Cray Buys Appro, Leap Wireless Sale Chatter: Merger and Acquisitions Report

Diageo (NYSE:DEO) says that it will acquire a 53.4 percent interest in India’s United Spirits at a price of $2.1 billion.

Cray (NASDAQ:CRAY) purchases peer supercomputer maker Appro in a $25 million cash transaction. The latter specializes in cluster systems, which represents an increasingly popular architecture that involves employing hundreds or thousands of distributed nodes.

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Shares of Leap Wireless International (NASDAQ:LEAP) move up again on Friday due to new speculation that a spectrum agreement or a full-blown sale might be near. Sprint Nextel (NYSE:S) has cancelled a conference presentation, and together with Leap’s Wednesday earnings call, which suggested its willingness to divest excess spectrum, has ignited the chatter this time. However, Nomura suggests that investors remain cautious and to look at the numbers involved.

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