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.

Sprint not in acquisition talks with SK: source (Reuters)

Reuters - Any talks between SK Telecom (017670.KS) and Sprint Nextel are about technology collaboration rather than an acquisition of the No. 3 U.S. wireless service, according to a person familiar with the matter.

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.