Mobile phones

Thorsten Heins

Jim Balsillie and Mike Lazaridis, founders and co-CEOs of Research In Motion, the company that produces the famous BlackBerry, have resigned their resignations. In their place Thorsten Heins was named on the recommendation by Balsillie and Lazaridis.

Yesterday Google announced the acquisition of Motorola Mobility for $40 a share which gives a total of $12.5 billion which represents a premium of 63% over the closing price on August 12. The deal includes Motorola Mobility’s 17,000 patents.

Taiwanese mobile phones manufacturer HTC Corporation announced that it has acquired S3 Graphics, a company specializing in graphics chips, for $300 million to be paid in cash in a deal that should be completed by the end of this year. The actual target of the acquisition are the 235 S3’s patents.