IBM Corp. announced on Monday that it is buying AT&T Inc.’s Sterling Commerce unit for $1.4 billion. This unit makes software that aids businesses buy and sell to each other.
IBM is based in Armonk, N.Y, and AT&T is based in Dallas.
This is IBM Corp.’s largest accomplishment since it bought business software maker Cognos in 2008.
IBM [...]
May
25
2010
25
2010
IBM’s deal with AT&T Inc. Sterling unit for $1.4 billion
Mar
29
2010
29
2010
Nokia Finalizes Deal with Novarra
In order to compete in the mobile web browser arena, Nokia has taken great move and hopes to boost the experiences of the web on its different smart phones.
Nokia is in a plan to up the ante web browsing domains. In this attempt, Nokia has purchased the Chicago-based mobile web browser outfit Novarra. The Novarra [...]
Feb
26
2010
26
2010
VMW buying Software Assets from EMC for $200 Million
World leader in the information infrastructure and data storage company EMC Corp. and Palo Alto, Calif.-based VMware Inc., global leader in virtual solutions from desktop through data center to the cloud has entered into a definitive agreement for the sale of some software products and expertise by EMC Ionix IT management business to VMware for [...]
Feb
20
2010
20
2010
Search deal b/w Yahoo & Microsoft
A well known deal between two giant businesses Microsoft and Yahoo is approved from US and European Union regulators paving the way for the two companies to combine much of their Internet search business.
As announced in July Under the 10-year deal, both Yahoo.com and Bing.com will maintain their own branding but search results on Yahoo.com [...]
Feb
18
2010
18
2010
Walgreen take a bite on Big Apple!
Walgreen has made an announcement yesterday that it shall be making a payment of $618 million for Duane Reade, which is New York City’s largest drugstore chain. If the deal got settled then Walgreen’s total drugstore count will increase by nearly 4%, adding 257 stores in the New York area, where it presently has 70 [...]
Feb
17
2010
17
2010
JPMorgan to acquire energy business from RBS Sempra
J.P. Morgan Chase & Co. (NYSE: JPM) will acquire the oil, metals and European energy business of RBS Sempra Commodities for around $1.7 billion (£1 billion) in cash. The deal is expected to close in the second quarter of 2010. RBS Sempra is a joint venture between Royal Bank of Scotland and Sempra Energy. The [...]
Feb
16
2010
16
2010
AstraZenca- Rigel in a $1.245 billion deal
AstraZeneca has signed a $1.245 billion deal with Rigel Pharmaceutical for its rheumatoid arthritis, fostamatinib disodium (R788).
AstraZeneca license to Rigel Pharmaceuticals for next-generation drug R788 mark the drug giant’s entry into the competitive rheumatoid arthritis market. AstraZeneca and Rigel believe it can still win through in final-stage Phase III tests after a setback in [...]
Feb
15
2010
15
2010
Bharti plunged 10%, takeover stress
After two failed attempts to agree a $24 billion tie-up with South Africa’s MTN Group, Bharti announced on Monday an offer to buy the African assets of Kuwait’s Zain telecom for $10.7 billion. Bharti Airtel and Zain Africa have agreed to enter into exclusive discussions until 25 March, 2010 for the acquisition of Zain’s African [...]
Feb
15
2010
15
2010
American Airlines enjoys double dose of good news
Over the past one week, American Airlines Inc. was in trouble for its airlines alliance with both the Pacific and the Atlantic. American was in danger of losing its major Asian partner Japan Airlines in the west. In the east, American was not sure weather its European partners will allow them to strengthen its alliance [...]
Feb
15
2010
15
2010
Terra Ind. to be sold to Yara for $4.1 billion
Yara has decided that it would be buying the US-based fertilizer company, Terra Industries. The deal will cost the Norwegian company close to $4.1 billion.
As per the deal between the two companies, Yara will be offering Tara $41.1 per share which includes a premium of 23.6 per cent. The rates have been decided based upon [...]