CenturyLink will acquire Level 3 Communications in $34B deal

CenturyLink plans to acquire internet backbone company Level 3 Communications in a $34 billion cash and stock deal that aims to consolidate the networks and customers of the two companies.
The combined company, operating in more than 60 countries, will be able to offer CenturyLink’s larger enterprise customers the benefits of a larger global presence, and will also be positioned to further invest in the reach and speed of its broadband infrastructure for small businesses and consumers, the companies said.
CenturyLink is currently focused on global communications, hosting, cloud and IT services, offering both network and data systems management with more than 55 data centers in North America, Europe and Asia. It provides broadband, voice, video, data and managed services over a 250,000-mile U.S. fiber network and a 300,000-mile international transport network.To read this article in full or to leave a comment, please click here


Original URL: http://www.computerworld.com/article/3136991/it-industry/centurylink-will-acquire-level-3-communications-in-34b-deal.html#tk.rss_all

Original article

Cloud player Rackspace goes private in $4.3B deal

A private equity firm has signed an agreement to buy major cloud player Rackspace for $4.3 billion.Rackspace announced today that Apollo Global Management, a U.S.-based investment manager, will acquire the company in a deal that will give Rackspace shareholders $32 per share.”Our board, with the assistance of independent advisors, determined that this transaction, upon closing, will deliver immediate, significant and certain cash value to our stockholders,” said Graham Weston, co-founder and chairman of Rackspace, in a statement. “We are also excited that this transaction will provide Rackspace with more flexibility to manage the business for long-term growth and enhance our product offerings.”To read this article in full or to leave a comment, please click here


Original URL: http://www.computerworld.com/article/3112742/cloud-computing/cloud-player-rackspace-goes-private-in-43b-deal.html#tk.rss_all

Original article

How Wal-Mart enables ‘innersourcing’ with Github

Talk to Wal-Mart software engineers and you’ll hear them speaking candidly about how open source technology influences virtually every project they undertake. What you may not know is that the retail giant’s programmers have also embraced the open source ethos of sharing code to run ecommerce, search, mobile payments and other digital functions. Known as enterprise source, internal open source and innersource, the twist on traditional open source has caught on at other organizations, including Autodesk, Capital One, Paypal and Bloomberg.To read this article in full or to leave a comment, please click here


Original URL: http://www.computerworld.com/article/3101429/open-source-tools/how-wal-mart-enables-innersourcing-with-github.html#tk.rss_all

Original article

Yahoo sells internet biz to Verizon in $4.8B deal

Ailing Yahoo is selling off its operating business for about $4.8 billion to Verizon Communications in a cash deal that will reduce the storied tech company to mainly holding its cash, stakes in Alibaba and Yahoo Japan and non-core patents.
For Verizon, the acquisition will help it gain Yahoo’s 1 billion monthly active users, its internet properties and key applications like search and email, and its advertising systems. Verizon is not unfamiliar to the acquisition and integration of web companies after its 2015 acquisition of AOL for $4.4 billion, when it acquired similar assets.
The transaction is expected to be completed by the first quarter of next year, subject to regulatory approvals, ending a long drawn out bidding process for the company. After the transaction is closed, Yahoo will be integrated with AOL under Marni Walden, its executive vice president and president of the Product Innovation and New Businesses organization at Verizon,


Original URL: http://www.computerworld.com/article/3099228/internet/yahoo-sells-internet-biz-to-verizon-in-48b-deal.html#tk.rss_all

Original article

Chinese $1.2B deal for Opera crumples

The planned sale of Opera Software to a group of Chinese companies for $1.2 billion has foundered, the Norwegian browser maker announced today.Instead, an alternate deal has been struck to sell the Opera desktop and mobile browsers, and other small pieces, to a Chinese private equity firm for $600 million.The original transaction folded after it failed to win regulatory approval from the U.S. and People’s Republic of China (PRC) by a July 15 deadline. Opera did not specify whether approval was lacking from both countries, or just one. “The Offeror and Opera have used their best efforts to obtain the regulatory approvals required for the consummation of the Offer, but the condition…was not satisfied,” Opera said in a Monday statement.To read this article in full or to leave a comment, please click here


