Mon, Aug. 22, 10:45 AM
- Microsoft (MSFT +0.1%) plans to shut down Genee on September 1 and integrate the service into Office 365.
- On the product: "Genee uses natural language processing and optimized decision-making algorithms so that interacting with a virtual assistant is just like interacting with a human one."
- Genee press release
Thu, Aug. 11, 12:02 PM
- Microsoft's (MSFT +0.4%) "Team Xbox" announced the deal for the "innovative and interactive livestreaming service that gives viewers the ability to watch and play along with their favorite game streamers in real-time."
- A main aspect and differentiation of the platform is interactivity, whereas gaming experiences from Twitch (AMZN), YouTube (GOOG, GOOGL) and others feature mainly viewing and live broadcasting.
- More from the release: "We at Xbox are excited about this convergence between playing and watching, and want to provide gamers with the freedom and choice to have great multiplayer experiences across all of Beam’s platforms. This acquisition will help gamers enjoy the games they want, with the people they want, and on the devices they want."
- Beam launched just this year and is based in Seattle. Terms of the deal were not made available.
- Beam press release
Sun, Jul. 24, 8:23 AM
- Salesforce (NYSE:CRM) CEO Marc Benioff, who recently lost a bidding war for LinkedIn (NYSE:LNKD) to Microsoft (NASDAQ:MSFT), would have made a stronger bid for the social network had it continued talks with him after its call for final offers.
- Persistent bidding by Salesforce - during the two months before LinkedIn's agreement to negotiate exclusively with Microsoft - ultimately raised the price of the deal by 22%, or $5B.
Sun, Jul. 3, 9:20 AM
- A bidding war with Salesforce.com (NYSE:CRM) forced Microsoft (NASDAQ:MSFT) to pay nearly $6B extra last month to seal its planned takeover of LinkedIn (NYSE:LNKD).
- Details of the frenzied bidding were revealed in a filing with the SEC ahead of a shareholder vote to approve the transaction.
- A month-long back-and-forth between the two rivals pushed the value of the all-cash deal to $26.2B, making it the third-largest acquisition in the tech industry.
- Previously: Bloomberg: Salesforce bid for LinkedIn prior to the Microsoft deal (Jun. 16 2016)
Thu, Jun. 16, 6:03 PM
- Salesforce (NYSE:CRM) was bidding for LinkedIn (NYSE:LNKD) before the professional social network agreed to a $26.2B deal with Microsoft (NASDAQ:MSFT), sources tell Bloomberg.
- There was already speculation Salesforce (currently has a $55.3B market cap) or another third party was vying to acquire LinkedIn, given Microsoft is paying a near-50% premium to where LinkedIn traded before the deal was announced. LinkedIn's recruiting/jobs products would've complemented Salesforce's cloud CRM apps, and its user data could've been integrated with the apps. LinkedIn's Sales Navigator social selling tool already syncs with Salesforce's apps.
- Last year, Salesforce was reported to have held buyout talks with Microsoft that fell apart due to disagreements over price.
Mon, Jun. 13, 8:53 AM
- Microsoft (NASDAQ:MSFT) will fund the deal mostly by issuing debt, with LinkedIn's (NYSE:LNKD) results to be reported as part of MSFT's Productivity and Business Processes segment. EPS is expected to take a minimal hit in fiscals 2017 and 2018, but the deal should become accretive beginning in fiscal 2019.
- The purchase is expected to close this year.
- Microsoft still intends to complete its current $40B buyback plan by year-end.
- Jeff Weiner will remain CEO of LinkedIn, reporting to Microsoft chief Satya Nadella.
- Nadella: "Together we can accelerate the growth of LinkedIn, as well as Microsoft Office 365 and Dynamics as we seek to empower every person and organization on the planet.”
- A conference call is scheduled for 11:45 ET.
- LNKD remains higher by 48.4% to $194.49. Reopened for trade, MSFT is lower by 3.6%.
- Previously: Microsoft buys LinkedIn for $26.2B (June 13)
- Twitter next? TWTR is higher by 4% premarket.
Mon, Jun. 13, 8:40 AM
Fri, May 27, 1:53 PM
- Sources tell dealReporter P-E firm Vista Equity is close to an agreement to buy Marketo (MKTO +6.7%), and that a deal could be announced in the "next couple " of weeks.
- The site adds Marketo's lack of profits limited buyout interest, and that Vista will have to show it can deliver major cost cuts to secure debt financing for the deal.
- Marketo surged earlier this month on reports the company is exploring a sale. There had been speculation Microsoft (NASDAQ:MSFT) and/or SAP - each of which could use Marketo's cloud marketing automation software to fill out their cloud CRM software lines and better compete against Oracle/Salesforce - would bid for the company.
- Shares are up 43% since the reports arrived on May 10. If Vista buys Marketo, Microsoft/SAP buyout speculation could turn towards rival HubSpot (HUBS +0.8%).
Wed, May 18, 9:27 AM
- Microsoft (NASDAQ:MSFT) is bailing out on Nokia's feature phone business, selling its assets there to FIH Mobile (a unit of Foxconn (OTC:FXCOF)) and HMD Global for just $350M.
- FIH Mobile takes over Microsoft Mobile Vietnam in the deal, and that unit's 4,500 employees will join FIH Mobile or HMD Global or transfer.
- All feature phone assets are transferring, but Microsoft will continue work on Windows 10 Mobile and supporting Lumia phones from OEM partners.
- Microsoft had a feature phone brand license until 2024 but is electing to get out of the business now. Speculation points to the prospect of a Surface Phone launch in the coming year.
- MSFT is -0.5% premarket.
- Now read Microsoft Should Say Goodbye To Lumia, Let Another Firm Carry That Brand »
Tue, May 10, 4:12 PM
- Reacting to news of a possible sale of Marketo (NASDAQ:MKTO) -- which just closed up 24.7% after spiking 15% on earlier chatter -- Credit Suisse believes SAP is the most likely acquirer.
- Several vendors are still missing critical CRM components, the firm says, and Microsoft (NASDAQ:MSFT) is a potential bidder as well.
- Acquisitions in the cloud sector have tended to focus on the multiples of enterprise value to the last-12-months subscription revenues, it says.
- Modeling several acquisitions over the past year and applying that multiple to Marketo ($198.9M in last-12-months sub revenue, and revenue growth of 38.1%) brings a share price of $44.35 -- 65.7% upside from the just-inflated closing price. Applying a standard error to the multiple brings a warranted price range of $37.03-$51.67 (38% to 93% upside).
- Now read Competition The Issue As Marketo Pivots To Enterprise »
Tue, May 10, 2:48 PM
- Marketo (NASDAQ:MKTO) has resumed trading after a volatility halt, spiking up 15.5% on reports that it's considering strategic options, including a possible sale of the company.
- Shares had moved in early April on similar talk, possibly with acquisition interest from Microsoft or SAP.
- Later last month, Bernstein speculated that most likely acquirers were SAP, Adobe (NASDAQ:ADBE) and Microsoft (NASDAQ:MSFT).
- Now read Competition The Issue As Marketo Pivots To Enterprise » »
Tue, May 3, 2:09 PM
- Acquisition-happy Microsoft's (MSFT -1.3%) latest buyout target is Solair, an Italian provider of software/services used to deploy, monitor, and collect data from IoT devices. Terms are undisclosed; offshore cash was presumably used.
- Microsoft: "Solair shares our ambition for helping customers harness their untapped data and create new intelligence with IoT, and this acquisition supports our strategy to deliver the most complete IoT offering for enterprises." The company adds Solair's services are built on Azure, and will be integrated with Microsoft's Azure IoT Suite (launched last year).
- Existing Solair clients include espresso machine maker Rancilio Group and power supply system maker AEG Power. In addition to Microsoft, Amazon, IBM, and Cisco have been making big investments in cloud-based IoT services. In February, Cisco announced a $1.4B+ deal to buy IoT service provider Jasper Technologies.
- Recent Microsoft acquisitions
Thu, Apr. 7, 2:58 PM
- Yahoo (NASDAQ:YHOO) shares have jumped into positive ground, now up 1.2%, on news that Verizon (NYSE:VZ) is proceeding with a bid for its core assets.
- Shares were down as much as 2.6% today.
- Alphabet unit Google (GOOG, GOOGL) is also weighing its own bid, Bloomberg reports, with interest also showing up from Bain Capital and TPG. Time Inc. (NYSE:TIME) is still out there as well.
