M&A Recap: LinkedIn Copies Groupon, Capital One and ING Pause
Akamai (NASDAQ:AKAM) has acquired Blaze. The acquisition was of a developer of technology for accelerating the speed at which web pages load. Blaze’s solutions complement the site acceleration capabilities provided via Akamai’s content delivery network (CDN). In December, Akamai acquired rival CDN owner Contendo.
Capital One’s (NYSE:COF) controversial bid to buy ING Direct USA (NYSE:ING) was rescheduled to Monday without explanation by the Federal Reserve Board. COF’s deal caught community groups’ attention. Concerns are about banks getting too big, given its ING bid is the biggest bank deal since the financial crisis.
Investing Insights: Groupon Preparing for First Public Earnings Announcement.
Groupon (NASDAQ:GRPN) did it, now LinkedIn (NYSE:LNKD) is spending its first post-IPO year acquiring a large amount of startups. Today, it’s learned that LinkedIn is buying Rapportive, a developer of a browser plug-in that provides contextual information for Gmail text. The company also acquired contact management software firm Connectedand search technology developer IndexTank back in October.
Illumina (NASDAQ:ILMN) declared Roche’s $44.50/share hostile bid to be inadequate. It also calls the timing of the offer “blatantly opportunistic.” Two weeks ago, Illumina adopted a poison pill in response to Roche’s offer.
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