News: Mergers & Acquisitions

• Icahn's ImClone deal beings hope for Yahoo shareholders
  Cyndy Aleo-Carreira
  Oct 06 2008
  Categories:
  • Mergers & Acquisitions

  Yahoo's outlook has gone from bad to worse in the past week. Google announced that the ad deal the company had made with Yahoo is on hold pending regulatory investigation, and the company's stock...

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• EBay buys payment firm for almost $1B, lays off over 1,000
  Peter Sayer
  Oct 06 2008
  Categories:
  • Mergers & Acquisitions

  EBay announced two acquisitions Monday, at the same time saying it will lay off over 1,000 staff worldwide and cut back on recruitment.It will pay almost US$1 billion for U.S. online payment company...

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• Websense CEO unveils a brand-new company
  Maxine Cheung
  Sep 26 2008
  Categories:
  • Mergers & Acquisitions

  With last year's acquisition of Port Authority, a data loss prevention (DLP) vendor and SurfControl, a Web and e-mail security company, Websense (Nasdaq: WBSN) has since evolved from being known as a...

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• MGM Mirage seeks to expand IT project management office
  Meridith Levinson
  Sep 25 2008
  Categories:
  • Mergers & Acquisitions

  Two years ago, Myrna Soto established an IT project management office at MGM Mirage, the US$7.7 billion casino entertainment company. Now Soto, who is the chief information security officer (CISO)...

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• Lehman IT job fears calmed as bank buys operations
  Leo King
  Sep 24 2008
  Categories:
  • Mergers & Acquisitions

  Japanese bank Nomura has agreed to acquire the European and Middle Eastern investment banking and equities operations of Lehman, promising to secure jobs for most of the 2,500 staff. But Nomura is...

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• DRAM prices plunge 18 percent in two weeks
  Dan Nystedt
  Sep 22 2008
  Categories:
  • Mergers & Acquisitions

  The contract price of mainstream DRAM chips has plunged nearly 18 percent in two weeks to reach new record lows, an online clearinghouse for the chips reported Monday. DRAM contracts for the second...

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• HP layoffs, Wall Street blues, Palin's hack
  Nancy Weil
  Sep 19 2008
  Categories:
  • Mergers & Acquisitions

  The week got off to a rough start with the collapse of Lehman Brothers sending shudders through global financial markets and raising questions about whether there will be a ripple effect on the IT...

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• Financial industry turmoil: What's in store for IT workers?
  Thomas Wailgum
  Sep 19 2008
  Categories:
  • Mergers & Acquisitions

  Perhaps Tom Sanzone saw this coming. Perhaps he did not. But Sanzone, who is Merrill Lynch's brand-new EVP and chief administrative officer (which is the top technology position), may be looking for...

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• What does Cisco get by acquiring Jabber Inc?
  Cyndy Aleo-Carreira
  Sep 19 2008
  Categories:
  • Mergers & Acquisitions

  This morning's announcement that Cisco was buying Jabber raises the question of what Cisco intends to do with the technology. Jabber Inc. provides "enterprise instant messaging and persistent...

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• Best Buy snaps up Napster
  Jordan Golson
  Sep 15 2008
  Categories:
  • Mergers & Acquisitions

  Big box consumer electronics retailer Best Buy has agreed to buy the original file sharing company, Napster, for $121 million. Napster, which is a number of years removed from its days as an illicit...

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