Articles about Takeover

Broadcom investors fight back over $37bn Avago takeover

Investors of networking biz Broadcom have launched a class action lawsuit to block a $37bn (£24bn) takeover by chip maker Avago. In May the companies announced the mega merger, which will value the new entity at $77bn (£50bn). The deal is planned to close by the end of March 2016. The law firm acting on the investors' behalf …
Kat Hall, 18 Aug 2015
Acer E series laptops

Acer honourary chairman Shih would 'welcome' takeover bid

Stan Shih, the man who founded Acer and returned to rescue the business when it fell on hard times, would be receptive to a takeover bid but – despite its continued troubles – warned it won’t be sold on the cheap. The Taiwanese PC-maker’s honorary chairman told local press that he would “welcome” such a move, as Reuters …
Paul Kunert, 27 Aug 2015

Sales flat for takeover-tastic Brit IT bods Daisy Group

Comms and tech supplier Daisy Group, which is to be de-listed from the Alternative Investment Market (AIM) this month, has posted an operating loss of £8.1m for the first six months to September 2014. According to its audited half-year financials posted on 31 December, revenue dropped just 0.3 per cent from £173.9m to £169.6m. …
Kat Hall, 05 Jan 2015
Red telephone boxes near royal opera house

Competition risk? BT faces rigorous frisking over £12.5bn EE takeover bid

The UK's competition watchdog has agreed to hasten a probe into BT's planned multi-billion pound merger with EE. Last month, the one-time state monopoly urged Blighty's Competitions and Markets Authority to swiftly move on from the first phase of its inquiry into BT's bid to slurp up the mobile operator. The regulator said in a …
Kelly Fiveash, 09 Jun 2015
Panasonic Viera TX-P42GT30

EU waves remote at Liberty Global's Dutch telly takeover

Liberty Global must sell its Dutch premium pay-TV movie channel Film1 if it wants to take over cable telly operator Ziggo, Brussels' antitrust chief has warned. Since the planned buyout will bring together the first and second largest cable television networks in The Netherlands, the European Union’s competition commissioner …
Jennifer Baker, 10 Oct 2014
CSR10X0 Starter Development Kit

Brit chip biz CSR rebuffs US takeover bid from Microchip Technologies

Fabless Bluetooth chip firm CSR, the second biggest chip design company in Cambridge, has rebuffed a takeover bid by customer and partner Microchip Technology. The failed bid has trigged another round of CSR thinking about putting itself up for sale, and given its history of a roller-coaster share price, now might be a very good …
Simon Rockman, 29 Aug 2014

China and Russia start again with this UN internet takeover bull****

A new submission to the UN's General Assembly from China, Russia and the 'stans may reignite fears of a government takeover of the internet. Dated 13 January but only appearing now in English, the document (A/69/723) [PDF] is an "update" of the countries' "international code of conduct for information security." That code of …
Kieren McCarthy, 04 Feb 2015
BizNAS

98.8% of Overland shareclutchers say OMG, YES to Tandberg takeover

Overland Storage shareholders have overwhelmingly voted in favour of the Tandberg Data takeover by Overland. There was a 98.8 per cent vote in favour of the takeover at a 16 January meeting. But, then, there was no other option on the table except the virtual certainty of an eventual Overland collapse and a total wipeout of …
Chris Mellor, 21 Jan 2014
Angry woman on mobile

Chuh! 'Grossly inadequate': Time Warner Cable rejects $62bn hostile takeover bid

Time Warner Cable has rejected a hostile takeover bid from Charter Communications, calling its $62bn offer "grossly inadequate". Charter yesterday formally offered to buy up its rival for $132.50 a share, including $83 in cash and the rest in its own stock, after months of acquisition talks between the companies. But Time …
ITU ballot box

UN takeover of internet postponed indefinitely

Analysis Efforts to squeeze the United Nations into the throne of the internet have been comprehensively defeated at a key meeting in South Korea. The result raises the possibility that after more than a decade of fighting, the threat of a UN takeover is a thing of the past. After more than two weeks of negotiations at the United …
Kieren McCarthy, 05 Nov 2014
Spain

