Hasbro has reportedly made an acquisition offer to buy Mattel, according to sources of The Wall Street Journal, a deal that would make for quite the toy story... pun intended.
The massive collaboration between companies would see a conglomerate that owned franchises like Hot Wheels and My Little Pony under one roof, but the deal has Hasbro attacking Mattel while its weak. Hasbro is buffed right now after the massive sales of its Disney-themed toys, with the Star Wars franchise mixed in for good measure, as well as licenses for massive franchises in both the movie and TV markets.
Mattel on the other hand, isn't doing too well as physical toy sales are down. Hasbro was smart and closed their manufacturing facilities a while ago, but Mattel hasn't because physical toy sales (that need to be manufactured) are their bread and butter. The deal between Hasbro and Mattel would ignite some flames with a US antitrust lawsuit, as they would truly become the kings of the toy market.
The rumors of a Qualcomm takeover started a week ago with a huge $103 billion deal from Broadcom, but now Reuters is reporting that Qualcomm's board is planning to reject the offer.
Broadcom will reportedly offer $70 per share, which Reuters' sources say "undervalues the company and does not price in the uncertainty associated with getting the deal approved by regulators". Qualcomm is said to announce news of the $103 billion any minute now, but it might take a few days to trickle down to us in the real-world where $103 billion is unimaginable.
But as all big stories of $100 billion plus deals, Broadcom is said to be prepared to increase its bid to acquire Qualcomm according to Reuters' sources. It can get dirty from here, with Broadcom hoping to choose its own directors for Qualcomm's board, and if shareholders wants a deal, they can vote in new board members and force Qualcomm to negotiations.
A few days ago Intel announced it had collaborated with AMD on their new Kaby Lake G processor, with Radeon RX Vega GPU tech inside joined by 4GB of HBM2. 24 hours after that, Radeon Technologies Group Chief Architect, Raja Koduri, announced he was officially leaving. Rumor has it he was joining Intel, but even the largest analysts and tech media in the world didn't believe he'd join Intel for many reasons - anti-competitive reasons, and more.
It's now confirmed that Raja Koduri has joined Intel as their Chief Architect, and Senior Vice President of the newly-formed Visual Computing Group. Raja will also be the General Manager of a new initiative that will push edge computing solutions.
Dr. Murthy Renduchintala, Intel's chief engineering officer and group president of the Client and Internet of Things Businesses and System Architecture said: "Raja is one of the most experienced, innovative and respected graphics and system architecture visionaries in the industry and the latest example of top technical talent to join Intel. We have exciting plans to aggressively expand our computing and graphics capabilities and build on our very strong and broad differentiated IP foundation. With Raja at the helm of our Core and Visual Computing Group, we will add to our portfolio of unmatched capabilities, advance our strategy to lead in computing and graphics, and ultimately be the driving force of the data revolution".
Koduri has spoken as well, where the graphics god said: "I have admired Intel as a technology leader and have had fruitful collaborations with the company over the years. I am incredibly excited to join the Intel team and have the opportunity to drive a unified architecture vision across its world-leading IP portfolio that help's accelerate the data revolution".
Disney is thirsty for another massive acquisition, with CNBC reporting that the company is in discussions to buy 20th Century Fox, which is Fox's film and TV divisions. This purported deal would leave Fox to double down on its news and sports programs.
Fox would sell its entertainment divisions and make a tidy sum of money, as they're not interested in selling their Fox broadcast network that includes Fox Sports, and the Fox News and Fox Business brands. That doesn't matter however, as Disney is legally bound from buying the Fox network because it already owns ABC, leading into antitrust issues with ESPN.
Disney through an acquisition of Fox's film and TV divisions would secure the company massive international assets like Star and Sky, as well as FX and National Geographic. This deal could do some major things for Disney which has acquired some large players in the last few years making them one of the biggest entertainment companies in the world with Pixar, Lucasfilm, and Marvel.
Lenovo announced it will purchase a majority in Fujitsu's Client Computing branch in an effort to bolster its reduced PC market share.
Lenovo and the Development Bank of Japan have coordinated to acquire stake in Fujitsu's computing branch, with Lenovo purchasing a majority share at 51% and DBJ receiving 5% in the deal. Fujitsu will net about $245.45 million (28 billion yen) as part of the purchase contract, of which Lenovo will pay about $156.7 million in cash.
"The joint venture will focus on the research, development, design, manufacturing and sales of Client Computing Devices (CCD) for the global PC market," reads the press release announcement.
