Posts Tagged: acquisition

Skype has announced it has entered into a definitive agreement to acquire Qik, a provider of mobile video software and services. Qik has 60 employees, and is headquartered in Redwood City, California and has an office in Moscow, Russia. The transaction is expected to close in January 2011. The companies informed that terms of the acquisition will not be disclosed.

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Although a week ago Palm’s CEO Jon Rubinstein still believed that “Palm can survive as an independent company” (FT), Palm was already up for sale and it was pretty obvious they would quickly find a buyer.

And they did. The company announced that it has entered into a definitive agreement with HP, under which HP will purchase Palm at an enterprise value of approximately $1.2 billion.

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Compuware, software and consulting provider, announced it has completed its acquisition of Gomez, one of the two major forces in web application monitoring services that has a leading SaaS solution for desktop/laptop web application monitoring.

“This is a very interesting and potentially game changing move in both the end user experience monitoring and the application performance management (APM) markets,” Jean-Pierre Garbani wrote on the Forrester Blog for Vendor Strategy Professionals.

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The bidding war for Data Domain stepped up this week after NetApp raised the stakes with rival EMC by making a new cash and stock offer of USD $1.9 billion.
This came two days after EMC’s offer of USD $30 per share in a deal worth about USD $1.8 billion – around 20 per cent over the original USD $1.5 billion offered last month by NetApp.

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