Before the holiday, technology companies are going on spending sprees, and we don’t mean for barbecue supplies.
At least half a dozen noteworthy acquisitions, altogether worth more than $6.1 billion, were announced today as the short Fourth of July week kicks off. Here’s a quick rundown:
Dell Agrees To Buy Quest For $2.4 Billion — Capping a months-long bidding process, Dell has finally scooped up Quest Software, a maker of programs to manage corporate computer systems.
Micron Agrees To Buy Elpida For $2.5 Billion — Micron Technology, the Boise, Idaho-based semiconductor manufacturer, said it will acquire Elpida Memory. One analyst described this as a “great” deal for Micron. Elpida, the Japanese chipmaker that supplies components to Apple, is bankrupt and had held two rounds of bidding.
Mobile Ad Network Jumptap Raises $27.5 Million — While this is the only non-acquisition on the list, Jumptap says it’s preparing for an initial public offering. This was Jumptap’s seventh round of financing in as many years. Millennial Media, another mobile-ad provider, went public in March, and is now valued at $999 million. Before that, Google and Apple paid big money for mobile-ad companies.
Sony To Buy Cloud Gaming Company Gaikai For $380 Million — Thanks to cloud technology, Gaikai delivers high-end video games to smartphones, tablets and other devices that probably couldn’t run them otherwise. The service is similar to OnLive. Gaikai and PlayStation could play very well together.
Ingram Micro To Buy BrightPoint For $840 Million — The world’s largest technology distributor is getting together with a distributor of mobile devices, giving “customers one-stop access” to tech products, Ingram Micro Chief Executive Officer Alain Monie said in a statement.
The Weather Channel To Buy Weather Underground — Weather Underground is less likely to stay under the radar for much longer. The Weather Channel said it plans to acquire the popular website. Terms were not disclosed.
Beats Electronics Buys MOG Streaming Music (video) – The headphone maker said it closed its deal to acquire MOG, which makes a streaming-music service similar to Spotify. The companies declined to discuss terms of the deal. “We share a common goal of creating a more premium sound experience and emotional connection with music in the digital era,” MOG Chief Executive Officer David Hyman said through a spokeswoman. “Access to Beats partners could present new and interesting opportunities for MOG.”