Will HP Steal Sybase From SAP?

Is SAP paying too much for Sybase? Some have argued that $65 per share in cash–56 percent above Sybase’s Tuesday closing price–is a bit dear for a company whose stock hasn’t really topped $50 since the mid-’90s. But SAP likely has a very good reason for offering it: Preempting a rival bid from Hewlett-Packard, which, according to Cowen analyst Peter Goldmacher, can’t afford not to buy Sybase.

Who Got the Loot? How YouTube Split Up Google’s Billions.

Google’s $1.65 billion purchase of YouTube is perhaps the best-known transaction of the Web 2.0 era. Most of the money, $1.3 billion, went to three co-founders and two investors. Here’s a breakdown of who got what.

Big Apple

Sprint Nextel Silences iPCS

Wireless company iPCS is a legal thorn in Sprint’s side no longer. This morning, Sprint said it would acquire its litigious affiliate for $831 million, including the assumption of $405 million of net debt.
acquisitions

Cisco Swallows Starent

Starent to Cisco: Hey, Big Spender

Cisco CEO John Chambers wasn’t kidding when he said we’d see the company move into a number of new markets via acquisition over the next year. Earlier this year, Cisco acquired Pure Digital, developer of the Flip video camera, for $590 million. Two weeks ago it spent $3 billion on video-conferencing system maker Tandberg. And now it’s purchasing mobile infrastructure outfit Starent Networks for $2.9 billion, or $35 a share.
acquisitions

Cisco Snags Tandberg for $3 Billion

It’s merger mania in the tech industry. First Dell buys Perot Systems for $3.9 billion. Then Xerox purchases Affiliated Computer Services for $6.4 billion. Now Cisco is acquiring Tandberg for nearly $3 billion in cash.
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For Sale: 20 Million Palm Shares at $16.25 Apiece

Palm this morning put a price on its public offering of 20 million common shares: $16.25 a piece. That’s nearly five percent less than Tuesday’s closing price of $17.07, but enough to generate about $313.1 million.
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Dell Buys Perot

Measure This: Adobe Buys Web Traffic-Counter Omniture for $1.8 Billion

What do you do if you’ve got a grip on the Web/design software market? Expand into the Web measurement business, apparently. Adobe, whose Photoshop and Acrobat software offerings dominate the Web publishing business, will pay $1.8 billion to acquire Omniture, whose Web traffic measurement software is that industry’s standard.