Technology, Bid | featured news

The Oakmark Funds group, one of Dell's larger shareholders, sold its stake after Blackstone withdrew its potential bid for the PC maker.

Dell's 'deteriorating' financial condition leads to Blackstone deciding to withdraw its bid for the computer company.

Former News Corp president Peter Chernin bid around $500 million for Hulu, the online video streaming service he helped create in 2007, according to two sources with knowledge of Hulu's sale process.

Google is considering participating in a bid for troubled Internet search pioneer Yahoo!, according to a published media report. Google has held talks with at least two private-equity firms about helping them to finance a purchase of Yahoo!'s core business, according to the report, published Saturday on The Wall Street Journal's Web site.

Some potential buyers of Yahoo Inc are balking at the Internet company's demands for confidentiality that would prevent them from discussing joint bids, according to several people close to the situation.

Microsoft Corp is considering a bid for Yahoo Inc, resurfacing as a potential buyer after a bitter and unsuccessful fight to take over the Internet company in 2008, sources close to the situation said on Wednesday.

On Tuesday, PopCap games announced it was being acquired by Electronic Arts, confirming speculation that circled late last month. The deal is valued as high as $1.3 billion in cash and stocks. But the company reportedly also fielded a huge offer from social gaming giant Zynga.

Hewlett-Packard Co. is bidding $1.5 billion for data storage provider 3Par Inc., offering 33 percent more than what rival Dell Inc. agreed to pay for the company just a week earlier.