For college basketball fans, it's been a crazy weekend, and March as a whole. That's why it's called March Madness, and this time around, there were a number of notable upsets and surprises, like Michigan State advancing to the Final Four (I had them getting knocked out by Virgina in the second round). As wild of a ride it's been, it all pales in comparison to the rumor floating around that Samsung might be interested in acquired AMD.
Chides company and shareholders’ lawyers for ‘abdication of their responsibility’
We are sure Hewlett-Packard would like nothing more than to efface the memory of its disastrous 2011 acquisition of British software company Autonomy, but that is unlikely to happen anytime soon as right now it is struggling to get a federal judge to accept its settlement proposals in a shareholder lawsuit over the multi-billion dollar debacle — a $11.1 billion acquisition that resulted in a $8.8 billion write-down a year later, of which $5 billion was said to be on account of “serious accounting improprieties, misrepresentation and disclosure failures” at Autonomy.
Microsoft's mobile play is reportedly worth $200 million
Consumers aren't the only ones looking to make purchases during the ongoing Black Friday and Cyber Monday festivities, firms are going on spending sprees as well. One of them is Microsoft, which today announced it has acquired Acompli, a venture-backed startup in San Francisco that offers a self-titled mobile email application available for both iOS and Android platforms.
Think you could sell ice to an Eskimo? Hey, that would be an impressive demonstration of your ability to make a sale, though it pales in comparison to Globalfoundries deal with IBM. As odd as it may sound on the surface, IBM today announced that it's offloading its semiconductor business to Globalfoundries, along with $1.5 billion in cash to be paid over the next three years.
Might we finally see Minecraft make its way to Windows Phone?
When it comes to billion dollar acquisitions, secrets are hard to hold onto. Hence the rumors heading into the weekend that Microsoft was close to announcing a deal for Mojang, the developer responsible for the wildly popular Minecraft title. So, it should come as no surprise that Microsoft today announced it has reached an agreement to acquire Mojang for a cool $2.5 billion.
Talks reportedly initiated by Minecraft creator Markus Persson
Microsoft’s rumored acquisition of Sweden-based Minecraft developer Mojang could be worth as much as $2.5 billion, according to a Reuters report published Friday. This is considerably higher than the $2 billion figure reported by the Wall Street Journal, which was the first news outlet to claim that such a deal was in the works when it published a report, citing “a person with knowledge of the matter,” on Tuesday.
SmartThings confirmed today that it has been acquired by Samsung and will operate as an independent company with the South Korean company's Open Innovation Center group. The deal puts Samsung in the home automation space, a popular niche as of late with Google recently acquiring Nest and Apple owning HomeKit. It's a sensible pairing, with SmartThing building technologies that allows users to control home devices through their mobile phones.
Beats co-founders Jimmy Iovine and Dr. Dre are now Apple guys
After remaining eerily quiet for weeks following rumors and speculation of a $3.2 billion takeover, Apple this week finally announced that it has agreed to acquire Beats Music and Beats Electronics for $3 billion, $200 million shy of the originally reported figure. That includes a $2.6 billion purchase price and around $400 million that will vest over time. In addition, Beats co-founders Jimmy Iovine and Dr. Dre will join Apple as part of the deal.
Twitch may have turned down a Microsoft offer to join forces with Google's YouTube service
To borrow a line from "The Social Network," a million dollars isn't cool. Do you know what's cool? A billion dollars. There are a lot of cool offers being made in the tech industry, and the latest involves Google reportedly offering to acquire Twitch for $1 billion. Twitch, which is a video game streaming service, is said to be more interested in partnering with Google than Microsoft (which is also interested in Twitch) because of the potential Google's YouTube division brings to the table.
If this goes through at $3.2 billion, it would be Apple's priciest acquisition ever
If the stars align just right, the next iPhone model may sport a Beats by Dr. Dre logo on the back. According to various reports, Apple is engaged in talks to acquire Beats Electronics for $3.2 billion, which would be the largest acquisition in Apple's nearly 40 year history. However, that's less than half of what Microsoft paid to acquire Nokia ($7.1 billion) and is well short of the $19 billion Facebook forked over for WhatsApp.