Merger -- Engadget

merger posts

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.

Sprint buy apparently not on the table for Deutsche Telekom -- yet

by Chris Ziegler posted Sep 15th 2009 at 10:24PM

Eerily mirroring the situation with T-Mobile in the UK, disgruntled Deutsche Telekom shareholders are apparently now turning their attention to the company's US outpost, now that the British woes are on the fast track to resolution thanks to a tie-up with Orange. The Financial Times is reporting that the bell isn't tolling quite yet for T-Mobile USA -- key players are still on board with the company's plan to get back into the game with an accelerated 3G rollout, which means that alternative strategies aren't actively being considered right this second. Word has it that the clock has been set for mid-2010, though, at which point red ink on the balance sheet is going to mean a more drastic change in direction -- something like a merger with Sprint or a move to transform the carrier into an ultra-value brand concentrating on prepaid service with a possible MetroPCS or Leap / Cricket buy. What color do you get when you combine magenta and yellow, anyway?

T-Mobile UK and Orange to merge, still clash

by Thomas Ricker posted Sep 8th 2009 at 2:36AM

Step aside O2 and Vodafone, there's a new sheriff in town. At least there will be if the announced 50:50 merger between T-Mobile UK and Orange can be signed into existence by November as planned. The new venture would give France Telecom and Deutsch Telekom units a 37% share of the UK mobile marketplace leaving O2 with 27% and the once mighty Vodafone with 25%. Let's hope that the corporate cultures mix better than orange and magenta.

[Thanks to everyone who sent this in]

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?

CE-Oh no he didn't! Part LXI: Acer chief says Japanese PC companies "the weakest today"

by Nilay Patel posted Jul 7th 2009 at 8:39PM

We're pretty sure we've heard Acer CEO Gianfranco Lanci say PC industry consolidation resulting in fewer players and lower component prices would be a good thing before, but he dressed it with a side of smackdown today: speaking to the New York Times, he said that Toshiba and Sony's PC businesses would be the first targets, since "the Japanese for sure are the weakest today." Ouch. It's especially harsh since Sony just broke down and released its first netbook this morning after claiming that the low-cost machines were a downward spiral, but that wasn't enough blood for Gianfranco: he also said that ASUS and Lenovo need to "think long and hard" about remaining independent companies. Yow -- sounds like someone's planning to do a little shopping, don't you think?

DirecTV to merge with majority shareholder Liberty Entertainment

by Darren Murph posted May 4th 2009 at 9:52AM

Hmm, now isn't this interesting? Just months after Liberty Media reached out at the eleventh hour and rescued Sirius XM from imminent bankruptcy, it's now spinning off its entertainment division (Liberty Entertainment) and combining it with DirecTV (which Liberty already controls). We're told that the new Liberty Entertainment will hold 54 percent of DirecTV Group shares and 65 percent interest in the Game Show Network, not to mention three regional sports networks and a few other things not worth mentioning. The move is being made as the "John Malone-controlled vehicle looks to simplify its capital structure," and if all goes well, the paperwork should be completed by the end of the year. Oh, and so far as we can tell, DirecTV consumers won't even notice the shuffling going on behind the scenes.

T-Mobile UK apparently being pressured to merge or bust

by Donald Melanson posted May 1st 2009 at 4:39PM

There's not exactly a ton of details on this one, but it looks like Deutsche Telekom CFO Timotheus Hoettges caused a bit of a stir at the company's recently shareholder meeting, where he reportedly suggested that T-Mobile UK would likely have to merge with another carrier or face the possibility of going bust. Specifically, Hoettges said that "in our view consolidation is a means to take excess capabilities out of the market," adding somewhat ominously that "nothing is unthinkable on our side." Of course, that immediately brings up the question of which carrier T-Mobile might merge with, and MarketingWeek suggests that one of the most likely suitors would be 3, which it currently ranked fifth in the UK market right behind T-Mobile, although O2, Orange, and Vodafone would no doubt also be in the running.

[Via Electronista]

NEC and Renesas looking to join forces against semiconductor evil

by Paul Miller posted Apr 28th 2009 at 11:18AM

We're always up for a good semiconductor merger, and it looks like NEC Electronics and Renesas are prepping the biggest one we've seen this week. The two companies have agreed to team up, creating a combined force of $13 billion in yearly sales, and the largest chip company in Japan -- Renesas was already the product of a chip merger between Hitachi and Mitsubishi Electric. They'll still be behind Intel and Samsung in the overall game, but we won't hold that against them. Tokyo analysts believe this might lead to other "defensive" mergers by other Japanese chipmakers, but we'll have to wait and see. NEC and Renesas hope to finish talks by July and become a single company by April of next year.

[Via Electronista]

Western Digital enters SSD market via $65m SiliconSystems acquisition

by Darren Murph posted Mar 30th 2009 at 11:07AM

Man, the consolidation efforts are really heating up. Just days after Cisco forked out a small fortune to acquire Pure Digital, HDD mainstay Western Digital has penned a check for $65 million in cold, hard cash in order to acquire SiliconSystems, Inc. Said outfit is an Aliso Viejo, California-based supplier of solid-state drives for the embedded systems market, and rather than wasting any more time falling behind in the SSD realm, WD figured it prudent to just buy the technology it needed to position itself as a legitimate competitor. WD has already made clear that it hopes to sell SSDs for the netbook, client and enterprise markets, and given that integration will begin "immediately," we're hoping to see some shipping products sooner rather than later.

