Articles about Takeover

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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
Cash in brown paper envelope CC 2.0 attribution StockMonkeys.com

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
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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
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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
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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
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Three to chop off £3bn of its network in bid to woo EU over O2 merger

Three UK is making a last-ditch attempt to win EU approval of its £10.25bn O2 merger with a number of sweeteners, including £3bn in network deals with competitors, according to reports. According to The Telegraph, Three's owner, CK Hutchison, has signed deals with Virgin and Sky that will guarantee space on its expanded mobile …
Kat Hall, 07 Apr 2016
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Marvell dumps founding spouses

Marvell Technology dumped its founding spouses, CEO Sehat Sutardja and president Weili Dai. Bloomberg reports an internal investigation criticized the "tone at the top," with the pair pressuring sales staff over targets. The move followed activist investor Starboard Value buying 6.7 per cent of the company. Starboard took to …
Philips Hue Starter Pack

Hue, not Three, could be Hutchison’s crown jewel as MNO model morphs

The European Commission has two months to decide whether to allow the takeover of Telefonica’s O2 UK arm by CK Hutchison, owner of 3UK, and if it does, what conditions will be imposed. One of the most likely demands will be for the merged entity to divest some of its infrastructure for a new entrant, or at least to earmark a …
Wireless Watch, 04 Apr 2016

Frontier rings in Verizon takeover by borking its network

Frontier Communications says that problems related to its takeover of Verizon's internet service led to outages across the three most populous states in the country yesterday. The company told The Register that errors related to the handover caused a failure early this morning in California, Texas and Florida. Making matters …
Shaun Nichols, 01 Apr 2016

Foxconn pays £2.5bn to swallow Sharp in cut-price takeover deal

Chinese iPhone assembler Foxconn is to swallow Japanese monitor biz Sharp for ¥389bn (£2.5bn) – around £625m less than it had previously been willing to cough up. Under the terms of the deal, Foxconn's daddy Hon Hai will gain a controlling stake of 66 per cent in Sharp. The takeover beat a proposal by the Japanese government …
Kat Hall, 30 Mar 2016

Load DynamiX ties knot with Virtual Instruments

Load DynamiX, a storage workload monitoring and simulating company, and Virtual Instruments, a Fibre Channel/Ethernet tapper and monitoring business, are merging after the tapper ran out of meaningful growth room. The merged entity will be called Virtual Instruments (VI), and Load DynamiX (LDX) CEO Philippe Vincent will be its …
Chris Mellor, 29 Mar 2016
Cat lies exhausted in front of a sandwich board advertising an internet cafe, with all manner of tech companies' branding plastered all over it: Google, Yahoo, Facebook, MSN , Skype, ,Opera, Ventrilo, Twitter, MIRC!!!

Top! tip! for! Yahoo! – 'Fire! your! board! of! directors!'

The activist investor firm who first pushed for the sale of Yahoo!'s core search business now wants to oust its board of directors. Starboard Value says that it wants to replace all nine directors at the Purple Palace with its own group of nine execs, who will make a "significant change" at the ailing search and advertising …
Shaun Nichols, 24 Mar 2016

Patch Java now, says Oracle. Leave the Easter chocolate until later

Oracle is urging Java users to upgrade, ASAP, to crimp a very nasty bug in the desktop and browser plug-in versions of the software. Labelled CVE-2016-0636, the flaw scored a 9.3 on the Common Vulnerability Scoring System bug severity rating. That high score comes about because the flaw means attackers “can impact the …
Simon Sharwood, 24 Mar 2016
Promo pic of Intel-acquired Replay Technologies FreeD product.

