Buyout -- Engadget

buyout posts

Google to acquire Gizmo5, swing at Skype with VoIP-enabled Google Voice?

by Nilay Patel posted Nov 9th 2009 at 5:38PM

There's no official word on this yet, but the inimitable Michael Arrington says that Google's up and purchased VoIP company Gizmo5 for "around $30 million in cash." You know, pocket change for the crew in Mountain View. The deal would presumably bring Gizmo's SIP-based VoIP talents to Google Voice, taking it from quirky phone-management service to complete end-to-end calling solution, and instantly catapulting it into direct competition with Skype. Heavy stuff -- we'll see if Google or Gizmo5 confirms Mssr. Arrington's report sometime soon.

[Via BGR]

Comcast looking to buy NBC?

by Nilay Patel posted Oct 5th 2009 at 9:02PM

Not sure how a story like this snuck under the radar on Friday, but the WSJ reports that Comcast and NBC are in the early stages of a buyout offer -- Comcast's plan is to control 51 percent of a new joint venture with current NBC owner GE. Needless to say, that would be a massive content industry shakeup, and it would bring over two dozen networks and stations under Comcast's control, from E! to NBC itself, as well as the Universal movie studio. Sure brings that whole TV Everywhere plan into sharp relief, doesn't it? Talks are said to be far apart and contigent on Comcast maintaining its credit rating by putting as little cash upfront as possible, but big companies like this don't poke around lightly -- we'll see how this one turns out.

Samsung says it's absolutely not pursuing SanDisk any longer, just listening to Blood on the Tracks for no reason

by Nilay Patel posted Sep 5th 2009 at 11:51PM

Not sure why Samsung felt the need to reassure investors and the SEC that it's no longer pursuing SanDisk after its buyout offer was withdrawn back in November, but here we are, reading about it in the Wall Street Journal. Apparently the two companies signed a patent-licensing agreement in May, so we'd imagine that's kept lines of communication open -- but we have to warn you, Sammy: getting off that friends ladder ain't exactly easy. Maybe it's time to move on, you know?

RIM buys Torch Mobile, BlackBerrys might finally get a decent browser

by Nilay Patel posted Aug 24th 2009 at 11:43AM

The default BlackBerry browser has long been laughably sad, but it looks like things are about to get better: RIM's just acquired Torch Mobile, the developers behind the Iris mobile browser. If you'll recall, Iris is a well-received WebKit-based browser for Windows Mobile that offers tabbed browsing, touch, and a skinnable UI -- and we hear it does a pretty good job rendering pages as well. Of course, since it's Windows Mobile-only at the moment it'll be a while before BlackBerry fans actually see any results from this acquisition, but it's nice to see RIM taking some big steps to address what's become a major shortfall with the platform -- and hey, maybe that extra time is what it'll take to add the promised full Flash and Silverlight support to the system. Yep, lots of solid potential here -- now if only RIM would build in proper IMAP support, we'd be all set.

[Via MobileTechWorld, thanks Ike]

Panasonic to officially purchase controlling stake in Sanyo for $6.4B

by Nilay Patel posted Dec 17th 2008 at 11:27PM

It took a little longer than we'd heard due to some last-minute complications, but Panasonic's deal to buy almost all of Sanyo has finally been approved by Sanyo's major shareholders. Under the deal, Panny will buy out some 70 percent of Sanyo for ¥131 ($1.50) a share, making the total deal worth some ¥560B ($6.41B). That'd be lot of scratch even if the economy wasn't in the tank, but Panny thinks it'll be worth it to take over Sanyo's position in the solar and rechargeable battery markets, which it thinks are due to blow up. Er, not blow up like that -- in the fun-filled raining-cash way. You get the idea. Xactis for everyone!

