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Articles about Takeover

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 …
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
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

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 …
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 …
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
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
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 …
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
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
Vodafone Simply Sagem VS2

US megalocorp AT&T: We're NOT swallowing Blighty's Vodafone

Speculation that AT&T was shopping for Vodafone as an entry into the European market has been brought to an end after an exec ruled it out. At the request of the Takeover Panel, the independent body which regulates the city of London code on takeovers, AT&T has said that it will not pursue Vodafone. The takeover panel refused to …
Simon Rockman, 27 Jan 2014
Handshake

Comcast Corp to merge with Time Warner Cable in MONSTER $45bn deal

Comcast Corp plans to merge with Time Warner Cable in an all-stock deal priced at $45.2bn. The move will bring together the two biggest cable outfits in the US, if the takeover is waved through by regulators in the country. Comcast said it hoped to officially tie the knot with Time Warner Cable by the end of this year. The …
Kelly Fiveash, 13 Feb 2014
Dell chairman and CEO, Michael Dell

Dell buyout stalled by Microsoft, low takeover price?

The word making its way around Wall Street is that Michael Dell's plan to take the company that bears his name private through a leveraged buyout has stalled because of the competing interests of private equity firm Silver Lake, which is ponying up a big piece of the cash to do the deal, and current Dell shareholders who want …
The Register breaking news

Groupon shuns Google's $6bn takeover bonanza

Groupon walked away from acquisition talks with Google late last week, after speculative reports suggested that the world’s largest ad broker was willing to splurge up to $6bn to buy the e-commerce coupon outfit. According to the Chicago Tribune, which cited sources familiar with the matter, Groupon turned its back on Google …
Kelly Fiveash, 06 Dec 2010
The Register breaking news

Oz regulator punctures Foxtel takeover bid

Foxtel’s ambition to create a subscription TV monopoly with the $1.9bn takeover of rival Austar has been significantly dampened by the competition regulator. On Friday the Australian Competition and Consumer Commission (ACCC) released its ‘Statement of Issues’ on the takeover which provides the regulator’s preliminary views. …
Peter Jones, Dragon's Den star

I'm in: Peter 'Dragons' Den' Jones launches bid to buy out Expansys

Dragons' Den star Peter Jones has launched a £6.1m takeover bid of his electronics retail firm Expansys. The entrepreneur made his move after increasing his share ownership in the AIM-listed firm from 41.4 percent to more than 50 per cent. Jones bought some 110.3 million shares to become the majority owner. This means that …
Jasper Hamill, 16 Jan 2014
The Register breaking news

Nominet 'sought govt protection from takeover by domain hawkers'

Nominet, the .uk address registry, sought government help to protect its board of directors from a takeover by domain name speculators, according to its former policy chief. The claims, which Nominet denies, are documented in the findings of an employment tribunal, which found the company guilty of constructive dismissal and …
Kevin Murphy, 17 Aug 2012

You're fired: Lord Sugar offloads faded PC builder Viglen to XMA

Lord Sugar has walked away from education tech supplier Viglen, which has inked a big channel merger deal with government reseller XMA. The company's customer services boss Glyn Wragg told workers on Monday about the takeover. An anonymous source, who works at the firm, told The Channel that it was the first official word …
Team Register, 09 Jan 2014
The Register breaking news

Sky News spun out as BSkyB takeover OK'd, more or less

News Corporation's buyout of satellite payTV operator BSkyB has been accepted in principle by the Culture Secretary, following advice from UK regulators Ofcom and the Office of Fair Trading. News Corp has agreed to spin out and fund the Sky News operation for 10 years. Although the European Commission has said the buyout would …
Andrew Orlowski, 03 Mar 2011

Scandal-hit Co-op Bank's CIO hits eject button after one year

The Co-op Bank has lost its chief information officer about a year after he took up the role. Pete Coleman will leave at the end of April, a bank spokesperson told The Reg. Coleman’s LinkedIn profile says that he’s already gone and looking for other CIO roles. The spokesperson did not explain why Coleman had ejected from the …
Gavin Clarke, 10 Apr 2014
Violin

Violin investor: Broken-stringed firm has had FIVE buyout offers

Violin Memory, the troubled top dog in the all-flash array market, has received up to five buy-the-company offers, according to an activist investor pushing for a sale. Gregory Taxin is president of the Clinton Group which is prodding Violin to shop itself after its disappointing IPO and firing of CEO Don Basile. Media outlet …
Chris Mellor, 30 Jan 2014
US spectrum map

Judge: Odds of bankrupt Lightsquared sorting itself out are 'zero'

Bankrupt wireless company LightSquared is hoping to submit a restructuring plan that its creditors can agree with by this Friday, although the judge in the bankruptcy case thinks it's unlikely the firm will get everybody on board. In a hearing yesterday, LightSquared's attorney said the company was aiming to file a …
The Ultima Tool Chest's fridge

