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BlackBerry Samsung Acquisition Denial Jump to Main content Search Account Menu icon A vertical stack of three evenly spaced horizontal lines. Search icon A magnifying glass. It indicates, "Click to perform a search". Insider logo The word "Insider". 0 Newsletters Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. Log in Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. Subscribe Business Tech Finance Markets Strategy Retail Advertising Healthcare Premium Life Entertainment Culture Travel Food Health Parenting Beauty Style News Politics Military & Defense Sports Opinion Reviews Tech Streaming Home Kitchen Style Beauty Gifts Deals Pets Parenting Coupons Health Learning Hobbies & Crafts Travel All A-Z Advertising Business Careers Coupons DoorDash Walmart Dell Staples Under Armour Culture Design Entertainment Executive Lifestyle Finance Food Health Healthcare Intelligence Latest Life Markets Insider Media Military & Defense News Opinion People Personal Finance Banking Credit Cards Insurance Investing Loans Mortgages Politics Premium Retail Reviews Science Sports Strategy Tech Transportation Travel TV Beauty Explorers Best in Town Bonkers Closets Festival Foodies Movies Insider Pop Culture Decoded The Making Of The Ultimate List Featured Talent Insider About About Advertise Careers Code of Ethics Contact Us Corporate Corrections Policy Follow RSS Sitemap Facebook Twitter Instagram YouTube LinkedIn Subscriptions Intelligence Premium US Markets Loading... H M S In the news Close icon Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification. Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. HOMEPAGE 0 Newsletters Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. Log in Subscribe Home Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. Tech BlackBerry Denies Samsung Is Trying To Buy It, And Now The Stock Is Tanking Steve Kovach 2015-01-14T22:37:00Z Save Article Icon A bookmark Facebook Icon The letter F. Email icon An envelope. It indicates the ability to send an email. Share icon An curved arrow pointing right. Twitter icon A stylized bird with an open mouth, tweeting. Twitter LinkedIn icon The word "in". LinkedIn Fliboard icon A stylized letter F. Flipboard Facebook Icon The letter F. Facebook Email icon An envelope. It indicates the ability to send an email. Email Link icon An image of a chain link. It symobilizes a website link url. Copy Link Read in app Redeem now REUTERS/Dado Ruvic BlackBerry denies that Samsung is trying to buy it, following an earlier report from Reuters that said Samsung was willing to pay as much as $7.5 billion for the company. The Reuters report sent BlackBerry shares skyrocketing almost 30% at the end of trading Wednesday.BlackBerry shares began correcting themselves following the announcement. They were down about 15% in after-hours trading.Here's the statement from BlackBerry:BlackBerry Limited is aware of certain press reports published today with respect to a possible offer by Samsung to purchase BlackBerry. BlackBerry has not engaged in discussions with Samsung with respect to any possible offer to purchase BlackBerry. BlackBerry's policy is not to comment on rumors or speculation, and accordingly it does not intend to comment further. The statement from BlackBerry leaves very little wiggle room. It sounds like the Reuters report was completely wrong.The Reuters report said Samsung wanted to buy BlackBerry for its patent portfolio. But the price seemed suspect. BlackBerry's patents were last valued at $2 to $3 billion. The alleged $7.5 billion figure would've been quite the premium.NOW WATCH: This Video Of The Largest Breakage Of Ice From A Glacier Ever Filmed Is Absolutely FrighteningPlease enable Javascript to watch this video  Sign up for notifications from Insider! Stay up to date with what you want to know. Subscribe to push notifications Read next Newsletter Sign up for our newsletter for the latest tech news and scoops — delivered daily to your inbox. Loading Something is loading. Thanks for signing up! 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Why Facebook Should Acquire Snowballing Video-Chat App Zoom Menu icon A vertical stack of three evenly spaced horizontal lines. Search icon A magnifying glass. It indicates, "Click to perform a search". Insider logo The word "Insider". 0 Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. Log in Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. Subscribe Subscribe Business The word Business Life The word Life News The word News Reviews The word Reviews Search icon A magnifying glass. It indicates, "Click to perform a search". Insider logo The word "Insider". Close icon Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification. 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It often indicates a user profile. Log in Subscribe Subscribe Newsletters World globe An icon of the world globe, indicating different international options." US Edition US INTL Asia Deutschland & Österreich Australia España France India Japan México Netherlands Polska South Africa Get the Insider App Click here to learn more A leading-edge research firm focused on digital transformation. See our Research Facebook Icon The letter F. Twitter icon A stylized bird with an open mouth, tweeting. LinkedIn icon The word "in". YouTube icon A play button in the shape of a television screen. Instagram icon A stylized camera. * Copyright © 2021. All rights reserved. Registration on or use of this site constitutes acceptance of our Terms of Service ,  Privacy Policy and Cookies Policy. Sitemap Disclaimer Accessibility Commerce Policy CA Privacy Rights Coupons Made in NYC Jobs Stock quotes by finanzen.net Reprints & Permissions Insider logo The word "Insider". Close icon Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification. Good Subscriber Account active since Shortcuts Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. Profile Newsletters FAQs Subscription Log out US Markets Loading... H M S In the news Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. HOMEPAGE Subscribe Subscribe Premium Home Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. Tech Zoom is skyrocketing, but now it's feeling the strain. The solution? Facebook should buy it. Rob Price 2020-04-11T12:05:00Z Facebook Icon The letter F. Email icon An envelope. It indicates the ability to send an email. Twitter icon A stylized bird with an open mouth, tweeting. Twitter LinkedIn icon The word "in". LinkedIn Fliboard icon A stylized letter F. Flipboard Link icon An image of a chain link. It symobilizes a website link url. Copy Link Facebook Chairman and CEO Mark Zuckerberg testifies at a House Financial Services Committee hearing in Washington, U.S., October 23, 2019. REUTERS/Erin Scott This story is available exclusively to Insider subscribers. Become an Insider and start reading now. Resolved: Facebook should buy group video-chat app Zoom.Zoom has gone meteoric due to COVID-19, but now it's struggling under the strain of growth and security scares.Facebook has almost two-decades' experience of growing social platforms and weathering thorny scandals.An acquisition would boost Facebook's consumer-facing products while also providing new benefits to Zoom users.It would also help grow Workplace, Facebook's business-focused product.But there are some major challenges that would need to be overcome.Click here to get BI Prime's weekly 'Trending' tech newsletter in your email inbox. Zoom never predicted any of this.Once just a firmly corporate-focused video chat app, the service has gone gangbusters in recent months — boosted by unprecedented demand sparked by the pandemic, and the resulting human lockdowns across the globe. In the space of four months, it has soared from 10 million users to 200 million, hosting quiz nights, karaoke, virtual happy hours, and a million other unanticipated uses.As CEO Eric Yuan wrote in an open letter to users at the beginning of April, "our platform was built primarily for enterprise customers – large institutions with full IT support ... we did not design the product with the foresight that, in a matter of weeks, every person in the world would suddenly be working, studying, and socializing from home."It has risen to the challenge, but the strain is clear. It's facing numerous security scares, and organizations from Google to NASA have banned workers from using it, sending the company into damage control. But an unconventional solution presents itself. Zoom should consider allowing itself to be acquired by another company that is experienced in growing services rapidly, well-versed in the social web, and no stranger to weathering controversy: Facebook.Hear me out.First, there's the question of cost. As of this writing, Zoom's market cap is around $34.7 billion. There'd be a significant premium on that for any buyout, but it's still eminently doable for Facebook, which had $54.9 billion in cash on hand as of the end of 2019, and a market cap of almost $500 billion. (Facebook's also not afraid of splashing the cash: It spent almost $22 billion to acquire WhatsApp in 2014.) But what's the upside of absorbing Zoom?Well, it makes total sense for Facebook.Acquiring Zoom would help it stay on top of how people are interacting online today, giving it direct ownership of what is suddenly the hottest new social networking app on the planet. Facebook could funnel these users back into its other services, while enriching Zoom with its sophisticated augmented reality filters, video-chat games, and other features that fall outside of Zoom's traditional expertise. Similarly, buying Zoom would give Facebook its excellent underlying video-conferencing technologies, which the merged companies could then implement elsewhere. Zoom would also provide Facebook with an extraordinary boost to Workplace, its work platform targeted at businesses. Every corporate Zoom subscriber could be given access to new tools, growing Facebook's userbase and in turn (theoretically) enriching the business users' experience. And the acquisition would help further build out Facebook's enterprise sales team, lessening the company's still-overwhelming reliance on advertising revenue, a model that has been shaken by the pandemic.There's also a clear benefit to Zoom. For years, growth has been Facebook's north star. While Zoom has held up extraordinarily well over the last few months' growth, all things considered, Facebook's experience in growing services to the point of billions of users is almost unparalleled. The much larger company could share invaluable lessons with Zoom. Facebook has also learned the extremely hard way about the underbelly of the internet — from hacking and data misuse to failures of content moderation — and it could help Zoom avoid the same mistakes.It's not a perfect match, of course.Facebook, like other big tech firms, is already facing increased antitrust scrutiny — and snapping up a $30 billion company would only intensify this. Facebook might decide the potential fight isn't worth its time right now, especially as it focuses on coronavirus-related initiatives and manages existing projects like its ambitious "pivot to privacy."But the fact that Zoom isn't a traditional social networking firm means its purchase would set off fewer alarm bells than if Facebook were to buy another consumer app like Snapchat. Facebook is nowhere close to dominant in the enterprise software space where Zoom originated. And Facebook would still face weightier competitors in that space, such as Cisco and Google.There are also redundancies with what Facebook is already building, and the company might view that duplication as outweighing the value Zoom could bring to the company. Also, Facebook has been battling scandals for years, from Cambridge Analytica to its role spreading hate speech that fueled genocide in Myanmar. It might simply decide that it doesn't want to unleash any self-inflicted demons right now.If Facebook decides it's up to the challenge, though, it would be one of the most audacious tech deals of the decade — and one that could propel both firms to new heights.Do you work at Facebook or Zoom? Contact this reporter via encrypted messaging app Signal (+1 650-636-6268), encrypted email (robaeprice@protonmail.com), standard email (rprice@businessinsider.com), Telegram/Wickr/WeChat (robaeprice), or Twitter DM (@robaeprice). Use a non-work device to reach out. We can keep sources anonymous. PR pitches by standard email only, please. Loading Something is loading. Sign up for notifications from Insider! Stay up to date with what you want to know. Subscribe to push notifications Was this article valuable for you? Yes No Additional comments Email (optional) Receive a selection of our best stories daily based on your reading preferences. Submit Deal icon An icon in the shape of a lightning bolt. For you NOW WATCH: What it's like to get coronavirus in New York City, from diagnosis to treatment and recovery More: Facebook Zoom coronavirus Deal icon An icon in the shape of a lightning bolt. For you Follow us on: * Copyright © 2021 Insider Inc. All rights reserved. Registration on or use of this site constitutes acceptance of our Terms of Service ,  Privacy Policy and Cookies Policy . Contact Us Sitemap Disclaimer Accessibility Commerce Policy CA Privacy Rights Coupons Made in NYC Jobs Stock quotes by finanzen.net Reprints & Permissions International Editions: United States US International INTL Asia AS Deutschland & Österreich AT Australia AUS Deutschland DE España ES France FR India IN Japan JP México MX Netherlands NL Polska PL South Africa ZA

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Stress Tests Raise Doubts About JPM's Acquisition Of WaMu - Business Insider Finance BI Intelligence Events Trending Tech Finance Politics Strategy Life Sports Video All × From To You have successfully emailed the post. Stress Tests Raise Doubts About JPM's Acquisition Of WaMu Joe Weisenthal May 10, 2009, 7:17 AM 5,525 22 facebook linkedin twitter email print You have to give credit to John Hempton, who continues to hammer away at Sheila Bair's seizure of Wamu and the giveaway to JPMorgan (JPM). Hempdon (who did lose money in the move) is convinced that the whole thing was a sham, purposely done to bail out JPMorgan at the expense of WaMu shareholders, and that it was the cardinal error of the government's handling of the crisis last fall. For what it's worth, this idea hasn't gotten much traction, except with angry Wamu shareholders. Now Hempton's got another interesting nugget in his arsenal following the release of the stress tests. He notes that when WaMu was sold to JPMorgan, it was expected that in an extreme scenario, there were $54 billion more in losses coming from the end of 2007. At that point, an "extreme" scenario was unemployment around 8%. The losses were entirely from WaMu's mortgage portfolio. Now the bank lost $8 billion in 2008, leaving potentially $46 billion more in losses. Again, probably more if the 8% unemployment was considered extreme at the time of the seizure. But, in the stress test that was just revealed, JPM's own mortgage portfolio -- which now should include all the WaMu losses -- only includes $39 billion in remaining mortgage losses, and these are when the stress tests are looking much worse. This leaves two possibilities. One is that the stress tests are a sham and are dramatically underestimating the losses, in which case JPM, the rest of the banks and the regulators who oversaw the whole process are participating in a sham. Or, the original seizure was purposely based on faulty assumptions, causing WaMu shareholders to get ripped off. More: Wall Street Banks Financial Crisis FDIC JP Morgan facebook linkedin twitter email print Recommended For You Comments Comments on this post are now closed. Insiders 0 All Comments 22 Apply To Be An "Insider" » Loading Stress Tests Raise Doubts About JPM's Acquisition Of WaMu Stress Tests Raise Doubts About JPM's Acquisition Of WaMu Why are JPMorgan's stress test losses so much less than the WaMu was expected to incur when it was seized? Recommended For You Featured Neil deGrasse Tyson and Al Gore on the future of our planet — and everything else More "Innovators" » My husband and I are business partners who just had our first child — here's how we make it work More "What Matters" » Get Finance Emails & Alerts Sign-Up Learn More » Finance Select Business Insider Select More Featured Business Insider Select Tech Select Tech Chart Of The Day Markets Chart Of The Day 10 Things Before the Opening Bell Instant MBA Business Insider Events BI Intelligence Daily Finance Finance Select Markets Select Monday Scouting Report Your Money Select Financial Advisor Insights Smart Investor CFO Insider Finance Insider Wealth Advisor Select Strategy Strategy Select Advertising Select Retail Select Careers Select 10 Things You Need To Know In Advertising Politics Politics Select Military Select Life Life Select Transportation Select Education Select Entertainment Select Breaking News Tech Enterprise Select Science Select Mobile Chart Of The Day E-Commerce Chart Of The Day Payments Chart Of The Day Digital Media Chart Of The Day IoT Chart of the Day Fintech Briefing Charts of the Day Sports Chart Of The Day Top 10 Things 10 Things In Tech You Need To Know Closing Bell Sports Sports Latest Research Our 25 Top Tech Predictions The Payments Ecosystem Report The Fintech Ecosystem Report The Internet of Things Report Read Business Insider On The Go Available for iPhone, iPad, and Android Find A Job Tech Jobs C-Level Jobs Media Jobs Design Jobs Finance Jobs Sales Jobs See All Jobs » Thanks to our partners * Copyright © 2016 Business Insider Inc. All rights reserved. Registration on or use of this site constitutes acceptance of our Terms of Service and Privacy Policy. Disclaimer Commerce Policy Stock quotes by finanzen.net Made in NYC International Editions: UKDEAUSIDINMYSG

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Microsoft paid at least $270 million for Metaswitch - Business Insider Business Insider logo The words "Business Insider". Close icon Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification. Loading Something is loading. Loading... Menu icon A vertical stack of three evenly spaced horizontal lines. Search icon A magnifying glass. It indicates, "Click to perform a search". Business Insider logo The words "Business Insider". Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. BI Prime Intelligence Log in Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. Subscribe Subscribe Business The word Business Life The word Life News The word News Search icon A magnifying glass. It indicates, "Click to perform a search". Insider logo The word "Insider". Close icon Two crossed lines that form an 'X'. 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It often indicates a user profile. Log in Subscribe Subscribe Newsletters World globe An icon of the world globe, indicating different international options." US Edition US INTL Australia Deutschland & Österreich España France India Italia Japan México Nederland Nordic Polska South Africa A leading-edge research firm focused on digital transformation. See our Research Facebook Icon The letter F. Twitter icon A stylized bird with an open mouth, tweeting. LinkedIn icon The word "in". YouTube icon A play button in the shape of a television screen. Instagram icon A stylized camera. * Copyright © 2021. All rights reserved. Registration on or use of this site constitutes acceptance of our Terms of Service ,  Privacy Policy and Cookies Policy. Sitemap Disclaimer Commerce Policy CA Privacy Rights Coupons Made in NYC Jobs Stock quotes by finanzen.net Reprints & Permissions Business Insider logo The words "Business Insider". Close icon Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification. Good Subscriber Account active since Edit my Account Free subscriber-exclusive audiobook! “No Rules Rules: Netflix and the Culture of Reinvention” Get it now on Libro.fm using the button below. Redeem your free audiobook Premium Articles Upgrade Membership Email Preferences My Subscription FAQs Logout DOW S&P 500 NASDAQ 100 Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. HOMEPAGE Subscribe Subscribe Premium Home Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. Enterprise Microsoft paid at least $270 million in stock for telecom software company Metaswitch Networks, filing shows Ashley Stewart 2020-07-28T19:12:47Z Facebook Icon The letter F. Email icon An envelope. It indicates the ability to send an email. Link icon An image of a chain link. It symobilizes a website link url. Twitter icon A stylized bird with an open mouth, tweeting. LinkedIn icon The word "in". Fliboard icon A stylized letter F. More icon Three evenly spaced dots forming an ellipsis: "...". Close icon Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification. Microsoft CEO Satya Nadella speaks during a device-launching event ahead of the Mobile World Congress in Barcelona. REUTERS/Sergio Perez This story is available exclusively to Business Insider subscribers. Become an Insider and start reading now. Microsoft paid at least $270 million in stock to acquire Metaswitch Networks, a London-based company that provides software for telecommunications companies.The company in a recent filing disclosed it paid the stock as a "portion" of the transaction price, but declined to disclose additional financial terms in response to a Business Insider inquiry.The acquisition comes just months after Microsoft likely paid more than $1 billion for 5G software company Affirmed Networks.Microsoft is competing with rival Amazon Web Services to establish dominance in the lucrative telecom sector, which is seen as a ripe market for cloud computing services amid the transition to 5G.Are you a Microsoft employee? Contact this reporter via encrypted messaging app Signal (+1-425-344-8242) or email (astewart@businessinsider.com).Visit Business Insider's homepage for more stories. Microsoft paid at least $270 million in stock to acquire cloud-based communications software company Metaswitch Networks, according to a recent filing — showing the company's strategy to compete with cloud rival Amazon Web Services by luring telecom customers as they build out their 5G networks.Microsoft disclosed the company paid $270,255,106 in stock as part of the deal to buy Metaswitch, which provides software for telecommunications companies. It's unclear if, or how much, cash was involved. Microsoft declined to comment on financial terms of the deal, which closed July 14.Microsoft's Metaswitch acquisition came just a few months after the company acquired 5G software company Affirmed Networks. Microsoft didn't disclose the acquisition price, but Bloomberg reported the company paid $1.35 billion, citing unnamed sources. An Affirm Networks investor also tweeted the deal was a "unicorn" acquisition, seeming to imply it was valued at more than $1 billion, as CNBC noted.Futurum Research analyst Ron Westfall, according to research notes in recent months, views the acquisitions as a strategy to compete in cloud computing with AWS, which he has said has a "vast foothold in the telecom sector."The Affirmed Networks acquisition will help Microsoft "boost its Azure competitive arsenal in order to better target the operator space," while both acquisitions together are "a clear signal to the entire 5G ecosystem that it is doubling down on its Azure cloud platform to drive more 5G-[Internet of Things] and networking edge computing services."Westfall told Business Insider $270 million seems like a "reasonable amount" for Microsoft to pay for Metaswitch. "I don't think Microsoft really needed to sweeten the deal beyond that," he said.Microsoft has a new approach to tailor its products and services to specific industries. For example, the company in May introduced its first industry-specific cloud, for health care customers, and recent notable hires suggest other industries could come next.5G could also be key to Microsoft's strategy around so-called "edge computing." Edge computing basically means processing data on the devices themselves, instead of offsite in the cloud. Microsoft CEO Satya Nadella has said the company designed its entire cloud business around this concept of an ever-expanding set of connected devices that process data locally and work in tandem with the cloud. Are you a Microsoft employee? Contact this reporter via email at astewart@businessinsider.com, message her on Twitter @ashannstew, or send her a secure message through Signal at 425-344-8242. Was this article valuable for you? Valuable Not valuable Additional comments Receive a selection of our best stories daily based on your reading preferences. Submit Newsletter Start your day with a morning cheat sheet. Sign up for 10 Things in Tech You Need To Know. Loading Something is loading. Email address By clicking ‘Sign up’, you agree to receive marketing emails from Business Insider as well as other partner offers and accept our Terms of Service and Privacy Policy. NOW WATCH: More: Microsoft acquisitions and mergers 5G Telecom Enterprise Software Cloud Computing Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. Follow us on: Also check out: * Copyright © 2021 Insider Inc. All rights reserved. Registration on or use of this site constitutes acceptance of our Terms of Service ,  Privacy Policy and Cookies Policy . 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VMware Employees Worry About Layoffs and Culture Clash Under Broadcom Menu icon A vertical stack of three evenly spaced horizontal lines. Search icon A magnifying glass. It indicates, "Click to perform a search". Insider logo The word "Insider". 0 Newsletters Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. Log in Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. Subscribe Business The word Business Life The word Life News The word News Reviews The word Reviews Business Tech Finance Markets Strategy Retail Advertising Healthcare Intelligence Life Entertainment Culture Travel Food Health Parenting Beauty Style News Politics Military & Defense Sports Opinion Reviews Tech Streaming Home Kitchen Style Beauty Gifts Deals Pets Parenting Coupons Health Learning Hobbies & Crafts Travel All A-Z Advertising Business Careers Coupons DoorDash Walmart Dell Staples Under Armour Culture Design Entertainment Executive Lifestyle Finance Food Health Healthcare Intelligence Latest Life Markets Insider Media Military & Defense News Opinion People Personal Finance Banking Credit Cards Insurance Investing Loans Mortgages Politics Premium Retail Reviews Science Sports Strategy Tech Transportation Travel TV Beauty Explorers Best in Town Bonkers Closets Festival Foodies Movies Insider Pop Culture Decoded The Making Of The Ultimate List Featured Better Capitalism Cities Connected Insider TV Master Your Money Next Stop Sustainable Finance Transforming Business About About Advertise Careers Contact Us Corporate Corrections Policy Follow RSS Sitemap Facebook Twitter Instagram YouTube LinkedIn Subscriptions Intelligence Premium US Markets Loading... H M S In the news Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. HOMEPAGE 0 Newsletters Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. Log in Subscribe Premium Home Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. Enterprise VMware employees say their work is 'semi-meaningless' right now with the threat that new owner Broadcom is likely to cut jobs and product lines Rosalie Chan and Belle Lin 2022-06-10T18:42:45Z Save Article Icon A bookmark Facebook Icon The letter F. Email icon An envelope. It indicates the ability to send an email. Share icon An curved arrow pointing right. Twitter icon A stylized bird with an open mouth, tweeting. Twitter LinkedIn icon The word "in". LinkedIn Fliboard icon A stylized letter F. Flipboard Facebook Icon The letter F. Facebook Email icon An envelope. It indicates the ability to send an email. Email Link icon An image of a chain link. It symobilizes a website link url. Copy Link Download the app Raghu Raghuram, the CEO of VMware. Harry Murphy/Sportsfile for Web Summit via Getty Images This story is available exclusively to Insider subscribers. Become an Insider and start reading now. Redeem now As VMware prepares for a takeover by Broadcom, employees say they're uncertain about their future. Employees told Insider they were most worried about layoffs since Broadcom would likely cut costs. They were also concerned about losing remote work benefits and VMware's focus on DEI efforts. Employees at the software giant VMware are facing a number of uncertainties following the news that the chipmaker Broadcom plans to acquire it for $61 billion.No sooner had the deal been announced than the specter of layoffs began to loom over VMware, which had some 33,000 employees at the end of 2020. Under the leadership of CEO Hock E. Tan, Broadcom has earned itself a reputation for buying up lots of companies — and then aggressively cutting costs. It appears that it may follow the same playbook at VMware: In late May, Broadcom leadership said at a town-hall meeting that under its watch, VMware would become "lean and flat," an employee present at the meeting said. And in an investor presentation, Broadcom said it would be "eliminating duplicative general and administrative functions" at VMware to increase profitability.Insider spoke with four VMware employees about the deal, who agreed that the uncertainty around layoffs fed into a larger sense of doom and gloom at the company. While some VMware employees are taking a more optimistic "wait and see" attitude, the company insiders said, some are already scrambling to find new jobs where things are a little more stable. Many want to get started on the job hunt early, as layoffs and hiring freezes in the industry have exacerbated employee concerns about making the jump to another company.Employees worry that under Broadcom, VMware will lose much of what they believe makes it special — specifically, a culture that values innovation, diversity, and flexible working styles above a stone-cold focus on profits. In a more practical sense, too, it won't be clear until the deal closes how Broadcom plans to trim or reorganize VMware's product lines. "From now until then, it almost makes work semi-meaningless or difficult because we don't know if our product will continue after six months," one VMware employee said.VMware said in a statement that it was "too early to make assumptions about the outcome of the unsolicited acquisition proposal by Broadcom.""Following the closing of the transaction, Broadcom Software Group will operate and rebrand as VMware, incorporating Broadcom's existing infrastructure and security software solutions as part of the VMware portfolio," the statement continued. "Combining our assets and talented team with Broadcom's existing enterprise software portfolio, all housed under the VMware brand, will create a remarkable enterprise software player, with a continued focus on technology innovation."A culture clash may be brewingSome employees said the takeover bid from Broadcom was shocking, especially since VMware spun off from Dell only last year. The software giant in Palo Alto has had a tumultuous few years, with former CEO Pat Gelsinger departing for Intel amid other executive changes. "The internal dialogue was that we were going to go back to our former glory as an independent company," one employee said. Tan, the Broadcom CEO, has tried to assuage some of those concerns, pushing the idea that the two companies will be stronger together."In terms of how our values align, we appreciate that VMware's culture is built on execution, passion, integrity, customers and community. We too share values like these. At Broadcom we prioritize accountability — to our customers, our partners, our shareholders and each other," Tan wrote in a letter to employees earlier this month.Some employees, at least, aren't so sure, citing perceived differences between VMware's more flexible corporate culture and Broadcom's more buttoned-up approach to business."We're concerned about a culture clash between their company and ours," an employee said. "I know VMware is very employee-centric, which is why a lot of people work there."For instance, employees said that while most VMware staff could work from home, Broadcom leadership had indicated that it generally wanted employees working in person. Working from home "gives you a lot of freedom and flexibility to do your job and care for the family," one employee said. "That's extremely important to me. It doesn't line up with Broadcom's way of operating."And for VMware employees, the company's focus on diversity, equity, and inclusion has been a point of pride. Broadcom doesn't seem to share those values, one employee said. Some intend to present demands to Broadcom leadership, pushing them to retain key elements of VMware's commitments to diversity, equity, and inclusion, remote work, and its well-liked health-benefit plan."They only care about shareholder value, and they're not going to continue the programs that VMware employees are used to, the things we value," the employee said of Broadcom. A Broadcom spokesperson said that last year the company launched Diversity@Broadcom, an initiative to promote DEI across its workforce.Amid all of this, the company's leadership is urging employees to be patient and see what happens — a message that's resonated with at least some employees, who want to see what happens before they decide to make a move."I think the general approach from management is, 'There's a lot we don't know. Stand by. Don't freak out. We've got a long road ahead,'" that employee said.The full statement from VMware:"It is too early to make assumptions about the outcome of the unsolicited acquisition proposal by Broadcom. While change can be difficult, we view this transaction as an opportunity to accelerate our multi-cloud strategy. Following the closing of the transaction, Broadcom Software Group will operate and rebrand as VMware, incorporating Broadcom's existing infrastructure and security software solutions as part of the VMware portfolio. Combining our assets and talented team with Broadcom's existing enterprise software portfolio, all housed under the VMware brand, will create a remarkable enterprise software player, with a continued focus on technology innovation. Collectively, we will deliver even more innovation to customers, enabling them to thrive in this increasingly complex multi-cloud era." Got a tip? Contact reporter Rosalie Chan via email at rmchan@insider.com, Signal at 646.376.6106, or Telegram at @rosaliechan. Contact reporter Belle Lin via encrypted email (bellelin@protonmail.com) or corporate email (blin@insider.com).  Sign up for notifications from Insider! Stay up to date with what you want to know. Subscribe to push notifications Deal icon An icon in the shape of a lightning bolt. Keep reading Was this article valuable for you? Yes No Additional comments Email (optional) Receive a selection of our best stories daily based on your reading preferences. Submit NOW WATCH: More: VMware Broadcom m&a 2022 Enterprise Software Cloud Computing Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. Deal icon An icon in the shape of a lightning bolt. 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Magnite Lays Off 58 Roles After SpotX Acquisition Closes Menu icon A vertical stack of three evenly spaced horizontal lines. Search icon A magnifying glass. It indicates, "Click to perform a search". Insider logo The word "Insider". 0 Newsletters Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. Log in Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. Subscribe Subscribe Business The word Business Life The word Life News The word News Reviews The word Reviews Business Tech Finance Markets Strategy Retail Advertising Healthcare Intelligence Life Entertainment Culture Travel Food Health Parenting Beauty Style News Politics Military & Defense Sports Opinion Reviews Tech Streaming Home Kitchen Style Beauty Gifts Deals Pets Parenting Coupons Health Learning Hobbies & Crafts Travel All A-Z Advertising Business Careers Coupons DoorDash Walmart Dell Staples Under Armour Culture Design Entertainment Executive Lifestyle Finance Food Health Healthcare Intelligence Latest Life Markets Insider Media Military & Defense News Opinion People Personal Finance Banking Credit Cards Insurance Investing Loans Mortgages Politics Premium Retail Reviews Science Sports Strategy Tech Transportation Travel TV Beauty Explorers Best in Town Bonkers Closets Festival Foodies Movies Insider Pop Culture Decoded The Making Of The Ultimate List Featured Better Capitalism Cities Connected Insider TV Master Your Money Next Stop Sustainable Finance Transforming Business About About Advertise Careers Contact Us Corporate Corrections Policy Follow RSS Sitemap Facebook Twitter Instagram YouTube LinkedIn Subscriptions Intelligence Premium US Markets Loading... H M S In the news Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. HOMEPAGE 0 Newsletters Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. Log in Subscribe Subscribe Premium Home Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. Advertising Digital advertising firm Magnite is laying off 6% of employees following its $1 billion SpotX acquisition Lauren Johnson 2021-06-24T17:31:43Z Save Article Icon A bookmark Facebook Icon The letter F. Email icon An envelope. It indicates the ability to send an email. Share icon An curved arrow pointing right. Twitter icon A stylized bird with an open mouth, tweeting. Twitter LinkedIn icon The word "in". LinkedIn Fliboard icon A stylized letter F. Flipboard Link icon An image of a chain link. It symobilizes a website link url. Copy Link Download the app Magnite CEO Michael Barrett Magnite This story is available exclusively to Insider subscribers. Become an Insider and start reading now. Adtech firm Magnite announced layoffs Thursday affecting 60 people, equivalent to 6% of employees. Magnite said it expected to make $35 million in cost-savings after its SpotX acquisition closed. Adtech stocks, including Magnite's, have been on a tear this year. Adtech firm Magnite is laying off 60 employees, equivalent to about 6% of its headcount, two months after acquiring rival SpotX  in a deal worth $1 billion.Staffers learned about the layoffs today, according to a person with direct knowledge with the matter, who said the reductions stem from Magnite's purchase of SpotX, which closed in April.Magnite employs around 974 people including those at SpotX, and the cuts affect both companies, said the person with knowledge of the matter. Magnite also eliminated 45 open roles across both companies, according to a document circulated within Magnite that Insider has viewed.A Magnite spokesperson confirmed the company is reducing its headcount by approximately 60 people, resulting from the SpotX acquisition."The Magnite team has grown by over 70% through the acquisition," the spokesperson said in a statement. "We are in rapid growth mode and continue to be bullish about our prospects."Magnite said in February, when it first announced the SpotX deal, that it expected to make $35 million in cost-savings, with more than half of those occurring within the first year of the transaction closing. Magnite CEO Michael Barrett said at the time these would likely fall in areas including facilities, software licenses, real estate and some headcount reduction, though he emphasized the focus was on growth versus reducing costs. Magnite sells technology that publishers use to sell programmatic ads on websites and apps. The company acquired SpotX from European broadcaster RTL Group as part of its efforts to make a bigger push into the fast-growing connected-TV advertising space.Several top execs from SpotX are also moving into new roles at Magnite in new roles starting in July. Former SpotX chief operating officer Sean Buckley will become chief revenue officer of Magnite's CTV business.  Chief technology officer J. Allen Dove is taking the same role at Magnite. Meanwhile, longtime Magnite CTO Tom Kershaw is leaving the company and former SpotX CEO Mike Shehan has moved to a consultant role, through to the end of the year.Magnite — previously known Rubicon Project — laid off 8% of its employees in May last year following its acquisition of video adtech specialist Telaria and as the adtech sector felt the pinch in the early throes of the COVID-19 pandemic. Magnite had previously said the Telaria merger would bring down the combined company's cost by between $15 million to $20 million. Magnite is one of the largest public adtech firms and has been among the sector's stocks marking a resurgence in recent months, having benefited from covid-accelerated trends such as the shift to digital content consumption and e-commerce. A number of other adtech firms including PubMatic, Viant, and DoubleVerify have also gone public this year hoping to capitalize on similar growth.Shares in adtech companies including Magnite, The Trade Desk, Criteo, and PubMatic were trading sharply upwards on Thursday following the news that Google intends to delay its plan to kill off ad-tracking tracking cookies in its Chrome browser by more than a year to 2023. Sign up for notifications from Insider! Stay up to date with what you want to know. Subscribe to push notifications Deal icon An icon in the shape of a lightning bolt. Keep reading Was this article valuable for you? Yes No Additional comments Email (optional) Receive a selection of our best stories daily based on your reading preferences. Submit NOW WATCH: Customers expect CEOs to take action against climate change now more than ever, Unilever executive says More: Ad Tech Magnite PubMatic Michael Barrett Telaria SpotX RTL Layoffs Digital Advertising Programmatic Advertising Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. Deal icon An icon in the shape of a lightning bolt. For you Follow us on: * Copyright © 2022 Insider Inc. All rights reserved. Registration on or use of this site constitutes acceptance of our Terms of Service ,  Privacy Policy and Cookies Policy . 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WhatsApp Is 2nd-Biggest Tech Acquisition Ever - Business Insider Tech BI Intelligence Events Trending Tech Finance Politics Strategy Life Sports Video All × From To You have successfully emailed the post. × WhatsApp Is The 2nd-Biggest Tech Acquisition Of All Time Jim Edwards Feb. 20, 2014, 11:57 AM 12,219 6 facebook linkedin twitter email print BII Facebook's $19 billion acquisition of WhatsApp is the second-biggest tech acquisition of all time, and the biggest single venture-capital-backed acquisition of all time. Business Insider Intelligence put together this inflation-adjust ranking of major tech acquisitions. One obvious point is that Facebook is no longer playing in the leagues of social media startups that went public. It's now a big part of the tech establishment with pockets deep enough to beat venerable brand names like Microsoft, HP and Google. SEE ALSO: Why Facebook Had No Choice But To Pay $19 Billion For WhatsApp More: Facebook WhatsApp facebook linkedin twitter email print × Recommended For You Powered by Sailthru Comments Comments on this post are now closed. Insiders 0 All Comments 6 Apply To Be An "Insider" » Loading WhatsApp Is The 2nd-Biggest Tech Acquisition Of All Time WhatsApp Is The 2nd-Biggest Tech Acquisition Of All Time Facebook is no longer playing in the leagues of social media startups that went public. It's now a big part of the tech establishment with pockets deep enough to beat venerable brand names like Microsoft, HP and Google. Recommended For You Featured These high-tech classes are the coolest thing happening in schools today More "Future Now" » Neil deGrasse Tyson and Al Gore on the future of our planet — and everything else More "Innovators" » Get Tech Emails & Alerts Sign-Up Learn More » Tech Select Tech Chart Of The Day Business Insider Select 10 Things In Tech You Need To Know Mobile Insights BII Mobile Insights More Featured Business Insider Select Tech Select Tech Chart Of The Day Markets Chart Of The Day 10 Things Before the Opening Bell Instant MBA Business Insider Events BI Intelligence Daily Finance Finance Select Markets Select Monday Scouting Report Your Money Select Financial Advisor Insights Smart Investor CFO Insider Finance Insider Wealth Advisor Select Strategy Strategy Select Advertising Select Retail Select Careers Select 10 Things You Need To Know In Advertising Politics Politics Select Military Select Life Life Select Transportation Select Education Select Entertainment Select Breaking News Tech Enterprise Select Science Select Mobile Chart Of The Day E-Commerce Chart Of The Day Payments Chart Of The Day Digital Media Chart Of The Day IoT Chart of the Day Fintech Briefing Charts of the Day Sports Chart Of The Day Top 10 Things 10 Things In Tech You Need To Know Closing Bell Sports Sports Latest Research Our 25 Top Tech Predictions The Payments Ecosystem Report The Fintech Ecosystem Report The Internet of Things Report Read Business Insider On The Go Available for iPhone, iPad, and Android Find A Job Tech Jobs C-Level Jobs Media Jobs Design Jobs Finance Jobs Sales Jobs See All Jobs » Thanks to our partners * Copyright © 2016 Business Insider Inc. All rights reserved. Registration on or use of this site constitutes acceptance of our Terms of Service and Privacy Policy. Disclaimer Commerce Policy Made in NYC Stock quotes by finanzen.net International Editions: UKDEAUSIDINMYSGPLSE

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REPORT: Redskins Have Acquired Second Pick In Draft From Rams - Business Insider Sports BI Intelligence Events Trending Tech Finance Politics Strategy Life Sports Video All × From To You have successfully emailed the post. REPORT: Redskins Have Acquired Second Pick In Draft And Opportunity To Pick Robert Griffin III Cork Gaines Mar. 9, 2012, 10:33 PM 914 4 facebook linkedin twitter email print Sarah Glenn/Getty ImagesAccording to Jay Glazer, the Washington Redskins have agreed to a deal with the St. Louis Rams that would ultimately land Robert Griffin III in the nation's capital (via Twitter). According to the report, the Rams will receive the Redskins first pick this year (#6 overall), two future first-round picks, as well as "additional picks." The assumption is that the Redskins will use the second pick in the draft on this year's Heisman Trophy winner, Griffin III. This trade comes just one day after it was reported that Peyton Manning had already eliminated the Redskins from his list of potential teams. More: NFL Sports Washington Redskins Robert Griffin III Baylor facebook linkedin twitter email print Recommended For You Comments Comments on this post are now closed. Insiders 0 All Comments 4 Apply To Be An "Insider" » Loading REPORT: Redskins Have Acquired Second Pick In Draft And Opportunity To Pick Robert Griffin III REPORT: Redskins Have Acquired Second Pick In Draft And Opportunity To Pick Robert Griffin III The Skins will get Griffin. Recommended For You Featured Neil deGrasse Tyson and Al Gore on the future of our planet — and everything else More "Innovators" » My husband and I are business partners who just had our first child — here's how we make it work More "What Matters" » Get Sports Emails & Alerts Sign-Up Learn More » Sports Select Sports Chart Of The Day Business Insider Select More Featured Business Insider Select Tech Select Tech Chart Of The Day Markets Chart Of The Day 10 Things Before the Opening Bell Instant MBA Business Insider Events BI Intelligence Daily Finance Finance Select Markets Select Monday Scouting Report Your Money Select Financial Advisor Insights Smart Investor CFO Insider Finance Insider Wealth Advisor Select Strategy Strategy Select Advertising Select Retail Select Careers Select 10 Things You Need To Know In Advertising Politics Politics Select Military Select Life Life Select Transportation Select Education Select Entertainment Select Breaking News Tech Enterprise Select Science Select Mobile Chart Of The Day E-Commerce Chart Of The Day Payments Chart Of The Day Digital Media Chart Of The Day IoT Chart of the Day Fintech Briefing Charts of the Day Sports Chart Of The Day Top 10 Things 10 Things In Tech You Need To Know Closing Bell Sports Sports Latest Research Our 25 Top Tech Predictions The Payments Ecosystem Report The Fintech Ecosystem Report The Internet of Things Report Read Business Insider On The Go Available for iPhone, iPad, and Android Find A Job Tech Jobs C-Level Jobs Media Jobs Design Jobs Finance Jobs Sales Jobs See All Jobs » Thanks to our partners * Copyright © 2016 Business Insider Inc. All rights reserved. Registration on or use of this site constitutes acceptance of our Terms of Service and Privacy Policy. Disclaimer Commerce Policy Stock quotes by finanzen.net Made in NYC International Editions: UKDEAUSIDINMYSG

