Articles about M&A

Cash on scales. Pic: Images Money, Flickr

Iomart, Logicalis and VIRTUS buy data centre firms

The data centre sector witnessed a flurry of mergers and acquisitions activity today with three DC firms changing hands. Let’s start with Iomart, which is paying up to £11m for United Communications Ltd, a managed hosting firm based in Hemel Hempstead, with about 6500 mostly small business customers. Iomart is paying £7.5m in …
Drew Cullen, 1 Dec 2015
An obese belly, dangling freely. Pic: Tony Alter

Software firms are over-valued, says Huawei

Inflated valuations for software companies are discouraging possible acquirers, says Chinese giant Huawei. The Chinese giant’s global IT chief Yelai Zheng told us the high prices software companies asked made them less attractive to Huawei. “Communications companies are not expensive but IT and software companies are,” said …
Andrew Orlowski, 27 Nov 2014
cloud

NTT Comms snaps up US cloud players in £540 MILLION swoop

Enterprise ICT business NTT Communications has taken a big step towards expanding its global cloud computing footprint with the $US525 million (£326m) acquisition of US provider Virtela and a $350m (£217m) swoop for 80 per cent of datacentre firm RagingWire. The Japanese firm said its deal with RagingWire would more than …
Phil Muncaster, 29 Oct 2013
management cio2

Brit IT veteran Kelly takes job at investment advisory firm

A British tech biz veteran and former bigwig at integrator Logicalis UK, Tom Kelly, has landed at mid-market M&A and debt advisory firm Livingstone. He joins Livingstone as IT and managed services sector advisor to help further boost its presence in Blighty's tech space, perhaps a sign of the local market's improving fortunes …
Paul Kunert, 9 Oct 2013
Dell logo in crosshairs

Icahn sues Dell's board over Big Mike's buyout bid

Activist investor Carl Icahn and his affiliates have filed a legal complaint against Dell and its board members in his latest attempt to thwart Big Mike's efforts to regain control of the PC behemoth. Icahn filed in Delaware's Court of Chancery on a number of counts. One of these is a request for the court to to stop Michael …

No sale, Yahoo! Hulu goes off the auction block

Video-streaming site Hulu has opted to walk away from talks about a possible buyout, ending months of speculation as to which media or online giant might snap it up. In a joint statement issued on Friday, co-owners 21st Century Fox, NBCUniversal, and The Walt Disney Company said they won't entertain any further offers for Hulu …
Neil McAllister, 12 Jul 2013
The Register breaking news

Sprint, Softbank to swear off Huawei kit as condition of merger

A US Congressman has said that Sprint and its Japanese suitor Softbank have both pledged not to use equipment manufactured by China's Huawei in Sprint's wireless network, a move that could help the companies clear a hurdle in their planned merger. Representative Mike Rogers, chairman of the House Intelligence Committee, told …
Neil McAllister, 29 Mar 2013
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Carl Icahn may be planning to block Dell buyout

A new potential opponent to the proposed leveraged buyout of Dell by founder Michael Dell has emerged, in the form of none other than corporate raider activist investor Carl Icahn. On Wednesday, the special committee of Dell's board appointed to investigate the deal declared that selling the company would be the best option …

Lenovo considering RIM buyout to boost mobile biz

Lenovo CFO Wong Wai Ming says the company is actively pursuing ways to improve its position in the mobile device market, spurring speculation that the Chinese firm may be planning to cozy up with Research in Motion – or even swallow it whole. In an interview with Bloomberg at the World Economic Forum meeting in Davos, …
Neil McAllister, 25 Jan 2013
Suitcase bulging with cash

China wants eight new Lenovos by 2015

Western technology companies' view of China as the biggest pool of potential customers ever is looking less accurate than ever, after the Chinese government called for the formation of up to eight super-companies through mergers and acquisition by 2015. The calls came as part of government plans designed to urge the …
Phil Muncaster, 25 Jan 2013
The Register breaking news

Judge OKs Novell investor suit over Attachmate sale

A judge in the Delaware Court of Chancery has ruled that members of Novell's board who approved the company's sale to Attachmate must defend their decision in court against allegations that they acted in bad faith by ignoring competitive offers from other parties. Novell's board of directors voted to accept Attachmate's $2.2bn …
The Register breaking news

Sprint confirms buyout offer from Japan's Softbank

Sprint Nextel, the third-largest US mobile carrier, has confirmed that it is in talks that could result in its takeover by Japanese mobile carrier Softbank. The Wall Street Journal was first to report on the negotiations, based on a tip by an inside source. Details of the talks were not clear, though it's estimated that the …
Neil McAllister, 11 Oct 2012

Dell details plans for 'remixed' software strategy

Dell has provided more details of its reinvigorated software strategy on Thursday, coming in the wake of its $2.4bn acquisition of Quest Software. "This is a very interesting time to be thinking about going into the software business. There's more disruptive stuff going on than I can ever remember," said John Swainson, …
Neil McAllister, 19 Jul 2012
The Register breaking news

Moonpig gobbled by PhotoBox

Online greeting card maker Moonpig.com is merging with photo printer PhotoBox. The deal values Moonpig at £120m. Its shareholders will see their stakes rolled over to the new group holding. Equity will be raised from existing shareholders and private investment from Insight Ventures, Quilvest Ventures and Greenspring …
John Oates, 25 Jul 2011

UK chip design house strides across pond

So CSR is supplying the CEO, the CFO and the chairman, the headquarters stay in Blighty and the shares stay on the London markets. But really, it's a merger, honestly... CSR and Zoran are merging, with California-based Zoran getting a couple of seats on the board (one reserved for the company's founder) while CSR provides …
Bill Ray, 23 Feb 2011
The Register breaking news

Coupons drive M&A activity downunder

It’s feeling a little bit like 1999 in the Sydney digital startup space. Last week online giant and TV broadcaster mash-up Yahoo!7 made the next in a series of digital acquisitions, this time taking out one of the top players in the white hot coupon space, Spreets, for a handy $40 million. For Spreets, which launched a mere 12 …
The Register breaking news

Google buys social network-compatible voicemail operation

Google has splashed out on SayNow, a start-up service that provides celebrities with Twitter-like voicemail, as it tries to take voice into the 21st century. SayNow is only five years old, but claims 15 million people use its SayNow Broadcast service, which delivers celebrity soundbites to interested fans while enabling them …
Bill Ray, 26 Jan 2011
The Register breaking news

Huawei moves to stop Nokia's Motorola grab

Huawei has applied for an injunction to stop Nokia Siemens Networks getting its hands on Motorola, claiming Moto is still stuffed with its trade secrets. Huawei alleges that Motorola has been reselling its cellular technology for years, having given up doing its own research and development to stick labels on Huawei kit. But …
Bill Ray, 25 Jan 2011

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