Tag Archive: $3.5


Pandora is being purchased by SiriusXM for $3.5 billion

The deal should be completed in Q1 2019.

Pandora, one of the oldest names in the music streaming market, is being purchased by SiriusXM for $ 3.5 billion in stock. The deal was announced on Monday, September 24, and SiriusXM expects that everything should be finalized around the first quarter of 2019.

According to CNBC, the acquisition includes a “go-shop” provision. With this, Pandora “may actively solicit, receive, evaluate and potentially enter negotiations with parties that offer  [Read More…]

T-Mobile inks $3.5 billion deal with Nokia over 5G network equipment

T-Mobile starts laying the groundwork for its 5G network.

T-Mobile has announced that it is teaming up with Nokia to deploy its 5G network. The $ 3.5 billion deal will see Nokia provide T-Mobile with 5G equipment as well as software and services support. T-Mobile’s initial 5G push will include 30 cities, with work set to commence this year. The carrier is building its 5G network on 600MHz and 28GHz millimeter wave spectrum comliant with the 3GPP  [Read More…]

LG ordered to pay $3.5 million in damages to Core Wireless over patent violations

Core Wireless, a company which holds numerous patents for 2G, 3G, and 4G LTE network technologies, has been awarded $ 3.5 million in damages after a jury found the LG violated two patents owned by the company. The patents concerned smartphone user interfaces, and the jury awarded Core Wireless $ 0.10 in damages per unit.

From Core Wireless:

Core Wireless alleged that most of LG’s recent smartphones, including its leading LG G4 model, infringe two  [Read More…]