Cisco said to be buying Pure Digital for around $500 million

by Darren Murph posted Mar 9th 2009 at 12:39AM

Believe us people, popularity pays off. Just ask Pure Digital CEO Jonathan Kaplan, who is reportedly scrambling for ways to spend $80 million of the $500 million Cisco Systems is about to hand over in order to acquire the company. Granted, none of this has been confirmed just yet, but TechCrunch has it that the deal is all but done. Reportedly, Cisco's interested in bringing the firm into its portfolio in order to further push high-bandwidth using services. Obviously, user generated HD video fits pretty perfectly into that agenda. We suspect we'll be hearing more on the subject as the work week begins in earnest, but it sure sounds like Linksys is about to get a new cousin.

Hitachi acquires Fabrik, looks to expand market presence

by Darren Murph posted Feb 24th 2009 at 11:44AM

We keep hearing that it's a buyer's market out there, and for anyone with any amount of cash (that'd be Hitachi, in this scenario), the getting is pretty great. Hitachi Global Storage Technologies (GST) has just announced that it has snapped up Fabrik, Inc., a privately-held supplier of personal and professional storage solutions. You may be more familiar with the said company's brands, as G-Technology and SimpleTech tend to ring bells much better than a name easily mistaken for clothing. According to Steve Milligan, President of Hitachi GST, the acquisition will soon become "the cornerstone for the next phase of Hitachi's business transformation," though he certainly didn't bother to elaborate. Who knows -- maybe one day soon we really will see Hitachi taking on the likes of Western Digital and LaCie in the external sector.

Fujitsu and Toshiba reach agreement on hard drive business deal

by Donald Melanson posted Feb 17th 2009 at 2:54PM

It's not exactly a huge surprise at this point, but Fujitsu and Toshiba have announced today that they've signed a memorandum of understanding on the transfer of Fujitsu's hard drive business to Toshiba, and that they plan to conclude a transfer contract "at an early date." To make the transition as smooth as possible, Fujitsu says it'll spinning off all its HDD-related business into a separate company in the interim, which Toshiba will buy an 80 percent stake in and make a Toshiba Group subsidiary. Then, once things are fully transitioned, Toshiba will buy up the remaining 20 percent and make the company a wholly owned subsidiary. Notably absent from today's announcement, however, is any word of a dollar figure, though previous reports had pegged the deal at anywhere from $335 to $447 million. Toshiba also doesn't seem like it'll be resting on its laurels once the deal is complete, saying that it hopes to increase its overall HDD market share 20 percent by the year 2015.

CSR gobbles up GPS chipmaker SiRF

by Donald Melanson posted Feb 10th 2009 at 8:58PM

Well, it looks like a few pesky patent issues weren't enough to keep CSR, mostly known for its Bluetooth chips, from snapping up omnipresent GPS chipmaker SiRF, with the two companies today announcing that they're set to fully combine their companies into one giant chipmaking operation. Under the all-share transaction valued at some $132.7 million, SiRF shareholders will get 27 percent of the newly formed company, to be known as CSR, while two SiRF directors will also get seats on the CSR board. Any further details are a bit hard to come by but, as CNET's Business Tech points out, CSR has increasingly been focusing on all-in-one solutions combining Bluetooth, WiFi, and whatnot, so it would stand to reason that SiRF's GPS know-how could be added to the mix.

Toshiba said to be nearing deal to buy Fujitsu's hard drive business

by Donald Melanson posted Jan 14th 2009 at 9:39PM

Hitachi may be out of the picture (if it was ever actually in the picture to begin with), but it looks like Toshiba is now very close to buying Fujitsu's hard drive business in a deal that's reported to be worth between 30 and 40 billion yen, or anywhere from $335 to $447 million. That would make Toshiba the world's largest supplier of hard drives for laptops and, according to Reuters, it could be all but a done deal by the end of the month, if a supposed meeting between company execs planned for this week goes as expected. The deal wouldn't include Fujitsu's plant in Nagano Prefecture, however, or the hard drive operations of its Yamagata Fujitsu subsidiary -- those would apparently be sold off separately for some extra cash if Fujitsu decides to exit the hard drive business altogether.

Verizon completes Alltel acquisition, now covers 83.7 million customers as nation's largest wireless network

by Paul Miller posted Jan 9th 2009 at 10:49AM

As promised, Verizon and Alltel tied the knot today, in a $5.9 billion acquisition, plus $22.9 billion of Alltel debt. Combined they form the nation's largest wireless carrier, with 83.7 customers (12.9 of those from the Alltel fold). For the time being, Alltel customers can sit tight and continue to use their devices and service plans as usual, with re-branding operations to happen Q2 and Q3 of 2009.