Articles about Takeover

US axes $722m takeover of chip biz by Chinese investors. Thanks, Obama!

President Obama has issued an executive order to kill the proposed acquisition of semiconductor specialist Aixtron by Chinese investors. The White House on Friday put out the presidential order citing national security concerns in denying the $722m buyout by Aixtron SE by Grand Chip Investment GMBH. The order suggests that …
Shaun Nichols, 05 Dec 2016

'Mirai bots' cyber-blitz 1m German broadband routers – and your ISP could be next

A widespread attack on the maintenance interfaces of broadband routers over the weekend has affected the telephony, television, and internet service of about 900,000 Deutsche Telekom customers in Germany. The German Federal Office for Information Security (BSI) issued a statement indicating that the cyber-assault, which was …
Thomas Claburn, 28 Nov 2016
Peter Capaldi in bbc2 political satire The Thick of It. Copyright BBC

Gov's industrial strategy: 'Look, we've changed the words above our door'

Analysis We know the government is serious about an industrial strategy because it renamed the Department for Business, Innovation and Skills to the Department for Business, Energy and Industrial Strategy. Unfortunately, five months on that's still just about all we know. More details are expected in the Autumn Statement today. …
Kat Hall, 23 Nov 2016
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Samsung fires $70m at quantum televisions

Samsung's beefing up one of the divisions that hasn't been burned by its Galaxy Note 7 disaster, acquiring a US company that specialises in quantum dots for displays. Under its previous name Color IQ, the takeover target QD Vision was already licensing technology to TV makers like Philips, LG, Sony, and TCL Group in China. “ …

Irish eyes are crying: Tens of thousands of broadband modems wide open to hijacking

Eir, Ireland's largest ISP, has tens of thousands of customers with insecure ADSL2+ modems that appear to be vulnerable to remote takeover. Earlier this month, a security researcher writing under the name "kenzo" has posted a proof-of-concept exploit that demonstrates how an attacker might take control of an Eir D1000 modem. …
Thomas Claburn, 22 Nov 2016
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Wikibon invokes the old gods to make six tech predictions for 2017

Analysis Wikibon's chief technology guy, David Floyer, has put out his top six disruptive tech tips for 2017, seeing that ARM and Open CAPI will separately grow at Intel's Xeon expense, the cloud at on-premises' Server SAN expense, and flash at disk drive's expense, while XPoint will be a 2017 dud. Here's his list: AWS will …
Chris Mellor, 21 Nov 2016

SimpliVity results scream 'I'm perfect for you, HPE!'

"No comment" is what SimpliVity usually says to questions about a rumoured takeover by HPE (it's what HPE says too). But SimpliVity has revealed more – stuff that can be taken as saying it would be a really good bride. "First, we just closed Q3, which we have not yet announced," said CEO Doron Kempel. "Results were very good …
Chris Mellor, 11 Nov 2016

Redcentric CFO quits after botched accounts discovered

The chief bean counter at managed services slinger Redcentric has left the business with “immediate effect” following the discovery of multi-year accounting misstatements that will cost a minimum of £10m to rectify. The London Stock Exchange-listed biz made the admission about fiscal errors to the City this morning, and the …
Paul Kunert, 07 Nov 2016

Delayed Ingram Micro sale to Tianjin Tianhai gets green light from US regs

The Committee on Foreign Investment in the United States (CFIUS) has approved the $6bn takeover of Ingram Micro, the world’s largest tech distie, by Chinese shipping magnate Tianjin Tianhai. The proposed buyout hit the rails earlier this summer when the Shanghai Stock Exchange fired a bunch of financial questions to Tianjin, …
Paul Kunert, 02 Nov 2016
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Virgin Media boss warns Brexit could hamstring broadband investment

Further uncertainty over Brexit could hamper Virgin Media's ability to get more broadband investment for the UK from its parent company Liberty Global, chief exec Tom Mockridge has warned. Speaking at the Broadband World Forum event, he said: "We need certainty over the outcome of Brexit," adding that when the business makes …
Kat Hall, 20 Oct 2016
Oracle and Sun logo

