Technology, Media & Telecommunications Headlines

Fri, May 29 2015

Cypress ups ISSI buyout offer to $20.25 per share, beats Uphill deal

May 29 - Cypress Semiconductor Corp raised its offer to buy Integrated Silicon Solution Inc to $20.25 per share, beating Uphill Investment Co's increased offer made earlier on Friday.

Stocks, M&A, Markets, Technology 29 May 2015

TCV seeks to sell stake in marketing firm Merkle-sources

May 29 - Technology Crossover Ventures (TCV) is exploring a sale of its minority stake in Merkle Inc, in a deal that could value the fast-growing marketing technology company at more than $1 billion, according to people familiar with the matter.

UPDATE 3-Intel nears deal to buy Altera for $16 bln - sources

* Altera shares up 4.6 pct (Adds analyst comment and background, updates share movement)

UPDATE 1-Vodafone, Wind sign letter of intent for Italy fibre-optic network

MILAN, May 29 - Britain's Vodafone and Vimpelcom's Italian mobile phone unit Wind have signed a letter of intent with shareholders of broadband firm Metroweb to build a fibre-optic network in Italy, the companies said in a joint statement.

Vodafone, Wind sign letter of intent for Italy fibre-optic network

MILAN, May 29 - Britain's Vodafone and Vimpelcom's Italian mobile phone unit Wind have signed a letter of intent with shareholders of broadband firm Metroweb to build a fiber optic network in Italy, the companies said in a joint statement.

UPDATE 2-Equinix to buy TelecityGroup for $3.6 bln, Interxion deal ended

LONDON/NEW YORK, May 29 - U.S. data center company Equinix Inc said on Friday it would buy British peer TelecityGroup in a deal worth 2.35 billion pounds ($3.6 billion) that would also end Telecity's pursuit of a smaller European rival.

Stocks, M&A, Markets, Technology 29 May 2015

Alibaba courts more China bad debt managers for online auctions

HANGZHOU, China/BEIJING, May 29 - Huarong Asset Management Co Ltd is poised to become the second Chinese bad loan firm to auction soured loans online amid a push by the government to settle these debts as the economy slows, an executive at e-commerce giant Alibaba Group Holding Ltd said.

IMAX China files for HK IPO, betting on booming film demand

HONG KONG, May 29 - IMAX China Holding Inc, majority-owned by the namesake giant screen movie theater equipment maker, filed for an initial public offering in Hong Kong, looking to benefit from booming entertainment demand in the world's second largest economy.

Stocks, M&A, Markets, Technology 29 May 2015

RPT-Vodafone investors open to Liberty deal

LONDON, May 28 - Some of the biggest investors in Vodafone say they are open to a European tie-up with Liberty Global, as the British company is now in a stronger position to negotiate a deal with John Malone's cable group.

Equinix agrees to buy Telecity Group for 2.35 bln pounds

LONDON, May 29 - U.S. data centre company Equinix Inc said on Friday it had agreed to buy British peer Telecity Group in a deal worth 2.35 billion pounds ($3.60 billion), creating the largest data centre player in Europe.

Stocks, Technology, M&A, Markets 29 May 2015