Google Inc.’s $3.2 billion purchase of a digital thermostat maker may jump-start a multibillion- dollar race to acquire companies that are powering the rise of Web-connected devices across homes, cities and workplaces.
Silver Spring Networks Inc., the maker of networking equipment for smart electricity grids, surged in its first day of trading after raising 21 percent more than planned in a U.S. initial public offering.
Silver Spring Networks Inc., the maker of networking equipment for smart electricity grids, seeks to raise about $67 million in its initial public offering, less than half the amount it initially sought, after waiting more than a year and a half to proceed with the sale.
EMC Corp., the world’s biggest maker of storage computers, invested $24 million in smart-grid networking equipment maker Silver Spring Networks Inc. to accelerate joint development of smart-grid analytics services.
Sapporo Holdings Ltd., the Japanese brewer that last year said it had about $1.5 billion to spend on acquisitions, bought Florida-based juice maker Silver Springs Citrus Inc. to expand in the world’s largest economy.