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TiVo will be acquired by patent giant Rovi for $1.1 billion
Rovi has agreed to acquire DVR maker TiVo in a deal worth $1.1 billion. The acquisition, which was rumored to be close to completion in March, will be part cash, part shares -- only $277 million will actually change hands, with the rest of the figure being paid out in stock of a new company that will own both Rovi and TiVo. Subject to the usual regulatory approvals, the purchase will complete in Q3 2016, after which the joint entity will be known as TiVo. While you're aware of TiVo, you probably don't know what Rovi is or does. The company started life as MacroVision, and owns thousands of patents relating to DRM and program guides. More recently, it's mostly been in the news for wielding those patents liberally in various lawsuits, including a case against Netflix that it eventually lost. TiVo also has lots of IP relating to its DVR tech. With the acquisition, the new TiVo will have over 6,000 patents, and some far-reaching claims to royalties in the DVR market.
Comcast is reportedly in talks to buy DreamWorks Animation
In the past Dreamworks Animation has been mentioned as a possible purchase for companies including Fox, Hasbro and Softbank, but now reports say it's in talks with Comcast. The Wall Street Journal first reported the discussions, claiming Dreamworks CEO Jeffrey Katzenberg is courting an offer from the cable behemoth of over $3 billion. The live action arm of Dreamworks, now renamed Amblin Studios, is distributed by Comcast's Universal Pictures which could bring the two back together in a way after the animation arm spun off on its own in 2004. Also, as The Hollywood Reporter mentions, Universal is already home to Illumination Entertainment, which created Despicable Me and Minions, and sees the two as a competitor to Disney/Pixar.
Nokia will buy Withings for $191 million
Nokia has announced that it's going to buy Withings for €170 million ($191 million). The French health and wearables company will become a division of Nokia Technologies, home to the Ozo Camera and N1 Tablet. It's another step towards Nokia's re-emergence as a consumer brand after Microsoft bought its phone division in 2013. In a statement, Nokia's Ramzi Haidamus said that his company is now uniquely positioned "to lead the next wave of innovation in digital health." Withings CEO Cedric Hutchings agrees, saying that he was "excited to join Nokia to help bring our vision of connected health to more people around the world."
It's official: Uncle Sam says Charter can buy Time Warner Cable (update)
Charter Communications purchased Time Warner Cable in a deal estimated at $78 billion, and today the US Department of Justice and FCC chairman Tom Wheeler gave the acquisition the green light. The companies agreed to the deal in May 2015, when it was estimated at $55 billion. The approval comes with a few caveats: The DoJ says Charter is not allowed to impede access to streaming content, for one. Wheeler says Charter will not be allowed to impose data caps or charge usage-based prices, nor will it be able to charge interconnection fees.
Fossil buys Misfit for a bigger stake in wearables
After launching an Android smartwatch and a bunch of fitness wearables, Fossil Group announced today that it's also snapping up Misfit, which is best known for its svelte Shine fitness tracker. The deal, which is worth around $260 million, gives Fossil access to an existing market of wearable buyers, a team that's been trying to figure out how to design attractive wearables for years and a cloud platform for health tracking. Basically, you can expect some pretty attractive devices resulting from this union. And it comes just in time for Misfit, which didn't have many upgrades in store for its Shine 2 health tracker. Now that plenty of phones and cheap gadgets can offer the basics of activity tracking, tech companies have to work harder to prove why we need standalone health trackers at all.
Activision buys 'Candy Crush' developer King for $5.9 billion
Say what you will about the quality of Activision's output, but the company makes incredibly smart business moves. Like the announcement that it purchased Candy Crush studio King Digital Entertainment for a cool $5.9 billion. For comparison's sake, Amazon paid a paltry $970 million for Twitch while Facebook spent $2 billion on Oculus VR and $19 billion on messaging platform Whatsapp. Oh, and Minecraft only set Microsoft back $2.5 billion. Bobby Kotick and Co. definitely think this is a big deal, and considering just how many people play the mindless puzzler this is likely a smart investment.
