Technology News

Michael Dell clinches new $24.8 billion buyout deal

By Eileen O'Grady and Greg Roumeliotis ROUND ROCK, TEXAS/NEW YORK | Fri Aug 2, 2013 10:51am EDT ROUND ROCK, TEXAS/NEW YORK (Reuters) - Dell Inc and a group led by founder and Chief Executive Michael Dell reached a new deal on Friday that dramatically increases the chances of a $24.8 billion buyout going through. The new agreement includes a special dividend of 13 ce...

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Fisher Communications shareholders want more from Sinclair to sell

By Sruthi Ramakrishnan Fri Aug 2, 2013 9:40am EDT (Reuters) - Three minority shareholders of Fisher Communications Inc said a $373 million takeover bid by Sinclair Broadcast Group Inc undervalues the TV broadcaster and are looking to activist investor Mario Gabelli to derail the offer. Sinclair, which describes itself as the largest television broadcasting group in the Unite...

02 Aug 1:40 PM 0 Read More...

Dell committee and buyout group close to deal: sources

By Eileen O'Grady and Poornima Gupta ROUND ROCK, TEXAS / SAN FRANCISCO | Fri Aug 2, 2013 8:59am EDT ROUND ROCK, TEXAS / SAN FRANCISCO (Reuters) - Dell Inc's special committee and a group led by founder and Chief Executive Michael Dell are nearing a deal that dramatically increases the chances of his $24.6 billion buyout going through, two people familiar with the ma...

02 Aug 12:59 PM 0 Read More...

Dell committee and buyout group close to a deal: source

Fri Aug 2, 2013 7:34am EDT (Reuters) - Dell Inc's special committee and the buyout group led by company founder and Chief Executive Michael Dell are nearing a deal that would include an offer price of $13.75 per share and a special dividend of 13 cents, a source familiar with the matter said. The deal includes changing the company's buyout voting standard to exclude from the tally s...

02 Aug 11:34 AM 0 Read More...

Dell committee and buyout group close to a deal: WSJ

Fri Aug 2, 2013 6:50am EDT (Reuters) - Dell Inc's special committee and the buyout group led by the company's founder and chief executive, Michael Dell, are close to a deal, the Wall Street Journal reported, citing sources. Dell shareholders are scheduled to convene for a third time on Friday to vote on Michael Dell's $24.4 billion buyout proposal, helping decide the fate of the No....

02 Aug 10:50 AM 0 Read More...

T-Mobile Austria challenges spectrum auction terms

By Georgina Prodhan and Angelika Gruber VIENNA | Fri Aug 2, 2013 5:44am EDT VIENNA (Reuters) - T-Mobile Austria has filed a challenge to the terms of an auction due to be held in September for frequencies that will enable operators to build fourth-generation (4G) networks, its lawyer said. The move may create uncertainty around the auction for the 4G Long-Term Evolu...

02 Aug 9:44 AM 0 Read More...

Renesas to close Japan plant making chips for game consoles, cameras

TOKYO | Fri Aug 2, 2013 3:24am EDT TOKYO (Reuters) - Japan's Renesas Electronics Corp said Friday it will close a plant that makes system LSI chips for Nintendo Co Ltd's game consoles and other consumer electronics after failing to find a buyer for the facility in Tsuruoka in northern Japan. Employing 1,000 people, the factory struggled to make money as game console makers ...

02 Aug 7:24 AM 0 Read More...

Google bets customization will be Moto's X-factor

By Sinead Carew and Alexei Oreskovic NEW YORK/SAN FRANCISCO | Thu Aug 1, 2013 7:30pm EDT NEW YORK/SAN FRANCISCO (Reuters) - Motorola on Thursday unveiled a new smartphone that consumers can personalize with a choice of colors and materials, hoping to stand out in a crowded market and justify the $12.5 billion that Google Inc paid for the ailing handset maker. The hi...

01 Aug 11:30 PM 0 Read More...

DirecTV subscriber growth in Latin America slows

By Liana B. Baker Thu Aug 1, 2013 9:17am EDT (Reuters) - Satellite TV provider DirecTV (DTV.O) missed second-quarter earnings estimates as it lost more customers than expected in the United States and added fewer than expected in Latin America, sending its shares down 4 percent in premarket trading. In Latin America, usually the greatest driver of the company's business, it ...

01 Aug 1:17 PM 0 Read More...