Spanish cable firm Ono says oh yes to €7.2bn Vodafone takeover

As has been widely speculated, the Spanish cable company Ono has accepted a €7.2bn (£6bn) offer from Vodafone, dropping its plans for an IPO. Vodafone is growing its unified communications strategy across Europe and this follows a similar purchase of Kable Deutschland. The price of 7.5 times EBITA is considered low by some …
Simon Rockman, 17 Mar 2014

Allow the merger, please, we'll play nice, NXP begs EU competition chief

Dutch chipmaker NXP is attempting to get ahead of any EU antitrust concerns regarding its planned Freescale takeover by offering a bunch of concessions to the European Commission, before it has even had a chance to investigate. Competition spokesman Ricardo Cardoso confirmed on Tuesday that the company had sought approval for …
Jennifer Baker, 04 Aug 2015
The Register breaking news

Brussels clears Liberty Global's £15bn Virgin Media takeover

US billionaire John Malone's company Liberty Global saw its £15bn bid to buy UK telco Virgin Media cleared by competition officials in Europe today. The takeover was waved through completely unchallenged by the European Commission, after the cable giant confirmed it wanted to acquire Virgin Media in February. The antitrust wing …
Kelly Fiveash, 15 Apr 2013
Tommy Lee Jones delivers implied facepalm. From No Country for Old Men  Copyright Miramax Pictures. 2007.

Oracle storage analytics break Oracle storage appliances

An Oracle employee has warned that the analytics features of its ZFS storage appliances can result in “unresponsive” systems. The post linked to above opens with Oracle staffer Matt Barnson stating “I've received a number of questions about analytics and the problems they cause for the Oracle ZFS Storage Appliance.” There's …
Simon Sharwood, 27 Jul 2015

Dell board delays vote on private takeover deal

As has been rumored for days, the special committee of Dell board members in control of the proposed private takeover deal put together by company founder Michael Dell has put off the shareholder vote for the deal. The ceremony to give the thumbs up or thumbs down to the $24.4bn deal put together by Dell, the man, Silver Lake …
Two mobiles man

BT set to undercut rivals with return to mobile biz

BT will launch its own 4G network when it returns to the mobile market within the next few days, it has been reported. According to the Telegraph, the former state monopoly – which proposed a huge £12.5bn takeover of mobe operator EE late last year – will name its service BT Mobile and offer it only to the firm's broadband …
Kelly Fiveash, 22 Mar 2015
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Shouty investor Elliot trains guns on Samsung merger

Activist hedge fund Elliot Associates is to take legal action against Samsung over its merger, widely seen as a move to consolidate the power of the South Korean firm's controlling Lee family. Last month, Sammy announced its merger with fashion, leisure and construction biz Cheil Industries, a company in which the tech giant …
Kat Hall, 09 Jun 2015
Dell logo in crosshairs

Dell takeover latest: Icahn tells Big Mike where to stick his rule rewrite

Michael Dell and Silver Lake Partners, who want to take sole control of IT giant Dell, are willing to offer their fellow stockholders $13.75 for each share - but only if the rules on voting on the deal are changed. Unsurprisingly, top-gun investor Carl Icahn, who has a $14-per-share deal on the table, has now urged the Dell …
Dell logo in crosshairs

Dell committee says 'no way' on takeover vote change

The special committee of Dell board members that is reviewing the two proposals that will decide the fate of their company have told the Michael Dell/Silver Lake Partners consortium that they are not willing to change the voting rules, as the consortium had requested. And so the ongoing saga of Michael Dell's attempt to take the …
Gavel

Nokia files for EU permission to buy Alcatel-Lucent

The European Commission has set 27 July as D-Day for its decision on the Nokia/Alcatel-Lucent takeover. The €15.6 billion deal, first announced in April, was waved through US approval by the Department of Justice last week. The European Commission's Website doesn't say much, but does at least give us the EC's anticipated …
Royal coat of arms on a court building. Pic: Elliott Brown

Ex-Logica beancounter pleads guilty to insider trading

A financial planning manager at the outsourcer formerly known as Logica has today pleaded guilty to three instances of insider dealing. Ryan Willmott made £30,000 by obtaining information relating to the £1.7bn takeover of Logica by Canadian outsourcer CGI, which was announced on 31 May 2012. The case against Willmott was …
Kat Hall, 26 Feb 2015
Graph of US dollar going up CC 2.0 https://www.flickr.com/photos/68751915@N05/ 401kcalculator.org.