Western Digital is buying SanDisk for $19 billion
Hot on the heels of the Dell-EMC megaquisition comes the news that Western Digital, the world's largest storage manufacturer, is buying one of the world's largest flash memory manufacturers, SanDisk. The deal is worth $86.50 per share, which adds up to a total of $19 billion. Western Digital supplies hard drives and SSDs for use inside things like PCs, laptops, and servers, and also sells external drives directly to consumers. The target of its affection is SanDisk, which is the third-largest manufacturer of flash memory worldwide, and is best known for its memory card and USB drive business.
Lockheed Martin buys helicopter maker Sikorsky
Don't look now, but Lockheed Martin just became an even larger aerospace powerhouse. The aircraft maker has acquired helicopter maker Sikorsky (best known for the UH-60 Blackhawk) for $9 billion. The two have already been partners on programs like the MH-60, but this gives Lockheed its very own rotary-wing team. If a customer wants something that flies, the company will have it covered. The buyout is poised to close by late 2015 or early 2016, provided everything goes smoothly.
Hold on, now GameStop's buying ThinkGeek
There was a hushed silence as the Priest shouted "should anyone have an objection to the marriage of ThinkGeek and Hot Topic, speak now or forever hold their peace." Suddenly, a side-door slammed open as GameStop rushed in, demanding that the ceremony stop, because it alone was ThinkGeek's one true love. Hot Topic blanched as ThinkGeek struggled to make eye contact, before nodding in agreement, apologizing and bolting from the altar. As ThinkGeek and GameStop ran down the aisle, arm in arm, the online retailer knew that it had done the right thing because, after all, GameStop had loads more money.
Verizon is buying AOL for $4.4 billion
AOL, Engadget's parent company, has just been acquired by Verizon for $4.4 billion, or around $50 a share. The carrier believes that a tie-in between the two businesses will boost Big Red's online video and content strategy. AOL itself, far from just being the name on all those discarded dial-up internet CDs, is also a player in the online ad business -- and has developed several behind-the-scenes products for marketers.
Facebook is buying Oculus VR for $2 billion, plans to 'unlock new worlds for all of us'
Mark Zuckerberg is following up his Whatsapp buy with another big acquisition: virtual reality company Oculus VR for $2 billion in stock and cash (curiously, news of the talks may have leaked on Reddit a month ago). In a post on Facebook, Zuckerberg talks at length about how Facebook plans to make Oculus a platform for "completely new kinds of experiences," and gaming is only the first one. Examples he suggests include sitting courtside at a big game, studying in a classroom with other students virtually or getting a face to face doctor consultation from anywhere. The idea that virtual reality may be the next big thing gained more credibility last week when Sony showed off a prototype VR headset for developers, Project Morpheus. That also means Oculus is suddenly staring down a massive competitor -- with others likely on the way -- and now it has the resources of the social network to rely on.
Google acquires Boston Dynamics, the robot builder behind Big Dog and Cheetah
The New York Times reports tonight that Google has acquired Boston Dynamics, builder of terrifying walking robots DARPA-related projects like WildCat/Cheetah, Atlas, Petman and Big Dog. Andy Rubin has moved over from leading Android to directing Google's robotics efforts and tweeted a link to the story, commenting that "The future is looking awesome!" While we're sure it does -- if you always thought the T-1000 was just misunderstood -- reactions from meatbags are ranging from slightly uneasy to completely freaking out that a company with robots that go anywhere is teaming up with a company that seems to know everything about us. There's no word on how much Google spent to snap up the robotics company, but its founder Marc Raibert is quoted by the Times saying "I am excited by Andy and Google's ability to think very, very big, with the resources to make it happen." When we interviewed Raibert during Expand earlier this year (included after the break) he specifically highlighted his company's recent growth and the possibility of building consumer-focused robots in the future. Google apparently does not plan to proceed as a military contractor itself, although according to the article, Boston Dynamics will honor its existing military contracts. Raibert confirmed the acquisition to us, but so far neither side has commented further or explained how search ties into robots that walk on two or four legs, jump, climb and crawl. So, which one do you think will arrive first -- Amazon's flying drone delivery service or a Google Now robot that shows up at places it thinks you will be with a backpack full of things you've recently searched for?
