OCZ Technology Group, Inc. today announced that the Company has signed an asset purchase agreement with Toshiba Corporation to acquire all of OCZ's assets in a chapter 11 bankruptcy proceeding for $35M.
Consumer Electronics
Google bought 7 robotics firms for Andy Rubin to compete with Amazon
Google acquired seven robotics firms in the past six months to create manufacturing and logistics robots for a project under Android founder Andy Rubin to compete with Amazon's flying delivery drones.
Sony and Renesas to start talks on chip plant acquisition
Japanese electronics conglomerate Sony Corp. may spend JPY10 billion on a chip plant it intends to buy from Renesas Electronics Corp. Sony is reportedly increasing its chip output to boost its profits.
Australia's Dick Smith lifts on debut after USD315 million IPO
The shares of Australia-based electronics seller Dick Smith Holdings Ltd lifted on its debut on Wednesday after securing USD315 million in its initial public offering.
US tech firm Intel acquires Hacker League
US-based processor giant Intel acquired private hackathon organizer Hacker League for an undisclosed amount, in a deal that will merge the latter with Mashery, an Intel company.
Latest News
BlackBerry Ltd is "very much alive, thank you," Interim Chief Executive John Chen affirmed in an open letter on Monday in which the smartphone maker committed itself to rebuilding as a niche player concentrating on the enterprise market.
Apple Insider points out how the tech giant fared less than expected in light of analysts' predictions last year that it would hit a thousand per share.
Monday's announcement of executive promotions at Samsung Group stood out when the Group announced Samsung Chairman Lee Kun-hee's daughter, Seo-hyun, as a division president at holding company Samsung Everland Inc.
Japanese electronics company TDK Corporation on Monday said that its Thailand-based subsidiary Magnecomp Precision Technology will buy two HDD-related companies from American manufacturer Entrotech Inc.
With more shoppers wishing to avoid the throng, research firm comScore reported a 15% increase of online spending on Black Friday to USD 1.20 billion.
When Aimee Brittain's team hits the stores in a commando-like fashion on Thanksgiving night in search of Black Friday deals, they'll stand out from the crowd in their matching "very bright blue" shirts. They'll scatter when they hit the store, and the shirts will help them see each other quickly.
Private equity firms T. Rowe Price Group Inc, Magnetar Capital LLC and over 100 shareholders of Dell Inc invoked their rights for an appraisal of their collective 2.7% interest in the company through the Delaware court system in contest of the USD24.9 billion buyout of Dell.
Irate shoppers say they will not be spending a dime on stores that will open early as early as 6 A.M. on Thanksgiving for Black Friday and threatening a boycott.
A new survey by Nielsen said 33% of active gamers intend to buy Sony's PlayStation 4, while 22% of those surveyed said that they will buy Microsoft's Xbox One. PS4 was released two weeks ago, while Xbox hit the stores last week.