Charter Comms to acquire Time Warner for US$55bn: lotsa reports

Comcast may have given up trying to acquire Time Warner Cable, but junior US telco Charter now looks set to swoop with a deal of its own. Comcast spent the better part of a year trying to spend the better part of US$45bn to acquire Time Warner, but the deal collapsed beneath the weight of regulator discomfort and industry …
Simon Sharwood, 25 May 2015
The Register breaking news

Cable & Wireless Worldwide shareholders OK Vodafone takeover

More than 99 per cent of voting shareholders have approved the takeover of Cable & Wireless Worldwide by Vodafone, despite suggestions that one of the largest was holding out for more money. Vodafone put £1,044m on the table at the end of April, but Orbis Investment Management threatened to vote its 19 per cent holding against …
Bill Ray, 19 Jun 2012

Shout, shout, Elliott loses out. Samsung will merge with itself after all

Shouty US investment firm Elliott Associates has itself been shouted down by Samsung shareholders, who today voted in favour of the company's mega merger with itself. Ever since becoming a Sammy shareholder in June, Elliot has been vociferous in its opposition to the proposed merger with fashion, leisure and construction biz …
Kat Hall, 17 Jul 2015
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Daisy Group seals Phoenix IT Group buy, exec set for exit

Some execs at LSE-listed Phoenix IT Group are edging toward the exit, El Chan can reveal, after the proposed takeover by Daisy Group today got the official rubber stamp. The approach from privately owned Daisy came in May when it offered 160 pence per share for Phoenix in a transaction that valued the equity at £135m. The …
Paul Kunert, 16 Jul 2015
homeless man with sign

CSC's iSoft takeover cleared

The European Commission has cleared CSC's takeover of iSoft - the key NHS supplier. Aussie health provider iSoft has had a chequered past - it was bailed out with £82m of taxpayer cash, removed a co-founder, and is still going through a Financial Services Authority probe which led to four former directors facing criminal charges …
John Oates, 21 Jun 2011
O2 XDA Argon

Hong Kong mogul mulls MULTI-BEELLION POUND bid for O2 – report

British mobile operator O2 has reportedly been eyed up by Hong Kong biz baron Li Ka-shing, with a takeover bid of up to £9bn apparently being floated. The owner of Hutchison Whampoa, which controls UK mobe carrier Three, has been in tentative talks with Telfonica-run O2, according to a report in today's Sunday Times (£), which …
Kelly Fiveash, 18 Jan 2015
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Atos buys up Xerox ITO, splashing almost $1 billion in process

Atos has completed its acquisition of Xerox's outsourcing biz as the French firm gears up for an American invasion. The company snapped up Xerox ITO (Information Technology Outsourcing) for $966m (£618m), slightly less than the initial $1.05bn (£670m) agreement announced back in December. Thierry Breton, Atos chief exec, said …
Kat Hall, 02 Jul 2015
FASTER cable route

60Tbps internet cable from Asia to America will plug into Telx barn

US data center outfit Telx, target of a takeover bid by Digital Realty, has gone offshore for the first time, joining the Google-backed FASTER submarine cable consortium. Telx's Hillsboro server barn in Oregon, US, will be the termination point for an undersea cable that will link the Pacific Northwest to Asia. The fiber-optic …

US FINNISHes Nokia-AlcaLu acquisition waiting period

The huge Nokia-Alcatel Lucent acquimerger transaction has cleared one of its major hurdles, with the US Department of Justice (DoJ) clearing the merger for takeoff. Specifically, the two companies have announced – Nokia's post is here – that the DoJ has granted an early termination to the antitrust waiting period in the US. …
Cloud security image

