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T-Mobile is reportedly much closer to a merger deal with Sprint

It looks like a potential merger deal between T-Mobile and Sprint, two of the major telecom companies in the U.S., is getting closer and now has set valuation terms, according to a report by Bloomberg.
The deal could be announced as soon as Sunday, according to a report by CNBC. The proposed tie-up of the two companies was called off in November last year, but now that deal appears to be coming closer, with T-Mobile’s backer valuing Sprint at around $24 billion, according to Bloomberg. As part of the deal, Deutsche Telekom AG will get a 69% voting interest on a 42% stake in the company, according to that report. (Both reports, however, disagree on the valuation — with CNBC citing a $26 billion valuation.)
This deal seems to have been a long time coming, and consolidates two of the four major telecom providers in the U.S. into one larger entity. That could, in theory, offer it some more flexibility as they expand into 5G networks. Still, a deal of this scale could still fall apart and would be subject to regulation — with significant international ownership of both companies (Softbank for Sprint, and Deutsche Telekom for T-Mobile).
Sprint shares fell more than 8% in extended trading to under $6, while T-Mobile shares were largely unchanged. Shares of Sprint were up around 8% on the day up to $6.50 in early trading.
A representative from Sprint declined to comment. A representative from T-Mobile did not immediately respond to a request for comment.

T-Mobile is reportedly much closer to a merger deal with Sprint

Snap is reportedly laying off around 100 employees

 Snap is laying off around 100 employees that are part of its engineering staff, according to multiple reports from CNBC and Cheddar. The company expects to lay off as many as 100 people in the engineering department, according to those reports. It’s another sign of potentially re-aligning efforts as it looks to remake itself into something that’s differentiated from products… Read More

Snap is reportedly laying off around 100 employees

Uber is reportedly preparing to sell its Southeast Asian business to Grab

 Uber is preparing to sell its Southeast Asian business to Grab in exchange for a stake in the Singaporean ridesharing company that has a big presence in that region, according to a new report from CNBC. Read More

Uber is reportedly preparing to sell its Southeast Asian business to Grab

Analyst Estimates On iPhone 5 Launch Weekend Sales Range From 3M-10M

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Analysts have begun making their predictions about the iPhone 5′s odds of success for launch weekend sales, and in fact there’s quite a range when it comes to how the experts see things shaking out. After Apple unveiled iPhone 5 pre-order totals of 2 million over 24 hours, double the 1 million the iPhone 4S managed, it would seem like multiplying out the 4S launch weekend total of 4 million total sales is a safe bet. But that’s not necessarily the tack all industry analysts are taking.

Shaw Wu of Sterne Agee, for instance, shared that his firm is estimating around between 3 and 3.5 million sales of the iPhone 5 during the launch weekend, but that’s just an extrapolated number Wu tells me, coming out of its quarterly projections for the device, and meant only to loosely represent the first few days as it relates to the rest of the three-month period. Overall, Wu said in an investor note today that estimates for the September quarter are up to 27 million, raised from 26 million projected before Apple revealed the strength of its pre-order success. The initial response also hasn’t significantly affected longer-term outlooks, with Agee adding only 500,000 (to make 46.5 million total) to its earlier prediction, owing to continued reports of supply constraints on the iPhone 5′s newly redesigned touchscreens.

Peter Misek of Jeffries thinks that Apple will indeed double its past performance, hitting around 8 million total units sold by the end of launch weekend, with pre-orders included. Misek thinks that a prevailing view on Wall Street that suggests supply constraints will keep the number at or below 6 million are overblown. Long-term, he told CNBC that he believes key drivers for Apple could be securing deals with Japan’s NTT DoCoMo, the last remaining major carrier in that country that doesn’t offer the iPhone, but lately there’s been talk that the iPhone 5 could in fact be a major pain point for DoCoMo, since no announcement has yet been forthcoming about bringing it to that carrier’s considerable LTE network.

Gene Munster, longtime champion of the standalone Apple TV and Piper Jaffray analyst, suggested Monday that Apple will deliver between 6 and 10 million iPhone 5 sales during launch weekend, likely hitting the 8 million sweet spot. That’s due in part to the 100 percent year-over-year increase in pre-order sales, but also based on the knowledge that pre-orders formed 25 percent of last year’s opening weekend sales, hence arriving at 8 million from 2 million pre-orders.

There are new variables at play this time, like an expanded pool of launch countries that includes Hong Kong, always a popular destination for grey market resellers. Even factoring in new countries, Asymco’s Horace Dediu predicted last week that we’d see around 6 million in initial sales, based on an increase in units sold per day in line with previous launches.

Unlike the 4S, this is also a complete visual redesign, and new aesthetics are bound to make a splash with the general buying public, aside from any consideration of features or specs, so that’s a variable that it’s hard to put exact numbers behind. Whatever happens, the bottom line is that iPhone 5 launch weekend sales likely won’t disappoint.


Analyst Estimates On iPhone 5 Launch Weekend Sales Range From 3M-10M

It’s Official: Apple Sends Out Invites For March 7th iPad 3 Event… In San Francisco

apple invite

Looks like CNBC was wrong. Apple just sent out invites for a March 7th event where they promise to have something we really want to see and touch. The event will be held next Wednesday at 10AM PST at Yerba Buena Center for the Arts in San Francisco where they will no doubt unveil the next iPad.

This confirms previous reports, besides CNBC’s recent tweet, that Apple was launching the next iPad in the first week of March.

No doubt the next iPad will be powered by a new CPU and rock LTE data connectivity. But will Apple maintain the same price? What will happen to the iPad 2? Will MG faint when it’s announced? These and others are the questions that we cannot wait to find out.


It’s Official: Apple Sends Out Invites For March 7th iPad 3 Event… In San Francisco