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Aurora Cannabis Acquires Whistler Medical Marijuana in $132 Million Deal Menu icon A vertical stack of three evenly spaced horizontal lines. Search icon A magnifying glass. It indicates, "Click to perform a search". Insider logo The word "Insider". 0 Newsletters Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. Log in Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. 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HOMEPAGE 0 Newsletters Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. Log in Subscribe Premium Home Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. Finance We talked to an executive at Aurora Cannabis about why it's buying an organic-medical-marijuana company in the latest pot M&A tie-up Jeremy Berke 2019-01-14T20:05:00Z Save Article Icon A bookmark Facebook Icon The letter F. Email icon An envelope. It indicates the ability to send an email. Share icon An curved arrow pointing right. Twitter icon A stylized bird with an open mouth, tweeting. Twitter LinkedIn icon The word "in". LinkedIn Fliboard icon A stylized letter F. Flipboard Facebook Icon The letter F. Facebook Email icon An envelope. It indicates the ability to send an email. Email Link icon An image of a chain link. It symobilizes a website link url. Copy Link Download the app Aurora Cannabis intends to acquire Whistler Medical Marijuana. AP Photo/Richard Drew This story is available exclusively to Insider subscribers. Become an Insider and start reading now. Redeem now Aurora Cannabis on Monday announced its intention to acquire the organic-marijuana producer Whistler Medical Marijuana.The all-stock deal is valued at up to $132 million ($175 million Canadian).Analysts say the deal gives Aurora a leg up on branding power, as advertising is heavily restricted in the Canadian marijuana industry.Aurora Cannabis on Monday said it's acquiring Whistler Medical Marijuana, an organic cultivator in Whistler, British Columbia, in an all-stock deal worth up to $132 million ($175 million Canadian).The deal follows a string of high-profile acquisitions Aurora made in building out its domestic and international footprint last year, including the takeover of publicly traded MedReleaf in a $2.3 billion stock deal. It's also the latest deal in what has already been a hot few weeks for mergers and acquisitions in the cannabis industry."Whistler's brand is golden," Cam Battley, Aurora's chief corporate officer, said in a Monday interview with Business Insider.Organic-certified marijuana is a "distinct market segment that delivers higher margins," Battley said. "Their products command a significant price premium in stores."Read more: Marijuana M&A is already hot in 2019, with a pot tech-vape tie-up worth $210 millionWhistler is "one of the last pieces of the puzzle" for Aurora to be a fully integrated cannabis company, Battley said, adding that Aurora expects to make "fewer significant acquisitions" for the domestic marijuana market.Aurora hopes to be the first major cannabis player to sell organic, Canadian-grown marijuana in international markets like Germany, Battley said.Capitalizing on 'brand appeal'Analysts said the Whistler deal gives Aurora a leg up on branding power in an industry where advertising is heavily restricted.Aurora hopes to capitalize on Whistler's "brand appeal" — Whistler is a world-famous ski town and vacation destination — and expand its footprint into Western Canada, the company said. And British Columbia has long been famous for the quality of its marijuana."Due to the nascent stage of the industry, we believe Whistler provides Aurora with one of only a few established brands in Canada (albeit a modest one) in an industry that imposes strict regulations on branding/advertising," Matt Bottomley, an analyst at the investment bank Canaccord Genuity, said in a Monday note to clients.Whistler, founded in 2013, is one of Canada's original 10 licensed marijuana cultivators. The company operates two indoor marijuana cultivation facilities in British Columbia, including one under construction in Pemberton. Once running up to full capacity, Whistler expects to have a combined production capacity of 5,000 kilograms a year, and the company holds agreements to sell medical cannabis to the Cayman Islands and Australia.Read more: One of the largest publicly traded marijuana companies says the Farm Bill provides a 'pathway' for entering the lucrative US marketAurora's stock was up about 2.5% at midday on Monday after hitting a high of $6.77 a share.Whistler has a suite of organic-certified derivative products, including high-THC and CBD oils, which Aurora says would expand its product offerings."This transaction adds an iconic, organic certified BC-based brand with exceptional traction and a significant price premium in both the medical and retail markets," Aurora CEO Terry Booth said in a press release.Stoic Advisory, a boutique investment bank, acted as an adviser on the deal, and Canadian law firm McMillan acted as legal counsel to Aurora.In an interesting wrinkle to the deal, Cronos Group, another publicly traded marijuana cultivator and a rival to Aurora, owns a 21.5% equity stake of Whistler. Altria, the tobacco maker behind Marlboro, invested $1.8 billion into a 45% equity stake of Cronos Group late last year.Entering the US marketIn terms of what's next for Aurora, Battley said the firm is "all over the Farm Bill.""We'll be unveiling our strategy to enter the US market over the next few months," Battley said. The Farm Bill, signed into law by President Donald Trump last year, legalized hemp nationwide.Canopy Growth, a publicly traded Canadian marijuana cultivator and one of Aurora's competitors, on Monday unveiled a plan to produce hemp in New York state.Hemp is a source of CBD, or cannabidiol, a nonpsychoactive component of marijuana that's become a popular ingredient in many food and beverage products.This story has been updated with comments from Cam Battley, chief corporate officer at Aurora Cannabis.Sign up here for our weekly newsletter Wall Street Insider, a behind-the-scenes look at the stories dominating banking, business, and big deals.Read more:Marijuana could be the biggest growth opportunity for struggling beverage-makers as millennials ditch beer for potMeet the bigshot lawyers who are turning weed into a $194 billion industryA weed-tech startup backed by an early Juul investor and Canopy Growth just raised $12 millionMarijuana companies are using a 'backdoor' strategy to tap the public markets — and it's fueling an M&A boom Sign up for notifications from Insider! Stay up to date with what you want to know. Subscribe to push notifications Deal icon An icon in the shape of a lightning bolt. Keep reading Was this article valuable for you? Yes No Additional comments Email (optional) Receive a selection of our best stories daily based on your reading preferences. Submit NOW WATCH: Why you can legally get high in the country's first cannabis café Aurora Cannabis Marijuana Cannabis More... Deal icon An icon in the shape of a lightning bolt. For you Follow us on: * Copyright © 2022 Insider Inc. All rights reserved. Registration on or use of this site constitutes acceptance of our Terms of Service ,  Privacy Policy and Cookies Policy . 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WhatsApp, Facebook's $22 Billion Acquisition, Did $10.2 Million In Revenue Last Year - Business Insider Tech BI Intelligence Events Trending Tech Finance Politics Strategy Life Sports Video All × From To You have successfully emailed the post. × WhatsApp, Facebook's $22 Billion Acquisition, Did $10.2 Million In Revenue Last Year Jay Yarow Oct. 28, 2014, 4:46 PM 13,999 18 facebook linkedin twitter email print Facebook just disclosed the financial performance of WhatsApp, the messaging app it acquired in a deal that was ultimately valued at $22 billion. The numbers are unimpressive. Revenue was $10.2 million 2013. It had a net loss of $138 million in 2013. The bulk of that loss, or $98.8 million, came from stock based expenses. It burned $9.9 million in cash for operating activities in 2013. These numbers are irrelevant, so there's no reason to freak out about it. Facebook didn't buy the company for its revenue. WhatsApp had only started to monetize its user base. Facebook bought WhatsApp for its 600 million active users. Facebook has a not-so-crazy belief that an application on its way to a billion users can develop into a business worth more than $22 billion in the long run. Here are the numbers, anyway. Revenue: Screenshot/Facebook Statement of cash flowScreenshot/Facebook How Facebook valued the company. Lots of goodwill.Screenshot/Facebook More: Facebook WhatsApp facebook linkedin twitter email print Recommended For You Comments Comments on this post are now closed. Insiders 4 All Comments 18 Apply To Be An "Insider" » Loading WhatsApp, Facebook's $22 Billion Acquisition, Did $10.2 Million In Revenue Last Year WhatsApp, Facebook's $22 Billion Acquisition, Did $10.2 Million In Revenue Last Year Facebook just disclosed the financial... Recommended For You Featured These high-tech classes are the coolest thing happening in schools today More "Future Now" » Neil deGrasse Tyson and Al Gore on the future of our planet — and everything else More "Innovators" » Get Tech Emails & Alerts Sign-Up Learn More » Tech Select Tech Chart Of The Day Business Insider Select 10 Things In Tech You Need To Know Mobile Insights BII Mobile Insights More Featured Business Insider Select Tech Select Tech Chart Of The Day Markets Chart Of The Day 10 Things Before the Opening Bell Instant MBA Business Insider Events BI Intelligence Daily Finance Finance Select Markets Select Monday Scouting Report Your Money Select Financial Advisor Insights Smart Investor CFO Insider Finance Insider Wealth Advisor Select Strategy Strategy Select Advertising Select Retail Select Careers Select 10 Things You Need To Know In Advertising Politics Politics Select Military Select Life Life Select Transportation Select Education Select Entertainment Select Breaking News Tech Enterprise Select Science Select Mobile Chart Of The Day E-Commerce Chart Of The Day Payments Chart Of The Day Digital Media Chart Of The Day IoT Chart of the Day Fintech Briefing Charts of the Day Sports Chart Of The Day Top 10 Things 10 Things In Tech You Need To Know Closing Bell Sports Sports Latest Research Our 25 Top Tech Predictions The Payments Ecosystem Report The Fintech Ecosystem Report The Internet of Things Report Read Business Insider On The Go Available for iPhone, iPad, and Android Find A Job Tech Jobs C-Level Jobs Media Jobs Design Jobs Finance Jobs Sales Jobs See All Jobs » Thanks to our partners * Copyright © 2016 Business Insider Inc. All rights reserved. Registration on or use of this site constitutes acceptance of our Terms of Service and Privacy Policy. Disclaimer Commerce Policy Made in NYC Stock quotes by finanzen.net International Editions: UKDEAUSIDINMYSGPLSE

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Twitter Acquires Twitpic Domain and Photo Archive Menu icon A vertical stack of three evenly spaced horizontal lines. Search icon A magnifying glass. It indicates, "Click to perform a search". Insider logo The word "Insider". 0 Newsletters Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. Log in Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. 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H M S In the news Close icon Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification. Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. HOMEPAGE 0 Newsletters Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. Log in Subscribe Subscribe Home Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. Tech Twitter Acquires Photo-Sharing Website Twitpic's Domain And Photo Archive Steven Tweedie 2014-10-25T20:31:51Z Save Article Icon A bookmark Facebook Icon The letter F. Email icon An envelope. It indicates the ability to send an email. Share icon An curved arrow pointing right. Twitter icon A stylized bird with an open mouth, tweeting. Twitter LinkedIn icon The word "in". LinkedIn Fliboard icon A stylized letter F. Flipboard Link icon An image of a chain link. It symobilizes a website link url. Copy Link Download the app eldh / Flickr, CC It looks like the Twitpic saga is finally coming to an end. Photo-sharing service Twitpic announced today an agreement had been reached with Twitter which will give Twitter ownership of the Twitpic domain and its expansive photo archives.Twitpic founder Noah Everett announced the news in a company blog post.We weren't able to find a way to keep Twitpic independent. However, I'm happy to announce that we have reached an agreement with Twitter to give them the Twitpic domain and photo archive, thus keeping the photos and links alive for the time being. Twitter shares our goal of protecting our users and this data. Also, since Twitpic’s user base consists of Twitter users, it makes sense to keep this data with Twitter. TwitPic Founder Noah Everett While the Twitpic iOS and Android app have been removed from the App Store and Google Play, Twitpic's photo archives and links will continue to stay alive.The Twitpic archive will be read-only, however, and while Twitpic users can still easily download their photo collections, they will be unable to upload new pictures. The announcement of Twitter's acquisition of the Twitpic domain and photo archive follows what has been a chaotic two months for Twitpic.Last month, Twitpic announced it would be shutting down due to a trademark despite with Twitter regarding the name "Twitpic." Weeks later, Twitpic announced it had been acquired and would continue its service, but the acquisition talks fell through, leading to Twitpic to backtrack and announce its impending closure shortly after.Twitpic founder Noah Everett used today's announcement as a final farewell, stating in his blog post that "I want to say thank you for allowing me to be a part of your photo sharing memories for nearly seven years. It has been an honor." Sign up for notifications from Insider! Stay up to date with what you want to know. Subscribe to push notifications Deal icon An icon in the shape of a lightning bolt. Keep reading Newsletter Get the latest tech news & scoops — delivered daily to your inbox. Loading Something is loading. 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Google's M&A Boss: With Larry Page In Charge, Only A Third Of Our Acquisitions Are Busts - Business Insider Tech BI Intelligence Events Trending Tech Finance Politics Strategy Life Sports Video All × From To You have successfully emailed the post. Google's M&A Boss: With Larry Page In Charge, Only A Third Of Our Acquisitions Are Busts Matt Lynley Mar. 6, 2012, 10:16 AM 2,063 3 facebook linkedin twitter email print David Lawee is Google's top M&A guy. See Also Google is finally smashing Android and Chrome together and it’s awesome A Google programmer drew a cartoon that perfectly encapsulates its confusing product names How one of Google's ambitious new projects is 'breaking' app creators' worlds — in a good way Google's David Lawee, vice president of corporate development and chief M&A boss, said around two-thirds of Google's recent acquisitions have been successful, according to Xconomy's Wade Roush. Google still has a pretty good track record compared to the industry standard, which is a success rate of around one-third to one-half, Xconomy reports. That's partially due to the care of Larry Page, who took over as CEO of Google last year and reorganized the company under several flagship products. Now acquisitions have to mesh with those products if they're going to be brought in successfully, Lawee told Xconomy. Each of Google's product areas now has its own hiring targets, and Google does fewer manquisitions — only hiring teams if they fit into a distinct product area, Xconomy reports. Here's the money quote: Around 2006, Lawee says, Google founders Larry Page and Sergey Brin started to feel that the company had built or accumulated too many separate products. Users were having trouble keeping them all straight. “Sergey spread this mantra internally that he wanted more features, less products,” says Lawee. Google considers an acquisition a failure when it doesn't incorporate its technology into a Google product or if the company "sunsets" the product. If the team leaves, it's also considered a failure, Lawee said according to Xconomy. Dodgeball, Dennis Crowley's first company acquired by Google before he started Foursquare, is an example of Google's failed manquisition strategy before the Page re-org. Lawee told Xconomy Crowley was "way ahead of us in terms of his vision." ...Before the reorganization, Google’s acquisitions sometimes went south out of pure carelessness, or lack of forethought. Dodgeball, Dennis Crowley’s New York-based mobile social network, was the archetypal case. “There was a misalignment. He didn’t get the resources he needed. In that case, it was a very small acquisition, and we weren’t as thoughtful about it." Page's special care could be part of the reason as to why Google has yet to acquire a new company in 2012 more than two months in, according to AllThingsD. Google bought 79 companies in 2011, according to that report. More: Larry Page Google Android Maps facebook linkedin twitter email print Recommended For You Comments Comments on this post are now closed. Insiders 0 All Comments 3 Apply To Be An "Insider" » Loading Google's M&A Boss: With Larry Page In Charge, Only A Third Of Our Acquisitions Are Busts Google's M&A Boss: With Larry Page In Charge, Only A Third Of Our Acquisitions Are Busts The Larry Page Effect. 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M&A

Oracle CEO Larry Ellison On Sun Buy - Business Insider Enterprise BI Intelligence Events Trending Tech Finance Politics Strategy Life Sports Video All Continue to Business Insider » You will be redirected in seconds. × From To You have successfully emailed the post. Oracle CEO Larry Ellison Says Sun Is The 'Most Profitable' Acquisition He Ever Made Julie Bort Dec. 18, 2012, 5:20 PM 4,941 4 facebook linkedin twitter email print APLarry Ellison See Also People are using Airbnb for hookups around the world — and the company isn't happy about it 'The Walking Dead' just foreshadowed one of the biggest scenes from the comic Here's what Russia will be up against if it decides to mess with Turkey Oracle CEO Larry Ellison repeated his promise that the company's hardware business will stop shrinking and start growing within six months. The company reported results for the second quarter of its 2013 fiscal year Tuesday. Revenues for the hardware business were down 23% to $734 million, compared to $953 million for the year-ago period. That's all part of the plan. "Sun has proven to be one of the most strategic and profitable acquisitions we have ever made,” Ellison said. “Sun technology enabled Oracle to become a leader in the highly profitable engineered system segment of the hardware business. I believe that products like Exadata and the SPARC SuperCluster will not only continue to drive improved profitability in our hardware business, by the end of this fiscal year, they will also drive growth in our hardware business.” He's been making this same promise for months. Until earlier this year, Sun was considered to be a failed acquisition. But Ellison says shrinking revenues are because he's getting rid of Sun's low-margin, commodity x86 server and storage products. Employees inside the company tell Business Insider that those selling commodity systems have been targeted for layoffs—which makes business sense if Oracle doesn't want to be in that business anymore. Instead, Ellison is looking to sell high-margin "engineered systems" designed to run specific Oracle software products. These are known as the Exa line of hardware products and include Exadata, Exalogic, and Exalytics servers. It also includes the Sparc SuperCluster, a high-end, general-purpose system for running databases and apps. Prior to Oracle's purchase of Sun, the "Exa" line were built using Oracle's designs, with help from HP, then a partner, analysts say. By acquiring Sun and bringing the Exa line in house, Oracle alienated HP. Given the state of HP these days, maybe it was sheer brilliance on Ellison's part to go it alone with engineered systems. But first, he's got to make the hardware business grow as promised. 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M&A

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It indicates a way to close an interaction, or dismiss a notification. Good Subscriber Account active since Edit my Account Free subscriber-exclusive audiobook! “No Rules Rules: Netflix and the Culture of Reinvention” Get it now on Libro.fm using the button below. Redeem your free audiobook Premium Articles Upgrade Membership Email Preferences My Subscription FAQs Logout DOW S&P 500 NASDAQ 100 Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. HOMEPAGE Subscribe Subscribe Premium Home Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. Tech There is a 40% chance Apple will acquire Netflix, according to Citi Jim Edwards 2018-01-01T08:47:44Z Facebook Icon The letter F. Email icon An envelope. It indicates the ability to send an email. Link icon An image of a chain link. It symobilizes a website link url. Twitter icon A stylized bird with an open mouth, tweeting. LinkedIn icon The word "in". Fliboard icon A stylized letter F. More icon Three evenly spaced dots forming an ellipsis: "...". Close icon Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification. Apple CEO Tim Cook and Netflix CEO Reed Hastings. Getty / BI illustration This story is available exclusively to Business Insider subscribers. Become an Insider and start reading now. Citi analysts say that there is a 40% likelihood of Apple acquiring Netflix.Apple will be able to repatriate about $220 billion in cash to the US under the Trump tax cut.The company would need only one-third of that to snap up Netflix.There is a 40% likelihood that Apple will acquire Netflix now that US President Trump's corporate tax cut has been passed, according to Citi analysts Jim Suva and Asiya Merchant. The cut in corporate taxes, along with a one-time allowance for companies to repatriate cash stored overseas without a major tax hit, will give Apple a much larger cash warchest to buy new companies. Apple has about $252 billion in cash, much of it in foreign jurisdictions, which previously it was unable to bring back to the US.Suva and Merchant ranked potential Apple M&A targets in a note to clients sent in December. They mark Netflix as the company Apple would be most likely to buyThe note was written before Disney's acquisition of Fox's studio and TV assets. But prior to that event, Citi gave an Apple-Disney tie-up a 20-30% chance.Apple has for years struggled to offer a compelling TV or movie offering. iTunes has been a huge hit for the company, but viewers have migrated increasingly to services like Netflix, Amazon or Hulu to watch their favourite shows.Apple has recently dipped a toe into content creation: Jennifer Aniston and Reese Witherspoon will be in Apple's first scripted video series. But making hit movies is a very different skill-set from making the iPhones they are viewed on, so there is some logic to the idea that Apple might want to own Netflix in the future."The firm has too much cash – nearly $250 billion – growing at $50 billion a year. This is a good problem to have," Suva and Merchant told clients. "Historically, Apple has avoided repatriating cash to the US to avoid high taxation. As such, tax reform may allow Apple to put this cash to use. With over 90% of its cash sitting overseas, a one-time 10% repatriation tax would give Apple $220 billion for M&A or buybacks."Apple would need only a third of that cash to buy Netflix, the pair say. Disclosure: Mathias Döpfner, CEO of Business Insider's parent company, Axel Springer, is a Netflix board member. Was this article valuable for you? Valuable Not valuable Additional comments Receive a selection of our best stories daily based on your reading preferences. Submit Newsletter Your morning cheat sheet to get you caught up on what you need to know in tech. Sign up to 10 Things in Tech You Need to Know Today. Loading Something is loading. Email address By clicking ‘Sign up’, you agree to receive marketing emails from Business Insider as well as other partner offers and accept our Terms of Service and Privacy Policy. 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Talent Acquisitions - Insider Menu icon A vertical stack of three evenly spaced horizontal lines. Search icon A magnifying glass. It indicates, "Click to perform a search". Insider logo The word "Insider". 0 Newsletters Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. Log in Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. 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It indicates a way to close an interaction, or dismiss a notification. Premium Tech 2022-08-11T16:36:12Z 5 tips for getting a high-paying job at IBM, according to the VP of talent acquisition "If you land an offer, you can expect a competitive salary," says Jennifer Carpenter, who looks for candidates who are willing to relearn old skills. Premium Careers 2022-08-09T15:18:20Z I recruit new grads at Meta. Here's what I look for when vetting job candidates. Janelle Henry says tech companies look for recent-grad hires who can explain technical terms well and have some fun with their application. Premium Tech 2022-07-26T14:04:59Z I'm a recruiter at crypto unicorn Ledger. Here's what I look for in job candidates. Geraldine Hounsou, Ledger's global talent-acquisition director, says the crypto startup gets around 2,500 job applications a month. 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BHP Billiton Enters US Shale Gas Business With Acquisition of Fayetteville Interests Jump to Main content Search Account Menu icon A vertical stack of three evenly spaced horizontal lines. Search icon A magnifying glass. It indicates, "Click to perform a search". Insider logo The word "Insider". 0 Newsletters Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. Log in Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. 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H M S In the news Close icon Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification. Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. HOMEPAGE 0 Newsletters Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. Log in Subscribe Home Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. Markets Contributors BHP Billiton enters US shale gas business with acquisition of Fayetteville interests Stockopedia 2011-02-22T10:41:09Z Save Article Icon A bookmark Facebook Icon The letter F. Email icon An envelope. It indicates the ability to send an email. Share icon An curved arrow pointing right. Twitter icon A stylized bird with an open mouth, tweeting. Twitter LinkedIn icon The word "in". LinkedIn Fliboard icon A stylized letter F. Flipboard Facebook Icon The letter F. Facebook Email icon An envelope. It indicates the ability to send an email. Email Link icon An image of a chain link. It symobilizes a website link url. Copy Link Read in app Redeem now Natural resources giant BHP Billiton (LON:BLT) has agreed a deal to buy Chesapeake Energy Corp’s interests in the Fayetteville Shale, US, including the midstream pipeline system, for US$4.75bn. BHP said the acquisition was consistent with its strategy of investing in large, long-life, low cost assets with significant volume growth from future development. The group said the move also supported its goal of diversification by geography, customer and product – marking BHP’s entry into the US shale gas business with the second largest position in one of the largest gas fields in the world. The BHP Billiton share priced edged down slightly during the morning to 2,363p.BHP Billiton will become the operator of Chesapeake’s operated interests in the field, covering approximately 487,000 acres of leasehold and producing natural gas properties located in Arkansas, US. The acquisition will increase BHP’s net reserve and resource base by 45%. The assets currently produce over 400 million cubic feet of gas per day and include development options that will support substantially higher production over a 40 year operating life. BHP and Chesapeake have also agreed a 12 month services agreement to ensure the safe transfer of operations to BHP.BHP said it expected to fund the acquisition from its own cash resources. The assets acquired generate strong margins and returns on capital at today’s prices. Depending on regulatory approvals, BHP expects to close in the first half of 2011.J. Michael Yeager, the chief executive of BHP Billiton Petroleum, said: “The Fayetteville Shale is a world-class onshore natural gas resource. The operated position we are obtaining will immediately make BHP Billiton a major North American shale gas producer. It provides access to a competitive, long-life resource basin that benefits from our ability to invest through the economic cycles. Longer term, the expertise we gain here will be usable elsewhere as we continue to grow our business.” Stockopedia Sign up for notifications from Insider! Stay up to date with what you want to know. Subscribe to push notifications Read next Newsletter Top editors give you the stories you want — delivered right to your inbox each weekday. Loading Something is loading. Thanks for signing up! 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Gopuff Is Acquiring UK Grocery Delivery App Dija Menu icon A vertical stack of three evenly spaced horizontal lines. Search icon A magnifying glass. It indicates, "Click to perform a search". Insider logo The word "Insider". 0 Newsletters Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. Log in Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. 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H M S In the news Close icon Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification. Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. HOMEPAGE 0 Newsletters Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. Log in Subscribe Subscribe Home Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. Tech Gopuff confirms it's buying 9-month-old superfast grocery delivery app Dija Shona Ghosh and Michael Cogley 2021-08-12T08:31:21Z Save Article Icon A bookmark Facebook Icon The letter F. Email icon An envelope. It indicates the ability to send an email. Share icon An curved arrow pointing right. Twitter icon A stylized bird with an open mouth, tweeting. Twitter LinkedIn icon The word "in". LinkedIn Fliboard icon A stylized letter F. Flipboard Link icon An image of a chain link. It symobilizes a website link url. Copy Link Download the app Dija cofounders Alberto Menolascina and Yusuf Saban. Dija Gopuff has confirmed it is buying UK grocery app Dija. Insider reported in June that Dija was in sale discussions with Gopuff and German rival Gorillas. This marks Gopuff's second UK acquisition after it bought Fancy in May. Listen to The Refresh: Insider's real-time news podcast. US grocery delivery firm Gopuff is buying up 9-month-old British grocery delivery app Dija, marking its second UK acquisition within a few months.Terms of the deal have not been disclosed. Insider's Callum Burroughs first reported in June that Dija was in talks with potential acquirers including Gopuff.The deal boosts Gopuff's presence in the UK, and gives it a route into Spain and France, where Dija expanded in April. Gopuff said it will operate across the three European countries with some 40 "dark stores" and 200 employees.Dija will continue to operate as a standalone brand for the time being. "For the last eight years, Gopuff has been the market and category leader in the United States," said Dija CEO Alberto Menolascina. "Together, combined with our team's extensive experience of building and scaling food and delivery companies across Europe, we are perfectly positioned to lead the everyday essentials space in Europe and beyond."The deal is indicative of a land grab in the superfast grocery delivery sector.Gopuff was founded in 2013, evolving from a hookah delivery service for college students into a major convenience store delivery operator. Consumers can order anything from snacks to alcohol via its app to their home, with deliveries fulfilled in microfulfilment centers, or dark stores, and shipped out by gig workers.The idea has exploded in Europe over the last 18 months, coinciding with pandemic stay-at-home orders. Dija was incorporated in November 2020 by former Deliveroo employees Alberto Menolascina and Yusuf Saban, with the aim of offering deliveries of convenience store items in as little as 10 minutes.At the time, Insider reported that the firm was in ultimately successful talks to raise $20 million from Blossom Capital, Creandum, and Deliveroo-backer Index Ventures before it even had an app or website.Dija launched its service in London in March 2021 and immediately faced competition from other fast-growing competitors such as Germany's Gorillas, Weezy, and the longer-established Getir. The explosive growth of the sector has also attracted the attention of large-scale delivery firms like US delivery giant DoorDash, which is in talks to invest in Gorillas.Around $14 billion has been invested into the delivery apps since the start of the pandemic, according to figures from Pitchbook. The rate of investment intensified in 2021 too with more being poured into the sector in the opening three months than the whole of last year. It's likely that further consolidation will follow in the sector, thanks to the huge amount of cash required by the various players to out-compete each other for customers, riders, and marketing.Nazim Salur, whose firm Getir is valued at $7.5 billion, told Insider in May: "[The] investment amounts early are quite high, much higher than other startups need. You need a lot of people, a lot of stores. A lot of customers, and you need them fast."And now, in selected cities, there's more than one or two players, so if you're a little slow, somebody else can win the market."If you're not doing the right things early, the investors that back you early may not be there for the following rounds." Sign up for notifications from Insider! Stay up to date with what you want to know. Subscribe to push notifications Deal icon An icon in the shape of a lightning bolt. Keep reading NOW WATCH: How FreshDirect delivers 100,000 grocery orders across NYC each week More: gopuff Dija Grocery delivery apps Close icon Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification. Recommended Video Follow us on: * Copyright © 2022 Insider Inc. All rights reserved. Registration on or use of this site constitutes acceptance of our Terms of Service ,  Privacy Policy and Cookies Policy . 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Tempur-Pedic Is Buying Sealy http://www.businessinsider.com/tempur-pedic-is-acquiring-sealy-2012-9 en-us Thu, 27 Sep 2012 07:39:00 -0400 Sat, 18 May 2013 20:31:13 -0400 Rob Wile http://www.businessinsider.com/c/5066253deab8ead40d000015 magic slim capsule Fri, 28 Sep 2012 18:31:25 -0400 http://www.businessinsider.com/c/5066253deab8ead40d000015 which lida daidaihua safe kind truly worked for my situation.

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How Workforce Tech Helps Employee Efficiency and Talent Acquisition Menu icon A vertical stack of three evenly spaced horizontal lines. Search icon A magnifying glass. It indicates, "Click to perform a search". Insider logo The word "Insider". 0 Newsletters Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. Log in Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. Subscribe Subscribe Business The word Business Life The word Life News The word News Reviews The word Reviews Business Tech Finance Markets Strategy Retail Advertising Healthcare Intelligence Life Entertainment Culture Travel Food Health Parenting Beauty Style News Politics Military & Defense Sports Opinion Reviews Tech Streaming Home Kitchen Style Beauty Gifts Deals Pets Parenting Coupons Health Learning Hobbies & Crafts Travel All A-Z Advertising Business Careers Coupons DoorDash Walmart Dell Staples Under Armour Culture Design Entertainment Executive Lifestyle Finance Food Health Healthcare Intelligence Latest Life Markets Insider Media Military & Defense News Opinion People Personal Finance Banking Credit Cards Insurance Investing Loans Mortgages Politics Premium Retail Reviews Science Sports Strategy Tech Transportation Travel TV Beauty Explorers Best in Town Bonkers Closets Festival Foodies Movies Insider Pop Culture Decoded The Making Of The Ultimate List Featured Better Capitalism Cities Connected Insider TV Master Your Money Next Stop Sustainable Finance Transforming Business About About Advertise Careers Contact Us Corporate Corrections Policy Follow RSS Sitemap Facebook Twitter Instagram YouTube LinkedIn Subscriptions Intelligence Premium US Markets Loading... H M S In the news Close icon Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification. Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. HOMEPAGE 0 Newsletters Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. Log in Subscribe Subscribe Home Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. Technology Allstate CHRO details why the insurance leader is betting big on workforce technology Sharon Goldman 2021-09-24T18:48:58Z Save Article Icon A bookmark Facebook Icon The letter F. Email icon An envelope. It indicates the ability to send an email. Share icon An curved arrow pointing right. Twitter icon A stylized bird with an open mouth, tweeting. Twitter LinkedIn icon The word "in". LinkedIn Fliboard icon A stylized letter F. Flipboard Link icon An image of a chain link. It symobilizes a website link url. Copy Link Download the app To boost efficiency and in-house capabilities, Allstate has introduced self-service and analytics tools for employees and managers. Allstate Insider Carrie Blair has been EVP and CHRO at Allstate since October 2019. Over the past year, Allstate has been focusing on innovative technology experiences for employees. Blair said she works with the CIO and CFO to prioritize tech investments based on measurable outcomes.  This article is part of the "Innovation C-Suite" series about business growth and technology shifts. Get a daily selection of our top stories based on your reading preferences. Loading Something is loading. Email address By clicking ‘Sign up’, you agree to receive marketing emails from Insider as well as other partner offers and accept our Terms of Service and Privacy Policy. For Carrie Blair, joining Allstate as the chief human resource officer in October 2019 was a no-brainer. After nearly 15 years in human resources positions at financial services companies, she was ready for a role at an iconic, purpose-driven, optimistic brand. "I can't think of anywhere I've traveled where someone hasn't said, 'Oh, they're the Good Hands people," Blair told Insider. But she was also energized by the idea that Allstate was clearly willing to disrupt and transform the insurance industry, both for consumers and employees. In general, she explained, insurance has fallen behind when it comes to technology innovation, but is catching up fast. Allstate, for example, now uses telematics to assess driving behavior; drones to survey catastrophes; and offers QuickFoto Claim to allow customers to assess car insurance claims for minor vehicle damage. For Allstate's employees, Blair's challenge has been how to prioritize and implement consumer-grade, innovative technology experiences for people inside the company, while still being aggressive with consumer offerings. A new approach to technology and HR"Recently, we've really started taking a look at our entire approach to technology and HR," she said. In the past, for example, the company might have bought tools for talent acquisition, or performance management, but they did not necessarily work well together or across the ecosystem. Now, Allstate's HR organization is working to deploy self-service tools for employees and managers for things that are frequently used or highly repetitive, Blair said, as well as analytics tools that offer them insights about their work patterns. "Every week I get a view that comes into my own personal inbox that tells me how I spent my time last week,  how long I was in meetings, how much time I spent collaborating and how much time I had for focused, head-down work," she explained. Another tool offers the organization a full view across the enterprise to understand how and where people are working, which helps inform decisions around real estate in a new, hybrid workplace. For example, the types of collaboration rooms they need and where they should be located. The company has also started using a digital workspace called MURAL. The platform offers a shared digital canvas for visual collaboration, as well as Zoom Rooms, which uses AI-driven face recognition technology to bring hybrid teams, including those together in person, into Zoom meetings. "It creates this level playing field, which stops the in-person group from simply talking to each other and brings remote workers fully into the meeting," she said. All of these tools, she explained, are about testing and learning in the HR space around the most recent technology trends , with a focus on investing in people. "Human capital is always the most important thing," she said. "After all, we don't really produce anything, we deliver services and solutions to customers that depend on people." Technology innovation accelerated by the pandemicThe focus on technology innovation targeting employees was accelerated by the pandemic, said Blair, who began her role at Allstate only six months after COVID-19 shutdowns began. "Our IT team had been investing in our technology stack for a number of years, so we were able to get 95% of our folks working from home within days, around the world," she said. While only 20% of Allstate's workforce worked from home pre-pandemic, she said that under a new hybrid workforce model, that number will permanently rise to over 70%. "We've seen huge increases in applications because of that," Blair said. "It's been a positive outcome that people don't have to be tethered to an office anymore, because we have seen a 30% rise in diverse candidates applying for opportunities, and we can go to markets we never would have been in before." That includes targeting hard-to-find technology talent in places like Miami where Allstate does not have a physical presence, she explained. Blair added that she has worked closely with other C-suite executives, such as the CIO and CFO, around technology innovation, particularly around changing the funding model for technology investments to make sure it focuses on outcomes rather than annual financial cycles. "It will allow us to iterate as we go and get learnings faster," she said. "It also will allow us to put our Allstate hat on and say, 'As we look across the system, what is the best thing for the company?'"  Sign up for notifications from Insider! Stay up to date with what you want to know. Subscribe to push notifications Deal icon An icon in the shape of a lightning bolt. Keep reading More: C-Suite Allstate BI Interview Technologies Technology Edit Series dell-broadreach Innovation Innovation C-Suite Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. Close icon Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification. Follow us on: * Copyright © 2022 Insider Inc. All rights reserved. Registration on or use of this site constitutes acceptance of our Terms of Service ,  Privacy Policy and Cookies Policy . Contact Us Sitemap Disclaimer Accessibility Commerce Policy Advertising Policies CA Privacy Rights Coupons Made in NYC Jobs Stock quotes by finanzen.net Reprints & Permissions International Editions: United States US International INTL Asia AS Deutschland & Österreich AT Deutschland DE España ES India IN Japan JP México MX Netherlands NL Polska PL South Africa ZA

