CRM News: Deals

Microsoft Seeks Wingman for Yahoo Takeover

Wednesday - July 2, 2008

Microsoft may now be looking at a team-based approach to buying Yahoo. The company has talked with other media corporations about partnering up to split Yahoo's assets, according to a report in The Wall Street Journal, which cited sources close to the discussions. Microsoft could buy Yahoo's search business, while MySpace or AOL would take the rest of Yahoo's services, the Journal reported. Yahoo's shares have already spiked with the news, jumping almost 6 percent to $21.38 a share in morning trading. [More...]

EU Gives Nod to Nokia's Navteq Buy

Wednesday - July 2, 2008

European regulators cleared Nokia's takeover of U.S. digital mapmaker Navteq on Wednesday, saying the deal would be unlikely to shut off rivals' access to digital maps. Navteq is one of only two international producers of digital maps. The other one, Tele Atlas, was recently bought by navigation device producer TomTom. [More...]

With Linspire in Its Belly, Xandros Eyes Expansion

Wednesday - July 2, 2008

Custom Linux provider Xandros announced Wednesday that it has acquired Linspire, developer of the CNR software distribution facility, and the Linspire and Freespire Linux desktop operating systems. Xandros will use the combined technologies, expertise and market presence of the two companies to support its goal to becoming a one-stop Linux solutions company. [More...]

Blockbuster Quits Circuit City Pursuit

Wednesday - July 2, 2008

Blockbuster said Tuesday it is withdrawing its proposal to buy Circuit City Stores, the big-box electronics retailer whose sales have tumbled this year. Chief executive James Keyes said in a written statement that the proposed deal, at a price of more than $1 billion, didn't make sense because of market conditions. Blockbuster shares jumped nearly 12 percent on the news, while Circuit City shares continued their fall. [More...]

Merger Creates Mammoth Electronic Prescription Data Network

Tuesday - July 1, 2008

The two largest electronic prescription networks have decided to merge. By joining together their two platforms, RxHub and SureScripts maintain that both doctors and patients will benefit. Having one integrated system gives doctors more information about patients' health insurance plans as well as related medical history, Robin Cronin, a spokesperson for SureScripts told CRM Buyer. [More...]

Citigroup Sees Riches in Potential Yahoo, AOL Merger

Tuesday - July 1, 2008

A merger between Yahoo and Time Warner's AOL segment could generate annual synergies of about $900 million, according to Citigroup, which said in a recent note to clients that a few hints suggest a deal could be possible. Aside from annual savings, the broker said Yahoo would gain display scale and keep search options open while Time Warner would gain Internet scale via a passive equity stake in a larger entity. [More...]

'Family Guy' Guy Inks Toon Deal to Hook Google Ad Viewers

Monday - June 30, 2008

What seems to have started as a simple play to create new cartoon content for the Web -- and make money from it -- may in effect usher in a new media distribution model. A Web search engine giant, a highly paid cartoon creator, and a production company are all working together to deliver 50 two-minute episodes of edgy cartoons that will launch in September, according to a published report. [More...]

Yahoo Makes Its Case - Again, Gamers Make New Life Forms, Android Won't Make It on Time

Friday - June 27, 2008

Seeking to reassure investors -- many of whom were still stinging from Yahoo's decision to walk away from a multibillion-dollar merger with Microsoft -- CEO Jerry Yang and Chairman Roy Bostock sent a letter making their case for hooking up with Google instead of inking an ad deal with Redmond. [More...]

Virgin Mobile Snatches Up Helio in $39M Deal

Friday - June 27, 2008

Virgin Mobile USA is buying Helio, a struggling cell phone carrier that was founded to bring the advanced features of South Korean phones to the U.S. market. Virgin Mobile said Friday it would pay $39 million in stock for Helio, which has 170,000 subscribers, down from nearly 200,000 at the beginning of the year. [More...]

Yahoo Makes Its Case to Shareholders

Thursday - June 26, 2008

Seeking to reassure investors, many of whom are still stinging from the decision to walk away from a deal with Microsoft, Yahoo is laying out its case for partnering with Google instead of taking billions from the software maker. In a letter to shareholders, CEO Jerry Yang and Chairman Roy Bostock argue that the Google partnership "strikes the right strategic balance." [More...]

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