HP taking aim on IBM with risky $13.2B acquisition of EDS

Riding a hot streak that has doubled its stock price in the past three years, Hewlett-Packard Co. is rolling the dice on a $13.2 billion acquisition of technology services provider Electronic Data Systems Corp.

Heineken loses fizz through S&N acquisition

Heineken, the giant Dutch brewer which recently bought out Scottish & Newcastle (S&N) in partnership with its rival Carlsberg, today said the £10 billion acquisition had been a drag on first half earnings despite a rising thirst among consumers for its premium brands.

MySQL users mostly unfazed by Sun acquisition (InfoWorld)

InfoWorld - Customers at the MySQL conference this week said Sun's acquisition of the database company could increase MySQL's credibility among senior IT decision makers still skittish about using open-source software.

Google Reinforces Its Russian Front With Ad Company Acquisition (TechWeb)

TechWeb - InformationWeek - The deal to buy ZAO Begun, a Russian contextual advertising service, marks Google's first publicly disclosed acquisition since last October.

Alliant Tech says major acquisitions not attractive (Reuters)

Reuters - U.S. rocket maker Alliant Techsystems aims to expand in space systems, advanced weapons and electronics but is shunning big acquisitions after its bid for a Canadian defense business failed.

Nokia wraps up acquisition of NAVTEQ

It was already all but a done deal once the shareholders gave the thumbs-up and EU regulators gave the go-ahead, but Nokia has now announced that it has officially wrapped up its acquisition of NAVTEQ -- a move that, coincidentally, comes just a few days after TomTom and Tele Atlas finalized their own deal. As you might expect, both Nokia and NAVTEQ have nothing but praise for the $8.1 billion deal, with Nokia President and CEO Olli-Pekka Kallasvuo saying that, "Nokia and NAVTEQ together make a powerful combination, and customers will benefit as the transaction enables NAVTEQ to accelerate its expansion into new regions and introduce innovative new content." NAVTEQ President and CEO Judson Green further added that, "Nokia has a deep understanding of the requirements for the industry," before dishing out the usual line about how the deal will benefit the customers most of all.Read | Permalink | Email this | Comments