After a weekend chock full of rumors and speculation, Yahoo has announced it plans to acquire Tumblr, the popular social service that hosts more than 105 million GIF-filled blogs, for $US1.1 billion in cash.
Yahoo's board of directors has approved spending $US1.1 billion in cash to buy popular blogging site Tumblr, according to The Wall Street Journal.
Yahoo has called a mystery press event in New York City on Monday afternoon, hot on the heels of rumors that it plans to buy Tumblr for US$1 billion.
Dell reported another quarter of declining profits and revenue Thursday as CEO Michael Dell continues his fight to take the company private.
A plan proposed by Carl Icahn and Southeastern Asset Management last week as an alternative to Michael Dell's proposal to take his namesake company private would leave it short of cash, Dell's board warned the bidders on Monday.
Yahoo has acquired a mobile gaming company, Loki Studios, taking its total acquisitions this month to four.
Increasing confidence in the economy and a rising stock market could lay the groundwork for a revival in tech-sector mergers and acquisitions as companies embrace cloud technology and pursue game-changing software, particularly for the mobile market.
Salesforce.com is to acquire Clipboard, a Web clipping and sharing service, and is closing down the service.
Intel has acquired two software companies as it continues to build its burgeoning portfolio to include more tools to write and manage programs and interfaces.
China's largest search engine Baidu is getting closer to becoming the country's largest online video provider with a new US$370 million acquisition.
Sprint Nextel's network partner Clearwire hasn't been able to find any other big wholesale customers nor sell any of its spectrum, so selling out to Sprint is the only real option for its shareholders, the company said Monday.
Adding to its portfolio of IT management software, Dell has acquired Enstratius (formerly called EnStratus), which offers software for managing workloads in hosted cloud environments.
BMC has agreed to be acquired by a private investment consortium headed by Bain Capital and Golden Capital, in a deal worth about $US6.9 billion.
McAfee plans to acquire Stonesoft, a Helsinki-based maker of firewalls, for US$389 million in cash, the companies said Monday.
Dish Network chairman Charlie Ergen said Wednesday that his is an American company, and the modernization of Sprint Nextel's network will have to be done from the U.S. with operations control in the country, and English speaking staff.
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