Items tagged with Acquisition

Chinese computer maker Lenovo is reportedly taking a long, hard look at acquiring Research In Motion (RIM), a Canadian handset and mobile software company. Lenovo, which is jockeying for position with Hewlett-Packard (HP) as the world's largest PC supplier, has already spoken with RIM about its interest in acquiring the company. The two sides, along with RIM's bankers, have also talked about different combinations of strategic ventures, Lenovo CFO Wong Wai Ming said. A transaction of this size would require clearing a lot of red tape, particularly since RIM is Canada's largest listed technology... Read more...
You don’t hear a lot about MIPS Technologies, Inc., but the company’s technology is important to the embedded processor industry and is found in millions of devices. It’s also apparently important to chip designers Imagination Technologies and Ceva, Inc. The former has now outbid the latter and is buying MIPS for $100 million. The two companies had been embroiled in a bidding war, but Reuters reports that in the end, Ceva wasn’t willing to pony up any more cash and conceded victory to Imagination. Imagination is taking a bit of a risk here, as the company will reportedly... Read more...
Cisco, which recently cracked a list of 25 top companies to work for, is committed to spending big money beefing up its cloud infrastructure. The latest indication of that is today's announcement that the company will fork over approximately $1.2 billion in cash and retention-based incentives to acquire Meraki, a privately held player in cloud controlled Wi-Fi, routing, and security solutions located in San Francisco, California. "The acquisition of Meraki enables Cisco to make simple, secure, cloud managed networks available to our global customer base of mid-sized businesses and enterprises.... Read more...
Sony and Olympus are kicking off the weekend by entering into a "business alliance agreement" and a "capital alliance agreement," which are essentially fancy ways of announcing a big time investment of one into the other. In this case, Sony is tossing about $645 million at Olympus in order to become the company's largest shareholder. After the investment is complete, Sony will own a 51 percent stake in Olympus, while Olympus will retain the remaining 49 percent. What's the point? For Sony, it gives the company easy entry into the profitable medical equipment business, a sector where Olympus is... Read more...
Nothing like a little acquisition to get the juices flowing. Motorola Solutions has just snapped up Psion Plc., a company that has a hugely storied history in consumer electronics. The deal will involve around $200 million, and will see Psion make the move under Motorola Solutions' umbrella. Psion is perhaps best known for their ruggedized computer solutions, and they've been hammering away at their own gear since 1980. Psion has approximately 830 employees, customers in more than 50 countries and delivered 2011 revenues of £176 million (approximately US $273 million). It's unclear what exactly... Read more...
It's said that a fool and his money are soon parted (just ask Nokia), but is Microsoft being foolish spending over a billion dollars to acquire Yammer, essentially a private social network for the enterprise? Time will tell, and while nothing has been officially announced yet by either Microsoft or Yammer, The Wall Street Journal heard from "a person familiar with the matter" that it's a done deal. Assuming this goes through, one can only wonder what Microsoft is thinking. One scenario WSJ thought of is adding more social features to Microsoft Office, even though SharePoint provides some of the... Read more...
Google can go ahead cross off "Acquire Motorola Mobility" from its to-do list, because as of today, the acquisition is officially a done deal, the sultan of search announced in a blog post. The deal, which jumped over several regulatory hurdles, including getting approval from the Anti-Monopoly Bureau of the Ministry of Commerce of China just a few days ago, lightens Google's purse by $12.5 billion, the price it paid to snag Motorola Mobility and its patent portfolio. "We all remember Motorola’s StarTAC, which at the time seemed tiny and showed the real potential of these devices. And as... Read more...
Dell announced plans to acquire Wyse Technology, a leader in cloud client computing. Wyse’s portfolio includes thin client solutions, desktop virtualization, and cloud software. The acquisition will expand Dell’s desktop virtualization capabilities and boost its enterprise products such as servers, networking, storage, and services. Financial details of the deal were not disclosed. The transaction has been approved by the board of directors of each company and is expected to be finalized during the second quarter of Dell’s Fiscal Year 2013. Dell Announces Intent to Acquire Wyse... Read more...
Advanced Micro Devices (AMD) kicked off the weekend by wrapping up its acquisition of server startup SeaMicro for a cool $334 million. It didn't take long to draw up the paperwork and work through the legalities of the more than quarter-of-a-billion dollar buyout, which was first announced less than four weeks ago. "Our unique fabric technology is truly one of the crown jewels of the cloud," said Lisa Su, senior vice president and general manager, Global Business Units, AMD. "The combination of this innovative technology with our processor design expertise greatly enhances our ability to attack... Read more...
Nearly one year ago, we told you about Western Digital's plan to acquire Hitachi Global Storage Technologies. Now, that acquisition is officially complete. The deal is effective March 8, 2012 and involved $3.9 billion in cash and 25 million shares of WDC common stock valued at approximately $0.9 billion. These shares give Hitachi, Ltd. approximately 10 percent of outstanding WDC shares. As part of the deal, Hitachi, Ltd. also has the right to appoint two individuals to WD's board of directors. The new WD plans to operate with WD Technologies (WD) and HGST as wholly owned subsidiaries. WD(R) Completes... Read more...
Both the U.S. Department of Justice and the European Commission gave Google their respective blessings to acquire Motorola Mobility for $12.5 billion, the two agencies said in separate announcements. Taking it one step further, the DoJ also said it would allow Apple, Microsoft, and Research In Motion (RIM) to purchase certain Nortel patents, and cleared the way for Apple to acquire certain Novell patents. "After a thorough review of the proposed transactions, the Antitrust Division has determined that each acquisition is unlikely to substantially lessen competition and has closed these three investigations,"... Read more...
Google has been trying to acquire Motorola Mobility and its thousands of patents for months. Soon, according to a Reuters report, the acquisition should receive approved from the European Commission and U.S. Justice Department. A decision about whether to approve the deal or ask for more review is expected as early as Monday. Even so, Google has to wait for approval from China, which can string the process out for months if it so chooses. Google CEO Larry Page (Photo credit: Business Insider) Assuming the deal does work out, Google will snag a small mountain of patents; in today’s tech world,... Read more...
The proposed merger between Google and Motorola is one step closer to completion. Recently, Motorola's stockholders voted with an overwhelming majority to approve the proposed merger with Google. At a recently held Special Meeting of Stockholders, approximately 99% of the voting shares voted in favor of the merger agreement. Approximately 74% of Motorola Mobility’s total outstanding shares of common stock were represented in this vote. The merger is still subject to various closing conditions that could delay or prevent the merger, but assuming all goes well, the merger is expected to close... Read more...
Yesterday’s announcement that LSI had entered into an agreement to acquire SandForce was interesting to say the least. The two companies have obvious synergy and should be able to leverage each other's resources to produce some powerful and innovative storage products. However, due to LSI’s strong position in the enterprise space and SandForce’s more consumer oriented position, along with the announcement’s minimal discussion of mainstream or desktop-targeted products, some questions lingered as to how LSI planned to market SandForce products moving forward. After all, dozens... Read more...
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