We’re not wholly certain what Google is up to, though we’re prone to consider which there’s an horrible lot of voice over IP sorcery entrance, with a company announcing a expected merger of an additional VOIP association. Back in November it acquired Gizmo5 for about $30 million, as well as right away it has done the $68.2 million suggest for Global IP Solutions. That association provides VOIP solutions for the series of clients, together with Yahoo, and not long ago voiced skeleton to recover an Android library that would capacitate easy video conferencing in apps. We’re guessing someone in Menlo Park favourite what they saw as well as decided to bake it right into a OS, though that’s pristine, ungrounded conjecture. This suggest still needs to be approved by 90% of Global IP’s shareholders though, since that $68.2 million represents the nearly 30 percent boost in the company’s batch cost final week, you don’t consider there will be any complaint there — but there you go speculating again. Show full PR textGoogle to Make Cash Offer to Acquire Global IP Solutions

MOUNTAIN VIEW, Calif. and SAN FRANCISCO, May 18 /PRNewswire-FirstCall/ — Google Inc. (Nasdaq: GOOG) as well as Global IP
Solutions (GIPS) Holding AB (publ) (OSE: GIPS) currently announced that they have entered into the contract agreement underneath that Google Acquisition Holdings Inc., a wholly owned auxiliary of Google, will make the endorsed voluntary open money offer to take all a issued as well as to be released shares of GIPS for NOK 13.0 (USD 2.12) in cash per share, or an total cost of approximately NOK 421 million (USD 68.2 million) formed upon a currently released as well as superb share collateral of GIPS.
(Logo: http://www.newscom.com/cgi-bin/prnh/20081016/GIPSLOGO)
“The Web is elaborating fast as a development platform, as well as real-time video as well as audio communication over a Internet have been becoming critical new tools for users,” said Rian Liebenberg, Engineering Director at Google. “GIPS’s record provides tall peculiarity, real-time audio and video over an IP network, as well as we’re seeking brazen to working with the GIPS group during Google to continue innovating for a Web height.”
“This is an sparkling milestone for GIPS as we stick on Google with a common vision to renovate as well as accelerate IP communications,” said Emerick Woods, Global IP Solutions CEO. “With Google’s global stretch, scale as well as at large famous care, you have been assured that our existent business will continue to be entirely upheld whilst you continue to raise and extend the products as well as record at Google.”
The suggest cost represents the reward of 142.1% over the shutting share cost of GIPS batch (adjusted for a rights emanate in GIPS completed in March 2010) on January 11, 2010, the final trade day before to GIPS creation the open proclamation of vital interest from the potential buyer, the reward of 170.8% over a subscription cost per share of GIPS batch in a last rights offering completed in March 2010 as well as the premium of 27.5% compared to a shutting share cost upon 14 May, 2010, a final trading day prior to the offeror’s open proclamation of the intention to have the offer. Furthermore, the suggest cost represents the premium of 54.6% compared to a practiced volume weighted normal marketplace price for the final three month period before to a announcement of the transaction.
The execution of the suggest will be theme to a compensation or waiver by a offeror of prevalent conditions, together with acceptance of a offer by a holders of at slightest 90% of a GIPS share capital upon the entirely widely separated basement. The contract is not currently approaching to need capitulation by foe authorities in any office. The suggest will not be subject to any financing condition and will be saved from Google’s existent money resources.
Following a successful execution of the suggest, a offeror intends to means GIPS to contention an application to delist a GIPS stock from a Oslo Stock Exchange as well as to beginner compulsory merger record with respect to the superfluous minority shareholdings in GIPS in suitability with Swedish law.
An offer document setting onward in item the conditions of a suggest is approaching to be published as well as distributed to all GIPS shareholders upon or about 20 May, 2010, following examination as well as capitulation by a Oslo Stock Exchange. The death date of a suggest is expected to be upon or about 4 June, 2010, as it may be extended by a offeror in suitability with a suggest request as well as applicable law. In a event a conditions to the offer have been not confident or waived by a offeror before to 31 August, 2010, a suggest will relapse.