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Analyst: Facebook Would 'Love' to Acquire Snapchat If Shares Dip to $14 Menu icon A vertical stack of three evenly spaced horizontal lines. Search icon A magnifying glass. It indicates, "Click to perform a search". Insider logo The word "Insider". 0 Newsletters Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. Log in Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. 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H M S In the news Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. HOMEPAGE 0 Newsletters Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. Log in Subscribe Subscribe Premium Home Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. Tech Facebook would 'love' to acquire Snap if shares drop to $14, says analyst Alex Heath 2017-03-09T17:32:56Z Save Article Icon A bookmark Facebook Icon The letter F. Email icon An envelope. It indicates the ability to send an email. Share icon An curved arrow pointing right. Twitter icon A stylized bird with an open mouth, tweeting. Twitter LinkedIn icon The word "in". LinkedIn Fliboard icon A stylized letter F. Flipboard Link icon An image of a chain link. It symobilizes a website link url. Copy Link Download the app This story is available exclusively to Insider subscribers. Become an Insider and start reading now. A 'Ghostface Chillah' Snapchat plushie sits next to monitors on the New York Stock Exchange floor. Getty Facebook would "love" to acquire Snap Inc. if shares dipped to $14, FBN Securities analyst Shebly Seyrafi said in a note to clients on Thursday."One of the key points that the bears on Snap may be missing is that we believe that Facebook would love to acquire the company, and could be willing to pay $20B+ ($14/share) for the asset," Seyrafi writes.Seyrafi reiterated in an email to Business Insider that his position is purely speculative and not based on inside sources, and warned in his note that cofounders Evan Spiegel and Bobby Murphy "may decide not to sell, even when other investors think that this is the right course of action."Spiegel and Murphy collectively wield majority voting rights, and the duo famously rebuffed a $3 billion offer from Facebook a few years ago.Citing reasons why Facebook would still want to buy Snap, Seyrafi pointed to the company's $22 billion acquisition of WhatsApp, which was not generating meaningful revenue at the time. He noted that Facebook has the balance sheet to make a large acquisition, with $30 billion in cash and investments on hand at the end of 2016.Seyrafi said that Facebook buying Snap would "remove one of the very few long-term threats to its business," given Snapchat's dominance among millennials and forecasted growth with older demographics. "Several years ago, survey work showed that many teens were disengaging off of Facebook and moving over to Snap, and investors were quite concerned about the long-term ramifications of losing such a key age cohort," he wrote.Seyrafi also pointed to Comcast as a potential Snap suitor, citing its NBCUniversal division's $500 million investment in Snap during the IPO.FBN Securities has given Snap a sector perform rating and $23 price target. Snap has yet to receive a buy rating from any analysts. Visit Markets Insider for constantly updated market quotes for individual stocks, ETFs, indices, commodities and currencies traded around the world. Go Now! Sign up for notifications from Insider! Stay up to date with what you want to know. Subscribe to push notifications Deal icon An icon in the shape of a lightning bolt. Keep reading Was this article valuable for you? Yes No Additional comments Email (optional) Receive a selection of our best stories daily based on your reading preferences. Submit Newsletter Get the latest tech news & scoops — delivered daily to your inbox. Loading Something is loading. Email address By clicking ‘Sign up’, you agree to receive marketing emails from Insider as well as other partner offers and accept our Terms of Service and Privacy Policy. SEE ALSO: Evan Spiegel just got an $800 million bonus for taking Snap public NOW WATCH: WPP CEO Sir Martin Sorrell on Snapchat becoming the 'third force' to Google and Facebook More: SNAP Snapchat Facebook Markets Insider Mergers adn Acquisitions Prime Archive Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. 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Publicis Groupe Sapient Acquisition Menu icon A vertical stack of three evenly spaced horizontal lines. Search icon A magnifying glass. It indicates, "Click to perform a search". Insider logo The word "Insider". 0 Newsletters Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. Log in Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. 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H M S In the news Close icon Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification. Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. HOMEPAGE 0 Newsletters Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. Log in Subscribe Home Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. Advertising Publicis Groupe Is Acquiring Sapient For $3.7 Billion Lara O'Reilly 2014-11-03T07:11:00Z Save Article Icon A bookmark Facebook Icon The letter F. Email icon An envelope. It indicates the ability to send an email. Share icon An curved arrow pointing right. Twitter icon A stylized bird with an open mouth, tweeting. Twitter LinkedIn icon The word "in". LinkedIn Fliboard icon A stylized letter F. Flipboard Facebook Icon The letter F. Facebook Email icon An envelope. It indicates the ability to send an email. Email Link icon An image of a chain link. It symobilizes a website link url. Copy Link Download the app Redeem now Publicis Groupe chairman and CEO Maurice Levy. Wikimedia, CC French advertising holding group Publicis Groupe has announced it is to acquire US-based digital marketing company Sapient in an all-cash transaction for $25 per share, worth $3.7 billion.Publicis says the acquisition will give the world's third-largest agency group access to new geographical markets and the ability to create new revenue streams through digital consultancy, e-commerce and IT. It also means the group will achieve its target of deriving 50% of its revenues from digital three years ahead of its 2018 plan. The transaction will create a communications, marketing and technology group "agency of the future" with combined revenues in excess of €8 billion ($9.9 billion) and combined EBITDA of approximately €1.3 billion ($1.6 billion), according to Publicis. The addition of Sapient's 12,857 staff means Publicis will now have a workforce of more than 75,000 people worldwide.Publicis says the acquisition will deliver around €50 million ($62 million) in cost savings over the next three years, through the integration of digital production, particularly taking advantage of Sapient's production infrastructure in India, some real estate consolidation, G&A reductions and procurement savings.Sapient generated $1.26 billion in revenue last year, up 12.3% in 2012.  The company has delivered compound annual revenue growth of 15% from 2010 to 2013. The $3.7 billion price Publicis is paying is a premium on Sapient's current $2.46 billion market valuation.Sapient's clients include Coca-Cola, Target, Unilever and Audi. Publicis outlined the rationale for the acquisition in this slide in its presentation to investors: Publicis Groupe The purchase is Publicis' latest effort to bolster its digital offering as consumers increasingly consume media across mobile and other internet channels. It comes five months after Publicis called off its attempt to form a merger with Omnicom Group, which would have created the world's largest advertising group.Sapient's share price last closed at $17.32 and its stock has seen a sharp run up since late October, suggesting investors knew an acquisition could be approaching. Publicis Groupe's stock is currently up on its close last night of $54.04. The acquisition will result in the creation of a platform to be named Publicis.Sapient, which the companies say in statement will create the "largest and most advanced" platform focused exclusively on digital transformation and "the dynamics of an always-on world across marketing, omni-channel commerce, consulting and technology." Publicis.Sapient will also house other Publicis digital agencies including DigitasLBI, Razorfish Global and Rosetta.Publicis.Sapient will be led by Sapient CEO Alan Herrick. He first joined the Sapient in 1995 and became the company's chief and a member of the board of directors in 2006. He was named co-chairman of the board in June 2012. 30 other senior Sapient executives will also enter into long-term employment agreements with Publicis.In a statement announcing the acquisition, Publicis Groupe CEO and chairman Maurice Levy says: "Sapient is a 'crown jewel,' a one of a kind company born in the technology space with strengths in marketing, communications, consulting and omni-channel commerce, all of which are equally important to best help clients achieve their digital transformation."On the call Maurice Levy explained that the addition of Sapient leaves the company well-covered when it comes to digital marketing and advertising, but he did not rule out further, smaller acquisitions. The transaction has been approved unanimously by the management and supervisory boards of both companies. It is still subject to regulatory approval and is expected to close in the first quarter of 2015.News of the acquisition comes just a few days after the chief executive of rival advertising holding group WPP, Sir Martin Sorrell, said his company's $25 million stake in AppNexus left Publicis and Omnicom with "nowhere to go" when it comes to digital advertising.Sorrell responded to the news of the acquisition this morning by saying it looked like "the behavior of a jilted lover," referencing Publicis' failed $35 billion merger with Omnicom, which collapsed in May.Publicis Groupe reported organic/like-for-like revenue growth of just 1% to $2.2 billion in its third quarter, which picked up slightly on the previous quarter but was not in line with analysts' expectations. On the Q3 earnings call, Levy admitted the company's disappointing performance was his fault for being "distracted" by the failed Omnicom merger. Sign up for notifications from Insider! Stay up to date with what you want to know. Subscribe to push notifications Deal icon An icon in the shape of a lightning bolt. Keep reading Newsletter Sign up for our newsletter to get the news, trends and strategies that advertising and media pros want to know — delivered weekly to your inbox. Loading Something is loading. Email address By clicking ‘Sign up’, you agree to receive marketing emails from Insider as well as other partner offers and accept our Terms of Service and Privacy Policy. BI London Advertising Publicis Close icon Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification. Recommended Video Follow us on: * Copyright © 2022 Insider Inc. All rights reserved. Registration on or use of this site constitutes acceptance of our Terms of Service ,  Privacy Policy and Cookies Policy . 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RBC Analysts Speculate About Apple Buying Disney Menu icon A vertical stack of three evenly spaced horizontal lines. Search icon A magnifying glass. It indicates, "Click to perform a search". Insider logo The word "Insider". 0 Newsletters Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. Log in Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. 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H M S In the news Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. HOMEPAGE 0 Newsletters Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. Log in Subscribe Premium Home Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. Tech Analysts are speculating about Apple buying Disney: 'A tech/media juggernaut like no other' Rob Price 2017-04-13T10:00:00Z Save Article Icon A bookmark Facebook Icon The letter F. Email icon An envelope. It indicates the ability to send an email. Share icon An curved arrow pointing right. Twitter icon A stylized bird with an open mouth, tweeting. Twitter LinkedIn icon The word "in". LinkedIn Fliboard icon A stylized letter F. Flipboard Facebook Icon The letter F. Facebook Email icon An envelope. It indicates the ability to send an email. Email Link icon An image of a chain link. It symobilizes a website link url. Copy Link Download the app This story is available exclusively to Insider subscribers. Become an Insider and start reading now. Redeem now Disney Could Apple buy Disney?It would be a huge deal, worth hundreds of billions of dollars — and that's what analysts are speculating about on Thursday.Research from RBC Capital Markets says such a merger would produce a "tech/media juggernaut like no other" — the combination of the biggest tech company in the world and a near-century-old cultural titan."The resultant company would be massive, with enough cash and balance sheet capacity to change the nature of the hardware, service, and content industries," the analysts wrote in a note to investors."If there's a deal out there that would strike fear in the hearts of Silicon Valley and Hollywood, this could be it."But where is this speculation coming from? And how likely is it, really?Apple has hundreds of billions of dollars lying around Apple CEO Tim Cook. AP First up, Apple has the cash for a deal — in theory. It has about $230 billion stashed overseas and is waiting to repatriate it back to the US. But it's not as simple as transferring it from one account to another — it could incur a huge tax bill when it does, so it wants to ensure it gets the best deal it can.CEO Tim Cook has said he's "optimistic" about changes to US tax laws in 2017, meaning repatriation without paying a huge corporate tax penalty — after years of waiting — may be a real possibility.Disney wouldn't come cheapWith that in mind, Disney isn't exactly pocket change. RBC's analysts estimate Apple would pay a 40% premium on Disney's share price — costing it a cool $237 billion. With about $200 billion of repatriated cash to spend after taxes, the shortfall would be made up by debt.It's an order of magnitude larger than previous acquisitions carried out by Apple — the largest of which has been the music company Beats for $2.2 billion.But people are definitely alive to the possibility. RBC's analysts says investors are "frequently" asking them "whether Disney is an acquisition target for Apple."But why?We're getting a little ahead of ourselves here. Why might Apple try to buy Disney in the first place? Well, there a few key reasons.It would diversify Apple away from the iPhone. Apple today depends on the iPhone for more than 60% of its revenue. It's a phenomenally successful product, but that level of dependence also makes Apple vulnerable to changes in the market.It would boost Apple's services business. In a slowing global smartphone market, Apple is looking for avenues for growth — and services (subscriptions like Apple Music) is a key one for the company. Disney, with its vast library of content and subscription assets like ESPN, would turbo-charge this division.It would create a streaming giant capable of taking on Netflix and Amazon. With Apple's tech expertise and Disney's content library, it could produce a product in the streaming market capable of going toe-to-toe with the dominant players like Netflix. "Neither entity has chosen to enter the digital streaming market whole-hog arguably because competition and/or returns are a challenge," RBC writes. "But together, DIS and AAPL would instantly have access to global distribution (via AAPL's installed base and the global iTunes store) and a massive library of content + studio capacity (via DIS) to make future movies and shows."The deal could benefit Apple shareholders financially. RBC analysts estimate that a Disney acquisition would be 18% accretive to earnings per share for Apple shareholders.The history: Steve Jobs, the late CEO of Apple, was the largest shareholder in the Disney animation studio Pixar. So there is that.So ... will this actually happen? Disney CEO Bob Iger with Steve Jobs. Getty RBC's research seems to be driven by speculation and questions from investors, rather than by internal gossip or hard evidence of any theoretical talks between the two firms.Its analysts acknowledge that they consider it only a "'greater than 0%' probability event."There has been speculation and recommendations about such a deal for years. Veteran US cable executive John Malone said in 2016 that Apple could be interested in Disney if ESPN were spun off. Plus the companies already have some links, with Disney CEO Bob Iger sitting on Apple's board.If it ever happened, a merger would be a monumental corporate event, giving the combined entity "unrivaled scale in content creation and distribution with the potential to create an instantly competitive global SVOD/streaming service. And, a massive balance sheet and technical capability to pursue future sports rights and protect live viewership moats, and integration of AAPL technologies into DIS Parks and Consumer Products," RBC says.Lastly, here's RBC's analysts on the "best justification" for a deal:"The best justification for such a mega deal, in our view, is the ability to do things together that neither company, nor any other company, could do. The sheer scale of a combined company offers some unique opportunities, and we've tried to identify some of the more compelling ones below."More importantly, Apple and Disney are each not just industry leaders in their own right but titans of industry on a global scale with truly unique products and services. Few people on earth are not already familiar with both companies' products, yet they don't compete in any meaningful sphere at the moment. The question therefore becomes what can they do together that they can't do apart? The answer is they can do just about anything given the technology and financial resources." Sign up for notifications from Insider! Stay up to date with what you want to know. Subscribe to push notifications Read the original article on Business Insider UK. Copyright 2017. Follow Business Insider UK on Twitter. Read next Was this article valuable for you? Yes No Additional comments Email (optional) Receive a selection of our best stories daily based on your reading preferences. Submit Newsletter Get the latest tech news & scoops — delivered daily to your inbox. Loading Something is loading. Email address By clicking ‘Sign up’, you agree to receive marketing emails from Insider as well as other partner offers and accept our Terms of Service and Privacy Policy. NOW WATCH: Tim Cook's estimated net worth is $625 million — here's how he makes and spends his money Disney Apple RBC Capital Markets More... Read next Follow us on: * Copyright © 2022 Insider Inc. All rights reserved. Registration on or use of this site constitutes acceptance of our Terms of Service ,  Privacy Policy and Cookies Policy . 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An Overseas Joint Venture Will Pay $37 Million To Acquire 'Titanic' Effects Firm - Business Insider Entertainment BI Intelligence Events Trending Tech Finance Politics Strategy Life Sports Video All × From To You have successfully emailed the post. An Overseas Joint Venture Will Pay $37 Million To Acquire 'Titanic' Effects Firm Kirsten Acuna Sep. 25, 2012, 11:41 AM 1,180 2 facebook linkedin twitter email print screengrabDDMG was responsible for the effects in Oscar winner, "Titanic."It didn't take long for Digital Domain Media Group Inc. (DDMG) to be acquired … again.   Beijing Galloping Horse Film Co. Ltd. and Mumbai-based Reliance Capital Ltd. will pay $37 million for the digital effects firm. The joint venture won the bid for the company at a 12-hour auction Friday.   DDMG filed for bankruptcy earlier this month. The company which was responsible for the visual effects in "Titanic" was founded in part by director James Cameron.  The company previously sold its main assets to Searchlight Partners Capital for $15 million.   According to the auction notice, the Beijing and Mumbai-based ventures beat out four other bidders including Anchorage Capital Group LLC and Technicolor Creative Services USA with a bid of $30.2 million.  The other $6.5 million will go toward contractual cure obligations and paying the debtor's payroll.  In the end, Galloping Horse America LLC will own 70 percent of the joint venture. SEE ALSO: Neil Patrick Harris recap the entire HIMYM series in a record 52 seconds > More: Movies Titanic Acquisition Auction Film Industry facebook linkedin twitter email print Recommended For You Comments Comments on this post are now closed. Insiders 0 All Comments 2 Apply To Be An "Insider" » Loading An Overseas Joint Venture Will Pay $37 Million To Acquire 'Titanic' Effects Firm An Overseas Joint Venture Will Pay $37 Million To Acquire 'Titanic' Effects Firm More than double Searchlight's bid. Recommended For You Featured Neil deGrasse Tyson and Al Gore on the future of our planet — and everything else More "Innovators" » My husband and I are business partners who just had our first child — here's how we make it work More "What Matters" » Get Entertainment Emails & Alerts Sign-Up Learn More » Entertainment Select Business Insider Select More Featured Business Insider Select Tech Select Tech Chart Of The Day Markets Chart Of The Day 10 Things Before the Opening Bell Instant MBA Business Insider Events BI Intelligence Daily Finance Finance Select Markets Select Monday Scouting Report Your Money Select Financial Advisor Insights Smart Investor CFO Insider Finance Insider Wealth Advisor Select Strategy Strategy Select Advertising Select Retail Select Careers Select 10 Things You Need To Know In Advertising Politics Politics Select Military Select Life Life Select Transportation Select Education Select Entertainment Select Breaking News Tech Enterprise Select Science Select Mobile Chart Of The Day E-Commerce Chart Of The Day Payments Chart Of The Day Digital Media Chart Of The Day IoT Chart of the Day Fintech Briefing Charts of the Day Sports Chart Of The Day Top 10 Things 10 Things In Tech You Need To Know Closing Bell Sports Sports Latest Research Our 25 Top Tech Predictions The Payments Ecosystem Report The Fintech Ecosystem Report The Internet of Things Report Read Business Insider On The Go Available for iPhone, iPad, and Android Find A Job Tech Jobs C-Level Jobs Media Jobs Design Jobs Finance Jobs Sales Jobs See All Jobs » Thanks to our partners * Copyright © 2016 Business Insider Inc. All rights reserved. Registration on or use of this site constitutes acceptance of our Terms of Service and Privacy Policy. Disclaimer Commerce Policy Stock quotes by finanzen.net Made in NYC International Editions: UKDEAUSIDINMYSG

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InMobi CEO Naveen Tewari Talks Profits And Acquisition Strategy - Business Insider Login   Login Username Password Remember me Forgot username or password? 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Enter your email address and zip code to set up customized email alerts. Email Zip From To Email Sent! You have successfully emailed the post. InMobi CEO Naveen Tewari Talks Profits And Acquisition Strategy Jim Edwards | Jun. 20, 2012, 9:19 AM | 1,738 | Email More Share on Tumblr Tweet Email Share on Tumblr InMobiInMobi's global network by monthly impressions served. See Also What Jif Peanut Butter Had To Say About GIF's Official Pronunciation AD OF THE DAY: At 52, Actress Tilda Swinton Is The New Face Of Chanel Walmart Hired A Former Bush Advisor As New PR Exec [THE BRIEF] InMobi CEO Naveen Tewari tells us that he expects his mobile ad company -- which he believes operates the largest mobile ad network bar Google's -- to remain a large standalone play in the future, even though it is not yet profitable. InMobi has about 850 employees in about 30 countries worldwide, of which 125 - 150 are in the U.S. Tewari declined to discuss revenues as the company is still private, having taken a $200 million investment from SoftBank last year. "We think this could be a standalone company," Tewari said when asked if he believed InMobi would be acquired. Growth has been "so fast and so large, we're one of only a handful of players that exists in this space" at scale, he said. InMobi serves 93.4 billion impressions monthly, across the planet. But the company is not yet running a profit, Tewari said. "We are in investment mode so we're concentrating on that. We have internal targets but we'd rather keep it that way." Profits have proven elusive among the large-scale mobile ad network providers. Both Velti and Millennial Media are also currently running at a loss. See Also: Meet The 18 Most Important People In Mobile Advertising Recommended For You Please follow Advertising on Twitter and Facebook. Follow Jim Edwards on Twitter. Ask Jim A Question » Tags: Advertising, Mobile, Mobile Ads, InMobi | Get Alerts for these topics » Advertisement: Share: Twitter Facebook Digg StumbleUpon Reddit LinkedIn Google+ Email More about embedding posts » Embed More about Alerts » Alerts Newsletter To embed this post, copy the code below and paste into your website or blog. 600px wide (preview) <iframe src="http://www.businessinsider.com/embed?id=4fe1cc36eab8ea2d7e000008&amp;width=600&amp;height=430" width="600" height="430" border="0" frameborder="0"></iframe> 400px wide (preview) <iframe src="http://www.businessinsider.com/embed?id=4fe1cc36eab8ea2d7e000008&amp;width=400&amp;height=430" width="400" height="430" border="0" frameborder="0"></iframe> 300px wide (preview) <iframe src="http://www.businessinsider.com/embed?id=4fe1cc36eab8ea2d7e000008&amp;width=300&amp;height=430" width="300" height="430" border="0" frameborder="0"></iframe> Jim Edwards is a Deputy Editor. 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Facebook Finally Acquired Microsoft Atlas To Take On Google - Business Insider Advertising BI Intelligence Events Trending Tech Finance Politics Strategy Life Sports Video All × From To You have successfully emailed the post. Facebook Finally Acquired Microsoft Atlas To Take On Google Laura Stampler Feb. 28, 2013, 4:50 PM 4,900 5 facebook linkedin twitter email print See Also Facebook is shutting down Facebook Exchange People are largely fine with ads if it means the Internet is free 26 of the most hilarious, unfortunate online ad placements After a period of speculation, Facebook finally proved that the rumors were true and announced its acquisition of Microsoft's Atlas ad server on its blog today. While we don't know the exact price point, Ad Age speculated that it would cost between $30 and $50 million. Note that Microsoft got the ad suite as a part of a $6 billion deal when buying aQuantive — a deal that the Seattle-based tech giant chalked up as wasted money this summer. This buy is important for Facebook because it makes the social network more of a contender in the ad space and takes on Google at its most profitable business. "Our belief is that measuring various touch points in the marketing funnel will help advertisers to see a more complete view of the effectiveness of their campaigns," said Brian Boland, Facebook's Director of Product Marketing, in a blog post. Although Peter Kafka at All Things D noted that "Integrating and overhauling Atlas, which has essentially been abandoned by Microsoft for years, will take many months, and the whole thing may not be done for another year." Boland acknowledges that the integration will be a process. He wrote, "We plan to improve Atlas' capabilities by investing in scaling its back-end measurement systems and enhancing its current suite of advertiser tools on desktop and mobile. We will also work to improve the user interface and functionality with the goal of making Atlas the most effective, intuitive, and powerful ad serving, management and measurement platform in the industry. Ultimately, Atlas’s powerful platform, combined with Nielsen and Datalogix, will help advertisers close the loop and compare their Facebook campaigns to the rest of their ad spend across the web on desktop and mobile" Atlas is based in Seattle and the team will continue to work there. SEE ALSO: The Haunting Face Of The Anti-Smoking Movement Has Died More: Madison Avenue Advertising Facebook Microsoft facebook linkedin twitter email print Recommended For You Comments Comments on this post are now closed. Insiders 0 All Comments 5 Apply To Be An "Insider" » Loading Facebook Finally Acquired Microsoft Atlas To Take On Google Facebook Finally Acquired Microsoft Atlas To Take On Google Facebook's getting serious about advertising. Recommended For You Featured These high-tech classes are the coolest thing happening in schools today More "Future Now" » Neil deGrasse Tyson and Al Gore on the future of our planet — and everything else More "Innovators" » Get Advertising Emails & Alerts Sign-Up Learn More » Advertising Select Advertising: The Brief More Featured Business Insider Select Tech Select Tech Chart Of The Day Markets Chart Of The Day 10 Things Before the Opening Bell Instant MBA Business Insider Events BI Intelligence Daily Finance Finance Select Markets Select Monday Scouting Report Your Money Select Financial Advisor Insights Smart Investor CFO Insider Finance Insider Wealth Advisor Select Strategy Strategy Select Advertising Select Retail Select Careers Select 10 Things You Need To Know In Advertising Politics Politics Select Military Select Life Life Select Transportation Select Education Select Entertainment Select Breaking News Tech Enterprise Select Science Select Mobile Chart Of The Day E-Commerce Chart Of The Day Payments Chart Of The Day Digital Media Chart Of The Day IoT Chart of the Day Fintech Briefing Charts of the Day Sports Chart Of The Day Top 10 Things 10 Things In Tech You Need To Know Closing Bell Sports Sports Latest Research Our 25 Top Tech Predictions The Payments Ecosystem Report The Fintech Ecosystem Report The Internet of Things Report Read Business Insider On The Go Available for iPhone, iPad, and Android Find A Job Tech Jobs C-Level Jobs Media Jobs Design Jobs Finance Jobs Sales Jobs See All Jobs » Thanks to our partners * Copyright © 2016 Business Insider Inc. All rights reserved. Registration on or use of this site constitutes acceptance of our Terms of Service and Privacy Policy. Disclaimer Commerce Policy Made in NYC Stock quotes by finanzen.net International Editions: UKDEAUSIDINMYSGPLSE

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Nike Acquires RTFKT As It Accelerates Metaverse Play Menu icon A vertical stack of three evenly spaced horizontal lines. Search icon A magnifying glass. It indicates, "Click to perform a search". Insider logo The word "Insider". 0 Newsletters Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. Log in Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. 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It symobilizes a website link url. Copy Link Download the app Nike, Jordan, Converse, and RTFKT logos Nike Nike on Monday said it acquired RTFKT, an "influential" company that makes digital sneakers. Business Insider previously reported on Nike's extensive efforts to capitalize on the metaverse. Terms of the deal weren't disclosed. RTFKT was recently valued at $33 million. Sign up for our newsletter to receive our top stories based on your reading preferences — delivered daily to your inbox. Loading Something is loading. Email address By clicking ‘Sign up’, you agree to receive marketing emails from Insider as well as other partner offers and accept our Terms of Service and Privacy Policy. Nike on Monday announced the acquisition of RTFKT, a company that makes digital sneakers, the latest sign that the sportswear giant sees enormous financial potential in the new immersive reality unknown as the metaverse.Terms of the deal weren't disclosed. Business Insider recently reported on Nike's extensive metaverse efforts, which also include video games and the creation of a Metaverse Studio. While Nike is building capabilities in-house, the RTFKT acquisition could speed up that work given RTFKT's advanced position when it comes to digital collectibles that can be inserted in virtual worlds and video games. In a note to investors, Stifel analyst Jim Duffy said the acquisition could "accelerate the long-anticipated launch of CryptoKicks," or Nike virtual sneakers.  RTFKT, which launched in 2020, currently has 15 employees and has raised $9.42 million from investors, according to PitchBook. The company was valued at $33 million in May. Its fundraising included an $8.12 million seed round led by Andreessen Horowitz, according to PitchBook. While less than two years old, RTFKT had already made a splash, including landing on CNBC's "Squawk Alley" in March after it said it sold $3.1 million in digital sneakers in 7 minutes. It also did a collaboration with celebrated sneaker designer Jeff Staple and another with the noted Japanese artist Takashi Murakami that's generated $65 million in transactions in less than three weeks. On Twitter, sneaker analyst Chris Burns described RTFKT as "influential." But Nike still hasn't won over critics who question the value of digital sneakers, especially for a company that's historically focused on meeting the needs of elite athletes.  "The company that does marketing better than any company in human history is about to start marketing things that no one needs and that have a (more or less) 100 percent profit margin," wrote longtime sneaker journalist Russ Bengtson on Twitter. Nike has made six acquisitions since 2018, according to PitchBook. Each company has been focused on the digital side of retail, including companies that do work around machine learning, predictive analytics, and digital shopping. Nike's current business plan, which it calls the Consumer Direct Acceleration, revolves around digital and direct sales.If you're an Insider subscriber, you can read the full story on Nike's metaverse play here. Sign up for notifications from Insider! Stay up to date with what you want to know. Subscribe to push notifications NOW WATCH: More: Teaser Nike Metaverse Facebook Sneakers Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. Close icon Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification. Recommended Video Follow us on: * Copyright © 2022 Insider Inc. All rights reserved. Registration on or use of this site constitutes acceptance of our Terms of Service ,  Privacy Policy and Cookies Policy . 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Amazon Announces $545 Million Acquisition Of Diapers.com - Business Insider Tech BI Intelligence Events Trending Tech Finance Politics Strategy Life Sports Video All × From To You have successfully emailed the post. Amazon Announces $545 Million Acquisition Of Diapers.com Jay Yarow Nov. 8, 2010, 9:11 AM 11,733 3 facebook linkedin twitter email print Associated PressIt's official: Amazon just announced the acquisition of Quidsi, the parent of Diapers.com and Soap.com. Amazon will pay $500 million in cash, and assume $45 million in debt and other obligations. Here's the release: Amazon.com, Inc. (NASDAQ: AMZN) today announced that it has reached an agreement to acquire Quidsi, Inc., which operates Diapers.com, an online baby care specialty site, and Soap.com, an online site for everyday essentials. “I’m not sure which is more unpleasant—changing diapers, paying too much for them, or running out of them,” said Jeff Bezos, Founder and CEO of Amazon.com. “This acquisition brings together two companies who are committed to providing great prices and fast delivery to parents, making one of the chores of being a parent a little easier and less expensive.” “Amazon shares our commitment to the customer,” said Marc Lore, Co-Founder, Chief Executive Officer and Chairman of Quidsi. “We are excited to be part of a company that will help us to serve an even larger audience, and we will continue delivering unexpectedly great service that makes life a little easier – that is our mission.” “Amazon is a pioneer,” said Vinit Bharara, Co-Founder and Chief Operating Officer of Quidsi. “Amazon is built on a culture of innovation and long-term vision. Quidsi is driven by these same core values, and we look forward to joining forces.” Following the acquisition, Quidsi will continue to operate independently under its current leadership team. In addition to Diapers.com and Soap.com, Quidsi recently launched BeautyBar.com, a prestige beauty boutique. Under the terms of the agreement, which has been approved by Quidsi’s stockholders, Amazon will acquire all of the outstanding shares of Quidsi for approximately $500 million in cash, as adjusted for the assumption of options and warrants, and also assume approximately $45 million in debt and similar obligations. Subject to various closing conditions, the acquisition is expected to close in December 2010. Disclosure: Jeff Bezos is an investor in Business Insider through his personal investment company Bezos Expeditions. More: Amazon Diapers.com Mergers/Buyouts Big Tech Deals E-Commerce Quidsi facebook linkedin twitter email print Recommended For You Comments Comments on this post are now closed. Insiders 0 All Comments 3 Apply To Be An "Insider" » Loading Amazon Announces $545 Million Acquisition Of Diapers.com Amazon Announces $545 Million Acquisition Of Diapers.com It's official. Recommended For You Featured These high-tech classes are the coolest thing happening in schools today More "Future Now" » Neil deGrasse Tyson and Al Gore on the future of our planet — and everything else More "Innovators" » Get Tech Emails & Alerts Sign-Up Learn More » Tech Select Tech Chart Of The Day Business Insider Select 10 Things In Tech You Need To Know Mobile Insights BII Mobile Insights More Featured Business Insider Select Tech Select Tech Chart Of The Day Markets Chart Of The Day 10 Things Before the Opening Bell Instant MBA Business Insider Events BI Intelligence Daily Finance Finance Select Markets Select Monday Scouting Report Your Money Select Financial Advisor Insights Smart Investor CFO Insider Finance Insider Wealth Advisor Select Strategy Strategy Select Advertising Select Retail Select Careers Select 10 Things You Need To Know In Advertising Politics Politics Select Military Select Life Life Select Transportation Select Education Select Entertainment Select Breaking News Tech Enterprise Select Science Select Mobile Chart Of The Day E-Commerce Chart Of The Day Payments Chart Of The Day Digital Media Chart Of The Day IoT Chart of the Day Fintech Briefing Charts of the Day Sports Chart Of The Day Top 10 Things 10 Things In Tech You Need To Know Closing Bell Sports Sports Latest Research Our 25 Top Tech Predictions The Payments Ecosystem Report The Fintech Ecosystem Report The Internet of Things Report Read Business Insider On The Go Available for iPhone, iPad, and Android Find A Job Tech Jobs C-Level Jobs Media Jobs Design Jobs Finance Jobs Sales Jobs See All Jobs » Thanks to our partners * Copyright © 2016 Business Insider Inc. All rights reserved. Registration on or use of this site constitutes acceptance of our Terms of Service and Privacy Policy. Disclaimer Commerce Policy Stock quotes by finanzen.net Made in NYC International Editions: UKDEAUSIDINMYSGPLSE

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Half A Million People Were Still Waiting In Line To Get Mailbox As It Gets Acquired by Dropbox - Business Insider Tech BI Intelligence Events Trending Tech Finance Politics Strategy Life Sports Video All × From To You have successfully emailed the post. 528,000 People Are Still Waiting In Line For Mailbox, The 37-Day-Old App Dropbox Just Acquired Alyson Shontell Mar. 15, 2013, 2:03 PM 5,554 facebook linkedin twitter email print LinkedInGentry UnderwoodFile storing and sharing company Dropbox has acquired Mailbox for an undisclosed amount. Mailbox is an app that promised to help people reach Inbox 0 with easy archiving and save-for-later features. What's crazy is the app only launched 37 days ago, on February 7. And, thanks to a brilliant marketing scheme that makes people wait in a virtual line to access the app, there are still 525,000 who are patiently waiting to try it out. CEO Gentry Underwood tells The Wall Street Journal that 1.3 million app reservations have been made and 60 million messages are being delivered daily over the service. "We are still struggling to keep up with the demand from those who want to use it,” he told WSJ. While the price wasn't disclosed, it's safe to assume Underwood and his 13-person team jumped ship for many millions (and hopefully a ton of stock options). They had raised $5.3 million to date. Dropbox may have pounced too early though. Many who tried the app have already stopped using it. When companies buy into fads, it doesn't often work well. Zynga, for example, purchased OMGPOP while its app Draw Something was exploding with traffic. Almost as soon as Zynga paid ~ $200 million, Draw Something's traffic declined. Here's what the Mailbox waitlist looks like now. Dropbox plans to keep the app running separately from its main app, so everyone should be able to get access to Mailbox despite the acquisition. Business InsiderThis is what the waitlist looked like just after the Dropbox acquisition was announced. More: Mailbox Dropbox facebook linkedin twitter email print Recommended For You Comments Comments on this post are now closed. Insiders 0 All Comments 0 Apply To Be An "Insider" » Loading 528,000 People Are Still Waiting In Line For Mailbox, The 37-Day-Old App Dropbox Just Acquired 528,000 People Are Still Waiting In Line For Mailbox, The 37-Day-Old App Dropbox Just Acquired Gentry Underwood sure makes entrepreneurship look easy. Recommended For You Featured These high-tech classes are the coolest thing happening in schools today More "Future Now" » Neil deGrasse Tyson and Al Gore on the future of our planet — and everything else More "Innovators" » Get Tech Emails & Alerts Sign-Up Learn More » Tech Select Tech Chart Of The Day Business Insider Select 10 Things In Tech You Need To Know Mobile Insights BII Mobile Insights More Featured Business Insider Select Tech Select Tech Chart Of The Day Markets Chart Of The Day 10 Things Before the Opening Bell Instant MBA Business Insider Events BI Intelligence Daily Finance Finance Select Markets Select Monday Scouting Report Your Money Select Financial Advisor Insights Smart Investor CFO Insider Finance Insider Wealth Advisor Select Strategy Strategy Select Advertising Select Retail Select Careers Select 10 Things You Need To Know In Advertising Politics Politics Select Military Select Life Life Select Transportation Select Education Select Entertainment Select Breaking News Tech Enterprise Select Science Select Mobile Chart Of The Day E-Commerce Chart Of The Day Payments Chart Of The Day Digital Media Chart Of The Day IoT Chart of the Day Fintech Briefing Charts of the Day Sports Chart Of The Day Top 10 Things 10 Things In Tech You Need To Know Closing Bell Sports Sports Latest Research Our 25 Top Tech Predictions The Payments Ecosystem Report The Fintech Ecosystem Report The Internet of Things Report Read Business Insider On The Go Available for iPhone, iPad, and Android Find A Job Tech Jobs C-Level Jobs Media Jobs Design Jobs Finance Jobs Sales Jobs See All Jobs » Thanks to our partners * Copyright © 2016 Business Insider Inc. All rights reserved. Registration on or use of this site constitutes acceptance of our Terms of Service and Privacy Policy. Disclaimer Commerce Policy Made in NYC Stock quotes by finanzen.net International Editions: UKDEAUSIDINMYSGPLSE

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Groupon acquires CommerceInterface, a co http://www.businessinsider.com/groupon-acquires-commerceinterface-a-co-2012-12/comments en-us Tue, 01 Dec 2015 01:51:58 -0500 Tue, 01 Dec 2015 01:51:58 -0500 Steve Kovach http://static3.businessinsider.com/assets/images/bilogo-250x36-wide-rev.png Business Insider http://www.businessinsider.com

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Lot18 launches in Europe, acquires Vinobest - Business Insider Tech BI Intelligence Events Trending Tech Finance Politics Strategy Life Sports Video All × From To You have successfully emailed the post. Lot18 Uses Its First Acquisition, Paris-Based Vinobest, To Launch In Europe Alyson Shontell Dec. 9, 2011, 10:22 AM 1,044 1 facebook linkedin twitter email print See Also Britney Spears hasn't been in control of her career or personal life for more than 8 years Watch US-led airstrikes annihilate an ISIS defensive position TRUMP: 'The books are cooked against Bernie!' Lot18, the gourmet food and wine flash sales site, is putting the $30 million it just raised to use. Today it's announcing its first acquisition, Paris-based e-commerce company Vinobest.Vinobest was founded in 2010 by Paul Guillet and Thierry Rochas who will be joining the Lot18 team but continuing to work from Paris.Lot18 will use Vinobest to launch in Europe, primarily in the U.K, France and Germany.  Cofounder Kevin Fortuna says Europe alone is a $100 billion wine market. More: Lot18 Acquisition facebook linkedin twitter email print Recommended For You Comments Comments on this post are now closed. Insiders 0 All Comments 1 Apply To Be An "Insider" » Loading Lot18 Uses Its First Acquisition, Paris-Based Vinobest, To Launch In Europe Lot18 Uses Its First Acquisition, Paris-Based Vinobest, To Launch In Europe It's putting the $30 million Series C round to use. Recommended For You Featured Neil deGrasse Tyson and Al Gore on the future of our planet — and everything else More "Innovators" » My husband and I are business partners who just had our first child — here's how we make it work More "What Matters" » Get Tech Emails & Alerts Sign-Up Learn More » Tech Select Tech Chart Of The Day Business Insider Select 10 Things In Tech You Need To Know Mobile Insights BII Mobile Insights More Featured Business Insider Select Tech Select Tech Chart Of The Day Markets Chart Of The Day 10 Things Before the Opening Bell Instant MBA Business Insider Events BI Intelligence Daily Finance Finance Select Markets Select Monday Scouting Report Your Money Select Financial Advisor Insights Smart Investor CFO Insider Finance Insider Wealth Advisor Select Strategy Strategy Select Advertising Select Retail Select Careers Select 10 Things You Need To Know In Advertising Politics Politics Select Military Select Life Life Select Transportation Select Education Select Entertainment Select Breaking News Tech Enterprise Select Science Select Mobile Chart Of The Day E-Commerce Chart Of The Day Payments Chart Of The Day Digital Media Chart Of The Day IoT Chart of the Day Fintech Briefing Charts of the Day Sports Chart Of The Day Top 10 Things 10 Things In Tech You Need To Know Closing Bell Sports Sports Latest Research Our 25 Top Tech Predictions The Payments Ecosystem Report The Fintech Ecosystem Report The Internet of Things Report Read Business Insider On The Go Available for iPhone, iPad, and Android Find A Job Tech Jobs C-Level Jobs Media Jobs Design Jobs Finance Jobs Sales Jobs See All Jobs » Thanks to our partners * Copyright © 2016 Business Insider Inc. All rights reserved. Registration on or use of this site constitutes acceptance of our Terms of Service and Privacy Policy. Disclaimer Commerce Policy Stock quotes by finanzen.net Made in NYC International Editions: UKDEAUSIDINMYSG

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Apple Acquires Another Mapping Company Menu icon A vertical stack of three evenly spaced horizontal lines. Search icon A magnifying glass. It indicates, "Click to perform a search". Insider logo The word "Insider". 0 Newsletters Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. Log in Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. Subscribe Subscribe Business The word Business Life The word Life News The word News Reviews The word Reviews Business Tech Finance Markets Strategy Retail Advertising Healthcare Intelligence Life Entertainment Culture Travel Food Health Parenting Beauty Style News Politics Military & Defense Sports Opinion Reviews Tech Streaming Home Kitchen Style Beauty Gifts Deals Pets Parenting Coupons Health Learning Hobbies & Crafts Travel All A-Z Advertising Business Careers Coupons DoorDash Walmart Dell Staples Under Armour Culture Design Entertainment Executive Lifestyle Finance Food Health Healthcare Intelligence Latest Life Markets Insider Media Military & Defense News Opinion People Personal Finance Politics Premium Retail Reviews Science Sports Strategy Tech Transportation Travel TV Beauty Explorers Best in Town Bonkers Closets Festival Foodies Movies Insider Pop Culture Decoded The Making Of The Ultimate List Featured Better Capitalism Cities Connected Insider TV Master Your Money Next Stop Sustainable Finance Transforming Business About About Advertise Careers Contact Us Corporate Corrections Policy Follow RSS Sitemap Facebook Twitter Instagram YouTube LinkedIn Subscriptions Intelligence Premium US Markets Loading... H M S In the news Close icon Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification. Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. HOMEPAGE 0 Newsletters Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. Log in Subscribe Subscribe Home Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. Tech Apple Acquires Another Mapping Company Jay Yarow 2010-07-14T14:22:00Z Save Article Icon A bookmark Facebook Icon The letter F. Email icon An envelope. It indicates the ability to send an email. Share icon An curved arrow pointing right. Twitter icon A stylized bird with an open mouth, tweeting. Twitter LinkedIn icon The word "in". LinkedIn Fliboard icon A stylized letter F. Flipboard Link icon An image of a chain link. It symobilizes a website link url. Copy Link Download the app Reuters Apple has made another stealthy, small acquisition, buying Quebec-based mapping technology company Poly9.There's very little information on the acquisition. It looks like this was an acqui-hire for talent. It looks like Apple could be hiring Poly9 to help build a map product for the iPad and iPhone so Apple doesn't have to rely on Google Maps.Here's what Poly9 does according to the LinkedIn page of a former employee:Poly9 is a technology studio in Quebec City specializing in 2D & 3D web mapping, and interactive media. Since 2005, we have designed and developed some of the most exciting and popular web mapping applications for major clients. We are also behind highly visible Google Gadgets, running on iGoogle and the Google Gadget Ads platforms. Our company's flagship product, Poly9 FreeEarth, is the first geographic 3D globe that works in all browsers, and does not require any download or installation.Last fall reports surfaced that Apple purchase Google Maps competitor Placebase. Sign up for notifications from Insider! Stay up to date with what you want to know. Subscribe to push notifications Deal icon An icon in the shape of a lightning bolt. Keep reading Newsletter Get the latest tech news & scoops — delivered daily to your inbox. Loading Something is loading. Email address By clicking ‘Sign up’, you agree to receive marketing emails from Insider as well as other partner offers and accept our Terms of Service and Privacy Policy. More: Mobile Apple iPhone Mergers And Acquisitions Close icon Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification. Recommended Video Follow us on: * Copyright © 2022 Insider Inc. All rights reserved. Registration on or use of this site constitutes acceptance of our Terms of Service ,  Privacy Policy and Cookies Policy . Contact Us Sitemap Disclaimer Accessibility Commerce Policy Advertising Policies CA Privacy Rights Coupons Made in NYC Jobs Stock quotes by finanzen.net Reprints & Permissions International Editions: United States US International INTL Asia AS Deutschland & Österreich AT Deutschland DE España ES India IN Japan JP México MX Netherlands NL Polska PL South Africa ZA

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Toyota in Talks to Acquire Boston Dynamics From Google Menu icon A vertical stack of three evenly spaced horizontal lines. Search icon A magnifying glass. It indicates, "Click to perform a search". Insider logo The word "Insider". 0 Newsletters Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. Log in Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. Subscribe Subscribe Business The word Business Life The word Life News The word News Reviews The word Reviews Business Tech Finance Markets Strategy Retail Advertising Healthcare Intelligence Life Entertainment Culture Travel Food Health Parenting Beauty Style News Politics Military & Defense Sports Opinion Reviews Tech Streaming Home Kitchen Style Beauty Gifts Deals Pets Parenting Coupons Health Learning Hobbies & Crafts Travel All A-Z Advertising Business Careers Coupons DoorDash Walmart Dell Staples Under Armour Culture Design Entertainment Executive Lifestyle Finance Food Health Healthcare Intelligence Latest Life Markets Insider Media Military & Defense News Opinion People Personal Finance Banking Credit Cards Insurance Investing Loans Mortgages Politics Premium Retail Reviews Science Sports Strategy Tech Transportation Travel TV Beauty Explorers Best in Town Bonkers Closets Festival Foodies Movies Insider Pop Culture Decoded The Making Of The Ultimate List Featured Better Capitalism Cities Connected Insider TV Master Your Money Next Stop Sustainable Finance Transforming Business About About Advertise Careers Contact Us Corporate Corrections Policy Follow RSS Sitemap Facebook Twitter Instagram YouTube LinkedIn Subscriptions Intelligence Premium US Markets Loading... H M S In the news Close icon Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification. Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. HOMEPAGE 0 Newsletters Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. Log in Subscribe Subscribe Home Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. Tech News Toyota is closing in on a deal to buy Google's robotics company Boston Dynamics, and the 'ink is nearly dry' Danielle Muoio 2016-05-27T22:16:08Z Save Article Icon A bookmark Facebook Icon The letter F. Email icon An envelope. It indicates the ability to send an email. Share icon An curved arrow pointing right. Twitter icon A stylized bird with an open mouth, tweeting. Twitter LinkedIn icon The word "in". LinkedIn Fliboard icon A stylized letter F. Flipboard Link icon An image of a chain link. It symobilizes a website link url. Copy Link Download the app Boston Dynamics' Atlas robot. YouTube/Boston Dynamics Google is in talks with the Toyota Research Institute to sell its robotics division Boston Dynamics, a source familiar with the matter told Tech Insider.A price for the deal has not yet been disclosed, but this person says the "ink is nearly dry."  Tensions between Google and Boston Dynamics have been brewing since 2014, but a video released by Boston Dynamics in February of its humanoid robot, Atlas, was the tipping point for the separation, according to a Bloomberg article written in March. At the time, Bloomberg reported that Amazon and the Toyota Research Institute were possible acquirers of Boston Dynamics.Google declined to comment for this story and Toyota did not respond to a request for comment. A 'friendly buyout' Marc Raibert. YouTube/Zeitgeist Minds The Toyota Research Institute was announced in November 2015 and began hiring in January. It was established to conduct artificial intelligence and robotics research. A former employee of Boston Dynamics referred to Toyota's pending purchase of Boston Dynamics as a "friendly buyout," considering it has strong ties to the robotics company. Gill Pratt, CEO of the Toyota Research Institute, worked with Marc Raibert, founder and CEO of Boston Dynamics, at MIT's leg lab — a lab that builds and studies legged robots that Raibert founded in 1986. Pratt took over the lab in 1992 after Raibert left the university to build Boston Dynamics. Raibert still runs Boston Dynamics under Google.Several Google robotics employees have also left the company to work at the Toyota Research Institute recently.James Kuffner, the co-founder of Google's robotics division, left the company in January to join the Toyota Research Institute. Joseph Bondaryk, the operation manager for Boston Dynamics under Google, also joined the Toyota Research Institute in January, according to LinkedIn.Other notable moves include Philipp Michel, who worked as a senior roboticist for Google's robotics division before moving to the Toyota Research Institute in February, a LinkedIn search found. And Adam Geboff, senior systems and hardware engineer for Replicant, joined the Institute in April, according to LinkedIn. 'Us and them': Tensions mounting Boston Dynamics' Spot robot. Marines TV Boston Dynamics was spun out of the MIT Leg Lab by Raibert in 1992. The US Military funded many of Boston Dynamic's projects through the Defense Advanced Research Projects Agency (DARPA). Google was never interested in making robots for military applications. Boston Dynamics was allowed to honor existing contracts with DARPA, but Google spun off DI-Guy, the creator of human simulation software for military purposes, into a new vendor called VT MÄK that still exists in Cambridge, Massachusetts.When Boston Dynamics was acquired in 2013, it was one of nine companies making up Google's robotics division, internally called Replicant. Andy Rubin, the co-founder of Android, created Replicant with Kuffner in 2014. Rubin was considered the lead architect of Replicant.A few employees told Tech Insider that Boston Dynamics employees appreciated Rubin's fairly laissez faire leadership style because it encouraged them to continue the kind of research they were already doing and see where it took them. "The impression I got was Rubin’s robotic companies were sort of allowed to get some leash," one such former employee told Tech Insider.But when Rubin left in October 2014, there was no real leader to bring the disparate robotics groups together. There was also a change in mindset as to how to run the different robotic divisions — rather than encouraging them to pursue their own research, Google began pushing for a consumer product."At the end of the day you have Google saying, ‘What are these guys out in Boston doing? We don’t even know, they’re just doing they’re own thing,'" the former employee said. "In 2015 when people wanted to put more direction and leadership on top of a group that was trying to keep itself isolated... that was a tension."A commercial robot by 2020 Mark Wilson/Getty Images Tech Insider spoke to two former employees who said Google was pushing for a commercial robot that could help out around the house or office by 2020. It's not too clear what exactly Google wanted the robot to do, but it would be comfortable around humans and easy to use for basic day-to-day tasks. One of the people said Google wanted a robot that, like many of its products, was simplistic and easy to use. One way of executing that would be having it roam around on wheels.Considering Boston Dynamics was born out of the MIT Leg Lab, asking employees to stop pursuing robotic leg research was just one of many requests that rubbed people the wrong way, the person said.Boston Dynamics began resisting the push to build a consumer robot. There was no real leader overseeing the different robotics groups under Replicant anyway, and Boston Dynamics could isolate itself easily in Boston with Google all the way out in Mountain Valley, California."At the end of day what I saw was a sense of us and them instead of a we — we weren’t part of Google, we were sort of a separate thing," a former employee said. The tipping point YouTube/ Boston Dynamics In late February, Boston Dynamics released a video of their humanoid robot, Atlas, the Next Generation, to show off its capabilities. But many people found the video unsettling."There’s excitement from the tech press, but we’re also starting to see some negative threads about it being terrifying, ready to take humans’ jobs,” Courtney Hohne, a director of communications at Google and the spokeswoman for Google X, wrote in an email that was published on an internal forum and obtained by Bloomberg.Hohne asked her colleagues at Google to “distance X from this video,” writing, “we don’t want to trigger a whole separate media cycle about where BD really is at Google," according to Bloomberg.“We’re not going to comment on this video because there’s really not a lot we can add, and we don’t want to answer most of the Qs it triggers,” Hohne wrote. To say the video prompted the sale of Boston Dynamics would be an overly simplistic analysis. But it did "sour the soup," as one former employee said, considering the other tensions that had been mounting over the course of a year.Perhaps integrating with the Toyota Research Institute, which is focused on research rather than commercializing a product, will serve as a happy ending for both Boston Dynamics and Google.  Sign up for notifications from Insider! Stay up to date with what you want to know. Subscribe to push notifications Deal icon An icon in the shape of a lightning bolt. Keep reading Newsletter Get a daily selection of our top stories based on your reading preferences. Loading Something is loading. Email address By clicking ‘Sign up’, you agree to receive marketing emails from Insider as well as other partner offers and accept our Terms of Service and Privacy Policy. NOW WATCH: Google just launched a video calling app that does something FaceTime can't More: Boston Dynamics Google Robots Robotics Toyota Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. Close icon Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification. Recommended Video Follow us on: * Copyright © 2022 Insider Inc. All rights reserved. Registration on or use of this site constitutes acceptance of our Terms of Service ,  Privacy Policy and Cookies Policy . Contact Us Sitemap Disclaimer Accessibility Commerce Policy Advertising Policies CA Privacy Rights Coupons Made in NYC Jobs Stock quotes by finanzen.net Reprints & Permissions International Editions: United States US International INTL Asia AS Deutschland & Österreich AT Deutschland DE España ES India IN Japan JP México MX Netherlands NL Polska PL South Africa ZA

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Snapchat Acquires Vergence Labs Menu icon A vertical stack of three evenly spaced horizontal lines. Search icon A magnifying glass. It indicates, "Click to perform a search". Insider logo The word "Insider". 0 Newsletters Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. Log in Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. 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H M S In the news Close icon Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification. Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. HOMEPAGE 0 Newsletters Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. Log in Subscribe Home Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. Tech It Looks Like Snapchat Paid $15 Million To Buy A Google Glass-Like Startup Jay Yarow, Alyson Shontell, and James Cook 2014-12-17T01:33:00Z Save Article Icon A bookmark Facebook Icon The letter F. Email icon An envelope. It indicates the ability to send an email. Share icon An curved arrow pointing right. Twitter icon A stylized bird with an open mouth, tweeting. Twitter LinkedIn icon The word "in". LinkedIn Fliboard icon A stylized letter F. Flipboard Facebook Icon The letter F. Facebook Email icon An envelope. It indicates the ability to send an email. Email Link icon An image of a chain link. It symobilizes a website link url. Copy Link Download the app Epiphany Eyewear Snapchat secretly acquired a company working on a Google Glass type of product in March, according to documents that leaked as a part of the Sony hacking.  Sony Entertainment CEO Michael Lynton is also a Snapchat board member, and his inbox has been exposed by hackers. In it, we see deal terms that suggest Snapchat paid $15 million for Vergence Labs, which makes frames for glasses. The terms say Snapchat paid $11 million in cash and $4 million in stock.Vergence Labs' website makes no mention of being owned by Snapchat. However, a source tells us that Snapchat has in fact bought Vergence. We've reached out to a Vergence employee for comment. This is a strange acquisition because Snapchat makes an app for sharing photos and messaging. Its photos quickly disappear. Perhaps it has good technology for converting video files. Perhaps it has talented engineers.Snapchat's investors have spoken briefly about wearable potential for the company though.  In an interview with J.J. Colao in Forbes last year, Coatue Management's Thomas Laffont stated, "People haven’t thought about use cases on new computing platforms. In one tap you take a photo, one more and you can share it. Imagine [the difficulty] trying to post on Instagram from a Google Glass device." Coatue invested $50 million in Snapchat. Epiphany Eyewear cofounder Erick Miller. Business Insider Vergence Labs' main product is Epiphany Eyewear, a product that subtly records video with the press of a button on the side of the frame. The glasses come with 8GB, 16GB or 32GB of storage. Depending on which pair you get, you'll spend $300 to $500. The glasses hook into a computer, and you upload the video to an online account. You can't take photos with the device, but Epiphany has software that you can use to capture stills from the videos you upload. Erick Miller and John Rodriguez cofounded the company in 2011, before Google Glass was announced. Miller worked on the idea as a graduate student at UCLA and poured his life savings into building the product. You can find a review of Epiphany Eyewear here.Vergence may have been low on money, because in another email just days before the deal was sent around, another email showed Snapchat loaning it $2 million. > Approval of Stock Purchase Agreement > Whereas, the Board has reviewed the proposed Stock Purchase Agreement (the “Stock Purchase Agreement”), among the Company, Vergence Labs, Inc. (the “Target”), the stockholders of Target and Erick Miller as the stockholders’ agent, in substantially the form of Exhibit A hereto, pursuant to which the Company would acquire all the shares of Target and Target will become a wholly-owned subsidiary of the Company (the “Transaction”); > Whereas, the Board has discussed a proposal to acquire Target through the Transaction in exchange for an aggregate purchase price of up to $15,000,000 in cash that will be paid to Buyer in two separate payments, where the first of such payments will be paid to Buyer at the closing (the “Closing”) in an amount equal to $11,000,000 in cash, less (i) the Company’s transaction expenses and (ii) the amount required to repay that certain loan paid prior to the signing of the Transaction (the “Buyer Loan”) and the second of such payments in an amount equal to $4,000,000 in cash that will be held back at the Closing (the “Holdback Amount”) and be subject to monthly vesting over 24 months based on the continued employment of the stockholders with the Buyer pursuant to the terms set forth in the Stock Purchase Agreement (the “Purchase Price”);NOW WATCH: Why Bethany Mota Has A Legion Of 10 Million Fans Waiting For Her Next YouTube VideoPlease enable Javascript to watch this video   Sign up for notifications from Insider! 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Apple Acquires SnappyLabs - Business Insider Tech BI Intelligence Events Trending Tech Finance Politics Strategy Life Sports Video All × From To You have successfully emailed the post. Apple Just Hired Someone That Should Make The iPhone's Photo Taking Better Jay Yarow Jan. 5, 2014, 11:07 AM 4,451 3 facebook linkedin twitter email print Apple has hired* John Papandriopoulos, the developer behind SnappyLabs, an innovative photography application, TechCrunch reports. SnappyLabs made an app that did quick burst photography delivering high resolution photos snapped at 20-30 frames per second, which is faster than Apple's native camera app, says TechCrunch. There's no word on what Papandriopoulos will be doing at Apple, but obviously, it will be something related to camera software/photo software. While many people think that smartphones are becoming commoditized devices with near feature parity, cameras are one area that can still be improved, and used for differentiation. If Apple can make the iPhone's camera significantly better than its rivals, then it's a huge selling point. Read more on the company at TechCrunch > *Or, we suppose, in the parlance of our times, Apple "acquired" SnappyLabs. More: Apple facebook linkedin twitter email print Recommended For You Comments Comments on this post are now closed. Insiders 0 All Comments 3 Apply To Be An "Insider" » Loading Apple Just Hired Someone That Should Make The iPhone's Photo Taking Better Apple Just Hired Someone That Should Make The iPhone's Photo Taking Better Apple has... Recommended For You Featured These high-tech classes are the coolest thing happening in schools today More "Future Now" » Neil deGrasse Tyson and Al Gore on the future of our planet — and everything else More "Innovators" » Get Tech Emails & Alerts Sign-Up Learn More » Tech Select Tech Chart Of The Day Business Insider Select 10 Things In Tech You Need To Know Mobile Insights BII Mobile Insights More Featured Business Insider Select Tech Select Tech Chart Of The Day Markets Chart Of The Day 10 Things Before the Opening Bell Instant MBA Business Insider Events BI Intelligence Daily Finance Finance Select Markets Select Monday Scouting Report Your Money Select Financial Advisor Insights Smart Investor CFO Insider Finance Insider Wealth Advisor Select Strategy Strategy Select Advertising Select Retail Select Careers Select 10 Things You Need To Know In Advertising Politics Politics Select Military Select Life Life Select Transportation Select Education Select Entertainment Select Breaking News Tech Enterprise Select Science Select Mobile Chart Of The Day E-Commerce Chart Of The Day Payments Chart Of The Day Digital Media Chart Of The Day IoT Chart of the Day Fintech Briefing Charts of the Day Sports Chart Of The Day Top 10 Things 10 Things In Tech You Need To Know Closing Bell Sports Sports Latest Research Our 25 Top Tech Predictions The Payments Ecosystem Report The Fintech Ecosystem Report The Internet of Things Report Read Business Insider On The Go Available for iPhone, iPad, and Android Find A Job Tech Jobs C-Level Jobs Media Jobs Design Jobs Finance Jobs Sales Jobs See All Jobs » Thanks to our partners * Copyright © 2016 Business Insider Inc. All rights reserved. Registration on or use of this site constitutes acceptance of our Terms of Service and Privacy Policy. Disclaimer Commerce Policy Made in NYC Stock quotes by finanzen.net International Editions: UKDEAUSIDINMYSGPLSE

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Tech More: Startups Thrillist NYC Digital Thrillist Acquires Gilt Groupe-For-Dudes Site JackThreads Dan Frommer May 13, 2010, 10:57 AM 4,955 Email More Share on Tumblr Tweet Email Share on Tumblr Thrillist has acquired Gilt Groupe-for-dudes site JackThreads. The deal moves Thrillist, the NYC-based email-newsletter-for-dudes startup, into the e-commerce market. Previously, Thrillist has generated revenue through ads and sponsorships in its emails and on its website. We understand this was a relatively small deal -- less than $10 million in cash and stock -- to acquire JackThreads' team, technology, and relationships with vendors, which can then be plugged into Thrillist's audience. JackThreads founder and CEO Jason Ross will continue to run the site from Columbus, OH, where his team and fulfillment center is based. Here's the release: Thrillist Makes Move Into Commerce; Acquires JackThreads Thrillist.com, the leading men’s digital lifestyle publication, has acquired members-only online retailer JackThreads.com, expanding Thrillist's footprint into e-commerce. Thrillist will now offer its user base exclusive access to JackThreads' private shopping community as an added benefit to subscribing. “This is a win-win for Thrillist and JackThreads, and with so much happening in the online commerce space, we feel like our timing is perfect.  JackThreads has done a spectacular job forging strong relationships with casual-wear brands, and we're excited to leverage these connections to benefit our readers.  We're particularly impressed with the infrastructure that Jason and his team have created and see e-commerce as an exciting ancillary revenue stream for Thrillist with lots of potential,” said Ben Lerer, Co-founder and CEO of Thrillist. “Joining forces with Thrillist is the opportunity of a lifetime. Combining the supplier/brand relationships of JackThreads with the exclusive audience of Thrillist creates a game-changing partnership within the men's media landscape,” said Jason Ross, Founder and CEO of JackThreads. 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Sift to Acquire Chargeback, Adding Dispute Management to Its Stack Menu icon A vertical stack of three evenly spaced horizontal lines. Search icon A magnifying glass. It indicates, "Click to perform a search". Insider logo The word "Insider". 0 Newsletters Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. Log in Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. 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H M S In the news Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. HOMEPAGE 0 Newsletters Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. Log in Subscribe Subscribe Premium Home Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. Finance Fraud-prevention startup Sift just announced plans to acquire Chargeback as the $1 billion fintech looks to broaden its offering in the red-hot space Shannen Balogh 2021-05-25T13:00:00Z Save Article Icon A bookmark Facebook Icon The letter F. Email icon An envelope. It indicates the ability to send an email. Twitter icon A stylized bird with an open mouth, tweeting. Twitter LinkedIn icon The word "in". LinkedIn Fliboard icon A stylized letter F. Flipboard Link icon An image of a chain link. It symobilizes a website link url. Copy Link Download the app Marc Olesen, president and CEO of Sift. Sift This story is available exclusively to Insider subscribers. Become an Insider and start reading now. E-commerce is growing rapidly, and that's meant an uptick in fraud. Fraud-prevention startup Sift just acquired Chargeback, adding dispute management to its offerings. Bringing the two companies' data sources together could help reduce fraud further, the CEOs told Insider. E-commerce has grown rapidly since the onset of the coronavirus pandemic. But as consumers have shifted their spending online, fraudsters have followed.The increased focus in the market has led an up-and-coming startup to expand its offering in the hopes of making it a more complete option for merchants. Sift, a fraud-prevention startup used by merchants like Airbnb, Doordash, and Poshmark, just announced plans to acquire Chargeback to broaden its suite of fraud-fighting software.Founded in 2011, Sift focuses on fraud before and during a transaction, verifying customer identities and payment methods. Chargeback, meanwhile, targets post-purchase fraud through disputes and chargebacks.The acquisition comes off the heels of Sift's $50 million Series E, led by Insight Partners, that valued the fintech at over $1 billion in April. Sift has raised more than $150 million to-date from investors including Spark Capital, Union Square Ventures, and angel investor Max Levchin, the CEO of Affirm.Sift and Chargeback declined to disclose the terms of the deal. The companies expect the deal to close in the coming weeks.The two companies already had a preexisting relationship, as Chargeback was available to Sift customers through its network of connected apps. Now, Chargeback's tech will be integrated into Sift's fraud-prevention services, called Sift Dispute Management. Chargeback's CEO John Munro will join Sift as general manager of dispute management. The deal will allow both sides to benefit from shared data. "By taking advantage of the dispute data that Chargeback has, we're improving the accuracy of our risk assessments upfront," Sift president and CEO Marc Olesen told Insider. "At the same time the data that we have prior to payment that helps Chargeback increase win rates and mitigate the friendly fraud that's happening on the backend."The deal was, in part, driven by customer sentiment, as well, Munro told Insider. Previously, merchants were using different data sources to manage fraud at various points of the transaction, making for more manual and time-consuming processes. Now, using Sift and Chargeback's automation, merchants are able to monitor fraud before, during, and after a purchase in one place.Over 34,000 websites and apps use Sift globally. Every month it analyses over 70 billion events, meaning things like new account sign ups and purchases. As Sift's machine-learning algorithms process more data, they get smarter, resulting in more accurate and automated fraud detection."The Sift and Chargeback combination removes all of that pain and allows both systems to provide more value to each merchant while the merchants gain some incredible efficiencies," Munro said.With a focus on e-commerce and travel businesses, Sift competes with fellow upstarts like Forter and Signifyd. There are also other players in the fraud monitoring space focused more on financial services, like FeedZai and Socure.Sift and Chargeback target both 'true' and 'friendly' fraudNot only is fraud on the rise, fraudsters are also getting more sophisticated, Olesen said. Last year, amid a 20% spike in charitable donations, Sift uncovered a fraud ring that was using donation sites to steal consumers' credit card information.Using stolen credit cards and fake accounts, the fraud ring set up fake causes on various donation sites, and raised small amounts of money, typically around $5. Once the fraudsters saw those charges clear, they'd take the same credit-card information to make larger purchases elsewhere.But when it comes to fraud, merchants and payments providers don't just have to watch out for bad actors and stolen credit card numbers.They also have to monitor what's called "friendly" fraud, which comes from existing customers who might falsely dispute a payment. Chargeback's specialty targets schemes like so-called 'pizza rings,' where a group of people order pizzas, then take turns disputing the charges, telling their credit-card companies that the pizzas were never delivered in order to get a refund. Sign up for notifications from Insider! Stay up to date with what you want to know. Subscribe to push notifications Deal icon An icon in the shape of a lightning bolt. Keep reading Was this article valuable for you? Yes No Additional comments Email (optional) Receive a selection of our best stories daily based on your reading preferences. 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Crowdstrike's CEO Explains $96 Million Acquisition of Preempt Menu icon A vertical stack of three evenly spaced horizontal lines. Search icon A magnifying glass. It indicates, "Click to perform a search". Insider logo The word "Insider". 0 Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. Log in Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. Subscribe Subscribe Business The word Business Life The word Life News The word News Reviews The word Reviews Search icon A magnifying glass. It indicates, "Click to perform a search". Insider logo The word "Insider". Close icon Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification. 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It often indicates a user profile. Log in Subscribe Subscribe Newsletters World globe An icon of the world globe, indicating different international options." US Edition US INTL Asia Deutschland & Österreich Australia España France India Japan México Netherlands Polska South Africa Get the Insider App Click here to learn more A leading-edge research firm focused on digital transformation. See our Research Facebook Icon The letter F. Twitter icon A stylized bird with an open mouth, tweeting. LinkedIn icon The word "in". YouTube icon A play button in the shape of a television screen. Instagram icon A stylized camera. * Copyright © 2021. All rights reserved. Registration on or use of this site constitutes acceptance of our Terms of Service ,  Privacy Policy and Cookies Policy. Sitemap Disclaimer Accessibility Commerce Policy CA Privacy Rights Coupons Made in NYC Jobs Stock quotes by finanzen.net Reprints & Permissions Insider logo The word "Insider". Close icon Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification. Good Subscriber Account active since Shortcuts Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. Profile Newsletters FAQs Subscription Log out US Markets Loading... H M S In the news Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. HOMEPAGE Subscribe Subscribe Premium Home Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. Enterprise 100 customers told Crowdstrike's CEO they want more 'zero trust' security, so he made a $96 million acquisition of startup Preempt to double down on cybersecurity's hottest trend Jeff Elder 2020-09-24T19:55:48Z Facebook Icon The letter F. Email icon An envelope. It indicates the ability to send an email. Twitter icon A stylized bird with an open mouth, tweeting. Twitter LinkedIn icon The word "in". LinkedIn Fliboard icon A stylized letter F. Flipboard Link icon An image of a chain link. It symobilizes a website link url. Copy Link CrowdStrike Chief Executive George Kurtz is photographed in the company's offices. CrowdStrike help CrowdStrike Chief Executive George Kurtz is photographed in the company's offices. CrowdStrike helps companies protect their data, and the company has been successful given the increased threat of foreign based hackers from Russia and China. Katie Falkenberg/Los Angeles Times via Getty Images This story is available exclusively to Insider subscribers. Become an Insider and start reading now. The cloud-based security company CrowdStrike, a public company valued at $29 billion, is acquiring identity-security firm Preempt for $96 million, the companies say.  The acquisition is a a strong statement on the power of "zero trust" cybersecurity in a world of remote workers, CrowdStrike's CEO says.  "Zero trust" is one of the biggest trends in the cybersecurity industry, relying less on traditional firewalls and antiviruses, and more on continually validating that a user is only accessing the apps and data that they should be. CrowdStrike's George Kurtz says customers are never going back to old on-premises security models – "they want to evolve."   Visit Business Insider's homepage for more stories. In a strong statement on the power of "zero trust" cybersecurity in a world of remote workers, CrowdStrike – a cloud-based company that adheres to the new remote work security philosophy, valued at $29 billion on the public markets – is acquiring another company that does, as well.Crowdstrike has agree to acquire Preempt Security for $96 million, the companies say. Preempt previously raised $27.5 million, most recently in a 2018 Series B round of $17.5 million led by ClearSky, Blackstone, Intel Capital and General Catalyst. CrowdStrike, which finds and blocks cyber threats across a company's digital assets, will now be able to offer customers Preempt's tools to block outsiders trying to gain access with stolen passwords or "insider threat" employees trying to access data they shouldn't. CrowdStrike CEO George Kurtz told Business Insider he has been meeting with customers from around the world in 100 virtual meetings in 100 days. What they say they want is more zero trust tools to protect their remote workforces, he said. Before COVID-19 sent millions of workers home, up-ending the cybersecurity industry, many companies protected their on-site networks with antivirus and firewalls, keeping threats out. There is no "perimeter" or boundary to company networks with remote work, so companies have to stop cyberthreats to their workers, websites, supply chains and customers by searching for them and stopping them.  "A big theme of those meetings is just how important zero trust is to our customers," Kurtz said. "Everyone is out of the office. There is no firewall. They need to be able to protect themselves."Customers say they are never going back to the old on-premises cybersecurity that relied on antivirus and a firewall to keep out cybercrime, Kurtz said. "The want to evolve."  "Many companies we talk to say they want to digitally transform themselves, but you can't transform if you can't protect yourself."Kurtz said combining Preempt's identity-security technology with CrowdStrike's ability to find and address threats will give companies additional appeal to their new remote work security approach. Ajit Sancheti, Preempt's co-founder and chief executive officer, says "Combining Preempt's identity security expertise with CrowdStrike's incredible scale" will be a great benefit to enterprise customers.Analysts say identity security and zero trust are both booming trends. According to Verizon's 2020 Data Breach Investigations Report, more than 80% of breaches incorporate some element of compromised or weak credentials. "Zero trust threat detection and response technologies are increasingly critical to securing customers," the  analyst firm Forrester says in a new report out Thursday. "With the loss of a physical perimeter," Forrester says zero trust "is one of the most dynamically changing and growing areas."Kurtz said he sees no downside in adding to CrowdStrike's assets. "We love a good acquisition," he said. "We are going to continue to expand."He's not worried about becoming one of a big, outdated security company, he said. "We were built into the cloud with a platform that can expand. From Day 1 we were better able to adapt."  Sign up for notifications from Insider! Stay up to date with what you want to know. Subscribe to push notifications Was this article valuable for you? Yes No Additional comments Email (optional) Receive a selection of our best stories daily based on your reading preferences. Submit Deal icon An icon in the shape of a lightning bolt. For you NOW WATCH: Why China Loves Tesla More: Cybersecurity Tech acquisitions Deal icon An icon in the shape of a lightning bolt. For you Follow us on: * Copyright © 2021 Insider Inc. All rights reserved. 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Salesforce Ready for M&a to Hit Marc Benioff's $50 Billion Target Menu icon A vertical stack of three evenly spaced horizontal lines. Search icon A magnifying glass. It indicates, "Click to perform a search". Insider logo The word "Insider". 0 Newsletters Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. Log in Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. 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H M S In the news Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. HOMEPAGE 0 Newsletters Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. Log in Subscribe Premium Home Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. Enterprise Salesforce is facing a huge sales challenge to Marc Benioff's ambitious $50 billion revenue target, and Wall Street thinks a big acquisition could be just what the doctor ordered Matt Weinberger 2022-09-23T19:24:12Z Save Article Icon A bookmark Facebook Icon The letter F. Email icon An envelope. It indicates the ability to send an email. Share icon An curved arrow pointing right. Twitter icon A stylized bird with an open mouth, tweeting. Twitter LinkedIn icon The word "in". LinkedIn Fliboard icon A stylized letter F. Flipboard Facebook Icon The letter F. Facebook Email icon An envelope. It indicates the ability to send an email. Email Link icon An image of a chain link. It symobilizes a website link url. Copy Link Download the app Salesforce co-CEO Marc Benioff NICHOLAS KAMM/AFP via Getty Images This story is available exclusively to Insider subscribers. Become an Insider and start reading now. Redeem now Salesforce's CEOs used this week's Dreamforce conference to reiterate its lofty financial targets. RBC analysts say it won't be easy, as a slowing economy makes it harder to cross-sell its products. Mirabaud analysts suggest buying a company like Box or Coupa could help Salesforce goose growth. As the economy continues to show signs of souring, companies of all shapes and sizes are tightening their belts. That, in turn, has led to a parade of bad news for the tech industry, as ad-buying and IT budgets shrink and customer deals are harder to close. Still, at this week's Dreamforce conference, Salesforce co-CEOs Marc Benioff and Bret Taylor kept things typically upbeat: Lenny Kravitz performed briefly during the opening keynote, even as the company unveiled updates including the Notion-like Slack Canvas and the Salesforce Genie data cloud platform.Benioff also used the event to reiterate his longstanding target of hitting $50 billion in annual revenue by its 2025 fiscal year. That would be up from the $31 billion in revenue it's on track to book this year. In an interview with Yahoo Finance, Benioff also said that it forecasts that its operating margin will hit 25% by that same year, up from its target of 20.4% in 2022.To get there, analysts from Mirabaud suggested that an acquisition might be a smart way to goose growth towards Benioff's $50 billion revenue target. After almost two years of shying away from discussing big M&A deals in the wake of its $27.7 billion Slack acquisition that closed last year, Benioff used Dreamforce to signal that the company is ready to go shopping again. "We've bought 60 companies — we'll always buy companies," Benioff said at the event, as Bloomberg reported.With big acquisitions like Slack, Tableau, and MuleSoft fully under the Salesforce umbrella, and with tech company valuations dipping amid all the economic uncertainty, now might be the time for Benioff and Taylor to make another move, the Mirabaud analysts wrote.The Mirabaud researchers even suggested companies that might make smart acquisition targets for Salesforce. Their list included cloud storage vendor Box, project management software company Smartsheet, cybersecurity firm Okta, healthcare-focused Salesforce partner Veeva, and spend management company Coupa. "M&A has been key to headline growth for Salesforce and needed to mask slower organic growth trends," the analysts wrote. Still, some on Wall Street are less sure of Salesforce's prospects, at least in the short term.In a post-event note to clients, RBC Capital Markets wrote that economic conditions are casting a long shadow, even as conversations at Dreamforce indicated that partners are optimistic around the company's potential to stay relevant in an increasingly cloud-dominated world. Those partners told RBC that sales cycles now take longer as customers become more conservative with their spending.The biggest concern is that Salesforce's partners reported some trouble selling multiple products to the same customers, analysts say."The most concerning data point was one large Salesforce partner discussing how customers are trying to do more with less and how it's harder to sell additional clouds to existing customers," the note reads. It continues that "much of Salesforce's future roadmap for growth and margin expansion depends on multi-cloud adoption," suggesting "some near term caution." Insider reached out to Salesforce for comment. Sign up for notifications from Insider! Stay up to date with what you want to know. Subscribe to push notifications Read next Was this article valuable for you? Yes No Additional comments Email (optional) Receive a selection of our best stories daily based on your reading preferences. 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M&A

Why Dell Secretly Bid $2.32 Billion To Acquire This Company - Business Insider Login   Login Username Password Remember me Forgot username or password? 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Enter your email address and zip code to set up customized email alerts. Email Zip From To Email Sent! You have successfully emailed the post. Why Dell Secretly Bid $2.32 Billion To Acquire This Company Julie Bort | Jun. 25, 2012, 1:11 PM | 4,204 | 4 Email More Share on Tumblr Tweet Email Share on Tumblr Dell.com   See Also A VC Explains Why Enterprise IPOs Have Been So Hot China-Based Huawei Vows Revenge On U.S. Competitors Who Drag Its Name Through The Mud SAP Just Vowed To Hire A Whole Bunch Of People With Autism Dell has quietly been involved in a multi-billion dollar bidding war to buy Quest Software and steal it away from a group of private investors, Reuters reports. Quest put out a mysterious press release this morning saying that its board had gotten an all-cash offer that amounts to $2.32 billion. It didn't name the bidder, but Reuters says it's Dell. This topped the last bid Quest got: $2.17 billion from a group lead by Insight Venture Partners and Vector Capital. Quest was so ready to take that bid, that they announced a merger agreement in June. But Dell wasn't quite ready to let them have it. It had reportedly started this bidding war with an offer of $2.15 billion, reports Arik Hesseldahl at AllThingsD. So what's so great about Quest that people are fighting over it? It makes software that serves about 100,000 enterprise customers. It's software automates a lot of tasks to make sure that big enterprise software -- like Oracle or IBM databases -- never go down. Plus it offers tools that helps companies move to Windows 7. It reported $857 million in sales, $44 million net profit last year. Dell is frantically trying to remake itself over as a post-PC, enterprise player, buying its way there. For instance, in April it bought thin-client maker Wyse for a reported $375 million. But not everyone is convinced that Dell is on the right track in buying its way into the enterprise. Some analysts thought that Dell could be partnering for the tech it needs. Investors so far aren't thrilled either. Dell's shares are trading today at $11.95 near its 52 year-low of $11.68. Don't miss: 'The PC, As We've Come To Know It, Has Become Obsolete' Recommended For You Please follow SAI: Enterprise on Twitter and Facebook. Follow Julie Bort on Twitter. 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M&A

At $3.2 Billion, Palm Is Too Pricey For Acquisition Suitors - Business Insider Tech BI Intelligence Events Trending Tech Finance Politics Strategy Life Sports Video All × From To You have successfully emailed the post. At $3.2 Billion, Palm Is Too Pricey For Acquisition Suitors Nick Saint Sep. 24, 2009, 8:51 AM 671 2 facebook linkedin twitter email print We've heard rumors about a Palm (PALM) acquisition ever since the firm launched the Pre in January. You name it: Dell (DELL), Microsoft (MSFT), Motorola (MOT), and Nokia (NOK1V) have all come up as potential buyers. But according to Reuters, analysts are skeptical that any of these companies are real buyers. Why? Palm's price. The stock has already quadrupled this year on the strength of its new phone, bringing Palm's total market cap to $2.4 billion. Reuters does the math on what that means for Palm's acquistion price: Based on the average 34 percent premium that technology, media and telecommunications companies have been sold for this year, according to Thomson Reuters data, this means a price tag of about $3.2 billion. More: Gadgets Nokia Microsoft Palm Apple Motorola facebook linkedin twitter email print Recommended For You Comments Comments on this post are now closed. Insiders 0 All Comments 2 Apply To Be An "Insider" » Loading At $3.2 Billion, Palm Is Too Pricey For Acquisition Suitors At $3.2 Billion, Palm Is Too Pricey For Acquisition Suitors Palm stock has already quadrupled this year. Recommended For You Featured Neil deGrasse Tyson and Al Gore on the future of our planet — and everything else More "Innovators" » My husband and I are business partners who just had our first child — here's how we make it work More "What Matters" » Get Tech Emails & Alerts Sign-Up Learn More » Tech Select Tech Chart Of The Day Business Insider Select 10 Things In Tech You Need To Know Mobile Insights BII Mobile Insights More Featured Business Insider Select Tech Select Tech Chart Of The Day Markets Chart Of The Day 10 Things Before the Opening Bell Instant MBA Business Insider Events BI Intelligence Daily Finance Finance Select Markets Select Monday Scouting Report Your Money Select Financial Advisor Insights Smart Investor CFO Insider Finance Insider Wealth Advisor Select Strategy Strategy Select Advertising Select Retail Select Careers Select 10 Things You Need To Know In Advertising Politics Politics Select Military Select Life Life Select Transportation Select Education Select Entertainment Select Breaking News Tech Enterprise Select Science Select Mobile Chart Of The Day E-Commerce Chart Of The Day Payments Chart Of The Day Digital Media Chart Of The Day IoT Chart of the Day Fintech Briefing Charts of the Day Sports Chart Of The Day Top 10 Things 10 Things In Tech You Need To Know Closing Bell Sports Sports Latest Research Our 25 Top Tech Predictions The Payments Ecosystem Report The Fintech Ecosystem Report The Internet of Things Report Read Business Insider On The Go Available for iPhone, iPad, and Android Find A Job Tech Jobs C-Level Jobs Media Jobs Design Jobs Finance Jobs Sales Jobs See All Jobs » Thanks to our partners * Copyright © 2016 Business Insider Inc. All rights reserved. Registration on or use of this site constitutes acceptance of our Terms of Service and Privacy Policy. Disclaimer Commerce Policy Stock quotes by finanzen.net Made in NYC International Editions: UKDEAUSIDINMYSG

M&A

How Consumer Fintechs Can Be Smarter About Acquiring Customers Jump to Main content Search Account Menu icon A vertical stack of three evenly spaced horizontal lines. Search icon A magnifying glass. It indicates, "Click to perform a search". Insider logo The word "Insider". 0 Newsletters Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. Log in Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. Subscribe Business Tech Finance Markets Strategy Retail Advertising Healthcare Premium Life Entertainment Culture Travel Food Health Parenting Beauty Style News Politics Military & Defense Sports Opinion Reviews Tech Streaming Home Kitchen Style Beauty Gifts Deals Pets Parenting Coupons Health Learning Hobbies & Crafts Travel Video All A-Z Advertising Business Careers Coupons DoorDash Walmart Dell Staples Under Armour Culture Design Entertainment Executive Lifestyle Finance Food Health Healthcare Intelligence Latest Life Markets Insider Media Military & Defense News Opinion People Personal Finance Banking Credit Cards Insurance Investing Loans Mortgages Politics Premium Retail Reviews Science Sports Strategy Tech Transportation Travel Featured Talent Insider About About Advertise Careers Code of Ethics Contact Us Corporate Corrections Policy Follow RSS Sitemap Facebook Twitter Instagram YouTube LinkedIn Subscriptions Intelligence Premium US Markets Loading... H M S In the news Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. HOMEPAGE 0 Newsletters Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. Log in Subscribe Premium Home Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. Finance As fintechs grapple with a tight market, it's about quality over quantity when it comes to new users, experts say. Here's where they should be focusing their efforts. Paige Hagy 2023-05-09T14:51:57Z Save Article Icon A bookmark Facebook Icon The letter F. Email icon An envelope. It indicates the ability to send an email. Share icon An curved arrow pointing right. Twitter icon A stylized bird with an open mouth, tweeting. Twitter LinkedIn icon The word "in". LinkedIn Fliboard icon A stylized letter F. Flipboard Facebook Icon The letter F. Facebook Email icon An envelope. It indicates the ability to send an email. Email Link icon An image of a chain link. It symobilizes a website link url. Copy Link Read in app Consumer fintech panel at Empire Startups Fintech Conference. On stage, from left to right, Andrew Cheesman, Stephanie Choo, Cynthia Kleinbaum Milner, Ron Shevlin, and Christie Horvath. Paige Hagy This story is available exclusively to Insider subscribers. Become an Insider and start reading now. Redeem now Consumer fintechs' customer-acquisition strategy is a hotly debated topic. Balancing customer acquisition cost and customer lifetime value is difficult. Despite the market downturn, experts say startups need to be more savvy about going after new users. Fintechs need to take a quality over quantity approach when it comes to attracting new customers in a tightening market.Financial-technology startups have faced a reckoning in the past year following unprecedented growth during the pandemic years. Inflated startup valuations were cut and the industry faced waves of layoffs amid rising interest rates and slowed funding. But despite the difficult market, experts say fintechs shouldn't simply be looking to grow their market share by any means necessary. Instead, they need to be more selective with the types of  customers they're targeting and the methods they're using to acquire them. Fintech execs, venture capital partners, and consultants at a recent conference suggested that startups target customers who will offer greater lifetime value, opt for fewer but more credible touchpoints, and explore new acquisition channels like ChatGPT and TikTok.Less churn and more credibilityTraditionally, direct-to-consumer fintechs have a low appetite for customers that don't pay back their customer-acquisition cost (CAC) within three to six months, Stephanie Choo, a partner at Portage, said on a panel at the Empire Startups Fintech Conference in New York on Wednesday. This results in startups targeting more customers, but ones who are less "valuable" in the long run.And churn — or the rate at which a customer stops doing business with a company — compounds the problem."You can fill the top of the funnel as much as you can," Choo said. "But if you have a super leaky bucket on churn, so anything more than 50% annual churn, is going to be super tough to continue to find new leads to fill the top of the funnel."One solution is to target customers who will offer greater lifetime value, Ron Shevlin, chief research officer at Cornerstone Advisors, said at the conference. Lifetime value is the amount of revenue a business will generate from a single customer."It's really about the cost of acquiring the right customer, not just any customer. I always like to give the example of JPMorgan Chase" Shevlin said. "There's got to be a reason why they put a $500-$600 incentive on opening a checking account — because they know they're gonna make money on that customer." Fintechs can also opt for fewer, more credible touchpoints, Christie Horvath, founder and CEO of Wagmo, said at the conference. For instance, a startup can partner with a prospective customer's employer to build trust."Instead of spending money on 15 different touchpoints to convert these people, we actually went and said, 'Okay, let's go find trusted sources of recommendation. Let's go to the places where these consumers are already looking for financial advice for other insurance products, and let's see if we can use those like pockets as distribution agents for us,'" Horvath said. Startups should also consider new acquisition channels, like ChatGPT, Cynthia Kleinbaum Milner, chief marketing officer at MoneyLion, said at the conference. An acquisition channel is any place a customer is exposed to a company's brand — including social media, paid advertisements, and organic search."The search volume is moving from Google to AI-powered platforms like ChatGPT," Milner said. "So think about how your product will be the one that ChatGPT is going to be recommending."TikTok has also transformed into a "search engine" of sorts, Horvath added, but with the caveat that "fintech doesn't necessarily lend itself great to TikTok advertising, and it's a lot harder than it seems." Sign up for notifications from Insider! Stay up to date with what you want to know. Subscribe to push notifications Read next Was this article valuable for you? Yes No Additional comments Email (optional) Receive a selection of our best stories daily based on your reading preferences. Submit NOW WATCH: Finance Fintech More... Read next Follow us on: * Copyright © 2023 Insider Inc. All rights reserved. Registration on or use of this site constitutes acceptance of our Terms of Service and Privacy Policy. 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M&A

Goldman Sachs Was the Top M&a Bank in Q1 Menu icon A vertical stack of three evenly spaced horizontal lines. Search icon A magnifying glass. It indicates, "Click to perform a search". Insider logo The word "Insider". 0 Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. Log in Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. Subscribe Subscribe Business The word Business Life The word Life News The word News Reviews The word Reviews Search icon A magnifying glass. It indicates, "Click to perform a search". Insider logo The word "Insider". Close icon Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification. 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It indicates a way to close an interaction, or dismiss a notification. Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. HOMEPAGE Subscribe Subscribe Home Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. Finance Goldman Sachs is crushing dealmaking — here's what one top banker thinks about the M&A outlook Portia Crowe 2016-04-05T15:20:15Z Facebook Icon The letter F. Email icon An envelope. It indicates the ability to send an email. Twitter icon A stylized bird with an open mouth, tweeting. Twitter LinkedIn icon The word "in". LinkedIn Fliboard icon A stylized letter F. Flipboard Link icon An image of a chain link. It symobilizes a website link url. Copy Link Goldman's Matt McClure says the complexion of the M&A market is similar to last year's. Goldman Sachs Global mergers and acquisitions volume was down 20% in the first quarter, but one bank's dealmakers have been keeping busy.Goldman Sachs worked on eight of the top 10 M&A deals announced in Q1, according to Dealogic, including ChemChina's $48 billion bid for Syngenta and Johnson Controls' $16.6 deal for Tyco International. The firm ranked no. 1 for global M&A volume for deals announced in Q1, according to Dealogic. It worked on 59 deals with a combined value of $220.5 billion, holding a 29.4% market share.We spoke to Goldman Sachs' cohead of M&A in the Americas, Matt McClure, about the quarter and what he expects in deal activity going forward. "While volumes are lower, the complexion of the M&A market is not dissimilar to 2015 in that its mostly driven by strategic buyers," McClure said."A lot of the drivers for a healthy M&A market persist — corporates face a relatively low-growth macro backdrop and they're using M&A to grow their top line. And while we remain in a fairly low cost of capital environment, it's still an attractive time to be buying growth." He pointed out that while volumes were down in Q1 from the same period a year ago, they were actually up from the same period two years ago. In fact, 2015 was the best year on record for M&A activity, with announcements topping $5 trillion throughout the year.He said activity started off slowly this year, in large part because of market volatility, but that has been stabilizing. McClure is optimistic about the outlook for the rest of the year."The core ingredients remain very similar to what we saw last year," he said. Goldman Sachs was on eight of the top 10 deals announced in Q1. Dealogic Sign up for notifications from Insider! Stay up to date with what you want to know. Subscribe to push notifications Newsletter Insider Finance: Covering Wall Street's biggest deals and personalities Loading Something is loading. Email address By clicking ‘Sign up’, you agree to receive marketing emails from Insider as well as other partner offers and accept our Terms of Service and Privacy Policy. SEE ALSO: Goldman Sachs just sent out this quiz to clients — see how many questions you can get right Deal icon An icon in the shape of a lightning bolt. For you NOW WATCH: More: Goldman Sachs Mergers And Acquisitions Deals Chinese acquisitions Wall Street Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. Deal icon An icon in the shape of a lightning bolt. For you Close icon Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification. Follow us on: * Copyright © 2021 Insider Inc. All rights reserved. Registration on or use of this site constitutes acceptance of our Terms of Service ,  Privacy Policy and Cookies Policy . 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AT&T is acquiring Alltel for $780 millio - Business Insider Tech BI Intelligence Events Trending Tech Finance Politics Strategy Life Sports Video All × From To You have successfully emailed the post. Jan. 22, 2013, 9:16 AM DL 222 facebook linkedin twitter email print AT&T is acquiring Alltel for $780 million. -- DL facebook linkedin twitter email print Recommended For You Comments Comments on this post are now closed. Insiders 0 All Comments 0 Apply To Be An "Insider" » Loading AT&T is acquiring Alltel for $780 millio AT&T is acquiring Alltel for $780 millio AT&T is acquiring Alltel for $780 million. Recommended For You Featured These high-tech classes are the coolest thing happening in schools today More "Future Now" » Neil deGrasse Tyson and Al Gore on the future of our planet — and everything else More "Innovators" » Get Tech Emails & Alerts Sign-Up Learn More » Tech Select Tech Chart Of The Day Business Insider Select 10 Things In Tech You Need To Know Mobile Insights BII Mobile Insights More Featured Business Insider Select Tech Select Tech Chart Of The Day Markets Chart Of The Day 10 Things Before the Opening Bell Instant MBA Business Insider Events BI Intelligence Daily Finance Finance Select Markets Select Monday Scouting Report Your Money Select Financial Advisor Insights Smart Investor CFO Insider Finance Insider Wealth Advisor Select Strategy Strategy Select Advertising Select Retail Select Careers Select 10 Things You Need To Know In Advertising Politics Politics Select Military Select Life Life Select Transportation Select Education Select Entertainment Select Breaking News Tech Enterprise Select Science Select Mobile Chart Of The Day E-Commerce Chart Of The Day Payments Chart Of The Day Digital Media Chart Of The Day IoT Chart of the Day Fintech Briefing Charts of the Day Sports Chart Of The Day Top 10 Things 10 Things In Tech You Need To Know Closing Bell Sports Sports Latest Research Our 25 Top Tech Predictions The Payments Ecosystem Report The Fintech Ecosystem Report The Internet of Things Report Read Business Insider On The Go Available for iPhone, iPad, and Android Find A Job Tech Jobs C-Level Jobs Media Jobs Design Jobs Finance Jobs Sales Jobs See All Jobs » Thanks to our partners * Copyright © 2016 Business Insider Inc. All rights reserved. Registration on or use of this site constitutes acceptance of our Terms of Service and Privacy Policy. Disclaimer Commerce Policy Made in NYC Stock quotes by finanzen.net International Editions: UKDEAUSIDINMYSGPLSE

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Marissa Mayer's Acquisition Strategy Will Fail, Says VC - Business Insider Tech BI Intelligence Events Trending Tech Finance Politics Strategy Life Sports Video All Continue to Business Insider » You will be redirected in seconds. × From To You have successfully emailed the post. Marissa Mayer's Acquisition Strategy Will Ruin Yahoo Employee Morale, Says VC Nicholas Carlson May 14, 2013, 11:17 AM 13,738 16 facebook linkedin twitter email print APYahoo CEO Marissa MayerYahoo CEO Marissa Mayer believes her company needs more talented and enterpreneurial engineers and product managers. (She's right!) So, for the last six months or so, Mayer has been acquiring small, failed mobile startups for small amounts of money, turning off their products, and integrating their teams into Yahoo's larger workforce. These deals are called "acqui-hires."  Usually, they cost about $1 million per engineer. Mayer has done about ten of them since she joined Yahoo last summer. Just last Friday, Yahoo bought a tiny little company called Loki Studios. Yahoo isn't the first company to do a lot of them. Google buys dozens of startups for this reason every year. Facebook also hires people this way. Venture capitalist Mark Suster – who is famous in his industry for selling two companies, and the joining GRP Partners – says that Mayer's acqui-hire strategy is actually really terrible, because it will drain morale from existing employees. He writes: Why Acquihires Hurt the Acquiring Company How about if we look at it from the “rest of company” perspective. You have been at Google, Salesforce.com, Yahoo! for years. You have worked faithfully. Evenings. Weekends. Year in, year out. You have shipped to hard deadlines. You’ve done the death-march projects. In the trenches. You got the t-shirt. And maybe got called out for valor at a big company gathering. They gave you an extra 2 days of vacation for your hard work. And that prick sitting in the desk next to you who joined only last week now has $1 million because he built some fancy newsreader that got a lot of press but is going to be shut down anyways. What kind of message does that send to the party faithful who slave away loyally to hit targets for BigCo? I’ll tell you what is says. It says if you want to make “real” money  - quit. Go do a startup. Get some famous angel or seed money. Get yourself in a big demo day competition. Woo the press. Hire legions of young, impressionable graduates from the top engineering universities. And then come back and sell me your company. I know many rank-and-file employees. I’ve had the chats with them. You rarely meet people who don’t resent the scores of entitled acquihirees of their company. Does Yahoo! et al really have to keep up with the Jones’s to build its future? For the 200 new employees they’ll get through acquihires do they unleash 2,000 unhappy existing employees? Sure, most won’t quit. Because they know that it’s not a slam dunk to start a business and get acquired. But the most talented of those 2,000 will. What if the $100 million you’re going to spend trying to win this alleged “war for talent” in stead went into big retention plans to keep your most talented employees. You can’t “Roll Out the Red Carpet When Your Best Employees are on the Way Out the Door” as I wrote in this post. So why not announce big, hairy audacious goals on recruiting the best mobile talent with sign-on bonuses and retention plans? And reward your existing top 10% of employees handsomely. I’ll bet the ROI would be higher than acquihires. More: Yahoo Marissa Mayer facebook linkedin twitter email print Recommended For You Comments Comments on this post are now closed. Insiders 4 All Comments 16 Apply To Be An "Insider" » Loading Marissa Mayer's Acquisition Strategy Will Ruin Yahoo Employee Morale, Says VC Marissa Mayer's Acquisition Strategy Will Ruin Yahoo Employee Morale, Says VC "It says if you want to make 'real' money - quit." 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Grading Google's Acquisitions - Business Insider Tech BI Intelligence Events Trending Tech Finance Politics Strategy Life Sports Video All Continue to Business Insider » You will be redirected in seconds. × From To You have successfully emailed the post. Grading Google's Acquisitions Jay Yarow Oct. 23, 2009, 7:55 AM 168,754 19 facebook linkedin twitter email print Eric Schmidt keeps saying it: Google is back in buying mode. The company will be doing "one-a-month acquisitions largely in lieu of hiring." But before Google (GOOG) spends some of its massive pile of cash, maybe it's time for a history lesson. Google's grades and marks → To date, Google's made around 50 purchases. We've graded 13 of them here. Some have been pretty smart -- for examples, look at DoubleClick or Applied Semantics. Others have been silly like Adscape or Jaiku. Looking through the list, it's easy to figure out what Google needs to avoid when it makes decisions about acquisitions: side projects that aren't relevant to its business. If Google can't resist buying one of those companies -- and with Google, it feels inevitable that it can't -- then it needs to figure out how to let the founders build their company within Google. In two instances--Dodgeball and Jaiku--Google bought companies that could have become Twitter. Neither one is still alive. Schmidt says most of Google's coming acquisitions will be small companies. That's good. Our review shows Google is good at is acqui-hiring smart people and plugging them into one of Google's growing products like video, or mobile. Here's Google's grades and marks → image: Flickr/Joi View As: One Page Slides » More: Online Features Google Big Tech Mergers And Acquisitions YouTube facebook linkedin twitter email print Recommended For You Comments Comments on this post are now closed. Insiders 0 All Comments 19 Apply To Be An "Insider" » Loading Grading Google's Acquisitions Grading Google's Acquisitions Google is back in buying mode. Here's a report card on its acquisitions to date. Recommended For You Featured How data is saving the retail industry More "Digital Business Decoded" » 3 types of insurance that can protect your family for years to come More "World 2.0" » Get Tech Emails & Alerts Sign-Up Learn More » Tech Select Tech Chart Of The Day Business Insider Select 10 Things In Tech You Need To Know Mobile Insights BII Mobile Insights More Featured Business Insider Select Tech Select Tech Chart Of The Day Markets Chart Of The Day 10 Things Before the Opening Bell Instant MBA Business Insider Events BI Intelligence Daily Finance Finance Select Markets Select Monday Scouting Report Your Money Select Financial Advisor Insights Smart Investor CFO Insider Prime Finance Strategy Strategy Select Advertising Select Retail Select Careers Select null Politics Politics Select Military Select Life Life Select Transportation Select Education Select Entertainment Select null Tech Enterprise Select Science Select Mobile Chart Of The Day E-Commerce Chart Of The Day Payments Chart Of The Day Digital Media Chart Of The Day IoT Chart of the Day Charts of the Day Sports Chart Of The Day Top 10 Things 10 Things In Tech You Need To Know Closing Bell Sports Sports Latest Deals The Trendsetter Gift Guide Holiday Central Latest Research FREE: Mobile Payments - Everything You Need to Know The Messaging App Report The Internet of Things 2015 Report The Digital Disruption of Retail Banking Read Business Insider On The Go Available for iPhone, iPad, and Android Find A Job Tech Jobs C-Level Jobs Media Jobs Design Jobs Finance Jobs Sales Jobs See All Jobs » Thanks to our partners * Copyright © 2015 Business Insider Inc. All rights reserved. Registration on or use of this site constitutes acceptance of our Terms of Service and Privacy Policy. Disclaimer Commerce Policy Powered by MongoDB Stock quotes by finanzen.net Made in NYC International Editions: UKDEAUSIDINMYSG

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GroupMe to be acquired by Skype - what a birthday present - Business Insider Strategy BI Intelligence Events Trending Tech Finance Politics Strategy Life Sports Video All × From To You have successfully emailed the post. GroupMe to be acquired by Skype - what a birthday present Howard Morgan, WayTooEarly Aug. 22, 2011, 11:31 AM 99 facebook linkedin twitter email print Howard Morgan Howard Morgan is managing partner at First Round Capital Recent Posts Privacy Policies for Mobile Applications Congratulations: Single Platform Acquired by Constant Contact Congratulations: Single Platform Acquired by Constant Contact Last night, GroupMe announced their acquisition by Skype, a great outcome for Jared Hecht and Steve Martocci, and for their investors, First Round Capital included. It was announced a few days after their first anniverary party.   I"ve had a great time working with Jared and Steve - their enthusiasm and work ethic are first rate. I've also had a great time using the product, which has made keeping in touch with my family and friends much easier. I'd write more, but my colleague, Charlie O'Donnell (@CEONYC), who brought this deal in, has said it very well here.  And our coinvestor, David Tisch (@DaveTisch) shows that the focus on investing in people works. All the best to @jared and @Smart  as they build Skype's NYC Social Media presence. Read more posts on WayTooEarly » Read the original article on WayTooEarly. Copyright 2011. More from WayTooEarly: Abra: Innovation in Remittance When Machines Talk, Augury Listens CloudHelix: Understanding and Managing Network Infrastructure facebook linkedin twitter email print Recommended For You Comments Comments on this post are now closed. Insiders 0 All Comments 0 Apply To Be An "Insider" » Loading GroupMe to be acquired by Skype - what a birthday present GroupMe to be acquired by Skype - what a birthday present Last night, GroupMe announced their acquisition by Skype, a great outcome for Jared Hecht and Ste... Recommended For You Featured These high-tech classes are the coolest thing happening in schools today More "Future Now" » Neil deGrasse Tyson and Al Gore on the future of our planet — and everything else More "Innovators" » Get Strategy Emails & Alerts Sign-Up Learn More » Strategy Select Instant MBA Business Insider Select More Featured Business Insider Select Tech Select Tech Chart Of The Day Markets Chart Of The Day 10 Things Before the Opening Bell Instant MBA Business Insider Events BI Intelligence Daily Finance Finance Select Markets Select Monday Scouting Report Your Money Select Financial Advisor Insights Smart Investor CFO Insider Finance Insider Wealth Advisor Select Strategy Strategy Select Advertising Select Retail Select Careers Select 10 Things You Need To Know In Advertising Politics Politics Select Military Select Life Life Select Transportation Select Education Select Entertainment Select Breaking News Tech Enterprise Select Science Select Mobile Chart Of The Day E-Commerce Chart Of The Day Payments Chart Of The Day Digital Media Chart Of The Day IoT Chart of the Day Fintech Briefing Charts of the Day Sports Chart Of The Day Top 10 Things 10 Things In Tech You Need To Know Closing Bell Sports Sports Latest Research Our 25 Top Tech Predictions The Payments Ecosystem Report The Fintech Ecosystem Report The Internet of Things Report Read Business Insider On The Go Available for iPhone, iPad, and Android Find A Job Tech Jobs C-Level Jobs Media Jobs Design Jobs Finance Jobs Sales Jobs See All Jobs » Thanks to our partners * Copyright © 2016 Business Insider Inc. All rights reserved. Registration on or use of this site constitutes acceptance of our Terms of Service and Privacy Policy. Disclaimer Commerce Policy Made in NYC Stock quotes by finanzen.net International Editions: UKDEAUSIDINMYSGPLSE

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Website Recommendation Company Taboola Says It's On Pace To Do $250 Million In Revenue http://www.businessinsider.com/taboola-acquires-perfect-market-2014-8/comments en-us Sun, 26 Jun 2016 06:17:56 -0400 Sun, 26 Jun 2016 06:17:56 -0400 Katie Richards http://static3.businessinsider.com/assets/images/bilogo-250x36-wide-rev.png Business Insider http://www.businessinsider.com

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What Marc Benioff, Stewart Butterfield Said About Salesforce Slack Buy Menu icon A vertical stack of three evenly spaced horizontal lines. Search icon A magnifying glass. It indicates, "Click to perform a search". Insider logo The word "Insider". 0 Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. Log in Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. Subscribe Subscribe Business The word Business Life The word Life News The word News Reviews The word Reviews Search icon A magnifying glass. It indicates, "Click to perform a search". Insider logo The word "Insider". Close icon Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification. 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It often indicates a user profile. Log in Subscribe Subscribe Newsletters World globe An icon of the world globe, indicating different international options." US Edition US INTL Asia Deutschland & Österreich Australia España India Japan México Netherlands Polska South Africa Get the Insider App Click here to learn more A leading-edge research firm focused on digital transformation. See our Research Facebook Icon The letter F. Twitter icon A stylized bird with an open mouth, tweeting. LinkedIn icon The word "in". YouTube icon A play button in the shape of a television screen. Instagram icon A stylized camera. * Copyright © 2022. All rights reserved. Registration on or use of this site constitutes acceptance of our Terms of Service ,  Privacy Policy and Cookies Policy. Sitemap Disclaimer Accessibility Commerce Policy CA Privacy Rights Coupons Made in NYC Jobs Stock quotes by finanzen.net Reprints & Permissions Insider logo The word "Insider". Close icon Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification. Good Subscriber Account active since Shortcuts Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. Profile Newsletters FAQs Subscription Log out US Markets Loading... H M S In the news Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. HOMEPAGE Subscribe Subscribe Premium Home Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. Enterprise Read all the messages that the CEOs of Salesforce and Slack sent their employees about their $27.7 billion tie-up Paayal Zaveri 2020-12-02T22:07:55Z Facebook Icon The letter F. Email icon An envelope. It indicates the ability to send an email. Twitter icon A stylized bird with an open mouth, tweeting. Twitter LinkedIn icon The word "in". LinkedIn Fliboard icon A stylized letter F. Flipboard Link icon An image of a chain link. It symobilizes a website link url. Copy Link Slack CEO Stewart Butterfield and Salesforce CEO Marc Benioff Noah Berger/AFP via Getty Images, Kimberly White/Getty Images for Fortune This story is available exclusively to Insider subscribers. Become an Insider and start reading now. Salesforce announced Tuesday that it is acquiring workplace chat app Slack for a whopping $27.7 billion, its largest deal to-date. The deal represents an aggressive foray into office communication technology for Salesforce as it adapts to a widespread shift to remote work and it spurred the CEOs of both companies to send explanatory messages to their workers.  Read the emails and messages Salesforce CEO Marc Benioff and Slack CEO Stewart Butterfield sent to employees. Visit Business Insider's homepage for more stories. Salesforce announced Tuesday that it's acquiring workplace chat app Slack for a whopping $27.7 billion in its largest deal to-date. The deal represents a much more aggressive foray into office communication technology for Salesforce as it adapts to the adoption of remote work and spurred the CEOs of both firms to send explanatory messages to their teams. "Combining Slack with Salesforce Customer 360 will be transformative for our customers and the industry," Salesforce CEO Marc Benioff sent in a note to Slack employees via Slack CEO Stewart Butterfield, welcoming them to the company. Butterfield also sent his own message to employees, reassuring them that Slack would remain true to itself while also being "part of something bigger": "We're not changing our roadmap, or our brand, or the way we do business. We will still recruit candidates to work at Slack. You will still work at Slack," he wrote. Slack will become an independent operating unit of Salesforce as part of the acquisition, with Butterfield as CEO. "I've always said that in the long run, the measure of our success will be the amount of value we create for our customers," Butterfield wrote. "The most important change here is going to be a big increase in our ability to create that value and fulfill that mission."For Salesforce employees, especially those who, pre-pandemic, worked from its massive tower headquarters in San Francisco, Slack was already top of mind: The companies' offices are just blocks apart, as Benioff acknowledged in a note to workers."We can wave to each from our offices," he wrote. "Together, we'll shape the future of enterprise software and transform the way everyone works in the all-digital, work-from-anywhere world." Read all emails and messages in full below, as published by the SEC:Benioff's email to Salesforce employees"Today is a big day for Salesforce. We announced another record quarter and signed a definitive agreement to acquire Slack, the most innovative enterprise communications platform.Q3 was a phenomenal quarter, and now we're raising our FY21 guidance to $21.11 billion at the high end and initiating FY22 guidance at $25.5 billion. No other major enterprise software company is growing at this rate.We're rapidly moving to an all-digital world, where work happens wherever people are. Our results are being driven by the success of our customers and the relevance of our Customer 360 Platform in this new normal.Companies like Prudential, Accenture, NBC Universal, Telefonica and Zoom , along with governments like the State of California, chose Salesforce in the quarter to help them succeed and grow.I couldn't be more excited about our agreement to acquire Slack. Stewart Butterfield and his team have built one of the most beloved platforms in enterprise software history, with an incredible ecosystem around it. Salesforce and Slack are also neighbors in San Francisco—we can wave to each from our offices.This is a match made in heaven. Together, we'll shape the future of enterprise software and transform the way everyone works in the all-digital, work-from-anywhere world.Combining Slack with Salesforce Customer 360 will be transformative for our customers and the industry—creating the operating system for the new way to work. Together, we'll give companies a single source of truth for their business, and a unified platform for connecting employees, customers and partners with each other and the apps they use every day, all within their existing workflows.We look forward to welcoming the Slack team to the Salesforce Ohana once the transaction closes, which is expected to occur in the second quarter of FY22.You can find more information about the Slack news in our press release and employee FAQ.I also want you to know that our Chief Financial Officer, Mark Hawkins, has decided to retire. He'll remain our CFO through the end of our fiscal year, which ends January 31.At that point, Amy Weaver, currently our president and Chief Legal Officer, will become our president and CFO. Mark will remain with us as an advisor through October 2021, giving us plenty of time to ensure a smooth transition.I want to thank Mark for his important role in our success over the past six years. I'm forever grateful for his leadership and friendship. I'm equally grateful that we have such a strong leader in Amy to turn to as our next CFO. She has played an integral role in the operations of our company as we've scaled, and I couldn't be more thrilled to have her as our next CFO.Finally, I want to invite you to tune in at 9:40 a.m. PT tomorrow for our first-ever virtual Dreamforce keynote — to hear more about Slack and watch as we celebrate our customers' success and unveil even more new innovations across Customer 360.Bret Taylor and I are going to be there live—with every COVID safety protocol followed—joined virtually by special guests from the State of Rhode Island, AT&T, and Bentley Motors to discuss their learnings in managing their organizations through this period. We'll also be joined by Slack CEO Stewart Butterfield to talk about today's news.Thank you for all of your incredible contributions!With gratitude,Marc"Butterfield's message to Slack employees: "As you might have seen (if you were not working and instead watching press releases go across the wire): we just announced that Salesforce is acquiring Slack. You can read the press release here. (link to: https://slack.com/blog/news/salesforce-signs-definitive-agreement-to-acquire-slack)That's a pretty big news bomb. If your head is spinning, I'm sure you're not alone :):anchor: So here's an anchor: We'll still be Slack. I'll still be the CEO. Our mission, vision, objectives, priorities, values and ambitions remain the same.We're not changing our roadmap, or our brand, or the way we do business. We will still recruit candidates to work at Slack. You will still work at Slack.But at the same time we'll be part of something bigger. Salesforce invented the Cloud and, through the course of its first and second decades, has retained the Heavyweight Championship title.Combining our strengths with their perfectly complementary strengths will allow our customers to realize the full potential of our platforms. Their scale will propel us forward. Slack Connect will create entirely new opportunities for the core suite of CRM products. It will be transformative.And over time, some other things will change. But not that much. (Have a look at https://www.mulesoft.com/ and http://www.tableau.com, the websites of Salesforce's last two large acquisitions to get a sense of what it will look like to the outside world. Check out the jobs pages, the about pages, and the way they talk about their products.)And in any case, nothing will change overnight. We have entered into a "definitive agreement" to be acquired, but it doesn't close until it closes. And until it closes there are strict limits on how we can work together. We'll still both be customers and partners of one another, and we can strategize and discuss plans for what we might do post closing, but not much else.So you can expect business as usual until the transaction's anticipated close in the second quarter of FY22, subject to Slack stockholder approval, receipt of required regulatory approvals and other customary closing conditions.I'm sure you have many questions, and I promise there will be plentiful opportunities to raise them. Details on what to expect in the weeks ahead, including two company town halls tomorrow, will shortly follow this message, so watch this space.So far the number one question I've personally received has been "are you excited about this?" If it's not already obvious, the answer is a big, proud, ambitious, optimistic "yes!" I think this is going to be great for customers, for stockholders, and for all of you. The last five years have been amazing. I expect the next five years are going to be bigger and bolder and even more fun, and I believe the impact will be enormous. I think we will redefine how people work together for the better.I've always said that in the long run, the measure of our success will be the amount of value we create for our customers. When we first introduced Slack to the world nearly seven years ago, we declared our mission was to make people's working lives simpler, more pleasant, and more productive. The most important change here is going to be a big increase in our ability to create that value and fulfill that mission. I am incredibly proud of everything we've accomplished together so far, and equally excited about continuing to lead Slack and build the future with you all over the decade to come.There is far too much substance here to convey in a single post and, in any case, we don't yet know all the answers. So I will leave you with this: Our customers and partners are counting on us the same today and tomorrow as they did yesterday. We must continue to run our business and deliver without missing a beat. I believe in this deal because I think it is possible for the combination of us and Salesforce to be a "1+1=7" but for today we have features to build and products to sell and customers to help and a business to operate. Let's go!"Benioff's message to Slack employees"Stewart—Congratulations to you and the entire Slack team! This is a monumental day for our companies, our customers and the industry.Will you please pass this note along to your team?—MarcSlack team—We're thrilled by the opportunity to bring Salesforce together with Slack. Combining Slack with Salesforce Customer 360 will be transformative for our customers and the industry — creating the operating system for the new way to work, a single source of truth for a company's customers and employees, and a unified platform for connecting everyone inside and outside of a company with each other and the apps they use every day, all within their existing workflows.I hope you'll tune into tomorrow at 9:30am PT, when Stewart will be joining our virtual Dreamforce keynote, alongside Salesforce President & COO Bret Taylor and I. We'll also be joined by special guests to celebrate our customers' success and unveil new innovations across Customer 360.And on December 4, Bret will join Stewart for a fireside chat to share more about our vision for the future. Bret joined Salesforce in 2016 via the acquisition of Quip, which he co-founded. Prior to Quip, Bret served as Chief Technology Officer of Facebook, where he was credited with the invention of the "like" button. Bret started his career at Google, where he co-created Google Maps. Please join us: https://www.salesforce.com/dreamforce/I want to thank each and every one of you for your contributions to this phenomenal company. I'm inspired by what you've built and we're excited to welcome the Slack team to the Salesforce Ohana once the transaction closes.With gratitude,Marc" Sign up for notifications from Insider! Stay up to date with what you want to know. Subscribe to push notifications Was this article valuable for you? Yes No Additional comments Email (optional) Receive a selection of our best stories daily based on your reading preferences. Submit Deal icon An icon in the shape of a lightning bolt. For you NOW WATCH: Financial experts share advice on how to invest your money during the coronavirus pandemic More: Salesforce Slack m&a Marc Benioff Stewart Butterfield Enterprise Software Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. 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Copy Link A BlackRock building is seen in New York Thomson Reuters By Jessica Toonkel (Reuters) - BlackRock Inc , the world's largest asset manager is acquiring a San Francisco-based robo-adviser, FutureAdvisor, the firm announced Wednesday morning.Unlike competitors in this space, BlackRock does not plan to target individual investors with the robo-adviser, which offers portfolio management online.Instead the firm hopes to use FutureAdvisor to enable banks, brokerage firms, insurers and 401(k) plans to use the company's digital platform to serve mass affluent investors and millennials, Frank Porcelli, head of BlackRock's U.S. wealth advisory unit, said in an interview.Many banks and brokerage firms over the years have shifted their focus to serve higher net worth investors, leaving an opportunity for firms to target the "mass affluent" investors, or those with less than $1 million in investable assets, Porcelli said. Younger investors are increasingly interested in online advice, as opposed to hiring an adviser, he said.By using FutureAdvisor, financial institutions can either offer these clients a digital advice offering or they can use the offering to complement a broker.Also, the FutureAdvisor platform enables clients to aggregate all of their accounts, which is often a challenge for financial advisers, said Rob Goldstein, chief operating officer and global head of BlackRock Solutions."You have a 401(k), then a bank account, and then maybe one or two brokerage accounts and figuring all of that out as well as the tax components is something that FutureAdvisor is strong at," Goldstein said. Through the acquisition, FutureAdvisor will keep its brand and be part of BlackRock Solutions, the firm's risk management and technology platform.BlackRock, which has $4.7 trillion in assets under management, has been increasingly focused on technology. The firm has been hiring to grow its "big data" team and recently hired a data scientist from Google .Speaking at the Bernstein Strategic Decisions Conference in New York in May, BlackRock CEO Larry Fink said he believed robo-advisers were going to become an element that every major firm would need to offer."Everyone talks about how robo-advisers can't connect with clients," Fink said. "I actually believe those kinds of tools are like an ATM machine. We are all going to have to have it." Terms of the acquisition, which is expected to close in the fourth quarter, were not disclosed. BlackRock said the financial impact of the transaction would not be material to the firm's earnings per share. (Reporting By Jessica Toonkel; Editing by Andrew Hay) Read the original article on Reuters. Copyright 2015. Follow Reuters on Twitter. Newsletter Sign up for the Insider Finance newsletter for an inside look at the billion-dollar deals and personalities dominating Wall Street. 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Open Road Films Acquires Rights To 'jOBS' After Bidding War Over The Ashton Kutcher Flick http://www.businessinsider.com/open-road-films-acquires-rights-to-jobs-after-bidding-war-over-the-ashton-kutcher-flick-2013-1/comments en-us Mon, 30 Nov 2015 12:37:09 -0500 Mon, 30 Nov 2015 12:37:09 -0500 Lucas Shaw http://static3.businessinsider.com/assets/images/bilogo-250x36-wide-rev.png Business Insider http://www.businessinsider.com

