By Cody Lee on Aug 5, 2015
Runtastic has been acquired by sportswear giant Adidas, the company’s CEO and co-founder Florian Gschwandtner announced in a blog post on Wednesday. The deal is said to be worth somewhere in the neighborhood of 220 million euros (or $239 million).
For those unfamiliar with Runtastic, it develops and maintains a number of fitness apps for iOS, Android, Windows Phone and BlackBerry. It has also dabbled in hardware with a GPS watch, a heart rate monitor, and the recently-released Orbit fitness tracker. Read More
By Cody Lee on May 28, 2015
Apple has acquired augmented reality startup Metaio, according to a recently surfaced legal document. A spokesperson for Apple confirmed the purchase to TechCrunch, saying “Apple buys smaller technology companies from time to time, and we generally do not discuss our purpose or plans.”
The filing claims that shares of Metaio were transferred over to the Cupertino firm between May 21st and 22nd, so it seems the acquisition was completed fairly recently. The company, which was essentially an offshoot of an AR project at German automaker Volkswagen, was founded in 2003. Read More
By Cody Lee on May 17, 2015
Apple appears to have quietly acquired San Francisco-based GPS firm Coherent Navigation, MacRumors reported on Sunday. Several of the company’s employees, including the CEO and co-founders, all started working for the iPhone-maker in recent months, and its domain servers were recently updated to point to Apple.
Among Coherent’s technology is something called High Integrity GPS, which offers greater accuracy and precision and higher signal integrity versus standard GPS. It accomplishes this by combining signals from both mid-earth orbiting GPS satellites low-earth satellites used by data provider Iridium for voice and data. Read More
By Cody Lee on Apr 8, 2015
Apple quietly purchased Dryft, a startup that develops keyboard apps, according to a new report from TechCrunch. The site says that the acquisition happened sometime last year, but the financial terms of the deal are still not known.
Dryft, who TechCrunch notes was a finalist in its 2013 Disrupt startup battlefield competition, gained notoriety for its custom mobile keyboard that would only appear when the user placed their fingers on their device’s display. Read More
By Cody Lee on Apr 6, 2015
Apple has quietly acquired Ottocat, reports TechCrunch, a little-known startup with some interesting search tech. The deal went down a few years ago—sometime in 2013—but its impact is still being felt today. The site believes the company’s tech is behind the App Store’s fairly new ‘Explore’ section.
There’s little evidence of the acquisition, except for a patent granted to Apple that lists Ottocat co-founder Edwin Cooper as an inventor. The patent is titled “System and Method for Divisive Textual Clustering by Label Selection Using Variant-Weighted TFIDF,” and clearly incorporates Ottocat’s tech. Read More
By Cody Lee on Jan 14, 2015
Samsung has recently approached BlackBerry with an acquisition offer, reports Reuters. Citing a person familiar with the matter, the outlet says that the Korean electronics giant offered as much as $7.5 billion to buy the struggling handset-maker.
By Cody Lee on Jan 8, 2015
Facebook is purchasing the San Diego, California-based web video startup QuickFire Networks for an undisclosed amount. The company announced the acquisition on its website today, saying that “key members” of its team will be joining the social networking giant as it “winds down operations.”
QuickFire is known for its propriety software tech that significantly reduces the bandwidth needed to view video online without degrading its quality. The startup will help Facebook build an infrastructure capable of supporting the massive influx of video consumption it’s currently experiencing. Read More
By Cody Lee on Nov 19, 2014
Google has acquired RelativeWave, the team responsible for the popular iOS app prototyping software Form. Form is available for Mac and iOS, and allows designers and developers to create rich interactive app prototypes and run them on their iPhone or iPad.
In a note on its website today, RelativeWave announced that they would be joining Google to continue their work on the software, saying they “want to get Form in the hands of as many people as possible, and this is [their] first step in accomplishing that goal.” Read More
By Cody Lee on Nov 8, 2014
AT&T on Friday announced that it is set to acquire Mexican carrier Iusacell for a total of $2.5 billion, including debt. The two companies have entered into an agreement, which will occur once investor group Grupo Salinas completes its own ongoing acquisition of Iusacell.
The plan, AT&T says, is to expand Iusacell coverage beyond its already near-9 million subscriber base in Mexico. The carrier sees a large potential for growth in the country thanks to recent competitive-friendly changes made to wireless regulations by President Peña Nieto. Read More
By Cody Lee on Nov 3, 2014
Apple has acquired cloud networking startup Union Bay Networks, according to The Seattle Times. The company focused on “enabling the next generation of networking for cloud computing and software defined datacenters,” and seven out of nine of its former employees are said to have been hired by the Cupertino firm.