Cybercrooks slide fingers into TELLIES+FRIDGES, spam splurge ensues

Miscreants have launched an Internet of Things-based cyberattack involving household "smart" appliances. The global spam distribution campaign involved more than 750,000 malicious email communications coming from more than 100,000 everyday consumer gadgets. Items such as home-networking routers, connected multi-media centres, …
John Leyden, 17 Jan 2014
Resident Evil zombie takeover

Multi-platform Java bot marshals ZOMBIE FORCE against spammers

Miscreants have brewed a multi-platform strain of malware capable of infecting Windows, Mac OS and Linux PCs. The evil bot, which surfaced in early January, was written entirely in Java and designed to take advantage of the CVE-2013-2465 vulnerability (a Java flaw patched by Oracle last June) to infect victims. The malware - …
John Leyden, 30 Jan 2014
Resident Evil zombie takeover

Apple in bid to turn MORE and MORE humans into iPhone-stroking fanbois

Apple's new sapphire glass production facility in Arizona will contain enough machinery to make 100 million iPhone screens, it has been claimed. It was estimated back in October last year that over 421 million iPhones have been sold since the product was launched in 2007. If the estimate about the new Arizona factory is correct …
Jasper Hamill, 10 Feb 2014
australia

End of an era as DiData ditches its distie

In the early 1990s, a mighty force arose in the Australian IT industry. Led by the charismatic Shein brothers, ComTech became a distribution colossus, fuelling the rise and rise of Microsoft and Cisco. ComTech's Sunshine Coast-based Forums were legendary – a who's who of Australian IT turned up, got legless, and either made …
Simon Sharwood, 10 Feb 2014
The Register breaking news

Sky News Google Play page defaced

Sky News seems to have a habit of letting its credentials escape into the outside world, apparently letting the Syrian Electronic Army get its paws on its Google Play admin account. As a result, it's had the embarrassment of having the Sky News app screenshots in Google Play replaced with an announcement that “The Syrian …

Ono board mulls Vodafone's offer to grab its pipe for £5.8bn

The board of Spain's biggest cable operator Ono will meet today to decide if it should accept a £6bn (€7bn) bid from Vodafone or push ahead with its plans for an IPO. The sale would see a reasonable return on investment for the four venture funds Anglo-CCMP, Providence, Thomas H Lee and Quadrangle, which invested in 2005. …
Simon Rockman, 11 Feb 2014
A German Type Ae 800 observation balloon

Jawohl! Vodafone gets nod for £6.5bn Kabel Deutschland slurp

Vodafone now owns just over three quarters of Kabel Deutschland, following a shareholder meeting which approved the British operator's takeover of the German telco, creating a one-stop-shop for continental consumers. The buyout, which cost Vodafone £6.5bn, was announced back in June but has been awaiting shareholder approval and …
Bill Ray, 14 Oct 2013
Dell logo

Dell's takeover talks with Quest stall

Dell has made no secret of its desire to build up a systems software business with a tidy recurring revenue stream and a broad portfolio of products with which it can peddle to enterprise customers. But every deal that Dell wants to do doesn't always happen, and this seems to be the case with its rumored interest in acquiring …
homeless man with sign

Novell snubs hedge fund's $1bn takeover bid

Novell has spurned an unsolicited $1bn cash takeover bid from Elliot Associates. It said on Saturday that it had considered the company's offer to acquire Novell for $5.75 per share in cash, but concluded such a deal was "inadequate" and "undervalued" Novell's "franchise and growth prospects". Earlier this month New York-based …
Kelly Fiveash, 22 Mar 2010
The Register breaking news

On2 investors call off attack dogs against Google takeover

On2 Technologies Inc has settled legal challenges mounted by some shareholders who opposed Google's proposed $106.5m acquisition of the video software company. In August, a number of On2 investors expressed dissatisfaction with the price and terms of the takeover, and some filed separate lawsuits in New York and Delaware against …
Kelly Fiveash, 27 Oct 2009
channel_partners_deal_handshake

Lenovo banks on $1 BEELLION Moto turnaround in SIX quarters

Lenovo boss Yang Yuanqing has boasted that he can wipe Motorola Mobility’s $1bn-a-year (£600m) losses in just six quarters once his firm takes the helm at the handset maker. Yang told Bloomberg on the sidelines of Mobile World Congress this week that he could make the turnaround without the need to cut any jobs. “Don’t be …
Phil Muncaster, 27 Feb 2014
Kim Dotcom

Dotcom's Mega looks for a backdoor onto NZ stock exchange

Kim Dotcom’s cloud storage business Mega Ltd has announced plans to go public with a NZ$210 million (£109m) backdoor listing on the New Zealand stock exchange, which will open the firm up to a whole new level of scrutiny. Backdoor listings are usually enacted by smaller firms looking to go public without the cost and hassle of …
Phil Muncaster, 25 Mar 2014
The Register breaking news

BSkyB seeks 100s of Geordies to deal with broadband customer growth

BSkyB is looking to fill 550 job vacancies to meet what it described as "strong demand" for its TV and broadband services. The move comes after the British broadcaster confirmed that it had completed its takeover of O2 and BE's home broadband networks on Wednesday. BSkyB, which is 39 per cent-owned by Rupert Murdoch's News Corp …
Kelly Fiveash, 02 May 2013
Cat 5 cable

