Facebook Inc (NASDAQ:FB) has received approval by the European Union to purchase WhatsApp for $19 billion. The EU was concerned that Facebook’s acquisition of WhatsApp could harm communication in the telecommunications market. The European Commission has determined that the acquisition will not impede competition though.
Samsung Electronics Co Ltd (KRX:005930) announced a new device called the Power Sharing Cable. The device lets users transmit energy from one Galaxy device to another. For example, the Galaxy S5 can charge the Galaxy Gear smartwatch.
BlackBerry Ltd (NASDAQ:BBRY) announced that the BlackBerry Passport has sold out on its website. The Passport was priced at $599, which is down from the retail price of the $699.
AT&T and the Chernin Group run a joint venture called Otter Media. Otter Media has now purchased a controlling stake in Fullscreen, which is one of the most popular YouTube channels.
Mobli Media has announced that it has acquired Pheed. Pheed is a social media network. The terms of the deal were undisclosed, but sources with Mashable report that it was for about $20 million. Mobli plans to invest $10 million to reintroduce Pheed as a standalone platform. Launched in 2012, Pheed currently has 5 million users. It is a teen-focused platform which allows users to share photos, video, and audio.
Mobile payments company Square has reportedly raised $100 million in a new round of funding with a valuation of about $6 billion, according to financial filings.
Earlier this week, T-Mobile hosted its 7th Un-Carrier event where the “Wi-Fi Unleashed” campaign was announced. All T-Mobile smartphones will be able to use Wi-Fi calling and texting like the Apple iPhone 6 and Apple iPhone 6 Plus.
Yo, the popular messaging app, lets users send the word “Yo” back-and-forth. Yo has hit over 100 million messages so far. Yo launched the ability to send attached links and hashtags last month.