Mergers and Acquisitions
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IBM Confirms Acquisition Of UStream, Forms New Cloud Video Unit
IBM confirmed that it has acquired video conferencing service UStream this morning. With several cloud video acquisitions in tow, the company also announced it was forming a new cloud video services unit.
Fortune first reported the UStream purchase and reports peg the purchase price at $130 million. IBM would not confirm that amount.
The new unit will be comprised of four acquisitions… Read More
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IBM Scoops Up IRIS Analytics Fraud Detection Firm
Anyone who has a credit card has probably experienced some sort of fraud over the last few years. I personally have had it happen several times and I am by no means unique. Today IBM purchased IRIS Analytics, a firm that helps banks detect fraudulent use of credit cards using machine intelligence. The company has been considering a product like this for some time, Bob Griffin, general manager… Read More
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Google SEC Paperwork Reveals It Paid Over $380 Million For Bebop
At the end of November, Google announced it was buying bebop, a cloud platform startup founded by former VMware CEO and co-founder Diane Greene. Today, the company filed paperwork with the SEC revealing the purchase price: $380,241,352 to be precise. In addition, the paperwork revealed that Greene’s portion of the sale, 7,244,150 shares of bebop stock was exchanged for 200,729 shares… Read More
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If At First Your Acqui-Hire Sucks, Try Again
It took back-to-back acqui-hires for me to learn there’s a right way and a wrong way to do them. We had made it. Despite running low on money and having little traction, my company was acqui-hired by Yahoo in October of 2013. I was thrilled to have a large salary at a well-respected company. Seventeen months later, I was laid off. Read More
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Plot Thickens In Dell-EMC Deal As VMware Announces It’s Walking Away From Virtustream Deal With EMC
Ah, nothing goes easy with that $67 billion Dell-EMC deal, does it? Today the plot thickened a bit more when VMware announced in a filing with the SEC that it was walking away from the agreement with EMC to form Virtustream as a jointly owned company. Re/code first reported this news. This whole deal has from the start been a fairly complex tale, and like the movie Groundhog Day, one we… Read More
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Dell Could Be Shopping Some Assets To Help Relieve EMC Deal Debt Load
Since Dell announced its intention to buy EMC for $67 billion in October, there has been a lot of speculation about how the company was going to pay off the massive $40 billion debt it used to finance the deal. I wrote about some of the EMC assets Dell might consider selling to help offset the huge obligation. Other rumors have had the company selling off its PC business to HP, but it turns… Read More
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Dell-EMC Deal Facing Issues On Multiple Fronts
When the news broke in early October that Dell was planning on buying EMC for a whopping $67 billion, more than a few jaws dropped (including mine), but in the weeks since, reports have surfaced about multiple problems from tax issues to VMware’s plunging stock price and the post-deal creation of Virtustream. It’s too soon to say the deal is in jeopardy, but there are enough… Read More
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Where Are All The Enterprise Tech Buyers?
Enormous tech M&A deals have been announced recently: EMC/Dell, WDC/SanDisk, Lam-Research/KLC-Tencor. These follow a very busy year of large tech M&A, with Avago/Broadcom, Nokia/Alcatel-Lucent and Intel/Altera. This year is shaping up to be a record one for M&A activity across all industries. However, with the large number of multi-billion dollar mergers, there is a nagging… Read More
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Docker Fills Big Hole With Tutum Acquisition
Docker announced today that it was purchasing Tutum, a cloud service focused on deploying and managing Docker containers in any environment, whether the cloud or on-premises. The company did not disclose the purchase price. Docker has always emphasized building, shipping and running containers — those discrete programming building blocks sometimes called micro-services. With… Read More
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Dell Buys EMC For $67B In Largest Deal In Tech History
In the largest tech deal in history by far*, Dell and partners MSD Partners and Silver Lake agreed to buy EMC today for $67 billion or $33.15 a share.
This is way over the $27 price being rumored last week, and makes the deal far larger than the $37 billion that Avago paid for Broadcom just last May.
What makes this deal even more interesting is that Dell, with a valuation of around $25… Read More
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