Poly shareholders voted to approve HP’s $3.3 billion buy of their company, said Poly Thursday. The transaction is expected to close by the end of calendar 2022, it said. HP has said it believes its “scale” can help relieve Poly of the supply-chain woes that have hampered recent revenue growth for the supplier of audio and video work-from-anywhere solutions (see 2203280036).

Schneider Electric bought EV Connect, an electric vehicle charging platform, and plans to run it as a “distinct subsidiary,” said the companies Wednesday. Transaction terms weren't disclosed.

EBay closed a deal to buy KnownOrigin, a non-fungible token marketplace, for an undisclosed sum. KnownOrigin enables artists and collectors to create, buy and resell NFTs via blockchain-support transactions, said eBay Wednesday. EBay began allowing the buying and selling of NFTs in May 2021, and buying KnownOrigin gives it further access to an audience of digital collectors, it said.

Spotify closed its acquisition of digital audiobook distributor Findaway (see 2206170004), said the buyer Thursday, saying Findaway’s technology “will help propel Spotify into the rapidly growing audiobooks industry with substantial market opportunity.” Findaway’s technology infrastructure “will enable Spotify to quickly scale its audiobook catalog and innovate on the experience for consumers, simultaneously providing new avenues for publishers and authors to reach audiences around the globe.”

Semiconductor equipment maker Applied Materials bought Picosun, a Finnish-based supplier of atomic layer deposition (ALD) technology for producing specialty semiconductors, said the buyer Thursday. “As electronic products become smarter and more connected, they require greater numbers of specialty semiconductors built on non-leading-edge process nodes,” said Applied. Adding Picosun’s ALD technology broadens the Applied’s product portfolio and “customer engagements,” it said. Picosun also brings Applied “deep R&D capabilities,” it said. Financial terms of the transaction weren’t disclosed.

Independent media distributor Seven Arts Entertainment bought a 7.5% stake in Picture Pro, Los Angeles-based production company, said the buyer Thursday. Terms weren’t disclosed. Picture Pro's main focus is on raising capital for feature films through third-party financing and executive producers, it said. Accessing that funding through Picture Pro “will enable Seven Arts to produce larger features and be much more competitive in the film industry,” it said.

Qualcomm Technologies bought Cellwize, a Singapore-based mobile network automation and management company, with the goal of speeding 5G adoption, it said Monday. Transaction terms weren’t disclosed. Adding Cellwize’s radio access network software to the Qualcomm portfolio “will accelerate the development of the connected intelligent edge through the deployment of 5G private and public networks by reducing network deployment time and simplifying network management,” said Qualcomm.

Twitter’s refusal to share data with Elon Musk on the number of fake and spam accounts on the platform puts the company in noncompliance “with its obligations under the merger agreement,” lawyers for the Tesla CEO wrote Twitter Chief Legal Officer Vijaya Gadde Monday. “As Twitter’s prospective owner, Mr. Musk is clearly entitled to the requested data to enable him to prepare for transitioning Twitter’s business to his ownership and to facilitate his transaction financing,” said the lawyers. “To do both, he must have a complete and accurate understanding of the very core of Twitter’s business model -- its active user base.” Due to the “clear material breach” of Twitter’s obligations under the merger agreement, “Musk reserves all rights resulting therefrom, including his right not to consummate the transaction and his right to terminate the merger agreement.” they said. Twitter didn’t comment. Twitter shares closed 1.5% lower Monday at $39.56 -- roughly 27% below Musk's $54.20 offer price. In “certain specified circumstances” in which Musk's takeover is terminated, Musk has agreed to pay Twitter a $1 billion “reverse termination fee,” the payment of which he has personally “guaranteed,” says their merger agreement (see 2205170006). Musk has said the deal can't move forward until Twitter shows proof that fake or spam accounts comprise less than 5% of its memberships.

T-Mobile submitted to the FCC its first required annual report on its progress following the completion of its buy of Sprint in 2020, posted Friday in docket 22-211. But key numbers were redacted. Among the data points redacted are 5G sites deployed nationwide, the total MHz of low-band and mid-band 5G spectrum averaged over all the sites deployed and the numbers on T-Mobile’s rural build. T-Mobile also redacted the number of households to which it marketed its in-home broadband service. “As of May 2021, T-Mobile has the first and largest nationwide 5G network, covering over 88 percent of Americans in more than 9,100 cities and towns across 1.6 million square miles (with 1.45 million of that coverage in small town America) -- more than twice the 5G coverage area of Verizon or AT&T. T-Mobile’s 5G network now covers over 295 million people and we are on track for it to blanket over 300 million people by the end of 2021,” the report said. T-Mobile closed the buy April 1, 2020 (see 2004010069).

Broadcom will finance $32 billion of its proposed $61 billion VMware buy for cash and stock with new, "fully committed" debt financing from a “consortium of banks,” said the buyer Thursday. Broadcom also agreed to assume $8 billion in VMware debt, it said. The transaction is expected to close during Broadcom’s fiscal year ending October 2023. The deal includes a 40-day “go shop” provision enabling VMware to solicit bids from other potential buyers, it said. VMware Chairman Michael Dell has agreed to vote in favor of the deal, “so long as the VMware board continues to recommend the proposed transaction,” Broadcom said. Dell controlled 97.4% of VMware’s voting power as of a May 2021 proxy filing at the SEC. The VMware buy will take Broadcom and its business “to the next level,” said Broadcom CEO Hock Tan on a Thursday call with investors. “By adding VMware, we will bring significant scale to Broadcom’s software business.” Broadcom’s “target” is for VMware to contribute EBITDA of $8.5 billion “once we have fully integrated the company onto our platform,” said Tan. VMware on Thursday reported 3% revenue growth in its fiscal Q1 ended April 28 to $3.09 billion but canceled its quarterly earnings call due to the Broadcom transaction.