Items tagged with Acquisition

Lenovo, the world's top supplier of PCs, has completed its acquisition of Motorola Mobility from Google, the company announced today. Armed with the Motorola brand and Motorola's portfolio of smartphones such as the Moto X, Moto G, Moto E, and the Droid series, along with upcoming models, Lenovo has positioned itself as the world's third larger maker of smartphones behind Samsung and Apple. It came as a comparative bargain, too. Lenovo's $2.91 billion buyout of Motorola Mobility comes a little over a year since Google acquired the division for $12.5 billion, though Google retains a majority of... Read more...
AT&T last month inked a deal with DirecTV to acquire the satellite TV service provider for around $48.5 million in a cash and stock deal. Now all that waits is regulatory approval, but one thing the suits in charge will have to figure out is what the real cost will be to consumers. One of the concerns is that deal like this could ultimately limit consumer choice. As far as AT&T is concerned, the deal is a good one for consumers because the combined companies would be able to offer lower prices on satellite TV and broadband Internet service bundles, which would then put the pressure on cable... Read more...
History may look back at this time period and consider it the era of consolidation, especially in the technology sector. Hence, we're not shocked to learn that Sprint has agreed to buy T-Mobile for roughly $32 billion, though there are some significant hoops and obstacles to maneuver if a deal like this is to go through. The first one is coming to agreement on all of the little details. According to a report in The Wall Street Journal, the two wireless carriers both feel the price is right -- Sprint would pay about $40 per share for T-Mobile. However, a formal contract hasn't yet been drawn up.... Read more...
The deal that will see Microsoft gobble up Nokia’s Devices and Services business was announced back in September and was expected to be finalized in Q1 2014. That hasn’t happened yet, but both Microsoft and Nokia have put out press releases pledging that the deal will be complete in April. The deal has cleared regulatory hurdles in 15 countries, including the green light from the European Commission and the U.S. Department of Justice, but there have been some delays in Asia--”The transaction is pending approvals from certain antitrust authorities in Asia which are still conducting... Read more...
What happens when two giants unite? We're about to find out, as Comcast on Thursday announced that its board of directors approved a definitive agreement to acquire Time Warner Cable in a deal worth approximately $45.2 billion. Comcast describes the agreement as a "friendly, stock-for-stock transaction" in which owners of Time Warner Cable stock will receive 2.875 Comcast shares for each share they own, effectively valuing Time Warner Cable's stock at $158.82 per share. Comcast and Time Warner Cable are the two biggest cable companies in the U.S. By joining forces, Comcast absorbs Time Warner Cable's... Read more...
It wasn't all that long ago that Amazon was solely an online bookseller. And then, it became an online superstore. And out of nowhere, it plunged into the hardware realm with its famed Kindle brand. The company doesn't seem like it's going to stop branching out anytime soon, hence a full force of rumors surrounding a future Amazon game console. Those rumors gained some backing this week as the company officially acquired Double Helix Games, a gaming studio that was founded in 2007 and employs some 75 people. Those people will now become Amazon employees, with Amazon stating that the acquisition... Read more...
Google's ongoing efforts to infiltrate your homes with different types of digital gadgets continues with the acquisition of Nest Labs, a maker of modern day digital thermostats and smoke alarms. Not for the faint of wallet, Google agreed to pay $3.2 billion cash for Nest Labs, which was founded by Tony Fadell, the former Apple senior vice president who worked with Apple co-founder Steve Jobs in helping to design the iPhone. "Nest’s founders, Tony Fadell and Matt Rogers, have built a tremendous team that we are excited to welcome into the Google family," Google CEO Larry Page said in a statement.... Read more...
Following months of back and forth between Michael Dell, Dell's board of directors, and a few outspoken shareholders such as Carl Icahn, the world's third largest PC maker is now back in the hands of the man who started it all. Dell announced today the completion of its acquisition by Michael, the company's founder who was also serving as chairman and chief executive officer, and Sliver Lake Partners, an investment firm. "Today, Dell enters an exciting new chapter as a private enterprise," Michael said in a statement. "Our 110,000 team members worldwide are 100 percent focused on our customers... Read more...
At this rate, Yahoo is apt to acquire a company a week -- or so it seems. Since Marissa Mayer came to town as CEO, she has been on an acquisition rampage. Company after company has been swooped up by Yahoo, reportedly due to Mayer's desire to procure talented developer and engineering resources at an accelerated rate. This week, IQ Engines came out of the woodwork in order to announce that it too has been acquired by Yahoo. The company's primary objective was to "transform the way people search and browse their photos by helping to process them intelligently." So, obviously, this particular move... Read more...
It wasn't that long ago when it seemed like Michael Dell was well on his way to acquiring the company he founded. Michael, along with Silver Lake Partners and an investment from Microsoft, put together a $24.4 billion buyout bid that was unanimously approved by Dell's board of directors. The deal would pay shareholders $13.65 per share, and then Michael and his company would ride off into the sunset, going private along the way. Billionaire businessman and Dell shareholder Carl Icahn has been one of the most outspoken opponents of the deal, claiming that Michael's offer severely undervalues the... Read more...
If you were the market's leader in maps, what would you do? If you'd seek out one of the hottest GPS mobile apps, then your train of thought would align to Google's. A deal has been rumored for the past week, but it seems certain today: Google has acquired Waze for a cool $1.1 billion, beating out Facebook to the acquisition. Waze is a GPS app first and foremost, but it goes beyond the others by crowdsourcing information to make the information it spits back a lot more useful. With it, you can automatically contribute traffic data to the pool, and manually report accidents and other hazards. You'll... Read more...
It was revealed earlier this week that Google has a current cash stockpile of $45 billion, and it's led some to wonder what the company might want to do with it. The same questions have surrounded Apple for quite a while as well, and with its hoarding of an enormous $137 billion, it's no wonder. As far as Google is concerned, though, there's no rush. What's important is having the cash on-hand when it's needed. Case in point: Google's acquisition of Motorola, which set it back $12.4 billion. While a far cry from $45 billion, no company wants to be left insufficient funds when... Read more...
Michael Dell, along with partners Silver Lake Management and Microsoft, are anxious to complete a takeover bid of the world's third largest PC maker, but not everyone involved is gung-ho to get it done. Southeastern Asset Management, Dell's biggest outside shareholder, plans to fight the acquisition on the basis that Mr. Dell's takeover price isn't high enough. Michael Dell and his investment partners struck an agreement with Dell's board to acquire the company for $13.65 per share, valuing the company at $24.4 billion. However, Southeastern Asset Management wrote in a letter to the board that... Read more...
It happened. Dell today announced it has signed a definitive merger agreement in which company founder, Chairman, and CEO Michael Dell will acquire the company for approximately $24.4 billion. Microsoft and Silver Lake Management are also involved the transaction, which had been rumored for weeks. "The Dell Board of Directors acting on the recommendation of a special committee of independent directors unanimously approved a merger agreement under which Michael Dell and Silver Lake Partners will acquire Dell and take the company private subject to a number of conditions, including a vote of the... Read more...
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