In the last 24 hours a story began surfacing that Kevin Spacey, the main actor in House of Cards by Netflix, attempted to sexually assault Star Trek Discovery actor when he was just 14 years old. The allegations forced Spacey to out himself as gay, and then claim that he honestly does not "remember the encounter".
Spacey tweeted out a massive reply, which you can see above, that he seems to really skim over. It seems he casually handles the sexual abuse of a 14-year-old, making this a very tragic event. Spacey said: "but if I did behave then as he describes, I owe him the sincerest apology for what would have been deeply inappropriate drunken behavior, and I am sorry for the feelings he describes having carried with him all these years". Deplorable.
Netflix reacted by canceling House of Cards after its upcoming sixth, and now final season. Netflix and Media Rights Capital released a statement, where they said: "Media Rights Capital and Netflix are deeply troubled by last night's news concerning Kevin Spacey. In response to last night's revelations, executives from both of our companies arrived in Baltimore this afternoon to meet with our cast and crew to ensure that they continue to feel safe and supported. As previously scheduled, Kevin Spacey is not working on set at this time".
Rick and Morty fans have been going crazy across the world to get their hands-on the is-it-real-or-not McDonald's Szechuan sauce promotion, but now one of these stories has gotten out of control.
The Drive is reporting that someone from Michigan put up a packet of their Szechuan sauce up for trade, with someone offering up their 2004 Volkswagen GTI in exchange for the Rick and Morty Szechuan sauce. The owner of the Volkswagen posted on Facebook after she traded her wheels for the sauce, saying "thank you for the insane trade on the VW Golf mk4 for the legendary Szechuan Sauce", continuing the post with "I hope you get lost in the sauce!". Hmmm, alrighty then.
I don't even know what to say, so I'm going to leave it to the comments to try and help me find my thoughts.
Yesterday we reported that Toshiba had sold its memory division for $18 billion to the Bain Capital consortium, Seagate have today confirmed their participation in the Bain Capital consortium to acquire Toshiba Memory Corporation. Seagate have committed $1.25 billion in funding to the group by March 2018, in return Seagate expect that this will enable a long-term NAND supply agreement with Toshima Memory that will provide NAND flash chips for Seagate's expanding SSD portfolio.
"Over the course of many years, Seagate has developed an excellent long-term relationship with Toshiba Memory, and we have always been impressed with their consistent leadership in advancing NAND technology," said Steve Luczo, Seagate's chairman and chief executive officer. "We are pleased and honored to be part of the Bain Capital consortium and to help facilitate maintaining Toshiba Memory as a world leading independent NAND technology company. We know that Bain Capital is dedicated to the long-term success of Toshiba Memory and believe this acquisition is in the long-term best interests of our industry and of storage customers worldwide."
With months and months of behind-closed-doors meetings and whispers, Toshiba has reportedly inked an $18 billion deal to sell of its chip business.
Western Digital was reportedly in the running for Toshiba's memory division, but a consortium led by Bain Capital LP took the lead and secured Toshiba's memory business. Something of note: SK Hynix is part of this consortium, which isn't in the best interests of WD.
Japanese companies will still maintain 50% of the business, keeping the local government with smiles on their dials, while Toshiba retains a 40.2% stake in Toshiba Memory Corp. Bain Capital LP will sail ahead with 49.9% of Toshiba Memory Corporation, while Japanese medical company, Hoya Corp, takes 9.9%.
French conglomerate Vivendi, who's vying for a take-over of hit games-maker Ubisoft, has once again abstained from voting in the video games publisher's annual shareholders meeting.
The results for Ubisoft's 2017 general shareholders meeting are in, and they show that Vivendi has once again opted not to show up for the proceedings. Vivendi is currently pushing to buy out Ubisoft by slowly accumulate share capital and voting rights, and currently sits on the largest pool of share capital owned by one stakeholder at 26.63%. The company also has a huge stockpile of voting rights, but has yet to implement them at a shareholders meeting due to bad blood (to say there's bad blood between Ubisoft and Vivendi is a massive understatement).
Vivendi's absence for Ubisoft's 2017 general shareholders meeting stamped a 29.99% "abstain" vote on every single resolution drawn up by the publisher, including Extraordinary Resolution 31 that would've granted all Ubisoft employees free company shares. The resolution was the only measure that failed to pass; combined with Vivendi's nearly 30% abstain vote, 9.98% of attending shareholders voted against the resolution. The Guillemots drafted the resolution in an attempt to fortify employee faith and goodwill in the company, and Ubisoft's leaders' calls on Vivendi to help the measures pass went unheeded.
Read More: Unfurling the Vivendi vs Ubisoft saga