Sprint Nextel Corporation (NYSE:S): A possibly unprecedented agreement has been reached between Patent holding firm NTP and 13 mobile technology vendors, including Apple, Google, Microsoft, AT&T, Verizon Wireless, Sprint Nextel, T-Mobile, HTC, Motorola Mobility (now owned by Google), Palm (now owned by Hewlett-Packard), LG Electronics, Samsung, and Yahoo. The simultaneous settlements could represent the first time a patent holder made its patents available in a one-time settlement deal with the main part of a single industry, states Ron Epstein, who is the founder of Epicenter Law and settlement counsel for NTP.
General Electric Company (NYSE:GE): Today, GE Antares, a unit of GE Capital, announced it served as administrative agent on a $405 million senior credit facility which will support the acquisition of Tank Holdings Corp. by Leonard Green & Partners. GE Capital Markets took the role of lead left arranger and joint bookrunner for the transaction.
Corning’s (NYSE:GLW) wholly owned subsidiary, Corning Singapore Holdings Private Limited, and Samsung Display Co., Ltd. signed a Memorandum of Understanding with the government of Wuxi New District, China, as an attempt to establish a new equity venture for the manufacture of TFT-LCD glass substrates in China. The new equity venture is predicted to be formed later in the year, subject to receipt of regulatory approvals, and will be an extension of the decades-long alliance between the companies. Also, it will leverage Corning’s LCD glass substrate technology and Samsung Display’s LCD display expertise. The new entity will provide LCD glass substrates to Samsung Suzhou LCD Co., Ltd. in China.
Nokia Corporation (NYSE:NOK) completed its acquisition of Scalado’s tech and team, which promises a next generation of camera functionality for future Nokia devices.
Microsoft Corporation (NASDAQ:MSFT) could allow Dell (NASDAQ:DELL) to develop a Windows RT tablet, according to Business Insider. After an earlier report from Unwired View, Business Insider confirmed that Dell was making a Windows 8 tablet, but did not elaborate on details concerning architecture or specs.
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