Seagate acquires LaCie

Seagate Technology plc. and LaCie S.A.  announced the completion of the purchase by Seagate of all of the shares of Philippe Spruch and his affiliate, representing 64.5% of the outstanding shares of LaCie for a provisional price of €4.05 per share. The price payable to Philippe Spruch and his affiliate may be increased by 3%, to €4.17 per share, in the event that within six months following today's date, Seagate holds at least 95% of the share capital and voting rights of LaCie.

Click to read more ...

Breaking News: Symantec Acquires VeriSign's security business

By Gadjo Cardenas Sevilla

Symantec announced the acquisition of Verisign's security business, which includes key technologies that enable safe and secure transactions online. Symantec will own VeriSign's name and trademarks as well as the Secure Sockets Layer (SSL) Certificate Services, the Public Key Infrastructure (PKI) Services, the VeriSign Trust Services and the VeriSign Identity Protection (VIP) Authentication Service.

Click to read more ...

Breaking News: HP purchases Palm

By Gadjo Cardenas Sevilla

We never saw this coming but HP has just purchased Palm Inc. The flagging smartphone maker's poor earnings coupled with less-than-stellar consumer reaction to its Pre and Pixi smartphones spelled trouble and it seemed Palm was floundering in the very segment it helped create.

Click to read more ...