We track a lot of acquisitions on CrunchBase. At the beginning of 2009, acquisitions were at a standstill. But as the economy begrudgingly roused itself from recession, the deal flow started to pick up in the summer, and then rebounded more in the third quarter. There are still a couple weeks left in the year, and a lot can still happen, such as Google buying Yelp for more than $500… → Read More
Networking and security services provider 3Com got hit by a shareholder class action suit seeking to block the $2.7 billion merger agreement with HP that was announced last week. The core allegation: 3Com was sold off too early, for too little.
The plaintiff in this case, New York bankruptcy lawyer David Shaev, filed the action last Thursday in a Delaware Court, claiming the proposed agreement … → Read More
HP says the acquisition will further its data center strategy “built on the convergence of servers, storage, networking, management, facilities and services.” The acquisition of 3Com also help to expand HP’s Ethernet switching offerings, add routing… → Read More
Two big private equity deals today. Shareholders finally approved the $8.2 billion buyout of Avaya by Silver Lake Partners and the Texas Pacific Group (not bad for an IP phone company that once was part of Lucent). And 3Com, the perpetually money-losing maker of computer networking equipment and competitor of Cisco Systems, has agreed to be acquired by Bain Capital and Chinese networking company… → Read More