acquisitions – OnTechies

Austin-based startup acquired by LinkedIn

Austin-based 3-month-old startup “TheTechMap” was acquired by LinkedIn according to news released in the startup’s blog. TheTechMap offers an online community where geeks and creatives can connect with each other and help each other build amazing projects and collaborate to build amazing companies as well. It is about being in a tribe, a tribe of geeks and creatives where we help each other with our projects and ideas says one of TheTechMap’s founders Ricardo Sanchez. TheTechMap is also a great way to build and link a city’s startup ecosystem as it is the case of Austin, TX, the first city being mapped by TheTechMap.

Dell starts raising funds for possible future acquisitions

Dell Inc. said it will float bonds as it raises money potentially for new acquisitions. The company also commented last Tuesday that it might use the money for stock purchases, capital investments and general corporate purposes.

It looks as if Dell is getting ready to make sure it has enough funds to pursue future acquisitions. Just last week, Hewlett-Packard’s (HP) stronger balance sheet enabled it to trump Dell and win storage vendor 3Par, after both companies Dell and HP went into a bidding war that started with Dell offering US$1.15 billion and ended with HP acquiring 3Par for US$2.4 billion.Continue reading “Dell starts raising funds for possible future acquisitions”