Topic / Buy-Outs

VMware buys Zimbra from Yahoo

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VMware will buy Zimbra from Yahoo for an undisclosed sum of cash. The open-source email suite provides email, contacts, calendar, search, document collaboration and authoring and VoIP tools for corporations and businesses, including Digg, H&R Block and Comcast. Under the terms of the agreement, it will also acquire all Zimbra intellectual property and technology, and will grant Yahoo a license to continue using the technology on its Yahoo Mail and […]

Seesmic acquires Ping.fm – moves beyond the Twitter client

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The Twitter and Facebook client Seesmic will be adding over 50 social networks – including Ning, Yammer, LinkedIn and Status.net – to its list where it can update your status via its mobile, web and desktop applications after acquiring Ping.fm for an undisclosed sum. This deal also allows Seesmic to take advantage of Ping.fm’s updating methods via IM chat, SMS and email – allowing more ways to update your status […]

Rotten Tomatoes sold to Flixster

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It’s official. Rotten Tomatoes, the popular movie reviews aggregator, has a brand new owner – Flixster, another movie social network. The company acquired the site from IGN, which is owned by News Corporation, in exchange for a minority stake in the company. "It’s a huge step forward in our goal of connecting users to their own personalized world of movies on any platform they choose. We can’t think of a […]

Malaysian payment system developer buys Friendster

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Remember Friendster? Maybe because they’re the ones that keep spamming you; but today, news broke that Malaysian online payment solutions provider MOL has bought Friendster for an undisclosed amount, but it is rumoured to be around the $100 million mark. Both companies had announced a partnership in October of this year to power a feature called the “Friendster Wallet”, allowing businesses to accept micropayments with a Friendster login. For the […]

Xerox to buy Affiliated Computer Services for US$6.4 billion

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Xerox has announced today it will buy Affiliated Computer Services (ACS) in cash and stock in a deal that is worth US$6.4 billion, allowing the copier giant to expand into the outsourcing and IT services market as its corporate customers spend less. Xerox’s CEO Ursula M. Burns, who became the chief executive of the company on July 1, said the deal was a “game-changer” for Xerox. “By combining Xerox’s strengths […]

Dell buys Perot Systems in $3.9 billion deal

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Dell has announced that it will buy Perot Systems, an IT services provider, in a deal worth US$3.9 billion as the company is looking to diversify away from its consumer PC business core and to better position itself from rivals like HP. Under the deal, Dell would acquire all outstanding common stock of Perot Systems for $30 per share, a 68 percent premium to its closing price on Friday of […]

UK: ITV sells Friends Reunited for £25 million

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Television broadcaster ITV plc has sold its social networking website Friends Reunited to Brightsold, a subsidiary of publisher DC Thomson, for £25 million (AU$50.35 million) – a £10 million increase from the £15 million prediction, according to The Guardian. The new owners has bought all of the assets of the site, including its dating operation, genealogy assets and the social networking components to the brand. It also acquires the white-label […]

AT&T to buy Centennial for $944 Million

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AT&T has announced that it would buy Centennial Communications for $944 million on Friday (US Eastern Time), giving the company an additional 1.1 million customers to its 74.9 million customers, and will improve the coverage of AT&T in the Midwest, Southeast, Puerto Rico and the Virgin Islands. The deal, announced after the markets were closed, would see Centennial stockholders getting $8.50 a share, a premium of 121 percent over the […]

Best Buy buys Napster for $121m

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US Electronics retailer Best Buy has said that it will be acquiring Napster, making it Best Buy’s first entree into the online-music sector. The deal will see Best Buy buying Napster shares at $2.65 apiece, with the acquisition being valued at $121 million. Napster previously was a service that is synonymous with the industry, after being hated by almost everyone in the music industry – leading to its demise, but […]

Giga Omni Media buys TheAppleBlog

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GigaOm and TheAppleBlog have announced that GigaOm’s parent company Giga Omni Media has purchased the blog. No word on how much did they bought the blog for, but it expected that he Om Malik didn’t pay that much for it. In GigaOm’s posting, Malik said that he always wanted to start an Apple-related blog, but didn’t want to compete with an already expanding list of blogs devoted to Apple that […]

Report: Google to buy Digg?

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TechCrunch is reporting that search giant Google is close to acquiring social news aggregator Digg for around $200 million, with the companies are in "final negotiations" according to their sources. It would most likely to be under its Google News property, but it could still fall through or another party would step in, like Microsoft – whom they have an advertising deal with and will be terminated if a sale […]

News in Brief: Twitter buys tweet search engine

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Twitter has made its first acquisition, buying the search engine Summize. Summize would also see five out of six employees being Twitter employees, the one who is not is its founder Jay Verdy, who has departed the company to work on a "new project". Silicon Alley Insider has put the value of the deal at around $15 million, with the transaction being mostly in stock. The search engine is used […]

Guardian Media Group buys paidContent parent company for $30 million

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paidContent, a blog about "the economics of content", has said that it will be acquired by UK media company Guardian Media Group, owners of The Guardian and Guardian.co.uk. The Guardian Media Group itself is owned by the Scott Trust. Its parent company, ContentNext Media, has said that it will remain as a independent business and also says that it is a major expansion for the Guardian Media Group’s US presence. […]

Nokia buys Symbian

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Nokia has announced that it will aquire the remaining 52% of Symbian, the developers of the Series 60 operating system on many of Nokia’s phones. As well, it will also release the entire source code as Open Source, licensing it under the Eclipse Open Source License. Also, it will create a “Symbian Foundation”, which will allow mobile vendors and manufacturers to join and will oversee the company’s plan for an […]

EA extends Take-Two offer deadline

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Electronic Arts has said that it would extend their hostile takeover of rival Take-Two by one month. The $2 billion offer expired on May 16 before the deadline. EA launched an unsolicited bid for the "Grand Theft Auto IV" publisher on 25 February for a $26-per-share, which represents a 50% premium on it’s closing price on 22 February. The extended deadline will see EA’s offer expire on June 16. Take-Two […]