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Articles about Takeover Bid

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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 …
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

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

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 as …
Faultline, 03 Nov 2012
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

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
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

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 diligence …
Kelly Fiveash, 02 Aug 2010
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
thumbs down teaser 75

Sourcefire snorts at unsolicited takeover bid

Sourcefire has rejected an unsolicited takeover bid from Barracuda Networks. The firm, which develops a commercial version of Snort, the popular open source intrusion detection tool, said Barracuda's $187m bid "substantially undervalues" Sourcefire. In a terse statement on Friday, Sourcefire's board said it was better off as a …
John Leyden, 30 May 2008
fingers pointing at man

Satyam investors blow roof off building firm takeover bid

IT services giant Satyam has abandoned the takeover of two Indian building groups after investors reacted with horror to the proposal. Satyam shares fell over 30 per cent on the Indian stock exchange and more than 50 per cent in New York after it said it would pay $1.6bn for 100 per cent of Maytas Properties, which develops new …
John Oates, 18 Dec 2008

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 the …
homeless man with sign

Data Domain sued over NetApp takeover

Data Domain chose NetApp's takeover bid over EMC, and now dissident shareholders are crying dirty dealing. Two law firms have launched separate class-action lawsuits against Data Domain's board of directors, saying the bidding process wasn't fair and open. On Monday, Data Domain rejected a hostile takeover offer from storage …
Austin Modine, 17 Jun 2009
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
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 …
The Register breaking news

Monstermob confirms takeover bid

Monstermob Group's shares have been boosted by confirmation it has received a takeover approach. The UK mobile content provider has issued three profits warnings this year, and has seen its stock tumble from 446.5 pence in January to just 41.5 pence on Friday. At time of writing, shares were changing hands for just over 67 …
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 …
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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 in …
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 than …
Neil McAllister, 09 Nov 2013
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

Microsoft takeover bid goes to court

The former marketing boss of Groove Networks is taking the company to court to try and stop it being taken over by Microsoft. Michael Matthews, an ex-sales and marketing vice president at Groove, failed in his first attempt to stop the deal. His request for an injuction to temporarily block the takeover was rejected by a …
John Oates, 04 Apr 2005

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
Pacman

Gateway up on Acer bid talk

Gateway's shares have lifted eight per cent over the past few days as word spreads of a possible takeover bid from Taiwan's Acer. ThinkEquity analysts spoke of strong indications Gateway is to be targeted after JT Wang, chairman and chief executive of Acer, said last week the company was "hoping to make an acquisition this year …
Kelly Fiveash, 20 Mar 2007
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 …
Pound Sterling

Coda green lights Agresso bid

Coda has recommended Unit 4 Agresso's 205 pence per share cash offer to shareholders after no other suitors stepped forward with a bid for the financial management software firm. Netherlands-based Unit 4 Agresso approached Coda in December last year, although the two firms didn't reveal a takeover bid could be in the pipeline …
Kelly Fiveash, 01 Feb 2008
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

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 give …
Kelly Fiveash, 08 Jun 2012
For Sale sign detail

VMware makes world takeover bid

VMware is introducing a new vSphere architecture and management product to manage a data centre as an internal or external cloud of services. The idea, introduced by VMware CEO Paul Maritz at VMworld in Cannes, is to have a set of interfaces looking downwards at the IT plumbing and another set looking at the applications.There …
Chris Mellor, 24 Feb 2009
channel

Coda in takeover talks with Agresso

Financial software supplier Coda PLC has confirmed it received an "indicative" cash offer from Dutch rival Unit 4 Agresso NV. Talk of the possible takeover bid saw shares rocket by 17 per cent this morning to 200.5 pence per share. A trading statement, issued today, said the Aim-listed firm expects pre-tax earnings and sales to …
Kelly Fiveash, 14 Jan 2008
michael_dell

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

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, …
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
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CSC prepares for takeover bids

The board of CSC are mulling approaches for a sell off. A restructuring plan was also announced, with 5,000 jobs set to be shed, mostly in Europe. Shares in the IT services company rose more than four and a half per cent on the news. CEO Van B Honeycutt said: "For some time it has been apparent to us, and to other companies in …
The Register breaking news

