Hitch co-founders to join Lyft, Hitch technology to be integrated into Lyft
In a move that strengthens its multi-passenger Lyft Line ride service, Lyft has acquired the San Francisco-based Hitch. The ridesharing service boasted a price less than its competitors, including Lyft, while focusing on the social experience and personal connections of the ride. Complete details of the acquisition weren't stated by either company, but Hitch co-founders Snir Kodesh and Noam Szpiro will be joining Lyft.
Software creates dynamically-updating magazine apps, could aid publishers, iBooks Author
One of Apple's routinely-unpublicized acquisitions this year was magazine-app creator Prss. The firm, which created software that makes it easy to create magazine apps (and more importantly, to dynamically refresh them with silent updates), shut down this July -- and some of the former employees now appear to be working at Apple, according to Dutch enthusiast site iCulture. The iPad maker recently confirmed the acquisition.
Search company said to have purchased Docspad developer for upwards of $15 million
Yahoo's stream of acquisitions doesn't appear to be slowing down any time soon, as a new pick up was reported today. The Economic Times and the Times of India are both reporting that the one-year-old startup Bookpad was purchased by the search company. TechCrunch confirms that Yahoo purchased Bookpad after a spokesperson issued a statement to the publication.
Development, support to continue on Aviary's SDK under Adobe's Creative SDK banner
Adobe announced that it acquired a developer of software development kits (SDK) for photo-editing and third-party mobile software. Aviary's SDKs are to be folded into the Adobe Creative SDK, which the company is building as a development platform for mobile apps. Terms of the acquisition were not given, but Aviary was privately held.
No details available on acquisition or company behind it, no legal plan stated
It turns out that TwitPic won't be forced to shut down after all, according to a tweet sent out on the official TwitPic Twitter account. Apparently, an interested party came to the rescue by acquiring the company, allowing it to fight off its recent conflict with Twitter -- at least for now. TwitPic was previously said to be winding down on September 25 as a result of a trademark dispute with Twitter.
Company will continue to sell the Liftware device, will work under Google X labs
Google announced today that it acquired Lift Labs, a company that developed a "tremor-cancelling" device for people with Parkinson's Disease. The terms or amount of the deal weren't disclosed in the statement from Lift Labs, but it was said that the Liftware system would continue to be sold. Lift Labs appears to be excited to work with Google, but also recognizes that it couldn't have been in the position without the support of customers, Rock Health and the National Institutes for Health.
In-image advertising service shutting down, payouts still coming by end of September
Yahoo made another pickup in the advertising sector last week, acquiring the in-imaging advertising company Luminate. The advertising company announced the acquisition on its webpage, noting that services would be winding down effective September 3, with any reminding earnings or balances remaining to be returned by the end of September.
Jetpac to be removed from app store shortly, support discontinued in September
Google recently made another acquisition, this time involving a team that uses deep learning in its apps. The team behind the Jetpac City Guides app announced last week that they would be joining Google in an unspecified capacity. Details of the deal weren't disclosed, but the San Francisco-based team would be moving on to Google, leaving their apps behind in the process.
Most remain undisclosed, but details on Beats buyout rationale emerge
Apple CEO Tim Cook disclosed during Tuesday's conference call with analysts that Apple had acquired 30 companies and/or their talent over the course of the past nine months, back to the beginning of the fiscal year which began last October. Of these, less than half have been publicly revealed -- though a few of the higher-profile buyouts, such as the record-setting Beats Electronics and Music deal, have made headlines. On the topic of the latter company, Cook shared a bit more detail on the thinking behind it.
Deal passes final hurdle with California government approval after hearing last week
After a hearing last week with the California Department of Business Oversight, Facebook's $2 billion deal for virtual reality headset maker Oculus VR has officially closed this week. The California government was the final piece of regulation that the companies needed to clear for the offer, first reported in March, to go through.
Design team, Oculus working together for a nearly year on unannounced projects
Facebook's acquisition of Oculus VR has allowed the team behind the virtual reality headset to be aggressive in expanding its team. Today, the company announced that it entered into an agreement to acquire Carbon Design. The Seattle-based studio is responsible for the design of a number of products in the electronic world, including the original Kinect, the Xbox 360 controller and several Microsoft mice.
