Posts in category Deals


Deals

Digital River, Adobe Strengthen Cloud Commerce Alliance

Digital River has expanded its ties with Adobe Experience Manager to offer an end-to-end cloud commerce solution targeting the high-tech industry. The new solution, which is based on a 2015 agreement to integrate Digital River’s cloud-based Global Commerce Platform with Adobe Experience Manager, offers brands a fresh approach for bolstering their direct channel strategy and competitive position.

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Deals

Verizon Makes New Oath

Verizon last week completed its US$4.5 billion acquisition of Yahoo’s operating business assets, merging it with its existing AOL business to create Oath. The new subsidiary encompasses more than 50 media and technology brands — including HuffPost; Yahoo Sports, Finance and Mail; AOL.com; Makers; Tumblr; TechCrunch; Flickr; and Build Studios.

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Deals

Amazon Spends $14B on Whole Foods

Amazon has inked a deal to acquire Whole Foods Market for close to $14 billion in cash. The agreement includes assumption of Whole Foods’ net debt. Whole Foods will run as a wholly independent subsidiary of Amazon. It will continue to operate stores under its own brand and source products from vendors and partners. Cofounder John Mackey will continue in his role as Whole Foods’ CEO.

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Deals

SoftBank to Take Fearsome Robots Off Alphabet’s Hands

SoftBank on Thursday announced that it will acquire robotics company Boston Dynamics from Alphabet, parent company of Google. SoftBank Robotics is the company’s subsidiary that focuses on the development, sales and maintenance of humanoid and service robots. “Smart robotics are going to be a key driver of the next stage of the information revolution,” said SoftBank CEO Masayoshi Son.”

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Deals

Pegasystems Nestles in AWS, Azure Clouds

Pegasystems has deepened its 7-year-old relationship with Amazon AWS, and also has teamed up with Microsoft Azure, company officials told Pegaworld attendees on Tuesday. The deals are part of a series of planned partnerships aimed at giving Pega’s clients choice in their cloud environment and avoiding lock-in. Pega last month inked an agreement to deliver Pega software on Pivotal Cloud Foundry.

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Deals

Softbank Vision Fund Attracts $93B From Gulf States, Apple, Others

The Softbank Vision Fund has closed its first major funding round raising more than $93 billion in capital from the Gulf states, as well as tech stalwarts Apple, Qualcomm and others. Softbank, which last fall launched the fund with backing from the Public Investment Fund of Saudi Arabia, said it has received new commitments from the Mubadala Investment Fund from the United Arab Emirates.

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Deals

Salesforce, QuintilesIMS Team to Push New Therapies to Market

Salesforce has entered an alliance with QuintilesIMS aimed at helping life sciences companies move treatments from clinical phases to commercial applications more effectively. QuintilesIMS, formed last year through the merger of healthcare data provider IMS Health and medical research firm Quintiles Transnational, is one of the world’s largest integrated healthcare services companies.

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Deals

Imagination’s Picture Bleak After Apple Cuts It Loose

Imagination on Monday announced that Apple would no longer use its intellectual property, and the company’s stock sank faster than a bottomless boat on the news. Apple planned to discontinue its use of the company’s IP in new products in 15 months to two years, ending the companies’ license and royalty agreement, Imagination said. Those royalties account for about half the company’s revenue.

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Deals

It’s Mud Season Again

It’s mud season here in New England — that time of year when everything merges into an amorphous mess. The gray sky merges with a gray landscape made into slop by continual rains and dirty gray melting snow. It’s hard to tell where one thing ends and another begins. Eventually the sun comes out and dries everything, the sky becomes distinct from the horizon, plants bloom, and order is restored.

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Deals

Amazon Confirms Deal to Buy Middle East E-Commerce Leader Souq.com

Amazon has agreed to buy Souq.com, the leading online retailer in the Middle East, reportedly edging out rival Emaar Malls’ $800 million offer. Terms of the agreement were not disclosed, but Amazon reportedly agreed to pay less for Souq than Emaar had offered. Souq, led by cofounder and CEO Ronaldo Mouchawar, claims to be the largest online retail and marketplace platform in the Arab world.

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Deals

Intel Bets $15.3B on Mobileye’s Self-Driving Car Tech

Intel has agreed to acquire Mobileye, a developer of autonomous vehicle technology, for $15.3 billion. Intel will integrate Mobileye’s computer vision and mapping technology for autonomous and semi-autonomous vehicles into its Automated Driving Group, to be led by MobileEye CTO Amnon Shashua. Intel SVP Doug Davis will oversee engagement across various Intel groups, and report directly to Shashua.

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Deals

HPE to Buy One-Time Rising Star Nimble for $1B Cash

Hewlett Packard Enterprise has inked a deal to acquire flash storage firm Nimble Storage, once viewed as a darling of Wall Street, for $12.50 a share in cash, or $1 billion. HPE also agreed to assume or pay out Nimble Storage’s unvested equity awards, which are valued at $200 million. Upon completion of the deal, Nimble Storage will merge with a unit of HPE and become a subsidiary of the company.

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Deals

Salesforce, IBM Kick Off New Artificial Intelligence Era

Salesforce CEO Marc Benioff and IBM CEO Ginni Rometty on Monday announced a global strategic partnership to deliver joint solutions leveraging artificial intelligence. Einstein, the AI that powers Salesforce applications, will be connected seamlessly with IBM’s Watson AI platform. The integration is scheduled for availability in the second half, and pricing will be announced at that time.

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Deals

Verizon Cuts Better Deal for Breach-Battered Yahoo

Verizon and Yahoo on Tuesday announced new terms for the acquisition deal they inked last summer. Verizon will pay $350 million less than the original contract price, which places the new value of the deal at $4.48 billion. Yahoo will be responsible for 50 percent of any breach-related cash liabilities incurred as a result of non-SEC government investigations and third-party litigation, under the new agreement.

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Oracle’s Important Little Acquisition

Oracle last week announced the acquisition of Apiary, a small company that tucks into its product line and will not make much of a splash in the financial pages or possibly even in tech circles. Nonetheless, it’s important strategic news. The value of the deal wasn’t publicized — but given the parameters, the dollars will get lost in the rounding of Oracle’s overall revenue and profit numbers.

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