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Posts with tag takeover

Microsoft and Yahoo! restart talks


Yes -- they're at it again. Please for the love of all that is sacred, let somebody buy something... quick. From the horse's mouth;

"In light of developments since the withdrawal of the Microsoft proposal to acquire Yahoo! Inc., Microsoft announced that it is continuing to explore and pursue its alternatives to improve and expand its online services and advertising business. Microsoft is considering and has raised with Yahoo! an alternative that would involve a transaction with Yahoo! but not an acquisition of all of Yahoo!"

[Via Emiliano]

Swarm robotics project further ensures our doom


Much to our dismay, this isn't the first swarm project that really makes us wonder how long humans will be running things on Planet Earth. MIT's own James McLurkin was recently down in Austin, Texas showing off a dozen or so of his hundred (is that even legal?) robots. The group was reportedly able to spread out, clump together, play follow the leader and circle the wagons, all of which were just ploys to distract us from seeing precisely how much they really know. Each of the appropriately-titled SwarmBots featured eight AA batteries, a 1.1-watt speaker, behavior LEDs, a radio, camera and an IR communications system. For those curious, each one cost around $2,000 to build, but Mr. McLurkin suggested that these were a bargain compared to typical research bots. It's all about perspective, baby.

[Via Futurismic]

Blockbuster offers to buy, um, Circuit City: digital downloads be damned!


Huh? Blockbuster just made public its February 17th offer to purchase Circuit City for $6 to $8 per share. As of this morning, Circuit city has not provided the requested due diligence necessary to move the deal forward. As such, Blockbuster is pulling a Microsoft and making the proposal public in hopes of inciting shareholders. They've even gone so far as to publish an open letter from Blockbuster CEO Jim Keyes to Phil Schoonover, CEO of Circuit City. Really, is this how all corporate affairs will be conducted in the future guys? What really boggles the mind though is Blockbuster's quest for even more brick-and-mortar as digital downloads begin to take off. Hit the read link for the full contents of the letter.

[Via I4U]

Yahoo responds to Microsoft ultimatum: more money please


As expected, Yahoo has responded to Microsoft's 3 week ultimatum this morning. The bottom line is pretty clear in a letter signed by Jerry Yang (CEO) and Roy Bostock (chairman). In the "Dear Steve" response to Ballmer they state, "we will not allow you or anyone else to acquire the company for anything less than its full value." They go on to state that, "We consider your threat to commence an unsolicited offer and proxy contest to displace our independent Board members to be counterproductive and inconsistent with your stated objective of a friendly transaction." Make no mistake about it, this is corporate war and will likely end with Yahoo's best engineers working for Google.

Iomega warming to revised EMC takeover bid

Just a week ago, Iomega turned up its nose at an offer from EMC to buyout the firm for $3.25 per share. Now, however, it's singing a somewhat different tune as EMC has struck back with an entirely more succulent offer of $3.75 per share. Said bid puts a $205.5 million value on Iomega -- based on the 54.8 million shares it has outstanding -- and now it's being reported that "Iomega will enter into discussions with EMC that could lead to a definitive acquisition proposal." Go on you two, don't hold back on those feelings any longer.

Logitech CEO shrugs off Microsoft takeover rumors, causing more rumors

We've heard nothing since January when the first rumors broke of a Logitech buyout by Microsoft. In fact, the rumor mill has been so quiet that we nearly forgot about the prospect. Now Logitech CEO, Guerrino De Luca, told an Italian newspaper over the weekend that a Microsoft takeover would be "an operation without sense." Kind of like a MicroHoo after all the engineers quit to join Google, eh Geurrino? He says that, "without competition Logitech would lose the great pressure to innovate. Moreover there would be problems from antitrust authorities seeing as the two companies together would have a virtual global monopoly in mice and keyboards." Come to think of it, that sounds more like a warning to Microsoft to think twice about making a hostile takeover bid than it does a flat denial of rumors. As usual, having officially commented on the rumor only serves to perpetuate speculation.

[Via GamesIndustry]

Yahoo! officially spurns Microsoft's advances


Just in case you misunderstood the news from Yahoo!, they don't want Microsoft's money, help, time, or friendship. Officially. In a somewhat related story, Jerry Yang says he's also not interested in a week-long round of brunching with Steve Ballmer. No word yet on whether he's game for a dinner date and coffee with Sergey Brin.

Microsoft to buy Logitech?

A rumor swirling about the bowels of the Internets says that Microsoft is about to launch a takeover bid for Swiss-based Logitech. If true, Microsoft, the largest software house in the world would become the world's largest maker of webcams, mice and other peripheral devices. Share prices are surging on speculation that Microsoft will make a takeover bid valued at 48 francs per share, a 38% premium over yesterday's closing price. Our take? We're pretty skeptical. Both companies have been extraordinarily successful without each other. And at first take, the union seems to offer neither company any advantage in the market. Perhaps the rumor mill confused Logitech with Japan's Logitec -- that would make perfect sense. Yeah.

