1. Articles from dealbook.nytimes.com

  2. 1-12 of 12
    1. DealBook: Spotify Deal Would Value Company at $4 Billion

      DealBook: Spotify Deal Would Value Company at $4 Billion

      Data center operator and hosting firm Quality Technology Services announced on Thursday it has constructed new solar power installations at its Richmond and Atlanta Metro Data Centers.

      The move to green energy is an important initiative that more web hosting companies are currently implementing. In addition to reducing energy consumption and power costs, “going green” also improves a web host’s reputation among prospective customers, which could translate into added revenue.

      When fully operational, the two projects will provide a total of one megawatt of power generation capacity to the sites, increasing energy efficiency and reducing environmental impact.

      QTS’ solar technology installations comes on the heels of its recent efforts to reduce the company’s carbon footprint through its Green Program.

      QTS chief technology officer Brian Johnston announced the developments Wednesday at Uptime Institute Symposium in Santa Clara, California in an Environmental Defense Fund panel discussion alongside executives from ...

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      Mentions: Europe Yahoo Cisco
    2. DealBook: Oracle to Buy RightNow for $1.43 Billion

      DealBook: Oracle to Buy RightNow for $1.43 Billion
      Oracle said on Monday that it had agreed to acquire RightNow Technologies, a provider of Web-based customer service solutions, for $1.43 billion, as it looks to build out its portfolio of cloud-based offerings. Under the terms of the deal, which is expected to close by early 2012, the enterprise software giant will pay RightNow’s shareholders $43 a share. “Oracle is moving aggressively to offer customers a full range of cloud solutions including sales force automation, human resources, talent management, social networking, databases and Java as part of the Oracle Public Cloud,” Thomas Kurian, Oracle’s executive vice president of development, said in a statement on Monday.
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    3. DealBook: Duke Bids $13.7 Billion for Progress Energy

      DealBook: Duke Bids $13.7 Billion for Progress Energy
      Duke Energy agreed to pay $47.48 a share for Progress Energy on Monday, in a deal valued at $13.7 billion. The deal would create the country’s largest utility, with $22.7 billion in revenue and more than 7 million customers in North Carolina, South Carolina, Florida, Indiana, Kentucky and Ohio. The boards of both companies unanimously approved the all-stock deal, which is expected to increase profit in the first year.
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    4. DealBook: LinkedIn Plans a Stock Offering This Year

      DealBook: LinkedIn Plans a Stock Offering This Year
      LinkedIn, the popular social networking site built around professional relationships, plans to go public this year and has hired banks to advise it on the process, people with direct knowledge of the matter said on Wednesday. LinkedIn chose Morgan Stanley, Bank of America Merrill Lynch and JPMorgan Chase as three advisers, following a round of pitches held in early November, said one of these people, who requested anonymity because the process was confidential.
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      Mentions: Facebook
    5. DealBook: Dell in Talks to Buy Data Storage Company

      DealBook: Dell in Talks to Buy Data Storage Company
      Dell has an exclusive agreement to negotiate a deal for Compellent Technologies for $2.50 a share in cash. That is a discount of nearly 19 percent from Compellet’s closing stock price on Wednesday. But shares of Compellent have had a huge run-up in the last two months on speculation of a takeover. More fuel was added on Tuesday, when the company’s chief financial officer canceled an appearance at a Barclays technology conference scheduled for the next day.
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      Mentions: Dell
    6. DealBook: Google's Bid for Groupon Is Considered a Bargain

      DealBook: Google's Bid for Groupon Is Considered a Bargain
      As investors fret that Google’s $6 billion bid for Groupon is too high a price to pay, new details about the company’s sales and growth suggest that it might be more like one of Groupon’s cut-rate deals. An individual close to Groupon, who spoke on condition of anonymity, said the company’s annual revenue is running in excess of $1 billion a year and its subscriber base tripled this summer, to 35 million users. And an analyst at Barclays Capital, Douglas Anmuth, estimated in a research report released on Tuesday that sales could hit $1.5 billion in 2011.
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      Mentions: Google Facebook
    7. Google Is Said to Be Poised to Buy Groupon

      Google Is Said to Be Poised to Buy Groupon
      Google is near a deal to acquire Groupon, the pioneering online discounter, for as much as $6 billion, people with direct knowledge of the matter told DealBook on Monday. A deal, in the $5 billion to $6 billion range, could be struck as soon as this week, these people said, cautioning that the talks could still fall apart. At that price, Groupon — known for its daily discounts — would be one of Google’s largest acquisitions, dwarfing its $3.1 billion purchase of DoubleClick, the display advertising giant, in 2007.
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      Mentions: Google
    1-12 of 12
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