As the primary supplier of iPhone, iPod touch, and iPad touch devices, as well as making products for high-profile companies like Acer, Asus, Dell, Nintendo, Microsoft, Sony, and others, life is good for Foxconn (or Hon Hai Precision, if you prefer), which collected $59.3 billion in revenue in 2010. Foxconn can afford to go on a spending spree, and in addition to buying one of Cisco's manufacturing facilities in Mexico, the electronics maker is now setting its sights on Elitegroup Computer Systems (ECS).
It's official, News Corp. sold MySpace to advertising network Specific Media for around $35 million, and Rupert Murdoch can finally move on. That's far below the $100 million asking price, and even though News Corp. retains a less than five percent stake, if you crunch the numbers, like Arstechnica did, you come to the conclusion that Murdoch and Co. lost over $1 billion on this deal. How can that be when News Corp. bought the social networking site for $580 million?
Microsoft’s $8.5 billion proposed acquisition of Skype is one step closer to being a done deal today, with regulators officially giving the Redmond based software giant the green light to proceed with its merger plans. The deal has been stuck in regulatory limbo since it was announced in May, however analysts almost universally agreed that it was unlikely to raise many red flags given how competitive the VOIP space is these days.
Google has made it known this afternoon that It has acquired social RSS startup Postrank. Details like price were not immediately available. But this deal definitely show how serious Google is with its “social everywhere” strategy. You might never have heard of Postrank, but you’re going to wish you had. New registrations are closed already.
Hewlett Packard on Tuesday said it signed a definitive agreement to acquire Printelligent in an effort to step up its game with managed print services, an area HP already considers itself top dog. The OEM justified the purchase by saying it will "strengthen HP's leadership in MPS," while giving HP an immediate upgrade in infrastructure, software, and trained workers.
You could see this one coming a mile away, or weeks away if you follow our complex conversion algorithm for distance and length of Internet rumors and speculation. Twitter's impending takeover of TweetDeck has been rumored since the beginning of the month, and it's now semi-official. According to reports, Twitter spent more than $40 million acquiring TweetDeck, though the exact figure isn't yet known since Twitter is so far refusing to commit 140 (or less) characters confirming the buyout.
We imagine it must be pretty lonely for Intel when the world's largest chip maker up and decides to go shopping. Not many companies have millions of dollars to spend on a whim like Intel does, who just went out and invested around $24.5 million in four companies. With the four new investments announced today, and with recently announced deals in China and India, Intel Capital surpasses $10 billion in total investments since its inception in 1991.
Microsoft, the world's largest software maker, announced today it has inked an agreement to purchase Skype Global for $8.5 billion in cold, hard cash. This ranks as Microsoft's biggest acquisition ever, and the Redmond software giant hopes its money will be well spent as it looks bolster its voice and video communications, and go up against Google and other rivals. Still, at $8.5 billion, the obvious questions is, did Microsoft overpay?
Frankly, if someone had told us that MySpace was just going to be shuttered, we would not have been surprised. But it looks like the sale is going ahead and bids from no fewer than half a dozen potential suitors are expected this week. If that wasn't shocking enough, the value News Corp. insists on getting out of the faltering social site is something else.
As of today it's official, Samsung is out of the hard drive business and significantly richer as a result. Samsung reportedly hoped to pull in $1.5 billion but was willing to entertain offers below $1 billion. Turns out the company didn't have to, as Seagate stepped up to the plate with a $1.375 billion offer, half of which it will pay in cash and the other half in stock. Samsung will also receive a 9.6 percent stake in Seagate, but there's more to this deal than hard drives, cash, and stock.