PATREONItems tagged with Acquisition
They say everything's bigger in Texas, and maybe that includes acquisitions too. How else do you explain Texas Instruments (which is located in Texas) spending a staggering $6.5 billion acquiring National Semiconductor? That breaks down to $25 per share in what amounts to an all-cash transaction. Here's what TI had to say about the purchase. "This acquisition is about strength and growth," said Rich Templeton, TI's chairman, president and chief executive officer. "National has an excellent development team, and its products combined with our own can offer customers an analog portfolio of unmatched depth and breadth. In recent years, National's management team has done an outstanding job of improving...
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Western Digital plans to acquire Hitachi Global Storage Technologies in a cash and stock transaction valued at approximately $4.3 billion. The resulting company will retain the Western Digital name. By combining these companies, WD says the end result will be a “customer-focused storage company” that will offer the industry’s broadest product lineup. Some of the benefits WD expects to gain from the acquisition include enhanced R&D capabilities, comprehensive market coverage, and scale that will further enhance the cost structure. Western Digital to Acquire Hitachi Global Storage Technologies Combination of Hard Drive Companies Will Create Industry's Broadest Product Portfolio...
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Intel, the largest chip maker on this or any other known planet, cleared at least one major hurdle in its attempt to acquire security firm McAfee. That hurdle? The Federal Trade Commission, which has given the proposed $7.68 billion deal its stamp of approval. "The Federal Trade Commission has concluded its review of the proposed McAfee transaction and has cleared it. We are continuing to work with the staff at the European Commission as they continue their review," Kevin Sellers, Intel VP of Investor Relations, said in a statement. The FTC's approval comes just days after mutterings that European regulators might not be too keen on the deal because of antitrust concerns. According to a report...
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If you owned a deal-of-the-day website, how hard would it be to turn down a $6 billion buyout offer from Google? Probably really difficult, but Groupon didn't bat an eye when it told Google to take a hike. That's hard to fathom. According to reports, each board member would have received millions, if not hundreds of millions by signing on the dotted line. And what about Groupon co-founders Brady Keywell and Eric Lefkofsky? They would have cashed out with $600 million (Keywell) and $1.8 billion (Lefkosfky). So how on earth did they manage to turn down the offer? Maybe they didn't. According to a report in Business Insider, Google's Marissa Mayer hinted that the deal may not have been nixed, but...
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All the "I"s are dotted and the "T"s are crossed in Hewlett Packard's $1.2 billion acquisition of Palm, which was finalized on Thursday, HP announced. That means HP can officially begin putting into motion whatever plans it has for Palm's technology, and most notably the newly acquired webOS platform. "With webOS, HP will deliver its customers a unique and compelling experience across smartphones and other mobility products," said Todd Bradley, executive vice president, Personal Systems Group, HP. "This allows us the opportunity to fully engage in growing our smartphone family offering and the footprint of webOS." There has been plenty of speculation that webOS's footprint would include a tablet,...
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Not sure if you've noticed, but Linux is quietly gaining steam. Android is becoming a huge mobile OS, Ubuntu is getting more and more attention, and now Linux builds are fetching huge amounts of money from mainstays in the industry. We're talking about Phoenix Technologies, which was recently purchased by HP for a staggering $12 million. Hewlett-Packard, which has yet to close their mega-purchase of Palm, is also back on the acquisition trail. Phoenix is known mostly for their work on a Linux-based quick boot OS as well as their client virtualization assets, both of which seem to be quite valuable in HP's eyes. HP is picking up HyperSpace, which is said to be a variant of the Linux OS that enables...
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Intrinsity. It's a company you have probably never, ever heard of in your entire life. And if it weren't for a little company from California called "Apple," you may perish without ever hearing of them, either. But that's not exactly the case anymore, as Apple has just decided to plunk down the necessary funds in order to acquire Intrinsity, much like they did with P.A. Semi a few years back. Apple has been on a quiet acquisition rampage over the past couple of years. They've managed to pick up P.A. Semi (a chip designing company), LaLa (a music streaming company), and now Intrinsity (another chip company). And those are just the three we know about. The tiny Texas-based company was greatly responsible...
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IBM Acquires Intelliden Inc. ARMONK, N.Y., - 16 Feb 2010: IBM (NYSE: IBM) today announced it has acquired Intelliden Inc., a leading provider of intelligent network automation software that enables organizations such as telecommunications companies to configure, manage and scale their networks. Intelliden, a privately held company, is based in Menlo Park, Calif. Financial terms were not disclosed. Intelliden provides network automation solutions, which are becoming essential for enterprises to automate the configuration of thousands of manually managed network devices like hubs, routers and switches from dozens of vendors. These solutions also can automate an array of network services that...
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Hoping to better target the mobile Internet market, Lenovo announced that it is planning to buy back the entire interest of Lenovo Mobile Communication Technology from a group of investors. Lenovo is putting up $200 million in cash and stock to reacquire its former mobile business sold to a group of investors in March 2008. The announcement shows just how anxious PC makers are to get in on the handheld smartphone market, especially since we're seeing more convergence between the personal computing and mobile handset industry. It also shows how important China is to the market with its 700 million mobile subscribers. Given that Lenovo Mobile currently ranks No.3 in China’s mobile handset market...