Original URL: http://www.computerworld.com/article/3096755/it-industry/chinese-12b-deal-for-opera-crumples.html#tk.rss_all

Original article

Microsoft scoops up LinkedIn for $26.2B in cash

Microsoft has made a big bet on LinkedIn, announcing Monday that it will spend nearly $26.2 billion in cash to purchase the enterprise-focused social networking and recruiting company.The acquisition, the largest in Microsoft’s history and one of the biggest tech acquisitions ever, will combine the world’s largest enterprise-focused social network with one of the biggest enterprise software companies.The deal is more than just a social play. In addition to LinkedIn’s core professional networking product, Microsoft also gains access to products including presentation-sharing software SlideShare and professional training service Lynda.com.To read this article in full or to leave a comment, please click here


Original URL: http://www.computerworld.com/article/3082575/enterprise-applications/microsoft-scoops-up-linkedin-for-262b-in-cash.html#tk.rss_all

Original article

Massive growth shows why Amazon is the public cloud leader

Amazon showed off its dominance in the public cloud market on Thursday as the capstone to a better than expected quarterly earnings report.

Revenue from Amazon Web Services during the first quarter of 2016 was up 64 percent year-over-year, showing the big money that’s still out there as companies invest more and more in the public cloud. 

Amazon’s cloud platform generated revenue of $2.56 billion, putting it on pace to make $10 billion this year, in line with a letter from CEO Jeff Bezos sent to shareholders earlier this month. That’s big money to go with Amazon’s massive customer base, which includes names like Netflix, Time Inc. and Intuit. 

To read this article in full or to leave a comment, please click here


Original URL: http://www.computerworld.com/article/3063008/cloud-computing/massive-growth-shows-why-amazon-is-the-public-cloud-leader.html#tk.rss_all

Original article

Supreme Court rejects challenge to Google book-scanning project

The U.S. Supreme Court has refused to hear a copyright infringement case against Google for its now 12-year-old effort to scan books and allow people to search them online.

The Supreme Court, without comment, rejected an appeal by the Authors Guild to overturn an October 2015 appeals court ruling finding that the massive Google books program falls under so-called fair use exemptions to copyright protections.

Fair use allows limited reuse of copyright-protected works for criticism, parodies, education and other purposes. Fair use also allows for people to transform the original content into a new type of work, and that transformation of the printed books was part of Google’s argument in this case.

To read this article in full or to leave a comment, please click here


Original URL: http://www.computerworld.com/article/3057885/internet/supreme-court-rejects-challenge-to-google-book-scanning-project.html#tk.rss_all

Original article

Former Intel CEO and Silicon Valley legend Andy Grove dies

Former Intel CEO Andrew S. Grove, who is credited with the transition of the company from making memory chips into microprocessors for the PC era, has passed away at the age of 79.

Grove, who became Intel’s president in 1979 and CEO in 1987, was the first hire when Robert Noyce and Gordon Moore founded the company after quitting Fairchild Semiconductor in 1968. He had been hired by Moore at Fairchild as a researcher after graduation and rose to assistant head of research and development under Moore.

Born András Gróf in Budapest, Hungary, in 1936, Grove grew up during a dangerous time for Jews in Hungary in the face of the Nazi advance. His family was able to avoid capture during World War II, and Grove left Hungary in 1956, walking across the Hungarian border to Austria after the former Soviet Union invaded Hungary to quell an uprising.

To read this article in full or to leave a comment, please click here


Original URL: http://www.computerworld.com/article/3046897/it-industry/intels-former-ceo-and-silicon-valley-legend-andy-grove-dies.html#tk.rss_all

Original article

Proudly powered by WordPress | Theme: Baskerville 2 by Anders Noren.

Up ↑

%d bloggers like this: