In the corporate world, the concept of buying, selling and
merging different companies is no longer something out of the ordinary. As a
lot of companies experience losses and other financial hardships, many of them
will resort to selling their assets to other companies to stay afloat. On the
other hand, more stable companies may acquire other businesses in order to either
expand their product line or even lessen the competition.
And the tech industry of course is no exception from this
practice. In the past we’ve seen different companies do the buy and sell
process in order to be saved from bankruptcy or other financial woes while for
others it’s more for strategy.
In this week’s edition of Tech Tuesday’s on TFL, we’ll be
talking about two companies who have either bough something to strengthen its
portfolio or sold something in order to prevent the business from going
bankrupt. And as an added bonus, we’ll be talking about a much anticipated
gadget that will soon reach Philippine shores these coming weeks.
GOOGLE BUYS BUFFERBOX
The search engine giant is trying to take on Amazon with its
latest acquisition – Bufferbox. For everyone’s information, Bufferbox is an
online service that compliments your purchases online by allowing the users to
order things online and then deliver the package to a locker in a local store. The
locker can then be unlocked using a PIN code as a key.
This process is more convenient as users will have more time
to claim their purchases in a more flexible time compared if it was shipped through
a postal service. Amazon offers a very similar service called Amazon Locker which
is available in 7-Eleven stores and is schedules to be available in Staples and
Radio shack stores as well.
NOKIA SELLS HQ IN
FINLAND
It seems that the Finnish mobile phone manufacturer is still
not having a few financial hurdles And this is clearly evident when it just
sold today its headquarters office in Finland for 170 million euros. According
to Nokia, they are at present prioritizing other resources in order to keep the
company’s normal flow of operations and at this time, investing in real estate
is not really part of the Nokia’s core businesses.
However, Nokia will still use the 48,000 square meters of
office real estate as they will continue their operations in the said building,
but on a lease. The building has been housing Nokia’s HQ since 1997 and is
located in Espoo, Finland.
APPLE iPHONE
PHILIPPINE BOUND BY DECEMBER 14
Last but definitely not the least, the Apple iPhone 5 is
schedule to hit Philippine shores by December 14 along with several other
countries including Albania, Bahamas, Bahrain, Bolivia, Chile, Indonesia,
Israel, Malaysia, Panama, Qatar, Russia, Saudi Arabia, UAE and Venezuela to
name a few.
The fifth generation iPhone is already schedule to arrive at
Samsung’s territory – South Korea by December 7. While a third wave of
countries will experience the iPhone on December 21 including Vietnam, Egypt,
Madagascar and several other countries from Africa.
So there you have it everyone. Join us again next week as we
bring you the latest news on the tech world. You may also want to subscribe to
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