Of course, Apple hasn’t officially commented on the acquisition, but it seemingly confirmed the purchase earlier today by providing The Seattle Times its boiler plate public relations response of “Apple sometimes buys smaller technology companies from time to time, and we generally do not discuss our purpose or plans.” Read More
By Cody Lee on Sep 12, 2014
Before raising its latest $100 million in funding, Square was in talks with Apple regarding a possible acquisition, reports TechCrunch this afternoon. The outlet says that the two companies held discussions briefly, but the conversation quickly ended when their final numbers didn’t match up.
Apparently Apple was willing to pay around $3 billion for the mobile payments company, about 30% over its value. TechCrunch even claims that the Cupertino firm showed Square hardware it was working on that would compete directly with its point-of-sale tools, but the company declined. Read More
By Jake Smith on Aug 25, 2014
Amazon has acquired Twitch, the world’s leading video platform and community for gamers, both companies announced in a statement after the market close on Monday. Google’s YouTube was thought to have originally been the winning bidder, but that has changed after Amazon stepped in to close the deal. Read More
By Cody Lee on Aug 15, 2014
With much of the ‘next big thing in tech’ talk focused on wearables and mobile payments, it’s easy to forget about the connected home. But all of the major tech companies are making major moves in this space, including Google, Apple and now Samsung.
Following Google’s Nest acquisition and Apple’s HomeKit unveiling, Samsung announced this week that it has purchased smart home startup—and former Kickstarter sensation—SmartThings. The money is said to be in the neighborhood of $200 million… Read More
By Cody Lee on Aug 1, 2014
It’s been just over 2 months since Apple announced that it would be acquiring Beats Electronics for $3 billion. And although the deal wasn’t expected to be completed until September, the Cupertino company is clearly ready to officially welcome Beats to the family.
Apple this morning posted a link on the homepage of its website to a new portal called ‘Welcome Beats,’ which features a brief message about the merger. Likewise, a message has been posted on Beats’ homepage regarding the acquisition and upcoming changes… Read More
By Cody Lee on Aug 1, 2014
It appears that Sprint may have some new competition in the T-Mobile suitors club. The Wall Street Journal is reporting that French telecom Iliad has offered to buy T-Mobile U.S., putting in a bid of $15 billion cash for a majority 56.6% stake in the carrier.
Like T-Mobile in the United States, Iliad is the fourth largest wireless provider in France. Founded by billionaire French entrepreneur Xavier Niel, the company has climbed its way to the top by offering better pricing and customer service than the competition… Read More
By Cody Lee on Jul 24, 2014
Google has reportedly reached an agreement to acquire Twitch for $1 billion. After several months of rumors that the search giant was courting the streaming video platform, VentureBeat says that it has confirmed with several sources that it’s a done deal.
For those unfamiliar with the service, Twitch is a San Francisco-based company that enables people to broadcast video game sessions from their consoles, computers, and as of March, mobile devices. It also distributes content from CBS Interactive partners… Read More
By Cody Lee on Jul 22, 2014
One of the more interesting tidbits from today’s earnings call was a revelation about Apple’s recent acquisitions. Tim Cook said the company has purchased 5 companies since the end of the March quarter, and a total of 29 companies during the past 9 months.
Apparently these numbers do not include the Beats Electronics deal—Apple’s largest acquisition to date—because it has not completely finalized yet, and isn’t expected to until later this quarter. So who are the other companies? These are the ones we know about… Read More
By Cody Lee on Jun 21, 2014
Smart thermostat-maker Nest announced on Friday that it has reached an agreement to acquire Dropcam. The company, which itself was purchased by Google earlier this year, says that the all-cash deal is worth a hefty $555 million.
For those unfamiliar with Dropcam, it’s behind the popular line of Internet-connected home monitoring cameras. Major selling points for the cameras include easy setup, 2-way audio and remote streaming via any PC or mobile device… Read More
By Cody Lee on Jun 13, 2014
Priceline has announced today that it has reached an agreement to acquire online restaurant reservation service and Apple content partner OpenTable. The travel site will be doling out $103 per share in the all cash transaction, which is said to be worth $2.6 billion.
For those unfamiliar with it, OpenTable facilitates restaurant reservations through its website and mobile apps. Apple has long been a proponent of the service, which it reaffirmed in 2012 by integrating it into its digital assistant Siri, as part of the year’s iOS 6 update… Read More