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Walmart Acquires Adchemy - Business Insider Tech BI Intelligence Events Trending Tech Finance Politics Strategy Life Sports Video All × From To You have successfully emailed the post. Walmart's Mysterious Adtech Acquisition Has Tongues Wagging Over The Price Jim Edwards May 6, 2014, 4:15 PM 7,114 5 facebook linkedin twitter email print AdchemyMurthy Nukala See Also Ad-block software is approaching 200 million users — here's how publishers are reacting Five must-know retail trends in mobile and social marketing Ad-block software is approaching 200 million users — here's how publishers are reacting @WalmartLabs has acquired Adchemy, the slightly mysterious Foster City, Calif., adtech company that specializes in "semantic search," or trying to develop meaningful, implied search results that go beyond the mere keywords punched into Google. Semantic search could be a huge business, but only if it turns out that software is better at predicting what humans want than the keywords they type in. Business Insider profiled Adchemy's unusual history here — CEO Murthy Nukala took the company through six different business models before today's deal. Adchemy was named on BI's hottest adtech startups in 2013. The company is mysterious for four reasons: First, it took $120 million in investor funding over 10 years, a massive sum for an adtech company that was never able to describe its revenues publicly or file for an IPO, the preferred adtech track. Most adtech companies have taken less funding than that over the years, even the ones that filed publicly. Second, the company is virtually unheard of in New York, the capital of adtech. Successful adtech companies tend to have a presence in the city because that's where all the big ad clients' media agencies are. Third, the true size of Adchemy's business is unknown outside the company. Nukala told Business Insider previously that the company was never profitable, and that it had about 30 clients spending a minimum of $200,000 a year. That would imply a revenue base of just $6 million annually. Fourth, a spokesperson for Walmart declined to say how much the company paid for Adchemy. We have yet to hear back from a spokesperson for Adchemy. With $120 million in funding, investors in the company would have been looking for a very large sum in order to get their money back plus a nice profit. The lack of revenue detail and a question mark over the deal value have set tongues wagging in Silicon Valley, especially among former Adchemy employees. Techcrunch said it was mainly a talent acquisition. The Wall Street Journal added that Nukala would not be joining the Walmart team. One source told Business Insider that he had heard an investor saying the preferred stock holders only got 50 cents on the dollar at maximum (meaning that the company sold for less than what its investors plowed in). Antonio Garcia-Martinez, a former Adchemy employee who left to go work at Facebook where he helped create the social network's ad exchange, posted a long rant on his Facebook page. Much of it is personal criticism of Nukala (who sued him when he left the company). But he gave his opinion of the deal, too: The acquisition price is likely embarrassingly low, otherwise it would have been leaked. SEE ALSO: RANKED: The Hottest Pre-IPO Adtech Startups Of 2014 More: Adchemy Advertising Walmart facebook linkedin twitter email print Recommended For You Comments Comments on this post are now closed. Insiders 0 All Comments 5 Apply To Be An "Insider" » Loading Walmart's Mysterious Adtech Acquisition Has Tongues Wagging Over The Price Walmart's Mysterious Adtech Acquisition Has Tongues Wagging Over The Price @WalmartLabs has acquired Adchemy, the slightly... 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Occupy Philadelphia Protesters Ac quited - Business Insider Law & Order BI Intelligence Events Trending Tech Finance Politics Strategy Life Sports Video All Continue to Business Insider » You will be redirected in seconds. × From To You have successfully emailed the post. Judge Calls Occupy Protesters The 'Most Affable Defendants' She'd Ever Seen Erin Fuchs Mar. 6, 2013, 10:41 AM 9,021 5 facebook linkedin twitter email print Laura Goldman/Naed PhiladelphiaOccupy Philadelphia Protesters (not the ones who were arrested) See Also This photo shows an extremely unusual 'kill marking' on a US Navy plane People's racist Facebook comments are ending up on billboards near their homes This $3 billion startup with no outside investors could turn out to be the most successful tech IPO of the year A judge made an unusual move after a jury acquitted a dozen Occupy Philadelphia protesters of trespassing Tuesday, the Philadelphia Inquirer reports. Judge Nina N. Wright Padilla stepped off the bench and asked all the defendants if she could shake their hands. She called them the "most affable group of defendants I've ever come across." The Occupy defendants were arrested while protesting Wells Fargo mortgage policies they deemed "racist predatory lending," according to the Inquirer. Last summer Wells Fargo paid the federal government $175 million to settle claims that it gave blacks and Hispanics risky mortgages while giving whites lower-interest loans. The jury trial left the Occupy defendants fighting Wells Fargo's policies with a sense that they were in the right after all, the Inquirer reported. "If this jury has found us innocent, then it must mean that Wells Fargo is guilty," 71-year-old Willard R. Johnson said after trial. SEE ALSO: Wealth Inequality Is MUCH Worse Than You Realize More: Law and Order Philadelphia Occupy Philadelphia Wells Fargo facebook linkedin twitter email print Recommended For You Comments Comments on this post are now closed. Insiders 0 All Comments 5 Apply To Be An "Insider" » Loading Judge Calls Occupy Protesters The 'Most Affable Defendants' She'd Ever Seen Judge Calls Occupy Protesters The 'Most Affable Defendants' She'd Ever Seen "I hope you continue you work in a law-abiding way." Your Editor (online now) Erin Fuchs × From Body Thank you for your input. Close Recommended For You Featured How data is saving the retail industry More "Digital Business Decoded" » 3 types of insurance that can protect your family for years to come More "World 2.0" » Get Law & Order Emails & Alerts Sign-Up Learn More » Law & Order Select More Featured Business Insider Select Tech Select Tech Chart Of The Day Markets Chart Of The Day 10 Things Before the Opening Bell Instant MBA Business Insider Events BI Intelligence Daily Finance Finance Select Markets Select Monday Scouting Report Your Money Select Financial Advisor Insights Smart Investor CFO Insider Prime Finance Strategy Strategy Select Advertising Select Retail Select Careers Select null Politics Politics Select Military Select Life Life Select Transportation Select Education Select Entertainment Select null Tech Enterprise Select Science Select Mobile Chart Of The Day E-Commerce Chart Of The Day Payments Chart Of The Day Digital Media Chart Of The Day IoT Chart of the Day Charts of the Day Sports Chart Of The Day Top 10 Things 10 Things In Tech You Need To Know Closing Bell Sports Sports Latest Deals The Trendsetter Gift Guide Holiday Central Latest Research FREE: Mobile Payments - Everything You Need to Know The Messaging App Report The Internet of Things 2015 Report The Digital Disruption of Retail Banking Read Business Insider On The Go Available for iPhone, iPad, and Android Find A Job Tech Jobs C-Level Jobs Media Jobs Design Jobs Finance Jobs Sales Jobs See All Jobs » Thanks to our partners * Copyright © 2015 Business Insider Inc. All rights reserved. Registration on or use of this site constitutes acceptance of our Terms of Service and Privacy Policy. Disclaimer Commerce Policy Powered by MongoDB Stock quotes by finanzen.net Made in NYC International Editions: UKDEAUSIDINMYSG

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Marissa Mayer Sets 2015 Goal For Yahoo Mobile Dominance, Achieved Through Acquisition - Business Insider Login   Login Username Password Remember me Forgot username or password? 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Enter your email address and zip code to set up customized email alerts. Email Zip From To Email Sent! You have successfully emailed the post. Marissa Mayer Sets 2015 Goal For Yahoo Mobile Dominance, Mentions Acqui-Hires Nicholas Carlson | Sep. 25, 2012, 5:39 PM | 9,526 | 10 Email More Share on Tumblr Tweet Email Share on Tumblr kevinkrejci  See Also GOOGLE-YOUTUBE VETERAN: OK, Marissa Mayer, Here's How To Not Screw Up Tumblr That Time Marissa Mayer Stormed Out Of A Meeting After A Blogging Acquisition The Truth About Tumblr: Its Numbers Are Significantly Worse Than You Think One of Yahoo's biggest problems is that it is a desktop Web company, dependent on desktop Web users, who check their desktop Web mail. By the end of this decade, more people will be connected to the Internet through their mobile devices than their desktop computers. Already, Web-based email usage – Yahoo's crown jewel product – is declining. Teens prefer text and adults check their mail from their phones. So, when new Yahoo CEO Marissa Mayer held an all-hands meeting today to describe her turnaround plan for the company, mobile was at the forefront of everyone's mind. Mayer addressed the problem. She said that by 2015, Yahoo will have mobile products that hundreds of millions of users touch every day. She didn't discuss specific product ideas. We're told she mentioned one tool she will use is "acqui-hires," which are when a company like Yahoo buys a startup not for its product, but for its talented engineers. Click here to read more details from Mayer's all-hands meeting >> Recommended For You Please follow SAI on Twitter and Facebook. Follow Nicholas Carlson on Twitter. 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She was previously the vice president of geographic and local services at the search engine company Google. She acted as a gatekeeper for their product release... More » Yahoo Summary Yahoo! is an American public corporation that provides Internet services worldwide. The website was founded by David Filo and Jerry Yang, Ph.D., candidates in Electrical Engineering at Stanford University, in February 1994... More » Nicholas Carlson Contact: e-mail: nicholas@businessinsider.com AIM: AlleyInsider Work Phone: 646-376-6014 Subscribe to his RSS feed | twitter feed View his Google+ profile Ask Nicholas a Question Recent Posts Google Considers Outbidding... One of Yahoo's top designer... Ben Ling Turns His 'Hobby' ... Comments on this post are now closed. The Water Cooler Insiders 0   All Comments 10   Apply To Be An "Insider" » Loading Apply To Be An "Insider" » Marissa Mayer Sets 2015 Goal For Yahoo Mobile Dominance, Mentions Acqui-Hires Marissa Mayer Sets 2015 Goal For Yahoo Mobile Dominance, Mentions Acqui-Hires One of Yahoo's biggest problems is that it is a desktop Web company. Welcome, ! You are logged into Facebook Social: | Your Activity | These articles have been shared on your timeline. You can remove them here: Options Notify me when a story is shared. Yes No Welcome, ! You are logged in with Google Social: | Your Activity | These articles have been added to your Google activity log. You can remove them here: Options Notify me when a story is shared. Yes No Send Us A Tip! 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It often indicates a user profile. Log in Subscribe Subscribe Newsletters World globe An icon of the world globe, indicating different international options." US Edition US INTL Asia Deutschland & Österreich Australia España India Japan México Netherlands Polska South Africa Get the Insider App Click here to learn more A leading-edge research firm focused on digital transformation. See our Research Facebook Icon The letter F. Twitter icon A stylized bird with an open mouth, tweeting. LinkedIn icon The word "in". YouTube icon A play button in the shape of a television screen. Instagram icon A stylized camera. * Copyright © 2022. All rights reserved. Registration on or use of this site constitutes acceptance of our Terms of Service ,  Privacy Policy and Cookies Policy. Sitemap Disclaimer Accessibility Commerce Policy CA Privacy Rights Coupons Made in NYC Jobs Stock quotes by finanzen.net Reprints & Permissions Insider logo The word "Insider". Close icon Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification. Good Subscriber Account active since Shortcuts Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. Profile Newsletters FAQs Subscription Log out US Markets Loading... H M S In the news Close icon Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification. Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. HOMEPAGE Subscribe Subscribe Home Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. Advertising Accenture has acquired one of the biggest digital agencies in Germany Julien Rath 2017-02-20T14:16:21Z Facebook Icon The letter F. Email icon An envelope. It indicates the ability to send an email. Twitter icon A stylized bird with an open mouth, tweeting. Twitter LinkedIn icon The word "in". LinkedIn Fliboard icon A stylized letter F. Flipboard Link icon An image of a chain link. It symobilizes a website link url. Copy Link Head of Accenture Interactive Brian Whipple is building an ad agency competitor. Accenture Accenture Interactive announced on Monday it is acquiring 62% of the German digital agency SinnerSchrader.The agency, which went public in 1999, was ranked the sixth biggest digital agency in Germany last year by the advertising news website Horizont. SinnerSchrader has 448 employees and generated €47 million in revenue in 2016.Accenture's offer of €9 a share values SinnerSchrader at just over €100 million. Accenture plans to offer the remaining shareholders the same share price to complete a full takeover.In a statement emailed to Business Insider, Accenture said the acquisition would help it deepen and scale its capabilities in creating customer experiences.Brian Whipple, head of Accenture Interactive, said in the statement:"With SinnerSchrader, we continue to build out Accenture Interactive’s position as a leading digital customer experience agency." This is Accenture Interactive's tenth acquisition since 2013 as it increasingly competes with advertising agencies. Its biggest move last year was the acquisition of UK-based creative shop Karmarama.Consultancy firms and systems integrators are increasingly moving into advertising agency territory.Last year, IBM bought two German agencies, ecx.io and Aperto, to help build out its growing digital agency business iX. Also in 2016, Deloitte acquired creative agency Heat. Sign up for notifications from Insider! Stay up to date with what you want to know. Subscribe to push notifications Deal icon An icon in the shape of a lightning bolt. Keep reading Newsletter Get a daily selection of our top stories based on your reading preferences. Loading Something is loading. Email address By clicking ‘Sign up’, you agree to receive marketing emails from Insider as well as other partner offers and accept our Terms of Service and Privacy Policy. SEE ALSO: Interpublic wants to become a business transformation consultancy NOW WATCH: A Microsoft EVP explains how every company is becoming digital — from farming to staffing More: Accenture Interactive Advertising Agencies Consulting Close icon Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification. Recommended Video Follow us on: * Copyright © 2022 Insider Inc. All rights reserved. Registration on or use of this site constitutes acceptance of our Terms of Service ,  Privacy Policy and Cookies Policy . 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Analysts Predict Zoom Could Acquire Smartsheet, Dropbox in 2021 Menu icon A vertical stack of three evenly spaced horizontal lines. Search icon A magnifying glass. It indicates, "Click to perform a search". Insider logo The word "Insider". 0 Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. Log in Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. Subscribe Subscribe Business The word Business Life The word Life News The word News Reviews The word Reviews Search icon A magnifying glass. It indicates, "Click to perform a search". Insider logo The word "Insider". Close icon Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification. 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It often indicates a user profile. Log in Subscribe Subscribe Newsletters World globe An icon of the world globe, indicating different international options." US Edition US INTL Asia Deutschland & Österreich Australia España France India Japan México Netherlands Polska South Africa Get the Insider App Click here to learn more A leading-edge research firm focused on digital transformation. See our Research Facebook Icon The letter F. Twitter icon A stylized bird with an open mouth, tweeting. LinkedIn icon The word "in". YouTube icon A play button in the shape of a television screen. Instagram icon A stylized camera. * Copyright © 2021. All rights reserved. Registration on or use of this site constitutes acceptance of our Terms of Service ,  Privacy Policy and Cookies Policy. Sitemap Disclaimer Accessibility Commerce Policy CA Privacy Rights Coupons Made in NYC Jobs Stock quotes by finanzen.net Reprints & Permissions Insider logo The word "Insider". Close icon Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification. Good Subscriber Account active since Shortcuts Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. Profile Newsletters FAQs Subscription Log out US Markets Loading... H M S In the news Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. HOMEPAGE Subscribe Subscribe Premium Home Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. Enterprise Zoom could acquire Smartsheet and Dropbox to become a 'collaboration titan' that competes with Microsoft and Google, analyst predicts Paayal Zaveri 2020-12-20T15:00:00Z Facebook Icon The letter F. Email icon An envelope. It indicates the ability to send an email. Twitter icon A stylized bird with an open mouth, tweeting. Twitter LinkedIn icon The word "in". LinkedIn Fliboard icon A stylized letter F. Flipboard Link icon An image of a chain link. It symobilizes a website link url. Copy Link Eric Yuan, CEO of Zoom Video Communications takes part in a bell ringing ceremony at the NASDAQ MarketSite in New York Reuters This story is available exclusively to Insider subscribers. Become an Insider and start reading now. Analysts at RBC Capital Markets predict that Zoom could buy Smartsheet and Dropbox in 2021 to compete more effectively with behemoths like Microsoft and Google.  With Dropbox and Smartsheet, Zoom could create a "unified, broad bundle of solutions that's not just about video and voice, but also what you do after the meeting and what you do before the meeting," on analyst told Business Insider. If Zoom were to acquire both companies, it could generate about 60% more revenue than it can as a standalone company, the analysts said.  RBC analysts aren't the only ones. Wedbush's Dan Ives and D.A. Davidson's Rishi Jaluria both anticipate more M&A and consolidation in the collaboration space next year, with smaller companies like Dropbox and Smartsheet as key targets.  Visit Business Insider's homepage for more stories. The equity-research firm RBC Capital Markets made some bold predictions for what Zoom could do in 2021 to become a dominant player in the collaboration space and compete more effectively with behemoths like Microsoft and Google. Zoom could acquire Smartsheet and Dropbox to create a "collaboration titan," RBC wrote in its 2021 software outlook report. Analysts cited Salesforce's recent blockbuster acquisition of Slack as creating a key moment for other collaboration players to think about how the market is evolving to favor product suites over individual tools. Additionally, Zoom's unprecedented rise this year may have it looking to diversify its product portfolio in the future. "We believe Zoom's unmatched share gains and market pull-forward will force the company to more urgently think about its growth ambitions, especially in 2022 as incremental video conferencing gains will be harder, and thus the company's growth will rely on Zoom Phone or other new products (both internally developed and acquired)," RBC analysts wrote.To buy Smartsheet, RBC predicts that Zoom would need about 24 million shares, while it would need about 26 million shares to compensate Dropbox shareholders. Smartsheet's market cap on Friday was about $8.8 billion and Dropbox's was about $9.7 billion. Zoom's market cap, meanwhile, was about $116 billion, over five times its value at the beginning of 2020.  If Zoom were to acquire both companies, it could generate about 60% more revenue than it can as a standalone company, the analysts predict. Why combining with Smartsheet and Dropbox could help Zoom competeUltimately, these acquisitions would make Zoom a more effective competitor, long-term, to Microsoft, RBC's Alex Zukin told Business Insider. With Dropbox and Smartsheet, Zoom could create a "unified, broad bundle of solutions that's not just about video and voice, but also what you do after the meeting and what you do before the meeting," Zukin saidMicrosoft, meanwhile, is "laser focused on Zoom" and making sure the market knows about the "power of the Microsoft portfolio," he said. Consolidation would also bring advantages like better pricing and go-to-market strategies, as well as a more unified product vision, RBC analysts wrote. They note that Dropbox has impressive scale, but lacks enterprise distribution, something Zoom does have. RBC analysts aren't the only ones who anticipate more M&A and consolidation in the collaboration space next year.Right now only 35% of company workloads are run on the cloud, but that number is expected to grow to 55% by 2022, spurred in part by accelerated digital transformation due to remote work and the pandemic, Wedbush analyst Dan Ives wrote in a note to clients in November. That means the "the overall cloud ecosystem is poised to see an influx of spending (as well as M&A) over the next few years," he wrote. D.A. Davidson analyst Rishi Jaluria said in November that the collaboration space is "crowded" with a number of smaller companies and that Dropbox, PagerDuty, Asana, and Smartsheet could be acquisition targets for larger cloud companies.Ultimately, RBC said "COVID has accelerated the convergence of communications, and expect more companies with footholds in one category to expand into others in an effort to consolidate budgets at a time of heightened focus on creating a better experience for both customers and employees through modern digital communications software."Got a tip? Contact this reporter via email at pzaveri@businessinsider.com or Signal at 925-364-4258. (PR pitches by email only, please.) You can also contact Business Insider securely via SecureDrop. Sign up for notifications from Insider! Stay up to date with what you want to know. Subscribe to push notifications Was this article valuable for you? Yes No Additional comments Email (optional) Receive a selection of our best stories daily based on your reading preferences. Submit Deal icon An icon in the shape of a lightning bolt. For you NOW WATCH: How this company saved thousands of flowers during the pandemic More: Zoom Smartsheet Dropbox m&a Collaboration Microsoft Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. Deal icon An icon in the shape of a lightning bolt. For you Follow us on: * Copyright © 2021 Insider Inc. All rights reserved. Registration on or use of this site constitutes acceptance of our Terms of Service ,  Privacy Policy and Cookies Policy . 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Etsy Completes Its Biggest Acquisition Yet http://www.businessinsider.com/etsy-biggest-acquisition-2014-6/comments en-us Tue, 31 May 2016 10:22:27 -0400 Tue, 31 May 2016 10:22:27 -0400 Maya Kosoff http://static3.businessinsider.com/assets/images/bilogo-250x36-wide-rev.png Business Insider http://www.businessinsider.com

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Say Media Acquires ReadWriteWeb, Dan Frommer Becomes Editor-At-Large - Business Insider Tech BI Intelligence Events Trending Tech Finance Politics Strategy Life Sports Video All × From To You have successfully emailed the post. SAY Media Has Made Two Acquisitions: ReadWriteWeb And Dan Frommer Alyson Shontell Dec. 14, 2011, 10:17 AM 910 7 facebook linkedin twitter email print See Also An airline expert just revealed the secret to booking cheap flight tickets, but it's not doing so in advance 2 siblings have inherited a disease that will stop them from ever sleeping again, but they don't know when it will strike The crisis in the Republican Party is even worse than it looks SAY Media has acquired tech blog ReadWriteWeb. In addition, Dan Frommer is joining ReadWriteWeb as Editor-at-Large. Frommer will help fill the void Marshall Kirkpatrick left when he parted from the tech blog last month. It's a part-time commitment from Frommer, who was a founding editor of Business Insider. He left in July to pursue a career as an entrepreneur, which he will continue alongside ReadWriteWeb. SAY Media, an advertising network that sells across a number of blogs, reaches 75 million people every month. ReadWriteWeb contributes about 850,000 monthly uniques. (SAY Media is the ad network for Frommer's personal blog SplatF, which he will continue to operate.) "I think [ReadWriteWeb] has a great audience of business influencers and decision-makers," SAY Media president TroyYoung told Anthony Ha of AdWeek, who first reported the news. "I think it has a point of view, really passionate editors, everything we look for in a property." Troy indicated more people will be hired under Frommer to buff up ReadWriteWeb's reach and content. You can also expect a ReadWriteWeb redesign in the near future. The tech blog will be integrated into SAY's publishing platform.  ReadWrite Web was founded in 2003 by Richard MacManus. The acquisition amount has not been disclosed. Frommer declined to comment but he did tweet: "Happy to be joining @RWW as Editor-At-Large, under its new ownership at SAY Media. I will to continue to write @SplatF." NOW WATCH: This is what happens to your brain and body when you check your phone before bed Loading video... More: Blogging facebook linkedin twitter email print Recommended For You Comments Comments on this post are now closed. Insiders 0 All Comments 7 Apply To Be An "Insider" » Loading SAY Media Has Made Two Acquisitions: ReadWriteWeb And Dan Frommer SAY Media Has Made Two Acquisitions: ReadWriteWeb And Dan Frommer Frommer will be joining as RWW's Editor-at-Large. Recommended For You Featured Neil deGrasse Tyson and Al Gore on the future of our planet — and everything else More "Innovators" » My husband and I are business partners who just had our first child — here's how we make it work More "What Matters" » Get Tech Emails & Alerts Sign-Up Learn More » Tech Select Tech Chart Of The Day Business Insider Select 10 Things In Tech You Need To Know Mobile Insights BII Mobile Insights More Featured Business Insider Select Tech Select Tech Chart Of The Day Markets Chart Of The Day 10 Things Before the Opening Bell Instant MBA Business Insider Events BI Intelligence Daily Finance Finance Select Markets Select Monday Scouting Report Your Money Select Financial Advisor Insights Smart Investor CFO Insider Finance Insider Wealth Advisor Select Strategy Strategy Select Advertising Select Retail Select Careers Select 10 Things You Need To Know In Advertising Politics Politics Select Military Select Life Life Select Transportation Select Education Select Entertainment Select Breaking News Tech Enterprise Select Science Select Mobile Chart Of The Day E-Commerce Chart Of The Day Payments Chart Of The Day Digital Media Chart Of The Day IoT Chart of the Day Fintech Briefing Charts of the Day Sports Chart Of The Day Top 10 Things 10 Things In Tech You Need To Know Closing Bell Sports Sports Latest Research Our 25 Top Tech Predictions The Payments Ecosystem Report The Fintech Ecosystem Report The Internet of Things Report Read Business Insider On The Go Available for iPhone, iPad, and Android Find A Job Tech Jobs C-Level Jobs Media Jobs Design Jobs Finance Jobs Sales Jobs See All Jobs » Thanks to our partners * Copyright © 2016 Business Insider Inc. All rights reserved. Registration on or use of this site constitutes acceptance of our Terms of Service and Privacy Policy. Disclaimer Commerce Policy Stock quotes by finanzen.net Made in NYC International Editions: UKDEAUSIDINMYSG

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Jos. a. Bank Will Buy Eddie Bauer for $8 Menu icon A vertical stack of three evenly spaced horizontal lines. Search icon A magnifying glass. It indicates, "Click to perform a search". Insider logo The word "Insider". 0 Newsletters Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. Log in Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. Subscribe Business The word Business Life The word Life News The word News Reviews The word Reviews Business Tech Finance Markets Strategy Retail Advertising Healthcare Intelligence Life Entertainment Culture Travel Food Health Parenting Beauty Style News Politics Military & Defense Sports Opinion Reviews Tech Streaming Home Kitchen Style Beauty Gifts Deals Pets Parenting Coupons Health Learning Hobbies & Crafts Travel All A-Z Advertising Business Careers Coupons DoorDash Walmart Dell Staples Under Armour Culture Design Entertainment Executive Lifestyle Finance Food Health Healthcare Intelligence Latest Life Markets Insider Media Military & Defense News Opinion People Personal Finance Banking Credit Cards Insurance Investing Loans Mortgages Politics Premium Retail Reviews Science Sports Strategy Tech Transportation Travel TV Beauty Explorers Best in Town Bonkers Closets Festival Foodies Movies Insider Pop Culture Decoded The Making Of The Ultimate List Featured Better Capitalism Cities Connected Insider TV Master Your Money Next Stop Sustainable Finance Transforming Business About About Advertise Careers Contact Us Corporate Corrections Policy Follow RSS Sitemap Facebook Twitter Instagram YouTube LinkedIn Subscriptions Intelligence Premium Close icon Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification. Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. HOMEPAGE 0 Newsletters Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. Log in Subscribe Home Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. Retail Jos. A. Bank will buy Eddie Bauer for $8 Matthew Boesler 2014-02-14T11:15:30Z Save Article Icon A bookmark Facebook Icon The letter F. Email icon An envelope. It indicates the ability to send an email. Share icon An curved arrow pointing right. Twitter icon A stylized bird with an open mouth, tweeting. Twitter LinkedIn icon The word "in". LinkedIn Fliboard icon A stylized letter F. Flipboard Facebook Icon The letter F. Facebook Email icon An envelope. It indicates the ability to send an email. Email Link icon An image of a chain link. It symobilizes a website link url. Copy Link Download the app Redeem now Jos. A. Bank will buy Eddie Bauer for $827.2 million. The acquirer will pay $554 million in cash and the remainder in 4.7 million newly-issued shares valued at $56 each. Sign up for notifications from Insider! Stay up to date with what you want to know. Subscribe to push notifications Deal icon An icon in the shape of a lightning bolt. Keep reading Newsletter Sign up for our newsletter to receive our top stories based on your reading preferences — delivered daily to your inbox. Loading Something is loading. Email address By clicking ‘Sign up’, you agree to receive marketing emails from Insider as well as other partner offers and accept our Terms of Service and Privacy Policy. More: Retail Follow us on: * Copyright © 2022 Insider Inc. All rights reserved. Registration on or use of this site constitutes acceptance of our Terms of Service ,  Privacy Policy and Cookies Policy . Contact Us Sitemap Disclaimer Accessibility Commerce Policy Advertising Policies CA Privacy Rights Coupons Made in NYC Jobs @ Insider Stock quotes by finanzen.net Reprints & Permissions International Editions: United States US International INTL Asia AS Deutschland & Österreich AT Deutschland DE España ES India IN Japan JP México MX Netherlands NL Polska PL South Africa ZA

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Google Acquires Search Startup Aardvark For $50 Million http://www.businessinsider.com/google-acquires-aardvark-for-50-million-2010-2/comments en-us Wed, 31 Dec 1969 19:00:00 -0500 Sat, 30 Apr 2016 16:06:19 -0400 Nicholas Carlson http://www.businessinsider.com/c/4c557f1d7f8b9a7047cb0400 kevinmcleods Sun, 01 Aug 2010 10:05:17 -0400 http://www.businessinsider.com/c/4c557f1d7f8b9a7047cb0400 Car hire in Faro is a must, given that there are many worthwhile places of interest in any given direction out of the city. Faro car hire allows exploration of the swathes of beautiful local beaches, and the charming towns and fishing villages that lie between, as well as the dramatic coastal scenery and the Monchique Mountain region. Car hire in Faro is a must, given that there are many worthwhile places of interest in any given direction out of the city... Car hire is a convenient way to visit any number of outlying destinations. Perhaps take a trip to Tavira, which has a very rich historical past that is most evident in its buildings and town planning. Or use your car rental to discover Portimão, west of Faro, with its excellent shopping and dining. Alternatively, experience the vibrant, ancient market town of Loulé, which lies in the foothills amongst Roman and Moorish ruins. As well as these options, <a href="http://www.elephantcarrental.com/car-rental-portugal/hertz-car-rental-faro-airport.htm">Hertz Faro</a> gives you easy access to a number of water parks, and combined zoos / marine parks, not to mention the impressive caverns of Ponte Grande and the underwater caves of Grutas do Xorino. Arranging to pick up your car hire from Faro airport is the most convenient option for most travellers, as you can use it to transfer to your holiday accommodation as well as for day trips. Book online in advance for cheap car hire in Faro and to avoid the hassle of hunting for good prices at the airport. http://www.businessinsider.com/c/4b7453b70000000000797efb Bruno Thu, 11 Feb 2010 14:00:05 -0500 http://www.businessinsider.com/c/4b7453b70000000000797efb Maybe they do and this exit is their way to get funding for their next idea. Not every startup idea can turn into a "real company" as you put it, but a very large number of them are worth developing so it can be commercialized within an existing company that acquires it once its proven that people actually want this. http://www.businessinsider.com/c/4b7446520000000000b43fc3 James Thu, 11 Feb 2010 13:02:58 -0500 http://www.businessinsider.com/c/4b7446520000000000b43fc3 This is a a classic opportunism case. Seems like these guys had never meant to built a real company. http://www.businessinsider.com/c/4b743fea0000000000d6cab3 hello Thu, 11 Feb 2010 12:35:38 -0500 http://www.businessinsider.com/c/4b743fea0000000000d6cab3 make it rain.make it rain.make it rain. make it rain. make it rain.make it rain.make it rain. make it rain. http://www.businessinsider.com/c/4b743f5f0000000000282990 Lucky Jim Thu, 11 Feb 2010 12:33:19 -0500 http://www.businessinsider.com/c/4b743f5f0000000000282990 Hmmm. I've been telling you... Google Buzz is all about mobility. Damn the GMail thingie, go check the Buzz app for iPhone or Android. It rocks. Now see how Aardvarks fits on it.

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GroupMe to be acquired by Skype - what a birthday present - Business Insider Strategy BI Intelligence Events Trending Tech Finance Politics Strategy Life Sports Video All Continue to Business Insider » You will be redirected in seconds. × From To You have successfully emailed the post. GroupMe to be acquired by Skype - what a birthday present Howard Morgan, WayTooEarly Aug. 22, 2011, 11:31 AM 0 facebook linkedin twitter email print Howard Morgan Howard Morgan is managing partner at First Round Capital Recent Posts Privacy Policies for Mobile Applications Congratulations: Single Platform Acquired by Constant Contact Congratulations: Single Platform Acquired by Constant Contact Last night, GroupMe announced their acquisition by Skype, a great outcome for Jared Hecht and Steve Martocci, and for their investors, First Round Capital included. It was announced a few days after their first anniverary party.   I"ve had a great time working with Jared and Steve - their enthusiasm and work ethic are first rate. I've also had a great time using the product, which has made keeping in touch with my family and friends much easier. I'd write more, but my colleague, Charlie O'Donnell (@CEONYC), who brought this deal in, has said it very well here.  And our coinvestor, David Tisch (@DaveTisch) shows that the focus on investing in people works. All the best to @jared and @Smart  as they build Skype's NYC Social Media presence. Read more posts on WayTooEarly » Read the original article on WayTooEarly. Copyright 2011. More from WayTooEarly: Abra: Innovation in Remittance When Machines Talk, Augury Listens CloudHelix: Understanding and Managing Network Infrastructure facebook linkedin twitter email print Recommended For You Comments Comments on this post are now closed. Insiders 0 All Comments 0 Apply To Be An "Insider" » Loading GroupMe to be acquired by Skype - what a birthday present GroupMe to be acquired by Skype - what a birthday present Last night, GroupMe announced their acquisition by Skype, a great outcome for Jared Hecht and Ste... Recommended For You Featured How data is saving the retail industry More "Digital Business Decoded" » 3 types of insurance that can protect your family for years to come More "World 2.0" » Get Strategy Emails & Alerts Sign-Up Learn More » Strategy Select Instant MBA Business Insider Select More Featured Business Insider Select Tech Select Tech Chart Of The Day Markets Chart Of The Day 10 Things Before the Opening Bell Instant MBA Business Insider Events BI Intelligence Daily Finance Finance Select Markets Select Monday Scouting Report Your Money Select Financial Advisor Insights Smart Investor CFO Insider Prime Finance Strategy Strategy Select Advertising Select Retail Select Careers Select null Politics Politics Select Military Select Life Life Select Transportation Select Education Select Entertainment Select null Tech Enterprise Select Science Select Mobile Chart Of The Day E-Commerce Chart Of The Day Payments Chart Of The Day Digital Media Chart Of The Day IoT Chart of the Day Charts of the Day Sports Chart Of The Day Top 10 Things 10 Things In Tech You Need To Know Closing Bell Sports Sports Latest Deals The Thanksgiving Store Countdown to Black Friday - Deals of the Week The Trendsetter Gift Guide Holiday Central Latest Research FREE: Mobile Payments - Everything You Need to Know The Messaging App Report The Internet of Things 2015 Report The Digital Disruption of Retail Banking Read Business Insider On The Go Available for iPhone, iPad, and Android Find A Job Tech Jobs C-Level Jobs Media Jobs Design Jobs Finance Jobs Sales Jobs See All Jobs » Thanks to our partners * Copyright © 2015 Business Insider Inc. All rights reserved. Registration on or use of this site constitutes acceptance of our Terms of Service and Privacy Policy. Disclaimer Commerce Policy Powered by MongoDB Stock quotes by finanzen.net Made in NYC International Editions: UKDEAUSIDINMYSG

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Amazon Is Acquiring Wi-Fi Router Company eero Menu icon A vertical stack of three evenly spaced horizontal lines. Search icon A magnifying glass. It indicates, "Click to perform a search". Insider logo The word "Insider". 0 Newsletters Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. Log in Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. Subscribe Subscribe Business The word Business Life The word Life News The word News Reviews The word Reviews Business Tech Finance Markets Strategy Retail Advertising Healthcare Intelligence Life Entertainment Culture Travel Food Health Parenting Beauty Style News Politics Military & Defense Sports Opinion Reviews Tech Streaming Home Kitchen Style Beauty Gifts Deals Pets Parenting Coupons Health Learning Hobbies & Crafts Travel All A-Z Advertising Business Careers Coupons DoorDash Walmart Dell Staples Under Armour Culture Design Entertainment Executive Lifestyle Finance Food Health Healthcare Intelligence Latest Life Markets Insider Media Military & Defense News Opinion People Personal Finance Politics Premium Retail Reviews Science Sports Strategy Tech Transportation Travel TV Beauty Explorers Best in Town Bonkers Closets Festival Foodies Movies Insider Pop Culture Decoded The Making Of The Ultimate List Featured Better Capitalism Cities Connected Insider TV Master Your Money Next Stop Sustainable Finance Transforming Business About About Advertise Careers Contact Us Corporate Corrections Policy Follow RSS Sitemap Facebook Twitter Instagram YouTube LinkedIn Subscriptions Intelligence Premium US Markets Loading... H M S In the news Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. HOMEPAGE 0 Newsletters Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. Log in Subscribe Subscribe Premium Home Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. Tech Amazon is acquiring Wi-Fi router company Eero, which helps blanket your entire home with a strong wireless-internet signal Becky Peterson and Matt Weinberger 2019-02-11T22:02:45Z Save Article Icon A bookmark Facebook Icon The letter F. Email icon An envelope. It indicates the ability to send an email. Share icon An curved arrow pointing right. Twitter icon A stylized bird with an open mouth, tweeting. Twitter LinkedIn icon The word "in". LinkedIn Fliboard icon A stylized letter F. Flipboard Link icon An image of a chain link. It symobilizes a website link url. Copy Link Download the app Amazon CEO Jeff Bezos. Reuters This story is available exclusively to Insider subscribers. Become an Insider and start reading now. Amazon is acquiring Eero, the pioneering Wi-Fi router company. Terms of the deal were not disclosed.Eero makes "mesh" Wi-Fi routers, which help blanket even the largest spaces with a strong wireless-internet signal. It's Amazon's latest big-ticket smart-home acquisition, following home-security companies Blink and Ring. Eero continues to face strong competition from the likes of Netgear, Linksys, and even Google.Amazon is acquiring the home "mesh" Wi-Fi router company Eero, the companies announced in a press release on Monday.The deal is the latest indication of Amazon's expansive effort to control the electronic "plumbing" of modern homes and lifestyles, adding to a lineup of Amazon products that includes smart speakers and internet-connected doorbell cameras.Amazon did not disclose the financial terms of the deal, though it said the deal was subject to "customary closing conditions."Eero was last valued at $215 million in a Series D funding round in 2017, according to PitchBook. It's backed by firms such as Qualcomm and Shasta Ventures.The 5-year-old company was one of the pioneers of mesh networking: Rather than relying on one Wi-Fi router to cover an entire home or office, Eero provides customers with several smaller routers. Each Eero Beacon added to the system improves the Wi-Fi coverage by 1,000 square feet, the company said, bringing a strong Wi-Fi signal to all corners of an area — even in the largest of spaces. "We are incredibly impressed with the eero team and how quickly they invented a Wi-Fi solution that makes connected devices just work," Dave Limp, senior vice president of Amazon devices and services, said in a statement. "We have a shared vision that the smart home experience can get even easier, and we're committed to continue innovating on behalf of customers." The Eero router. Eero One Eero router retails at $199, and each range-extending Eero Beacon costs $149. In addition to the routers, Eero offers the Eero Plus cybersecurity service for $99 a year. The service offers customers access to premium tools for password management, secure web browsing, and other perks. A spokesperson for Amazon says that Eero will continue to support the routers after the acquisition, as before. The company also says that it has no plans to track customer web usage via the Eero router. It's easy to see where this might fit in with Amazon's larger plans. Amazon's flagship line of Echo smart speakers relies on Wi-Fi to function, and Ring and Blink, which the company recently acquired, both make a wide range of Wi-Fi-connected home-security gear. By acquiring Eero, Amazon gets to add another layer to its line of smart-home products. At the same time, Eero continues to face stiff competition in the router market. Heavyweights such as Netgear and Linksys have followed in Eero's footsteps by releasing their own mesh routers, and even Google has its own Google Wi-Fi mesh-networking product. Eero has encountered some turbulence, as well. In January 2018, TechCrunch reported that Eero laid off 30 employees, representing about 20% of its workforce at the time.  Sign up for notifications from Insider! Stay up to date with what you want to know. Subscribe to push notifications Deal icon An icon in the shape of a lightning bolt. Keep reading Was this article valuable for you? Yes No Additional comments Email (optional) Receive a selection of our best stories daily based on your reading preferences. Submit SEE ALSO: Here's the complete timeline of the feud between Jeff Bezos and the National Enquirer, including the ties to President Trump NOW WATCH: What's going on with Jeff Bezos and Amazon More: Amazon Eero Tech M&A WiFi Smart Home BI Prime Archive Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. Deal icon An icon in the shape of a lightning bolt. For you Follow us on: * Copyright © 2022 Insider Inc. All rights reserved. Registration on or use of this site constitutes acceptance of our Terms of Service ,  Privacy Policy and Cookies Policy . 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Yowza: Tech Companies Spent $20 Billion Acquiring Software Firms Last Quarter - Business Insider Enterprise BI Intelligence Events Trending Tech Finance Politics Strategy Life Sports Video All × From To You have successfully emailed the post. YOWZA: Tech Companies Spent $20 Billion Acquiring Software Firms Last Quarter Julie Bort Apr. 4, 2012, 6:28 PM 653 facebook linkedin twitter email print Flickr / stevendepolo See Also Cisco CEO has bought 8 companies in 6 months and he's still looking for more One of last year's most successful tech IPOs proves you don't need to burn money to sell The hot software-as-a-service startups of the last couple of years are getting murdered This must be a good sign for the economy. Last quarter, 375 software companies were acquired and their buyers spent a healthy $20 billion overall, 10 percent more than the year-ago quarter. So says Berkery Noyes in its quarterly M&A report. The largest deal -- by far -- was Cisco's nearly $5 billion purchase of NDS Group. There were three hot areas where the most deals took place: Software used by financial firms, particularly those serving the capital markets. These accounted for 11 deals and the largest was SS&C Technologies Holdings'  buy of Thomson Reuters' PORTIA business for $170 million. Cloud computing. Oracle’s acquisition of Taleo for $1.9 billion was the biggest. But other deals were sizable, too, such as Symantec $115 million acquisition of LiveOffice. Security. There were 75% more security-related deals than in the previous quarter, Berkery Noyes says. Symantec bought Nukona and Odyssey Software. With three acquisitions it was the big spender of the quarter. But there were some surprising moves, too. For instance Twitter bought Dasient. Terms were not disclosed. Here's the chart of the Top 10 biggest deals of the quarter. Berkery Noyes More: Enterprise Software Cisco Symantec Acquisition Software facebook linkedin twitter email print Recommended For You Comments Comments on this post are now closed. Insiders 0 All Comments 0 Apply To Be An "Insider" » Loading YOWZA: Tech Companies Spent $20 Billion Acquiring Software Firms Last Quarter YOWZA: Tech Companies Spent $20 Billion Acquiring Software Firms Last Quarter Here are the top 10 deals. Recommended For You Featured The Only Thing In The Universe That Baffles Neil deGrasse Tyson More "Innovators" » 3 types of insurance that can protect your family for years to come More "World 2.0" » Get Enterprise Emails & Alerts Sign-Up Learn More » Enterprise Select More Featured Business Insider Select Tech Select Tech Chart Of The Day Markets Chart Of The Day 10 Things Before the Opening Bell Instant MBA Business Insider Events BI Intelligence Daily Finance Finance Select Markets Select Monday Scouting Report Your Money Select Financial Advisor Insights Smart Investor CFO Insider Finance Insider Wealth Advisor Select Strategy Strategy Select Advertising Select Retail Select Careers Select 10 Things You Need To Know In Advertising Politics Politics Select Military Select Life Life Select Transportation Select Education Select Entertainment Select Breaking News Tech Enterprise Select Science Select Mobile Chart Of The Day E-Commerce Chart Of The Day Payments Chart Of The Day Digital Media Chart Of The Day IoT Chart of the Day The Fintech Briefing Charts of the Day Sports Chart Of The Day Top 10 Things 10 Things In Tech You Need To Know Closing Bell Sports Sports Latest Research FREE: Mobile Payments - Everything You Need to Know 25 Big Tech Predictions for 2016 The Fintech Ecosystem Report The Digital Disruption of Retail Banking Read Business Insider On The Go Available for iPhone, iPad, and Android Find A Job Tech Jobs C-Level Jobs Media Jobs Design Jobs Finance Jobs Sales Jobs See All Jobs » Thanks to our partners * Copyright © 2016 Business Insider Inc. All rights reserved. Registration on or use of this site constitutes acceptance of our Terms of Service and Privacy Policy. Disclaimer Commerce Policy Powered by MongoDB Stock quotes by finanzen.net Made in NYC International Editions: UKDEAUSIDINMYSG