[Thanks, Khattab]

Robotic cockroaches influence, exploit living clans

Strangely enough, we've seen robotic roaches in action before, but a new report focusing on nature's influence on mechanical creatures substantiates some of our worse fears. Apparently, a team of researchers led by Jose Halloy of the University Libre de Bruxelles in Belgium crafted "cockroach-sized robots that interacted with their living counterparts." The critters themselves did not actually resemble cockroaches, but they were doused with chemicals to mimic the authentic aroma; subsequently, these autonomous pests were able to persuade a clan of real roaches to choose a poor (light) shelter over a dark alternative, sparking worry that humanoids may one day use these very tactics to lead us straight to our demise. On the real, the gurus behind the research are looking at the trials to "explore decision-making mechanisms in group-living animals," which when you think about, really isn't any less frightening.

[Image courtesy of ETHZ]

Garmin challenges TomTom with $3.3 billion bid for Tele Atlas

Man, it must feel mighty fantastic to be Tele Atlas right about now. Not even a month after TomTom finalized a whopping $2.5 billion offer to take the map maker over, Garmin -- which currently relies on NAVTEQ maps -- has come out swinging with a staggering $3.3 billion bid of its own. As expected, Tele Atlas is now taking a good hard look at both offers and examining its options, and some analysts are even suggesting that a bidding war could take the figure even higher. 'Course, such a conjecture is easy to make when TomTom has already proclaimed that it would reply in some way "in the near future." Bust out the blank checks -- this one could get ugly (or very pretty, if you're a Tele Atlas shareholder).

Wokka wokka wokka: Acer to acquire Gateway to acquire Packard Bell


The rumor was spot-on: Gateway has delivered a binding offer to acquire all shares of PB Holding Company S.à.r.l. from Lap Shun (John) Hui and Clifford Holdings Limited. If approved, Acer would nab themselves an improved foothold in Europe as part of their acquisition of Gateway announced back in August. Final regulatory approvals for the three-way love-in are expected before the end of the year or Q1 at the latest.

TomTom reacts to Nokia -- formalizes offer for Tele Atlas

Just one day after Nokia offered $8 billion for NAVTEQ, TomTom is in the news with a formal offer for Tele Atlas. Of course, TomTom had already announced their intent to offer €21.25 per share (about $2.56 billion) for the map maker back in July -- the same amount tendered today. Back then the offer represented a sweet 32% premium over the average Tele Atlas share price. However, Tele Atlas is now trading above the offer price thanks to speculation caused by the Nokia deal. We say hold out for more Tele Atlas. Just hint at discussions with Nokia or Garmin and we're pretty sure TomTom will up the ante.

[Thanks, SmartDust]

Palm selling this week?

Alright, Palm, your days of making incrementally improved, merely evolutionary Treos may finally be numbered. Or not, depending on how your new owner wants to roll, but either way, rumors have now gone from a simmer to a full boil that a Palm sale is imminent. Like, seriously imminent -- Morgan Stanley, which Palm hired to court suitors, allegedly wants to get a deal sealed by March 22. The company -- which rose to stardom as a division of USRobotics and 3Com and made a huge splash in the then-budding smartphone market -- is now a shadow of its former self thanks largely to a split which saw its software division ultimately getting bought by Japan's ACCESS. Be that as it may, word has it the sale should command $20 a share -- a healthy premium over Palm's recent pricing -- and at least four companies are rumored to have interest: Nokia (could we finally see that Symbian-powered Treo?), Motorola, and a pair of private investment firms. We wish you the best of luck, Palm; there's definitely a certain sentimental value associated with your name these days, and we hope your new owners do what it takes to get you back on the straight and narrow. Keep pluggin' away at that WiMAX handset!

IZI Robotics' emotional Netoy shows the weather, stays put


While it's certainly not as intelligent (or mobile) as NEC's R100 companion bot, the Netoy "emotional robot" can probably hold its own when cheering up the master. IZI Robotics' latest creation sports an abnormally large head, shocking (ahem) looks, and a bevy of functionality traits. Aside from telling you the weather, brushing you up on the latest news, and reading back audiobooks, it can also provide "wake up calls" and alerts to keep you on track throughout the day. Beneath its dome is a mysterious S3CX2410 processor, 64MB of RAM, 64MB of flash memory, integrated 802.11b/g, an eight-point touch sensor, two-watt stereo speakers, and an internal motor powering the rotatable arms. It also sports a 1.5-inch LCD to provide MP3 information, news clips, and other simple forms of communication. Although this fellow can't exactly pick up after you or follow you around, at least the chances of a robotic takeover happening in your domicile are substantially lowered.



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