Acquisitions

Apple just needs smart sensors so AuthenTec unloads its encryption biz

Christian Zibreg ∙ November 19, 2012

AuthenTec, the maker of NFC chips and smart sensors that Apple bought in the summer for $356 million, has sold off its division which makes encryption-based security hardware and software. The buyer is French NFC maker and contactless chip provider Inside Secure and the transaction is valued at $48 million.

That Apple decided to get rid of AuthenTec's Embedded Security Solutions division is another tell-tale sign that the iPhone maker snapped up AuthenTec for its NFC solutions and smart sensors that are not part of the Inside Secure deal.

Yes Mr. Schiller, I know "Passbook does the kinds of things customers need today", but Apple did drop $356 million on an NFC tech maker and obviously your next iPhone is going to have NFC...

Nokia unveils new mapping service Here, native iOS app coming soon

Christian Zibreg ∙ Updated July 12, 2017

The embattled handset maker Nokia introduced at today's press conference in San Francisco today some interesting news related to maps. In an attempt to beat Google and Apple to the mapping punch, Nokia tapped 20 years of location expertise and its data sets spanning 200 countries to map out a new strategy which involves a re-branding effort, cool new features and a good ol' acquisition. Nokia Maps is no more. Henceforth, the new mapping service shall be known as Here.

The new cloud-based map service works across multiple devices and operating systems, it does directions and location, lets people save favorite locations and supports crowd-sourcing by allowing users to report errors and make changes themselves.

The service is based on HTML5 and an iOS app is in the works, pending Apple's approval. The iOS app will have voice-guided walk navigation, public transport directions and will cache data for offline use. And taking page from Apple's book, Nokia spent an undisclosed sum to snap up California-based 3D mapping company Earthmine, with aim to use its technology to help index the world in 3D...

Color is a talent acquisition

Christian Zibreg ∙ October 18, 2012

You may have heard that Color Labs, a Palo Alto-based startup that raised $41 million on the concept of a media sharing app called Color, has collapsed as its shareholders and board last week voted to shut the company down. There's a chance you also felt excited about the prospect of Apple acquiring Color Labs for “high double-digits” millions and breathing new life into the company, per Ken Yeung and Matthew Panzarino of The Next Web.

Looks like the authors got it wrong because what Apple has really paid a couple million bucks for is its handful of engineers because the company itself is worthless. A new report by a blog owned by well-informed The Wall Street Journal has it that Apple is reportedly paying something to the tune of $2 to $5 million for Color Labs’s engineering team comprised of about 20 people...

Sprint has acquired control of Clearwire

Christian Zibreg ∙ Updated January 26, 2016

It was reported that the nation's third-largest telco Sprint Nextel is looking to buy a controlling stake in Clearwire without an acquisition. Sure enough, Sprint instead opted to buy out one of Clearwire's other shareholders to increase its 48 percent stake to a controlling 50.8 percent stake. The terms of the deal were not disclosed, but Sprint acknowledged as much in a filing with the U.S. Securities and Exchange Commission on Thursday...

Apple said to be acquiring media sharing startup Color Labs

Cody Lee ∙ Updated January 22, 2018

It seems like Apple's on a bit of a shopping spree this week. Hot on the heels of yesterday's revelation that the company acquired web app firm Particle, comes another scoop about an acquisition.

A new report is out tonight claiming that Apple is about to buyout Color Labs, a Palo Alto-based social startup that allows users to share photos and videos through its Android and iOS apps...

Apple reportedly acquires web app firm Particle

Cody Lee ∙ Updated February 8, 2016

It's been a busy year for Apple acquisitions. The company has picked up Chomp, an app discovery startup, AuthenTec, who makes NFC chips and smart sensors, and there was even talk of it buying The Fancy.

Well it looks like we might be able to add another one to that list. Reports are coming in tonight that Apple has acquired Particle, a San Francisco-based creative consulting firm that specializes in HTML5 web apps...

Japanese carrier Softbank buys 70% stake in Sprint for $20 billion

Cody Lee ∙ October 14, 2012

There were reports last week that Softbank was interested in making a major investment in Sprint. Well those rumors materialized today, as the Japanese carrier is said to have purchased a 70% stake in the company.

The deal isn't exactly official yet, but the two parties are expected to make an announcement tomorrow morning. The purchase will give Softbank the controlling interest in the third largest carrier in the US...

Google buys Snapseed developer Nik Software

Christian Zibreg ∙ Updated January 26, 2016

Google is always on an acquisition spree but if their recent deals are anything to go by, it's hard to escape the notion that the search Goliath is specifically going after very successful iOS developers.

It snapped up mobile productivity maker Quickoffice earlier in the summer and in July bought the Sparrow team and merged it with the Gmail team while saying 'no' to new features for the popular iOS and Mac email client of the same name, much to the horror of die hard fans.

If you use Snapseed, a popular photography and image editing app for the Mac and iPhone/iPad, you probably won't like this: Google just bought them for an undisclosed sum...

Facebook completes Instagram deal, reaffirms commitment to mobile app

Christian Zibreg ∙ Updated February 7, 2016

Social networking giant announced intentions to acquire Facebook for a staggering $1 billion back in April, pending customary regulatory approval. Following its careful and thorough review, the United States Federal Trade Commission (FTC) has cleared the way for the transaction last month.

The deal was subsequently valued at around $747.1 million, $300 million in cash and 22,999,412 shares of Facebook common stock. As the deal is now closed, the Instagram team will relocate to the Facebook offices. Don't worry, they will continue to develop and enhance the Instagram app we've all grown to love...

Apple’s AuthenTec acquisition already under investigation

Cody Lee ∙ Updated April 4, 2018

It hasn't been 24 hours since the news broke that Apple acquired AuthenTec, and there's already talk of foul play. It seems that two law firms are investigating the acquisition to see if AuthenTec's Board intentionally undervalued the company to reach a deal with Apple.

Although the investigation appears to only involve AuthenTec at the moment, a resulting lawsuit could have a major impact on, or even block, Apple's latest tech purchase...

Analyst: Apple bought AuthenTec for enterprise security

Christian Zibreg ∙ Updated January 25, 2016

The news that Apple bought AuthenTec for $356 million is making rounds today, leading many to speculate that AuthenTec's technology will help turn into reality Apple's patented and yet unreleased iWallet and iTravel mobile apps that rely on NFC technology.

One analyst has a different take, saying Apple simply snapped up the NFC and smart sensors maker to keep it from falling into Samsung's hands, potentially making Galaxy tablets and smartphones more appealing to enterprise customers who above anything demand strong security...