Dell Goes Private

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The traditional PC world is tough. With many people deciding to move from traditional PCs to more mobile devices such as tablets and big smartphones, Dell has seen huge losses in it’s profits. Declining from over $600 million in net income to just over $130 million in net income, Michael Dell decided he needed to make some changes.

Between Michael Dell and a private investment fund, the duo paid shareholders out to turn Dell into a privately owned company. This could prove to be a wise decision as the company can now make the decisions it needs too without the hassle of having to answer to another level of bureaucracy.

Daily Tech has more information on the acquisition. Hopefully this is what the computer giant needs to turn the ship around.

Blackberry Co-Founder Wants To Buy Company

History shows that every empire falls. The most recent tech giant to fall is Waterloo based Blackberry, and the co-founder Mike Lazaridis wants to buy the company. 

Blackberry recently went private and had lined up to be bought for $4.7 billion by Fairfax Financial Holdings. However the two co-founders do not feel like the company can line up the buyers, and would rather see the company broken up and have parts of the company sold off.

Ars Technica has a decent article about it, it is worth a read.

Time Warner Cable buys high-speed fiber Internet firm DukeNet for $600M

This does not really affect anyone here in Canada, but it is interesting to read. I am looking forward to having more fibre options here in Canada, as it is still relatively limited in terms of where you can get it.

CloudUp Acquisition

CloudUp provides an intuitive, and powerful way to upload media. With the parent company of WordPress recently acquiring the small company, WordPress is about to get a boost in power. The integration of CloudUp would allow multiple users to edit a file, including inserting video, text, links, and pictures all while someone else could be doing the same.

CloudUp will replace the current WordPress media library. This will be a much improved service for WordPress.

To read more info about the acquisition, follow the link below.

http://m.techcrunch.com/2013/09/25/automattic-acquires-file-sharing-service-cloudup-to-build-faster-media-library-and-enable-co-editing/