Business Sale News in the Technology sector

Raymarine, the electronic device supplier to the leisure marine market, has breached its banking covenants and is looking for a buyer or an equity fundraising. [more]

The planned demerger of Cable & Wireless, due to take place in March next year, could lead to a sale of one or both of the units, according to repo [more]

Smiths, the technology and engineering group that produces airport X-ray scanners and mechanical seals on medical equipment, is preparing for a sale. [more]

It has been reported that the education technology company, Promethean, founded over 30 years ago by Tony Cann, is considering a stock market flotation. [more]

Synetrix, the provider of IT and broadband services to public bodies and schools, has reportedly been put up for sale by APAX Partners, which has appointed Oakley Capital to advise on the deal. [more]

Symantec has bought Messagelabs, the Gloucestershire based email security firm, for a reported £397m in cash. Brothers Ben and Joe White founded Messagelabs in 1999 and has since grown to become the world's largest messaging business. The brothers own about 26 percent of the shares. The co-founder Rory Sweet has a 17 [more]

Detica, a security technology firm, has seen its shares rise after receiving an informal bid approach from BAE Systems. [more]

Inmarsat, the UK-listed satellite communications provider has received a takeover offer from Harbinger Capital, the activist American hedge fund investor. [more]

Racal Acoustics, the Harrow-based maker of military communications headsets, could be put up for auction. [more]

Cable & Wireless (C&W) has recently made a bid approach for its riva [more]

Global Crossing, the US telecommunications company is considering selling off or merging its UK division with a rival. [more]

In what could be the biggest internet deal of 2008, Microsoft announced today that it has made a formal proposal to the Board of Directors of Yahoo! Inc. to acquire all the outstanding shares of Yahoo! stock for $31 per share in a cash plus stock deal. This is effectively a 62 percent premium to Yahoo!'s current trading p [more]

Ingram Micro has acquired Oxfordshire-based Paradigm Distribution, the company which specialises in auto-ID/data capture and point-of-sale technologies. [more]

Nokia Siemens Networks has announced the intended acquisition of Apertio Ltd., the leading provider of open real-time subscriber data platforms and applications built specifically for mobile, fixed, and converged telecommunications operators. Nokia Siemens Networks will pay around €140m for the acquisition, which is expected to close in the first quarter of 20 [more]

UK-listed IT services company Anite is conducting a strategic review which could lead to disposals. Financial advisors Cazenove and Landsbanki have been retained to assist with the process. [more]

3i have acquired testing specialist Inspicio, through bidding vehicle Angus Newco, for £228.6m. Inspicio employs 5,000+ staff in inspecting the contents and safety of food, and verifying the quality of commodities such as [more]

Microsoft Corp. has acquired Multimap, one of the United Kingdom’s top 100 technology companies and one of the leading online mapping services in the world. The acquisition gives Microsoft a powerful new location and mapping technology to complement existing offerings such as Virtual Earth, Live Search, Windows Live services, MSN and the aQuantive advertising platform, with future integration potential for a range of other Microsoft products and platforms. Terms of the deal were not disclo [more]

Cohort plc, a leading independent defence technical service provider and owner [more]

UK networking company Pipex Communications Plc has announced plans to look at demerging its WiMAX venture, Pipex Wireless, and sell its remaining web hosting and business services activities, after completing the sale of their Broadband and Voice division. [more]

Take-Two Interactive Software, Inc. has announced that it has sold substantially all of the assets of its wholly owned Joytech video game accessories subsidiary to Mad Catz Interactive, Inc. The Joytech sale reflects Take-Two's previously announced plans to divest its non-core busines [more]