The new Charter Communications is the second-biggest broadband provider in the country, after Comcast Corp. CMCSA -0.12 % , and the third-largest pay-TV company, serving more than 17 million video customers, trailing AT Inc. T -0.73 % and Comcast.As part of the transaction, Charter also agreed to acquire smaller operator Bright House Networks.The company will be led by Tom Rutledge, chief executive of the legacy company.Earlier this month, the Federal Communications Commission said it had formally voted to approve the acquisition while imposing tough operating restrictions on it.The conditions placed on the merger will help mitigate threats to online video competition that could be exacerbated by cable-industry concentration, officials said.Some consumer groups criticized the deal, but it drew less concern than a similar proposed merger of Comcast and Time Warner Cable last year.
OSAKA, Japan— Panasonic Corp. PCRFY -1.72 % s auto business on Friday said it expected to add up to $3.6 billion in new revenue in the next two years through mergers and acquisitions that would give it new technologies as part of its drive to become a major supplier for cars of the future.The Osaka-based company said it is considering acquiring or collaborating with companies that could help supplement its existing technologies in areas such as auto sensors and artificial intelligence.The move comes as global technology companies race to capitalize on the computerization of the automobile, including through autonomous driving.Yoshio Ito, president of Panasonic s automotive unit, said the company will aim for ¥2 trillion in sales, a 16% increase from the 2015 financial year that ended in March, in the division by 2018.Panasonic provides nearly all of the batteries used to power Tesla Motors Inc. TSLA 0.90 % s electric vehicles.Corrections & Amplifications:Panasonic Corp. expects to bring in up to $3.6 billion of additional revenue in its auto business over the next two years through investments in mergers and acquisitions.
Nokia is planning to cut about 1,000 jobs in its native Finland following its acquisition of France's Alcatel-Lucent, the telecom network equipment maker said in a statement.This announcement comes just days after Nokia said it would terminate 1,000 jobs in Finland."We haven't heard any official numbers, but based on the information from our union contacts, I would estimate the global impact of this round would likely be around 10,000 to 15,000 jobs," said Risto Lehtilahti, a trade union steward at Nokia's Oulu site.A Nokia spokeswoman said that the company did not have any updates about job losses in France and Germany, while she declined to comment on the trade union's estimated job cut figure of 10,000 to 15,000.They have cut 500, cut our unionised workforce in half, and we hope that's all that is going to be taken away," Bolton said.Over the past decade, Nokia has cut down its workforce drastically as thousands of employees lost their jobs after rival smartphone-makers took over the industry.
Hewlett Packard Enterprise is the former H-P business that focuses on corporate technology customers.Hewlett Packard Enterprise Co. said it would spin off most of its technology services operations and merge them with those of Computer Sciences Corp., the company s latest adjustment to a shifting landscape that is roiling the market for corporate technology.The deal, a blockbuster follow-up to the breakup of Hewlett-Packard Co. last fall, will create a corporate technology services specialist that will be led by Computer Sciences executives and have about $26 billion in annual revenue, the companies said.The move is evidence of ongoing turmoil in the corporate computing market as corporate spending tightens and traditional data centers give way to cloud computing.Customers must decide whether to opt for cloud services, maintain conventional data centers, or build their own private cloudlike facilities—a business especially targeted by HP Enterprise.HP Enterprise, like others that sell products to corporate customers, has been hurt by lackluster demand, currency exchange issues and other headwinds.
The digital media and advertising landscape is staggeringly complex.In the milliseconds it takes for a web page to load, dozens of companies you probably have never heard of are bidding in a furious auction to serve you an ad.And that's just one area: programmatic advertising.The investment bank LUMA Partners, the company known for its LUMAscape summaries, has a new presentation on the state of digital media that helpfully explains the biggest trends in the digital media industry in an easy-to-understand way.LUMA Partners has kindly allowed us to publish the presentation and commentary, which summarizes pretty much everything you need to know about the digital media industry in 2016.The presentation covers the latest issues affecting the sector, how public ad-tech and mar-tech companies are performing, mergers-and-acquisitions activity, venture-capital funding, and the most significant industry trends: programmatic, mobile, content 2.0, convergent video, and ad-tech and mar-tech convergence.View As: One PageSlides
The deal with CSC means Whitman is now exiting the market for information technology outsourcing, which helps customers manage and upgrade their systems, leaving her to concentrate on selling hardware that covers servers, storage and networking, along with software and some specialized services.AdvertisementHewlett Packard Enterprise stock rose as much as 13 percent early Wednesday, while CSC stock surged 28 percent to $45.50.That compares with an average estimate of 48 cents.There's not a lot of client overlap, Lawrie said, with less than 15 percent of shared customers among top accounts."Together, as an agile technology independent services pure play, we will be better positioned to innovate and compete and win against both emerging and established players," he said on the call.Mark Hurd, who was CEO from 2005 to 2010, led the purchase of EDS to broaden the company's services business.
