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Posts Tagged ‘acquisition’

IBM, SPSS Clear Antitrust Hurdle in $1.2B Acquisition

September 10th, 2009 | No Comments

The federal waiting period to raise antitrust concerns around IBMs proposed $1.2 billion acquisition of predictive analytic software maker SPSS passed Sept. 9, removing a significant roadblock to the deal. The next phase will come Oct. 2, when SPSS shareholders are scheduled to vote on the deal.
– IBMs proposed $1.2 billion acquisition
of predictive analytic software maker SPSS
cleared a significant hurdle Sept. 9, when the waiting period for an antitrust
review of the deal expired.
The next step is for SPSS investors to
vote on the deal. The shareholders meeting is set for Oct. 2 in Chi…

Thai Village aborts acquisition of China Stationery units

September 2nd, 2009 | No Comments

Thai Village Holdings says it will not go ahead with the proposed acquisition of the entire issued and paid-up capital of Sunwealth Group and Campus Developments from China Stationery for $296 million which was announced on July 23.

“The conditions precedent under the Sale and Purchase Agreement remain unfulfilled by the Longstop Date (31 August 2009). Pursuant to the terms of the Sale and Purchase Agreement, the parties have mutually agreed not to proceed with the Proposed Acquisition,” says Thai Village in an SGX statement.

Had the sale gone through, Thai Village plans to pay for the acquisition by issuing 1.48 billion new shares at an issue price of 20 cents apiece.

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Does Google Want On2 for a Gaming Console?

August 6th, 2009 | No Comments

Google’s acquisition of On2 Technologies prompts punditry and blog posts from all over the Web. Some say buying the video compression specialist was a YouTube play. Others believe Google will leverage the On2 codecs to fortify its position in our digital living rooms. One man believes On2 will be part of a gaming console Google is developing. What do you think Google will do with On2?
– The blogosphere
abounds with questions about Google’s Aug. 5 purchase, a $106.5 million stock bid for video compression software maker On2 Technologies.
The leading question seems to be: Wherefore On2?
Google owns YouTube, the world’s leading video-sharing Website, which
streams 1.5 billion vide…

EC Now Will Take a Legal Look at Oracle’s Acquisition of Sun

August 3rd, 2009 | No Comments

The Brussels-based EC said Aug.3 that it has scheduled an antitrust review date of Sep. 3 to discuss the multinational companies’ proposed deal. It will look closely at two main areas of concern: Sun’s Java networking software franchise and the enterprise parallel database market.
– The proposed $7.4 billion Oracle acquisition of Sun Microsystems, which was approved by about two-thirds of Sun’s stockholders July 16 and its full board of directors a few weeks before that, is facing a new legal hurdle as of Aug. 3: a possible antitrust investigation by the European Commission.

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Aztech Group says abandoning acquisition of Pandan Road property

July 31st, 2009 | No Comments

Aztech Group says it will not be proceeding with the proposed acquisition of the property located at 9 Pandan Road.

Aztech had earlier signed an agreement with Swissco Structural Mechanical to acquire the property for $10.5 million and made a downpayment of $105,000.

Under the agreement, the proposed acquisition was conditional on Aztech completing its due diligence to its satisfaction and on the parties executing a sale and purchase agreement.

As both the conditions were not met, Aztech says it will not go ahead with the acquisition and will ask for a refund of the downpayment instead.

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IBM’s Proposed Acquisition of SPSS Puts Oracle, SAP, SAS on Notice

July 28th, 2009 | No Comments

IBM, which already had partnered with SPSS, is taking a significant step into the burgeoning predictive analytics space with the proposed purchase of the company. There has been a race on by the likes of IBM, Oracle, SAP and SAS to build up their data analytics capabilities both through acquisitions and in-house development and IBM buying SPSS would put it in the forefront of the increasingly competitive space, according to analysts.
– IBMs proposed $1.2 billion acquisition
of SPSS is the most significant piece in the puzzle at least since the
Cognos purchase in 2007 in the vendors push to give customers the tools they
need to not only collect data but also to use it to their business advantage.
It also puts software rivals su…

Mamata, Union Cabinet at loggerheads over land acquisition bill

July 24th, 2009 | No Comments

Railway Minister Mamata Banerjee is understood to have raised serious objections to a bill relating to land acquisition for industrialisation and rehabilitation of the land losers in a Cabinet meeting held on Thursday evening.
The Union Cabinet reportedly discussed the amendments to the Land Acquisition (Amendment) Bill 2007 and the Rehabilitation and Resettlement Bill for [...]

HP Scales Storage Offerings with Ibrix Acquisition

July 17th, 2009 | No Comments

HP is bolstering its StorageWorks offerings through the purchase of storage software maker Ibrix. Ibrixs Fusion software is aimed at computing environments with massive storage demands, including high-performance computing and cloud computing. HP already uses Ibrix in its StorageWorks SANs and ProLiant servers, as well as its BladeSystems and ProCurve networking switches.
– Hewlett-Packard is growing its scalable storage capabilities through the acquisition of storage software maker Ibrix.
The deal was announced July 17. Financial terms were not disclosed.
HP officials said the acquisition will bolster the companys ability
to offer scalable storage solutions to ente…

Intel Successfully Completes Wind River Acquisition

July 17th, 2009 | No Comments

SANTA CLARA, Calif., July 17, 2009 – Intel Corporation today announced the successful completion of its acquisition of Wind River Systems Inc.

Sun Shareholders Vote to Accept Oracle Acquisition

July 16th, 2009 | No Comments

No Sun C-level executives were in the room when the vote was taken. Sixty-two percent of the outstanding shares were voted in favor of the deal, Sun said. Due diligence continues at the federal level for the proposed $7.4 billion transaction.
– SANTA CLARA, Calif. It took Sun Microsystems 27 years
to get it to where it is today as one of the world’s most innovative IT
companies. It took exactly three minutes on July 16 to obtain approval
from stockholders for the company to lose its independent status and
become property of longtime bu…

HP Makes Pitch to Sun Customers Prior to Oracle Vote

July 16th, 2009 | No Comments

HP is rolling out its new Complete Sun Care program in hopes of luring away Sun customers ahead of the acquisition of Sun by Oracle. The HP program includes a variety of services, support programs and financial incentives designed to convince customers to migrate to HP technology. HPs announcement comes the same day that Sun shareholders are gathering to vote on whether to accept Oracles $7.4 billion offer for Sun.
– On the day that Sun Microsystems shareholders are voting on Oracles
proposed $7.4 billion acquisition, rival Hewlett-Packard is making a
pitch to Sun customers.
HP on July 16 announced a new program of services, support plans and
financial incentives designed to entice Sun customers to migrate t…