Only a few days remain before Microsoft closes its acquisition of Nokia's mobile business
If things had gone exactly to plan, Microsoft would have tied the knot with Nokia by now. However, red tape is sometimes sticky business, especially when it's coming from all directions. Regardless, Microsoft today announced that it's completed all the necessary steps to finalize its acquisition of Nokia's Devices and Services business (mobile handsets and such, in other words). The transaction will be complete on Friday, April 25.
Facebook purchasing Oculus was an unprecedented acquisition. No Kickstarter company has ever been bought out by a large corporation prior to their crowdfunded project being released--at least not on the immense scale of $2 billion.
The surprising acquisition has spurred a lot of animosity from virtual-reality enthusiasts, most notably from the original Kickstarter backers.
Over 1,000 IBM workers go on strike to protest deal with Lenovo
Lenovo and IBM entered into a definitive agreement at the end of January in which Lenovo would acquire IBM's x86 server business for around $2.3 billion. As part of the deal, approximately 7,500 IBM employees in more than 60 countries would be offered employment by Lenovo, though concerns over wages have some workers protesting the deal. According to various reports, over 1,000 workers went on strike at one of IBM's factories in China. As far as Lenovo is concerned, it's up to IBM to deal with the matter.
Comcast has announced plans to acquire Time Warner Cable in a stock-for-stock transaction that would total $45.2 billion. The transaction would involve Comcast exchanging 23 percent of its stock, valued at $55.12, for 284.9 million shares of Time Warner Cable stock, valued at $158.82.
Rumor has it Lenovo is interested in Sony's Vaio PC business
Reports emerged over the weekend claiming Lenovo, the world's No. 1 PC maker in terms of shipments, has been in talks with Sony about a possible joint venture involving the sale of Sony's Vaio PC business. Considering that Sony's Vaio PC division is operating at a loss, not to mention Lenovo having just announced plans to purchase Motorola Mobility for $2.91 billion, investors are spooked.
Google is selling its Motorola handset division to Lenovo for $2.91 billion, making it the biggest tech deal for the Chinese electronics company. The announcement follows after Lenovo’s offer last week of $2.3 billion for IBM’s low-end server business.
Google has purchased DeepMind and confirmed the business transaction to technology website ReCode, though declined to reveal the amount of money paid. According to the website, though, an initial amount of $400 million was offered for the London-based company.
Acquisition would open a world of opportunities for Apple
Perhaps hinting at a future feature of its iPad, iPod touch, and iPad mini devices, it's being reported that Apple snatched up PrimeSense, a fabless semiconductor company in Israel that specializes in low-cost, high-performance 3D sensing and machine vision technologies. The start-up's technology is represented in more than 24 million devices around the world, including Microsoft's original Kinect sensor for the Xbox 360 console. It can also be found in 3D scanning applications like the Asus Xtion.
Michael Dell regains control of the company he founded
Dude, Michael Dell's getting a Dell. After months of negotiations and public bickering over the value of Dell, company shareholders voted on Thursday to approve the $24.9 billion sale to Michael, finally putting an end to what turned into a mini soap opera primarily starring Dell's founder and billionaire businessman Carl Icahn, who was one of the most outspoken opponents of the deal.
Flash storage is sexy right now, so it's really not all that surprising that Western Digital went and scooped up Virident Systems, a provider of server-side flash storage solutions, for $685 million in cash. Virident will be integrated into HGST, a wholly owned subsidiary of Western Digital, the two companies announced today. In doing so, HGST becomes a player in enterprise solid state drives (SSDs), a market that's predicted to be worth $7 billion by 2017, according to International Data Corporation (IDC).