Articles about Takeover Bid

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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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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
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

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
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 …
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
Monty Python dead parrot sketch

Google-Twitter hookup rumours pushes up babble blog site's shares

+Comment Google is once again rumoured to be mulling over a potential takeover bid of micro-blabbing site Twitter. The latest speculative guff pushed shares in Twitter up nearly four per cent by the close of play on Tuesday as Wall Street appeared to respond favourably to the scuttlebutt. That rise in shares was the best performance …
Kelly Fiveash, 08 Apr 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
Qualcomm

Chipzilla of the mobile world Qualcomm wants to slurp Brit vendor CSR... for £1.6bn

UK Bluetooth specialist CSR looks set to wed Qualcomm Inc, after the mobile chip giant said it had agreed to buy the company for £1.6bn ($2.5bn). San Diego-based Qualcomm said that the acquisition would allow it to beef up the firm's Internet of Stuff and car entertainment businesses. The company's chief Steve Mollenkopf said …
Team Register, 15 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 …
Simon Rockman, 29 Aug 2014

Facebook's new self-destructing pic app SELF-DESTRUCTS

Facebook mistakenly hit the button to unleash a new app called Slingshot that's similar to Snapchat – clumsily releasing it early on Apple's iTunes store yesterday. The Menlo Park biz has yanked the software, which allows you to send self-destructing sexts photos to tease friends. Gizmodo noted Slingshot requires a little more …
Kelly Fiveash, 10 Jun 2014

Brocade flogs adapter biz to QLogic: Are they cutting losses or pleasing investors?

Late last week data networking gear firm Brocade announced it was selling its Ethernet and Fibre Channel adapter business to QLogic for an undisclosed sum. The storage networking host bus adapter (HBA) market was entered by Brocade in May 2007 with both iSCSI adapters and HBA products. The HBAs were marketed with messages …
Chris Mellor, 20 Jan 2014
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
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 …
BlackBerry bleeding

BlackBerry board swatted away offers to break it up, sources claim

Despite all of the parties that were said to be interested in acquiring pieces of stricken smartphone vendor BlackBerry, breaking up the company was never an option that was on the table, sources claim. The Canadian firm spent six weeks trying to sell itself off but ultimately failed. Instead, it ended up with nothing more …
Neil McAllister, 09 Nov 2013
michael_dell

Dell, the man, prevails in quest to wrest Dell, the company, from Wall Street

Analysis So that's done, then. Shareholders of IT giant Dell have approved a $24.9bn private takeover bid put together by company founder Michael Dell, Silver Lake Partners, and borrowed dough from Microsoft and a slew of banks. Now Wall Street will be off Dell's back as it tries to reorganize itself for the future of computing, …

Big Mike shoots email to Dell staff: My backers and I are your best bet

Michael Dell has told employees at the struggling firm that he's "passionately committed" to getting his $24.9bn leveraged buyout deal through the shareholder vote and using R&D and acquisitions to become a more competitive firm. In an email to staff, also filed with the Securities and Exchange Commission, Big Mike said that …
SOURCE: http://www.sxc.hu/photo/959469

Cisco coughs $2.7bn for Sourcefire

Cisco has dug deep and found $2.7bn for intrusion prevention security player Sourcefire. Sourcefire started out in intrusion detection/intrusion prevention but expanded over the years to add next-generation firewall and advanced malware protection wares to its portfolio. Cisco reckons the acquisition will accelerate the …
John Leyden, 23 Jul 2013
Dell logo in crosshairs

Icahn scratching head over BEEELLLIONS needed for Dell deal

Carl Icahn could be ready to walk away from the Dell rescue deal after reports suggested he's finding stumping up the cash for the refinancing plan a little more difficult than he'd hoped. Sources told CNBC and the New York Post that Icahn is having second thoughts about the billions needed to finance the offer for Dell put …
Dell logo in crosshairs

Dell ready to pay Icahn $25m to behave himself during buyout deal

The board of directors at Dell are so eager to look like they are doing their jobs selling off the company to the highest bidder that they are willing to spend tens of millions of dollars to cover the expenses for due diligence that three different groups – one led by company founder Michael Dell, and others lead by Blackstone …
Dell chairman and CEO, Michael Dell

More naysayers pour cold water on Dell LBO

Dell, the company, might want to be more like IBM, but this leveraged buyout takeover bid that Michael Dell and Silver Lake Partners have put together is starting to smell more like the Hewlett-Packard acquisition of beleaguered Compaq more than a decade ago. Southeastern Asset Management, which owns an 8.4 per cent stake in …
Dell chairman and CEO, Michael Dell

Big Dell shareholder says LBO is 'woefully inadequate'

The price that something is worth is not what you can come up with in some spreadsheet, but rather the price that someone will pay for it. That was a hard lesson for Southeastern Asset Management (SAM) to learn when it heavily invested in Sun Microsystems before it was ultimately sold to Oracle, and this could turn out to be …
The Register breaking news

