HP's message to Dell is clear: "It's on like Donkey Kong." That's what happens when, just a week after you agree to acquire a company for $1.13 billion, your rival steps in with an offer of $1.5 billion for the same company.
In this case, HP is the aggressive rival hoping to scoop up data storage provider 3Par, which seemed all but sold to Dell just a short while ago. HP has offered to pay $24 per share for 3Park, a third more than Dell's bid of $18 per share.
This tug-of-war between HP and Dell has had a positive effect on 3Par's shares so far, which rose to $6.66, or 37 percent, to $24.70 in premarket trading. Should HP ultimately win the bidding war, it would be adding to a data storage business that already accounts for about 13 percent of its bottom line.
Intel, the world's largest chip maker, announced today that it has entered into a definitive agreement to acquire security firm McAfee by purchasing the company's common stock at $48 per share. That works out to about $7.68 billion for a deal that was unanimously approved by both boards of directors.
"With the rapid expansion of growth across a vast array of Internet-connected devices, more and more of the elements of our lives have moved online," said Paul Otellini, Intel president and CEO. "In the past, energy-efficient performance and connectivity have defined computing requirements. Looking forward, security will join those as a third pillar of what people demand from all computing experiences.
“The addition of McAfee products and technologies into the Intel computing portfolio brings us incredibly talented people with a track record of delivering security innovations, products and services that the industry and consumers trust to make connecting to the Internet safer and more secure,” Otellini added.
What exactly Intel plans to do with this high dollar acquisition remains to be seen, but the chip maker did say it would be "introducing a product from our strategic partnership next year." Intel also talked up the importance of securing Internet connected devices and wireless mobility, hinting that future products will go beyond the desktop.
Intel isn't just about processors and chipsets, at least not anymore. That's because the chip maker signed an agreement to acquire Texas Instruments' (TI's) cable modem product line.
"Adding the talents of the Texas Instruments’ cable team to Intel’s efforts to bring its advanced technology to consumer electronics makes for a compelling combination," said Bob Ferreira, general manager, Cable Segment, Intel’s Digital Home Group. "Intel is focused on delivering SoCs that provide the foundation for consumer electronics devices such as set top boxes, digital TVs, Blu-ray* disc players, companion boxes and related devices. This acquisition specifically strengthens Intel’s product offerings for the continuum of cable gateway products and reinforces Intel’s continued commitment to the cable industry."
Intel said it will use TI's Puma product lines with the Data Over Cable Service Interface Specification (DOCSIS) standard technology and Intel SoCs to build advanced set top boxes, residential gateways, and modem products for cable companies. The move will also expand the reach of Intel's Atom processor line beyond netbooks, nettops, and tablets.
If you've been dismissing the rumors that Google is about to take on Facebook in the social networking space, let this set you straight. Google has just bought social game developer Slide for $182 million. There are already murmurs that El Goog is looking to make more acquisitions of this sort soon. With this and a partnership with Zynga, Google looks to be building up to something. Google Me perhaps?
Slide makes simple Facebook games in the same vein as Zynga. Just like Zynga, these games are given value by having a community of players that can interact. This will be the biggest hurdle for Google. Just having Farmville or SuperPoke Pets on a social networking site won't cut it; there needs to be a community around it. Right now, Facebook is that community.
Google has many of the pieces of a social site with services like YouTube, profiles, Gtalk, and Buzz. They just need to be assembled with a few games for good measure. Can Google tempt people to join its own social ecosystem?
Adobe announced it has entered into a definitive agreement to acquire Day Software, a move the company says is intended to strengthen its enterprise software solutions on the Web.
"Adobe’s acquisition of Day represents a key milestone in our efforts toward delivering best-in-class customer experience management solutions to enterprises and governments worldwide," said Rob Tarkoff, senior vice president and general manager, Digital Enterprise Solutions, Adobe. "With the addition of Day to our enterprise portfolio, we will be able to enhance the value of our offering and deliver on our vision of the web as the hub of customer interaction."
The two companies will operate as a product line within Adobe's Digital Enteprise Solutions Business Unit, with Day CEO Erik Hansen joining Adobe and reporting directly to Rob Tarkoff, Adobe said.
