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Tag Archive: acquisition

HP Announces Almost 25,000 Job Cuts

HP Announces Almost 25,000 Job Cuts

Although it’s not exactly consumer news, Hewlett-Packard recently completed its acquisition of IT solutions company EDS for almost $14 billion dollars. The acquisition was intended to boost revenue HP receives from services to its large enterprise, organizational, and government customers. The move puts HP solidly into the consulting business (in fact, making it the largest IT solutions provider on the planet), should roughly double the annual revenue HP sees from services, and could enable HP to reach out to small and medium sized business with consulting services.

HP Gets its Game On with VoodooPC

Hewlett-Packard announced yesterday that it plans to acquire boutique computer maker VoodooPC; financial terms of the deal were not disclosed. VoodooPC is well-regarded for its high-performance and spendy desktop and notebook systems catering to the gamer, multimedia, and PC enthusiast crowds, often featuring stylish and outlandish design elements.

The move is another demonstration of the strength of the high-end gaming market, as major manufacturers look to cash in on hardcore gamers and others willing to shell out for top-notch, high performance systems offering the latest and greatest in entertainment value. Earlier this year, Dell purchased Alienware, a major VoodooPC rival, for an undisclosed amount.

EA Spends $680 Million to Acquire JAMDAT

Electronic Arts yesterday announced they’d an acquisition agreement under which they will take over JAMDAT Mobile, a publisher of wireless entertainment applications. EA will pay $27 per share of common stock and assume outstanding stock options for a total of $680 million.

EA and JAMDAT, which will merge with EA’s worldwide mobile games operations, will be lead by JAMDAT CEO Mitch Lasky. The combined operation plans to publish over 50 games for mobile phones in the first twelve months following the completion of the acquisition, including popular titles like Tetris, Bejeweled, JAMDAT Bowling, Need For Speed, EA SPORTS Madden NFL Football and EA SPORTS FIFA Soccer.

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