Panasonic and Sanyo change status to "it's complicated"

by Darren Murph posted Nov 1st 2008 at 11:46AM

You know you've heard it from two lovebirds in junior high: "we're not going out, we're just talking." In a completely bizarre way, that's about the best way we can sum up what's apparently going on between Panasonic and Sanyo Electric. According to an unnamed company official "familiar with the negotiations," Panny is already in talks with Goldman Sachs, Daiwa Securities SMBC and Sumitomo Mitsui Banking about snapping up a "controlling stake in its smaller rival." Reportedly, these "talks" are at the so-called preliminary stage, and dialog regarding dollars and cents (and yen, probably) has yet to officially occur. Still, the insider asserts that a formal acquisition proposal will be submitted soon, potentially enabling Panasonic to quickly grab a "world-class" (wait, really?) battery operation and give it a leg-up in the exploding solar energy market. Stay tuned for more -- you know the unpredictable always happens on Saturday nights.

[Via Bloomberg]

Fujitsu to hand over hard drive division, self-respect to Western Digital

by Joseph L. Flatley posted Oct 2nd 2008 at 8:26AM

It's prom night, and Fujitsu wants to give it all up to Western Digital. And we're talking everything: if the sordid deal goes through, by the end of the year Fujitsu will have sold its entire hard disk division to WD, giving the maker of the exquisitely named Caviar almost thirty percent of the market, second only to Seagate's thirty-five percent. So look out, Seagate! But who will the real winners be? That's right: the consumer. Because the rampant monopolization of every aspect of the computer industry can only be a good thing. Just ask those fat cats in Washington.

Alltel tried to buy Sprint, T-Mobile and AT&T as a public company

by Darren Murph posted Jun 24th 2008 at 10:36AM

Unless you've been camped out under a Rhode Island-sized boulder for the past few weeks, you know that Verizon has announced its intentions to acquire Alltel. During a recent interview with CEO Scott Ford, Talk Business host Roby Brock was able to get a few talking points out of the exec that didn't involve the most recent transaction. More specifically, Mr. Ford noted that prior to Alltel becoming a private company, it had "tried to buy Sprint three times, tried to buy AT&T Wireless [and] tried to buy T-Mobile." He continued by saying that "some of those times it went with partners, [while] some of those times it didn't." Essentially, Alltel was "doing everything it could to get to a national platform." Believe it or not, those quotes really are just the tip of the iceberg, but the full spill is entirely too detailed for this space. If you're curious to know what might have been, break out the reading glasses and hit the link below.

[Via mocoNews]

SanDisk acquires MusicGremlin, slips it in front pocket

by Darren Murph posted Jun 10th 2008 at 8:00AM

Quite a bit of time has elapsed since we last saw fit to mention MusicGremlin on these pages, but the long-lost outfit has found itself relevant again thanks to SanDisk. Announced today, the latter firm has acquired the former, and we're told that the acquisition will (expectedly) fall under the Sansa audio / video business unit. According to Daniel Schreiber, general manager and senior VP of the aforesaid unit, MusicGremlin's "digital distribution platform and capabilities will provide SanDisk with adaptive and innovative technology that will play a key role in the development of future Sansa products for consumers," though he didn't elaborate much beyond that. To be frank, we have some serious respect for the Sansa line as-is, so we're quite interested to see what impact (if any) this will eventually have on the crew we've come to know so well.

Verizon "in talks" to buy Alltel for $27 billion

by Darren Murph posted Jun 4th 2008 at 4:01PM

Verizon has certainly courted Alltel before, but this time, the two could finally be rounding third base. According to a breaking report at CNBC, Verizon is "in deep in talks to acquire Alltel," which of course is America's fifth largest wireless carrier. It's no secret that Alltel has been riding fairly high of late, and unless your memory is totally shot, you'll likely recall that it was just recently "taken private by TPG and Goldman Sachs Capital Partners in a $27.5 billion deal." Not surprisingly, officials at both outfits refused to comment on the rumblings, but if this does indeed go down, analysts are expecting Verizon to pay around 8x Alltel's current EBITDA, whereas TPG / Goldman Sachs paid 9.2x. We'll keep you posted on any developments.