Mergers and acquisitions and restructuring costs led to Lenovo booking its first annual loss since 2009, but crappy demand for PCs and smartphones didn t exactly help to wax the bottom line either.The Beijing HQ d biz reported sales for fiscal 16 ended 31 March of $44.9bn, down three per cent year-on-year, after ending the period on a financial low - sales in Q4 fell 19 per cent to $9.13m.Fewer consumers are buying PCs and many businesses went through a major refresh in 2014 when Microsoft ended support for Windows XP.It will attack areas such as gaming and detachables to seek out new growth pastures.The integration of the Motorola did not meet expectations , its handset shipments in China fell 85 per cent and the move to higher price bands in North America was not successful .It moved to save $650m a year in costs last summer, in part by axing 3,200 people.
It s been a blistering start to summer if you re an investor interested in business software.But beneath the big deals for Demandware bought by Salesforce and Marketo acquired by the private equity firm Vista Equity Partners , which have led to a $4.6 billion week for enterprise M, there are smaller deals that help to round out the picture of what s hot in the enterprise this summer.Indeed, with IBM s acquisition of EZ Legacy announced today highlighting the continued interest in developer operations tools and ServiceNow s purchase of Brightpoint Security underscoring the continued need for… security in addition to the marketing toolkit that Vista Equity bought and Salesforce making its push into e-commerce services , that s pretty much the state of play in enterprise software these days.So, beneath the billion dollar deals… what s going on?Ole Big Blue is getting into the developer operations game again with its acquisition of EZ Legacy, a software development company that helps developers understand and change mainframe code based on information from its dashboard and visualization toolkit.In a world where 93% of security executives say their response process is hindered by manual and informal processes according to a study by the Enterprise Strategy Group .
Mobile marketing technology company Fiksu has been acquired by Noosphere, a global asset management firm that strives to transform high-potential companies into definitive market leaders.Founded out of Boston in 2008, Fiksu has hitherto helped brands and marketers reach their target audiences through mobile, with a platform that offers actionable data and audience segmentation tools.The company had raised north of $16 million in equity funding since its inception, including a $10 million round back in 2012.Now, Fiksu will operate as part of ClickDealer, a performance marketing agency based in Menlo Park, California.And Fiksu founder and CEO Micah Adler is keen to put a positive spin on the acquisition, despite the company being a recent contender to IPO.I m incredibly proud of what we ve built over these past five years and grateful to the entire team that has contributed — and excited about our transition into ClickDealer and Noosphere and driving the evolution and innovation of mobile advertising, he continued.
Israeli-born Nir Blumberger will leave his executive post at Facebook Inc. to join Accel as a venture partner and open an office in Tel Aviv to focus on an ecosystem the global venture capital firm said is flourishing with bold ideas and mature entrepreneurs.Accel Partners has previously backed Facebook, Dropbox Inc., Spotify Ltd. and Slack Technologies Inc., among others.Blumberger, previously a corporate development executive at Facebook responsible for global mergers and acquisitions and strategy, said he will be looking for bold and diverse ideas that can be scaled into world-class companies.Accel has offices in San Francisco and Palo Alto, California, as well as London and Bangalore, and has invested more than $350 million in Israel since 2002.Its investments include the now publicly traded cybersecurity company Imperva Inc., global services marketplace Fiverr and data governance solutions provider Varonis Systems Inc. We see the pace of innovation has accelerated and the best way to cover the market is to have someone who is a core part of the Accel London team physically on the ground, partner Sonali De Rycker said in an interview by phone.Some industry advocates would like to see more local investment but De Rycker says Accel works closely with Israeli funds.These are long journeys.Last year, 131 foreign venture funds made at least one investment in Israel according to IVC Research Center, which monitors the industry.Earlier this year, Accel announced it had raised several new funds including $1.5 billion earmarked for growth stage investments, a $500 million fund for early stage investing, and a new $500 million fund targeting European and Israeli startups.
