Acquisition

Salesforce aims $2.5B deal at ExactTarget

Salesforce has entered a definitive agreement to acquire ExactTarget, a digital marketing software firm, for $2.5 billion, marking the cloud software company's biggest acquisition to date. 

Under the terms of the deal, Salesforce will buy all the outstanding shares of ExactTarget for $33.75 per share in cash, marking a premium of more than 50 percent on the company's stock closing price on Monday.

"The CMO is expected to spend more on technology than the CIO by 2017," said Salesforce chairman and chief executive Marc Benioff in prepared remarks. "The addition of ExactTarget … Read more

Top proxy firm ISS likes SoftBank's offer for Sprint

A top adviser to mutual funds and other large investors says Sprint shareholders should give the thumbs-up to SoftBank's offer to buy the company, but it doesn't address a rival, preliminary -- and higher -- offer from Dish Network.

In a report, proxy firm Institutional Shareholder Services said, according to The Wall Street Journal, that SoftBank's $20.1 billion offer "addresses Sprint's most compelling need: capital to acquire additional spectrum and complete the transformation of its network, enabling it to fully compete in the U.S. market."

The compelling need for capital aside, ISS … Read more

Yahoo's at it again with gaming platform acquisition

Yahoo's at it again.

The online giant has made another acquisition only days after reaching a deal to buy Tumblr. This time around, Yahoo is expanding in the gaming arena with the purchase of PlayerScale.

PlayerScale develops software for cross-plaform gaming that allows publishers and aggregators to quickly scale titles across various platforms. Founded in 2011, the company has over 150 million users worldwide, and it's adding more than 400,000 new users every day.

PlayerScale CEO Jesper Jensen announced the merger Thursday on the company's Web site, saying PlayerScale won't be going anywhere and its … Read more

Google X acquires kite-power startup Makani

Google is in the process of acquiring Makani Power, a startup building power-generating cable-tethered flying wings, and is incorporating the technology within its Google X "moonshots" division.

"We look forward to working with our new colleagues at Google[x] to make airborne wind a cost-effective reality," the company said on its Web site. "This formalizes a long and productive relationship between our two companies, and will provide Makani with the resources to accelerate our work to make wind energy cost competitive with fossil fuels."

The acquisition was reported Wednesday in a BusinessWeek story about Google X, … Read more

SoftBank grants waiver for Sprint to talk more to Dish

SoftBank made a bold move in its ongoing battle with Dish to acquire Sprint. The Japanese wireless carrier gave Sprint a special waiver on Monday to let it go into more broad talks with Dish.

While this seems counterintuitive, SoftBank said that it believes further talks between Dish and Sprint will only show the U.S. wireless carrier that SoftBank is the superior candidate for the acquisition.

"We continue to believe that our agreed transaction, which we plan to close in approximately six weeks, creates substantially greater value and provides far greater certainty for Sprint shareholders," SoftBank Holdings … Read more

Yahoo confirms $1.1B Tumblr buy, promises 'not to screw it up'

Microblogging service Tumblr is being acquired by Yahoo.

Yahoo announced the deal early Monday, along with a "promise not to screw it up." The Internet pioneer is paying $1.1 billion for Tumblr, "substantially all of which is payable in cash," Yahoo said.

The news had been expected. The Wall Street Journal reported Sunday that the Yahoo board had approved the deal.

Under the terms of the deal, Yahoo will allow Tumblr, which has over 300 million monthly unique visitors, to operate as a completely separate entity that retains "the same Tumblr irreverence, wit, and … Read more

Yahoo board approves $1.1B acquisition of Tumblr -- WSJ

Yahoo's board has approved a $1.1 billion acquisition of blogging site Tumblr, according to the Wall Street Journal.

The Journal first reported the news on Sunday via Twitter.

An imminent announcement of the acquisition had been expected. AllThingsD reported Friday that Yahoo's board was meeting this weekend to finalize a deal. Rumors about the possible tie-up first surfaced on Thursday. The deal could be announced on Monday as part of a product announcement event Yahoo is holding in New York tomorrow. According to reports, Tumblr's board of investors, including Sequoia Capital, Union Square Ventures and Spark … Read more

Dish to sell $2.5B in debt to fund Sprint bid

Dish Network plans to sell about $2.5 billion in debt to help fund its proposed takeover of Sprint Nextel, the company said Tuesday.

The proceeds from the offering will be placed in escrow and will then be released to finance part of the funds needed for the $25.5 billion Sprint acquisition. If the proposed merger falls through or doesn't take place before a certain date, Dish plans to redeem the notes.

Dish and Japanese carrier SoftBank have been battling for Sprint for the past couple months. SoftBank in October offered to pay shareholders $12.1 billion and … Read more

Jawbone buys BodyMedia in wearable tech push

Jawbone, the company that made its name on Bluetooth headsets, has made a strategic purchase to expand its wearable technology business.

Jawbone announced Tuesday that it has acquired BodyMedia, a company that specializes in wearable body monitors and sensors. BodyMedia holds 87 patents and makes the Fit product line, which includes a gadget registered with the FDA as a Class II medical device capable of helping users lose weight.

According to All Things Digital, the deal is valued at $100 million. Neither Jawbone nor BodyMedia disclosed the acquisition price.

Jawbone already sells a wrist monitor, known as Up, designed to … Read more