Judge OKs Novell investor suit over Attachmate sale

A judge in the Delaware Court of Chancery has ruled that members of Novell's board who approved the company's sale to Attachmate must defend their decision in court against allegations that they acted in bad faith by ignoring competitive offers from other parties. Novell's board of directors voted to accept Attachmate's $2.2bn …
Neil McAllister, 08 Jan 2013
The Register breaking news

Microsoft-Netflix bid rumours feast on froth – and logic

Some of the big takeovers in the pay TV arena have taken analysts by surprise, but that will not be the case if, as looks increasingly likely, Microsoft tables a bid for Netflix. We all know where the rumour began, with the announcement early in October that Netflix CEO Reed Hastings was standing down from his other big role …
Faultline, 03 Nov 2012

Emulex hopes 16Gbps Fibre Channel will give it the kiss of life

Emulex is pinning hopes on 16Gbps Fibre Channel Host Bus Adapter (HBA) growth after Q4 sales flatlined and it recorded a $28.8m (£18.37m) loss. And with Broadcom's legal fangs still fastened to its ankles, it's just no fun at all for the firm in the storage networking adapter business. Let's briefly set the scene: the company …
Chris Mellor, 10 Aug 2012
The Register breaking news

Emulex coughs up $58m in Broadcom fibre optic patents clash

Emulex is paying Broadcom $58m to partially settle patent infringement claims. Broadcom makes (among many, many things) Ethernet gear and attempted to sue Emulex for infringing 10 of its its patents in 2009. The 2009 suit came just months after Emulex rejected a second takeover bid from Broadcom. With this settlement, three of …
Chris Mellor, 09 Jul 2012
The Register breaking news

Prime Minister faces grilling at Leveson Inquiry

Prime Minister David Cameron will appear at the Leveson Inquiry next week. The Chancellor of the Exchequer, George Osborne, Deputy Prime Minister Nick Clegg, and former Labour PM Gordon Brown will also face a grilling at the media ethics probe. According the inquiry's witness list [PDF], Cameron will be the sole person to …
Kelly Fiveash, 08 Jun 2012
vintCerf

Vint Cerf: 'COMMUNISTS want to seize the INTERNET'

Comment No less a figure than Vint Cerf has been addressing the US Congress on why the UN can't be allowed to control the internet, whipping up sentiment against a supposed takeover bid and at the same time advocating something at least as controversial. Testifying to the House of Representatives Energy and Commerce Committee, on …
Bill Ray, 07 Jun 2012
The Register breaking news

Networking giant Emulex stumbles at third quarter hurdle

Emulex's latest earnings show a fall compared to the previous quarter: which was the first profitable quarter after six loss-making ones. This means execs at the networking giant are probably on high alert for any further signs of a return to that slough of despond. Revenues for its third fiscal 2012 quarter totalled $125.7m, …
Chris Mellor, 26 Apr 2012
The Register breaking news

Ofcom: The Office of Screwing Over Murdoch?

Analysis There are several winners in the wake of News Corp's collapsed BSkyB takeover, but the most unlikely is one we’ve all overlooked. It might surprise you, too. In 2009 David Cameron promised a “bonfire of the quangos” if the Conservatives took power. He singled out one quango in particular: Ofcom. The uber-regulator was created …
Andrew Orlowski, 26 Apr 2012
The Register breaking news

UK Treasury flogs Northern Rock to flirty Virgin

Northern Rock was a major victim of 2008's credit crunch - but it survived with help from the then Labour government, which nationalised the Newcastle-based money outfit. Now the Tory-LibDem coalition is shoving it back into the corporate world. Step forward bearded biz baron Sir Richard Branson, whose Virgin Money company has …
Kelly Fiveash, 17 Nov 2011
The Register breaking news

Kick! Bostock! out! too! demands! Yahoo! shareholder!

Outspoken hedge fund manager Daniel Loeb has discharged another strongly-worded letter to Yahoo! co-founder Jerry Yang and the board, urging changes at the top to bring the company back from the brink. Loeb, who heads up the Third Point fund, which holds a 5 per cent stake in Yahoo!, is not content with Yahoo!'s sacking of CEO …
The Register breaking news

Yahoo! fires! CEO! Carol! Bartz!

Carol Bartz is no longer the CEO of Yahoo!, according to a report citing sources at the company, and she has apparently confirmed the news with a brief note to company employees. The company has not yet responded to a request for comment. AllThingsD reports that chief financial officer Tim Morse has been tapped to serve as …
Cade Metz, 07 Sep 2011
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. …
The Register breaking news

Gov piles pressure on News Corp in BSkyB bid

An independent director will have to sit in on Sky News board meetings when editorial decisions are being made if News Corporation's bid to takeover BSkyB is successful and the news provider is spun off into a separate company, the Government said today. The independent director has to have senior editorial or journalistic …
OUT-LAW.COM, 30 Jun 2011
The Register breaking news

