.7 billion. Sprint says that this is its "best and final offer" for Clearwire and that it's bid is the "best strategic alternative" for Clearwire and its shareholders.

This improved Sprint bid bests the offer that Dish Network made for Clearwire in January 2013, which was set at $3.30 per share. While it remains to be seen which offer Clearwire will ultimately take, things definitely appear to be leaning in Sprint's favor. Not only does Sprint now have the higher bid, it also has the support of Clearwire's Special Committee and its board of directors. What's more, Sprint says that it's been told by Comcast, Intel and Bright House Networks that they all plan to vote their shares of Clearwire in favor of Sprint's merger. Those three companies own a total of approximately 26 percent of Clearwire.

Source: Sprint

Dish Network Reportedly Makes $2B Offer For LightSquared Spectrum

Dish Network is quite interested in entering the wireless business, and according to a new report, the company is now targeting LightSquared as a way to bolster its existing spectrum holdings. Source speaking to Bloomberg claim that Dish chairman Charlie Ergen recently offered to buy LightSquared's spectrum for $2 billion. The offer was reportedly made on May 15, and LightSquared's is said to have until May 31 to make a decision. Neither company has officially commented on the rumors, but the tipsters claim that LightSquared would use the funds to pay off its secured debt. 

LightSquared previously tried to build out its own 4G LTE wireless network, but the FCC shot down its plans to do so over concerns that its spectrum could interfere with GPS systems. Things went downhill from there, with Sprint ending its spectrum hosting agreement with LightSquared, followed by the company's decision to file for bankruptcy. LightSquared submitted new network plans with the FCC toward the end of 2012, but the federal agency has yet to approve that spectrum for use in a wireless network.

Meanwhile, Dish's spectrum has already been a go ahead by the FCC for use in a wireless network, and since then the company has been trying to find a partner to help it break into the wireless industry. The company has already made offers for Clearwire and Sprint, and now Dish apparently sees LightSquared as a good way to help it bolster its existing spectrum. Considering how desperate Dish has been to get into the wireless business, it's no surprise to see that it's now gunning for LightSquared's spectrum, especially after the issues that LightSquared has been having getting approval for its own network.

We'll have to wait until May 31 to see how this matter plays out, but it'll be interesting to see if Dish can snag LightSquared's spectrum and how that could influence Dish's potential deal with Sprint. It's also worth noting that Bloomberg's sources claim that Dish's offer is a "stalking horse agreement," which means that other company's could come in with a higher bid for LightSquared's spectrum. The next 11 days could be quite a bit more exciting than we'd previously anticipated, stay tuned for more details as they emerge. 

Source: Bloomberg

Sprint Gets Approval From SoftBank To Negotiate With Dish

Nearly a month after Sprint was given the ok from SoftBank to speak to Dish and gain more details about its $25.5 billion offer for the Now Network, it appears that the discussions are going to escalate a bit. Sprint tonight announced that it's received a waiver from SoftBank to discuss "non-public information" with Dish and to hold negotiations regarding Dish's bid for Sprint, two things that Sprint was not allowed to do during its previous talks with Dish.

Sprint also reminds us in its announcement that, as part of the terms of its deal with SoftBank, it can end its agreement with the Japanese carrier in order to pursue a better offer. Sprint is quick to point out that it hasn't yet determined if Dish's offer is superior to SoftBank's, though. The No. 3 carrier also says that its board of directors still supports its existing deal with SoftBank.

Sprint originally entered into an agreement with SoftBank late in 2012 that, if completed, will see the Japanese carrier dropping $20.1 billion for a 70 percent stake in Sprint. Dish then surprised most everyone with its own $25.5 billion offer for Sprint in April 2013, and since then Sprint has been contemplating the bids while SoftBank and Dish exchange comments about whose offer is superior.

Exactly how this whole situation will play out is still a mystery, but SoftBank's bid for Sprint did recently get approval from the SEC, and Sprint's shareholders are now scheduled to vote on the offer on June 12. SoftBank also expects the deal to close on July 1. Meanwhile, Dish is still fighting for its offer, and the company has even put in a $2 billion offer for LightSquared's wireless spectrum that could increase the odds of its bid being selected. If you were Sprint, which offer would you choose?

Source: Sprint

Dell’s $100 Thumb Sized Android PC To Ship To Developers By July

Project Orphelia, a thumb-sized drive that turns any display with an HDMI port into an Android PC, is to start shipping in July at a price of around $100, reports PCWorld. It’s similar in form factor to a USB key, and simply plugs into any modern TV or monitor.

The first units will be offered to developers, with consumers expected to be able to get their hands on one around August.

While the portability of the device is appealing, you’re still going to need a Bluetooth keyboard and mouse to do anything useful with it, raising questions as to how well it can really compete with a tablet or ultrabook. But Dell says it is working on a “keyboard like technology’ to go with it.