Microsoft patches GroupMe 'full account' hijack hole

Microsoft has patched a simple 'full-account takeover' flaw in its popular iOS and Android messaging client GroupMe. The app once described as "utterly indispensable" had of 2012 processed a whopping 550 million messages a month, and was downloaded 76,000 times from Google's Play Store. New York hacker Dylan Saccomanni said in …
Darren Pauli, 31 Oct 2014
The Register breaking news

WhatsApp exec: Google takeover? It's news to me

WhatsApp's business development head Neeraj Arora has squashed rumours that Google was keen to spend $1bn on popular mobile messaging service WhatsApp. Arora spoke to All Things D after furious speculation that the Chocolate Factory had been negotiating with the cross-platform messaging app. The gossip was sparked by tech blog …
Boy slurps watermelon. Credit: Shutterstock

The great silicon slurp of 2015 continues: Atmel next on the shopping block

Another instalment in this year's consolidation in the silicon market appears to be on the cards, with reports emerging that microcontroller outfit Atmel is looking for a buyer. As Reuters reports, the company's CEO, Steve Laub, is due to retire at the end of August, something that may have sparked the decision to seek …
The Netflix smartwatch: fun in the urinal, or wherever you want a house of cards

Netflix profits plunge, but streamer still plans global domination

Online gogglebox Netflix posted a 22 per cent increase in sales, to $1.64bn (£1bn), for its second quarter results, while profits plummeted by 63 per cent to $26m (£17m). The falling profits reflect the company's global domination plans and investment in self-commissioned drama. The streamer now has 65 million members, 23 …
Kat Hall, 16 Jul 2015

Kim Dotcom to create Wikimedia-style open source Mega 3.0

File locker mogul Kim Dotcom has signalled he'll soon create a third version of his Mega service. Dotcom's first file locker, Megaupload, saw him accused of knowingly hosting, and indeed encouraging the upload and distribution of, stolen films and music. From his new home in New Zealand, he's fought a long legal battle on …
Simon Sharwood, 31 Jul 2015

Fox wants Time to wrap up even more content

Rupert Murdoch, through 21st Century Fox, has launched a $US80 billion unsolicited takeover offer for Time Warner, to a chilly reception from its target. The deal was proposed by Murdoch's vehicle during June, but says that Time Warner “declined to pursue” the proposal. At the moment, Fox says, “We are not currently in any …

Fancy 10 Gbps home broadband? Broadcom's built the guts of it

While network operators around the world squeeze the last drops of sweat out of their copper, silicon vendors like Broadcom have an eye firmly on a fibre future. The company, currently in the throes of a takeover by Avago technologies, has announced a reference design to help its OEMs build kit to the emerging Ethernet Passive …

Joomla Helpdesk Pro remote code exec vulns lead to server pwnage

Outpost24 researcher Kasper Bertelsen has warned of several vulnerabilities in Joomla's Helpdesk Pro which can lead to remote code execution on servers. The Helpdesk Pro Joomla extension allows users to categorise and log support tickets with managers who receive notifications. eBay, Heathrow Airport and the High Court of …
Darren Pauli, 22 Jul 2015
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BT boss in shock 'bigger is better' claim as £12.5bn EE bid heats up

BT claimed on Monday that its planned gobble of EE was a good thing for competition in the UK – despite the fact that such market consolidation would make the former state monopoly more powerful. It called on the UK's competition watchdog to fast track the first stage of its merger probe into its proposed £12.5bn buyout of EE. …
Kelly Fiveash, 19 May 2015
Intel sign by StockMonkeys.com

Intel gobbles up chipmaker Altera in $16.7 BILLION splurge

Intel has subsumed Altera for $16.7bn (£11bn), ending months of “will they, won't they” takeover chatter. The acquisition will allow Chipzilla to get its mitts on Altera's field-programmable gate array (FPGA) tech – chips that customers can configure after purchase. The acquired unit will sit in Intel's bit barn division. The …
Kat Hall, 01 Jun 2015
Dyson DC37 vacuum cleaners

