Advisory firms follow ISS with Dell buyout endorsement

Michael Dell's offer to acquire outstanding shares in the company he founded and bring it private has been endorsed by two more advisory firms.

Glass Lewis and Egan-Jones, firms that advise shareholders in matters of public companies, announced on Monday that after reviewing Michael Dell's $13.65-per-share deal, it's in the best interests for the company's stockholders to vote for it.

The recommendation comes the same day Institutional Shareholders Services (ISS) announced that it believes that the deal -- which is valued at $24.4 billion and includes funding from investment firm Silver Lake Partners -- … Read more

Clearwire shareholders approve Sprint takeover

Sprint has jumped through the last hoop in its effort to buy the remaining stake in Clearwire.

On Monday, Clearwire shareholders approved a deal in which Sprint, which owns about 50 percent of the company, would buy the remaining shares of Clearwire for $5 a share. The companies said the deal is expected to close on Tuesday.

Clearwire offers a nationwide wireless broadband network using spectrum in the 2.5GHz band. Sprint, which had previously owned about 50 percent of the company, is the only customer that Clearwire has for its wholesale network business. The company also has a retail … Read more

Who wants 'New Sprint' shares? Not many Sprint shareholders

Sprint's merger deal with SoftBank might have received shareholder approval, but it appears the majority of those people have no desire to see what happens post-merger.

Sprint announced Monday that out of the more than 3 billion shares of Sprint stock outstanding, holders of 97 percent of those shares will be cashing out in the deal, rather than receiving shares in the "New Sprint."

For the deal's closing, which is scheduled to take place on July 10, current holders of just 3 percent of Sprint shares have chosen to retain possession of the company's stock. … Read more

Battle for Clearwire heats up as Sprint increases its bid

The fight for Clearwire is heating up as Sprint has increased its bid for the company in light of a recent increase by rival Dish Network, which also wants to buy the nationwide wireless broadband carrier.

On Thursday, Sprint announced it is increasing its bid to acquire the remaining shares it doesn't already own to $5 a share. Clearwire's special committee and board of directors are now recommending to shareholders that they reject Dish Network's offer and instead consider the offer from Sprint.

In May, Dish Network increased its bid for the company to $4.40 per share in cash, … Read more

ExploitShield becomes Malwarebytes Anti-Exploit

ExploitShield launched in September 2012 (covered previously by Seth Rosenblatt) with an ambitious goal: to close the yawning security gap for zero-day threats, those nasty exploits that arise upon first notice of a security vulnerability in a browser or other application before developers can fix the hole. Today, the ExploitShield technology gained a lot more visibility as it was acquired by security-software publisher Malwarebytes, whose Malwarebytes Anti-Malware software has been a Top 10 product on for many years.

As a result of the purchase, Malwarebytes has released a new beta version of the software, now called Malwarebytes Anti-Exploit. … Read more

Yahoo completes blockbuster $1.1 billion Tumblr acquisition

Exactly one month after announcing plans to acquire microblogging platform Tumblr for $1.1 billion, Yahoo has closed the deal.

The Internet giant announced Thursday that it officially owns Tumblr. The company announced the acquisition last month, saying that the $1.1 billion purchase price would be "substantially cash." The company also promised at that time "not to screw [Tumblr] up."

Tumblr is highly popular site with over 300 million monthly unique visitors. The company was founded in 2007. Under the terms of the deal, Tumblr will remain its own entity under the Yahoo … Read more

Stratasys acquires MakerBot in $403 million deal

MakerBot, one of the most well-known desktop 3D printing companies, has been acquired by Stratasys, the companies said Wednesday.

In a release, the companies said it was a stock-for-stock transaction worth about $403 million, based on Stratasys' stock price as of Wednesday. Stratasys will exchange 4.76 million shares of its stock for 100 percent of MakerBot's outstanding stock. By agreeing to be acquired, MakerBot becomes part of one of the leading industrial 3D printing companies. The deal also allows the publicly-traded Stratasys to compete more directly at the consumer level with 3D Systems and that company's Cube … Read more

Justice Department: FCC can proceed with review of Sprint-SoftBank deal

The Department of Justice has given the Federal Communications Commission the go-ahead to issue a decision on Softbank's proposed buyout of Sprint.

In a letter to the FCC on Friday (PDF), the department said the Justice Department -- including the FBI -- along with the Department of Homeland Security had no problem with the deal proceeding.

"The agencies have reviewed the information provided by the applicants and analyzed the measures undertaken by the applicants to address potential national security, law enforcement, and public safety issues, including supply chain issues," the letter said. "Based on this review, … Read more

Salesforce aims $2.5B deal at ExactTarget

Salesforce has entered a definitive agreement to acquire ExactTarget, a digital marketing software firm, for $2.5 billion, marking the cloud software company's biggest acquisition to date. 

Under the terms of the deal, Salesforce will buy all the outstanding shares of ExactTarget for $33.75 per share in cash, marking a premium of more than 50 percent on the company's stock closing price on Monday.

"The CMO is expected to spend more on technology than the CIO by 2017," said Salesforce chairman and chief executive Marc Benioff in prepared remarks. "The addition of ExactTarget … Read more

Top proxy firm ISS likes SoftBank's offer for Sprint

A top adviser to mutual funds and other large investors says Sprint shareholders should give the thumbs-up to SoftBank's offer to buy the company, but it doesn't address a rival, preliminary -- and higher -- offer from Dish Network.

In a report, proxy firm Institutional Shareholder Services said, according to The Wall Street Journal, that SoftBank's $20.1 billion offer "addresses Sprint's most compelling need: capital to acquire additional spectrum and complete the transformation of its network, enabling it to fully compete in the U.S. market."

The compelling need for capital aside, ISS … Read more