Redux to bring discovery technology to Crunchyroll, will shut down apps
Popular anime and drama streaming service Crunchyroll has announced today that it has acquired video discovery startup Redux. The team behind Redux will be joining the Crunchyroll family, bringing with them experience in lean-back types of video discovery. As part of the acquisition, Redux will wind down their service and apps.
Video discovery service to shut down as team moves to Samsung project
Shelby TV announced today that it has been acquired by Samsung. The company has revealed that even though it would remain a separate entity, it will be closing the doors on its service later in the year. Word of the acquisition confirms speculation on the acqui-hire of the team, which was first reported late last month.
Companies agree on $40 stock price, $1 billion payout if deal doesn't pass regulation
Cellular carriers Sprint and T-Mobile have agreed upon an outline for a proposed merger that would see Sprint acquiring its rival company for around $32 billion. Sources tell the Wall Street Journal that Sprint would pay about $40 a share for T-Mobile. The deal would further consolidate the cellular marketplace, reducing the number of large carriers to three if the merger is able to pass federal regulation.
Company takes high-definition images with satellites, deal could be worth $1 billion
Google may be looking to further expand its technology line-up, this time reaching into orbit for its most recent acquisition talks. Sources tell Techcrunch that the search giant is in talks with Skybox Imaging, a startup satellite company that takes high-definition images and video via satellite. The deal is reportedly being valued at upwards of $1 billion.
Audio sharing site could be Twitter's second attempt at music, growth solution
Twitter may be taking another stab at the music app business, as it is reportedly in talks with Soundcloud about a possible acquisition. Sources familiar with both companies have said that Twitter is considering a deal that would bring the social audio and music sharing service under its wing. The deal would mark the latest high profile purchase for Twitter, following its previous $350 million deal for MoPub in September 2013.
Boards of both companies agree unanimously to the deal for $95 per share
Today, AT&T and DirecTV reached an agreement over the acquisition of the satellite provider by one of the nation's largest cellular carriers. The details of the deal, which will come to a total of $49 billion, will see AT&T conducting a stock-and-cash transaction based on the closing value of AT&T's stock on Friday. The deal was agreed upon unanimously by board members on both sides.
Apple's acquisition of Beats Electronics gives it what it needs right now
A lot of eyebrows were raised when rumors of Apple's purported acquisition of Beats Electronics surfaced over the past few days. Until now, Apple is a company that has been known for making relatively small, targeted, acquisitions that have often eventually found their way into shipping Apple-engineered products as technological enhancements giving it a competitive edge. With around $150 billion in cash and liquid assets, all eyes have been on Apple for some time, waiting to see what it might splash out some of that cash on. No one outside of Apple could see the acquisition of Beats Electronics coming, and certainly not for what seems a somewhat hefty $3.2 billion.
Acquisition, if true, would be Apple's largest buyout ever by nearly 10x
In what could be a rumor intended to manipulate stock prices, the Financial Times is reporting that Apple is planning to buy the maker of the popular (though not well-regarded by audiophiles) Beats headphones and Beats Music streaming service for $3.2 billion. If true, the deal would be by far the largest-ever acquisition by Apple. Coincidentally, the report's alleged price for Beats -- more than three times higher than its valuation -- is the exact same amount paid by Google for Nest.
Acquired Nokia hardware business to be renamed Microsoft Mobile
Nokia is expecting to complete the sale of its Devices and Services business to Microsoft on April 25th, just as it previously advised. While both Microsoft and Nokia have confirmed the imminent closing of the deal, a letter sent to suppliers has leaked, claiming the division will be renamed to "Microsoft Mobile" sometime after its completion, as well as outlining other terms of the $7.2 billion acquisition.
Hints, but does not say, that 'conversations' centered around battery tech
Following reports that Apple had secretly met with officials from electric car company Tesla to discuss unspecified partnerships, the CEO Elon Musk commented on the rumors -- but phrased his replies in such a way that suggested either he was uninvolved in the talks (which seems unlikely) or didn't want to make clear what the "conversations" with Apple were actually about. Though confirming the meetings, Musk said little about them.
Smart appliance manufacturer purchase finalized by Google
Google has completed its acquisition of smart digital thermostat and smoke detector manufacturer Nest. A filing with the Securities and Exchange Commission shows the purchase of the hardware producer has been finalized and ended on February 7th, with the high-profile acquisition costing Google $3.2 billion in cash. Former iPod designer Tony Fadell will continue to lead the company, reporting to Larry Page.
Gaming company to reevaluate business strategies
Nintendo is off to a rough start in 2014, after news in January of a less-than-optimal quarterly performance for the company that saw the forecast number of units of the Wii U cut as revenues were down across the board. It didn't help that the company that it opened itself up to a small controversy over the use of smartphones to market upcoming products -- a plan it first denied, then admitted to. However, the recent decline has caused Nintendo to look toward a different future as it looks to opening up new business strategies.
Discussions could lead to $99 billion acquisition of European carrier
[Updated with AT&T comment] AT&T could be looking towards a purchase of Vodafone in the future, with reports that the company is talking to European regulators over a potential acquisition in the region of ¬£60 billion ($99 billion). AT&T CEO and chairman Randall Stephenson is said to have met with EU Telecoms Commissioner Neelie Kroes at the World Economic Forum, with a possible acquisition of the UK carrier reportedly discussed.
Company studies Twitter tweets to determine trends, ad effectiveness, more
Apple has confirmed to the Wall Street Journal that it has purchased social media analysis firm Topsy Labs for over $200 million, though the final price was not disclosed. The company declined to elaborate on why it acquired Topsy, which is mainly known for its analysis of Twitter's output of both tweets and user data -- but its ability to target ads to iTunes Radio and mobile users, find "influencers" or use Twitter's data on music tastes to help shape iTunes Radio stations are all among the possibilities.
Transfer of Nokia division to Microsoft expected to complete in early 2014
Shareholders at Nokia have approved the sale of the company's Devices and Services arm to Microsoft. Those eligible to vote overwhelmingly accepted the deal, with 99.7 percent agreeing to take the 5.44 billion euro ($7.35 billion) deal, and removes one more hurdle in Microsoft's quest to own part of Nokia's hardware business.
Number of blog transfers to Wordpress spikes after Board approval
Yahoo has confirmed it has bought Tumblr, in a deal noted yesterday to be in the region of $1.1 billion. The search company has already moved its company blog over to the blogging platform, and despite CEO Marissa Mayer saying "We promise not to screw it up," there is reportedly a large jump in the number of users moving from Tumblr to Wordpress.
Statement states companies in advanced approval stages
Japanese carrier SoftBank is expecting to complete its acquisition of Sprint by July, despite a sudden roadblock in the form of alternate offers to Sprint. A statement from Softbank providing a date for completion comes in the wake of Sprint receiving a second bid from Dish Network to merge, valued at $25.5 billion.
'We just met, and this is crazy, but here's a number, call us maybe?'
A new published account of how Apple acquired both the technology and employees of music startup Lala and failed social network Color sheds insight into the deal-making style of Apple executives, at least while Steve Jobs was CEO. Aubrey Johnson, a former designer at Color, recounts the rise of Lala and the struggles of Color and how Apple eventually paid "pennies on the dollar" to acquire the Color talent that had walked away from the Lala deal. The blog post sheds some light on the workings of small acquisitions and backroom dealings.
Verizon and Time Warner start on new partnership
Verizonís controversial $3.6 billion acquisition of AWS spectrum licenses from cable companies initiated late last year has now borne fruit with its wireless services now being offered
with Time Warner Cable bundles. When the deal was first announced, it was intended that Verizon would partner with the cable companies to help expand their services. Time Warner explains in its FAQ that the new bundle now offers customers the opportunity to also enjoy content wirelessly on mobile devices as well.
AT&T undertakes leadership shakeup
Following its failed attempt to acquire T-Mobile, AT&T has begun a reorganization of its leadership, according to Reuters. The changes have seen experienced, longs-serving AT&T executives promoted. 27-year veteran John Stankey has been put in charge of strategy, while Forrest Miller, the current head of corporate strategy and mergers and acquisitions is retiring after 30 years. The company also said that 32-year company man Andy Geisse will head up the business segment, and and John Donovan will take over duties leading the AT&Tís technology and network operations.
Purchase changed fortunes of Mac maker
December 20th marked the 15th anniversary of the day Apple announced a buyout of NeXT, the startup technology firm founded by Steve Jobs that eventually provided both the technology and the executive team that formed the basis of Mac OS X, the operating system that set the company on a new path. The $429 million paid for NeXT was until recently Apple's largest-ever acquisition, but the investment has stood the test of time.
Search giant paid 30 percent over first bid
Google reportedly bid against itself during the negotiations that led to the company's Motorola Mobility acquisition. A proxy statement posted by the SEC sheds light on details surrounding the deal, which could have been made for $30 per share if Motorola and its advisory firm, Qatalyst Group, had not pushed Google to make secondary offers that consequently brought the purchase price up to $40 per share.
AT&T meets with tech firms for T-Mobile deal
AT&T is said to be sweet talking tech firms on its planned acquisition of T-Mobile. Insiders report that its executives have met with the top Silicon Valley companies and venture-capital firms. The discussions, which were cordial, form a critical component of AT&Tís proposed $39 billion take-over of T-Mobile. Their support, or at the very least lack of objection, will help it convince the Department of Justice and the FCC to green light the deal.
MetriGear produces cycling power sensors
Garmin has announced its acquisition of MetriGear, a Silicon Valley-based startup that has focused on technology for bicyclists. The purchase is expected to help Garmin expand its fitness division, which currently offers a variety of Edge-series GPS systems that combine GPS tools with cycle computer functionality.
Dialogue described as an "interrogation"
Naan Studio, the software developer behind Echofon Twitter apps, has detailed its experience dealing with the FTC over Google's acquisition of AdMob. In a company blog, staff member Chika suggests the FTC pressured her to criticize the deal despite Naan's overall support for the acquisition. The dialogue was described as more of an "interrogation," while the FTC reportedly dismissed the company's larger concern over Apple's rival deal with Quattro Wireless.
Buy could help company compete with Skype
Google on Thursday officially confirmed its acquisition of the VoIP company Gizmo5. Unnamed sources leaked the information earlier this week, including the alleged $30 million price tag. The startup initially had been eyed by Skype, however the deal never materialized.
Apple wants PAs technology
Apple's recent acquisition of PA Semiconductor appears to revolve around the latter company's intellectual properties and expertise, not its current products as was initially believed. AppleInsider reveals that Apple is more concerned with PA's technologies and engineers, since the semiconductor manufacturer has in the past created a dual-core 64-bit chip which only uses 15 watts of power to operate. This could allow for integration of low-consumption processors like the Intel Atom.
Sling's long-awaited Sling Catcher is suffering from a delay that will most likely push its release to late 2008. The delay was discovered by Engadget reader "Christopher", who was a prospective customer of Sling's, noting that the vice president of sales Gregg Wilkes sent him an email informing him that the device was not up to the company's high standards. Wilkes also cited that the company's recent acquisition by EchoStar has caused for some complications.
64-bit data acquisition
VVI has updated its data acquisition and strip chart application, DAQ Plot to version 10.5.1. Te new release adds 64-bit capabilities, making it the first 64-bit capable app of its kind available for Mac OS X. The app is traditionally used in medical device, pharmaceutics and other important health and engineering projects. The new release also uses the latest hardware-accelerated graphics techniques to deliver data acquisition is real-time and up to 50,000 samples per second.
Yahoo sued by shareholders
Microsoft's attempted acquisition of Yahoo! has gotten a bit more contentious. Bloomberg reports that a group of Yahoo shareholders have jointly filed a lawsuit against the search company for rejecting the $45 billion offer from Microsoft. Michigan's Wayne County Employees' Retirement System, which owns a relatively small 13,000 block of shares of Yahoo claims in the suit that the company failed to enter into substantial negotiations with Microsoft. "The board of directors is continually evaluating all of its strategic options. Our board believes the Microsoft proposal substantially undervalues Yahoo," Yahoo spokesperson Diana Wong told Bloomberg.