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Oracle (NASDAQ:ORCL) or Private Equity firms may purchase Brocade Communications (NASDAQ:BRCD) who is throwing off so much cash that it might be worth 40% more than its current purchase price, according to a Bloomberg analysis.
Investing Insights: Tech Business Recap: Intel Strikes Deals, Microsoft’s Big Shuffle.
Blackstone (NYSE:BX), who will hold a 95% stake, and DDR Corp. (NYSE:DDR) have formed a joint venture to acquire a portfolio of 46 shopping centers for $1.43 billion — including debt — from an affiliate of Elbit Imaging (NASDAQ:EMITF). DDR will start a public offering of 15 million shares to help finance the investment.
Apple (NASDAQ:AAPL) confirms it has bought Israeli flash-storage company Anobit. Anobit supplies chips for the iPad and other devices, and Israeli mediate reported last month that Apple paid around $500 million for Anobit investors of which included Intel (NASDAQ:INTC).
Universal American (NYSE:UAM) will purchase APS Healthcare from funds managed by Private-Equity firm GTCR for $228 million and up to $50 million based on performance.
Don’t Miss: Market Recap: Stocks Recover After Beige Book.
To contact the reporter on this story: Tanya Harding at staff.writers@wallstcheatsheet.com
To contact the editor responsible for this story: Damien Hoffman at editors@wallstcheatsheet.com
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