News tagged: Acquisition
EA has picked up Respawn Entertainment, developer of the Titanfall series. It's acquiring the developer in a deal worth over $400 million. They've worked together in the past, with EA publishing both of Respawn's Titanfall games. Some projects are already underway.
To appease regulators, AT&T could have to drop some of its major assets if it wants to move forward with its acquisition of Time Warner. Sources claim the Department of Justice (DOJ) isn't immediately giving its approval. It wants one of the companies to sell a major asset.
Tesla has acquired Perbix, a longtime supplier that's based its manufacturing operations around automated systems. The purchase will help Tesla boost its own manufacturing capabilities, specifically those utilizing robots. Tesla is focused on heavily automated production.
Broadcom, a wireless chip maker, is officially offering $130 billion for Qualcomm. The deal would be the largest tech acquisition in history, but Broadcom is going to face a difficult negotiation period and likely fights with regulators. Its offer is a 30% premium.
Qualcomm is a well-known company that makes chipsets and modems for mobile devices. It is mostly known for its Snapdragon lineup, but lately the company is dealing with a legal battle against Apple. Regardless of that, the company might be acquired by Broadcom, a wireless
Amazon has unexpectedly announced the closure of its Fresh grocery delivery service in parts of five states: New Jersey, Pennsylvania, Delaware, Maryland, and California. Certain customers in those regions received an email from the company revealing Fresh would cease operations.
Slack has rolled out an upgrade for its screen sharing tool that now lets people mark up and edit items on other people's screens. You'll also have access to another computer's scroll function, all of which is meant to make interactive projects easier to finish.
Tesla is laying off a large number of employees who joined the company when it acquired SolarCity. It recently got rid of hundreds in its main vehicle division and now it's also laying off 200 solar employees for a couple reasons. It said it'd be laying off workers last month.
Snap revealed earlier this month that it had sold over 150,000 Spectacles, surpassing the company's goal. While that figure is high, it seems Snap actually anticipated a larger number of sales. The Information reports the company has "hundreds of thousands" of unsold pairs.
Razer is continuing its expansion beyond pure gaming products with a smartphone, which will be revealed on November 1. The company is now teasing the upcoming unveil event. It shared an image of someone holding a device that appears to be a mobile phone.
With T-Mobile and Sprint reportedly close to reaching a merger deal, multiple US senators have written a letter calling for an investigation into the merger. Their letter to the FCC and DOJ calls for an investigation to begin now so that it can be thoroughly investigated.
Since the acquisition of Nextbit, Razer has confirmed several times that it is working on a gaming-focused smartphone. Not much has been revealed about the phone since the company has kept a very tight lid on the device, but the smartphone has now been teased by the company's CEO
A deal from a Bain Capital-led group to acquire Toshiba's chip business for $18 billion was approved by the Toshiba board earlier this month and now the deal is officially moving forward. Bain Capital worked with other companies, including Apple, to secure the funds.
The popular video-sharing service has decided to expand its service to other segments and has now announced that it has acquired Livestream, also very popular live stream service. Not only did Vimeo announced the acquisition of Livestream, but it has also announced its own
Shortly after Imagination Technologies announced new GPUs and a standalone neural network accelerator, the company has confirmed that it will be acquired by CBFI Investment Limited, a wholly-owned subsidiary of funds managed by Canyon Bridge Capital Partners.
It was obvious that at some point, HTC would have to sell its smartphone business and the first buyer in the line was Google. The two companies have now announced that they have reached a deal and that Google would pay $1.1 billion in cash to acquire the smartphone division from
Toshiba's board of directors has approved an $18.9 billion acquisition of the company's memory chip business, says the Financial Times. Bain Capital, a private equity group, is leading the deal with the help of funds from a range of other big players.
Sources within HTC have revealed the company is preparing for an important employee meeting tomorrow. As we've heard throughout September, HTC could be about to announce a takeover by Google. This possibility is supported by the company suspending trading.
Citing national security, the Trump administration blocked a Chinese company's attempted acquisition of Lattice Semiconductor. The investment company involved in the attempted takeover is owned by the Chinese government. Lattice tried to advocate for the deal.
Verizon is shifting its focus away from acquiring cable companies and towards growing its own fiber network. The company announced on Thursday that although Verizon has considered picking up companies in the past, that's not where it is planning to put its resources.