Articles about Takeover

cloud

Sun begs IBM to come back and talk

Updated If IBM would only commit a little more to the deal, Sun is keen to resume takeover talks again, according to Bloomberg. It is citing two people close to the talks, which ended on April 5th. At that point IBM withdrew an offer for Sun valued at around $6.85bn or aproximately $9.40 per Sun share, after Sun terminated exclusive …
Chris Mellor, 16 Apr 2009
fingers pointing at man

Satyam shortlist gets even shorter as iGate bails

The shortlist of possible bidders for Satyam is likely to be finalised this week, after the companies made their final "expressions of interest". There is no official statement from the company, but the board is believed to have met over the weekend for final discussions. Successfully shortlisted firms will then get full …
John Oates, 23 Mar 2009
The Register breaking news

Merrill Lynch confirms IT job cuts

Merrill Lynch CEO John Thain has confirmed that the search for $7bn in cost cutting was likely to mean thousands of job cuts at the firm following its takeover by Bank of America. Thain said the integration process had already begun after the $50bn bail-out. "Most jobs will go on the infrastructure side - IT, finance and …
John Oates, 21 Oct 2008
vulture tv reporter

Capita coughs up £13.6m for ABS Networks

Capita is beefing up its networking expertise by buying Crawley-based ABS Network Solutions Limited for £13.6m. ABSNet is a specialist in IP-based networking, service management and storage with strong Cisco links. The company turned over £17.1m in the year ended 31 December 2007 and made a profit, excluding "owner's …
John Oates, 15 Oct 2008
The Register breaking news

HBOS could shift 2,000 IT jobs to India

Halifax Bank of Scotland is considering moving as many as 2,000 backoffice and IT jobs to India. Executives flew out to Bangalore this week to meet possible offshoring partners. According to papers seen by the Mirror, offshore delivery of IT functions is a central part of its cost-cutting plans. The trip by 11 execs cost £45, …
John Oates, 2 Oct 2008
The Register breaking news

HP waves goodbye to 9,300 EMEA employees

Hewlett-Packard will cut 9,300 jobs in Europe, the Middle East and Africa, following its $13.9bn takeover of EDS in August. The firm confirmed last week that 24,600 jobs, or 7.5 per cent of its workforce, would be axed worldwide. European trade union groups today lambasted the company’s decision to slash so many jobs in the …
Kelly Fiveash, 26 Sep 2008
fingers pointing at man

Dell falls hard on 'soft' sales

Dell shares fell 8.3 per cent in early Wall Street trading today after the firm warned investors that it would see a “further softening” in computer sales this quarter. The vendor said in a short – though not sweet – statement that following on from its sobering Q2 fiscal results last month that Dell “is seeing further …
Kelly Fiveash, 16 Sep 2008
channel

HP measuring up necks of global EDS staff?

Hewlett-Packard is readying the axe to make job cuts in the UK and worldwide following the tech giant’s takeover of services firm EDS last month, according to the UK’s largest union. The company is set to make announcements later today about its restructuring plans for EDS staff. A “substantial” job cull in Blighty and across …
Kelly Fiveash, 15 Sep 2008
The Register breaking news

Amazon goes on Shelfari

Amazon.com is buying Shelfari – that is, according to the Seattle social networking start-up, but for now the online retail giant is keeping mum about the deal. Shelfari is a community and review site for books, or rather book readers. Co-founder and CEO Josh Hug cheerily announced the agreement in a blog post yesterday in …
Kelly Fiveash, 26 Aug 2008
HP

Deutsche Post axes massive HP services deal

Deutsche Post has jilted Hewlett Packard at the altar barely six months after the pair announced a seven-year outsourcing deal. At the time it was announced, the organisations said the tie-up would save Deutsche Post €1bn over the course of the deal. Around 2,500 workers were due to transfer to HP as part of the contract. HP …
Joe Fay, 5 Aug 2008
The Register breaking news

Yahoo! rejects! Microsoft! again!

Yahoo! rejected another takeover offer from Microsoft and Carl Icahn on Saturday after it was given less than 24 hours to respond to the joint offer. Late on Friday Microsoft and Icahn issued a combined offer - Microsoft would take Yahoo!'s search business leaving Icahn to run the rest of the business. Roy Bostock, Yahoo! …
John Oates, 14 Jul 2008
Yahoo

Yahoo! bitchslapped Ballmer's $40 a share offer

Yahoo! did its best to stymie a takeover by Microsoft, even when it offered $40 a share, because chief executive Jerry Yang let his heart rule his head. According to documents released by Delaware's Chancery court this took two forms - adding poison pill clauses to contracts which would reward staff for leaving the company in …
John Oates, 3 Jun 2008
The Register breaking news

Yahoo! vs Icahn, Yahoo! blinks first

Yahoo! has delayed its general meeting scheduled for 3 July and is facing another attack on its board. No new date has been set, but the meeting is expected to be held towards the end of July. Carl Icahn has already proposed ten directors to replace the current board. Now another rebel is proposing a slate of nine directors to …
John Oates, 23 May 2008
Motorola

Motorola strategy chief is latest exec to go

Troubled mobile maker Motorola has said goodbye to Richard Nottenburg, its chief strategy and technology officer. Nottenburg had been with Motorola since 2004, first as an advisor then as chief strategy officer. The company has lost a string of senior figures of late. Motorola lost its mobile head Stu Read and its marketing …
John Oates, 19 May 2008
The Register breaking news

Microsoft! offers! Yahoo! less!

Microsoft said yesterday that a deal with Yahoo!, but not a full-blown acquisition, is still very much on the table. Although it refused to rule out a possible buyout, Microsoft issued a statement saying it was discussing alternative deals with Yahoo!. Microsoft is considering and has raised with Yahoo! an alternative that …
John Oates, 19 May 2008
The Register breaking news

Yahoo! strikes back at Icahn

Roy Bostock, chairman of Yahoo!, has wasted no time in responding to Carl Icahn's attempt to seize control of the company's board. In an open letter Bostock disputes Icahn's claim that Yahoo!'s board has ignored its duties to maximise shareholder value. He also reminds Icahn that Microsoft has publicly said it has "moved on …
John Oates, 16 May 2008
The Register breaking news

Yahoo! faces battle for the board

Yahoo! might not have escaped the clutches of Microsoft after all. Activist investor Carl Icahn has confirmed he will fight to take over Yahoo!'s board of directors in order to force through a takeover by Microsoft. Icahn, who succeeded in getting board seats at Motorola, today named the ten people he would like to see …
John Oates, 15 May 2008
The Register breaking news

Icahn builds Yahoo! stake

Carl Icahn has quietly built up a four per cent stake in Yahoo! since Microsoft withdrew its offer for the company. Icahn has a history of launching proxy bids for companies he considers have lost their way. In April he won two seats on Motorola's board. His main demand, that Motorola sell off its handset business, was …
John Oates, 14 May 2008

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