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Badoo Acquires Lulu Menu icon A vertical stack of three evenly spaced horizontal lines. Search icon A magnifying glass. It indicates, "Click to perform a search". Insider logo The word "Insider". 0 Newsletters Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. Log in Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. 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H M S In the news Close icon Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification. Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. HOMEPAGE 0 Newsletters Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. Log in Subscribe Subscribe Home Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. Tech Lulu, the app that lets women secretly rate men, just got bought by the biggest dating company in the world Maya Kosoff 2016-02-09T14:00:00Z Save Article Icon A bookmark Facebook Icon The letter F. Email icon An envelope. It indicates the ability to send an email. Share icon An curved arrow pointing right. Twitter icon A stylized bird with an open mouth, tweeting. Twitter LinkedIn icon The word "in". LinkedIn Fliboard icon A stylized letter F. Flipboard Link icon An image of a chain link. It symobilizes a website link url. Copy Link Download the app Lulu co-founder and CEO Alexandra Chong Lulu Lulu, the girls-only app that lets women rate men anonymously, has been acquired by global dating app giant Badoo.Cofounded by Alexandra Chong in 2011, New York-based Lulu lets women discuss a guy's sense of humor, appearance, ambition, and sexual prowess with mini quizzes and hashtag descriptions, such as #CanTalkToMyDad and #OneWomanMan. Then the man receives a score between 0 and 10. More than half of Lulu's users actually take these quizzes and create content on the app. Users can also send each other messages on the app. Cofounder Alexandra Chong says one in four college women in the US uses the app, which first launched in early 2013. We spoke to Chong last week when the ink was "literally drying on the deal," to use her words. She couldn't disclose many terms of the deal, but she was able to tell us what the future of Lulu holds.Right now, Lulu is a discovery and messaging app, but once it integrates with Badoo, it'll become a full-on dating service, and Lulu's 6 million members will be able to interact and connect with Badoo’s 300 million users. If you're not familiar with Badoo, you're not alone. "Not a lot of people know who they are, but they are massive," Chong told us. Badoo itself is a dating service, and the company also owns dating apps Hot or Not and Blendr, and now Lulu.London-based Badoo, which was founded in 2006, has 300 million users in 190 countries around the world, and 60 million monthly active users. An average active user spends 1.8 hours on Badoo per day, the company says.Chong met Badoo CEO Andrey Andreev in London in 2011, before Lulu even launched. "When I met Andrey in 2011, they had just hit the 100 million user mark," Chong told us. "In the last 5 years they have moved and skyrocketed to 300 million."Chong and Andreev met again in November, and talked about the next steps for Lulu. "One of the challenges we were starting to face was our users were asking for a dating experience," Chong says. "They were looking to connect with other users. We wanted to do that but it was a big task, going down that route."  As part of the deal, Lulu will join Badoo's family of dating services, and Chong will become Badoo's president. Sign up for notifications from Insider! Stay up to date with what you want to know. Subscribe to push notifications Deal icon An icon in the shape of a lightning bolt. Keep reading Newsletter Get the latest tech news & scoops — delivered daily to your inbox. Loading Something is loading. Email address By clicking ‘Sign up’, you agree to receive marketing emails from Insider as well as other partner offers and accept our Terms of Service and Privacy Policy. NOW WATCH: The most desired man on Tinder in New Jersey reveals how guys can be successful on Tinder More: Lulu Badoo Dating Close icon Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification. Recommended Video Follow us on: * Copyright © 2022 Insider Inc. All rights reserved. Registration on or use of this site constitutes acceptance of our Terms of Service ,  Privacy Policy and Cookies Policy . Contact Us Sitemap Disclaimer Accessibility Commerce Policy Advertising Policies CA Privacy Rights Coupons Made in NYC Jobs Stock quotes by finanzen.net Reprints & Permissions International Editions: United States US International INTL Asia AS Deutschland & Österreich AT Deutschland DE España ES India IN Japan JP México MX Netherlands NL Polska PL South Africa ZA

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Sometimes Larry And Sergey Don't Tell Eric Schmidt About Google's Acquisitions Till Later - Business Insider Tech BI Intelligence Events Trending Tech Finance Politics Strategy Life Sports Video All Continue to Business Insider » You will be redirected in seconds. × From To You have successfully emailed the post. Sometimes Larry And Sergey Don't Tell Eric Schmidt About Google's Acquisitions Till Later Nicholas Carlson Oct. 7, 2009, 2:43 PM 20,824 8 facebook linkedin twitter email print Google CEO Eric Schmidt confessed at a press conference in New York today that he didn't know his company acquired Keyhole -- now known as Google Earth -- until after the fact. The same goes for Android. The detail came up after a reporter asked Eric about Google's plans to buy a startup a month. Reporter: Please talk about M&A plans and goal of one acquisition per month. Schmidt: That’s been our historic pattern. I think we will be buying small companies – 5, 10 people. That’s where some of our best stuff has been. One day Larry and Sergey bought Android, and I didn’t even notice. Think about the strategic opportunities that has created. Sergey found Google Earth one day while he was surfing on the Web. And then he walked into my office and told me he bought them. “And I said, “for how much,” Sergey?” And it turned out to be a few million.  Media Memo's Peter Kafka highlighted these other tidbits from the press conference: "Brin expressed contrition over recent Gmail outages, and said the company was working both to prevent future failures, and to react more quickly if and when they do happen. But he reiterated the argument, common among cloud computing fans, that conventional email systems fail much more frequently." "Schmidt repeatedly defended the proposed settlement Google had reached with authors and publishers regarding its book archive. Recurring theme: It’s not a perfect settlement, but it’s workable." "Schmidt stressed the importance of porting Google’s Chrome browser to Apple’s Mac platform, and said that would happen within months." "Schmidt said Google was working on ways to help publishers sell their work on the Web (via one-offs or subscription). But he said he had no interest in promoting one publisher’s results over another, as AP officials had recently suggested: ““We have to be very very careful not to favor one media organization over another, with regard to speed or latency.”" Continue reading at Media Memo > More: Online Big Tech Google Mergers And Acquisitions facebook linkedin twitter email print Recommended For You Comments Comments on this post are now closed. Insiders 0 All Comments 8 Apply To Be An "Insider" » Loading Sometimes Larry And Sergey Don't Tell Eric Schmidt About Google's Acquisitions Till Later Sometimes Larry And Sergey Don't Tell Eric Schmidt About Google's Acquisitions Till Later "Sergey found Google Earth one day while he was surfing on the Web. And then he walked into my office and told me he bought them. “And I said, 'for how much,' Sergey?" Recommended For You Featured How data is saving the retail industry More "Digital Business Decoded" » 3 types of insurance that can protect your family for years to come More "World 2.0" » Get Tech Emails & Alerts Sign-Up Learn More » Tech Select Tech Chart Of The Day Business Insider Select 10 Things In Tech You Need To Know Mobile Insights BII Mobile Insights More Featured Business Insider Select Tech Select Tech Chart Of The Day Markets Chart Of The Day 10 Things Before the Opening Bell Instant MBA Business Insider Events BI Intelligence Daily Finance Finance Select Markets Select Monday Scouting Report Your Money Select Financial Advisor Insights Smart Investor CFO Insider Prime Finance Strategy Strategy Select Advertising Select Retail Select Careers Select null Politics Politics Select Military Select Life Life Select Transportation Select Education Select Entertainment Select null Tech Enterprise Select Science Select Mobile Chart Of The Day E-Commerce Chart Of The Day Payments Chart Of The Day Digital Media Chart Of The Day IoT Chart of the Day Charts of the Day Sports Chart Of The Day Top 10 Things 10 Things In Tech You Need To Know Closing Bell Sports Sports Latest Deals The Trendsetter Gift Guide Holiday Central Latest Research FREE: Mobile Payments - Everything You Need to Know The Messaging App Report The Internet of Things 2015 Report The Digital Disruption of Retail Banking Read Business Insider On The Go Available for iPhone, iPad, and Android Find A Job Tech Jobs C-Level Jobs Media Jobs Design Jobs Finance Jobs Sales Jobs See All Jobs » Thanks to our partners * Copyright © 2015 Business Insider Inc. All rights reserved. Registration on or use of this site constitutes acceptance of our Terms of Service and Privacy Policy. Disclaimer Commerce Policy Powered by MongoDB Stock quotes by finanzen.net Made in NYC International Editions: UKDEAUSIDINMYSG

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Pinterest on Wednesday Acquired a Compan Menu icon A vertical stack of three evenly spaced horizontal lines. Search icon A magnifying glass. It indicates, "Click to perform a search". Insider logo The word "Insider". 0 Newsletters Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. Log in Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. Subscribe Business The word Business Life The word Life News The word News Reviews The word Reviews Business Tech Finance Markets Strategy Retail Advertising Healthcare Intelligence Life Entertainment Culture Travel Food Health Parenting Beauty Style News Politics Military & Defense Sports Opinion Reviews Tech Streaming Home Kitchen Style Beauty Gifts Deals Pets Parenting Coupons Health Learning Hobbies & Crafts Travel All A-Z Advertising Business Careers Coupons DoorDash Walmart Dell Staples Under Armour Culture Design Entertainment Executive Lifestyle Finance Food Health Healthcare Intelligence Latest Life Markets Insider Media Military & Defense News Opinion People Personal Finance Banking Credit Cards Insurance Investing Loans Mortgages Politics Premium Retail Reviews Science Sports Strategy Tech Transportation Travel TV Beauty Explorers Best in Town Bonkers Closets Festival Foodies Movies Insider Pop Culture Decoded The Making Of The Ultimate List Featured Better Capitalism Cities Connected Insider TV Master Your Money Next Stop Sustainable Finance Transforming Business About About Advertise Careers Contact Us Corporate Corrections Policy Follow RSS Sitemap Facebook Twitter Instagram YouTube LinkedIn Subscriptions Intelligence Premium Close icon Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification. Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. HOMEPAGE 0 Newsletters Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. Log in Subscribe Home Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. Tech Pinterest on Wednesday acquired a compan Dave Smith 2014-07-31T11:57:30Z Save Article Icon A bookmark Facebook Icon The letter F. Email icon An envelope. It indicates the ability to send an email. Share icon An curved arrow pointing right. Twitter icon A stylized bird with an open mouth, tweeting. Twitter LinkedIn icon The word "in". LinkedIn Fliboard icon A stylized letter F. Flipboard Facebook Icon The letter F. Facebook Email icon An envelope. It indicates the ability to send an email. Email Link icon An image of a chain link. It symobilizes a website link url. Copy Link Download the app Redeem now Pinterest on Wednesday acquired a company called Barcelona-based Icebergs, which is a "Pinterest for creative types" that offered a collaboration platform for things like projects, images, articles, video, and other content. Sign up for notifications from Insider! Stay up to date with what you want to know. Subscribe to push notifications Deal icon An icon in the shape of a lightning bolt. Keep reading Newsletter Get the latest tech news & scoops — delivered daily to your inbox. Loading Something is loading. Email address By clicking ‘Sign up’, you agree to receive marketing emails from Insider as well as other partner offers and accept our Terms of Service and Privacy Policy. More: Pinterest Acquisition Follow us on: * Copyright © 2022 Insider Inc. All rights reserved. Registration on or use of this site constitutes acceptance of our Terms of Service ,  Privacy Policy and Cookies Policy . Contact Us Sitemap Disclaimer Accessibility Commerce Policy Advertising Policies CA Privacy Rights Coupons Made in NYC Jobs @ Insider Stock quotes by finanzen.net Reprints & Permissions International Editions: United States US International INTL Asia AS Deutschland & Österreich AT Deutschland DE España ES India IN Japan JP México MX Netherlands NL Polska PL South Africa ZA

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READER CONTEST: Predict The Terms Of Groupon's Acquisition http://www.businessinsider.com/reader-contest-predict-the-terms-of-groupons-acquisition-2010-11/comments.rss?IR=T en-us Wed, 31 Dec 1969 19:00:00 -0500 Tue, 01 Dec 2015 00:01:37 -0500 Nick Saint http://www.businessinsider.com/c/4cea91334bd7c89030030000 MIchael Mon, 22 Nov 2010 10:50:11 -0500 http://www.businessinsider.com/c/4cea91334bd7c89030030000 $2.76 billion google Dec 5 http://www.businessinsider.com/c/4cea24edccd1d5e8182f0000 Eldho Mon, 22 Nov 2010 03:08:13 -0500 http://www.businessinsider.com/c/4cea24edccd1d5e8182f0000 5 Billion Dollars Google Nov 30 http://www.businessinsider.com/c/4ce9c200ccd1d5660c050000 Nick Saint Sun, 21 Nov 2010 20:06:08 -0500 http://www.businessinsider.com/c/4ce9c200ccd1d5660c050000 Groupon has already raised money at a valuation north of $1 billion. It has grown a lot since then. No one involved would consider a $350 million offer for an instant. http://www.businessinsider.com/c/4ce8bf3accd1d5ea28130000 Lee Sun, 21 Nov 2010 01:42:02 -0500 http://www.businessinsider.com/c/4ce8bf3accd1d5ea28130000 google 2.65B December 21st. http://www.businessinsider.com/c/4ce876374bd7c88b72230000 James Sat, 20 Nov 2010 20:30:31 -0500 http://www.businessinsider.com/c/4ce876374bd7c88b72230000 December 8, by Google for 5.4 billion http://www.businessinsider.com/c/4ce853e34bd7c809560c0000 Hiding Startup Sat, 20 Nov 2010 18:04:03 -0500 http://www.businessinsider.com/c/4ce853e34bd7c809560c0000 My estimation: NOT THIS YEAR OR THE NEXT -- Mason will recover from the burnout over the holidays, and / or perhaps also find someone else to help him out with the crazy growth. Then Mason will likely go off into a comedy career. Google will be upset over the leak of this stuff (like the STVP interview with the Urchin founder details) and also consider it not a cultural fit. Yahoo will be too poor to afford it. Amazon and eBay won't see synergy. IPO in 2011. That's my estimate. http://www.businessinsider.com/c/4ce84f63cadcbbc532070000 Sarah P. Sat, 20 Nov 2010 17:44:51 -0500 http://www.businessinsider.com/c/4ce84f63cadcbbc532070000 Let's be realistic people. I think many hear postulating the idea of this startup selling in the $3-6 billion range is way out of touch. A more realistic amount should be no more than $350 million seeing as how there are numerous other identical startups now and before Groupon even started and wouldnt be difficult for Google/Yahoo/Microsoft to replicate the same idea over night. Sarah http://canadianprofiteer.com http://www.businessinsider.com/c/4ce7e17b4bd7c8e455040000 Nick Saint Sat, 20 Nov 2010 09:55:55 -0500 http://www.businessinsider.com/c/4ce7e17b4bd7c8e455040000 I imagine I'm ineligible, but for bragging rights: Google $7 billion December 18 http://www.businessinsider.com/c/4ce7c751cadcbb5e1d020000 lets_get_creative Sat, 20 Nov 2010 08:04:17 -0500 http://www.businessinsider.com/c/4ce7c751cadcbb5e1d020000 eBay $1 plus eBay's stake in Mercado Libre, Skype and Craigslist. Dec 24th, 2010 as a Christmas present from J.Donahoe to himself and as one last chance at making eBay Inc grow faster than e-commerce, the party line for the last 5 investors' meeting. http://www.businessinsider.com/c/4ce7ad93ccd1d53005180000 lushfun Sat, 20 Nov 2010 06:14:27 -0500 http://www.businessinsider.com/c/4ce7ad93ccd1d53005180000 Ebay (poor crapbay) 5 bil my guess 60/40 cash/stock the eventual write off after a year or two will be around 3-3.5bil Dec 23 http://www.businessinsider.com/c/4ce778b64bd7c8625d070000 bbmilo Sat, 20 Nov 2010 02:28:54 -0500 http://www.businessinsider.com/c/4ce778b64bd7c8625d070000 Ebay 5.1B December 30 2010 http://www.businessinsider.com/c/4ce7475049e2ae382c020000 bteachman Fri, 19 Nov 2010 22:58:08 -0500 http://www.businessinsider.com/c/4ce7475049e2ae382c020000 Google 8 Billion January 4th http://www.businessinsider.com/c/4ce7446949e2ae5623050000 Matland Fri, 19 Nov 2010 22:45:44 -0500 http://www.businessinsider.com/c/4ce7446949e2ae5623050000 Google 5.5 billion December 13, 2010 http://www.businessinsider.com/c/4ce7410bcadcbbfc7f090000 Robert Park Fri, 19 Nov 2010 22:31:22 -0500 http://www.businessinsider.com/c/4ce7410bcadcbbfc7f090000 Amazon $3.7B January 24, 2011 http://www.businessinsider.com/c/4ce72438cadcbbfa66020000 johnk Fri, 19 Nov 2010 20:28:24 -0500 http://www.businessinsider.com/c/4ce72438cadcbbfa66020000 Microsoft $4.2B Dec 10 http://www.businessinsider.com/c/4ce717dc4bd7c8b070010000 Please choose a different name. Fri, 19 Nov 2010 19:35:39 -0500 http://www.businessinsider.com/c/4ce717dc4bd7c8b070010000 eBay Inc $5 B January 9, 2011 http://www.businessinsider.com/c/4ce70c684bd7c8485f0d0000 175 mil Fri, 19 Nov 2010 18:46:48 -0500 http://www.businessinsider.com/c/4ce70c684bd7c8485f0d0000 $175 million from Google Ventures as a funding round, but not a purchase. This will be enough money to keep the lights on while they transition to a Woot-style national sales effort, which is more cost-effective. http://www.businessinsider.com/c/4ce7034fcadcbbe540010000 Preston Fri, 19 Nov 2010 18:07:59 -0500 http://www.businessinsider.com/c/4ce7034fcadcbbe540010000 $3.88 Billion Google December 2 http://www.businessinsider.com/c/4ce6ffd8cadcbb883d030000 Five finger discount Fri, 19 Nov 2010 17:53:12 -0500 http://www.businessinsider.com/c/4ce6ffd8cadcbb883d030000 Who will acquire Groupon? Yahoo! How much will Groupon sell for? $4.32Bn On what date will the sale of Groupon be announced? Jan 3, 2011

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Facebook Acquires Pebbles Interfaces Virtual Reality Hand Tracking Firm Menu icon A vertical stack of three evenly spaced horizontal lines. Search icon A magnifying glass. It indicates, "Click to perform a search". Insider logo The word "Insider". 0 Newsletters Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. Log in Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. Subscribe Subscribe Business The word Business Life The word Life News The word News Reviews The word Reviews Business Tech Finance Markets Strategy Retail Advertising Healthcare Intelligence Life Entertainment Culture Travel Food Health Parenting Beauty Style News Politics Military & Defense Sports Opinion Reviews Tech Streaming Home Kitchen Style Beauty Gifts Deals Pets Parenting Coupons Health Learning Hobbies & Crafts Travel All A-Z Advertising Business Careers Coupons DoorDash Walmart Dell Staples Under Armour Culture Design Entertainment Executive Lifestyle Finance Food Health Healthcare Intelligence Latest Life Markets Insider Media Military & Defense News Opinion People Personal Finance Banking Credit Cards Insurance Investing Loans Mortgages Politics Premium Retail Reviews Science Sports Strategy Tech Transportation Travel TV Beauty Explorers Best in Town Bonkers Closets Festival Foodies Movies Insider Pop Culture Decoded The Making Of The Ultimate List Featured Better Capitalism Cities Connected Insider TV Master Your Money Next Stop Sustainable Finance Transforming Business About About Advertise Careers Contact Us Corporate Corrections Policy Follow RSS Sitemap Facebook Twitter Instagram YouTube LinkedIn Subscriptions Intelligence Premium US Markets Loading... H M S In the news Close icon Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification. Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. HOMEPAGE 0 Newsletters Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. Log in Subscribe Subscribe Home Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. Tech Facebook just bought this Israeli company to help track your hands in virtual reality Celena Chong 2015-07-16T14:39:53Z Save Article Icon A bookmark Facebook Icon The letter F. Email icon An envelope. It indicates the ability to send an email. Share icon An curved arrow pointing right. Twitter icon A stylized bird with an open mouth, tweeting. Twitter LinkedIn icon The word "in". LinkedIn Fliboard icon A stylized letter F. Flipboard Link icon An image of a chain link. It symobilizes a website link url. Copy Link Download the app Youtube Facebook has acquired Pebbles Interfaces, an Israel-based startup that specializes in gesture control, in an effort to expand its virtual reality platform.Facebook confirmed the purchase in an email to Business Insider on Thursday. Pebbles Interfaces has been researching computer vision and depth-sensing technology for the last five years, and will be joining the Oculus virtual reality team in a $60 million deal, according to The Wall Street Journal.Facebook acquired Oculus for $2 billion last year, a technology company which created the highly anticipated Oculus Rift virtual reality headset.Pebbles' gesture-control technology can detect the hands and skin of a user who is wearing a virtual reality headset like the Rift, according to the WSJ, enabling its users to see their hands and arms in VR using light sensoring technology. The technology can also recognize and track a user's clothing, items in one's hand, and scars while using a virtual reality headset in the VR display — a feature that competing companies have yet to develop. "Through micro-optics and computer vision, we hope to improve the information that can be extracted from optical sensors, which will help take virtual reality to the next level," Nadav Grossinger, CTO of Pebbles Interfaces, wrote on the Oculus blog.  Facebook CTO Mike Schroepfer previously said, "everyone is going to have to be a little patient" with Facebook and its futuristic VR platform roll-out. Even though the public market is currently awaiting the consumer release of the Oculus Rift, scheduled to launch in Q1 2016, Facebook is already preparing for the second and third generation versions of the headset. Here's an introduction to Pebbles Interfaces' "immersive 3D real-time hands," which highlights the company's advancements in gesture control.  Sign up for notifications from Insider! Stay up to date with what you want to know. Subscribe to push notifications Deal icon An icon in the shape of a lightning bolt. Keep reading Newsletter Get the latest tech news & scoops — delivered daily to your inbox. Loading Something is loading. Email address By clicking ‘Sign up’, you agree to receive marketing emails from Insider as well as other partner offers and accept our Terms of Service and Privacy Policy. NOW WATCH: Facebook tried to copy Apple with its big Oculus unveiling and it failed miserably More: oculus Facebook Virtual reality Close icon Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification. Recommended Video Follow us on: * Copyright © 2022 Insider Inc. All rights reserved. Registration on or use of this site constitutes acceptance of our Terms of Service ,  Privacy Policy and Cookies Policy . 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Gap Acquisition And Share Buyback - Business Insider Markets BI Intelligence Events Trending Tech Finance Politics Strategy Life Sports Video All Continue to Business Insider » You will be redirected in seconds. × From To You have successfully emailed the post. Gap Shares Are Surging Matthew Boesler Jan. 3, 2013, 8:56 AM 920 facebook linkedin twitter email print Image: APIt's a busy morning already for Gap investors. Shares are already up more than 5 percent in pre-market trading. The company said same store sales rose 5 percent in December from a year ago, alleviating concerns that retail sales were especially weak this Christmas. Growth figures nearly across the board were favorable compared to last year, per the release: Gap North America: positive 2 percent versus negative 4 percent last year Banana Republic North America: positive 1 percent versus negative 2 percent last year Old Navy North America: positive 13 percent versus negative 4 percent last year International: negative 6 percent versus negative 6 percent last year Gap also announced another $1 billion share buyback. This follows the $1 billion buyback the company completed in the fourth quarter of 2012. Finally, the company announced the acquisition of Intermix – an online high-end women's clothing store – for $130 million in cash. Below is more on the acquisition as detailed in the press release: INTERMIX operates 32 boutiques across North America, along with an e-commerce site, offering a mix of luxury brands including up-and-coming designers for customers seeking elevated fashion. Gap Inc. sees an opportunity to expand INTERMIX’s unique network of stores, as well as add significant visibility and enhancements to its online site. “INTERMIX has a distinctive position in this growing market with clear competitive advantage,” said Glenn Murphy, chairman and CEO of Gap Inc. “Their record of merchandising with a keen eye towards mixing multiple designer labels, complemented with exclusive product, is appealing to their loyal customers. This strategy reflects the strength of their brand vision and leadership team.” This acquisition extends Gap Inc.’s portfolio of brands, building upon the success of the company’s acquisition of Athleta in 2008 and the multi-brand, premium product offering at Piperlime. With Gap Inc.’s guidance over the past four years, Athleta has grown from its origins as a catalog business to expand through a strong e-commerce platform and brick and mortar presence, with about 35 retail stores opened in the past two years. On balance, markets like the news. More: Gap facebook linkedin twitter email print Recommended For You Comments Comments on this post are now closed. Insiders 0 All Comments 0 Apply To Be An "Insider" » Loading Gap Shares Are Surging Gap Shares Are Surging Same-store sales are up. Recommended For You Featured How data is saving the retail industry More "Digital Business Decoded" » 3 types of insurance that can protect your family for years to come More "World 2.0" » Get Markets Emails & Alerts Sign-Up Learn More » Markets Select 10 Things Before the Opening Bell Markets Chart Of The Day Business Insider Select Monday Scouting Report More Featured Business Insider Select Tech Select Tech Chart Of The Day Markets Chart Of The Day 10 Things Before the Opening Bell Instant MBA Business Insider Events BI Intelligence Daily Finance Finance Select Markets Select Monday Scouting Report Your Money Select Financial Advisor Insights Smart Investor CFO Insider Prime Finance Strategy Strategy Select Advertising Select Retail Select Careers Select null Politics Politics Select Military Select Life Life Select Transportation Select Education Select Entertainment Select null Tech Enterprise Select Science Select Mobile Chart Of The Day E-Commerce Chart Of The Day Payments Chart Of The Day Digital Media Chart Of The Day IoT Chart of the Day Charts of the Day Sports Chart Of The Day Top 10 Things 10 Things In Tech You Need To Know Closing Bell Sports Sports Latest Deals The Trendsetter Gift Guide Holiday Central Latest Research FREE: Mobile Payments - Everything You Need to Know The Messaging App Report The Internet of Things 2015 Report The Digital Disruption of Retail Banking Read Business Insider On The Go Available for iPhone, iPad, and Android Find A Job Tech Jobs C-Level Jobs Media Jobs Design Jobs Finance Jobs Sales Jobs See All Jobs » Thanks to our partners * Copyright © 2015 Business Insider Inc. All rights reserved. Registration on or use of this site constitutes acceptance of our Terms of Service and Privacy Policy. Disclaimer Commerce Policy Powered by MongoDB Stock quotes by finanzen.net Made in NYC International Editions: UKDEAUSIDINMYSG

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Yahoo just acqui-hired yet another start - Business Insider Tech BI Intelligence Events Trending Tech Finance Politics Strategy Life Sports Video All × From To You have successfully emailed the post. × May 10, 2013, 5:08 PM NC 13 facebook linkedin twitter email print Yahoo just acqui-hired yet another startup. -- NC facebook linkedin twitter email print × Recommended For You Powered by Sailthru Comments Comments on this post are now closed. Insiders 0 All Comments 0 Apply To Be An "Insider" » Loading Yahoo just acqui-hired yet another start Yahoo just acqui-hired yet another start Yahoo just acqui-hired yet another startup. Recommended For You Featured These high-tech classes are the coolest thing happening in schools today More "Future Now" » Neil deGrasse Tyson and Al Gore on the future of our planet — and everything else More "Innovators" » Get Tech Emails & Alerts Sign-Up Learn More » Tech Select Tech Chart Of The Day Business Insider Select 10 Things In Tech You Need To Know Mobile Insights BII Mobile Insights More Featured Business Insider Select Tech Select Tech Chart Of The Day Markets Chart Of The Day 10 Things Before the Opening Bell Instant MBA Business Insider Events BI Intelligence Daily Industry Insider Finance Finance Select Markets Select Monday Scouting Report Your Money Select Financial Advisor Insights Smart Investor CFO Insider Finance Insider Wealth Advisor Select Strategy Strategy Select Advertising Select Retail Select Careers Select 10 Things You Need To Know In Advertising Politics Politics Select Military Select Life Life Select Transportation Select Education Select Entertainment Select Breaking News Tech Enterprise Select Science Select Mobile Chart Of The Day E-Commerce Chart Of The Day Payments Chart Of The Day Digital Media Chart Of The Day IoT Chart of the Day Fintech Briefing Charts of the Day Sports Chart Of The Day Top 10 Things 10 Things In Tech You Need To Know Closing Bell Sports Sports Latest Research Our 25 Top Tech Predictions The Payments Ecosystem Report The Fintech Ecosystem Report The Internet of Things Report Read Business Insider On The Go Available for iPhone, iPad, and Android Find A Job Tech Jobs C-Level Jobs Media Jobs Design Jobs Finance Jobs Sales Jobs See All Jobs » Thanks to our partners * Copyright © 2016 Business Insider Inc. All rights reserved. Registration on or use of this site constitutes acceptance of our Terms of Service and Privacy Policy. Disclaimer Commerce Policy Made in NYC Stock quotes by finanzen.net International Editions: UKDEAUSIDINMYSGPLSE

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NBC acquires English Premier League rights for $250 million over three years, will air all EPL games starting next A... - Business Insider Sports BI Intelligence Events Trending Tech Finance Politics Strategy Life Sports Video All × From To You have successfully emailed the post. × Oct. 29, 2012, 9:08 AM TM 389 facebook linkedin twitter email print NBC acquires English Premier League rights for $250 million over three years, will air all EPL games starting next August -- TM facebook linkedin twitter email print × Recommended For You Powered by Sailthru Comments Comments on this post are now closed. Insiders 0 All Comments 0 Apply To Be An "Insider" » Loading NBC acquires English Premier League rights for $250 million over three years, will air all EPL games starting next A... NBC acquires English Premier League rights for $250 million over three years, will air all EPL games starting next A... NBC acquires English Premier League rights for... Recommended For You Featured These high-tech classes are the coolest thing happening in schools today More "Future Now" » Neil deGrasse Tyson and Al Gore on the future of our planet — and everything else More "Innovators" » Get Sports Emails & Alerts Sign-Up Learn More » Sports Select Sports Chart Of The Day Business Insider Select More Featured Business Insider Select Tech Select Tech Chart Of The Day Markets Chart Of The Day 10 Things Before the Opening Bell Instant MBA Business Insider Events BI Intelligence Daily Industry Insider Finance Finance Select Markets Select Monday Scouting Report Your Money Select Financial Advisor Insights Smart Investor CFO Insider Finance Insider Wealth Advisor Select Strategy Strategy Select Advertising Select Retail Select Careers Select 10 Things You Need To Know In Advertising Politics Politics Select Military Select Life Life Select Transportation Select Education Select Entertainment Select Breaking News Tech Enterprise Select Science Select Mobile Chart Of The Day E-Commerce Chart Of The Day Payments Chart Of The Day Digital Media Chart Of The Day IoT Chart of the Day Fintech Briefing Charts of the Day Sports Chart Of The Day Top 10 Things 10 Things In Tech You Need To Know Closing Bell Sports Sports Latest Research Our 25 Top Tech Predictions The Payments Ecosystem Report The Fintech Ecosystem Report The Internet of Things Report Read Business Insider On The Go Available for iPhone, iPad, and Android Find A Job Tech Jobs C-Level Jobs Media Jobs Design Jobs Finance Jobs Sales Jobs See All Jobs » Thanks to our partners * Copyright © 2016 Business Insider Inc. All rights reserved. Registration on or use of this site constitutes acceptance of our Terms of Service and Privacy Policy. Disclaimer Commerce Policy Made in NYC Stock quotes by finanzen.net International Editions: UKDEAUSIDINMYSGPLSE

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Groupon Acquires CommerceInterface, a Co Menu icon A vertical stack of three evenly spaced horizontal lines. Search icon A magnifying glass. It indicates, "Click to perform a search". Insider logo The word "Insider". 0 Newsletters Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. Log in Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. Subscribe Business The word Business Life The word Life News The word News Reviews The word Reviews Business Tech Finance Markets Strategy Retail Advertising Healthcare Premium Life Entertainment Culture Travel Food Health Parenting Beauty Style News Politics Military & Defense Sports Opinion Reviews Tech Streaming Home Kitchen Style Beauty Gifts Deals Pets Parenting Coupons Health Learning Hobbies & Crafts Travel All A-Z Advertising Business Careers Coupons DoorDash Walmart Dell Staples Under Armour Culture Design Entertainment Executive Lifestyle Finance Food Health Healthcare Intelligence Latest Life Markets Insider Media Military & Defense News Opinion People Personal Finance Banking Credit Cards Insurance Investing Loans Mortgages Politics Premium Retail Reviews Science Sports Strategy Tech Transportation Travel TV Beauty Explorers Best in Town Bonkers Closets Festival Foodies Movies Insider Pop Culture Decoded The Making Of The Ultimate List Featured Talent Insider About About Advertise Careers Code of Ethics Contact Us Corporate Corrections Policy Follow RSS Sitemap Facebook Twitter Instagram YouTube LinkedIn Subscriptions Intelligence Premium US Markets Loading... H M S In the news Close icon Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification. Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. HOMEPAGE 0 Newsletters Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. Log in Subscribe Home Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. Tech Groupon acquires CommerceInterface, a co Steve Kovach 2012-12-22T14:52:22Z Save Article Icon A bookmark Facebook Icon The letter F. Email icon An envelope. It indicates the ability to send an email. Share icon An curved arrow pointing right. Twitter icon A stylized bird with an open mouth, tweeting. Twitter LinkedIn icon The word "in". LinkedIn Fliboard icon A stylized letter F. Flipboard Facebook Icon The letter F. Facebook Email icon An envelope. It indicates the ability to send an email. Email Link icon An image of a chain link. It symobilizes a website link url. Copy Link Download the app Groupon acquires CommerceInterface, a company that helps businesses sell stuff online. Sign up for notifications from Insider! Stay up to date with what you want to know. Subscribe to push notifications Read next Listen to The Refresh, Insider's real-time news show Newsletter Sign up for our newsletter for the latest tech news and scoops — delivered daily to your inbox. Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed while you're on the go. download the app Email address By clicking ‘Sign up’, you agree to receive marketing emails from Insider as well as other partner offers and accept our Terms of Service and Privacy Policy. Groupon Listen to The Refresh, Insider's real-time news show Follow us on: * Copyright © 2022 Insider Inc. All rights reserved. Registration on or use of this site constitutes acceptance of our Terms of Service ,  Privacy Policy and Cookies Policy . Contact Us Sitemap Disclaimer Accessibility Commerce Policy Advertising Policies CA Privacy Rights Coupons Made in NYC Jobs @ Insider Stock quotes by finanzen.net Reprints & Permissions International Editions: United States US International INTL Asia AS Deutschland & Österreich AT Deutschland DE España ES India IN Japan JP México MX Netherlands NL Polska PL South Africa ZA

