Tag Archives: acquire

Belkin acquires Linksys, plans to continue marketing products under both brands

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Belkin acquires Linksys, plans to continue marketing products under both brands

Linksys and Cisco are no longer one. The enterprise infrastructure giant, which acquired the home networking line in 2003, has officially passed the baton to Belkin. Under the new arrangement, Linksys devices and services, such as routers and Smart WiFi products, will fall under the Belkin umbrella. CEO Chet Pipkin announced plans to maintain both brands, adding that Linksys "will continue to exist and evolve to include even richer user experiences and network management functionality." Going forward, teams from both Linksys and Belkin may work together to create certain products, so we might begin to see new innovations that wouldn't have been possible otherwise. Consumers are unlikely to experience any hiccups during the transition -- the Linksys website will remain intact and support services will be available as always. Hit up the press release after the break for a few more details surrounding the acquisition.

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Nokia Siemens Networks hands business support division to Redknee, reaffirms focus on mobile broadband

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Nokia Siemens Networks hands business support division to Redknee, reaffirms focus on mobile broadband

There aren't too many surefire ways to get oneself focused in the business world, but completely detaching a corporation from a business division ain't a bad tactic. Just two days after Nokia Siemens Networks announced that it'd be selling off its optical business in order to focus on LTE, the firm has relinquished absolute control over yet another division. Dubbed a "planned acquisition" by Redknee CEO Lucas Skoczkowski, his company will be taking ownership of NSN's Business Support Systems. For Nokia Siemens Networks, it means 1,200 fewer employees to handle (they'll be moving to Redknee, not fired), and who knows how many saved headaches.

The division is presently responsible for providing "real-time charging, rating, policy, and customer care solutions to more than 130 communication service providers, including half of the top 100 global mobile operators." In other words, precisely the type of baggage you'd hope to drop if looking to "focus on mobile broadband," as stated by NSN CEO Rajeev Suri. Nothing like a little spring cleaning in December, huh?

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Via: ComputerWorld

Source: Nokia Siemens Networks

Intel acquires ZiiLabs from Creative Technology for $50 million

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DNP Intel gets cozy with Ziilabs for $50m

Intel has signed a $50 million deal with Creative Technology to acquire ZiiLabs, a UK-based subsidiary responsible for Android-optimized chip designs like the ZMS-40 and the ZMS-20. Of that $50 million, $30m will be for asset sales and engineering resources while the remainder will be for patent licensing in regards to ZiiLabs GPU technology, which might indicate a move away from PowerVR. We're not sure if this means Creative will soldier on with OEM-focused devices like the HanZPad, but at least now it'll have more money in the bank to explore alternative endeavors.

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Source: The Inquirer, CNET Asia

WSJ: Google set to acquire Frommer’s from Wiley, add trusted travel reviews

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WSJ Google set to acquire Frommer's from Wiley, add trusted travel reviewsJust one year after its Zagat acquisition, Google has made a move on another trusted lifestyle brand. John Wiley & Sons Inc., the current owner of the Frommer's network of travel sites and guide books, confirmed the Mountain View acquisition, with a closing expected shortly. According to The Wall Street Journal, Google hasn't made a call concerning Frommer's printed guidebooks, which don't necessarily fall in line with the company's otherwise online-only model. It's also unclear whether or not the new content arm will fall under Zagat's leadership, though a department executive did comment on the acquisition in an interview, saying that Google planned to keep Frommer's on its current path for the time being. Neither company was able to confirm pricing for the buyout, which could help Google boost its reviews portfolio, backing user-submitted travel content with professional credibility. Full details are at the source link below.

Update: As it turns out, Google will reportedly be keeping the print staff on board, moving the team to its NYC offices. Online editors are less fortunate, however, with layoffs having already begun.

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WSJ: Google set to acquire Frommer's from Wiley, add trusted travel reviews originally appeared on Engadget on Mon, 13 Aug 2012 11:48:00 EDT. Please see our terms for use of feeds.

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Green Automotive to acquire Land Rover-converter Liberty Electric for $17 million

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Green Automotive to acquire Land Roverconverter Liberty Electric for $17 million

Liberty Electric Cars hasn't cropper up on our radar too much in recent years, but it looks like it has been on Green Automotive's. It recently announced that it's acquiring the UK-based company, which specializes in converting Land Rovers to electric vehicles, for $17 million in an all-stock deal. In a statement, Liberty Electric CEO Ian Hobday said that the acquisition wouldn't affect the company's business in Europe or its management structure, adding that the deal "provides us with a huge opportunity to expand in America," as well as the ability invest further in R&D and bring new products to market. Exactly when we can expect to see that expansion into the US isn't clear, but it will presumably have some company from Green Automotive's own EVs when it does make the move.

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Green Automotive to acquire Land Rover-converter Liberty Electric for $17 million originally appeared on Engadget on Wed, 11 Jul 2012 04:28:00 EDT. Please see our terms for use of feeds.

Permalink Autoblog Green  |  sourceLiberty Electric Cars  | Email this | Comments

Facebook likes Karma app, buys the whole darn thing

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Facebook likes Karma app, buys the whole darn thingWhat does one do after generating billions from an initial public stock offering? Go shopping, of course. After falling short of expectations following its somewhat helter-skelter IPO debut, Facebook simply shook off the whole thing and acquired itself some good Karma. No, we're not talking about that Karma. Instead, Facebook purchased the startup responsible for the Karma social gifting app. The move was apparently made to bolster Facebook's mobile chops -- an area the company considers ripe for opportunity. Just recently, Facebook also acquired mobile stalwart Instagram and the Lightbox team, for example. As for its newest purchase, Karma will be allowed to "continue to operate in full force" despite its recent status change, according to a blog post by co-founders Lee Linden and Ben Lewis. Details weren't disclosed about how much the deal was worth but judging from celebratory nature of their post, it doesn't look like Linden and Lewis will "Unlike" the agreement any time soon.

Facebook likes Karma app, buys the whole darn thing originally appeared on Engadget on Sat, 19 May 2012 16:38:00 EDT. Please see our terms for use of feeds.

Permalink Fast Company  |  sourceKarma Official Blog  | Email this | Comments

Facebook to buy Instagram

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How's this for some big news on an otherwise slow Monday? Facebook CEO Mark Zuckerberg has let slip that his company plans to buy popular photo-sharing app Instagram (pending all of the standard regulatory approvals, naturally). According to a report from All Things D's Kara Swisher, Facebook will pick up the social app, which got its own long-awaited Android version, for a cool $1 billion in cash and shares. Ole Zuck confirmed the news on his personal blog, adding that the deal won't affect Instagram's integration with competing social networks:
We think the fact that Instagram is connected to other services beyond Facebook is an important part of the experience. We plan on keeping features like the ability to post to other social networks, the ability to not share your Instagrams on Facebook if you want, and the ability to have followers and follow people separately from your friends on Facebook.
Instagram CEO Kevin Systrom confirmed via his site's blog that the service, "is not going away," adding, "The Instagram app will still be the same one you know and love." Check out some PR on the subject after the break.

Continue reading Facebook to buy Instagram

Facebook to buy Instagram originally appeared on Engadget on Mon, 09 Apr 2012 13:05:00 EDT. Please see our terms for use of feeds.

Permalink All Things D  |  sourceFacebook, Instagram  | Email this | Comments