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Articles tagged with: buyout

Intels Buys Fulcrum Microsystems To Boost Networking

Intel is acquiring Fulcrum Microsystems (a networking chip company) for an unknown amount of money. The buyout is expected to be the result of Intel’s efforts to boost current network offerings.

Fulcrum was founded in 1999 and they currently design Ethernet switches that are used in data centers. Fulcrum’s 10GB Ethernet and 40GB Ethernet switch products are expected to work well with Intel processors and Ethernet controller offerings.

Twitter Acquires Social Startup, Backtype

Twitter announced today that it has acquired a San Francisco startup called Backtype. The company helps publishers measure the impact of their social media use, and although the deal is quite interesting, financial details were not mentioned.

Twitter states that the acquisition would help them create tools for their publishing partners. Fortunately for BackType, they will not have to relocate further than an in-city move, as both companies are based in San Francisco.

Microsoft, Facebook & Co. Support AT&T Merge

According to tmonews, Microsoft joined with Facebook and six other tech companies in a filing to the FCC in support for the AT&T and T-Mobile merger. Of those who support the acquisition include Yahoo, Oracle, Research In Motion, and VC firms Kleiner Perkins, Caufield & Byers, and Sequoia Partners.

Their main reason for voting “yay” was that the acquisition would help AT&T expand their network to serve a larger portion of America. I believe that rather than having everyone’s best interest, these corporations are only looking out for themselves.

Google Acquires RSS Startup, PostRank

Google acquired PostRank yesterday. Postrank is an RSS startup, and the move proves to be a continuation of Google’s strategy to go social. PostRank basically lets users plug into any RSS feed for analysis. The system ranks feeds by the number of comments, inbound links, Twitter shares, Facebook shares, and other social cues.

Analysts are guessing that the PostRank technology will be implemented into Google Analytics, but it is unsure what exactly Google plans to do with the recent buy.

DISH Network Offers 3 Mo. Free Blockbuster

The well known satellite television operator, Dish Network has just announced that it will be giving new customers three months of Blockbuster by Mail, after the television giant purchased Blockbuster for $320 million. Dish will be making the offer at is competes with DirecTV and cable operators one one hand and Internet streaming services like Netflix on the other.

New customers will have access to over 100,000 movies, TV shows, and games with new titles arriving 28 days before they arrive on Netflix or the kiosk rental system, Redbox. How do you think Blockbuster execs felt after hearing that the company that bought them will be offering three months of free rentals.

AT&T Systematically Overcharges Millions Of Users

So we all know that AT&T charges hefty prices in addition to offering poor call coverage, and very small data plan packages. Well it looks like this company just got even darker, and I really, really, hope this T-Mobile acquisition doesn’t go through. A class action lawsuit has been filed against AT&T for systematically overcharging customers on data usage. After running some experimental tests, the lawyers behind the lawsuit claim that every transaction has resulted in an over charge.

Senators Throwing Punches At AT&T

Sprint isn’t the only one who opposes the AT&T merge with T-Mobile. A few U.S. senators have also spoken up against the deal. Although AT&T spins the deal as one that will help customers nationwide with coverage, a few senators question the spin off. Senator Al Franken from Minnesota stated that the acquisition would allow AT&T to raise prices and cut thousands of jobs. Senator Herb Kohl from Wisconsin also claimed that the merger would give AT&T a 43% share of the U.S. mobile market. AT&T and Verizon would share about 80% of the market if the deal went through, he said.

Nvidia Swallows Icera For $367M

We have just heard that Nvidia has swallowed Icera for $367 million dollars. This move gets Nvidia’s foot in the door for baseband and radio chips, leaving some to guess that perhaps Nvidia is thinking of making its own phone. With the Icera acquisition, Nvidia will now be able to combine high-end processors, with cell phone communications.

Nvidia believes that Icera can help it double its revenue from each mobile device.

Apple Takes Another Step In Cloud Direction

After our recent blog about Apple’s upcoming cloud service, we have new information that Apple has made a purchase in the Cloud industry. Apple has purchased iCloud for $4.5 million which could be an excellent foreshadowing of future success. Although it has not been officially confirmed by Apple, GigaOM reports that Xcerion may have sold the iCloud.com domain.

Gree Acquires OpenFeint For $104M- Brings User Base To 100M

OpenFeint is the largest mobile social gaming network in the United States and carries 75 million users (both Android and iOS). The service, although very popular, will be managed under new hands. Japanese social gaming leader Gree, has acquired OpenFeint, bringing its total user count to 100 million users.

Gree invested $104 million in this purchase, not including the money it plans to spend on improving OpenFeint. Gree hopes to improve OpenFeint’s “ecosystem” by going global. Fans of OpenFeint will be pleased to hear that the OpenFeint team will remain intact as Gree will be hiring the current employees, including the CEO and founder, Jason Citron.