Update: The talks have been confirmed by Vodafone which owns a 45% stake in VZW.

Rumor: Sony Ericsson to buy HTC. HTC: nope, it's untrue.

by Joshua Fruhlinger posted Jun 2nd 2008 at 1:02PM

So the backstory goes something like this: Swedish publication Elektroniktidningen were looking forward to a meeting with HTC, but the meeting was delayed due to talks of some sort of merger with Sony Ericsson. Everyone panicked: Could HTC be bought by Sony Ericsson? They've already worked together on the Xperia X1, so it could be possible, right? Not so much, according to HTC. Word from them is that this whole this is a bunch of hooey. According to HTC's spokesperson, "This is just a rumor and there is no truth to this statement." For now we're moving along.

Stone buys Rock -- could this be any more perfect?

by Darren Murph posted May 24th 2008 at 11:35PM

When Rock fell under administration earlier this month, we honestly had no idea if we'd ever see that swank Pegasus 210 hit the market. Today, we still have no clue about the latter, but we do know that the failed company has been caught by the most impeccably named suitor Planet Earth has to offer: Stone. Reportedly, Stone Group will dish out "an undisclosed sum" for Rock, after which the two will meld together and form an all-powerful, completely unstoppable boulder. Watch out Mount Rushmore, you've got some serious competition now.

[Via vnunet]

Microsoft completes Danger acquisition, creates new Premium Mobile Experiences division

by Nilay Patel posted Apr 15th 2008 at 2:33PM

Microsoft's just announced that its $500M buyout of Sidekick maker Danger is complete, and that it's rolling the new team into its own unit, the Premium Mobile Experiences division. Ready to follow the chain of corporate command? PMX is under the Mobile Communications Business unit at MS, which itself falls under the Entertainment and Devices Division responsible for the Xbox and Zune. Got all that? Good. Danger's management team won't be directly calling the shots at PMX, though -- they'll be reporting to Roz Ho, who you might remember as the former head of the Mac Business Unit. Ho says the goal of PMX is to have people "smile every time they look at their phone," which hopefully means we'll be seeing a lot more Danger influence on Windows Mobile than the other way around. Still, "Premium Mobile Experiences" is an interesting choice of name, especially in the same division as the 360 and Zune -- dare we dream of a Microsoft-branded consumer phone?

[Via MocoNews]

Iomega acquired by EMC for $213 million

by Darren Murph posted Apr 9th 2008 at 8:44AM

Not even a month after we heard that Iomega was warming to a revised takeover bid from EMC, the two lovebirds have finally let their true feelings be known. Announced today, EMC is acquiring the famed Zip Drive manufacturer for $213 million. The final figure is nearly $7 million higher than the one proposed in March, and the all-cash agreement worked out to $3.85-per share -- 5.8-percent higher than Iomega's Tuesday closing price of $3.64. Also of note, Iomega will be picking up the tab on a $7.5 million termination fee to the shareholders for a canceled deal involving China's ExcelStor Group, and EMC stated that it didn't expect the acquisition to "have any material impact on its full-year earnings."

[Thanks, Khattab]

Microsoft said to have dropped $500 million on Danger

by Donald Melanson posted Feb 12th 2008 at 4:41PM

While Microsoft was doing little to hide how much it was willing to spend on Yahoo!, the company's been decidedly more coy about exactly how much it dropped to pick up Sidekick-maker Danger earlier this week. The ever-dependable Om Malik now claims to have turned up a figure, however, and while it pales compared to that Yahoo! offer, it's still quite a doozy. According to Om, a "fairly solid source" informed him that Microsoft parted with a full $500 million to bring Danger into its fold, with later-stage investors in Danger the biggest beneficiaries of that payday. What's more, that hefty price also got Om speculating that Microsoft may be about to "pull an Xbox" with its cellphone business, fearing that its current approach would relegate it to the business market -- a pretty safe assumption, if you ask us.