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
By Cody Lee on Jun 11, 2014
As expected, touchscreen chipmaker has announced that it will be buying Renesas SP Drivers, the sole supplier of display chips for the iPhone. The deal is said to be worth $475 million—around the same price Apple was rumored to bid for the company earlier this year.
For those unfamiliar with Renesas, it’s a joint venture between Powerchip and Sharp that specializes in building LCD drivers for small and mid-sized LCD panels. These chips determine a display’s quality, and typically account for around 10% of a device’s battery usage… Read More
By Cody Lee on Jun 4, 2014
Bloomberg is reporting this afternoon that Sprint and T-Mobile are getting very close to reaching a deal for acquisition. The outlet says that the purchase, if agreed upon, will be made in about 50% stock and 50% cash, but there’s no word yet on price.
Sprint has been rumored to be interested in T-Mobile for months now. The carrier, which was recently taken over by Japan’s SoftBank, has been impressed with the ‘uncarrier’ movement, and a buyout will make it more of a threat to AT&T and Verizon…
By Cody Lee on May 28, 2014
In addition to giving comments for the press release and writing a memo to employees, Tim Cook apparently invited a handful of high profile journalists to Apple’s Cupertino headquarters today to talk about the just-announced Beats acquisition.
Cook spoke with reporters from the Wall Street Journal, the New York Times, the Financial Times and other publications this afternoon on the Beats buyout. And we’ve rounded up some of the more interesting tidbits from each interview, below… Read More