Daddy Dyson keeps it in the family and hoovers up son’s energy biz

Blighty billionaire inventor, philanthropist, and land owner Sir James Dyson has snapped his son's energy efficient lights company, Jake Dyson Products, placing Dyson Junior in pole position to take over the family biz. In an interview with the Financial Times Dyson said: “I want the business to remain a family business." He …
Kat Hall, 10 Apr 2015
Bigelow B330

Space hotelier Bigelow wants capitalists to FIGHT comm-MOON-ist takeover

Bigelow Aerospace, sellers of inflatable bubble habitats for infinity and beyond, is filing for an amendment to the 1967 Outer Space Treaty to allow private individuals to own sections of the Moon. "No one 'anything' should own the moon, but yes, multiple entities, groups, individuals, they should have the opportunity to own the …
Iain Thomson, 15 Nov 2013
Andres Iniesta of FC Barcelona

Reg top tip: Don't have the same name as someone else if you use Facebook's Instagram

An apparent account mix-up briefly lead to Spanish soccer star Andrés Iniesta inadvertently hijacking the Instagram account of another man with the same name. Andrés Iniesta, a Spanish man who is not a member of FC Barcelona, said that his account (ainiesta) was abruptly removed and linked to the account of the star athlete of …
Shaun Nichols, 21 Jul 2015
Dell logo in crosshairs

Michael Dell accuses Icahn of using court as takeover tool

Michael Dell has accused Carl Icahn of filing "undefined" legal action solely as a tool to help him take over Dell, and said the investor was "grandstanding" in a bid to stop the company from going private. In a court filing, Michael Dell said the action was "just another soapbox for Mr. Icahn's public spat," and a tactic …
Iain Thomson, 08 Aug 2013
slice of pizza

Revenue up 62 per cent, as Redcentric posts bumper post-buy results

Managed services biz Redcentric reported a significant increase in sales and profits for its full-year 2015 results, as the firm's acquisition strategy began to bear fruit. The Yorkshire outfit posted an increase in revenue of 62 per cent to £94.3m, compared with 2014. Profits rose to £8m from £1.8m for the same period. The …
Kat Hall, 15 Jun 2015

Hungry Brit giant Daisy Group extends D-day for buying consortium

The takeover saga at B2B tech and comms outfit Daisy Group looks set to rumble on for a bit longer yet after the London-listed biz again extended the deadline for a consortium of prospective buyers to prepare a bid. The Yorkshire-based firm last month received an approach to take the firm private from CEO Matthew Riley, backed …
Paul Kunert, 22 Sep 2014
iiNet actor

M2 drops on knee, offers scrip ring for iiNet's hand

A second bidder has entered the competition to acquire Australia's second-largest fixed-line internet service provider iiNet, raising the possibility that initial predator TPG might not have things its own way. The Australian Financial Review reckons the bid was received by iiNet on Friday, and offers shares (but no cash) but …
Zuck balloons

Facebook shops for ads tech – snaps up product search engine TheFind

Facebook has bought Mountain View, California-based product search engine TheFind for an undisclosed sum. The outfit, founded in 2006, confirmed the takeover from Mark Zuckerberg's free content ad network in a statement on its website. TheFind claimed to have helped 1 billion shoppers track down products using its service, …
Kelly Fiveash, 14 Mar 2015
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Kelway MD: A deal with CDW is NOT around the corner

Top brass at Kelway this week scotched talk on the shop floor of a pending deal with NASDAQ-listed CDW, claiming it will not be acquired outright by the US giant any time soon. CDW – the world’s largest tech reseller – acquired a 35 per cent stake in London-based Kelway late last year for $86.8m. Included in the sale was a 30- …
Paul Kunert, 02 Jul 2015
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Manchester skeptics annexed in hostile digital power grab

The Greater Manchester Skeptics Society (GMSS) has been obliged to start up a new group on Meetups.com, after someone with a very different agenda took over its profile on the social networking site. A glitch with the renewal of GMSS' Meetup Subscription allowed a non-committee member called "Sophie" (not her real name, we are …
John Leyden, 28 Aug 2015