Whoa! A Tech Acquisition!

The first high-profile tech acquisition in months took place Thursday, but don’t take that as a harbinger of more deals.

Autonomy, a U.K. company that makes software that businesses use to track corporate information, acquired Interwoven (IWOV), a San Jose, Calif., document-management company, for $775 million in cash. Autonomy will sell some stock and tap a new line of credit in order to finance the deal.

The tech M&A world has been quiet for the last few months as companies adjust to the down economy. Many publicly traded tech companies have seen their market capitalizations cut in half over the last few months. Companies aren’t yet prepared to sell at such a discount, the conventional wisdom goes.

Read the rest of this post


Must-Reads from other Websites

Panos Mourdoukoutas

Why Apple Should Buy China’s Xiaomi

Paul Graham

What I Didn’t Say

Benjamin Bratton

We Need to Talk About TED

Mat Honan

I, Glasshole: My Year With Google Glass

Chris Ware

All Together Now

Corey S. Powell and Laurie Gwen Shapiro

The Sculpture on the Moon

About Voices

Along with original content and posts from across the Dow Jones network, this section of AllThingsD includes Must-Reads From Other Websites — pieces we’ve read, discussions we’ve followed, stuff we like. Six posts from external sites are included here each weekday, but we only run the headlines. We link to the original sites for the rest. These posts are explicitly labeled, so it’s clear that the content comes from other websites, and for clarity’s sake, all outside posts run against a pink background.

We also solicit original full-length posts and accept some unsolicited submissions.

Read more »