ASA upholds a brace of ads gripes against Groupon

The Advertising Standards Agency (ASA) has admonished Groupon for misleading web surfers about online sales promotions. In two separate rulings, the ASA upheld complaints brought against the privately-held e-commerce coupons website about various banner and Google-sponsored search ads. The promotions included promises of …
Kelly Fiveash, 11 May 2011
The Register breaking news

Groupon buys big after $1bn funding round

Coupon website Groupon has scooped up three companies offering similar services in Israel, India and South Africa, after it completed a $950m round of funding from investors yesterday. The 3,000-strong outfit, which recently walked away from a multi-billion dollar takeover bid by Google, said it had bought coupon deal sites …
Kelly Fiveash, 11 Jan 2011
The Register breaking news

Burmese junta strongman considered buying Manchester United

The leader of the Burmese military junta seriously considered a $1bn bid for Manchester United in January 2009. The Asian republic was coping with the aftermath of cyclone Nargis (which killed around 140,000) at the time, but Than Shwe, commander of the armed forces in the south-east Asian state, was urged by his grandson to …
John Leyden, 06 Dec 2010
The Register breaking news

Attachmate gobbles up Novell for $2.2bn

Novell has accepted a takeover bid by legacy connectivity and security software provider Attachmate for $2.2bn. "After a thorough review of a broad range of alternatives to enhance stockholder value, our board of directors concluded that the best available alternative was the combination of a merger with Attachmate Corporation …
The Register breaking news

Novell breakup and sale imminent, says report

Commercial operating system maker Novell is close to selling itself off after breaking it into two bits, according to the is New York Post. Citing unnamed sources, the Post says a "strategic buyer" will shell out cash to acquire the SUSE Linux business that Novell paid $210m for in November 2003. That Linux business has just …
The Register breaking news

Novell misses Q3 revenue and profit targets

The uncertainty over the future of Novell continued to weigh on the company as it reported disappointing financial results for the third quarter of fiscal 2010 ended July 31. Novell, the maker of the venerable NetWare operating system and GroupWise collaboration software, has bought its way into many adjacent markets, …
The Register breaking news

Uncertain future hits Novell's Q3

What a surprise. A company rejects an unsolicited takeover bid and its board of directors announces that the struggling company is looking at all alternatives, including selling itself or breaking itself up. And then sales unexpectedly go south. It should have been no surprise to commercial operating system supplier Novell …
The Register breaking news

Sage walks away from TeamSystem bid

Sage is reportedly not bidding for Italian business management firm TeamSystem, after it mulled putting in a £542m (€650m) offer for the company last week. Sources told the Financial Times late on Friday that no bid was put forward for TeamSystem, which is being sold by private equity outfit Bain Capital, following due …
Kelly Fiveash, 02 Aug 2010
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SanDisk CEO to ride off into the sunset

SanDisk founder, CEO and chairman Eli Harari is to retire at the end of 2010, after 22 years with the firm. It's a planned event with the replacement CEO being Harari's co-founder, Sanjay Mehrotra, who is currently SanDisk's president and chief operating officer. He gets the CEO's office on January 1, 2011 and was promoted to …
Chris Mellor, 26 Jul 2010
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- …
Kelly Fiveash, 22 Mar 2010
The Register breaking news

French poised to seize Port of Dover

A plan to privatise the government-owned Port of Dover has provoked "outrage", not least because the French are front-runners to take control of the facility. According to the Daily Mail, the port needs money to fund an expansion plan, and selling it off could net £350m for our cash-strapped government. The harbour board …
Lester Haines, 08 Feb 2010
The Register breaking news

Cadbury flakes in face of Kraft bid - cuts expected

Cadbury, the 186-year old chocolate maker, has given up the fight and accepted a hostile takeover bid from Kraft. The two firms are still locked in final negotiations - an update given to the London Stock Exchange said they were finalising terms and that a further announcement will be issued shortly. The offer is for 840p per …
John Oates, 19 Jan 2010
The Register breaking news

Oracle will cut half of Sun workers, analyst predicts

An analyst has predicted that half of Sun's 27,000 staff will be for the chop when Oracle finally gets its hands on the faltering Sparc vendor. The depressing prediction was made by Brent Thill, an analyst with UBS, in a report yesterday, according to Bloomberg news. He said Oracle was likely to make the drastic workforce cuts …
Joe Fay, 14 Jan 2010
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3PAR bounces on takeover chatter

The cost of acquiring exotic disk-array maker 3PAR Data went up by nearly 12 per cent today on a slow holiday news day when a report in Barron's, the weekend stock-rag companion to the Wall Street Journal, suggested that 3PAR was ripe for the picking. 3PAR, which was founded by two server engineers from Sun Microsystems back …
The Register breaking news

Oracle expects EC to approve Sun takeover bid

Database giant Oracle expects European Commission antitrust watchdogs to give the thumbs up to the company's multi-billion takeover bid for Sun Microsystems after Christmas. "We expect the European Commission to unconditionally clear the acquisition of Sun in January," said Oracle president Safra Catz yesterday, as the firm …
Kelly Fiveash, 18 Dec 2009