Mergers & Acquisitions, Electronics | featured news

According to internal documents obtained by the website TechCrunch, Microsoft has offered $1 billion for the digital assets of Nook Media, Barnes & Noble's digital book venture. According to internal documents obtained by the website TechCrunch, Microsoft has offered $1 billion for the digital assets of Nook Media, Barnes & Noble's digital book venture.

AT&T acknowledged that it could not overcome opposition from the Obama administration to creating the nation’s biggest cellphone service provider. The company said in a statement that it would continue to invest in wireless spectrum, but could not overcome resistance from both the Justice Department and the Federal Communications Commission. It added that American wireless customers “will be harmed and needed investment will be stifled” by the regulators’ decisions.

Atty. Gen. Kamala Harris and six other state attorneys general join the Justice Department's antitrust suit, say the deal would result in less competition in the wireless market.

Opponents of AT&T’s proposed merger with T-Mobile filed last-minute petitions to federal regulators Tuesday in hopes of blocking the $39 billion mega-deal. But they are going up against a deep-pocketed telecom giant that’s just getting started on its own campaign to influence the decision.

Swedish-based producer of home appliances group Electrolux is one of two preferred bidders for Daewoo Electronics.

Surprise. Apple has agreed to purchase mobile advertising startup Quattro Wireless for $275 million, All Things Digital reported Monday. That Quattro would be targeted after Google bought rival mobile ad seller AdMob for $750 million by Google last year is no surprise.