By Cody Lee on Mar 5, 2014
Flipboard has announced this morning that it has acquired popular news reader app Zite from CNN. The company didn’t disclose pricing details, but word has it that it went for $60 million and part of the deal is that Flipboard will begin syndicating CNN content inside its apps.
For those unfamiliar with the app, it’s billed as an ‘intelligent magazine’ that helps you discover interesting things to read. Almost like a Pandora for RSS feeds, Zite analyzes millions of articles each day to offer you content on over 40K topics based on your habits and preferences… Read More
By Cody Lee on Mar 4, 2014
TechCrunch is reporting that Intel has acquired smartwatch maker Basis for between $100 and $150 million. The buyout follows a scoop from February that the startup was shopping itself around to a number of high-profile tech firms including Google, Microsoft and yes, Apple.
For those unfamiliar with the brand, Basis makes a smartwatch-like device called the Basis Health Fitness Tracker, which it calls the “world’s most advanced health tracker.” The wearable is capable of capturing heart rate patterns, tracking multiple sleep stages and much more… Read More
By Cody Lee on Feb 25, 2014
Since Facebook announced last week that it would be acquiring WhatsApp for $16+ billion, pundits have been trying to make sense of the deal. How can a messaging app startup be worth so much more than say, Motorola Mobility, which has thousands of employees?
According to Mark Zuckerberg, it’s not. It’s worth more. Speaking at Mobile World Congress in Barcelona yesterday, the CEO said that WhatsApp was a ‘great fit’ for his company and that it was worth more than the $19B ($16B + $3B in vested shares) they paid for it… Read More
By Cody Lee on Feb 21, 2014
TechCrunch is reporting that Apple has acquired Burstly, the company behind the popular iOS testing platform TestFlight. There’s no word on the details, or pricing, but the company has confirmed the acquisition and its employees are already working in Cupertino.
For those unfamiliar with the service, TestFlight allows developers to distribute its apps to beta testers before pushing them to the App Store for release. It’s similar to HockeyApp, and several developers create their own testing platforms via Apple’s enterprise program… Read More
By Christian Zibreg on Feb 21, 2014
Verizon last September announced that it has reached an agreement with Vodafone to buyout its 45 percent stake in Verizon Wireless in one of the largest corporate acquisitions in history.
In December, the Big Red carrier won necessary approvals from the Federal Communications Commission and today the company announced that the acquisition has been completed - Verizon now owns 100 percent of the “industry-leading U.S. wireless carrier”… Read More
By Cody Lee on Feb 20, 2014
The entire Internet is abuzz right now with this whole Facebook and WhatsApp deal. For the few that haven’t heard yet, the social network announced yesterday afternoon that it has agreed to acquire the cross-platform messaging giant for a staggering $16 billion.
Since the announcement, details of the buyout negotiations between the two companies have begun to slowly trickle in, and as you might expect, some of them are rather interesting. Fortune, for example, is reporting that Google actually offered to buy WhatsApp first… Read More
By Cody Lee on Feb 19, 2014
Elon Musk, CEO of Tesla Motors, in an interview Bloomberg today confirmed speculation that his Palo Alto-based electric car company has held talks with Apple. He wouldn’t comment on what the conversations revolved around, but noted that an acquisition was “very unlikely.”
Musk’s comments follow a report by The San Francisco Chronicle earlier this week that suggested the two were in buyout discussions. The paper claimed that the meeting took place in Cupertino between Musk, Tim Cook and Apple’s chief of mergers and acquisitions Adrian Perica… Read More
By Cody Lee on Feb 19, 2014
Facebook has announced this afternoon that it has reached a deal to acquire WhatsApp, the makers of the popular cross-platform messaging app, for a staggering $16 billion. That’s $4 billion in cash and approximately $12 billion in Facebook shares.
The social network says that WhatsApp will continue to operate independently after the acquisition, but claims the deal with WhatsApp—who has nearly 500 million users—”accelerates Facebook’s ability to bring connectivity and utility to the world.”
By Cody Lee on Feb 17, 2014
TechCrunch is reporting this evening that Basis, the company behind the Basis Health fitness tracker, has put itself up on the auction block. And, as usual, there are a number of high-profile tech companies interested in buying it including Microsoft, Google, Samsung and yes, Apple.
To be more specific, Basis makes a smartwatch-like device that it calls the “world’s most advanced health tracker.” It has built-in sensors capable of capturing heart rate patterns, tracking multiple sleep stages and calorie expenditure by activity, and even monitoring skin temperature… Read More
By Cody Lee on Feb 16, 2014
As Apple continues to seek growth outside of smartphone and tablet markets, we’ve heard various rumors speculating on what areas the company could enter next. Automotive and medical industries have been popular answers as of late, and today a report added weight to those theories.
The San Francisco Chronicle is reporting today that Apple has been exploring both cars and medical devices to reignite growth, and the scoop is filled with interesting tidbits. For example, the outlet claims Apple execs met with Tesla CEO Elon Musk last year to discuss a potential buyout… Read More
By Cody Lee on Feb 14, 2014
This is kind of interesting. The Wall Street Journal is reporting this morning that the popular voice call app Viber has agreed to a deal to be acquired by Rakuten for $900 million. For those unfamiliar with the e-commerce giant, it’s essentially Japan’s version of Amazon.
