San Francisco: Yahoo has agreed to pay $1.1 billion to buy blogging forum Tumblr, ranking it in among the top 10 tech deals announced this year, according to research firm Dealogic. Here's a list of the top 10 tech mergers and acquisitions in 2013. Valuation is based on Dealogic's criteria and includes debt.
1. Dell Inc., to Silver Lake Management LLC (original bid), Feb. 5, 2013, $20.7 billion for 85 percent of company.
2. Dell Inc., to Icahn Enterprises LP and Southeastern Asset Management Inc. (competing bid), March 25, 2013, $18.9 billion for 87 percent of company.
3. BMC Software Inc., to Bain Capital Partners and others, May 6, 2013, $7.2 billion....
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09:35 AM, May 21, 2013
San Francisco: After falling woefully out of fashion, Yahoo wants to be cool again while catering to the capitalistic demands of its shareholders. That goal led CEO Marissa Mayer to make a $1.1 billion bet on online blogging forum Tumblr in a risky acquisition that revolves around the vision and instincts of a 26-year-old entrepreneur who dropped out of high school to pursue his dream of bringing more beauty and...
09:25 AM, May 21, 2013
San Francisco: Yahoo Inc will buy blogging service Tumblr for $1.1 billion cash, giving the Internet pioneer a much-needed social media platform to reach a younger generation of users and breathe new life into its ailing brand. The deal, announced on Monday, is a bold bet by Yahoo Chief Executive Marissa Mayer to revitalize the company by co-opting a Web property with strong visitor traffic but little revenue. The combination...
05:25 AM, May 21, 2013
San Francisco: Yahoo is buying online blogging forum Tumblr for $1.1 billion as CEO Marissa Mayer tries to rejuvenate an Internet icon that had fallen behind the times. The deal announced Monday represents Mayer's boldest move yet since she left Google 10 months ago to lead Yahoo's latest comeback attempt. It marks Yahoo's most expensive acquisition since the Sunnyvale, California, company bought Overture for $1.3 billion a decade ago. Tumblr...
05:54 PM, May 20, 2013
New Delhi: Yahoo's board has approved a deal to buy blogging and social networking site Tumblr for $1.1 billion in cash. This is new Yahoo CEO Marissa Mayer's largest deal since taking the helm of the once-iconic Internet company in July 2012. 10 facts about Tumblr: 1. 26-year-old David Karp is Tumblr's founder and CEO. 2. Tubmlr was launched in February 2007. 3. The company has 175 employees. 4. Tumblr...
07:31 AM, May 20, 2013
New York: Yahoo may be on the verge of closing its biggest acquisition during the 10-month reign of CEO Marissa Mayer as she tries to attract more traffic and advertisers to the Internet company's website and mobile applications. The Sunnyvale, Calif, company's board of directors will meet on Sunday evening to consider approving a $1.1 billion acquisition of online content-sharing site Tumblr in a deal Mayer negotiated, according to the...
11:50 PM, May 19, 2013
Google is expected to use its Google I/O annual software developers' conference to showcase the latest mobile devices running on its Android software, while also unveiling other features in its evolving product line-up. Watch the live stream of the keynote address and follow live updates here. ...
08:25 PM, May 15, 2013
May has been a month of launches for the struggling Finnish mobile phone giant. In the first 10 days of the month Nokia announced the Nokia Asha 210, Nokia Asha 501 and the Nokia Lumia 928 and today Nokia is expected to unveil a new Lumia smartphone. Will the rumours that have been doing the rounds for quite some time now turn true? Follow our live updates to know for...
01:55 PM, May 14, 2013
Dhaka: Bangladesh police on Thursday arrested the editor of the Bengali daily 'Amar Desh', a pro-opposition newspaper, on charges of sedition and inciting religious tension. Plainclothesmen picked up Mahmudur Rahman in a raid on the newspaper office at Karwan Bazar area and police said he was taken away for initial interrogation. Police said Rahman had been arrested on the basis of evidence obtained after investigations on various charges including cyber...
06:31 PM, Apr 11, 2013
Facebook is unveiling what it calls its 'new home on Android' at an event at the company's Menlo Park, California, headquarters. Live updates. ...
10:27 PM, Apr 04, 2013
Bangladesh Prime Minister Sheikh Hasina on Sunday pledged stern action against people found guilty of defaming Islam using the internet as right-wing Islamic parties threatened to wage an intensified street campaign against "atheist bloggers". "You (Islamic parties) do not need to go for any movement. As a Muslim, I have the responsibility to take action," Hasina said at a party meeting of her ruling Awami League, this evening. ...
02:30 AM, Apr 01, 2013
Saudi Arabia may try to end anonymity for Twitter users in the country by limiting access to the site to people who register their identification documents, the Arab News daily reported on Saturday. ...
03:32 PM, Mar 30, 2013
Exactly seven years ago, on March 21, 2006, Jack Dorsey, co-founder of Twitter, posted the first ever tweet. ...
05:42 PM, Mar 21, 2013
Watch the live stream and follow our live blog to be the first to know about the Samsung Galaxy S IV. ...
04:23 AM, Mar 15, 2013
Watch the live stream and follow realtime updates on our live blog on the papal conclave. ...
03:19 PM, Mar 12, 2013
This is Facebook's second high-profile product event this year, following the rollout of its social search feature in January. ...
09:39 PM, Mar 07, 2013
This is Facebook's second high-profile product event this year, following the rollout of its social search feature in January. ...
07:54 PM, Mar 07, 2013
Protesters clashed with police for the second day on Friday as the death toll rose to at least 44 from violence triggered by a death sentence given to an Islamic party leader for crimes linked to Bangladesh's 1971 independence war, police said. ...
08:00 AM, Mar 02, 2013
Realtime updates, analysis and reactions on the assembly election results in three North Eastern states of Meghalaya, Nagaland and Tripura. ...
11:03 AM, Feb 28, 2013
Follow live updates from the Finance Minister's budget speech and analysis and reactions from experts and common people on our live blog. ...
10:59 AM, Feb 28, 2013
