Articles about Takeover

Verizon!–Yahoo! takeover! inches! ahead!

Verizon has decided its Yahoo! strategy is important enough to occupy the attention of the CEO of its AOL business unit. Accordingly, Tim Armstrong has been set the task of ringing Marissa Mayer's doorbell, chocolates, flowers and a huge bag of money in hand. Verizon had already (somewhat inexplicably) identified Yahoo! as a …
top of the bt tower

Watchdog says yes to BT's EE takeover deal. Shrugs. No 'significant' harm in it

The UK's competition watchdog has today cleared the £12.5bn takeover of EE by BT, finding that the merger will "not cause significant harm to competition or the interests of consumers." The deal will give BT a 32 per cent share of the the mobile subscription market and nearly 600 EE shops. Earlier this week The Register …
Kat Hall, 15 Jan 2016

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
Fairchild logo

Remember Fairchild? It's still around, and worth $2.4bn in takeover cash

Fairchild Semiconductor, a company synonymous with the rise of Silicon Valley, has agreed to a $2.4bn acquisition offer. Arizona-based ON Semiconductor said it would pay $20 per share in an all-cash offer to acquire Fairchild and create a combined company targeting the mobile, automotive and industrial chip markets. "The …
Shaun Nichols, 19 Nov 2015
Reinhard Ploss CEO

Infineon CEO admits auto-chip biz may be a takeover target

Former Siemens chip company Infineon may find itself on the shopping list of a bigger semiconductor company, thanks to its strength in automotive. Consolidation and specialisation has been the order of the day in the semiconductor industry, with fewer companies for each type of component. Where once there were a dozen or so …
Simon Rockman, 01 Sep 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 …
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
Still from Stand By Me movie. Pie eating contest

SanDisk struggles to fatten itself up ahead of WD takeover

A final growth quarter but revenue declines on the annual compare, amid falling annual revenues, end a tough year for SanDisk as it prepares to be acquired by WD. Final 2015 quarter revenues were $1.54bn, 11.5 per cent on the year-ago quarter, although they were 6.2 per cent higher than the third 2015 quarter. This beat Wall …
Chris Mellor, 28 Jan 2016
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 …
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
Cowboy_wranglers

Virgin Media daddy Liberty Global swoops on Cable & Wireless Communications

Liberty Global – the owner of UK telco Virgin Media – has agreed to buy Caribbean-based operator Cable & Wireless Communications for £3.5bn ($5.3bn). The cash and stock deal extends Cable Cowboy John Malone's lasso into Latin America. CWC said that the buyout would "enhance customer benefits" and allow the business to grow as …
Kelly Fiveash, 17 Nov 2015
Signpost saying Happy Sad

EMC customers show distinct lack of Dell delight – research

EMC customers are far from delighted regarding the proposed Dell takeover, according to the 451 research house. Its research report found 43 per cent of EMC-only customers typically see Dell as a PC supplier, and 42 per cent thought it was out of tune with their enterprise IT concerns. Amongst the EMC-only customers, some 13 …
Chris Mellor, 16 Oct 2015
Suitcase full of money

Broadcom lowers cone of silence over results

Broadcom has pleased investors, turning in Q3 financials that saw its profit rise in the face of falling revenue. After a tough couple of years which, among other things, saw it exit the cellular baseband modem market, and with investors unhappy at the US$37 billion Avago takeover of the company, the results were welcomed, …
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 …
Kelly Fiveash, 15 Apr 2013
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

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 …

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
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
An Amazon Coin

Amazon UK boss is 'most powerful' man in food and drink

"He doesn’t run any supermarkets and his market share in groceries is minuscule. But Chris North gives grocery the shivers.” So says The Grocer, a trade magazine, which has named the Amazon UK boss as No.1 in the The Grocer’s 100 Power List, beating out more orthodox names such as Aldi UK boss Matthew Barnes, who ranks no.2. …
Drew Cullen, 09 Feb 2016
BT Openreach at work

BT rebuked for attributing some EE acquisition costs to 'all UK lines of business'

Telecoms giant BT has been rebuked by the UK's industry regulator for attributing some of the "acquisition costs" associated with its takeover of EE to all of its UK business divisions, including Openreach. Ofcom said it was "inappropriate" for two charges, totalling £1.7 million, to be attributed to "all UK lines of business …
OUT-LAW.COM, 23 Nov 2015
Sony logo

