AOL completed its acquisition of end-to-end mobile platform Millennial Media (see 1509030062), it said in a news release Friday. AOL made a tender offer of $1.75 in cash per share of Millennial Media common stock, which expired at midnight Thursday, it said. At the expiration of the tender offer, nearly 115 million Millennial shares were validly tendered, or about 80.3 percent of its outstanding shares, said AOL, which completed the acquisition of the remaining eligible shares not acquired in the tender offer. Millennial Media is now an AOL subsidiary, AOL said. AOL itself has been bought by Verizon (see 1505120019).
Ruckus Wireless said it bought closely held Cloudpath Networks, a provider of secure Wi-Fi onboarding software. Onboarding offers a simple way for a new device to be brought onto a Wi-Fi network. Ruckus said it will immediately include Cloudpath software with its Smart Wi-Fi portfolio. “Cloudpath has a particularly strong business and reputation in the education market, given the need for schools to easily and securely manage an ever-changing array of users and devices,” Ruckus said in a Thursday news release. “Cloudpath was also first in the industry to support Chromebook devices, helping schools securely integrate that fast-growing platform into their classrooms.”
Western Digital will acquire all outstanding shares of SanDisk in a $19 billion cash and stock deal, according to a definitive agreement announced by the companies Wednesday. Western Digital will pay $85.10 per share in cash and 0.0176 shares of Western Digital common stock per share of SanDisk common stock. If Unisplendour’s previously announced $3.8 billion purchase of 15 percent of Western Digital hasn't closed or has been terminated, Western Digital will pay $67.50 in cash and 0.2387 shares of Western Digital common stock per share of SanDisk common stock, said the companies. The boards of Western Digital and SanDisk approved the transaction, they said. The transaction is also subject to approval by SanDisk shareholders, and, if the Unisplendour transaction doesn't close, it will require the approval of Western Digital shareholders, along with regulatory approvals and other customary closing conditions, they said. Combining the companies is the next step in transforming hard-disk maker Western Digital into a “storage solutions company with global scale, extensive product and technology assets, and deep expertise in non-volatile memory (NVM),” it said. The acquisition will enable Western Digital to double its addressable market and expand its position in higher growth segments, Western Digital said. SanDisk’s 15-year joint venture with Toshiba will continue, providing “stable NAND supply at scale through a time-tested business model,” and the venture extends across NVM technologies such as 3D NAND, they said. Steve Milligan will continue as CEO of the combined company, which will remain in its Irvine, California, headquarters. Upon closing, slated for Q3, SanDisk CEO Sanjay Mehrotra is expected to join the Western Digital board, the companies said.
Arris may not close on its takeover of Pace until Q1 as it works through regulatory issues in Brazil, Colombia and the U.S., the equipment maker said Friday. The companies previously said they expected to close the $2.1 billion deal by year's end (see 1507010042). The deal received regulatory clearance in Germany, Portugal and South Africa, but Arris said it received requests for additional information from the Justice Department's Antitrust Division and from Brazilian and Colombian regulators, with the DOJ focus seemingly "on certain optical transmissions products" of the two companies that could ultimately result in a divestiture.
Ericsson plans to purchase the operations of software developer Ericpol in Poland and Ukraine, Ericsson said in a news release Thursday. Ericsson has concluded a preliminary share purchase agreement with Ericpol, it said, and approximately 2,000 of the developer's employees will join Ericsson upon completion of the acquisition. Pending regulatory approval, the transaction is expected to finalize during Q1 2016, Ericsson said.
The FCC Media Bureau requested information from several ISPs and Internet companies in connection with its review of Charter Communications' planned buys of Bright House Networks and Time Warner Cable, according to letters posted Friday on the FCC transaction website. The companies receiving information requests include Akamai, AT&T/DirecTV, CenturyLink, Cogent, Dish Network, Netflix and Verizon -- many of the same companies that received information requests from the bureau during the Comcast/TWC and AT&T/DirecTV reviews. The information requested varied from company to company. AT&T was asked about planned improvements to its network, peering agreements and data caps, while Netflix was asked about the effect of ISP data caps on its business, and how degradation of streaming quality affects subscribership. Dish was asked about subscriber data and what causes subscribers to disconnect from the service. Responses to the requests are due Oct. 23.
The FTC approved early termination requests from Ericsson and Amazon in their respective pending acquisitions, effectively eliminating the remainder of the waiting period during which the commission and the Justice Department may have reviewed the deals. Amazon Web Services is buying Elemental Technologies (see 1509040030), and Ericsson is purchasing Envivio.
Several businesses in the media and digital content industries backed the pending merger of comScore and Rentrak (see 1509300031), the companies said in a news release Thursday. Among the companies expressing support for the transaction were ABC, CBS, CNN, ESPN, NBCUniversal, Spotify and Viacom. "The new company will have an improved ability to deliver what the media industry have long been asking for -- a comprehensive cross-platform measurement system that accounts for all the ways in which content is consumed," said the release.
Pandora agreed to buy live events technology company Ticketfly, the acquirer said in a news release Wednesday. The acquisition "will solve the longstanding problem of event discovery" by connecting Pandora users to live events, and will "strengthen the bond between artists and their fans," said Pandora. The transaction is valued at about $450 million, with a nearly equal balance of cash and stock, it said.
DTS has completed the purchase of HD Radio developer iBiquity Digital (see 1509020039) for $172 million, DTS said Monday. The acquisition was financed through cash and debt, said DTS, which called the purchase an extension of the company’s strategy to deliver a “personalized, immersive and compelling experience across the network-connected entertainment value chain.”