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Former Best Buy chairman wants to take control

Former Best Buy chairman wants to take control

American technology retailer Best Buy Co. Inc. has confirmed that it’s received a letter from Richard Schulze, the company’s founder and former chairman, outlining an offer to acquire all the Best Buy shares he doesn’t already own. Mr Schulze resigned as chairman in June this year.

His offer of $24 to $26 per share is significantly above the current trading price for the company’s shares, which are trading at around $20.

Author: The Fonecast
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UK mobile veteran to lead Bluetooth Special Interest Group

Mark Powell, who started his mobile career at Technophone Ltd before working for Nokia, Motorola and Kineto Wireless, has been appointed as the new executive director of the Bluetooth Special Interest Group.

Mr Powell co-founded Kineto Wireless in 2001, working as vice president of the company’s client software business before joining the Bluetooth SIG.

Author: The Fonecast
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Mobile healthcare is expected to be worth £7.6 billion by 2018

A new report from healthcare industry analysts GlobalData forecasts that the value of the global mobile health (m-Health) market will grow from $1.2 billion last year to $11.8 billion by 2018, the equivalent of 39% growth every year.

mHealth, which involves the use of mobile applications and devices to monitor a patient’s health remotely, is growing as the adoption of smartphones and tablets increases.

Author: The Fonecast
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