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Podio, which developed a platform for building cloud-based business collaboration apps centered around Facebook-like activity streams, is being purchased by Citrix Systems (NASDAQ:CTXS). The latter company plans to join its own GoTo line of collaboration tools, which rivals offerings from Microsoft, IBM, and others, with Podio’s solutions, which support both PCs and mobile devices.
A bidding war for Avon (NYSE:AVP) might be imminent, as Richmont Holdings is said by Fortune to be assembling a bid to challenge that of Coty. John Rochon, the founder of Richmont, was once CEO of Mary Kay, and from that position led an attempted takeover of rival Avon in the 1980s and 1990s.
Watson Pharmaceuticals (NYSE:WPI) is said by Reuters to be preparing the announcement of an acquisition agreement of Swiss-based Actavis, which combination would create one of the world’s largest producers of generic drugs, and would help it compete more effectively against rivals such as Teva and Novartis’ unit Sandoz. The deal will cost Watson around 6 billion , and is expected to close by the end of the current month.
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