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.
Microsoft had a chance to close out its final CES keynote with a bang. Balmer could have hit attendees with a bombshell by announcing plans to acquire Finnish handset maker Nokia, followed by lots of exaggerated rhetoric, storming about the stage, and obligatory sweating. There's only one problem with that scenario -- Microsoft isn't acquiring Nokia, no matter what you may have heard or read.
The joint LCD venture between Sony and Samsung is undergoing some changes with respect to ownership and who's responsible for what. Under terms of a new agreement, Samsung will acquire all of Sony's shares of S-LCD Corporation, the companies' joint manufacturing venture. Samsung will pay Sony 1.08 trillion South Korean won, or around $940 million, for the share transfer, and the two companies will continue their cooperative engineering efforts focused on LCD panel technology, Sony announced.
Seagate on Monday officially closed the deal to acquire the hard disk drive (HDD) business of Samsung for $1.4 billion, a transaction that was first announced in April 2011. Under terms of the agreement, Seagate gains select elements of Samsung's HDD division, including assets, infrastructure, and employees. Among the assets is Samsung's M8 product line of high-capacity, 2.5-inch HDDs.
Netflix shareholders haven't been thrilled with Netflix's direction the past few months. After announcing a spin-off of its DVD-by-mail rental business and higher prices for streaming and DVD services combined, subscribers raged until Netflix reversed course on severing its DVD arm, but the company didn't relent on recent price hikes. It's been paying a price in subscriber losses ever since. Enter unhappy investors, though talk of Verizon taking over the streaming service has them smiling once again.
Tis the season to shop around, and while you're out there buying gifts, sometimes you have to splurge on yourself. That's what IBM is doing, which announced that it has entered into a definitive agreement to acquire DemandTec, a cloud-based analytics company, for around $440 million in an all-cash transaction. IBM is hoping the acquisition will extend its Smarter Commerce initiative by adding cloud-based price, promotion, and other merchandising and marketing analytics to its portfolio.
German enterprise software maker SAP announced that its subsidiary, SAP America, has entered into a definitive agreement to scoop up SuccessFactors, a provider of cloud-based human capital management (HCM) solutions. Under terms of the agreement, SAP will acquire all outstanding shares of common stock of SuccessFactors for $40 per share, valuing the deal at a staggering $3.4 billion.
Facebook has had its own version of a Foursquare style check in system for ages now, but given that just about everyone including myself still calls it a “Foursquare style check in system” suggests they’ve failed somehow. Given how many users the social networking giant hosts each month one would have suspected the in-house solution would have picked up critical mass by now, but somehow it seems to have stumbled. Now according to reports, Facebook has acquired Foursquare competitor Gowalla for an undisclosed sum.
AT&T is reportedly taking a $4 billion charge as a precautionary measure in case its attempted merger with T-Mobile fails to win anti-trust approval. By taking the charge, analysts believe it's a clear sign the telecom has lost confidence in the deal going through, and on top of it all, AT&T is said to have withdrawn its application to the U.S. Department of Justice.