Tech wrap: Yahoo finds interclick, pays $270 million for it
Yahoo will pay $270 million for interclick as it tries to revive its ailing online advertising business, even as the search and advertising giant continues to scout for potential bidders. Yahoo is paying $9 per share, or about a 22 percent premium, for the online advertising technology firm. “It’s not a transformational acquisition, but it helps Yahoo in a market they are not strong in … they have to take some steps to keep pushing forward,” BGC Partners analyst Colin Gillis said. Among the parties interested in Yahoo are private equity firms Silver Lake, TPG Capital, Bain Capital, Blackstone, Kohlberg Kravis Roberts, Providence Equity Partners, Hellman & Friedman, Carlyle Group, and Russian technology investment firm DST Global, apart from rivals Microsoft and Google.
Olympus named six men, including a former Japanese supreme court justice, to investigate past M&A deals at the core of a scandal engulfing the endoscope and camera maker in a bid to stem an exodus of irate investors. None of the six have had any previous association with the company, an Olympus spokeswoman said. As yet, no deadline for the group to report its findings has been set, she added.
HP unveiled plans to develop extremely low-energy servers, partnering with companies such as chip designers ARM and AMD in a move that could threaten the dominance of Intel. The new servers will significantly reduce both power and space requirements, HP said. HP’s first Calxeda-based pilot server platforms will be available in the first half of next year, the company said, but did not reveal when HP expects to sell the production version. Explosive growth in data centers that drive the Internet is taking up increasing amounts of electricity and tech companies are looking for ways to make servers more efficient and trim their energy bills.
Britain and the U.S. rejected calls from China and Russia for greater Internet controls at the opening of a major cyberspace conference, but Western states faced accusations of double standards. While Western states worry about intellectual property theft and hacking, authoritarian governments are alarmed at the role the Internet and social media played in the protests that swept the Arab world this year. Around 60 countries, including China, Russia and India, are represented at the conference as well as tech industry figures such as Jimmy Wales, founder of Wikipedia, and senior executives from Facebook and Google.