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Top five takeovers that shook the tech world
News The company was acquired for around a 10 per cent premium on its closing share price. The partnership didn't get off to a great start when the new company reported a loss of $99bn in 2002 after the value of its America Online ISP division fell... [04 Feb 2008]
McAfee makes Sparta-n sale
News Upon closing the deal, McAfee said the research group will become a part of Sparta's information assurance business. Security software maker McAfee has announced that it has reached an agreement to sell its research division to Sparta, a... [13 Jan 2005]
AOL splits in four
News Last December, the company cut 450 jobs from its California operations, a move that included closing two offices and slicing the number of its software developers in half. In an email sent to all of the company's employees Monday, AOL Chief... [10 Nov 2004]
Is Egg's French goose cooked?
News A "source close to the situation" told Reuters: "It's [closing the business] an option that is being considered", adding that its London parent could equally decide to sell off the continental operation or share the risks with a new commercial... [15 Oct 2003]
Don't Ask Jeeves about enterprise
News Kanisa will pay $3.5m upon closing of the sale, which is expected in July, and another $750,000 in promissory notes, due to be paid within a year. Shedding the division allows Ask Jeeves to concentrate on its recently updated Web search technology... [29 May 2003]
IBM boosted by services success
News IBM's shares rose $1.32 before the earnings announcement, closing the day at $80.07. IBM on Monday reported that first-quarter earnings rose eight per cent, missing analyst expectations by a penny, despite a boost from the company's Global Services... [15 Apr 2003]
IBM gains approval for PwC purchase
News IBM has taken a step closing to purchasing PriceWaterhouseCoopers' consulting division after partners in the accountancy firm approved Big Blue's $3.5bn bid. IBM hopes the deal will breathe new life into its services division. [13 Sep 2002]
Napster closing - the aftermath
News We have set ourselves the goal of resolutely leading the division as a whole to profitability in its core markets and businesses, based on proven business models," Ewald Walgenbach, CEO of Bertelsmann's consumer commerce division, said in a... [04 Sep 2002]
Cable & Wireless shares go into freefall
News C&W shares fell to their lowest point in nine years as a result, closing down 38p - or 12 per cent - at 275p. The company admitted that first half revenues for its core IP and data services C&W Global division will be five per cent lower... [20 Sep 2001]
Telewest abandons broadband venture
News However, according to reports in this morning's Financial Times demand for the services has failed to live up to expectation and Telewest is contemplating selling the service on or closing it down altogether. [28 Aug 2001]
US satellite giants consider $32bn merger
News The offer represents an 18 per cent premium over Hughes' closing share price last week and would give Hughes, and parent company General Motors (GM), shareholders 66 per cent of the merged company. GM has been attempting to offload the satellite TV... [06 Aug 2001]
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