In this high-tech era of security breaches, cybersecurity is more important than ever.And small businesses, especially in the mergers and acquisitions space according to a new Firmex report, are particularly susceptible to hacks and breaches.What kinds of precautions can a business take to protect its data and its customers sensitive information?Here are six security measures that provide big protection against cyber attacks.1.Viruses, ransomware, and malware can invade your system with just one click.Consider presenting your staff with realistic cybercrime situations that teach them how to recognize suspicious emails and other red flags.It s also beneficial to bring in an outside firm to conduct facility breach exercises and social engineering penetration testing.For secure financial transactions that don t risk data being transferred in plain text, you ll also want to make sure your E-commerce platform is capable of supporting SSL encryption.To optimize your security, don t just be content with safeguarding your payment gateway.Also, it s noteworthy that besides ensuring security, SSL certification will increasingly play an important role in how Google ranks your website.Related Article: Lock It Up: How to Ace Email Security in 20164.But choose a QSA certified company wisely, and make sure the company uses accurate and complete testing procedures.
Mobile advertising company Smaato is set to become the latest technology startup to be acquired by Chinese investors, after the San Francisco firm announced that Beijing-based Spearhead Integrated Marketing Communication Group, an offline marketing organization, has agreed to buy it for $148 million.Founded in 2005, Smaato is a real-time advertising exchange for mobile sites and app developers.It operates both a supply-side platform for managing ad inventory and an exchange for dealing with multiple ad networks which it says has a combined reach to more than one billion mobile users.The company has raised $47 million from investors to date, including its most recent $25 million Series E round led by Singapore Press Holdings in August 2014.The deal is the third major acquisition of an international company by a Chinese entity in recent times.A consortium that includes Qihoo 360 and Grindr-owner Kunlun Tech is close to buying browser maker Opera for $1.2 billion, while NativeX, another mobile ad tech startup, was acquired by China s Mobvista for $24.5 million in February.
Huge news today in the world of M in enterprise and social networking services: Microsoft has announced that it is acquiring LinkedIn, the social network for professionals, for $26 billion, or $196 per share, in cash.LinkedIn is keeping its branding, and it will become a part of Microsoft s productivity and business processes segment.Together we can accelerate the growth of LinkedIn, as well as Microsoft Office 365 and Dynamics as we seek to empower every person and organization on the planet.For the last 13 years, we ve been uniquely positioned to connect professionals to make them more productive and successful, and I m looking forward to leading our team through the next chapter of our story.LinkedIn will give it a far bigger reach in terms of social networking services and professional content — developing further along the lines of the communications products that it spearheaded with its acquisition of Yammer.For LinkedIn, it puts to rest questions of how the company would ever compete with companies that are building more software on top of their social graphs that would put it into closer competition against LinkedIn.
It also is planning a slimmer version of the Xbox One.Both moves signal a marked change in gaming in which consoles are no longer released once every six or seven years.It reflects the increasingly competitive gaming landscape, as gamers gravitate toward mobile devices and take up new virtual and augmented reality technologies.The challenge for Microsoft and Sony is providing something commercially meaningful without fragmenting the user base, said c.Investors have poured $1.7 billion in augmented reality, or AR, and virtual reality technology over the past 12 months, according to Digi-Capital, a mergers-and-acquisitions advisory firm.Sony in May said it has sold more than 40 million PlayStation 4 units, outpacing all of its predecessors.Microsoft last said in fall 2014 that it had sold more than 10 million units but hasn t updated that figure since.
Dealmaking in the tech industry is back with a bang.Microsoft is buying LinkedIn for $26.2 billion, while computer-security company Symantec is buying Blue Coat Systems for about $4.65 billion.Goldman Sachs' research analysts, led by Jessica Binder Graham, on Friday updated the basket of companies the bank thinks could get acquired in the next 12 months.LinkedIn had a two ranking, meaning the research analysts thought it had a 15% to 30% probability of being involved in mergers and acquisitions activity.Here's a list of those companies in the tech, media, and telecoms sectors with a one ranking, meaning a 30% to 50% chance of M in the next 12 months.View As: One PageSlides
Morgan Stanley is the sole adviser to Microsoft on the deal.Morgan Stanley's lead bankers on the deal are Mike Wyatt, who is head of global technology mergers and acquisitions, and Drew Guevara, head of global technology investment banking, according to a person familiar with the matter.He has been with the firm for 22 years, according to his LinkedIn profile, and has advised on more than 125 transactions, including McAfee's $7.7 billion sale to Intel in 2010.Guevara joined Morgan Stanley from Bear Stearns in 1995, according to his LinkedIn profile, and has helped bring companies including Ingram Micro, SanDisk, and Seagate public.He has worked with tech companies including Facebook, Amazon, Airbnb, and Dropbox, according to his LinkedIn profile.Turner is a founder and copresident of Qatalyst overseeing consumer technology and software banking.He advised Tumblr on its sale to Yahoo!, Twitch on its sale to Amazon.com, Xoom on its sale to PayPal and Autonomy on its sale to HP.NOW WATCH: Here's what would happen to Earth if all the ice meltedLoading video...
