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Business, Financial & Legal Posts - Page 273

Western Digital tried to buy Seagate last year

By: Array

Well isn't that interesting! In October last year Seagate rejected a takeover bid from Western Digital. According to "two people with knowledge of the matter" Western Digital was willing to offer between 10 and 15 percent more than a competing takeover from TPG Capital which had already flashed $7.5 billion dollars under Seagate's nose.


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However the sheer size of the proposal supposedly led to the refusal, not only would it have created a mammoth company, it would have also lead to huge product overlaps (internal, external HDD's, etc) and would've led to many managerial departures - on top of all of this, significant antitrust obsticles.


Groupon says no thanks to Google's $6 billion buyout offer

By: Array

Well, it looks like Google's money isn't good enough for the folks at Groupon. Google reportedly offered up to 6 billion dollars for the local coupon site, but this deal wasn't sweet enough for Groupon who now reportedly pulls in around $2 billion a year in revenues.


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This $2 billion figure is a lot higher than the original projections that had Groupon pulling in around $500 million a year. Groupon sees half of this amount as the other 50 percent goes to the merchant, but the full figure is counted as revenue. Three years worth of revenue obviously wasn't enough for Groupon, who is also possibly considering going public with an IPO next year.


WikiLeaks founder Julian Assange is wanted by Interpol

By: Array

Just two days after WikiLeaks released 251, 287 U.S. diplomatic cables to major media organizations such as The New York Times, international police organization, Interpol has placed Julian Assange on it's wanted list for "Sex Crimes" in a warrant issued by the Public Prosecution Office in Gothenburg, Sweden.


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If Assange returns to Australia (his home country) he may face criminal charges. He is also under investigation in the US for espionage. The Interpol charges are relating to rape allegations made by two different women in Sweden back in August.


Continue reading 'WikiLeaks founder Julian Assange is wanted by Interpol' (full post)

Digital Realty Trust to invest in $350 million data centre in Sydney

By: Array

Digital Realty Trust are a data centre reseller and hosting provider to Facebook, the company is setting a flag in Sydney for 2011 where it plans to spend $350 million on a data centre.


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Digital Realty has partnered with Macquarie Capital to bid for the NSW government's data centre consolidation project. Kris Kumar who is the Asia-Pacific chief has said that it [Digital Realty Trust] have ambitious plans for regional growth, saying "I'd like to see 10 per cent of global revenue coming from Asia-Pacific in the next few years."


Continue reading 'Digital Realty Trust to invest in $350 million data centre in Sydney' (full post)

Bill to split Telstra passed by Australian Senate - NBN finally?

By: Array

Finally - the future of this countries broadband seems to be making a step forward instead of sitting around gathering dust, the Australian Labor Party-backed National Broadband network is another step closer to reality as the Senate voted in favour of an AU$11 billion for Telstra's copper network.


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The vote also approves the split of Telstra into both a retail group and a wholesale network group. The House of Representatives will weigh in on Monday - with it looking like all thumbs up from them too.


Continue reading 'Bill to split Telstra passed by Australian Senate - NBN finally?' (full post)

Apple buy HP land to expand their HQ

By: Array

HP announced a few months ago that it has planned to move out of the area in the below picture, Apple have purchased the 98 acre area of land that will roughly double their current HQ in Cupertino.


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The move helps Apple, as they're bigger than ever right now - they have hired an extra 12, 300 employees which raises their workforce to 46, 600 workers - many of them in Cupertino.


Continue reading 'Apple buy HP land to expand their HQ' (full post)

PlayStation boss Kaz Hirai set to become Sony President?

By: Array

A report out by Bloomberg is saying that Sony is looking to take the current CEO of Sony, Howard Stringer and replace him with PlayStation boss Kaz Hirai.


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Howard stepped up to the CEO plate in 2009, would keep his role as CEO and chairman but it's said that putting "fresh blood" in as "deputy" will both make Howard's job easier and give whoever gets the Deputy position a chance to shine and show they can handle the reigns of the position if he ever moves on.


Telstra to jump on the couch together with Oprah

By: Array

No, not Opera, the web browser - Oprah as in one of the most powerful women in the world, Oprah. Telstra today announced it has secured a deal with The Oprah Winfrey Show to supply network support for the live shows as well as ensuring network coverage for the show's 300 guests next month.


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Back in September, The Oprah Winfrey Show announced that it would fly 300 audience members out to Australia to film two live shows at the Sydney Opera House on 14th of December - the trip is partly paid for by a $3 million fund from the Australian Government.


Continue reading 'Telstra to jump on the couch together with Oprah' (full post)

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