Mergers & Acquisitions: I.B.M and ValueClick Expand, SkullCandy Accesses European Market
ValueClick (NASDAQ:VCLK) announced yesterday that it has completed its acquisition of Dotomi in a deal that will allow ValueClick to expand its cross-selling opportunities among media platforms. ValueClick acquired all of the outstanding equity interests in Dotomi for upfront consideration, which consists of 7.1 million shares of ValueClick common stock, the assumption of Dotomi’s stock options, both fully vested and unvested, and $148 million in cash.
I.B.M. (NYSE:IBM) has agreed to buy Algorithmics, a risk analytics company, for $387 million in order to expand its services for financial institutions. Hewlett-Packard (NYSE:HPQ) made a similar move last month when it agreed to pay $11.7 billion for Autonomy, a British data analysis company that searches and keeps track of corporate and government information.
Headphone maker Skullcandy Inc. (NASDAQ:SKUL) has bought Kungsbacka 57 AB for $18.6 million, which held an exclusive distribution agreement for Skullcandy products in Europe through November 2013. Skullcandy, which raised $188 million in its IPO in July, hopes its purchase of Kungsbacka will help add to earnings starting in 2012.
According to CEO John Watson, Chevron (NYSE:CVX) will not spin off its refineries into a separate company as did Marathon Oil (NYSE:MRO) earlier this summer, and ConocoPhillips (NYSE:COP) plans to do.