NAI revisits McAfee.com takeover bid

ComputerWire: IT Industry Intelligence Network Associates Inc has relaunched its bid to acquire the publicly held shares of subsidiary McAfee.com Corp it does not already own, having filed its restated financial results for 1998, 1999 and 2000 with the Securities and Exchange Commission (SEC) on Friday. Santa Clara, …
ComputerWire, 02 Jul 2002
The Register breaking news

Eircom confirms takeover talks - again

Eircom is once again at the centre of a takeover bid after confirming it has received a preliminary approach from Australian investors Babcock & Brown. In a statement issued this afternoon, the Irish telco said: "The board of Eircom confirms that the company has received a preliminary approach from Babcock & Brown Capital, …
Tim Richardson, 21 Feb 2006
The Register breaking news

Bid for O2 dead, or just sleeping?

Mobile operator O2 has denied any knowledge of a reported €20bn takeover bid for the company, concocted by Deutsche Telekom and Dutch operator, KPN. An O2 spokesman told us: "We are not in talks, and we haven't been approached." However the Financial Mail says unnamed senior executives at the company were aware of the …
Lucy Sherriff, 15 Aug 2005
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

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
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Feds nix Check Point's Sourcefire bid

A takeover bid by an Israeli firewall firm has become the latest victim of US security protectionism. Check Point Software has dropped its bid for US rival Sourcefire after objections from the FBI and Pentagon were heard by the Treasury's Committee on Foreign Investments. The Committee has also overseen the recent rumpus …
The Register breaking news

Ofcom: The Office of Screwing Over Murdoch?

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

Corel chief denies Red Hat takeover bid

Corel chairman Mike Cowpland has poured cold water on the rumour that his company was being stalked by Red Hat, adding somewhat improbably that it was Corel's new product announcements that sent its stock soaring, rather than Red Hat's alleged interest. Instead, Cowpland expects increased revenue to be feeding through soon, and …
John Lettice, 01 Dec 1999
vintCerf

Vint Cerf: 'COMMUNISTS want to seize the INTERNET'

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 Google …
Bill Ray, 07 Jun 2012
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
channel

Microsoft's bid for Yahoo! - the story so far

The Microsoft-Yahoo story has been long and involved - so long in fact that for your edification we've organised it all in one place. From the initial offering all the way to the very latest, we have month-by-month coverage right here, starting with the freshest: August Yahoo! shareholders! back! Jerry! Yang! 01/08/08 Despite …
Team Register, 08 Feb 2008
The Register breaking news

Schroeder and Blair tussle over Vodafone bid

Tony Blair has rebuked German chancellor Gerhard Schroeder for threatening to block Vodafone's bid for Mannesmann. Schroeder appeared to have forgotten the basic premise of European unity - non-regulation - by criticising Vodafone's £79 billion hostile bid for Mannesmann, saying it would destroy the "culture" of the German firm …
Kieren McCarthy, 22 Nov 1999
hands waving dollar bills in the air

EMC could dig deeper for Data Domain

EMC intends to raise its Data Domain bid as the storage giant's poker game with NetApp drags on. It has made an unwanted $30/share all cash takeover bid valued at $1.8bn for deduplication market leader Data Domain. That company's management, led by Frank Slootman, prefers a takeover by NetApp, which has offered a part-stock, …
Chris Mellor, 15 Jun 2009
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

Mannesmann rejects Vodafone's £64bn bid

Mannesmann has strongly rejected a £64 billion takeover bid from Vodafone, delivered in person by the company's chief executive. The German giant described the bid as "wholly inadequate" and "extremely unattractive", paving the way for a hostile bid, expected shortly. Vodafone is keen to get its hands on Mannesmann, which is in …
Kieren McCarthy, 15 Nov 1999
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
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 yet …

US DoJ sues to block Oracle's $9.4bn PeopleSoft bid

The US Department of Justice may have put end to Oracle's takeover bid for PeopleSoft, filing suit today to block the deal. The DoJ did not mince words when describing why the deal should not go through, saying a PeopleSoft acquisition would result in higher prices, less innovation and fewer choices for customers. The …
Ashlee Vance, 26 Feb 2004