Deals

Information systems and outsourcing giant EDS will buy a controlling interest in Saber Holdings, a firm that provides software and services to government agencies across the country. The company will pay $420 million in cash for the 93 percent stake in Portland, Ore.-based Saber, with the software f...

Microsoft on Monday announced its intention to buy France-based mobile music services provider Musiwave in a move that could dramatically boost the software giant's presence in the cell phone music space. Redmond reached a deal with Musiwave parent company Openwave Systems that gives it the exclusiv...

Sprint and Clearwire have torn up the letter of intent that joined the two companies in their efforts to build high-speed wireless Internet networks -- known as "WiMax" networks -- across the nation. The pair inked the letter this summer, but according to Sprint, "The two companies could not resolve...

Providence Equity Partners might back away from its $1.2 billion deal to buy Clear Channel Communications' 56 television stations, an agreement announced in April that was supposed to close soon. Confirmation of Providence's sudden case of cold feet came Thursday in a report filed by Clear Channel w...

There's little doubt that Google and the other members of the Open Handset Alliance made one of the biggest technology marketing splashes in recent memory on Monday with their introduction of Android. What kind of lasting impact the platform will have on the cellular industry, however, is less certa...

AOL will buy the content-targeted advertising specialist Quigo, signaling that an aggressive spending spree meant to make it more of a player in the Internet advertising marketplace may be coming to a close. AOL parent company Time Warner said it had reached a deal to buy the New York-based firm for...

Cisco on Thursday unveiled a long-term plan meant to significantly expand its presence in China, saying it would spend as much as $16 billion -- nearly double the $8.5 billion it has spent in the past five years -- to build out the footprint it started there nearly 14 years ago. Cisco laid out a thr...

IBM unveiled a slew of new security products and services and said it would continue to invest heavily in security innovations to address customer needs for a more comprehensive approach to information technology risk. On the heels of a security-related buying spree, Big Blue will spend at least $1....

Satellite radio provider Sirius reported Tuesday that it added more than a half-million new subscribers in the third quarter, growth that helped it narrow its financial losses. Sirius, which is still awaiting regulatory word on its planned merger with rival XM, said revenue for the quarter was up 45...

Microsoft will pay $240 million for a small ownership stake in Facebook and the right to deliver ads to its members around the world, a move that values the four-year-old social networking firm at $15 billion. The agreement, billed as a strategic alliance by the two companies, calls for Microsoft to...

IT industry titans including Microsoft and Symantec announced Tuesday at the RSA Conference Europe the formation of the Software Assurance Forum for Excellence in Code, or SAFECode, a non-profit organization solely dedicated to fostering greater trust in information technology products and services ...

MySpace is breaking into the casual gaming world, and it's tapped casual games company Oberon Media to get the job done. In early 2008, MySpace will launch MySpace Games, which will let users choose from hundreds of games for free online play. "Bringing entertainment in the form of fun, social, casu...

Dell on Monday added office superstore Staples as another partner to its growing roster of retail outlets as it changes its strategy in a bid to grab back lost market share. Staples will sell selected Dell desktop and notebook PCs as well as printers and accessories in 1,400 of its stores nationwide...

Sony is shuffling its Cell Broadband Engine deck chairs in an effort to cut losses related to production of PlayStation 3 game consoles and improve the units' efficiency and pricing. The company is selling to Toshiba its fabrication facilities in Nagasaki, Japan, a deal expected to take place by the...

Google and Microsoft squared off as usual Thursday, but this time instead of the competitive battlefield, they met on Capitol Hill, where lawmakers are weighing the question of whether Google's purchase of DoubleClick will create an unfair online advertising monopoly. Representatives of both compani...