Sony slurps Altair Semiconductor to make 'things' sing

Sony has put US$212 million on the table to buy LTE silicon vendor Altair Semiconductor. The Israeli chip developer runs the gamut from 200 Kbps low-power (and low-cost) Internet of Things comms chips up to 450 Mbps chipsets for base stations, mobile Internet and motor vehicle applications. In December, the takeover target …
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 …
Verne Global data centre server racks from above

Telecity shuffles off London stockmarket

Former UK-owned data centre outfit Telecity has today delisted from the London stock market, having formally been subsumed by US co-location giant Equinix following its £2.3bn acquisition. The deal, which was announced back in May 2015, will add an annual revenue of £349m to Equinix's global turnover of $2.4bn (£1.7bn). It …
Kat Hall, 15 Jan 2016
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 …
Facepalming statue

Brian Krebs criticises PayPal’s security as authentication flaws exposed

Updated Enemies of investigative reporter Brian Krebs took over his PayPal account twice on Christmas Eve, but were foiled on both occasions in their attempts to transfer funds to an account associated with an assassinated jihadist hacker, he said. Krebs, who has been the target of several previous unsuccessful attempts to discredit …
John Leyden, 30 Dec 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
Huawei and Foxconn road sign

Foxconn to slurp Sharp for US$5.6 BEELLION

Foxconn's CEO Terry Gou says Sharp will be slurped into the Chinese manufacturer's maw by the end of February. According to Reuters, executives of the two companies have reached a consensus about the main details of the ¥659 (US$5.6 billion) deal. “We have a consensus”, he reportedly said. “The rest is a process … I don't see …
Team Register, 07 Feb 2016
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
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
ASC Cable Landings

Nextgen, Vocus revive Perth-Singapore cable project

Nextgen Group's stalled plans to build a submarine cable from Perth to Singapore are moving again, with M2 takeover target Vocus signing a memorandum of understanding to take a half-share in the build. Restarting the 100 Gbps project would give the west of the country an alternative to the ageing and trouble-prone SeaMeWe-3 …
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
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 …

EU orders Equinix to dump colos in Amsterdam, London and Frankfurt

Equinix will be forced to offload data centres in Amsterdam, London and Frankfurt as the price of EU approval of its takeover of Telecity. The European Commission has given a conditional green light to the £2.3bn deal, which Equinix first announced bid back in May, aiming to add 39 European data centres to its 100-strong US …
Joe Fay, 16 Nov 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

Speaking in Tech: Laugh it up, Dell/EMC cloud guys... while you can

Podcast It's another episode of our weekly techcast, hosted by Greg Knieriemen, Ed Saipetch and Sarah Vela. This week it's a full house to talk about Dell and EMC, but there was also news from AWS re:Invent, Safe Harbor and Apple. Our special guests this week are Stu Miniman, senior analyst at Wikibon and Brian Gracely, Wikibon …
Team Register, 14 Oct 2015

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

Acer chief exec Stan Shih: Exiting the PC market? Not us!

IDC analyst Tom Mainelli put the cat among the pigeons with his prediction last week that two of the top 10 PC vendors – but not the top four – will shutter their operations within the next two years. His prognosis stung Asustek CEO Jerry Shen yesterday to proclaim his company’s allegiance to the PC market. Today, Acer …
Drew Cullen, 12 Nov 2015
Ofcom has great power over mobiles

Ofcom retreats from 4G spectrum auction after legal threat from Three, O2

Ofcom has halted its 4G spectrum auction, following threats of legal action from Telefónica UK and Hutchison. The two mobile operators are currently being probed by antitrust officials in Brussels, who are considering whether Telefónica UK's planned sell-off of O2 to Three owner Hutchison "would harm competition". The firms' …
Kelly Fiveash, 04 Dec 2015
management social5

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
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
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 …
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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
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UK competition watchdog provisionally clears BT's £12.5bn EE gobble

BT's planned £12.5bn merger with EE has provisionally been given the greenlight by Blighty's Competitions and Markets Authority. The regulator said this morning that the proposed acquisition, which is expected to be completed by March next year, was "not expected to result in a substantial lessening of competition in any …
Kelly Fiveash, 28 Oct 2015
EE Power Bar

EE reports flat Q3 sales, keeps mum on Power Bar recall debacle

EE reported flat third-quarter revenues to the City this morning and tried to ease investors by promising – once again – that it would do a better job on customer service. During the three-month period ended 30 September, the mobile carrier was battling a major product recall. But it made no mention of the Power Bar blunder …
Kelly Fiveash, 21 Oct 2015