by Paul Sharma, Technology Columnist, Dow Jones Newswires
The prevailing wisdom has been that the important word in ‘digital advertising agency’ wasn’t the advertising as much as it was the digital. Technology was king.
That has all changed, as seen in two deals in the past week.
by Michael Corkery, Reporter, The Wall Street Journal
Here is a good rule of thumb in M&A: Be careful what you say in public.
The joint venture Nokia Siemens appears to be learning this lesson the hard way this week, after its North American Operations president, Sue Spradley, was quoted as saying it would be interested in buying “other” assets of Toronto telecommunications-gear maker Nortel Networks, which filed for bankruptcy-law protection in January.
by Stephen Grocer, Reporter, Deal Journal, The Wall Street Journal
Yahoo isn’t just selling, it is looking to buy, too.
The Internet web search and ad company’s chief technology officer, Ari Balogh, told the Reuters Global Technology Summit that Yahoo is looking to buy companies that will enable it to become a bigger player in social networking and revamp its family of products.
by Stephen Grocer, Reporter, The Wall Street Journal
Should Verizon Communications deals come with a warning label?
In the past few years, the telecommunications company has been shedding slow-growth businesses as it focuses on its wireless and FiOS businesses. While the deals have served Verizon well, they haven’t worked out as well for those acquiring the assets–at least in three cases.
by Heidi N. Moore, Senior Writer, Deal Journal, WSJ.com
On Monday, the markets started to question whether International Business Machines and Sun Microsystems will really get a deal done.
It was on March 19 that The Wall Street Journal reported that IBM was in talks to acquire Sun Micro. But it wasn’t until Monday that stock prices of the two companies really started to diverge, a sign perhaps that traders suddenly believed the deal could be endangered.
by Heidi N. Moore, Senior Writer, Deal Journal, WSJ.com
Microsoft may not need Yahoo, but Steve Ballmer’s legacy sure does. Perhaps that is why Ballmer opened a new chapter in the annals of perpetual torment [last Thursday] with this musing at the GartnerITXpo: A Microsoft takeover of Yahoo would “make sense economically for the shareholders of both companies,” he declared.
by Evan Newmark, Writer, Wall Street Journal Online, Deal Journal
If you are a believer in efficient markets, every now and then a hot tech stock comes along that pushes your conviction to its limits.
VMware was bought for $625 million by EMC in 2004, went public in 2007 and soon hit a market cap of $48 billion. It currently trades at about a quarter of that value.
Even the hottest stock can’t defy gravity indefinitely. Or can it?
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