Openwave Systems, well-known for its mobile browser technology, has agreed to sell its mediation and messaging product businesses to Marlin Equity Partners.

The businesses will then be renamed as Openwave Mobility and Openwave Messaging, while Openwave’s remaining business unit will be renamed Unwired Planet.

ZumoDrive, the cloud-based file storage service that was acquired by Motorola Mobility at the end of 2010, is to be closed.

Users who signed up via the ZumoDrive website or the ZumoDrive mobile application are being encouraged to download and save their data. Yahoo! My Drive users are also affected.

The European Commission has opened an in-depth investigation into Vodafone, Telefónica and Everything Everywhere’s plans to create a UK-based mobile commerce joint venture.

The scheme, which was announced in June last year and has been nicknamed ‘Project Oscar, will now be investigated to see whether it would reduce effective competition in the European Economic Area. A decision will be made by the end of August.

Everything Everywhere is planning to close a combination of 31 Orange and T-Mobile stores in the UK, replacing them with shops that sell both mobile networks. As a result, 28 retail management roles are expected to be lost, although Everything Everywhere says it’ll be looking to redeploy people where possible.

In addition, a head office reorganisation will see a further 67 retail roles cut. However, the company also says 50 new office-based roles will be created.

Mark Bridge writes:

At the beginning of last week, Facebook and Instagram were the talk of the mobile industry. Was this billion-dollar deal the sign of another tech bubble?  Facebook’s fast track into mobile?  Facebook moving to cement its dominance of online photography?  You, the jury, decide.