Facebook To Acquire Instagram For $1 Billion
Facebook has just finished a deal to acquire Instagram. The compensation will be approximately $1 billion in cash and stock. Instagram will remain a standalone app from Facebook, but the services will have increasing ties to each other. The transaction should go through this quarter pending some standard closing procedures Last year, documents for an standalone [...]
Read MoreIntel to Purchase Infineon’s Wireless Solutions Business
Intel is buying Infineon’s Wireless Solutions Business (WLS) in a cash transaction valued at about $1.4 billion. The deal should close in the first quarter of 2011. This latest acquisition by Intel will help them expand their current WiFi and 4G WiMAX offerings to include Infineon’s 3G abilities and support Intel’s plans to accelerate LTE. [...]
Read MoreIntel Acquires McAfee for $7.68 Billion Cash
Intel Corporation is set to acquire security and antivirus company McAfee Inc. for about $7.68 billion through the purchase of all the company’s common stock at $48 per share. The deal has been approved by both boards of directors, but won’t close until “after McAfee shareholder approval, regulatory clearances, and other customary conditions specified in [...]
Read MoreNokia Sells Wireless Modem Business for $200 Million
Citing competition from Chinese companies and falling prices, Nokia has announced the sale of the wireless modem arm of its business. The business in question makes USB sticks as well as internal wireless modems for Nokia products. The buyer, Japanese company Renesas is purchasing the business for $200 million. While the sale makes Nokia richer [...]
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