Mergers and Acquisitions: Google Nears Viewdle Purchase, Thyssen Krupp Ponders Asset Sales
Google’s (NASDAQ:GOOG) purchase of the face-recognition tech developer Viewdle may be close at hand, says a source to CNET. The price is said to be “toward the high end” of a $30 million to $50 million range. The acquisition of Viewdle would afford Google a way to provide a face-recognition solution for its Android applications, Picasa, Google+ and anywhere else it might prove useful.
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Thyssen Krupp (TYEKF.PK) is thinking about divesting its two-year old $5 billion high-tech steel plant in Alabama and also its $6.8 billion facility in Brazil following a failed strategy of transporting slabs from the Brazilian facility for processing into high-grade sheets in the Alabama factory. Companies that may officially or unofficially be interested in the Alabama asset include United States Steel Corporation (NYSE:X), Nucor Corporation (NYSE:NUE), and ArcelorMittal (NYSE:MT).
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