Liz Gannes in Social on January 20, 2011 at 10:14 am PT
With a swarm of start-up accelerators in the mold of Y Combinator all hitting the tech scene last year, it’s inevitable that some will fall by the wayside. But I/O Ventures, based in San Francisco’s Mission District, will be back for another season, co-founder Paul Bragiel tells NetworkEffect.
John Paczkowski in News on May 12, 2010 at 2:26 pm PT
Looks like SAP AG was a bit closer to buying Sybase than reports published earlier today suggested. Moments ago, the two companies announced the acquisition. Price: $5.8 billion–a bit shy of the $6 billion figure batted around earlier.
John Paczkowski in News on March 25, 2010 at 1:15 pm PT
Evidently, Oracle’s integration of Sun is coming along well. Reporting third-quarter earnings that were in line with Street estimates after market close Thursday, the company offered an enthusiastic update on its ingestion of the former Silicon Valley icon. “The Sun integration is going even better than we expected,” said Oracle President Safra Catz.
Kara Swisher in News on November 16, 2009 at 4:01 pm PT
AOL will officially be spun off from Time Warner on Dec. 9, with trading to begin the next day.
Shareholders of record at 5 pm ET on Nov. 27 will get one share of AOL for every 11 shares of Time Warner on the day of the long-expected spinoff of the Internet service.
AOL will trade on the New York Stock Exchange as “AOL,” just like the old days. Unlike the old days: Time Warner has given the company an implied valuation of a little more than $3 billion.
John Paczkowski in News on November 11, 2009 at 1:29 pm PT
Another big acquisition for Silicon Valley. Hewlett-Packard said Thursday said it would acquire networking gear outfit 3Com for $2.7 billion, or $7.90 a share. The acquisition, which has been approved by both companies’ boards, will bolster HP’s Ethernet switching offerings and, thanks to 3Com’s routing business, intensify competition with rival Cisco.
John Paczkowski in News on September 17, 2009 at 1:15 pm PT
Perhaps Palm really does have the “special sauce” needed to attain smart phone leadership, as RBC Capital Markets analyst Mike Abramsky recently claimed. Reporting first-quarter results this afternoon, the company posted a narrower-than-expected loss, said it shipped 823,000 smart phones during the quarter and announced plans for a common stock offering of 16 million shares.
John Paczkowski in News on August 5, 2009 at 6:31 am PT
Google’s acquisitive appetite has returned. This morning the company said it will acquire On2 Technologies, which develops video compression technology, for $106.5 million. A stock-for-stock transaction, the deal will see each share of On2 exchanged for 60 cents worth of Google class A common stock.
John Paczkowski in News on July 22, 2009 at 1:40 pm PT
Well, this is unexpected. Amazon has agreed to purchase online shoe retailer Zappos.com in a deal valued at about $850 million. Under its terms, the retailer will acquire all outstanding Zappos shares in exchange for roughly 10 million shares of Amazon common stock, valued at about $807 million, and some $40 million in cash and restricted stock. If the shoe fits, right?