Time Warner merger great for Comcast, but not for anybody else

The merger of the two biggest cable companies in the US has set the markets aflutter, but the government has the final say on whether to allow the deal, and regulators will now be taking a long, stern look at how the deal with change the US TV and broadband market. Under the terms of the merger, Comcast will pay out $45.2bn in …
Iain Thomson, 14 Feb 2014

Rumblings: Amazon to chum up with HTC, smartphones in mind

HTC is having another tilt at hanging its fortunes on a big American brand, this time with Amazon. The mobe-maker's chief of marketing told the Financial Times “We have been very focused on building our own brand, but we have also been very open to co-branding and collaborating with carriers and other technology brands.” The …
Paying for something online

PayPal pays pals $800m for Braintree

PayPal, the dough-handling arm of online tat bazaar eBay, is buying rival payments portal Braintree for $800m in cash. Braintree, founded in the US in 2007, specialises in mobile transactions and has nearly 200 employees working out of offices in New York, Chicago and San Francisco. Braintree's CEO William Ready said today that …
Kelly Fiveash, 26 Sep 2013
Dell logo in crosshairs

Icahn offers to sweeten his Dell deal with warrants

If either Michael Dell or Carl Icahn wanted to win a deal to take control of Dell, the company, all they would have to do is pony up some of their own cash hoards and that would be that. But this is business, and the last thing in the world you do is spend your own money. In the latest move, corporate raider Icahn is sweetening …
The Register breaking news

SoftBank sweetens Sprint bid by over a BEELLLION dollars

Japanese carrier SoftBank has sweetened its deal for US phone firm Sprint by over a billion dollars just two days before shareholders were due to vote on the offer, making the board very happy – but delaying the final merger decision. SoftBank is now willing to part with $21.6bn for 78 per cent of the network, which is the third …
The Register breaking news

Novell mulls hedge fund takeover

Commercial Linux distro and systems software maker Novell said last night, after it had received a takeover deal from a New York hedge fund named Elliott Associates to take Novell private, that it would put out a statement about the proposal. It took nearly four hours to come up with the statement, and the wonder is why. Here's …
The Register breaking news

Who's the daddy of Virgin Media now? That would be Liberty Global

US cable giant Liberty Global has completed its takeover of Virgin Media in a $24bn (£15.5bn) cash deal. VM boss Neil Berkett - now £42m richer - has been replaced by one-time News Corp man Tom Mockridge. The telco's new CEO told the city that he was glad to be "joining the company at this important inflection point in its …
Kelly Fiveash, 10 Jun 2013
The Register breaking news

Gizmo5 Linux client vanishes in wake of Google takeover

Gizmo5 users are complaining that since the VoIP outfit was acquired by Google earlier this month, the Linux client of the firm’s tech has been ditched. Only the Windows, Mac and iPhone clients are available for download from Gizmo5’s website, according to some users who have grumbled on the start up’s forum. Gizmo5 offers …
Kelly Fiveash, 30 Nov 2009

Redcentric wolfs down InTechnology MS, becomes swing-bellied midmarket fatso

Redcentric has devoured InTechnology Managed Services in a reverse takeover* valued at £65m that creates a relative midmarket channel powerhouse. Under the terms of the deal, first revealed by The Channel this weekend, 80 million shares priced at 80 pence each will be placed with institutional investors to raise £64m and the …
Paul Kunert, 18 Nov 2013
The Register breaking news

Cisco issues IronPort patch

Cisco has issued a patch for vulnerabilities that exposed its IronPort AsyncOS software for the Cisco e-mail security appliance to cover denial-of-service and command injection problems. The vulnerability, described here, exposed several IronPort components. Its Web framework would allow and authenticated remote user to execute …
The Register breaking news

Japanese SoftBank's $20bn Sprint gobble clears US security hurdle

American authorities have apparently said Uncle Sam's national security will not be jeopardised by Japanese giant SoftBank's proposed takeover of US telco Sprint - clearing the way for the $20bn acquisition. The companies said they have now received clearance from the Committee on Foreign Investment in the US (CFIUS), which said …
Marissa Mayer working from home?

Washington Post officially sold to Amazon's Bezos for quarter of a Tumblr

Amazon founder Jeff Bezos last night completed his bargain-basement takeover of the Washington Post, which he bought for $250m in cash. When the buyout plan was announced in August, 49-year-old billionaire Bezos said of the bold move: "This will be uncharted terrain and it will require experimentation." While other internet …
Kelly Fiveash, 02 Oct 2013

Axe falls: Virgin Media plans to kill 600 management jobs

Virgin Media is shedding up to 600 management jobs in the wake of Liberty Global's takeover of the British telco. The Register understands that the cost-cutting restructure is intended to help the company focus on growth. A source close to the situation told us that, in the coming months, most of the other UK-based positions – …
Kelly Fiveash, 20 Sep 2013