Acquisitions

Zynga acquires Clumsy Ninja developer NaturalMotion for $527 million

Cody Lee ∙ Updated March 19, 2018

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...

Yahoo buys Donna virtual assistant maker Incredible Labs, will shut down app

Christian Zibreg ∙ Updated January 24, 2018

Yahoo's shopping spree continues as the company announced Thursday its newest acqui-hire: San Francisco based Incredible Labs, the team behind a rather compelling virtual assistant app named Donna.

Incredible launched Donna on iOS last summer. Named after Donna Moss, the popular assistant from the TV show The West Wing, the software is basically a cross between Google Now and Siri.

The application strives to manage your day with features like smart notifications, an anticipatory calendar and in-app directions, to mention but a few. Donna would proactively tell you about upcoming appointments, dial into conference calls for you, let others know when to expect you by analyzing traffic conditions and your frequent locations - even taking into account the little things like the current parking situation.

In November, Donna got updated with Lock screen calling, smarter meeting scheduling and other features. Nothing indicated at the time that Incredible would slow the pace of Donna development, let alone sell out to Yahoo.

Unfortunately, there is some bad news for Donna fans out there: the Internet giant will be shutting down the application following the acquisition...

Google selling Motorola Mobility to Lenovo for $2.9 billion

Cody Lee ∙ January 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...

Google buys AI startup DeepMind for $500 million

Christian Zibreg ∙ January 27, 2014

Google is getting closer to becoming SkyNet after laying its hands on artificial intelligence startup DeepMind Technologies for a reported $400 million, with some sources claiming as much as $500 million. According to a scoop by Re/code, a new project by former AllThingsD and WSJ journalists Kara Swisher and Walt Mossberg, Google has confirmed the deal but wouldn't wouldn't specify a price...

Some theories on why Apple didn’t buy Nest…

Christian Zibreg ∙ Updated January 26, 2016

Google's acquisition of the smart thermostat and smoke detector maker Nest Labs, which came out of the blue yesterday, has certainly set tongues wagging. And when you think of it, the shock and awe didn't stem from the business side of things - it came from buying users of a lovable service in a non-physical space, but whose relationship with the service is part physical.

And to think it all began like a fairy-tale...

Here's a cutesy little startup led by Tony Fadell, a former Apple engineer who used to lead the iPod's development over seventeen generations before leaving Cupertino amid feud with design guru Jony Ive and iPhone software head Scott Forstall to co-found Nest Labs, along with fellow Apple staffer Matt Rogers.

"Starting a business focused on the lowly thermostat seemed like a crazy idea at the time," Fadell wrote yesterday in a blog post. Turned out a lot of people fell in love with his smart thermostat. Just as Nest was about to complete another round of funding, Google swept in and bought the company outright for $3.2 billion in cash.

Sources claim Google was the only serious bidder and Apple was not in the mix. Heck, the iPhone maker didn't even bother to put up a fight. But why? Here are some of the more popular theories floating around (feel free to add your own in the comments)...

And just like that, Google buys smart thermostat and smoke detector maker Nest Labs

Christian Zibreg ∙ January 13, 2014

The Internet giant Google has announced that it has bought Nest Labs, the maker of a family of iPhone-controlled smart thermostat and smoke and carbon monoxide detector devices for connected homes. Nest will continue to operate independently of Google and won't share customer data with them. Nest was founded by the brilliant engineer Tony Fadell who used to work at Apple where he was charged with the iPod music player project.

Yes, the iPod Godfather now works for Google! The transaction is valued at a whopping $3.2 billion in cash. Google paid quite handsomely to buy Nest, didn't they? Considering Nest raised about $80 million in venture funding, the acquisition qualifies as one of the most profitable exit strategies among Silicon Valley startups.

iDownloadBlog's Jeff Benjamin reviewed the Nest learning thermostat and was impressed with its sleekness and functionality, the $249 price point be damned...

Apple reportedly acquires burst photo app-maker SnappyLabs

Cody Lee ∙ January 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…

Apple believed to have acquired mapping firm BroadMap, note-taking app Catch

Cody Lee ∙ Updated April 14, 2018

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...

WSJ: Sprint looking to acquire T-Mobile USA

Cody Lee ∙ Updated December 23, 2017

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...

Yahoo buys video startup QuikIO

Christian Zibreg ∙ Updated January 25, 2018

In the past year or so, Yahoo's been bolstering up its video and rich content expertise by acquiring smaller startups left and right. The company kicked off the acquisition spree by buying the mobile news startup Summly for $30 million and the #2 blogging platform Tumblr for north of $1 billion. Soon after, Yahoo paid $50 million for the cool iPhone video app, Qwiki.

In the ensuing months, Yahoo snapped up the DreamWorks-funded video-sharing app Ptch and announced that the New York Times technology columnist David Pogue and American television journalist Katie Couric are joining its A-team of premium content producers.

Today, it was reported that Yahoo in another acqui-hire move bought the cross-platform video startup called QuikIO...

Verizon wins approval for $130 billion purchase of Vodafone’s stake in VZW

Cody Lee ∙ Updated April 14, 2018

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..