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Verizon Cuts Better Deal for Breach-Battered Yahoo
February 21, 2017
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.
Toshiba Plunges on Massive Nuclear Writedown, Earnings Delay
February 15, 2017
Toshiba shares fell 8 percent on Tuesday as the company took a $6.3 billion writedown related to its struggling nuclear power business and delayed the release of its fiscal Q3 earnings. Shigenori Shiga, Toshiba's chairman and representative executive officer, resigned effective Wednesday. His resignation in part reflects management taking responsibility for the Westinghouse fiasco.
Can Former Amazon Fire TV Exec Save Apple TV From Itself?
February 9, 2017
Apple has hired Tim Twerdahl, the former head of Amazon's Fire TV unit, in an effort to revive its struggling Apple TV business, which has been losing market share to rival streaming content services. Twerdahl reportedly joined Apple this month as VP in charge of product marketing for Apple TV, and the company shifted the unit's former head to a post responsible for negotiating content deals.
Silicon Valley Firms Lock Arms Against Trump Immigration Order
February 7, 2017
At least 127 United States companies -- including Apple, Facebook, Twitter, Google, Intel and other tech giants -- filed a friend of the court brief in a lawsuit the state of Washington brought against President Trump, which argues that his executive order to halt the entry of refugees and all travelers from seven Muslim nations would inflict significant harm on U. S. businesses.
Apple Formally Joins High-Powered AI Partnership
January 28, 2017
The Partnership on AI has announced that Apple, well known for its culture of secrecy, has joined the organization as a founding member. The other founding members are Amazon, Facebook, Google/Deep Mind, IBM and Microsoft. The group also announced the final composition of its inaugural board of trustees. The group plans to announce additional details sometime after the board's Feb. 3 meeting.
Luckey Dons Virtual Flak Jacket for Zenimax Testimony
January 19, 2017
Palmer Luckey on Wednesday denied that he stole proprietary code from ZeniMax Media, in the little-known company's blockbuster $2 billion lawsuit against Oculus VR and Facebook. ZeniMax has alleged that in 2012, when Luckey was just a video game enthusiast, he corresponded with John Carmack, who allegedly used proprietary hardware and software information to develop the Oculus Rift VR headset.
Yahoo Makes Plans Amid Doubts Over Verizon Deal
January 10, 2017
Yahoo has disclosed in an SEC filing that following the sale of its operating business to Verizon, the company will restructure its board and change its name. It also warned that a massive hack disclosed last year could imperil its $4.8 billion sale to Verizon. Yahoo will operate as an investment company after the Verizon deal closes, it reported in the filing.
Atlassian Scoops Up Trello for $425 Million
January 9, 2017
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.
Softbank Pumps $1B Into Global Web Access Race
December 20, 2016
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.
Yahoo Suffers Major Data Breach Deja Vu
December 16, 2016
Yahoo has revealed that Net bandits stole data associated with 1 billion of its user accounts -- one of the largest data breaches in Internet history. The theft, which occurred in 2013, is distinct from the theft disclosed earlier this fall, in which 500 million accounts were compromised, Yahoo CISO Bob Lord explained. Stolen data may include names, email addresses, telephone numbers and more.
LinkedIn Begins New Chapter Under Microsoft's Wing
December 13, 2016
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.
AT&T, Time Warner Defend Merger to Lawmakers
December 10, 2016
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.
Fitbit Pulls Pebble From Rock, Hard Place
December 9, 2016
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.
Uber Sees Gold in Autonomous Vehicle Field
December 7, 2016
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.
Twitter Buys Yes for Product VP Talent
December 6, 2016
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.
Fitbit May Pick Up Pebble
December 5, 2016
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.
CNN Taps Beme Talent to Cultivate Millennials
November 29, 2016
CNN has acquired Beme, the startup cofounded by YouTube sensation Casey Neistat, the companies announced Monday. CNN plans to launch a new branded subsidiary featuring timely and topical video content by the summer of 2017. It will be led by a team including the Beme cofounders, under a name as yet undecided, with CNN providing funding. Financial terms of the acquisition were not disclosed.
Broadcom Sews Up $5B Deal for Brocade
November 3, 2016
Chip manufacturer Broadcom on Wednesday announced that it would buy Brocade Communications, a major supplier of fiber channel storage area networking technology to data centers, for $5.5 billion in cash and the assumption of Brocade's $400 million debt. That represents a 47 percent premium over Brocade's closing share price last week, said Brocade CEO Lloyd Carney.
Should Salesforce Buy NetSuite?