"It's going to put pressure on organizations, without question," the veteran banker we spoke to said.The big banks are also seeing top performers leave for the corporate companies they advise.Here are some of the big moves in the past year:JPMorgan's Alejandro Vicente joined JAB Holdings.Morgan Stanley's Alban de La Sabliere joined the French drug maker Sanofi.JPMorgan's Henry Gosebruch went to AbbVie.Blackstone's chief financial officer, Laurence Tosi, went to Airbnb.Mergers-and-acquisitions activity is down significantly from the past couple of years too.But the phenomenon could also turn into a more permanent trend."Any banker with a brain … is saying to himself or herself, 'Do I need an exit strategy, and if so, what is my exit strategy?'"He also highlighted the taxing lifestyle of an investment banker, typically associated with long hours and tight deadlines.rather than being the CFO and having people present to you," he said.Investment banking as a whole has become a less attractive career option.Credit Suisse is giving bankers Friday nights off, UBS is giving bankers two hours of "personal time" a week, JPMorgan is relaxing its dress code, Morgan Stanley is offering vice presidents four-week paid sabbaticals, and both Goldman Sachs and Morgan Stanley are updating their performance reviews to give more qualitative and frequent feedback to employees.Whether or not that will be enough to stem the tide of departures remains to be seen.
Venture capitalist Marc Andreessen spoke at the Bloomberg Technology conference this afternoon, and he said he expects far more M than the tech industry has seen in recent years.There are a few reasons for it, he suggested, saying that in recent years, a lot of public companies sat back and watched the drama constant drumbeat of bubble, bubble, bubble.'Now, with many private company valuations down from their peaks last year, along with public companies that now they have to go shopping to fill in gaps in their portfolio, Andreessen said to expect a run of M rest of this year and next year.Before the talk wrapped up, Andreessen was asked whether he thought Twitter was made more or less attractive as an acquisition candidate in the wake of LinkedIn s purchase.Though fairly far apart from Twitter, some have focused on LinkedIn s social network aspects as a reason for Microsoft to buy the company, while others have focused on the acquisition as a way for Microsoft to boost its Office software suites.Though an early investor in Twitter, he hasn t been a privy to any inside information since he joined the board of Facebook in 2008.
China is the single biggest story in investment banking right now.From the highly-acquisitive Chinese companies driving the mergers-and-acquisitions market to the plethora of growing private startups that could shape the future of the initial public offering market - every deal maker on Wall Street is scrambling to "get in on China.The level of trust is very different, but secondly, and increasingly so, even if it's a US IPO, a lot of buying interest or investors are coming from China.Those are the ones - like enterprise businesses, like SaaS software as a service , cloud-based businesses, the content business - those are more suitable for the domestic IPOs.Crowe: There are a lot of dire headlines coming out of China right now.I think the good thing about current-generation tech companies is the demand is not created out of thin air - the demand is already there.Tell me about that dynamic, where you have maybe an original from the US and a similar model from China.They are doing as good a job as they can, so hats off to them.
Joyent will power Samsung s services focus in mobile and the Internet of ThingsSamsung SmartThings Hub is just one of many plays by the South Korean companySamsung Electronics is acquiring U.S. cloud services company Joyent as it builds its services business around mobile devices and the Internet of Things.Samsung said Thursday the acquisition would give the smartphone maker access to its own cloud platform to support it in the areas of mobile, IoT and cloud-based software and services.Joyent s key executives, including CEO Scott Hammond, CTO Bryan Cantrill, and Bill Fine, vice president of product, will join Samsung and work on company-wide cloud initiatives.With Samsung as a key customer, Joyent hopes to achieve the scale required to compete effectively in the "large, rapidly growing and fiercely competitive cloud computing market," Hammond wrote in a blog post.Joyent competes with giants like Google, Microsoft Azure and Amazon Web Services.As a result of this acquisition, Samsung will become an anchor tenant for Joyent s Triton and Manta solutions, Hammond wrote.
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