WordPress owner Automattic to acquire Tumblr for ‘nominal amount’

Verizon announced today that it has sold blogging platform Tumblr to Automattic, the company behind WordPress. The Wall Street Journal says the transaction is valued at a “nominal amount,” despite Tumblr having once been sold acquired by Yahoo for $ 1.1 billion. more… The post WordPress owner Automattic to acquire Tumblr for ‘nominal amount’ appeared […]

Logitech to reportedly acquire headphone maker Plantronics for $2.2B

Popular computer accessories maker Logitech may be looking to purchase Plantronics, a company that specializes in Bluetooth earpieces and headsets. According to a report from Reuters, this would be Logitech’s largest acquisition by far to date. This would also help diversify its business and move into new markets. more… The post Logitech to reportedly acquire […]

Apple ‘Not Interested’ in Outbidding AT&T to Acquire Time Warner

Apple is “not interested” in buying media company Time Warner currently, according to “people familiar with the thinking at the company” who spoke today with CNBC. Two weeks ago, AT&T announced its interest to purchase Time Warner for $85.4 billion, but as noted today, the regulatory process taken in such acquisitions “could last for months,” […]

WSJ: AT&T agrees to acquire Time Warner for >$80 billion, deal to be announced shortly (update: official!)

Update: AT&T has officially announced that it will acquire Time Warner for $ 107.50 per share. The deal will now go through the usual legal process to ensure the companies comply with anticompetitive regulations. Original story below … After a few days of deliberations, the Wall Street Journal is reporting that the deal is done. AT&T has agreed […]

Apple in Talks to Acquire Luxury Carmaker and Formula One Team McLaren

Apple has approached British luxury carmaker and Formula One team McLaren about a potential acquisition, likely to be valued at between $1.3 billion and $1.9 billion, according to Financial Times. Apple is reportedly considering a full takeover of McLaren, or a strategic investment in the company, likely in an effort to bolster its widely rumored […]