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Lenovo Group is actively considering a bid for all of struggling Canadian smartphone maker BlackBerry, according to people familiar with the matter, the latest sign of the voracious appetite of Chinese companies for foreign acquisitions.
Wall Street Journal
Intel will take over a plant in Israel's Kiryat Gat city after it was shut down by the US microchip manufacturer Micron in a bid to save 800 jobs, it was announced Sunday.
New York Daily News
The BlackBerry melodrama may finally be coming to a close. Just days after announcing apocalyptic cuts in its workforce, the company revealed that its largest stakeholder, Fairfax Financial Holdings, has offered to buy the company out for US$4.7 billion, or US$9 a share.
Business Week
Verizon has agreed to pay US$130 billion to take full control of Verizon Wireless from UK partner Vodafone, the companies said Monday.
CNNMoney
Microsoft has posted the presentation it's used to explain its decision to acquire Nokia's mobile phone business and it reveals the key reason for the acquisition: hitting back at Apple and Google.
The Register
The cuts will not come from among the employees acquired along with Elpida, Micron said.
Wall Street Journal
Nokia has completed the acquisition of Siemens' stake in Nokia Siemens Networks. The transaction was originally announced on July 1, 2013.
Company release
Micron Technology anticipates the closing of its acquisition of 100% of Elpida's equity to occur on July 31, 2013, Tokyo time. Micron also anticipates concurrently closing its acquisition of a 24% share of Rexchip Electronics from Powerchip Technology and certain of its affiliates.
Company release
Google is on the cusp of paying more than US$1 billion for navigation and traffic application Waze, said a person familiar with the negotiations, as the Internet giant looks to boost its own navigation offerings around the world.
NASDAQ.com
ST-Ericsson, which focuses on mobile and wireless chips, announced the sale on Tuesday without naming the buyer. An Intel spokesman later said the US chipmaker bought the assets.
Reuters (via Yahoo! News)
Altera has agreed to acquire TPACK, a wholly-owned subsidiary of Applied Micro Circuits. TPACK delivers complete FPGA-based OTN (optical transport network) products targeting packet and optical networking equipment suppliers.
Company release
A former CIO and vice president at networking hardware vendor Foundry Networks has been charged with insider trading over the company's acquisition in 2008 by Brocade Communications Systems, the US Department of Justice said.
Computerworld
Micron Technology is poised to get a US$400 million discount on the acquisition of Japanese rival Elpida Memory, after a 16% slump in the yen against the US dollar.
Bloomberg
Cadence Design Systems has entered into a definitive agreement to acquire Tensilica, a leader in dataplane processing IP, for approximately US$380 million in cash.
Company release
Lenovo has signalled it is a potential acquirer of Research In Motion, lifting the shares in the troubled Canadian maker of BlackBerry smartphones.
The Financial Times
Dell is in buyout talks with private-equity firms, two people with knowledge of the matter said. The shares surged.
Bloomberg
Sony is in talks with suitors including Taiwan's Hon Hai Precision over the sale of its battery business, a Nikkei report said Thursday, as the Japanese firm tries to repair its dented balance sheet.
HindustanTimes.com
British microprocessing firm Imagination Technologies' US$60 million pursuit of the operating business of MIPS Technologies faces competition after the US company received a higher bid from a rival firm.
Reuters
ARM is part of a consortium buying the rights to MIPS' portfolio of 580 patents, contributing US$167.5 million to the total US$350 million purchase price. As for ARM itself and its consortium colleagues, its part of the deal will reduce the risk of any infringement of MIPS' patents.
Guardian
MIPS Technologies has entered into separate definitive agreements with Bridge Crossing, an acquisition vehicle of Allied Security Trust, and Imagination Technologies with net proceeds of approximately US$7.31 per share in cash to each holder of MIPS common stock. The total value of the transaction represents a 40% premium to the closing price on April 11, 2012, the day prior to the first public rumor of a potential sale of MIPS.
Company release
ALi has acquired Abilis, a fabless semiconductor company providing RF modulators, secure media processors and broadcast-to-IP solutions, according to the Taiwan-based set-top box IC firm.
Company release
Elpida's main bankruptcy proceeding is being handled by a district court in Tokyo, but Christopher Sontchi, the Delaware Bankruptcy Court judge overseeing Elpida's parallel US case, said the company was taking a risk by not keeping creditors better informed.
Reuters
The takeover of the number three mobile carrier in the US will make Softbank one of the world's three biggest mobile phone operators, with 96 million users.
BBC News
Amazon.Com is in advanced talks to buy the supplier of processors for its Kindle tablet computer, Israeli financial newspaper Calcalist reported on Monday, a step toward vertical integration that could portend a push into smartphones.
Reuters
A Japanese court has delayed its ruling on two competing plans to restructure failed chipmaker Elpida Memory, a source with direct knowledge of the matter said.
Reuters
Elpida Memory said it opposes moves by a group of bondholders to block its sale to Micron Technology because it would interfere with an "entirely fair" reorganization.
Bloomberg
FormFactor will acquire MicroProbe, a provider of advanced SOC wafer test solutions, for US$100 million in cash and US$16.8 million in stock, subject to customary adjustments. The merger is expected to close in the first half of FormFactor's fiscal quarter ending December 29, 2012.
Company release
US private equity firm KKR & Co has approached struggling Japanese chipmaker Renesas Electronics and its shareholders with an offer of investment, people with knowledge of the proposal said Wednesday.
Marketwatch.com (Dow Jones)
About 20 bondholders of Elpida Memory are negotiating with alternative sponsors to replace a takeover offer by Micron Technology they consider too low, a representative said.
Bloomberg
DesignArt, based in Israel, focuses on small-cell modem and system design for cellular base stations and high-speed wireless infrastructure.
Marketwatch.com (Dow Jones)
Elpida Memory, the bankrupt Japanese chipmaker being bought by Micron Technology, will get JPY280 billion (US$3.5 billion) in support from the US company, the Asahi newspaper said.
Bloomberg
On Tuesday, the group - Linden Advisors, LIM Advisors, Owl Creek Asset Management and Taconic Capital Advisors - reiterated its opposition to Micron Technology?嚙編 US$2.5 billion offer for Elpida.
New York Times
Elpida Memory bondholders plan to tell a Tokyo court today that Micron Technology's takeover offer for the bankrupt Japanese memory-chip maker is too low, according to a person familiar with the matter.
Bloomberg (via Businessweek)
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