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Gogo, the guru of in-flight wireless Internet service, announced on Monday that it has hammered out an agreement to acquire the Airfone business unit from LiveTV, LLC, a wholly-owned subsidiary of JetBlue Airways Corporation. The main attraction for Gogo is the 1MHz spectrum license that will change hands as a result of the transaction, as it's currently held by LiveTV. So, what are Gogo's plans for the 1MHz spectrum?
Coming out of left field (from a 'fowl' hit? *groan*) is Rovio Entertainment's announcement that it has acquired Futuremark Games Studio, the gaming arm of benchmarking software developer Futuremark. Rovio, of course, is the developer behind the hugely popular Angry Birds franchise, which was just recently launched into space in the latest multi-platform installment, Angry Birds Space.
It was being reported last week that Micron Technology issued a bid of $1.5 billion to take over Elpida Memory, which had fallen on tough times after a prolonged slump in the DRAM market, and it now appears as though Micron is the frontrunner to acquire the bankrupt memory maker. Toshiba and Globalfoundries were two other names that had been thrown around as potential suitors, but either they didn't bid, or they were outbid by Micron.
It's the beginning of a new week and what better way to kick off the humdrum of another Monday than with a juicy rumor? As the latest chatter goes, CNN is apparently really, really close to acquiring the social media news site Mashable for a cool $200 million, perhaps more, and could make an official announcement about the takeover as early as tomorrow.
Advanced Micro Devices isn't afraid to spend big bucks acquiring companies seemingly out of the blue, such as it did when it acquired ATI for $5.4 billion in 2006. Fast forward to today and AMD is getting ready to spend over a quarter of a billion dollars scooping up SeaMicro, a startup that's been intensely focused on low-power, high-bandwidth microserver solutions.
Western Digital would like nothing more than to finalize its proposed takeover of Hitachi's hard drive business, and to facilitate the process, WD agreed to transfer an asset package to rival Toshiba to ease concerns of regulatory agencies. The package includes equipment and intellectual property (IP) that will enable Toshiba to build and sell 3.5-inch hard drives for desktops, consumer electronics (things like DVRs), and near-line (business critical) applications.
Nearly six years have gone by since AMD scooped up ATI for $5.4 billion, and when it was first announced, analysts wondered if the chip maker was making the right move. AMD's multi-billion dollar gamble paid off, and until Kepler arrives, the Sunnyvale chip makers owns the fastest single-GPU graphics card in the world (Radeon HD 7970). But what if AMD had acquired Nvidia instead?
Google’s filed its 10-K with the SEC yesterday, and the numbers have revealed a staggering increase in the number of acquisitions the search giant made in 2011. Google closed the year by spending close to
John M. Simpson, director of Consumer Watchdog's Privacy Project, inked a letter to Mr. Joaquin Almunia, vice president of the European Commission, voicing his organization's concerns over "Google's ongoing anti-competitive behavior," which includes the search giant's proposed $12.5 billion merger with Motorola Mobility. The nearly 3-page letter criticizes Google's business behavior in detail with a particular focus on why Consumer Watchdog feels the merger with Motorola should be blocked.
Intel has entered into a definitive agreement with QLogic to acquire the product lines of certain assets related to its InfiniBand business, the two companies announced in separate press releases today. According to QLogic, it's an all-cash transaction in the amount of $125 million, a sum that would make some companies cringe but barely registers as a pittance to Intel, which recently announced record full year revenue of $54 billion.








