OCZ shook up the solid state drive industry on Monday evening by announcing plans to acquire Indilinx Co., a privately held fabless provider of flash controllers and software for SSDs. What makes this business transaction so surprising is that OCZ is heavily invested with SandForce for its performance oriented consumer SSDs, and Indilinx, which builds the Barefoot controller, is a competitor to SandForce. Does this mean OCZ will be dumping SandForce?
Intel continues to make strategic acquisitions intended to bolster the company's mobile business. Adding to its growing portfolio of recent acquisitions, the world's largest chip maker went out and bought most of the assets of SySDSoft, a privately held software company based in Cairo. Intel also hired around 100 of the SySDSoft's electrical engineers and computer scientists.
Word on the Web is that Hewlett-Packard is seriously considering selling off its PC business, with Samsung emerging as a frontrunner to swoop in and take the reigns. Other reported suitors include Lenovo and Foxconn (otherwise known as Hon Hai Precision Industry, makers of Apple's iPhone and lots of other devices), but no one has been as aggressive as Samsung. Could a sale be imminent?
Back in July 2010, Nokia announced plans to acquire most of Motorola's wireless network infrastructure assets for $1.2 billion, a move that would make Nokia second only to Ericsson. That deal was supposed to close by the end of 2010 but was delayed until the first quarter of 2011. Now Nokia is saying the deal is again on hold, only this time the company has no idea when it's expected to close.
Western Digital, the world's second largest maker of hard drives, announced on Monday it has entered into a definitive agreement to purchase Hitachi's HDD division. Under terms of the deal, Western Digital will fork over $3.5 billion in cash and 25 million WD common shares valued at $750 million to purchase its rival. Hitachi will then own about 10 percent of Western Digital, as well as add two members to WD's board of directors.
The acquisition of McAfee is complete and Intel is now the owner of one of the most recognizable security brands in the business. Doing so cost Intel nearly $7.7 billion, and going forward, McAfee will continue developing and selling products and services under its own brand, Intel stated in a press release. Sometime later this year, Intel will put its strategic partnership to work by "tackling security and the pervasive nature of computing threats in an entirely new way." Expect mobile security to be a big focus of where this partnership goes.
Barron's, part of The Wall Street Journal digital network, reported a rumor this week that Dell may acquire AMD, the world's No. 2 maker of PC processors. The speculation that AMD might be up for grabs, whether by Dell or anyone else, initially pushed AMD's stock up 35 cents, or 4.2 percent, to $8.63. It's now trading at $8.75. So how likely is this to happen?
AOL once ruled the dial-up domain, and if you're a packrat, you probably have a bunch of AOL CDs stuffed in a shoebox tucked away in the basement. Those glory deays are behind them now, and going forward, AOL has set its sights on being a major player in the online news market. Adding to its growing list of media outlets -- which includes TechCrunch, Engadget, and AutoBlog, among others -- the once popular ISP is buying The Huffington Post for $315 million.
With 4G broadband rolling out into more territories and front-facing cameras found on an increasing number of mobile devices, the smart money might be on streaming video. Perhaps recognizing the writing that's on the wall, Cisco announced its intent to acquire privately-held Inlet Technologies, a provider of Adaptive Bit Rate (ABR) digital media processing platforms. Cisco's intent here is to strengthen the capabilities of its Videoscape TV platform.
A senior exec at Microsoft admitted that the rowdy bunch from Redmond did actively try to scoop up mega social networking site Facebook, confirming reports that first appeared in David Kirkpatrick's book, "The Facebook Effect," TechCrunch reports.
"Yeah, we tried to acquire Facebook," Microsoft Senior Director of Corporate Strategy and Acquisition Fritz Lanman admitted at the Le Web conference in Paris. "Facebook had a lot of similarities to Microsoft back in the day."
Lanman didn't go into details about the failed acquisition, like how much Microsoft was willing to pay or proposed terms of the deal. But according to Kirkpatrick, Steve Ballmer was willing to spend $15 billion on Facebook, the exact amount Zuckerberg told Ballmer he was trying to get his company valued at. So what happened?
As the story goes, Zuckerberg said "I don't want to sell the company unless I can keep control." Ballmer didn't bite, though Microsoft did eventually ink an advertising deal and invest $240 million for a 1.6 percent stake in the company.