Articles about mergers

HPE crams unloved software down Brits' throats – then charges them $9bn to swallow it

Hewlett Packard Enterprise will eject its non-core software business in what it calls an $8.8bn "spin merge" deal with UK-based Micro Focus. HPE's big data, security, and IT management products – including some of its ex-Autonomy assets – will be spun out into a new company that will merge with Micro Focus. That's a software …
Shaun Nichols, 8 Sep 2016

Dude, you got a Dell lawyer: HPE sues high-flying ex-exec after defection to EMC

HPE is suing a former senior executive who absconded to Dell with a head allegedly full of trade secrets. In a complaint [PDF] filed to the Delaware State Chancery Court, HPE alleges that KC Choi, the departed Vice President of Global Solutions Architecture, violated a 12-month non-compete agreement when he fled to EMC just …
Shaun Nichols, 6 Sep 2016
A man handing out cash

Rackspace finds its $4.3bn sugar daddy

Cloud management provider Rackspace says that it will be going private in a deal that will pay shareholders $4.3bn. Investment house Apollo Global Management says it will be paying $32 per share to buy out stakeholders and run Rackspace as a private company. Rackspace stock closed yesterday (prior to the announcement) at $30. …
Shaun Nichols, 26 Aug 2016
A man buried in paperwork

This MySpace investor keeps spamming Google with lawsuits – and the ad giant just wants him to stop

Google has asked a US court to stop a former MySpace investor from repeatedly filing suit against it. The web advertising giant this week told (PDF) the US District Court for Northern California that Brad Greenspan has been burdening its lawyers and racking up its legal bills by constantly filing motions in a lawsuit that was …
Shaun Nichols, 19 Aug 2016
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
Raised hands vote

Eat me, Michael: 98% of EMC shareholders back Dell mega-gobble

EMC shareholders have voted overwhelmingly to accept Dell's $60bn plus offer to merge the two companies into a new entity called Dell Technologies. At a special shareholder meeting at EMC's Hopkinton, Massachusetts, headquarters, 98 per cent of those present, representing 78 per cent of the shareholders, voted to approve the …
Iain Thomson, 19 Jul 2016
Opera singers

Opera sells open-source Chromium browser for $600m to Chinese bods

Opera will sell its web browser technology to Chinese investors for $600m after a larger sale worth $1.2bn fell apart. The Norwegian company said in a filing to the Oslo Børs stock exchange that it had agreed to an arrangement that will see the Chinese-backed Golden Brick Capital Management private equity fund take control of …
Shaun Nichols, 18 Jul 2016
Aligator eating a crab

Google beefs up Fiber with Webpass gobble

Google has acquired fellow ISP Webpass in a move designed to expand the reach of its high-speed Fiber service. The deal will give Google yet another way to deliver its internet service to additional markets in the US, specifically those in apartment buildings in markets where Google does not already have cable laid. Webpass …
Shaun Nichols, 23 Jun 2016
NYC

TWC celebrates $79bn Charter merger by blacking out in New York

Time Warner Cable (TWC) was hit with an outage Monday throughout New York City. The cable giant acknowledged the issue on its Twitter feed, although the cause of the outage was not explained. NYC customers, we are aware of issues concerning all services. Techs are investigating. Services will be restored as soon as possible …
Shaun Nichols, 10 May 2016
Still from Stand By Me movie. Pie eating contest

Gobble away! Charter-Time Warner Cable merger OK'd by FCC

The US Federal Communications Commission (FCC) has given its blessing to Charter's $78.7bn acquisition of Time Warner Cable (TWC) and Bright House Networks. The watchdog said on Friday in a brief statement that it had approved the massive biz gobble with conditions floated earlier by FCC chairman Tom Wheeler. Those conditions …
Shaun Nichols, 6 May 2016
Aligator eating a crab

FCC gives the nod to $17.7bn US cable mega-merger (no, not that one)

America's internet mall cop the FCC has approved the proposed $17.7bn merger between Altice and US cable provider Cablevision. The deal, which is now only awaiting approval by state regulators, will give the Dutch-based telecoms biz Altice the fourth largest cable network in the US. If the gobble is successful, Cablevision …
Shaun Nichols, 4 May 2016
DirecTV

AT&T credits DirecTV gobble for $41bn quarter

AT&T says its recent purchase of satellite provider DirecTV helped drive a 24 per cent jump in revenues. The US telco giant said that the $49bn merger was already beginning to pay dividends with its 2016 Q1 [PDF] period. "We're seeing good momentum with our initial integrated wireless, video and broadband offers," said AT&T …
Shaun Nichols, 27 Apr 2016

Charter can gobble TWC for $78.7bn ... if it bins monthly download caps

FCC boss Tom Wheeler has put out the terms for his watchdog's approval of Charter Communications' $78bn acquisition of Time Warner Cable. Wheeler said Monday that he has passed along a proposed approval order and conditions for the other four FCC commissioners to vote on. "As proposed, the order outlines a number of …
Shaun Nichols, 25 Apr 2016
Faceplant

Yahoo! shows! off! for! suitors! by! diving! into! red! ink!

Yahoo! seems resigned to its fate, and says it is "pleased" with taking a $98m loss on the quarter. The Purple Palace on Tuesday recorded yet another drop in revenues and acknowledged it was making "significant progress" towards the sale of its core business. For the Q1 2016 period, ended March 31: Revenue was $1.09bn, down …
Shaun Nichols, 19 Apr 2016
Michael Dell, photo: Dell

$3bn for an IT services outfit? Bloody Dell!

NTT Data says it will be acquiring the IT services branch of Dell in a reported $3bn deal. The Japanese IT services giant said it would be taking on Dell Services as part of a push to expand its reach globally as a provider. In particular, NTT Data says that the deal will boost its presence in North America and extend its …
Shaun Nichols, 28 Mar 2016
Abandoned building

Time acquires Myspace, creates 2004's most fearsome media giant

Time Inc. said it has acquired what's left of social networking ghost town Myspace. The media giant will take on ownership of Myspace as part of a larger acquisition of parent company Viant, an advertising and data analytic firm. Viant acquired Myspace from News Corp in 2011. Time said that it plans to integrate Viant into …
Shaun Nichols, 11 Feb 2016
IBM Headquarters, Armonk, NY

IBM, Ustream-BM, we can't believe Ustream is now owned by IBM

IBM has acquired internet telly station Ustream in hopes of boosting its cloud lineup. Big Blue said that the video-streaming service would be added to its cloud lineup and, when combined with its other analytics and developer tools, it will give IBM customers a way to develop and use streaming video in their own applications …
Shaun Nichols, 21 Jan 2016

NY to Charter: Sure, we'll approve that TWC merger, if you boost our broadband speeds

The state of New York has given its blessing to the proposed merger of Time Warner Cable and Charter Communications, winning itself a nice boost in network speeds in the process. The state's Public Service Commission has signed off on the proposed $78.7bn mega-merger with the condition that the TWC-Charter conglomerate …
Shaun Nichols, 11 Jan 2016

Create a news alert about mergers, or find more stories about mergers.

Biting the hand that feeds IT © 1998–2018