Oracle's quarterly security release offers 253 patches

Oracle has released its quarterly patch dump, this time offering 253 fixes for 76 products. Of those, 15 have a Common Vulnerability Scoring System (CVSS) score of 9.0 or over, making them critical. Interestingly, Oracle's short-form announcement of the patch dump includes this warning regarding critical bugs. Italics are …
Simon Sharwood, 19 Oct 2016
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If someone can translate Salesforce's $700m cool Krux plan into English, we'd be really grateful

Salesforce is buying data aggregator and analytics outfit Krux for US$700m in cash and shares. Exactly what Krux, based in San Francisco, does is hidden in wonderfully esoteric babble speak. It allegedly "provides a holistic system for consumer engagement and data governance, helping marketers, media companies, and agencies …

Google, Facebook etc rush to defend US govt in last-minute ICANN internet takeover lawsuit

A slew of internet organizations have come to the support of the US government in a last-minute lawsuit designed to prevent the handover of critical internet functions at midnight on Friday. The Internet Association – which represents Google, Amazon, Facebook et al – plus the Internet Society, Internet Infrastructure Coalition …
Kieren McCarthy, 30 Sep 2016
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Londoners react with horror to Tube Chat initiative

London’s commuters were plunged into terror this week as a shadowy organisation attempted to turn decades of convention on its head by encouraging people to talk to one another. It’s over 140 years since the capital’s inhabitants first learned to keep their gobs shut on underground trains or face the prospect of social …
Clodagh Doyle, 29 Sep 2016
Mr Creosote prepares to gobble

'Spotify wants SoundCloud'

Spotify is reportedly looking to acquire music sharing site Soundcloud. The FT reports (from behind a paywall) that the two companies are in "advanced talks" on a possible merger. A SoundCloud takeover would give Spotify one fewer rival in a streaming music market already crowded by the likes of Apple Music and Pandora. It …
Shaun Nichols, 28 Sep 2016
Argos Cannon Street Station, photo: Argos

Argos tech team updates iOS app with helpful info on 'eleventy-billion toilet seats'

Strange things are afoot among the developer team at Argos, it’s just not clear if an ill-judged lunchtime trip to the boozer, hijincks related to the recent £1.4bn takeover by Sainsbury’s or a rogue staffer are to blame. Argos screengrab from reader's phone.... Screengrab from the iPhone of a gentle Reg reader... The iOS …
Paul Kunert, 28 Sep 2016
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DoJ okays Netsuite slurp

Oracle says the United States Department of Justice has approved its planned acquisition of NetSuite. Big Red says "the all-cash tender offer for NetSuite at $109.00 per share, set to expire on October 6, 2016, will proceed as planned assuming the minimum required number of shares are tendered." That's still an uncertain …
Simon Sharwood, 28 Sep 2016
Mclaren F1 car with NTT logo

Apple wants to buy Formula 1 car firm McLaren – report

Updated Apple, the reassuringly expensive maker of iThings, is reportedly trying to convince Formula One racing car firm McLaren's execs to fall into line with a buyout. The Financial Times this afternoon claimed Apple is considering “a full takeover of McLaren or a strategie investment”, citing three people familiar with the …
Gareth Corfield, 21 Sep 2016

Hewlett Packard Enterprise bigwig chuckles at talk of buyout talks

The number two at Hewlett Packard Enterprise has brushed off talk the slimmed-down organisation could be vulnerable to a takeover, as the company is again linked with “possible” buyers - this time around Huawei, Lenovo, Oracle, Cisco and, er, Dell. Antonio Neri, executive veep and general manager for the Enterprise Group, told …
Paul Kunert, 21 Sep 2016
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Wikibon sticking to server SAN takeover idea

The August 2016 Wikibon report "Server SAN Readies for Enterprise and Cloud Domination" repeats the message of its Server SAN Research Project 2014 report, saying that "storage is moving inexorably from traditional storage arrays to Server SAN in a server rack." The report summary says the world-wide Server SAN market added $1 …
Chris Mellor, 05 Sep 2016