October 29, 2016
The recently released spreadsheet hacked from Salesforce board member Colin Powell's email names multiple companies that Salesforce was at least considering acquiring. In the aftermath of the initial reports, it's worth noticing that there were at least two enterprise resource planning/back office companies on the list: Workday and NetSuite. There are plenty of reasons to dismiss acquisition talk.
AT&T, Time Warner Brace for Regulatory Firestorm
October 24, 2016
AT&T and Time Warner on Saturday announced they had reached a merger deal, setting off alarm bells across the industry. AT&T has agreed to buy Time Warner for $85.4 billion. At least a year's worth of regulatory scrutiny, public hearings and political maneuvering is expected. The deal essentially would create the industry's first vertically integrated mobile provider of premium cable.
Red Hat and Ericsson Forge 5G, IoT Open Source Alliance
October 20, 2016
Red Hat and Ericsson on Wednesday announced an alliance meant to speed adoption of open source solutions in the information and communications technology space. The alliance will help promote a range of fully open source and production-ready cloud solutions, spanning OpenStack, software defined-networking and software-defined infrastructure, the companies said.
Year-End Deals on Track for Federal IT Providers
October 19, 2016
Just when most of the country is on vacation -- including the U.S. Congress -- federal government agencies become active in awarding contracts. The federal fiscal year ends on Sept. 30, and many agencies wait until the last quarter of the year to make acquisitions. The last few months have brought billions of dollars in federal contracts for information technology providers.
Twitter Hopes Fade as Salesforce Deal Slips Away
October 18, 2016
Salesforce, the last known suitor for Twitter, last week officially bowed out of the running for an acquisition deal, a move that forces the embattled company either to look for a new savior or find some internal answers to its lingering inability to find a winning growth strategy. Salesforce walked away from the deal because it wasn't the right fit, CEO Marc Benioff said.
Verizon Signals Cold Feet Over Yahoo Deal
October 17, 2016
Verizon last week indicated that its $4.8 billion acquisition of Yahoo could be in jeopardy in light of the company's delay in disclosing a massive 2014 data breach that compromised about 500 million account holders. Verizon may need some additional assurances, suggested General Counsel Craig Silliman. "I think we have a reasonable basis to believe right now that the impact is material."
Yahoo Makes It Harder for Email Users to Jump Ship
October 11, 2016
Yahoo in recent days disabled autoforwarding for Yahoo Mail -- and in at least one corporate client's case, it disabled the webmail deletion feature. The autoforwarding feature "is under development," reads a statement on the Yahoo site. "While we work to improve it, we've temporarily disabled the ability to turn on Mail Forwarding for new forwarding addresses."
Salesforce Ponies Up $340M Cash for Krux Data Management
October 4, 2016
Salesforce has agreed to acquire its Marketing Cloud partner Krux, which offers a data management platform. Salesforce will pay $340 million in cash and issue between 3.4 million and six million shares of common stock to consummate the deal, according to documentation filed with the U.S. Securities and Exchange Commission on Monday. That's worth an estimated $700 million in all.
GE, Bosch Combine Resources to Bolster IoT
September 30, 2016
GE and Bosch Software Innovations have partnered to jump-start the development of an open source Internet of Things platform. Open source will encourage greater interoperability and application development, the companies said. Both firms have sought help from the Eclipse Foundation to speed up the process. The companies will create a core IoT stack comprised of open source software.
Apple Steers Its Car Project All Over the Map
September 29, 2016
McLaren Technology Group, which manufactures Formula One and luxury supercars, has denied rumors that it was engaging in discussions with Apple regarding a possible purchase or strategic investment. Apple has been pursing a highly secretive project to develop its own venture in the electric and autonomous vehicle space, and it reportedly has entered negotiations with McLaren on a potential deal.
Adobe Leaps From AWS to Microsoft's Cloud
September 28, 2016
Microsoft has announced a series of major enhancements to its enterprise cloud platform, as well as a new strategic partnership with Adobe, advancing its drive to attract new business from core competitors like Salesforce and Amazon. Microsoft has entered a strategic partnership to make Azure the preferred cloud platform for the Adobe Marketing Cloud, Adobe Creative Cloud and Adobe Document Cloud.
Hack of Half a Billion Records Takes Shine Off Yahoo's Data Trove
September 23, 2016
Yahoo on Thursday disclosed that a data breach in late 2014 resulted in the theft of information from at least 500 million customer accounts. It appears that state-sponsored hackers carried out the attack, the company said. Account information compromised includes names, email addresses, telephone numbers, dates of birth, hashed passwords, and security questions and answers.
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Very worried -- I've taken steps to protect myself.
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The tech industry is doing a good job protecting me.