Viber is available on all major mobile and desktop platforms, and is one of Skype’s biggest competitors with over 300 million users worldwide. It was one of the first apps to allow 3G VoIP on the iPhone and it now supports land-line calls, messages and even push-to-talk… Read More
By Cody Lee on Jan 31, 2014
When news hit earlier this week that Google had agreed to sell its Motorola Mobility unit to Lenovo for $2.9 billion, it surprised a lot of people. Not only was the sale price some $10 billion below what Google paid for Motorola 3 years ago, but Lenovo? Where’d that come from?
According to a recent Fortune interview with Lenovo CEO Yuanqing Yan, that was the plan all along. Yan says that his company has been eyeing Motorola since before Google came along , and it has major plans for it. Lenovo wants to become the #1 smartphone-maker in the world… Read More
By Cody Lee on Jan 30, 2014
Zynga has reached a deal to acquire NaturalMotion, the UK-based gaming company behind Clumsy Ninja and other titles, for half a billion dollars. The announcement came this afternoon, alongside the sad news that Zynga would be laying off 15% of its work force.
The deal is interesting for a few reasons. The first is the price tag: $527 million in cash and Zynga stock. That makes this the company’s largest acquisition to date—more than twice its OMGPOP buyout. And two, it signals a change of direction for the game-maker… Read More
By Cody Lee on Jan 29, 2014
Well this is an interesting turn of events. It appears that Google has decided to sell its Motorola Mobility arm to electronics giant Lenovo for $2.91 billion. The deal is said to include the entire Motorola division and some 10,000 of its 17,000 patents.
If the deal gets approved, Google would be selling Motorola for far less than the $12.5 billion it paid for it back in 2011. It looks like it’s holding on to some of Motorola’s IP though, and retaining licenses to its other patents, so it wouldn’t be a total loss…
By Cody Lee on Jan 5, 2014
Apple has reportedly acquired app developer SnappyLabs, the one-man photo technology startup behind the app SnappyCam. For those unfamiliar with the title, it was a popular camera app that allowed users to take full-resolution pictures at 20 to 30 frames per second.
SnappyCam mysteriously disappeared from the App Store, shortly after founder John Papandriopoulos announced that he had achieved a breakthrough with “discrete cosine transform JPG science.” He essentially reinvented the JPG image format, and word has it Apple wanted in… Read More
By Cody Lee on Dec 23, 2013
During Apple’s latest earnings call, Tim Cook noted that the company made 15 ‘strategic acquisitions’ during its fiscal 2013. But out of those 15 purchases, we’ve only heard about 9 or 10 of them, begging the question: who else did Apple buy this year?
Mark Gurman over at 9to5Mac has a pretty good theory about at least two of them. Citing sources inside Apple, as well as evidence from LinkedIn and other sites, Gurman is reporting that Apple also acquired mapping firm BroadMap and Catch this year… Read More
By Cody Lee on Dec 13, 2013
The Wall Street Journal is reporting this afternoon that Sprint is working on a potential T-Mobile USA purchase. The carrier is said to be looking into regulatory concerns right now, and a bid in upwards of $20 billion could come in early 2014.
A merger of these two wireless providers would be significant for a few reasons. For one, it would leave just 3 major competing carriers in the US. And two, Sprint and T-Mobile have a combined subscriber base close to that of AT&T and Verizon… Read More
By Cody Lee on Dec 6, 2013
Back in September, Verizon announced that it had reached an agreement with Vodafone to purchase its 45% stake in Verizon Wireless. The carrier, which was founded in April of 2000, has thus far been a joint venture between the two companies.
With a purchase price believed to be approaching $130 billion, the deal will go down as one of the largest acquisitions in history. And it looks like it will be happening sooner, rather than later, as the FCC has just given the transaction its approval.. Read More
By Cody Lee on Nov 24, 2013
A week ago, a report surfaced from Israeli news outlet Calcalist claiming that Apple had reached an acquisition deal with the 3D sensor tech company PrimeSense. The purchase wasn’t final, but the outlet seemed pretty confident it was close.
Today, Globes adds it weight to the story with its own report. Thepublication—who has a solid track record of providing accurate intel regarding high-level buyout talks—says the deal was completed Friday and will be announced next week… Read More
By Cody Lee on Nov 17, 2013
Apple has reportedly purchased PrimeSense, an Israeli-based 3D sensor technology company, for $345 million. Rumors of the acquisition surfaced earlier this year, but Israeli news outlet Calcalist says the deal is now done, and Apple plans to announce it within the next few weeks.
PrimeSense is best known to most folks for its work with Microsoft, who used its technology, chips, and designs inside the first Kinect sensor for the Xbox 360. But the company sells its own 3D sensors and software for use in other markets such as as TV, mobile, retail, and robotics… Read More