'Hey, Elon? You broke it, you bought it' says owner of SpaceX's satellite cinder

Battered by the loss of its satellite in last week's SpaceX earth-shattering kaboom, Israeli company Spacecom wants Elon Musk's launch company to part with cash or a free flight. The Amos-6 satellite fried in the disaster was intended to provide broadband coverage of Africa, with Facebook and Eutelsat among its intended …

Fake Twitter accounts, coup plots ... Wacky Hyperloop One lawsuit turns it up to 11

The extraordinary legal fight at Hyperloop One has grown even crazier – with the company claiming former CTO Brogan BamBrogan planned a detailed coup of the business. An amended complaint [PDF] filed Wednesday in a Los Angeles court includes several new accusations about cofounder BamBrogan, including the claim that he held …
Kieren McCarthy, 31 Aug 2016

Sharp's new CEO warns of job losses amid 'optimization'

The new CEO of Sharp Electronics has warned that there will be job losses at the consumer electronics company amid a broader restructure. Tai Jeng-wu now heads the company following the takeover by Foxconn for $3.8bn, which saw the giant take a 66 per cent ownership stake. The job losses have long been rumored, and Foxconn …
Kieren McCarthy, 22 Aug 2016
Large leaver switch on a board of push button switches

ICANN takeover in October

DNS overlord ICANN is all set to take control of the internet's highest level from the US government on October 1, it was confirmed this week. California-based non-profit ICANN runs a technical body called IANA, which oversees the world's DNS, IP address allocations, and protocol assignments. ICANN operates IANA for the US …
Chris Williams, 19 Aug 2016

How Brussels works: if you can’t beat them, join rewrite an EU directive

Analysis The biggest European telcos are poised to use Brussels to enact their revenge on American internet platforms, and on OTT providers like WhatsApp, the Eurocrats’ house journal The Financial Times claims. This isn’t exactly news, as a “sop to telcos” was exactly how we described what to expect last year, after we were leaked a …
Andrew Orlowski, 16 Aug 2016
Falling profits

Foxconn profits plummet 31%

Chinese manufacturing giant Foxconn Technology, aka Hon Hai Precision Industry Co, has suffered a dramatic fall in profits. The factory giant is still very profitable, according to figures out today, with net income of 17.7 billion New Taiwan dollars ($566m) in the second quarter of 2016. But that's down 31 per cent from the …
Iain Thomson, 12 Aug 2016
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Phisherfolk phlock to Rio for the Olympics

Criminals are ramping up their online presence in Rio de Janeiro, where the Olympic Games will open on Friday, August 5 – with IBM and Fortinet reporting new banking trojans and cyber crime activity in Brazil. Big Blue has reported a variant of the Zeus trojan has emerged on crime forums targeting local banks and exploiting …
Darren Pauli, 05 Aug 2016

Beer merger dwarfs EMC/Dell

Two of the world's largest brewers are set to merge. Anheuser-Busch InBev is already the world's largest brewer, producing Stella Artois, Budweiser, Becks, Leffe and Corona, among many others. The company has, of late, stalked rival SAB Miller, producer of Coors, Miller, Fosters, Peroni, Grolsch and plenty more. SAB Miller …
Simon Sharwood, 01 Aug 2016
Macbook 2015. Pic: Apple

Ditch your Macs, Dell tells EMC staff

Exclusive Staff at EMC who go out into the world to meet customers have been told their Apple Macs aren't allowed to come with them. Amid Dell's looming takeover of EMC, an edict has been issued insisting that Dell customers must only ever see Dell laptops during meetings and consulting engagements, EMC insiders have told The Register …
Simon Sharwood, 29 Jul 2016

O2 sales dip 9% as tight-fisted Brits cling to their old handsets

Sales at O2 UK fell by 8.9 per cent to €3.46bn (£2.91bn) for the first half of the year, as customers opted to hang on to their old handsets rather than upgrade. Sales for the quarter fell even further by 12.3 per cent year-on-year to €1.71bn (£1.4bn). However, Philip Carse, an analyst at Megabuyte, notes that, given the weak …
Kat Hall, 28 Jul 2016
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UK 'leccy car company Ecotricity patches leaky car recharge app

