Acquisitions

  • Defence Ministry scraps Rs 6,000 crore deal to buy 197 Light Utility Helicopters 4 days ago

    New Delhi: The Defence Ministry on Friday scrapped a Rs 6,000 crore deal to procure 197 Light Utility Helicopters. The deal got stuck after AgustaWestland, which was one of the participants, came under investigation in the VVIP chopper deal. The decision was taken at a meeting of the Defence Acquisition Council...
  • Samsung buys US air conditioner firm Quietside in 'smart home' push August 19, 2014

    Seoul: Samsung Electronics Co Ltd said on Tuesday it had acquired U.S. air conditioner distributor Quietside LLC as part of its push to strengthen its "smart home" business. It is the South Korean firm's second such acquisition within a week after it said on Friday it had purchased SmartThings, a US-based...
  • Samsung to buy home automation startup SmartThings August 17, 2014

    Seoul: Samsung said it had reached a deal to buy a US home automation startup SmartThings, as the South Korean electronics giant aims to expand beyond the increasingly saturated smartphone market. The world's top smartphone maker said it had entered into a deal to buy the US app maker, which allows...
  • Google buys social travel app maker JetPac August 16, 2014

    Google is buying JetPac, the startup that designs social travel applications disclosed on its website on Friday, without providing details. "We'll be removing Jetpac's apps from the App Store in the coming days, and ending support for them on 9/15," stated a posting on JetPac's homepage. San Francisco-based JetPac has created a...
  • Facebook to acquire Internet security company PrivateCore August 8, 2014

    San Francisco: Facebook said on Thursday it will to acquire a company that helps protect the computers and data centers that power Internet services. Facebook did not disclose financial terms for the acquisition of PrivateCore, which was founded in 2011 and is based in Palo Alto, California. PrivateCore raised $2.25 million...
  • Apple closes Beats music acquisition August 2, 2014

    San Francisco: Apple said Friday it closed its $3 billion deal for Beats, the high-end audio equipment and streaming music service, a tie-up that could allow the iPhone maker to reach new audiences. "Today we are excited to officially welcome Beats Music and Beats Electronics to the Apple family," Apple said...
  • Defence Minister defers decision on Navy chopper deal over AgustaWestalnd links July 27, 2014

    New Delhi: The NDA government has deferred its decision on the procurement of 16 multi-role helicopters for the Indian Navy as one of the two companies in the race for the deal is linked with Finmeccannica-- the parent organisation of the scam-tainted firm AgustaWestalnd. The Defence Acquisition Council headed by Defence...
  • Facebook extends closing of WhatsApp acquisition by a year July 27, 2014

    New Delhi: Social networking giant Facebook has extended by a year the closing of its landmark $19 billion deal to acquire instant messaging app WhatsApp. The California-based firm will have to pay WhatsApp $1 billion in cash and $1 billion in stock options in case it fails to close the deal...
  • LinkedIn to buy ad tech company Bizo for $175 million July 23, 2014

    New York: LinkedIn is spending $175 million to buy Bizo, a provider of advertising technology and measurement services aimed at professionals. LinkedIn said Tuesday that it is paying 90 per cent in cash and the rest in stock for San Francisco-based Bizo. The deal is expected to close in the third...
  • Google tried buying Spotify but backed off because of whopping price tag July 23, 2014

    New York: Internet titan Google tried last year to buy streaming music service Spotify but backed off for reasons including a whopping price tag, the Wall Street Journal reported on Tuesday. The Journal cited an unnamed source as saying that Sweden-based Spotify was asking for more than $10 billion despite being...
  • States seek easier land sales in reform challenge for Modi July 16, 2014

    New Delhi: States eager to kick-start major infrastructure projects have proposed radical changes to land acquisition laws that are blamed for stalling billions of dollars' worth of roads, railways, ports and power installations. According to a confidential government paper seen by Reuters, several states want to do away with obtaining landowners'...
  • No forceful acquisition of land for industrialisation: Mamata Banerjee July 15, 2014

    Kolaghat (WB): West Bengal Chief Minister Mamata Banerjee on Tuesday once again made it clear that there would be no forceful acquisition of land for setting up industry. Speaking at a programme here in West Midnapore district, the chief minister said, "We are against forceful acquisition of land. In West Midnapore...
  • What if Google sold itself back in 1997? Larry Page and Sergey Brin share the story July 8, 2014

    Back in 1997, Google was almost acquired by Excite, one of the early Internet portals and search engines. The world would have been a very different place if the acquisition that was initially pegged at $1 million that was later brought down to $350,000. In an interview with venture capitalist Vinod...
  • Facebook buys video ad company LiveRail July 3, 2014

    San Francisco: Facebook is acquiring video advertising company LiveRail in the Internet social network's latest step to make video ads a bigger part of its business. Facebook did not disclose a price for the San Francisco-based company, which was founded in 2007 and has offices in several countries. LiveRail's technology automatically...
  • Google buys music streaming service Songza July 2, 2014

    San Francisco: Google has acquired streaming music service Songza, the Internet search company's latest move to play a bigger role in the fast-growing online music business. Google said on Tuesday it would explore ways to incorporate aspects of Songza into its existing streaming music service over the coming months. For...
  • Twitter buys mobile ad firm Tap Commerce July 1, 2014

