Wed, 29/09/2010 - 18:33 by Anter Prakash Singh
AOL, which was once a leading internet group, is looking for a revival as an online content company. The company announced on Tuesday that it had acquired TechCrunch, a leading technical blog founded by Michael Arrington. AOL CEO Tim Armstrong and TechCrunch founder Michael Arrington made the announcement of the acquisition on stage at a TechCrunch conference in San Francisco.
Thu, 02/09/2010 - 12:20 by Jamie Anderson
The king has bowed down due to the lackluster financial performance in recent times.
Tue, 20/07/2010 - 23:28 by Motley Fool
Together, we are all trying to build our fortune by finding well-run companies at bargain-basement prices. But it takes work -- scouring company earnings reports, scrutinizing key data, and assessing the competition.
Mon, 14/06/2010 - 11:43 by Manmeet kaur
Cablevision Systems Corp., the nation's fifth largest cable operator that offers high speed internet connection agreed to pay more than $1.36 billion for Bresnan Communications, a cable services operator whose owners include the private equity firm Providence Equity Partners.
Thu, 10/06/2010 - 17:57 by Anupreet Kaur
Pitney Bowes MapInfo UK Limited intends to acquire outstanding shares of Portrait Software plc for £44.4 million(£0.31 per outstanding share) in cash.
Pitney Bowes MapInfo UK Limited is a wholly owned subsidiary of Pitney Bowes Inc. (NYSE: PBI) while Portrait Software plc is a company that provides software to enhance existing customer relationship managementsystems.
Murray Martin, Pitney Bowes Chairman, President and CEO, said, “We are delighted to have reached agreement with the Board of Portrait Software on this recommended transaction.”
“Pitney Bowes's scale and broad geographic footprint will open up new markets for Portrait Software's products and will provide a platform from which to achieve growth in the future,” he added.
Thu, 10/06/2010 - 17:31 by Jaspreet Virk
Old Republic International Corporation (NYSE: ORI) ("Old Republic"), one of the top publicly held insurance organization, and PMA Capital Corporation, leading workers' compensation insurers in the U.S. announced merger agreement Friday.
Announcing the merger, Vincent Donnelly, President and CEO, stated, "We expect that this transaction will enable our shareholders to realize greater long-term value than if we continued to operate as a stand-alone entity."
As a part of the agreement, Old Republic will takeover all of PMA's outstanding common stock. For each outstanding common share of PMA, Old Republic will be offering 0.55 shares of Old Republic common stock in exchange.
The deal values PMA at approximately $365 million, consisting of $228 million for PMA common shares and $137 million for its debt.
Mon, 31/05/2010 - 13:06 by Anupreet Kaur
After receiving consortium offer, Australian based company, Healthscope, received two new takeover offers, valuing the company at A$1.84 billion ($1.56 billion), on Friday May 28, after closing of trade.
Wed, 26/05/2010 - 12:49 by Alex Dumortier
The tech industry's mergers-and-acquistion boom has begun. So far in May, tech companies worldwide have announced a total of $16.1 billion in buyout deals. Now, the CEOs of two of the industry's largest, most acquisitive companies have detailed their growth strategies -- and helped me zero in on two potential targets for their next takeovers.
Fri, 21/05/2010 - 14:32 by Anupreet Kaur
Tesla Motors, headquartered at Palio Alto, California, and Toyota Motors Corporation, the Japanese auto giant, entered into a deal where Toyota would acquire $50 million stake in Tesla Motors.
Tue, 04/05/2010 - 18:06 by Jamie Anderson
The venture capital arm of Internet search behemoth Google Inc. (GOOG.O) has achieved quite a bit in a short time. Since its inception last year, the arm has invested millions in 10 high-tech companies, including an investment in mobile payment technology company Corduro Inc.