Security researcher Scott Helme has turned up a dumb password reset bug in UK energy company Ecotricity's car charging app. The bug is in the app the company provides for users of its network of 'leccy car recharge points: it had a bad user enumeration bug that would let an attacker reset someone else's password and therefore …
Poison pill

Micron sets a canary to watch over its stock in case of takeover

A filing in the Securities Exchange Commission has set the hounds running on speculation that Micron Technology is the latest takeover target in the ongoing consolidation of the chip business. The filing, in the arcane language of SEC documents, gets to the point in this statement: “[N]o person will become an Acquiring …
Dell e-commerce site

Revealed: How Dell can afford $67bn for EMC – by selling $650k laptops

World exclusive Dell's ingenious strategy for financing its audacious $67bn acquisition of EMC is a secret no more. Dell is already facing a staggering debt mountain to fund the takeover. Now a crack Reg investigative team can reveal that the Round Rock computing giant has an ambitious plan in place to raise the cash necessary for the deal …
Shaun Nichols, 22 Jul 2016

Whoa! Shanghai Stock Exchange delays $6bn Ingram Micro takeover

Tianjin Tianhai, the Chinese logistics giant, has delayed next week’s shareholder meeting to rubber stamp the $6bn takeover of Ingram Micro as it gathers data requested by the Shanghai Stock Exchange (SSE). Tianjin Tianhai, owned by the conglomerate HNA Group, revealed in February its intended acquisition of Ingram, the world …
Paul Kunert, 21 Jul 2016
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What's big and red and squashes 276 bugs, 19 of them critical?

Oracle has emitted its quarterly patch payload, along the way claiming an unwanted record by squashing an all-time-high 276 problems across 84 products. That's Oracle's biggest bug list to date. Worse still, plenty of them with CVSS scores of 9.0 or above that indicate the problem is critical. Among those nasties are 19 9.8- …
Simon Sharwood, 20 Jul 2016
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Softbank promises stronger ARM: Greater overseas reach and double the UK jobs

Brit-tech success poster child ARM holdings is to be acquired by Japanese telecom multinational Softbank. ARM, whose chip designs drive the majority of the world’s smartphones, is under offer for a remarkable £24.3bn - a premium of 43 per cent over current stock price. Softbank, whose last yearly revenue totalled 19.5 …
Gavin Clarke, 18 Jul 2016

Coup-Tube: Turkey blocks social networks amid military takeover

Access to YouTube, Facebook and Twitter is blocked in Turkey tonight amid an ongoing attempted military coup in the NATO nation. The cyber-blockade has failed to prevent pictures from the unfolding uprising spilling onto the internet, though. An intervention by a faction of the country's armed forces is underway right now as …
Shaun Nichols, 15 Jul 2016
London stock exchange, photo via Shutterstock

London Stock Exchange's German mega-merger: It's a go, despite Brexit

The London Stock Exchange takeover by its German competitor Deutsche Boerse (aka the "Merger of Equals") should still be going forward despite Brexit, but a planned vote by their respective shareholders throws another wildcard into how job cuts are shared between London and Frankfurt. The £12bn deal, announced in March, is due …
Dominic Connor, 04 Jul 2016
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Confirmed: Dell software sell-off

Dell has confirmed rumors that it is selling off its software division to private equity firms Francisco Partners and Elliott Management. "Francisco Partners and Elliott Management's deep passion for technology and proven track records in nurturing and building software businesses will enable Dell Software's loyal base of …
Iain Thomson, 20 Jun 2016
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Ex-SAP exec and pals accused of $500,000 insider trading scam

A former SAP executive and his associates allegedly ran an insider trading ring to net hundreds of thousands of dollars. Chris Salis was, until recently, global vice president and general manager for procurement at SAP. US financial watchdog the SEC claims he used his inside knowledge of SAP's takeover of Business Objects in …
Iain Thomson, 16 Jun 2016
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Symantec swoops on Blue Coat in $4.65bn deal

Blue Coat has scrapped its IPO plans in favour of a $4.65bn takeover by IT security rival Symantec. Greg Clark, Blue Coat CEO, will take the helm at Symantec, so resolving the question of succession of Mike Brown, who announced his resignation as CEO in April. On a pro-forma basis, the combined company would have $4.4bn in …
Drew Cullen, 13 Jun 2016
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Apple to kill off Mac OS X?

