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Posts Tagged ‘M&A’

Xerox tells HP it will bring takeover bid directly to shareholders

Xerox fired the latest volley in the Xerox -HP merger letter wars today. Xerox CEO John Visentin wrote to the HP board that his company planned to take its $33.5 billion offer directly to HP shareholders. He began his letter with a tone befitting a hostile takeover attempt, stating that their refusal to negotiate defied ...

Camp Grounded Digital Detox returns after founder’s death

Summer camp for adults and beloved tech-free weekend getaway Camp Grounded ground to a halt in 2017. Its big-hearted founder, Levi Felix, who’d espoused the joys of trading screens for nature walks, was tragically killed by brain cancer at just age 32. Left in his wake was a mourning community that had lost their digital ...

Google acquires CloudSimple

Just a few months back, Google announced a partnership with a company called CloudSimple to help more enterprise teams move their on-site operations to the cloud. Now Google is outright acquiring them. So what is CloudSimple? It lets businesses run VMware vSphere workloads on the cloud, allowing them to take their existing on-premises tools and ...

OpenText buys data security firm Carbonite for $1.42B

Carbonite has agreed to a $1.42 billion purchase by OpenText, an enterprise information management giant, ending weeks of speculation about the anticipated buyout. The deal marks a 78% premium on Carbonite’s share price on September 5, when it was first rumored the company was preparing to buy the backup and data recovery company. Carbonite said ...

HP confirms it has received a proposal from Xerox about being acquired

Rumors have been flying today about Xerox possibly buying HP Inc., the printer and computer company. The company issued a public statement this afternoon confirming that there are talks ongoing, and that it will do whatever is in the best interest of shareholders. The Wall Street Journal got things rolling earlier today when it published ...

FCC approves T-Mobile/Sprint merger despite serious concerns

The FCC has given its stamp of approval to T-Mobile and Sprint's proposed merger, saying the deal will "enhance competition" and hasten 5G deployment. Those opposed say the merger defies common sense, creating a triumvirate of mobile giants that will "divide up the market, increase prices, and compete only for the most lucrative customers." ...

Sumo Logic acquires JASK to fill security operations gap

Sumo Logic, a mature security event management startup with a valuation over $1 billion, announced today that it has acquired JASK, a security operations startup that raised almost $40 million. The companies did not share the terms of the deal. Sumo’s CEO Ramin Sayer, says that the combined companies give customers a complete security solution. ...

Google’s Fitbit purchase could reshape its healthcare ambitions

Google has reached into parent company Alphabet’s $121 billion cash reserves to spend $2.1 billion on Fitbit, a move into the key consumer health market that places them in more direct competition with rival Apple. For more than a year, Ftibit and Google have partnered on healthcare applications; last April, Fitbit announced that it would ...

New Relic snags early stage serverless monitoring startup IOpipe

As we move from a world dominated by virtual machines to one of serverless, it changes the nature of monitoring, and vendors like New Relic certainly recognize that. This morning the company announced it was acquiring IOpipe, an early-stage Seattle serverless monitoring startup to help beef up its serverless monitoring chops. Terms of the deal ...

Microsoft acquires Mover to help with Microsoft 365 cloud migration

Microsoft wants to make it as easy as possible to migrate to Microsoft 365, and today the company announced it had purchased a Canadian startup called Mover to help. The companies did not reveal the acquisition price. Microsoft 365 is the company’s bundle that includes Office 365, Microsoft Teams, security tools and workflow. The idea ...