    San Francisco: Twitter announced Monday that it has cut a deal to buy mobile ad firm Tap Commerce to bolster money-making tools at the popular one-to-many messaging service. San Francisco-based Twitter did not disclose how much it paid for Tap Commerce, which is located in New York City, but technology news...
  • Oracle to buy Micros Systems for about $5.3 billion June 24, 2014

    Redwood Shores: Software maker Oracle is buying Micros Systems Inc., which provides software and hardware to the hospitality and retail industries, for about $5.3 billion. Oracle Corp. said Monday that it will pay $68 per Micros share, a 3 percent premium to the company's $65.77 Friday closing price. Shares of Micros gained...
  • Google's Nest to buy home-monitoring camera startup Dropcam for $555 million: Report June 21, 2014

    Dropcam, the home-monitoring camera startup, will be bought by Google's Nest Labs for about $555 million in cash, a technology news website reported on Friday. The deal was signed on Friday and is yet to close, according to the report by Recode.net. Nest confirmed the acquisition in a blog post on Friday,...
  • Twitter buys SnappyTV to beef up video sharing on social media June 20, 2014

    New York: Twitter said Thursday it has bought SnappyTV, a California firm that lets people edit and share clips from TV broadcasts. Terms of the deal were not disclosed. SnappyTV, launched in 2010, has been collaborating with Twitter to "inject the best video content into Twitter's real-time conversation, straight from the TV...
  • SanDisk buys storage rival Fusion-io for $1.6 billion June 17, 2014

    New York: US computer storage company SanDisk said Monday it was buying flash memory firm Fusion-io for $1.6 billion. The deal will help SanDisk, a maker of memory cards used for computers, smartphones and other devices, to boost its flash memory capacity it Fusion-io, which provides a wide array of products...
  • Nokia to buy smart data firm Medio Systems for its map business June 12, 2014

    Helsinki:Finland's Nokia on Thursday said it has agreed to buy small US company Medio Systems for its navigation unit HERE. The price of the deal, which is expected to close by end-July, was not disclosed. Seattle-based Medio has about 60 employees. Nokia said Medio's smart data technology enables it to create digital...
  • Alibaba to buy out mobile browser firm UCWeb in China's biggest internet merger June 11, 2014

    Beijing: Alibaba Group Holding Ltd will fully acquire mobile browser firm UCWeb in the biggest merger in Chinese internet history, upping the stakes in its battle with arch-rivals Tencent and Baidu. Alibaba's purchase of the one-third of UCWeb it didn't already hold emphasises the company's push to do more business on...
  • Google to buy satellite company Skybox Imaging for $500 million June 11, 2014

    San Francisco: Google said on Tuesday it is acquiring satellite company Skybox Imaging for $500 million (298.41 million pounds) in cash, the Internet company's second high-profile acquisition of an aerospace company this year. Google said that Skybox's satellites will provide images for Google's online mapping service. Google, the world's No.1 Internet...
  • Twitter acquires Namo Media June 6, 2014

    San Francisco: Twitter said on Wednesday it will acquire Namo Media, a technology firm specialising in "native advertising" for mobile devices. Terms of the deal were not disclosed, but Namo Media said in a blog post that its technology would be rolled into MoPub, the ad serving platform that Twitter purchased...
  • Jairam Ramesh hails Gopinath Munde's decision to give priority to sanitation May 28, 2014

    New Delhi: Former Rural Development Minister Jairam Ramesh on Wednesday welcomed his successor and senior BJP leader Gopinath Munde's statement that he would give priority to providing proper sanitation to every household and developing backward districts. The Congress leader, who passionately pushed the issue of sanitation during his stint in the...
  • Google may spend $30 billion in buying foreign firms May 22, 2014

    San Francisco: Google told US regulators that it could spend as much as $30 billion of its offshore cash reserves on buying foreign companies or technology rights, it emerged Wednesday. In responses to questions from the US Securities and Exchange Commission, the Internet titan said that the bulk of the money...
  • Flipkart buys online fashion retailer Myntra May 22, 2014

    New Delhi: In what is the biggest consolidation in India's e-commerce sector, homegrown e-retailer Flipkart is buying Bangalore-based online fashion store Myntra. "It's a 100 percent acquisition and going forward we have big plans in this segment," said Sachin Bansal, co-founder of Bangalore-based Flipkart. Flipkart said it would invest $100...
  • Twitter planning to buy audio-sharing site SoundCloud: Report May 20, 2014

    New Delhi: Twitter seems to be embarking on an acquisiton drive. After buying social data provider Gnip last month, Twitter, as reported by ReCode, is now planning to buy Berlin-based SoundCloud, a popular service that lets people host and share audio files on web. SoundCloud, which had 250 million users...
  • Qualcomm in talks to buy Israeli chipmaker Wilocity: Report May 11, 2014

    Jerusalem: Qualcomm Inc is in advanced talks to buy Israeli chipmaker Wilocity, financial news website TheMarker reported on Sunday. Qualcomm has proposed to acquire Wilocity, which makes fast speed chips, for around $300 million but the two sides have yet to agree to terms of all the provisions of the sale,...