Items tagged with Acquisition

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 world's third largest PC maker. Icahn offered an alternative deal that was initially shrugged off by... 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 of course receive that information as well if another user reports it. It's clear, then, why Google... 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 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...
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