Tech Biz Cheat Sheet: Hulu Hits 1M Subscribers, First Solar Loses DOE Loan Guarantee

Former eBay (NASDAQ:EBAY) CEO Meg Whitman is expected to be named the new CEO of Hewlett-Packard (NYSE:HPQ) today after markets are close.

Hot Feature: H-P Struggles to Move Past Poor Strategy Moves

Silver Lake, DST Global, Temasek Holdings, and Yungfeng Capital have offered $1.6 billion for privately-held employee and shareholder stock of China’s Alibaba Group, a price that values the firm at $32 billion. That would put Yahoo’s (NASDAQ:YHOO) 39% stake in the company at $12.5 billion. The deal signals that Alibaba isn’t looking at an IPO any time soon.

Taiwan’s Via Technologies has announced it is suing Apple (NASDAQ:AAPL) for allegedly infringing upon 3 separate patents involving microprocessors used in mobile devices.

A UBS survey found that Apple (NASDAQ:AAPL) has an 89% implied retention rate among smartphone owners, more than twice that of any other smartphone maker. Research in Motion (NASDAQ:RIMM) has a 33% retention rate, down from 62% last year, while Google’s (NASDAQ:GOOG) Android has a 55% retention rate, while 31% of Android users said they will buy an iPhone as their next smartphone.

Microsemi (NASDAQ:MSCC) will acquire Zarlink Semiconductor (PINK:ZLKKF) for CAD $525 million, or $3.98/ share. Microsemi’s offer tops its previous, hostile bid of CAD $3.35/share by 19%. Microsemi expects the acquisition to be accretive to its 2012 EPS by $0.24-$0.26.

Hulu, a joint venture between Comcast (NASDAQ:CMCSA), News Corp. (NASDAQ:NWSA), and Disney (NYSE:DIS), now has 1 million subscribers to its paid service, Hulu Plus.

First Solar (NASDAQ:FSLR) has announced that a 550MW solar farm project will not meet the deadline to receive a Department of Energy loan guarantee. The company is currently in talks “regarding the sale and financing of the project.” Meanwhile, the two other projects for which DOE loan guarantees were previously announced “remain in the DOE process.”

United Technologies (NYSE:UTX) has offered $16.4 billion in cash to acquire Goodrich (NYSE:GR), UTX’s biggest deal in a decade. At $127.50 a share, the offer is a 16% premium to Goodrich’s closing price on Wednesday, and 47% higher than last week when the deal started to leak, inevitably boosting Goodrich’s stock. UTX will halt buyback and slash its M&A stockpile in order to maintain its credit rating following the deal.

Stifel Nicolaus says the likelihood of a Yahoo (NASDAQ:YHOO) buyout has increased to 80%, and has upgraded shares to Buy from Hold with an $18 price target. Shares are currently trading at $13.81.

Don’t Miss: Hulu Reaches One Million Subscribers

Amazon (NASDAQ:AMZN) is rumored to be releasing a 7-inch tablet in the fourth quarter of this year. However, sources are skeptical as to whether Amazon will be able to meet its goal of 4 million shipments in 2011, given that users seem to prefer larger, 10-inch tablets.

Ctrip (NASDAQ:CTRP) has announced a $15 million share repurchasement program.

More from The Cheat Sheet