Tagged: Acquisition

Fitbit to buy smartwatch company Pebble along with its IP

fitbit

Pebble, the smartwatch company that rose to fame with its successful Kickstarter campaign in 2012 may be on the verge of a phase out. According to reports on The Information and Financial Times, fitness industry giant Fitbit is in talks of acquiring Pebble. There is no word on the acquisition price yet, or when the two companies would go ahead with the deal, but it’s learnt that the deal could work out for a nominal amount. Read More…

Western Digital agrees to buy SanDisk for approximately $19 billion

Western Digital to acquire sandisk

For a few days now, we had been hearing of SanDisk shopping for a buyer. It’s official. Western Digital, a long time competitor, has announced that they have agreed to acquire SanDisk for approximately $19 billion in cash and stock. This acquisition would mean a boost to Western Digital’s diversification plans in fields of solid state drives (SSDs). According to Bloomberg that first reported the WD’s agreement to buy SanDisk; Western Digital would be shelling out $80 to $90 a share – reports confirm the price at $86.50 per share as SanDisk closed up 2.1% to $76.78 a share after acquisition reports. Read More…

While Lenovo strikes Motorola deal, Moto 360 gold edition accidently pops-up on Amazon

Lenovo Motorola Moto 360 gold edition

Lenovo acquires Motorola

Lenovo, the largest PC maker company in the world has acquired Motorola for $2.91bn which is almost $10bn less than what Google paid for it. The deal that was announced almost a year ago is finally complete and Lenovo will pay $660m in cash and $750m in newly issued stock while the rest of the $1.5bn will be paid off in the next three years. Google will keep majority of the patents that Motorola have acquired and around 2000 patents will go to Lenovo, the reason why Google sold it for such a nominal amount.
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Google to acquire Lift Labs, the maker of Liftware Spoon

Liftware Spoon Lift Labs Google acquisition

Google has been on a spree of acquiring technology start-ups that are either linked to intelligence systems or automation industry. Now, they have plans to acquire San Francisco-based Lift Labs, the company behind the Liftware Spoon which stabilizes hand of people suffering from Parkinson. This take-over is planned for Wednesday as Google will announce the integration of Lift Labs into the Google Life Sciences division which is a part of Google X project. It is not clear how much Google will slash out to make this deal but it is certain that the meeting will take place in Mountain View Headquarters where Google’s top breed and Lift labs founder along with their hand-picked employees will be present.
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Apple all set to gobble-up Beats Electronics for a staggering 3.2 billion

Apple Beats Electronics acqiusition for $3.2 billion

Apple is all set to buy Beats Electronics founded by Dr. Dre and record producer Jimmy Lovine. According to reports, $3.2 billion takeover is going to be Apple’s biggest takeover till date and it will strengthen their line-up of electronics, to stiffen the competition against Spotify and Pandora. If the deal goes through then Apple will have full control of Beats audio hardware division and their subscription-based music streaming service.
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Why Facebook acquired Oculus VR for $2 billion?

Facebook buys Oculus VR

In a surprise move Facebook owner Mark Zuckerberg has acquired virtual reality technology startup Oculus VR founded by Palmer Luckey, for a heavy $2 billion. The deal includes $400 million in cash, 23.1 million shares of Facebook common stock worth about $1.6 billion and $300 million in cash and stock based incentives. The maker of augmented reality Oculus Rift headset is second acquisition by Facebook in a very short time after their WhatsApp procurement. Oculus VR will operate independently within Facebook and work on its current project, as well as projects that fall in line with Facebook’s long term goals.
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