- AT&T (NYSE:T) and Comcast (NASDAQ:CMCSA) are losing interest, Bloomberg also said, with Microsoft (NASDAQ:MSFT) also deciding it wouldn't bid.
- Verizon might also put in for Yahoo's Japan interests, the report said.
- Updated 3:06 p.m.: After a big spike into positive ground, Yahoo shares have gone negative again, -0.1%. Verizon is said to value the core business at less than $8B, vs. Yahoo's hopes for a $10B valuation, and has engaged three banks.
- Now read Yahoo Should Be At Least $48 A Share »
Thu, Mar. 24, 7:49 PM
- Microsoft (NASDAQ:MSFT) has been meeting with private-equity firms and saying it might lend "significant" financing to a bid for Yahoo (NASDAQ:YHOO), Re/code reports.
- That could add seriousness to what many have considered a slow sales process on Yahoo's part. Earlier today, Starboard followed through on launching a proxy challenge with its own board slate amid its complaints about the sales effort.
- Microsoft's chief of partnerships and acquisition strategy, Peggy Johnson, is part of that company's talks, sources told Re/code -- with a clear interest in making sure whoever buys Yahoo will be a good partner, alongside Microsoft's close search and advertising ties to the company.
- Yahoo may want $10B for a core business many price at $6B-$8B. “If Microsoft put in a billion, it would cost them almost nothing,” says one investor. “It’s a minor thing and it buys them a lot.”
Fri, Mar. 4, 4:59 PM
- TechCrunch reports Microsoft (NASDAQ:MSFT) considered buying Slack (Private:SLACK), a fast-growing provider of enterprise messaging/collaboration apps and services, for up to $8B.
- EVP Qi Lu (in charge of Office, Bing, Skype, Exchange, and SharePoint) reportedly pushed for a deal, but Bill Gates and Satya Nadella ultimately shot it down, with Gates arguing Microsoft should try to better compete with Slack by adding features to Skype for Business (formerly known as Lync).
- Slack was valued at $2.8B in a 2015 funding round, and was recently reported to be looking to raise $150M-$300M at a $3.5B-$4B valuation. The company competes to an extent with newly-public Atlassian (NASDAQ:TEAM), and monetizes its services through a freemium model. It recently claimed to have 2.3M daily active users (675K paying), up from just 520K a year ago, along with $64M in annual recurring revenue. (Slack's product page)
- Continuing a recent trend of making nice with popular rival services, Microsoft recently struck a deal with Slack to allow Skype voice/video calls to be launched from Slack apps. The company has also moved to improve Skype's iOS/Android feature set, and to integrate a slew of Skype features with enterprise versions of Office 365.
Wed, Feb. 24, 2:24 PM
- Xamarin provides popular software tools for developing mobile apps (iOS, Android, and Windows) using the C# programming language, as well as a cloud-based test platform for apps that supports multiple languages. Microsoft (MSFT -0.1%) is continuing its mobile M&A spree by acquiring Xamarin for an undisclosed sum.
- Microsoft notes Xamarin has 15K+ customers (including over 100 Fortune 500 firms) and claims the support of 1.3M developers. Notable clients include Honeywell, Kellogg's, Flipboard, Thermo-Fisher, NBCUniversal, and Microsoft itself.
- Redmond has already partnered with Xamarin to integrate the company's tools with its core Visual Studio software development platform, as well as with Azure, Office 365, and the Enterprise Mobility Suite. The company declares "the combination of Xamarin, Visual Studio, Visual Studio Team Services, and Azure delivers a complete mobile app dev solution that provides everything a developer needs to develop, test, deliver and instrument mobile apps for every device."
- The news comes three weeks after Microsoft announced it's buying iOS/Android keyboard developer SwiftKey; the FT reported the purchase price is $250M. HockeyApp, a provider of tools for analyzing app crash data and distributing beta releases, was acquired in 2014.
- Update: A source talking with the WSJ put the deal price at between $400M and $500M.
Microsoft Corp. engages in the provision of developing and marketing software and hardware services. Its products include operating systems for computing devices, servers, phones and intelligent devices. It also offers server applications for distributed computing environments, productivity... More
Industry: Application Software
Country: United States