Hewlett-Packard is taking aim at Cisco Systems with its bid to buy Aruba Networks, but HP might not be done making acquisitions before its split-up, analysts say. The struggling computer maker early Monday confirmed plans to acquire Aruba for $24.67 a share, or about $3 billion. The deal, which both boards have approved, is expected to close in the second half of HP’s fiscal year, ending Oct. 31. Hewlett-Packard’s (HPQ) stock rose a fraction
Shares of NXP Semiconductors raced to an all-time high Monday as Wall Street applauded the Dutch chipmaker’s plans to buy Freescale Semiconductor in a deal valued at about $12 billion, but an analyst sees more bids surfacing. NXP (NXPI), which supplies mixed-signal, analog, power management, radio frequency and digital processing chips, announced the buyout late Sunday. The combined company will become the world’s No. 1 automotive semiconductor
If Airbnb executives were to fail in the nascent shared-hospitality industry, they might have enough hard-won experience in government relations and trust-building to start a chain of neighborhood nuclear power plants. The 7-year-old firm has built a global peer-to-peer accommodations network, processing rental transactions between those wanting to rent part or all of their home to adventurous travelers happy to spend less on travel. The San