It's no secret Hulu's owners want to sell the video streaming service, but what isn't isn't yet know is who will buy it and how much Hulu will fetch. Hulu set a deadline for Wednesday for suitors to submit their initial bids, and this could turn out to be a multi-billion dollar deal, according to The Wall Street Journal.
The rumor mill spun a wild one back in March of this year when reports surfaced that Hewlett Packard was considering selling off its PC business. Quoting a Commercial Times report, news and rumor site DigiTimes said HP was shopping around its PC division to the likes of Lenovo, Foxconn, and Samsung. On hindsight, it wasn't such a wild rumor after all, and before the day is done, HP might be totally invested in software.
Google's surprise $12.5 billion takeover of Motorola ranks as a major acquisition and may have set the tone for other industry heavyweights to spend big on consolidation. One analysts predicts Intel will be next to make a big move and has NAND flash memory maker Micron Technology on its radar.
When you're the largest chip maker in the universe, you can afford to toss money at companies big and small, even if their primary business is to design Ethernet switch silicon for data center network providers. That describes Fulcrum Micrososystems Inc., a privately held fabless semiconductor company that will become Intel's latest acquisition. The question is, what does Intel want with Fulcrum?
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.