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Dish Network to buy Blockbuster for $228 million

Posted in News by Reuben Drake on April 6th, 2011

Dish Network has opened up it’s massive wallet today and announced that it will be acquiring Blockbuster for $228 million. The satellite provider participated in a bankruptcy court auction for Blockbuster, with a winning bid of $320 million. After some adjustments for cash and inventory, the companies both agreed on the final price.

So Blockbuster will continue in some form, we just aren’t sure what Dish’s plans are for it at this time. Who knows, maybe they will try to take on Netflix, though that might be futile.

Michael Hedges buys 4,500 iPads

Posted in iPad by Conner Flynn on October 24th, 2010

Michael Hedges purchased 4,500 iPads. No he did not lose his mind. They were purchased for his company Medtronic to use. Michael Hedges is the CIO, vice president, and head of global IT at Medtronic, which has 40,000 employees.

Hedges was one of the first corporate users to show an interest in the iPad, switching the normally gigantic expensive displays at a trade show Medtronic sets up at with iPads at its booth. That was less than a week after the iPad was released. And now he has purchased 4,500 iPads for the company.

Apple buys mapping company Poly9

Posted in Apple by Conner Flynn on July 14th, 2010

Apple has just purchased another mapping company, Canadian 3D mapping startup Poly9 Group. Poly9 makes a browser based 3D globe similar to that of Google Earth. Neither Apple or Poly9 have confirmed the acquisition yet, but a French Canadian News site states that two of the companies employees have now relocated in Silicon Valley and are bound by a non disclosure agreement.

Last year Apple purchased another mapping company called Placebase, which adds layers of data on top of maps. Looks like they are planning a Google Earth of their own.

HP takes over Palm for $1.2 Billion

Posted in HP by Conner Flynn on April 29th, 2010

Palm has fallen quite a long way since those heady days before the Palm Pre was actually offered. HP has now bought Palm for $1.2 Billion. That’s about $5.70 per share of Palm stock. This will help HP get some firm footing into the mobile segment, with Palm’s entire patent history at their disposal. Can we expect some HP phones as soon as within the next two years?

The deal will be official by July 31 2010 and the Current CEO of Palm, Jon Rubinstein might be staying.