acquisition

Apple CEO: We've looked at a few big companies to buy

Apple had considered a few blockbuster acquisitions in the past, but ultimately stuck with smaller deals.

That's according to CEO Tim Cook, speaking at an investor conference hosted by Goldman Sachs this morning. He said that Apple at points had looked at buying large companies, but in each case, they failed to pass muster.

"It didn't pass our test for various reasons, and we've looked at more than one," Cook said. "Would we look again? I'm sure we will."

Apple's decision to stay away from bigger deals has helped it avoid … Read more

Google to nab e-commerce firm Channel Intelligence for $125M

Google has signed a deal to acquire e-commerce-solutions company Channel Intelligence for $125 million in cash.

Channel's parent company, ICG, announced the deal today.

Channel's technologies are designed to boost the sale of products online. The company offers a Facebook platform, product search engines, and other services created for companies looking to improve product sales. Channel, based near Orlando, Fla., claims that it "drives $2 billion in sales annually in referred sales online in computing products, home improvement products, appliances, consumer electronics, toys and a variety of other consumer packaged goods."

Google is obviously no stranger … Read more

Philips sells audio, video unit to Funai for $202 million

Royal Philips Electronics has signed a deal to sell its consumer-oriented lifestyle entertainment division to Funai Electric.

According to Philips' announcement today, Funai is paying 150 million euros ($202 million) for the division, which includes audio, visual, multimedia, and accessories. Funai will also license the Philips brand for five-and-a-half years.

Philips' lifestyle entertainment division is made up of a wide range of consumer products, including the company's home speakers, DVD players, and headphones. Although those products will still be available with Philips branding, Osaka, Japan-based Funai will be developing them.

According to Philips CEO Frans van Houten, the move … Read more

Lenovo downplays RIM acquisition rumors

Lenovo has backed away from speculation that it is planning to acquire Research In Motion.

In an interview last week with Bloomberg, Lenovo Chief Financial Officer Wong Mai Ming said that his company is "looking at all opportunities" as it pertains to acquisitions and that a dialogue is open between RIM and Lenovo.

Soon after, the Web erupted with claims that Lenovo and RIM are talking about a buyout.

However, in a statement e-mailed to CNET today, a Lenovo spokesperson said that Wong's comments were taken out of context:

We are aware that Lenovo's CFO...was … Read more

Now we're talking: Amazon buys text-to-speech provider Ivona

Amazon has acquired text-to-speech technology provider Ivona Software for an undisclosed amount, broadening its in-house capabilities as the Internet retailer continues to push its tablet business.

The two companies have collaborated in the past, Amazon noted, with Ivona's technology powering the text-to-speech, voice guide, and explore-by-touch features on Kindle Fire tablets.

In addition, Poland-based Ivona delivers text-to-speech products and services to thousands of developers, businesses, and customers around the world. It offers voice and language portfolios with 44 voices in 17 languages, and it's developing even more.

Amazon has been expanding its tablet business to take on companies … Read more

Yahoo buys Snip.it, a Pinterest clone for content curators

Update, 3:20 p.m. PT: Snip.it confirmed that it was acquired by Yahoo. Terms of the deal were not disclosed.

Yahoo has acquired Snip.it, a Pinterest-like service for saving articles to collections and sharing them with groups.

Yahoo is paying "mid teens" of millions of dollars for the content discovery site and will announce the deal this week, according to AllThingsD, which cited sources familiar with the deal.

Snip.it was founded by Ramy Adeeb, a former principal at Khosla Ventures, to help people better collect and share content -- articles, images, and videos -- … Read more

Shutterfly picks up cloud-based image-storing site ThisLife

Shutterfly announced today that it has acquired cloud-based image-storing service ThisLife.

ThisLife is a lesser-known service for users who want to store photos and videos on the Web. Upon uploading videos or images to ThisLife, users can organize them into events or categories and share them with others. Shutterfly didn't say how much it acquired ThisLife for, but the company noted that the deal will enhance its own services.

According to Shutterfly, in the coming months, it will incorporate ThisLife's storage and sharing features into its own platform. Users will be able to add photos from a host … Read more

Dropbox snaps up cloud-based photo organizer Snapjoy

Dropbox is continuing to reveal its interest in getting into the online photo sharing space. The latest piece of evidence is the acquisition of Snapjoy, a startup that provides a cloud-based photo library.

For reference, Snapjoy's platform can be used to collect photos from a multiude of online and offline sources (i.e., Flickr, desktops, an iPhone, etc.) to be stored in a cloud-based account. Users can elect to share some or all photos, either via invite to select friends or on social networks.

One of the differences that Snapjoy aimed to convey is that its elegant photo stream … Read more

Best Buy founder will make buyout offer by tomorrow -- report

Best Buy's Richard Schulze is ready to make his buyout bid for the company he founded.

By the end of this week, Schulze is expected to make a $5 billion to $6 billion offer for Best Buy, the Star Tribune is reporting, citing unidentified sources who claim to have knowledge of his plans. Last week, Schulze reportedly inked deals with private equity firms and bankers to help him finance the deal.

Schulze founded Best Buy in 1966. Over the summer, he submitted plans to buy out Best Buy for between $24 and $26 a share, representing a 36 percent … Read more

Apple could make bid for map firm TomTom, analyst says

Apple could make a bid for GPS and mapping company TomTom, according to an analyst.

In a note to investors today, Hans Slob, a Netherlands-based analyst at Rabobank International, said he believes there's a 30 percent chance of Apple offering to acquire TomTom. The move, he said, would be designed to quickly handle any troubles Apple could be facing with its Maps iOS application.

"TomTom needs the cash from Apple, and Apple needs the know-how of TomTom," Slob said, according to Bloomberg, which was first to report on the story.

It's not clear if Slob was … Read more