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Just 72 hours after IBM shipped out its 50 millionth Wii processor, we're now learning that said company could be looking to expand via acquisition. In a breaking Wall Street Journal report, it's stated that International Business Machines is already "in talks" to buy Sun Microsystem, a move that would reportedly "bolster IBM's heft on the Internet, in software and in finance and telecommunications markets."In reality, IBM and Sun aren't that much different to begin with. Both companies construct computer systems for corporate and enterprise clients, both rely heavily on Windows and neither rely (too) heavily on Intel. Oh, and they both strongly support Linux, Java and free coffee for office...
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The Department of Justice approved Verizon Wireless’ $28 billion purchase of Alltel, but the deal is subject to a few stipulations. More specifically, Verizon Wireless will be required to divest wireless assets in 100 markets encompassing 22 states. The sale of assets doesn’t mean Verizon Wireless will lose service in the areas affected by the order. Instead, it means Verizon Wireless will sell licenses where the merger with Alltel would give the company duplicate licenses. The entire states of North Dakota and South Dakota; major portions of Colorado, Georgia, Kansas, Montana, South Carolina, Utah, and Wyoming; and sections of Alabama, Arizona, California, Idaho, Illinois, Iowa, Minnesota, Nebraska,...
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NVIDIA completes Acquisition of AGEIA TechnologiesSANTA CLARA, CA — FEBRUARY 13, 2008 — NVIDIA (Nasdaq: NVDA), the world leader in visual computing technologies and the inventor of the GPU, today announced that it has completed the acquisition of AGEIA Technologies, Inc., the industry leader in gaming physics technology. AGEIA's PhysX® software is widely adopted with more than 140 PhysX-based games shipping or in development on Sony Playstation 3, Microsoft XBOX 360, Nintendo Wii, and gaming PCs. AGEIA physics software is pervasive with over 10,000 registered and active users of the PhysX SDK ......
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With Acer's recent announcement that it would acquire Gateway for $710 million, a price many considered to be well above the market value for Gateway, one would think that shareholders would be happy. Oddly enough, that not only doesn't seem to be the case, but quite the opposite: Some shareholders are suing over the acquisition.The law suit revolves around certain information not being properly disclosed:"The Company’s directors breached their fiduciary duties to stockholders by approving the Merger Agreement and the transactions contemplated thereby, including but not limited to the Offer, and claims that these transactions are both unfair and coercive to the public stockholders in a sale...
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AMD COMPLETES ATI ACQUISITION AND CREATES PROCESSING POWERHOUSE -Focused to Drive Innovation, Choice and Growth in the Industry with First Platform Solutions in 2007- -Unveils "Fusion" Initiative for Industry's First Integrated CPU/GPU Silicon Solutions- SUNNYVALE, CALIF. - Oct. 25, 2006 - AMD (NYSE:AMD) today announced the completion of its approximately $5.4 billion acquisition of ATI Technologies Inc. Combining the complementary strengths of the two technology leaders, the new AMD opens for business as a processing powerhouse committed to driving innovation, choice and growth in the technology industry. With approximately 15,000 employees, the company merges AMD's technology...
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AMD'S PROPOSED ACQUISITION OF ATI RECEIVES MERGER CONTROL CLEARANCE IN TAIWAN SUNNYVALE, CALIF. and MARKHAM, ONTARIO - Oct. 2, 2006 -Advanced Micro Devices, Inc. (NYSE: AMD) and ATI Technologies Inc. (TSX: ATY, NASDAQ: ATYT) today announced that the Fair Trade Commission of Taiwan has cleared the proposed acquisition of ATI by AMD. The proposed acquisition, announced on July 24, 2006, still remains subject to the approval of ATI shareholders, court approval of the plan of arrangement, approval by the Minister of Industry under the Investment Canada Act and other customary closing conditions. Subject to satisfaction or waiver of these conditions, the transaction is expected to be completed...
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DigiTimes has managed to sit down with AMD's EVP Henri Richard to hear his comments regarding the company's recent acquisition of ATI. In short, it appears as though AMD sees several aspects of the industry which they needed to focus their attention on and be sure to participate in to remain a successful company in five years. Unfortunately, AMD did not have the means or ability to produce products in those areas. Fortunately, ATI managed to have a foot in several of those doors and the acquisition of the company will allow AMD to participate in markets which it otherwise have never been exposed to. Love it or hate it, you can't deny that this turn of events will certainly result...
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CoolTechZone has posted an editorial outlining their thoughts on NVIDIA's recent acquisition of chipset maker ULI. Regardless of what your take is on NVIDIA's reasons for buying ULI, it seems safe to assume that everyone can agree this will likely have a significant impact on the chipset market in general. The immediate benefit would seem to be gaining a bit more street credit in Taiwan thanks to ULI's reputation there. Beyond that, it's unsure what segments this new engineering group will be focusing on though the editor seems to think the Intel IGP and mobile markets are the probable answers.NVIDIA also has presence in India and other countries globally, but not in Taiwan, which is the motherboard...
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