Tag: buyout
-
.@HeinzKetchup_US buys @Kraft in Mega-Merger for Big Food
from washingtonpost.com: The corporate kings of sugary ketchup and processed cheese, under assault by consumers’ growing love for fresher cuisine, are making a major gamble to revive their fortunes in the face of the changing American appetite. H.J. Heinz and Kraft Foods Group, two of the most iconic names in the nation’s kitchens, said Wednesday…
-
Music Industry Optimistic About Apple-Beats Deal
from abcnews.go.com: A day after the sale of Beats By Dre on Wednesday to tech giant Apple Inc., members of the music industry were abuzz about what the $3 billion deal might mean for an area thought to be in an irreversible decline. Label executive Jimmy Iovine and business partner Dr. Dre’s move to Apple…
-
Facebook to Acquire Oculus VR for $2 Billion
from IGN.com: Facebook has announced that it will acquire Oculus VR, makers of the Oculus Rift for $2 billion. Announced today, the social networking giant will acquire the Oculus VR for $400 million in cash and 23.1 million in Facebook shares. “While the applications for virtual reality technology beyond gaming are in their nascent stages,…
-
Comcast, Time Warner Cable Agree to Merge in $45 Billion Deal
from washingtonpost.com: Comcast’s $45 billion bid for Time Warner Cable would create a cable television behemoth in an industry that has steadily increased prices for bundles of channels and services that many consumers dislike but feel forced to buy. But the merger would have far greater implications for the future of media and communications, with…
-
Google Acquires British Artificial Intelligence Developer DeepMind
from dealbook.nytimes.com: As it aims to build driverless cars and the next generation of robots, Google said on Monday that it had acquired the British artificial intelligence developer DeepMind. A Google spokesman confirmed the deal but declined to provide the transaction’s cost or more information on how Google planned to use DeepMind’s projects, which include…
-
Why @Google paid $3.2B for @Nest, a thermostat company
from computerworld.com: Google is moving into your home. On Monday, the Internet company said it was acquiring Nest, a maker of smart smoke alarms and thermostats, in a move that gives Google a strong foothold in a hot new market known as the “connected home.” The idea behind the connected home is to connect heating…
-
Google Buys DARPA-funded Robotics Firm Boston Dynamics
from truthstreammedia.com: Google has announced that it has purchased Boston Dynamics, the engineering firm which has produced all those creepy dystopian future robots for the Defense Advanced Research Projects Agency (DARPA), such as the Big Dog (a dog robot that can throw cinder blocks with an arm coming out of its head), Cheetah (the world’s…