Michael Dell and US private equity firm Silver Lake Partners have once again increased their offer for Dell Inc, to $13.75 a share. Shareholder voting for the deal now postponed a week until August 2.
The long drawn-out process has resembled a high-stakes poker game, with shareholders so far succeeding to extract higher offers from Mr Dell and Silver Lake. They, however, call this latest offer their “best and final proposal”.
Need a recap of the bidding war so far? Here’s a summary:
CEO Tim Cook sought to dispel Wall Street’s worries about falling profit margins, as Apple reported a jump in sales of older iPhone models to the emerging world. He also tried to shrug off a surprise 43 per cent sequential drop in revenues from China as a one-quarter blip that would have no bearing on huge growth still to come there.
Our live blog of Apple’s third fiscal quarter earnings call as it unfolded is after the jump.
Alibaba, China’s ambitious internet conglomerate, has spread its reach from e-commerce to finance, and now to internet television.
It is three months since Apple announced a whopping $100bn return of cash to investors, topping up its existing $45bn dividend plans with what it billed as the biggest share buyback scheme in American corporate history.
In the weeks that followed that announcement, Apple’s shares soared, finally emerging from the months-long funk that saw them dip below $400. But that rally went into reverse as soon as Apple paid its next dividend on May 9.
Example of a space selfie, from Planetary Resources' kickstarter page
More than 17,600 people have raised $1.5m for a space telescope Kickstarter campaign, with the majority to receive a picture of themselves from outside the Earth’s atmosphere, writes Connor Radnovich
Yes, a selfie from space.
Planetary Resources – the ambitious space mining company backed by Larry Page and Eric Schmidt of Google alongside other investors such as Ross Perot Jr, raised the money over a 33-day campaign.
You’re wearing Google Glass. A stranger walks past in a T-shirt emblazoned with a QR code. Suddenly, your world changes: images you didn’t expect start appearing on the tiny Glass screen above your eye. It quickly becomes clear that someone has taken complete control of your eyewear.