More hints that Apple will retire its “Mac OS X” brand have surfaced ahead of its annual developer conference. Support documents published by 9to5Mac indicated the platform will be rebranded macOS, the name of the Mac’s original OS when it launched in 1984, one of four Apple platforms. The others are watchOS, tvOS and iOS. …
Andrew Orlowski, 09 Jun 2016

EU vetoes O2 and Three merger: Hutchison mulls legal challenge

Hutchison is considering a legal challenge against the EU over its decision today to block the proposed £10.25bn merger between mobile operators Three and O2. "We will study the commission’s decision in detail and will be considering our options, including the possibility of a legal challenge," said Three's owner Hutchison in …
Kat Hall, 11 May 2016
Rosetta's view of Earth on March 5th, 2005

EU blocks O2/Three merger

The EU Commission has today blocked the proposed acquisition of O2 by Three's owner Hutchison under the EU Merger Regulation. The commission said it had strong concerns that UK mobile customers would have had less choice and paid higher prices as a result of the takeover, and that the deal would have harmed innovation in the …
Kat Hall, 11 May 2016
O2 XDA Argon

French maverick sniffs around O2

European Commissioner Margrethe Vestager is expected to block Three UK owner CK Hutchison’s takeover of O2 this week, leaving BT as the dominant player in the UK’s mobile market. BT, lest you forgot, is also the monopoly wholesaler of broadband, and the single largest retail provider of broadband too, with a 31 per cent share …
Andrew Orlowski, 09 May 2016

Jobs in Ireland may be vulnerable at post merger Dell Technologies

When Dell completes its acquisition of EMC and its subsidiary VMware, the combined Dell Technologies will become one of the largest technology employers in Ireland. But with role duplication almost inevitably raising the spectre of job losses as the firms integrate, the elimination of product overlaps will also have a job …
Chris Mellor, 05 May 2016
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EMC results: It'll all come out in the post-Dell deal wash

+Comment EMC saw many pockets of growth in its first fiscal 2016 quarter’s results but overall revenues declined because core legacy product revenues fell, as did RSA and the enterprise content business. These declines more than offset the impressive growth rates of newer products. In the EMC earnings call, CEO and chairman Joe Tucci …
Chris Mellor, 21 Apr 2016
Ultron

MIT boffins build AI bot that spots '85 per cent' of hacker invasions

Eggheads at MIT's Computer Science and Artificial Intelligence Laboratory (CSAIL) claim they have trained a machine-learning system to detect 85 per cent of network attacks. To reach that level, the software, dubbed AI2 [PDF], parsed billions of lines of log files, looking for behaviors that indicate either a malware infection …
Iain Thomson, 18 Apr 2016

Ruckus: A strong buy for Brocade, but leaves Juniper isolated again

Comment Pity poor Juniper. The networking company’s alliance with Ruckus Wireless last summer raised hopes that it would strike it third time lucky in the Wi-Fi market, filling the gaping wireless gap in its platform. Now Brocade has snatched carrier Wi-Fi leader Ruckus from under its rival’s nose with a $1.2bn acquisition. It's the …
Wireless Watch, 13 Apr 2016
Three store maidenhead

Ofcom wants you to thank it for resurrecting the spectre of BT's 1980s monopoly

Comment Years ago, we used to mock Ofcom for its Ofcom-branded bottled water, and its tediously technocratic “evidence based” approach, something which is actually enshrined in the 2002 Act that created it. Throughout its first decade, Ofcom chief execs stood regally above the fray, knowing that a regulator’s decision must be …
Andrew Orlowski, 12 Apr 2016