YouTube and the popular video game streaming site Twitch have begun talks for a potential buyout. Variety had reported earlier in the day through an anonymous source that said the deal is "imminent for $1 billion," but the Wall Street Journal countered with "two people familiar with the matter" which stated that while "a deal isn't "imminent," "talks are at an early stage." Twitch...
BlackBerry Monday announced it has agreed to a buyout offer led by Fairfax Financial Holdings Limited by singing a letter of intent. The consortium led by Fairfax, which already owns 10-percent of BlackBerrry, is offering $9 in cash for each BlackBerry share valuing the Waterloo company at approximately $4.7 billion. BlackBerry is trading between $8.16 and $8.60 during today’s trading...
Dell might go private, and Microsoft wants to help. The Redmond company apparently wants to loan out up to $3 billion as a "mezzanine" investment, which could convert to equity if Dell fails to pay Microsoft back. And that's about it—for now. Dell is already onboard with Windows 8, and adopting new tech from Intel, so Microsoft's possible involvement won't do too much to change the...
Late last week, a wild rumor that suggested Samsung was gearing up to purchase rival smartphone vendor Nokia began circling the web. We had our suspicions that someone, somewhere along the line, was pulling our leg. And today the Korean electronics giant has confirmed in a short statement to Reuters that the reports are "purely speculative" and "not true." Despite no truth in the...
As Zynga continues to roll through the mobile and Facebook game development worlds, it seems the company is poised to buy up any fast-moving, successful studio making a blip on the radar. Their newest target, however, is one studio that's made much more than a minor blip. Rovio, the makers of Angry Birds. The rumor comes from an extensive piece from Bloomberg that focuses on Zynga's...
OMGPOP, the studio behind Draw Something, was acquired by Zynga for around $200 million in the last two weeks. During that purchase, one OMGPOP employee decided to walk away from the company in order to keep making and supporting his own, independent games. That dev is Shay Pierce, and you can read his story now. In the wake of the buy and the loss of Pierce, OMGPOP CEO Dan Porter took...
Word has it that Zynga, the large company with a penchant for either buying up small developers or recreating their games under a new name, has purchased the studio behind Draw Something. Zynga has scheduled a call for 3:00pm EST with press to make the announcement, according to the report This story comes from All Things Digital. As the headline of this post runs, the mega company...