Items tagged with Acquisition

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 a prime acquisition option becomes available. While it's hard to speculate at this point... 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 Dell is worth closer to $24 per share, The New York Times reports. Dell via Flickr Southeastern Asset... 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 unaffiliated stockholders. Mr. Dell recused himself from all Board discussions and from the Board vote... Read more...
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 company. RIM is about to launch its much-anticipated BlackBerry 10 platform. The Canadian company has... 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 need to borrow as much as $22 million to complete the purchase. It will be competing with ARM in the... 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. These companies have the same IT needs as larger organizations, but without the resources to integrate... 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 already established. As part of the new business arrangement, Olympus and Sony will share certain camera... 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 Moto plans to do with such a company, but with mobility exploding, we can think of one or two... 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 same features as Yammer would. "Yammer is a secure, private social network for your company," Yammer... 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 a company who made a big, early bet on Android, Motorola has become an incredibly valuable partner to... 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 Technology 4/2/2012 - Round Rock, Texas Extends Dell’s desktop virtualization capabilities and... 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 the fastest growing portion of the server market with industry-leading low-power, low-cost, high-bandwidth... 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 Acquisition of Hitachi Global Storage Technologies Creates the Industry's Deepest Technology... 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," the DoJ said in a statement. "In all of the transactions, the division conducted an in-depth... 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, where companies sue each other for alleged patent infringement with astounding frequency, the guy... 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 in early 2012. Motorola Mobility Stockholders Approve Merger with Google LIBERTYVILLE, Ill. –... 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 of manufacturers that specifically target enthusiasts and desktop users offer products built around... Read more...
Cisco's at it again. With "at it" meaning "buying companies." While the company's killing of Flip Video will be the one that everyone remembers from 2011, they're also picking up BNI Video. Headquartered in Boxborough, Mass., BNI Video supplies service providers with two major video products that offer video back-office and content delivery network (CDN) analytic capabilities. The acquisition will purportedly advance the capabilities of Cisco's Videoscape TV platform, which allows service providers to deliver compelling video experiences to any device over any Internet Protocol (IP) network. Marthin De Beer, senior vice president and general manager of Cisco's Emerging Business Group, said this... Read more...
Rhapsody announced plans to purchase Napster from Best Buy. Although the full details of the deal have not been released, we do know that Best Buy will retain a minority stake in Rhapsody. The deal is expected to close on or around November 30 of this year. As a result of the deal, the subscriber bases of the two largest on-demand premium music services will be combined. Rhapsody is co-owned by Real Networks and MTV Networks. Rhapsody to Acquire Napster America's largest on-demand music service to add Napster's subscriber base to extend leadership position SEATTLE, Oct. 3, 2011 /PRNewswire/ -- Rhapsody, the nation's largest premium on-demand music service, today announced that it has signed an... Read more...
Hewlett Packard is shopping for a buyer to take its PC business off its hands, and there has been plenty of speculation as to which company might swoop in. One name that keeps coming up is Samsung, but that's now looking less likely than ever since Samsung CEO Geosing Choi said his company isn't interested. "To put to rest any speculation on the issue, I would like to definitively state that Samsung Electronics will not acquire Hewlett Packard's PC business," Choi wrote in a note to Wired.com. His written rhetoric doesn't leave much wriggle room for further speculation, so it's safe to take Samsung out of the running (although nothing would surprise us anymore after all the big headlines in tech... Read more...
If ever there was an iconic symbol of the original mobile phone handset, it would have to be the bat wings of Motorola.  From the StarTAC to the RAZR, Motorola has been at the forefront of the technology virtually since the beginning.  Though Motorola Mobility has been struggling to keep up in the ultra-competitive smartphone landscape recently, the company was quick to embrace the Android operating system for its entire product line of smartphones and in fact founded the Open Source Handset Alliance back in 2007.  If you're the type that likes to tinker with custom ROMs and such, you have Motorola to thank in-part for the privilege. Perhaps then, today's huge announcement may... Read more...
Information Week on late Friday afternoon posted about a deal between Microsoft and Nvidia that would give the Redmond software maker first dibs on acquiring Nvidia if a third party offers to buy the graphics chip maker for 30 percent or more of its outstanding shares. The deal, which Information Week quoted in a recent SEC filing dated May 27th, gives Microsoft the exclusive right to match such offers, and/or essentially veto attempts by its rivals to acquire Nvidia. That's an interesting position for Microsoft to be in, though hardly a new one. Missing from Information Week's quote of the "Risk Factors" section of Nvidia's most recent 10K filing with the U.S. Securities and Exchange Commission... Read more...
Prev 1 2 3 Next