Posts in category Deals


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.

Read more 0 Comments
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.

Read more 0 Comments
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.

Read more 0 Comments
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.

Read more 0 Comments
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.

Read more 0 Comments
Deals

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.

Read more 0 Comments
Deals

Atlassian Scoops Up Trello for $425 Million

Atlassian, the parent company behind the Jira enterprise tracking and HipChat communication apps, on Monday announced a deal to acquire Trello, the developer of a cloud-based collaboration app for enterprise teams and personal use. Atlassian will fork over $425 million– $360 million in cash and the rest in stock. Trello provides software that includes digital whiteboards and virtual sticky notes.

Read more 0 Comments
Deals

Softbank Pumps $1B Into Global Web Access Race

Softbank has cut a check for $1 billion to OneWeb, which plans to build a constellation of satellites to provide Internet access to underserved parts of the world, the companies announced Monday. Helmed by satellite industry veteran Greg Wyler, OneWeb raised a total of $1.2 billion in its latest round of funding. The company will deploy 650 Ku band satellites into orbit at a height of 750 miles.

Read more 0 Comments
Deals

LinkedIn Begins New Chapter Under Microsoft’s Wing

Microsoft last week closed its $26 billion acquisition of LinkedIn. LinkedIn will remain a separate company and Jeff Weiner will continue as its CEO, but he now reports to Microsoft CEO Satya Nadella. Integration of the companies’ products is under way. Among many other things, a user’s LinkedIn identity and network will be made available in Microsoft Outlook and the Office suite.

Read more 0 Comments
Deals

AT&T, Time Warner Defend Merger to Lawmakers

AT&T and Time Warner executives this week appeared before a subcommittee of the Senate Judiciary Committee to respond to lawmakers’ concerns about their $84 billion merger. Their testimony came at a time of high public skepticism of institutional power. Rival content and mobile providers applied further pressure with questions about the impact the deal would have on competition and pricing.

Read more 0 Comments
Deals

Fitbit Pulls Pebble From Rock, Hard Place

Fitbit has announced an acquisition deal with smartwatch maker Pebble. It clearly has been struggling, having laid off 25 percent of its staff earlier this year, when CEO Eric Migicovsky acknowledged that money was tight. “Fitbit is acquiring certain assets of Pebble, including key personnel and intellectual property specific to software and firmware development,” a Fitbit spokesperson said.

Read more 0 Comments
Deals

Uber Sees Gold in Autonomous Vehicle Field

Uber has announced the acquisition of startup Geometric Intelligence, a move designed to increase its presence in the autonomous vehicle technology field. Geometric CEO Gary Marcus will become the chief of Uber’s new artificial intelligence business. He will lead the newly formed Uber AI Labs, which will be dedicated to conducting research into artificial intelligence and machine learning.

Read more 0 Comments
Deals

Twitter Buys Yes for Product VP Talent

Twitter has purchased Yes and named the mobile app startup’s CEO, Keith Coleman, as its new VP of product — a challenging post. Coleman will be Twitter’s third VP of product this year and the fifth since 2014. Twitter’s main problems are monetization, which has plagued it since its founding; slowing user growth; and stiff competition. Coleman’s supporters cite his previous experience at Google.

Read more 0 Comments
Deals

Fitbit May Pick Up Pebble

Fitbit, the leader in the wearables category, is close to an agreement to buy struggling smartwatch maker Pebble for up to $40 million, in a move to gain the firm’s intellectual property and software. The negotiations follow several months of financial turmoil at Pebble, which reportedly slashed its workforce by 25 percent in March and has rebuffed several prior offers to be acquired.

Read more 0 Comments