"We are excited to join Adobe and combine our expertise in WCM with technologies that create and deliver rich online and offline experiences leveraging the ubiquity of Flash and PDF," Hansen added. "We believe this is a winning combination for both Adobe and Day customers."
According to a Fortune.com report, Oracle co-president Charles Phillips said during an onstage discussion at the Fortune Brainstorm Tech conference in Aspen, Colorado that his company is poised to spend some $70 billion gobbling up businesses within the next five years, a comment which quickly appears to have taken Oracle by surprise.
"While it is highly unlikely that we will spend anything approaching $70 billion in five years, we will be opportunistic and, if market conditions warrant, we will buy additional companies that further our strategic goals and address our customers' needs," spokesman Karen Tillman clarified in a statement.
Phillips may have been a little overambitious with his figures, but it's clear Oracle is looking to scoop up companies. Earlier this month, Oracle issued a $3.25 billion debt offering, part of which it earmarked for "future acquisitions."
IBM this week announced it has closed the acquisition of BigFix, Inc., a privately-held provider of high-performance enterprise systems and security management solutions.
"IBM is focused on delivering a simplified and automated approach to managing and securing the IT infrastructure," said Steve Robinson, general manager, IBM Security Solutions. "With BigFix software integrated with IBM software offerings, IBM clients will be able to more easily manage and secure their PCs and laptops, a complex task as the costs and risks associated with security threats continue to grow."
IBM said BigFix will be integrated into its Software Group and will help beef up Big Blue's automation portfolio. The closing comes just three weeks after IBM entered a definitive agreement to acquire BigFix. Terms of the deal were not disclosed.
Google’s desire for a deeper understanding of search queries has resulted in an acquisition. “Today, we’ve acquired Metaweb, a company that maintains an open database of things in the world,” Google announced in a blog post Monday. The acquiree, a San Francisco-based company, specializes in making better sense of words.
Google is counting on Metaweb’s semantic technology to come up with better answers to some “hard questions” posed by search engine users. It is trying to answer search queries more precisely.
“Type [barack obama birthday] in the search box and see the answer right at the top of the page,” Google’s Jack Menzel wrote in a blog post. “But what about [colleges on the west coast with tuition under $30,000] or [actors over 40 who have won at least one oscar]? These are hard questions, and we’ve acquired Metaweb because we believe working together we’ll be able to provide better answers.”
Metaweb’s open database, called Freebase, has over 12 million topics (aka entities) across thousands of categories. While it might come across as a Wikipedia-like collaborative knowledgebase, Freebase is unique in the way it identifies and interlinks these various entities. Google has chosen to “further develop Freebase and would be delighted if other web companies use and contribute to the data.”
New York-based URL shortener Bit.ly is being courted by a number of companies, chiefly among them is Yahoo. If Bit.ly were acquired by Yahoo, it would be another piece in what appears to be a big social media push from the former search king. Rumors have been flying for months that Yahoo is also in talks to buy up location-based social networking company Foursquare.
Yahoo has become more of a content company as Google has taken over direct search. Since Yahoo's user base is mostly about content consumption, it makes sense to use social media to make their existing properties more interactive. What they are looking at is social aggregation; pulling in their users' activities from around the web to a Yahoo hub.
Bit.ly's real usefulness is to Yahoo wouldn't be its ability to shorten URLs, but rather the performance tracking of shortened URLs. This is going to be an integral part of the real-time web. We're passing the point that delayed web metrics can be of use. Where do you see Yahoo's strategy going?
Dell has inked an agreement to purchase Scalent, a privately held company specializing in server and data center virtualization management software, the OEM announced.
:Scalent provides a critical building block for our Virtual Integrated System, the most open, capable and affordable converged infrastructure solution available," said Brad Anderson, Dell senior vice president, Enterprise Product Group. "This acquisition will solidify an important component of our enterprise solution portfolio. We know that Scalent software, in combination with Dell servers, storage and network platforms, provide increased efficiency and value for our customers. Scalent’s open architecture is an example of Dell’s ongoing commitment to provide customers with solutions that don’t lock them into proprietary hardware or gateways."
Dell said it plans to complete the acquisition by the end of the month. Once that happens, the OEM will focus on integrating Scalent's infrastructure software into its existing Advanced Infrastructure Manager (AIM) data center software package.