E-Commerce News: Deals

Intel Buddies Up With Nokia in Mobile Device Deal

Tuesday - June 23, 2009

In what's being hailed as a milestone moment, Intel and Nokia announced they will work together on developing new mobile chipset technologies, as well as new devices to use them. What, exactly, those devices might be or when they might find their way into consumers' hands remains unknown. Neither Intel nor Nokia executives wanted to discuss specific products in a conference call announcing the venture. "We'll talk about products when we are ready to talk about products, but that's not for today's discussion," said Intel Senior VP Anand Chandrasekher. [More...]

Nortel Asset Sale Punctuates End of Era

Monday - June 22, 2009

Nortel Networks has agreed to sell its two advanced wireless technology business units to Nokia Siemens for $650 million. The companies hope to close the sale by Q3 of this year. It is an ignominious end for the telco, which at one time was one of the dominant players in the global marketplace. In January, however, the Toronto-based company filed for Chapter 11 bankruptcy. [More...]

HLTH, WebMD Move Forward With All-Stock Merger

Thursday - June 18, 2009

HLTH Corp. said Thursday it will complete its merger into health Web-site operator WebMD Health Corp. in an all-stock deal valued at about $1.2 billion. The companies had agreed to combine in a $2.31 billion cash and stock deal in February 2008, but canceled the deal in October due to financial market turmoil. [More...]

Intel Signals Diversification With Wind River Buy

Thursday - June 4, 2009

Intel said Thursday it will buy software maker Wind River Systems for $884 million in an all-cash deal that will help the world's largest computer chipmaker expand beyond the PC market. Intel said the purchase will benefit its processor and software offerings for embedded systems and mobile devices, which run the gamut from smartphones to networking equipment. [More...]

EMC's Data Domain Bid Puts NetApp in Tough Spot, Says Analyst

Tuesday - June 2, 2009

EMC's all-cash bid to buy Data Domain is going to be hard to beat, according to Stifel Nicolaus analyst Aaron Rakers. EMC's $1.8 billion bid, announced Monday, is worth $30 per share in cash, a 20 percent premium over a previously accepted bid by NetApp of $25 per share. [More...]

E Ink Deal Could Hasten Kindle Color Display

Tuesday - June 2, 2009

E Ink, the maker of the innovative display for the Amazon Kindle e-book reader, said Monday it has agreed to be acquired by a Taiwanese company for $215 million. The buyer is Prime View International, which has been Cambridge, Mass.-based E Ink's partner in making "electronic ink" displays for Amazon.com and Sony. [More...]

Time Warner Unburdens Itself of AOL

Thursday - May 28, 2009

Time Warner is officially releasing AOL from its parentage. A year after announcing its intention to separate from the struggling unit, Time Warner said Thursday the time had come. The company, which owns 95 percent of AOL, will buy out the 5 percent stake that Google owns for an undisclosed amount. [More...]

Bartz: Yahoo, Microsoft Search Deal Would Require 'Boatloads' of Cash

Thursday - May 28, 2009

Yahoo's chief executive said Wednesday that she is open to joining forces with Microsoft so both companies can better compete in Internet search, but a deal would need a specific set of terms -- including "boatloads of money." An alliance in Internet search would have to enrich Yahoo, give Yahoo access to the "right data" and bring strong technology, Carol Bartz said. [More...]

Facebook Sitting Pretty With $200M Investment

Wednesday - May 27, 2009

One figure that's drawn much attention in Facebook's $200 million investment deal with Moscow-based Digital Sky Technologies announced Tuesday is the implied valuation of the privately held social networking company: $10 billion. While impressive, the number is off a third from the $15 billion figure floated after Microsoft invested $240 million in Facebook in November 2007. [More...]

Avaya Steers Toward Fertile Mid-Market

Wednesday - May 27, 2009

Avaya is redoubling its efforts to gain traction in the mid-market, a neglected but potentially very lucrative niche for contact center providers. To that end, Avaya has acquired Agile Software, the company from which it had been OEM-ing its main mid-market solution, Avaya Contact Center Express. [More...]

Utility Companies Plug In to Google PowerMeter

Wednesday - May 20, 2009

Google will start field testing its PowerMeter software with over 10 million customers of eight large utility partners in three countries. Google on Wednesday announced it's lining up energy companies so it can enlist the utilities' customers to start using the home energy consumption software. [More...]

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