Intel in 3D and virtual reality dash

Comment Intel and Qualcomm are increasingly extending their reach beyond their core chip technologies and into surrounding technologies and even applications. Both seek to enhance their revenues and account control with end-to-end offerings in key emerging areas of technology such as virtual reality. Last week, Intel acquired Replay …
Wireless Watch, 21 Mar 2016

Steve Jobs, MS Office, Israel, and a basic feature Microsoft took 13 years to install

tropeR laicepS You know the cliches: software is always late, and some features take longer to implement than others. The software feature you’re about to read about has only taken 13 years to implement, and turned out to be one of the most politically explosive we’ve ever covered. Cast your mind back to the beginning of 2002. Apple was in …
Andrew Orlowski, 15 Mar 2016
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Third of US banks OK with passwords even social networks reject

Six of 17 major US banks have weaker password enforcement procedures than most social networking websites, according to a new study by an American university. The banks ask users to set up passwords that include letters and special symbols, but a study by researchers at the University of New Haven shows that in around a third …
John Leyden, 03 Mar 2016
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Dell's $67bn slurp of EMC gets green light from EU antitrust bods

The EU has waved through the $67bn (£47bn) takeover of EMC by Dell, less than a week since the Federal Trade Commission approved the deal. All that's left now is for Dell to find the cash to fund its purchase - more than $40bn worth of greenbacks. . The deal came under the commissioner's scrutiny as Dell and EMC both provide …
Kat Hall, 29 Feb 2016
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Foxconn spikes six-billion-dollar Sharp scoff – for now

The $5.6bn takeover deal for Foxconn to buy Sharp is on hold after the ailing Japanese company passed new information to its potential buyers at the last minute. "Most of the contents of the material information Foxconn received on Wednesday morning, before Sharp's board meeting began on Thursday, had not been previously …
Iain Thomson, 26 Feb 2016
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Imation owner to Violin: Talk now or it's (proxy) war

Happy weekend guys and let us in, or else it's proxy war. On Friday the Clinton Group and Imation, both stockholders of Violin Memory, sent a forceful letter to Violin's Board about the ongoing sale process and a need for dialogue. Imation is controlled by the Clinton Group. The two companies believe that troubled Violin …
Chris Mellor, 20 Feb 2016
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Google to snatch control of Android updates from mobe makers – analyst

Google is on the verge of a takeover that will change the way Android development and updates are handled. This according to Richard Windsor, an analyst with Edison Investment Research, who believes the Mountain View ad giant is tiring of slow updates and will soon take control of firmware updates away from hardware vendors. …
Shaun Nichols, 17 Feb 2016
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Dell all-hands staff letter says EMC takeover funds are in the bag

Dell has written to its global workforce, advising them that its transaction to acquire EMC is on track. In a letter recorded by to the United States Securities and Exchange Commission (SEC), Dell chief integration officer Rory Read says “I want to address some of the chatter over the past few weeks about possible financing …
Simon Sharwood, 17 Feb 2016
Michael Dell, photo: Dell

Dell 'struggling to raise funds for EMC gobble'

Dell's US$67bn mega-merger with EMC could be in trouble, with bankers reportedly having trouble raising the funds to foot the acquisition. The takeover, which was announced in October, looked like plain sailing, but the falling stock market, and in particular the crash in tech stock prices, appears to have had a knock-on …
Iain Thomson, 12 Feb 2016
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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

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 …
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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
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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
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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 …
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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
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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
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Devilish flash DIMMer Diablo gets $19m and new CEO

Comment Flash DIMM developer Diablo Technologies has had a $19m funding round, got itself a new CEO, and seen off legal foe Netlist in a great start to the new year. Diablo has Memory1 flash DIMM technology which adds NAND to a server's memory space as a cheaper but slower DRAM substitute, enabling server applications to run faster, …
Chris Mellor, 12 Jan 2016
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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
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Microsoft Lumia 950 and 950XL: Clear thoughts of Continuum with a snazzy camera

Review There’s only one reason you might want to buy either of the new flagship Microsoft Lumias. Straight off the bat, we can tell you it's not the party trick Continuum, where your phone doubles up as an ARM-based PC to run Microsoft Office. Nor is that reason Windows 10 – which is still buggy, bereft of significant new benefits …
Andrew Orlowski, 08 Dec 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
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Facebook to Belgian data cops: Block all the cookies across the web, then!

Facebook has confirmed that it will temporarily comply with an order from a Belgian court to stop tracking people who don't have accounts on the free content ad network. However, it has attempted to frame Belgium's privacy watchdog's successful complaint as flawed by claiming that blocking its data cookie will expose netizens …
Kelly Fiveash, 03 Dec 2015
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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