Based on a information provided upon a date hereof, the house of directors of GIPS has done a resolution to suggest a suggest. The orthodox required matter from the house of directors of GIPS will be enclosed in a suggest request. Certain GIPS shareholders, together with Kistefos Venture Capital AS as well as Kistefos Venture Capital II DA, have irrevocably committed to accept a suggest with apply oneself to approximately 50% of a outstanding shares as well as votes of GIPS.
GIPS has entered into a transaction agreement with Google which, between alternative things, regulates a suggest routine, imposes restrictions upon sure actions by GIPS outside the ordinary course of business and contains non-solicitation supplies. The contract agreement also provides which the house of directors of GIPS may usually withdraw the letter of reference on sure conditions as well as conditions.
SEB Enskilda is behaving as Google’s sole strategic as well as monetary confidant in a contract as well as as a reception representative for a suggest. ABG Sundal Collier Norge ASA is behaving as financial confidant to the GIPS house of directors.
The description contained herein is conjunction an suggest to purchase nor a questionnaire of an offer to sell shares of GIPS. On or about 19 May, 2010, the offeror skeleton to tell as well as discharge to all GIPS shareholders of record an suggest document setting onward the conditions of a offer. The suggest request will enclose critical report about the offeror, GIPS, a contract and related counts. Investors as well as GIPS shareholders are urged to read a suggest request carefully when it becomes accessible. Investors will be able to obtain giveaway copies of a suggest document by contacting SEB Enskilda, a reception agent for a suggest, during +47 21008500 or by visiting www.sebenskilda.no.
The offer will not be made in any office in which a creation of a suggest would not be in compliance with the laws of such office.
About Global IP Solutions
Global IP Solutions (GIPS) provides best-in-class voice as well as video estimate in IP communications. GIPS enables its business to broach unmatched quality, with a faster time to marketplace as well as less risk than pick solutions. GIPS serves application developers, use providers, as well as network apparatus vendors. Its customer list includes Nortel, Oracle, Samsung, WebEx, Yahoo!, AOL as well as other pass players in a VoIP marketplace. The company is headquartered in San Francisco with offices in Stockholm, Boston as well as Hong Kong. More information during www.gipscorp.com.
About Google Inc.
Google’s innovative poke technologies bond millions of people around a universe with report each day. Founded in 1998 by Stanford Ph.D. students Larry Page and Sergey Brin, Google currently is the tip web skill in all vital tellurian markets. Google’s targeted promotion module provides businesses of all sizes with measurable formula, whilst enhancing a altogether web experience for users. Google is headquartered in Silicon Valley with offices throughout the Americas, Europe as well as Asia. For some-more report, revisit www.google.com.
Caution Concerning Forward-Looking Statements
This request includes sure forward-looking statements, including statements per a approaching timing of a contract, Google’s as well as GIPS’s ability to complete a contract, as well as a approaching benefits of the contract. These statements have been formed upon a stream expectations or ideology of managements of Google as well as GIPS and have been subject to uncertainty as well as changes in circumstances. Actual formula may change materially from those expressed or pragmatic by a statements herein due to (1) changes in mercantile, commercial operation, rival, technological and/or regulatory factors, (2) disaster to embrace compulsory approvals for a contract, (3) disaster to contest successfully in the highly competitive as well as fast becoming different marketplace, (4) disaster to keep key employees, as well as (5) other factors inspiring the operation of the particular businesses of Google as well as GIPS. More detailed report about these as well as alternative factors which may start stream expectations may be found in filings by Google with a U.S. Securities and Exchange Commission, together with Google’s many new Annual Report upon Form 10-K and Quarterly Report upon Form 10-Q, as well as in filings by GIPS with a Oslo Stock Exchange, including GIPS’s many new annual and quarterly reports. Google as well as GIPS have been underneath no obligation to, as well as specifically disclaim any such obligation to, refurbish or change their respective forward-looking statements, either as the result of brand-new information, destiny events, or otherwise.