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.
Google hasn’t officially announced that it’s entering the music game yet, but with yesterday’s acquisition of Canadian based music startup Pushlife for a cool $25 million, its clear the search giant is looking to make a few improvements to Androids media capabilities. Pushlife was founded by former Research in Motion employee Ray Reddy who had a passion for bringing iTunes style sync to other smartphone platforms, a hobby that seems to have paid off quite handsomely.
AT&T has agreed to buy T-Mobile for $39 billion. You already know this, and you also know that Sprint is vehemently opposed to the deal. Verizon is so far indifferent, or at least that's the face they're putting on publicly. What we don't know yet is how the FCC is going to react to the proposed acquisition, and that's what the deal ultimately hinges on. If recent comments made by an FCC official are any indication, AT&T's legal team has their work cut out for them.
When you're as big as Intel, you can afford to make high profile acquisitions one after the another, and that's what the Santa Clara chip maker is doing. Some are bigger than others, such as scooping up McAfee for a cool $7.7 billion, as opposed to purchasing an Egyptian software company for presumably a lot less. Now Intel has inked yet another deal, acquiring Silicon Hive, which Intel contracted with last year to provide parallel processing tools for its Atom processors.