BlackBerry will change its CEO and accept a US$1 billion loan from a consortium involving shareholder Fairfax Financial Holdings as it struggles with inventory and strategy problems. The company has abandoned plans to sell itself.
BlackBerry is expected to announce a definitive merger agreement with Fairfax Financial Holdings on Monday -- or present an alternative bidder to help get the company back on track, with the latter group including the likes of Qualcomm.
BlackBerry will change its CEO and accept a $US1 billion loan from a consortium involving shareholder Fairfax Financial Holdings as it struggles with inventory and strategy problems. The company has abandoned plans to sell itself.
Japanese NTT Communications has acquired Virtela Technology Services and a majority stake in RagingWire Data Centers as part of its worldwide data center and cloud push.
Samsung Electronics has signed a 10-year supply agreement with Corning, the maker of Gorilla Glass, to ensure access to all of Corning's existing and future technologies.
Yahoo has acquired LookFlow, an image recognition company, as part of a plan to improve photo discovery on Flickr, Yahoo announced Wednesday.
Oracle is hoping to differentiate its CRM (customer relationship management) software from the competition with the acquisition of BigMachines, whose cloud-based system helps salespeople quickly put together and price complex orders.
Fresh from its acquisition of Sprint, Japan's SoftBank plans to take control of Brightstar, the dominant distributor of mobile devices in the U.S. and a global player serving more than 200 carriers.
China's Lenovo Group is considering a bid for struggling smartphone maker BlackBerry, according to The Wall Street Journal.
Oracle has acquired Compendium in an effort to offer a more complete platform for online marketing.
Facebook has agreed to acquire mobile data compression startup Onavo and plans to use its technology in an effort to make Internet access more affordable, Facebook said on Monday.
Fingerprint recognition is such a hot topic that hoaxers are moving in on the action too: On Friday a news release claiming that Samsung Electronics planned to acquire a Swedish developer of fingerprint technology turned out to be a fake.
Continuing to build its portfolio of software for supporting electronic commerce operations, IBM has acquired Xtify, a provider of push notification-based marketing services for mobile platforms. Terms of the deal were not disclosed.
Google has acquired Flutter, a gesture recognition company whose technology lets people control music and movies on their desktop by waving their hands.
Silicon Graphics International has acquired storage company, Filetek, as the server maker looks to provide customers with better control over petabytes of stored data in high-performance computing environments.
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