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How Amazon, Facebook, and Google CEOs Think About M&a Menu icon A vertical stack of three evenly spaced horizontal lines. Search icon A magnifying glass. It indicates, "Click to perform a search". Insider logo The word "Insider". 0 Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. Log in Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. Subscribe Subscribe Business The word Business Life The word Life News The word News Reviews The word Reviews Search icon A magnifying glass. It indicates, "Click to perform a search". Insider logo The word "Insider". Close icon Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification. 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It often indicates a user profile. Log in Subscribe Subscribe Newsletters World globe An icon of the world globe, indicating different international options." US Edition US INTL Asia Deutschland & Österreich Australia España France India Japan México Netherlands Polska South Africa Get the Insider App Click here to learn more A leading-edge research firm focused on digital transformation. See our Research Facebook Icon The letter F. Twitter icon A stylized bird with an open mouth, tweeting. LinkedIn icon The word "in". YouTube icon A play button in the shape of a television screen. Instagram icon A stylized camera. * Copyright © 2021. All rights reserved. Registration on or use of this site constitutes acceptance of our Terms of Service ,  Privacy Policy and Cookies Policy. Sitemap Disclaimer Accessibility Commerce Policy CA Privacy Rights Coupons Made in NYC Jobs Stock quotes by finanzen.net Reprints & Permissions Insider logo The word "Insider". Close icon Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification. Good Subscriber Account active since Shortcuts Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. Profile Newsletters FAQs Subscription Log out US Markets Loading... H M S In the news Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. HOMEPAGE Subscribe Subscribe Premium Home Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. Tech Now we know exactly what Jeff Bezos, Mark Zuckerberg, Sundar Pichai and Tim Cook think about before they make a giant startup acquisitions Becky Peterson 2020-07-30T23:24:41Z Facebook Icon The letter F. Email icon An envelope. It indicates the ability to send an email. Twitter icon A stylized bird with an open mouth, tweeting. Twitter LinkedIn icon The word "in". LinkedIn Fliboard icon A stylized letter F. Flipboard Link icon An image of a chain link. It symobilizes a website link url. Copy Link Amazon CEO Jeff Bezos said, "We're buying market position — not technology," about the company's acquisition of Ring. Associated Press This story is available exclusively to Insider subscribers. Become an Insider and start reading now. Documents made public Wednesday as part of a Congressional antitrust hearing give insight into the concerns of tech's most powerful CEOs leading up to game-changing acquisitions.Amazon, Facebook and Google all made big purchases of startups whose technology, the documents reveal, their teams found to be lacking.Instead, the deals got done because the companies feared losing market share or wanted a leg up in a new sector. Visit Business Insider's homepage for more stories.If you're looking to sell your tech startups to one of the big tech giants, an intimidating reputation will take you further than good technology. Market position, "land grabs," and winning were all top considerations for the CEOs at Amazon, Facebook and Google ahead of major acquisitions, according to emails and instant messages made public on Wednesday as part of Congressional hearing over possible anticompetitive practices in tech.The documents give unique insight into the thought processes of these powerful (and often rash) men on the eve of big purchases, which over time have proven to completely rewrite the technology landscape. Ultimately, the messages show, none of these companies made their most high-profile acquisitions because of the quality of the technology.Google, which acquired YouTube for $1.65 billion in October 2006, considered the video streaming website a threat because it meant people were searching for things away from Google.com, the documents show.Ultimately, its product was less important to Google than its position as a top video startup. In one email, Peter Chane, who founded and oversaw Google Video, said that YouTube's "systems wouldn't be valuable to us" and described its content quality as "worse than ours." But Google's Jeff Huber defended the talks and wrote that at the very least, opening M&A talks would raise the price tag for Google's competitor Yahoo if it wanted to acquire YouTube itself.Plus, Huber said, YouTube was located a quick drive away from Google in Palo Alto. It might seem like an arbitrary advantage, but it sure worked out for YouTube. Perhaps the most insecure emailer was Amazon, which spent months trying to "undercut" Diapers.com before acquiring its parent company Quidsi for $545 million in November 2010. Emails show extensive deliberations, referred to as the "Plan to Win," which addressed Amazon's internal strategy to price match and "meet or beat" Diapers.com's order time cut off of 6 p.m. (The plan also required Amazon to fix a bug on its website: a widget that gave shoppers to option to browse "used" diapers.)  In 2017, Amazon shuttered its Quidsi properties altogether. In other words, its plan was a success.Bezos was absent from the Diapers.com emails, but played a more active role fretting over market dominance in documents surrounding Amazon's acquisition of doorbell camera startup Ring for $1 billion in March 2018. "To be clear, my view here is that we're buying market position — not technology. And that market position and momentum is highly valuable," Bezos wrote to Amazon Vice President Dave Limp on December 15, 2017, according to the documents. Documents from the Hearing on “Online Platforms and Market Power: Examining the Dominance of Amazon, Apple, Facebook and Google" Others on Bezos's team made clear that Ring didn't have much to offer that Amazon couldn't build itself."They don't have any interesting hardware secret sauce either in IP, manufacturing process, or people," vice president Robert Stites wrote to Limp on November 1, 2017, in an email arguing against the deal. "I'm not inclined unless our intent is to just benchmark pricing."  Documents from the Hearing on “Online Platforms and Market Power: Examining the Dominance of Amazon, Apple, Facebook and Google" Facebook CEO Mark Zuckerberg took a similar attitude leading up to its acquisition of Instagram for $1 billion in April 2012. Instagram, then a small but growing photo-sharing app, came into Zuckerberg's line of sight as he fretted over how long users spent on Facebook's mobile app, according to the documents. Every second spent on Instagram's app was a second not spent looking at Facebook."Instagram is eating our lunch. We should have owned this space but we're losing quite badly," an unnamed Facebooker wrote in a redacted IM transcript from January 2012."Not losing strategic position in photos is worth a lot of money," Mike Shroepfer, Facebook's technology chief, wrote to Zuckerberg on March 9, 2012, ahead of the deal. Documents from the Hearing on “Online Platforms and Market Power: Examining the Dominance of Amazon, Apple, Facebook and Google" Once the acquisition went through, Zuckerberg was more direct about his reason for buying Instagram: it was stiff competition. "One thing about startups though is you can often acquire them," Zuckerberg wrote on April 9, 2012One email of particular interest during the hearing on Wednesday came from Facebook's chief financial officer, David Wehner, in a February 2014 thread about Facebook's $19 billion WhatsApp acquisition earlier that month. "A big concern expressed it that we're going to spend 5-10% of our market cap every couple of years to shore up our position," Wehner wrote in defense of the deal. "I hate the word 'land grab' but I think that is the best convincing argument and we should own that. ... We are being aggressive about seizing that opportunity as it is transforming the communications landscape." Documents from the Hearing on “Online Platforms and Market Power: Examining the Dominance of Amazon, Apple, Facebook and Google" (Apple CEO Tim Cook was also part of the hearing, though the company's M&A history was not a big concern for lawmakers.)Consolidation is nothing new in the land of tech, and in many cases strategic acquirers get lauded for the wisdom behind deals that increase their power and eliminate risk. But not every acquisition is about dominance or eliminating obstacles. When the $194 billion enterprise tech giant SAP acquired Qualtrics for $8 billion in 2018, SAP added a top-of-the-line market research and data analysis product to its offerings.If SAP saw market research as its only growth opportunity, that would be one thing. But the point of the acquisition wasn't to make SAP the market leader in that sector. It was to give SAP more ground in its competition against Oracle and Microsoft to dominate in cloud software more broadly.Then there are deals like Cisco's May acquisition of ThousandEyes, a network security startup whose technology Cisco plans to tie into its existing products. Cisco bought the company because it made more sense than developing its own tool that could do the same thing.This is all to say: it's possible for a large tech company to acquire a startup for reasons other than fear of the underdog. But if these messages from executives at Facebook, Amazon, and Google show anything, it's that making tech's mega giants feel insecure is a great way to go from startup founder to multi-millionaire.  Sign up for notifications from Insider! Stay up to date with what you want to know. Subscribe to push notifications Was this article valuable for you? Yes No Additional comments Email (optional) Receive a selection of our best stories daily based on your reading preferences. Submit SEE ALSO: When colleagues accused Mark Zuckerberg's personal security chief of racism and harassment, the family said there was no evidence. In sworn declarations, 3 workers said otherwise. Deal icon An icon in the shape of a lightning bolt. For you NOW WATCH: What's going on with Jeff Bezos and Amazon More: Amazon Jeff Bezos Google Sundar Pichai Facebook Mark Zuckerberg Anti-trust analysis Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. Deal icon An icon in the shape of a lightning bolt. For you Follow us on: * Copyright © 2021 Insider Inc. All rights reserved. Registration on or use of this site constitutes acceptance of our Terms of Service ,  Privacy Policy and Cookies Policy . 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Before Dumping On Google-Motorola, Remember: Google Is The Best Tech Company At Acquisitions - Business Insider Tech BI Intelligence Events Trending Tech Finance Politics Strategy Life Sports Video All × From To You have successfully emailed the post. Before Dumping On Google-Motorola, Remember: Google Is The Best Tech Company At Acquisitions Pascal-Emmanuel Gobry Aug. 17, 2011, 5:39 AM 2,200 18 facebook linkedin twitter email print Twettey.comGoogle's acquisition of Motorola certainly looks like a disaster. But there's one thing to keep in mind: Google is probably the best tech company at acquisitions, as our friend Dan Frommer points out at SplatF. Google is pretty good at talent acquisitions: for all the talk about Facebook poaching from Google, tons of people still want to work for Google and Google is still great at snapping up talented entrepreneurs on the cheap and integrating them.  There have been some screwups, with talented entrepreneurs like Evan Williams and Dennis Crowley getting frustrated at Google bureaucracy and striking out to do their own huge projects. But that's always going to happen: first of all, Google has acquired more than 100 (!) companies so far so of course there are going to be some duds; second of all, because entrepreneurs are entrepreneurs, there's always going to be some who aren't cut out for big company life and will strike out on their own.  Still, on the whole, Google has had many more good talent acquisitions than bad.  Google is also excellent at technology acquisitions. Most of its huge products either come from, or have key technology components that come from acquisitions.  AdSense's technology came from Applied Semantics, which Google bought for around $100 million and is now a multibillion dollar business. Google Maps technology came from an Australian startup called Where2 (whose founder went on to make Google Wave and now works at Facebook). GrandCentral became Google Voice, which could disrupt Skype. Writely became the basis for Google Docs. AdMob is a beachhead into the huge mobile advertising market, and $750 million increasingly looks very cheap. In all these cases, Google took not just a great team but a great technology, "googleified" it and blew it up into a huge product.  And most relevant to Google's Motorola buy, Google is fantastic at strategic acquisitions, acquisitions where it buys a whole business. Android is an amazing example. It was really a talent and technology acquisition but given its scale it's certainly strategic. They took a man, a product and a vision and turned it into one of the fastest-growing, most disruptive businesses in history. YouTube and DoubleClick are also great examples because at the time everyone thought Google had overspent. In 2006, Google spent $1.6 billion for YouTube, a year-old company with no revenues to speak of. Everyone thought it was crazy. It was a masterstroke. Regardless of YouTube's current financials, there's no doubt that a) if Google were to spin off YouTube now it would be worth many, many times the amount it paid for it, and b) YouTube is the best asset in a market (online video) that's crucial to Google's future. DoubleClick is easier to understand -- Google bought its way into display advertising, the biggest online advertising market after search -- but at the time people still worried about the price, the integration and whether Google could really succeed in display. Now we know Google got a good price, the integration went well and Google, though not as successful as in search, is still a huge player in display.   So yes, Google-Motorola looks like a disaster in the making. But naysayers should remember that Google has one of the best track records in its industry when it comes to acquisitions. So it's not like it (usually) doesn't know what it's doing. Don't Miss: Google's 16 Biggest Acquisitions And What Happened To Them → More: Google Android DoubleClick YouTube Gmail facebook linkedin twitter email print Recommended For You Comments Comments on this post are now closed. Insiders 0 All Comments 18 Apply To Be An "Insider" » Loading Before Dumping On Google-Motorola, Remember: Google Is The Best Tech Company At Acquisitions Before Dumping On Google-Motorola, Remember: Google Is The Best Tech Company At Acquisitions Everyone thought buying YouTube was stupid, too. 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M&A

The Acquisitions That Made Amazon the Giant It Is Today Menu icon A vertical stack of three evenly spaced horizontal lines. Search icon A magnifying glass. It indicates, "Click to perform a search". Insider logo The word "Insider". 0 Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. Log in Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. Subscribe Subscribe Business The word Business Life The word Life News The word News Reviews The word Reviews Search icon A magnifying glass. It indicates, "Click to perform a search". Insider logo The word "Insider". Close icon Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification. Business The word Business Tech Finance Markets Strategy Retail Advertising Healthcare Intelligence Life The word Life Entertainment Culture Travel Food Health Parenting Beauty Style News The word News Politics Military & Defense Sports Opinion Reviews The word Reviews Tech & Electronics Style Home Kitchen Beauty & Personal Care Travel Gifts Deals Money All The word All A-Z Advertising Business Careers Coupons DoorDash Walmart Dell Staples Under Armour Culture Design Entertainment Executive Lifestyle Finance Food Health Healthcare Intelligence Latest Life Markets Insider Media Military & Defense News Opinion People Personal Finance Politics Premium Retail Reviews Science Sports Strategy Tech Transportation Travel TV Beauty Explorers Best in Town Bonkers Closets Festival Foodies Movies Insider Pop Culture Decoded The Making Of The Ultimate List Featured Better Capitalism Cities Connected Insider TV Master Your Money Next Stop Transforming Business About About Advertise Careers Contact Us Corporate Corrections Policy Follow RSS Sitemap Facebook Twitter Instagram YouTube LinkedIn Subscriptions Intelligence Premium Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. Log in Subscribe Subscribe Newsletters World globe An icon of the world globe, indicating different international options." US Edition US INTL Asia Deutschland & Österreich Australia España France India Japan México Netherlands Polska South Africa Get the Insider App Click here to learn more A leading-edge research firm focused on digital transformation. See our Research Facebook Icon The letter F. Twitter icon A stylized bird with an open mouth, tweeting. LinkedIn icon The word "in". YouTube icon A play button in the shape of a television screen. Instagram icon A stylized camera. * Copyright © 2021. All rights reserved. Registration on or use of this site constitutes acceptance of our Terms of Service ,  Privacy Policy and Cookies Policy. Sitemap Disclaimer Accessibility Commerce Policy CA Privacy Rights Coupons Made in NYC Jobs Stock quotes by finanzen.net Reprints & Permissions Insider logo The word "Insider". Close icon Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification. Good Subscriber Account active since Shortcuts Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. Profile Newsletters FAQs Subscription Log out US Markets Loading... H M S In the news Close icon Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification. Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. HOMEPAGE Subscribe Subscribe Home Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. Tech Contributors The acquisitions that made Amazon the giant it is today Qayyah Moynihan and Alberto Payo , Business Insider España 2019-06-30T09:54:41Z Facebook Icon The letter F. Email icon An envelope. It indicates the ability to send an email. Twitter icon A stylized bird with an open mouth, tweeting. Twitter LinkedIn icon The word "in". LinkedIn Fliboard icon A stylized letter F. Flipboard Link icon An image of a chain link. It symobilizes a website link url. Copy Link When Jeff Bezos founded in July 1994, Amazon was simply an online bookstore. Drew Angerer/Getty Images Since its launch in 1994, Jeff Bezos' company has taken over all types of businesses and startups. Amazon has bought companies that made it modify its processes or allowed it to enter new markets. Amazon's most expensive acquisition to date is Whole Foods Market, for which it paid $13.7 billion. Get a daily selection of our top stories based on your reading preferences. Loading Something is loading. Email address By clicking ‘Sign up’, you agree to receive marketing emails from Insider as well as other partner offers and accept our Terms of Service and Privacy Policy. When Jeff Bezos founded Amazon in July 1994, it was simply an online bookstore.Years later, the company's focus has shifted considerably and it's opened up to an array of different goals.Given the multitude of sectors the Seattle-based tech giant is involved today, it's somewhat difficult to pinpoint exactly what Amazon is as a company.Though the giant is technically a marketplace for the sale of third-party products, it's also an audiovisual content provider, a storage provider for companies, and it provides fresh product deliveries. It's actually somewhat difficult to pinpoint exactly what Amazon is as a company. Abhishek Chinnappa/Reuters Part of what makes Amazon so successful is the fact that the company has kept tabs on every single trend.Investing in a diverse range of products and markets has, in part, helped transform Amazon into the gargantuan company it is today — last year alone, the firm made roughly $233 billion in net sales.Yet, to get to where it is now, the company has had to close multiple deals and spend billions of dollars.While a number of these deals have been significant purchases, others that may not have seemed particularly important also changed its path considerably. Zappos was a pivotal acquisition for Amazon. Facebook/Zappos Throughout the history of the organization, there are two defining moments in particular that can be singled out as having been catalysts in the company's metamorphosis.One of these was the acquisition of Zappos shoe e-commerce in 2009 (for $1.2 billion) and the other, Quidsi, a year later which set Amazon back $545 million.Despite the fact that, in April 2017, Amazon did away with the latter business, the impact of its purchase was huge from a strategic point of view."These acquisitions clearly identified Bezos' goal to eventually transform into an online retailer of more than just books and third-party products, especially in the case of Quidsi," economic journalist and author José Luis de Haro, told Business Insider. "The price war strategy upon which Amazon was based went down particularly well, especially after Walmart had also expressed interest in Quidsi." Amazon RobotsAnother turning point for the firm took place in March 2012 — although, at that time, the acquisition may not have been given the attention it deserved. Amazon spent $775 million on Kiva Systems, which is in the top three largest acquisitions the company has carried out so far.Kiva, re-dubbed Amazon Robotics in 2015, is involved in innovating for warehouses and logistics companies.The company's operations focus on small robots and programmable, portable transport units able to transport over 540 kilograms per unit from one point to another.These robots have sensors to avoid colliding with each other and are guided by barcodes located on the ground. Subsequently, a model was also developed to load pallets of over 1,300 kilograms. Amazon Robotics focuses on innovating small robots and programmable, portable transport units. Business Insider At this point, Bezos had tapped into something big.Amazon canceled its contracts with companies including Office Depot and Staples — for which they used to provide automated storage and retrieval systems — and then began using Kiva's technology exclusively and for its own purposes.That's how all the operations so characteristic of its warehouses today, were born — it's only with Kiva that the company has been able to manage the huge volumes of shipments the Seattle company handles every day.Based in Boston, Amazon Robotics is ultimately responsible for using any kind of AI tech it has at its disposal to automate all the hubs' operations. The most economically important acquisitionsThe largest of Amazon's acquisitions by a long way took place in 2017 — the Seattle giant announced it had purchased high-end supermarket Whole Foods for a whopping $13.7 billion. Whole Foods is Amazon's largest purchase to date. Business Insider/Mary Hanbury "Whole Foods has become a business that allows the company to test its distribution and sales strategies in a physical supermarket beyond its smaller establishments like Amazon Go," de Haro told Business Insider.Interestingly, according to the author, this has led to a worse service for the supermarket."It's interesting to see how some of those supply dynamics the company implements to maximize cost reductions, have sometimes led to a lack of key products in Whole Foods," says de Haro. Amazon has also made smaller acquisitions that have reaped a lot of economic benefits. In terms of profitability, Amazon's best moves have involved Amazon's cloud storage service, Amazon Web Services (AWS). De Haro said that "AWS has transformed into a fundamental part" of the home. Reuters In September 2015, Amazon purchased Elemental Technologies for $296 million— this acquisition allowed the company to incorporate video services (processing, storage, packaging, distribution, etc.) under the umbrella of AWS Elemental as part of a new service offering for AWS.De Haro said that "AWS has transformed into a fundamental part" of the home.In 2018 alone, AWS reportedly earned Amazon $25.7 billion. "Despite competition from Azure (Microsoft) or Google Cloud, AWS continues to outdo other services," said de Haro. "One potentially interesting move that's been discussed extensively is branching off into a new company listed on the stock exchange, independent of Amazon," he said.So, what does the future hold for Amazon?Considering the somewhat haphazard nature of where Amazon has cast its net in recent years, it's actually quite hard to predict which the giant will set its sights on over the years to come.That said, de Haro let Business Insider in on what he suspects Amazon will do next."From a retail point of view, Amazon should be closely watching the myriad brick and mortar retailers being crushed by the 'retail apocalypse,'" said de Haro. "This may provide opportunities to further expand Amazon's physical presence, which will continue to be needed either in the form of stores or as distribution centers. There are also small companies like Warby Parker or Lululemon that could form part of its product strategy." It's hardly a secret that the company has an interest in eHealth. Screenshot/PillPack De Haro also believes Amazon could have an impact on the healthcare industry."Buying a network of clinics or online services like Doc in a Box, or even going further and getting CVS Health would be a very interesting move," said de Haro.It's hardly a secret that the company has an interest in eHealth — in June 2018, it made its foray into the sector by buying PillPack, an online pharmaceutical company that generates somewhere in the region of $100 million in annual revenue.The system allows prescription drugs to be shipped to patients across the country — each user receives the pills and medical products they need on a monthly basis, along with a form specifying the frequency and days they should be taken. Interestingly, some of the larger American brick-and-mortar retailers able to keep up with Amazon have also started getting involved in the health sector.Walmart, for example, has set up branches called "The Clinic," where users can get primary care for a small fee. Sign up for notifications from Insider! Stay up to date with what you want to know. Subscribe to push notifications Read the original article on Business Insider España. Copyright 2019. This post has been translated from Spanish. Follow Business Insider España on Twitter. SEE ALSO: Amazon found an inexpensive route into brick-and-mortar retail, and it could be a crucial weapon as it competes with Walmart Deal icon An icon in the shape of a lightning bolt. For you NOW WATCH: 9 things you probably didn't know about Amazon More: BI International Business Insider España Amazon Jeff Bezos Deal icon An icon in the shape of a lightning bolt. For you Close icon Two crossed lines that form an 'X'. 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Email Zip From To Email Sent! You have successfully emailed the post. Google's 16 Biggest Acquisitions So Far, And What Happened To Them Matt Rosoff | Aug. 15, 2011, 1:01 PM | 146,258 | 7 Email More Share on Tumblr Tweet Email Share on Tumblr Matt Rosoff, Business Insider  See Also Employees Are Incredibly Optimistic About Working For These 10 Tech Companies What It's Like Using Waze, The Navigation App That's Created A $1 Billion Bidding War In Silicon Valley 11 Awesome 'Illegal' Airbnb Apartments You Can Rent In New York Right Now Google's $12.5 billion purchase of Motorola will be its biggest acquisition ever -- more than four times the size of DoubleClick, the previous leader. But over the last decade, Google has been one of the biggest -- and most successful -- acquirers in the tech industry, and owes a lot of its success to these smart buys. Its core search advertising platform and most of its biggest new businesses, including Android, YouTube, and display advertising, all come from other companies. Join us as we count down Google's top 16 acquisitions by value and show what happened to them. Click here to see Google's biggest deals → Click here to see Google's biggest deals → View As One Page Recommended For You Please follow SAI on Twitter and Facebook. Follow Matt Rosoff on Twitter. 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Pinterest Acquires Punchfork - Business Insider Tech BI Intelligence Events Trending Tech Finance Politics Strategy Life Sports Video All × From To You have successfully emailed the post. Pinterest Just Made Its First Acquisition Megan Rose Dickey Jan. 3, 2013, 12:26 PM 4,806 1 facebook linkedin twitter email print Vimeo See Also Marissa Mayer was 'outraged' people were comparing Yahoo to AOL An airline expert just revealed the secret to booking cheap flight tickets, but it's not doing so in advance 2 siblings have inherited a disease that will stop them from ever sleeping again, but they don't know when it will strike Pinterest just acquired recipe sharing site Punchfork for an undisclosed amount, marking the company's first acquisition.  Punchfork, which is essentially a Pinterest for recipes, will continue to operate for the short term but will eventually shut down its site, mobile apps, and tools for developers. "We believe that a unified destination benefits our users in the long run," Punchfork CEO Jeff Miller wrote on the company blog. Punchfork launched in January 2011 as a place to help food lovers discover new recipes and share them with friends. As part of the acquisition, the team from Punchfork will begin working on the Pinterest platform, but details are scarce regarding what features from Punchfork will be integrated into Pinterest. "Punchfork helps people discover popular new recipes in a visual way and encourages them to share these recipes with their family and friends," a Pinterest spokesperson told Business Insider via email. "People come to Pinterest to find inspiration for their everyday lives and we think Punchfork’s mission aligns with this well." SEE ALSO: Holy Cow! Buzzfeed Just Raised ANOTHER $20 Million More: Pinterest Mergers And Acquisitions Punchfork Social Discovery facebook linkedin twitter email print Recommended For You Comments Comments on this post are now closed. Insiders 0 All Comments 1 Apply To Be An "Insider" » Loading Pinterest Just Made Its First Acquisition Pinterest Just Made Its First Acquisition It's welcoming the team from a recipe-discovery site. Recommended For You Featured Neil deGrasse Tyson and Al Gore on the future of our planet — and everything else More "Innovators" » My husband and I are business partners who just had our first child — here's how we make it work More "What Matters" » Get Tech Emails & Alerts Sign-Up Learn More » Tech Select Tech Chart Of The Day Business Insider Select 10 Things In Tech You Need To Know Mobile Insights BII Mobile Insights More Featured Business Insider Select Tech Select Tech Chart Of The Day Markets Chart Of The Day 10 Things Before the Opening Bell Instant MBA Business Insider Events BI Intelligence Daily Finance Finance Select Markets Select Monday Scouting Report Your Money Select Financial Advisor Insights Smart Investor CFO Insider Finance Insider Wealth Advisor Select Strategy Strategy Select Advertising Select Retail Select Careers Select 10 Things You Need To Know In Advertising Politics Politics Select Military Select Life Life Select Transportation Select Education Select Entertainment Select Breaking News Tech Enterprise Select Science Select Mobile Chart Of The Day E-Commerce Chart Of The Day Payments Chart Of The Day Digital Media Chart Of The Day IoT Chart of the Day Fintech Briefing Charts of the Day Sports Chart Of The Day Top 10 Things 10 Things In Tech You Need To Know Closing Bell Sports Sports Latest Research Our 25 Top Tech Predictions The Payments Ecosystem Report The Fintech Ecosystem Report The Internet of Things Report Read Business Insider On The Go Available for iPhone, iPad, and Android Find A Job Tech Jobs C-Level Jobs Media Jobs Design Jobs Finance Jobs Sales Jobs See All Jobs » Thanks to our partners * Copyright © 2016 Business Insider Inc. All rights reserved. Registration on or use of this site constitutes acceptance of our Terms of Service and Privacy Policy. Disclaimer Commerce Policy Stock quotes by finanzen.net Made in NYC International Editions: UKDEAUSIDINMYSG

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Yahoo Acquires and Shuts Down Startup Ptch Menu icon A vertical stack of three evenly spaced horizontal lines. Search icon A magnifying glass. It indicates, "Click to perform a search". Insider logo The word "Insider". 0 Newsletters Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. Log in Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. Subscribe Business The word Business Life The word Life News The word News Reviews The word Reviews Business Tech Finance Markets Strategy Retail Advertising Healthcare Intelligence Life Entertainment Culture Travel Food Health Parenting Beauty Style News Politics Military & Defense Sports Opinion Reviews Tech Streaming Home Kitchen Style Beauty Gifts Deals Pets Parenting Coupons Health Learning Hobbies & Crafts Travel All A-Z Advertising Business Careers Coupons DoorDash Walmart Dell Staples Under Armour Culture Design Entertainment Executive Lifestyle Finance Food Health Healthcare Intelligence Latest Life Markets Insider Media Military & Defense News Opinion People Personal Finance Banking Credit Cards Insurance Investing Loans Mortgages Politics Premium Retail Reviews Science Sports Strategy Tech Transportation Travel TV Beauty Explorers Best in Town Bonkers Closets Festival Foodies Movies Insider Pop Culture Decoded The Making Of The Ultimate List Featured Better Capitalism Cities Connected Insider TV Master Your Money Next Stop Sustainable Finance Transforming Business About About Advertise Careers Contact Us Corporate Corrections Policy Follow RSS Sitemap Facebook Twitter Instagram YouTube LinkedIn Subscriptions Intelligence Premium Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. HOMEPAGE 0 Newsletters Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. Log in Subscribe Premium Home Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. Tech Yahoo Acquires And Shuts Down Startup Ptch Julie Bort 2013-12-04T02:12:23Z Save Article Icon A bookmark Facebook Icon The letter F. Email icon An envelope. It indicates the ability to send an email. Share icon An curved arrow pointing right. Twitter icon A stylized bird with an open mouth, tweeting. Twitter LinkedIn icon The word "in". LinkedIn Fliboard icon A stylized letter F. Flipboard Facebook Icon The letter F. Facebook Email icon An envelope. It indicates the ability to send an email. Email Link icon An image of a chain link. It symobilizes a website link url. Copy Link Download the app This story is available exclusively to Insider subscribers. Become an Insider and start reading now. Redeem now Ptch cofounder Hans Ku Hans Ku/LinkedIn Ptch, a startup that spun out of Dreamworks Animation, has been acquired by Yahoo and will shut down on January 2, 2014, the company announced on its website.Terms were not disclosed.Ptch's mobile video app was launched about a year ago and let users remix their videos with effects and music, reports TechCrunch's Matthew Panzarino.The project was the brainchild of Dreamworks CTO Ed Leonard, who left Dreamworks to become the startup's CEO, using an old storage room on the Dreamworks campus as his first office, the Verge reported at the time. However, his LinkedIn profile shows he left Ptch and returned to Dreamworks in February. (We've reached out and asked.)Cofounder Hans Ku, who announced the acquisition, also worked at DreamWorks, as did many early employees. There was about 20 employees as of a year ago, Panzarino reports.From the blog post announcing the buyout, looks like this is an acqu-hire, with Ptch employees joining Yahoo. Here's the announcement:We launched Ptch just over a year ago. Our passion and our mission was to give you the best way to make and share beautiful movies made from the photos and videos on your phone. Well, someone noticed!Today, we’re excited to announce that Ptch will be joining Yahoo! As part of the Yahoo team, we’ll be able to focus our efforts and leverage our technology to make Yahoo’s photo and video platforms the best in the world.As part of this transition, Ptch will shut down on January 2, 2014. Until then, you can download your ptches on ptch.com or save them to your camera roll from the Ptch app on your phone:On ptch.com, go to your profile page. Click on the title of the ptch and then click on the download button.In the Ptch app, go to your profile. Tap the share icon under the ptch and then tap “Save to Camera Roll.”Thank you so much for being a Ptch user and fan. We are grateful for your support and look forward to bringing you more exciting products through the Yahoo platform in the future.All the best,Hans and the Ptch Team Sign up for notifications from Insider! Stay up to date with what you want to know. Subscribe to push notifications Deal icon An icon in the shape of a lightning bolt. Keep reading Was this article valuable for you? Yes No Additional comments Email (optional) Receive a selection of our best stories daily based on your reading preferences. Submit Newsletter Get the latest tech news & scoops — delivered daily to your inbox. Loading Something is loading. Email address By clicking ‘Sign up’, you agree to receive marketing emails from Insider as well as other partner offers and accept our Terms of Service and Privacy Policy. More: Yahoo Acquisition Startup Mobile BI Prime Archive Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. 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Google Acquires Text-to-Speech Startup Phonetic Arts Menu icon A vertical stack of three evenly spaced horizontal lines. Search icon A magnifying glass. It indicates, "Click to perform a search". Insider logo The word "Insider". 0 Newsletters Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. Log in Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. Subscribe Subscribe Business The word Business Life The word Life News The word News Reviews The word Reviews Business Tech Finance Markets Strategy Retail Advertising Healthcare Intelligence Life Entertainment Culture Travel Food Health Parenting Beauty Style News Politics Military & Defense Sports Opinion Reviews Tech Streaming Home Kitchen Style Beauty Gifts Deals Pets Parenting Coupons Health Learning Hobbies & Crafts Travel All A-Z Advertising Business Careers Coupons DoorDash Walmart Dell Staples Under Armour Culture Design Entertainment Executive Lifestyle Finance Food Health Healthcare Intelligence Latest Life Markets Insider Media Military & Defense News Opinion People Personal Finance Politics Premium Retail Reviews Science Sports Strategy Tech Transportation Travel TV Beauty Explorers Best in Town Bonkers Closets Festival Foodies Movies Insider Pop Culture Decoded The Making Of The Ultimate List Featured Better Capitalism Cities Connected Insider TV Master Your Money Next Stop Sustainable Finance Transforming Business About About Advertise Careers Contact Us Corporate Corrections Policy Follow RSS Sitemap Facebook Twitter Instagram YouTube LinkedIn Subscriptions Intelligence Premium US Markets Loading... H M S In the news Close icon Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification. Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. HOMEPAGE 0 Newsletters Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. Log in Subscribe Subscribe Home Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. Tech Google Acquires Text-To-Speech Startup Phonetic Arts Nick Saint 2010-12-03T18:23:08Z Save Article Icon A bookmark Facebook Icon The letter F. Email icon An envelope. It indicates the ability to send an email. Twitter icon A stylized bird with an open mouth, tweeting. Twitter LinkedIn icon The word "in". LinkedIn Fliboard icon A stylized letter F. Flipboard Link icon An image of a chain link. It symobilizes a website link url. Copy Link Download the app Google has acquired synthetic speech startup Phonetic Arts, the company just announced.Google already has text-to-speech capability built into Google Translate, but admits that the quality leaves much to be desired. Google's announcement hints that the company has much broader plans for text-to-speech in the future, but doesn't go into specifics. But there are plenty of ways good text-to-speech could be useful on mobile devices if it were built in to Android. Financial details of the acquisition have not been disclosed.All the other companies Google has acquired recently → Sign up for notifications from Insider! Stay up to date with what you want to know. Subscribe to push notifications Deal icon An icon in the shape of a lightning bolt. Keep reading Newsletter Get the latest tech news & scoops — delivered daily to your inbox. Loading Something is loading. Email address By clicking ‘Sign up’, you agree to receive marketing emails from Insider as well as other partner offers and accept our Terms of Service and Privacy Policy. More: Startups Google Mergers And Acquisitions Android Close icon Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification. Recommended Video Follow us on: * Copyright © 2022 Insider Inc. All rights reserved. Registration on or use of this site constitutes acceptance of our Terms of Service ,  Privacy Policy and Cookies Policy . Contact Us Sitemap Disclaimer Accessibility Commerce Policy Advertising Policies CA Privacy Rights Coupons Made in NYC Jobs Stock quotes by finanzen.net Reprints & Permissions International Editions: United States US International INTL Asia AS Deutschland & Österreich AT Deutschland DE España ES India IN Japan JP México MX Netherlands NL Polska PL South Africa ZA

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Palm SEC Filing Says the FTC Has Signed Off on Its Acquisition by HP. Still Needs Approval by Shareholders. Menu icon A vertical stack of three evenly spaced horizontal lines. Search icon A magnifying glass. It indicates, "Click to perform a search". Insider logo The word "Insider". 0 Newsletters Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. Log in Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. Subscribe Business The word Business Life The word Life News The word News Reviews The word Reviews Business Tech Finance Markets Strategy Retail Advertising Healthcare Intelligence Life Entertainment Culture Travel Food Health Parenting Beauty Style News Politics Military & Defense Sports Opinion Reviews Tech Streaming Home Kitchen Style Beauty Gifts Deals Pets Parenting Coupons Health Learning Hobbies & Crafts Travel All A-Z Advertising Business Careers Coupons DoorDash Walmart Dell Staples Under Armour Culture Design Entertainment Executive Lifestyle Finance Food Health Healthcare Intelligence Latest Life Markets Insider Media Military & Defense News Opinion People Personal Finance Banking Credit Cards Insurance Investing Loans Mortgages Politics Premium Retail Reviews Science Sports Strategy Tech Transportation Travel TV Beauty Explorers Best in Town Bonkers Closets Festival Foodies Movies Insider Pop Culture Decoded The Making Of The Ultimate List Featured Talent Insider About About Advertise Careers Code of Ethics Contact Us Corporate Corrections Policy Follow RSS Sitemap Facebook Twitter Instagram YouTube LinkedIn Subscriptions Intelligence Premium US Markets Loading... H M S In the news Close icon Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification. Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. HOMEPAGE 0 Newsletters Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. Log in Subscribe Home Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. Tech Palm SEC filing says the FTC has signed off on its acquisition by HP. Still needs approval by shareholders. Updated 2010-06-02T21:56:07Z Save Article Icon A bookmark Facebook Icon The letter F. Email icon An envelope. It indicates the ability to send an email. Share icon An curved arrow pointing right. Twitter icon A stylized bird with an open mouth, tweeting. Twitter LinkedIn icon The word "in". LinkedIn Fliboard icon A stylized letter F. Flipboard Facebook Icon The letter F. Facebook Email icon An envelope. It indicates the ability to send an email. Email Link icon An image of a chain link. It symobilizes a website link url. Copy Link Download the app Redeem now Palm SEC filing says the FTC has signed off on its acquisition by HP. Still needs approval by shareholders. Sign up for notifications from Insider! Stay up to date with what you want to know. Subscribe to push notifications Deal icon An icon in the shape of a lightning bolt. Keep reading Newsletter Get the latest tech news & scoops — delivered daily to your inbox. Loading Something is loading. Email address By clicking ‘Sign up’, you agree to receive marketing emails from Insider as well as other partner offers and accept our Terms of Service and Privacy Policy. Follow us on: * Copyright © 2022 Insider Inc. All rights reserved. Registration on or use of this site constitutes acceptance of our Terms of Service ,  Privacy Policy and Cookies Policy . Contact Us Sitemap Disclaimer Accessibility Commerce Policy Advertising Policies CA Privacy Rights Coupons Made in NYC Jobs @ Insider Stock quotes by finanzen.net Reprints & Permissions International Editions: United States US International INTL Asia AS Deutschland & Österreich AT Deutschland DE España ES India IN Japan JP México MX Netherlands NL Polska PL South Africa ZA

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What It Feels Like To Buy The Company You Always Looked Up To http://www.businessinsider.com/newscred-acquires-daylife-2012-10 en-us Wed, 17 Oct 2012 14:32:32 -0400 Sat, 18 May 2013 03:38:35 -0400 Megan Rose Dickey

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9to5Mac Has Acquired an Internal Memo Se Menu icon A vertical stack of three evenly spaced horizontal lines. Search icon A magnifying glass. It indicates, "Click to perform a search". Insider logo The word "Insider". 0 Newsletters Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. Log in Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. Subscribe Subscribe Business The word Business Life The word Life News The word News Reviews The word Reviews Business Tech Finance Markets Strategy Retail Advertising Healthcare Intelligence Life Entertainment Culture Travel Food Health Parenting Beauty Style News Politics Military & Defense Sports Opinion Reviews Tech Streaming Home Kitchen Style Beauty Gifts Deals Pets Parenting Coupons Health Learning Hobbies & Crafts Travel All A-Z Advertising Business Careers Coupons DoorDash Walmart Dell Staples Under Armour Culture Design Entertainment Executive Lifestyle Finance Food Health Healthcare Intelligence Latest Life Markets Insider Media Military & Defense News Opinion People Personal Finance Banking Credit Cards Insurance Investing Loans Mortgages Politics Premium Retail Reviews Science Sports Strategy Tech Transportation Travel TV Beauty Explorers Best in Town Bonkers Closets Festival Foodies Movies Insider Pop Culture Decoded The Making Of The Ultimate List Featured Better Capitalism Cities Connected Insider TV Master Your Money Next Stop Sustainable Finance Transforming Business About About Advertise Careers Contact Us Corporate Corrections Policy Follow RSS Sitemap Facebook Twitter Instagram YouTube LinkedIn Subscriptions Intelligence Premium US Markets Loading... H M S In the news Close icon Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification. Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. HOMEPAGE 0 Newsletters Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. Log in Subscribe Subscribe Home Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. Tech 9to5Mac has acquired an internal memo se Jillian D'Onfro 2014-10-15T22:06:00Z Save Article Icon A bookmark Facebook Icon The letter F. Email icon An envelope. It indicates the ability to send an email. Share icon An curved arrow pointing right. Twitter icon A stylized bird with an open mouth, tweeting. Twitter LinkedIn icon The word "in". LinkedIn Fliboard icon A stylized letter F. Flipboard Link icon An image of a chain link. It symobilizes a website link url. Copy Link Download the app 9to5Mac has acquired an internal memo sent to Panera Bread employees that says that Apple will launch its mobile payment platform, Apple Pay, on October 20. Apple is expected to announce the date of Apple Pay 's launch at its iPad event tomorrow. Learn more: Credit Card Industry and Market Mobile Payment Technologies Mobile Payments Industry Mobile Payment Market, Trends and Adoption Credit Card Processing Industry List of Credit Card Processing Companies List of Credit Card Processing Networks List of Payment Gateway Providers M-Commerce: Mobile Shopping Trends E-Commerce Payment Technologies and Trends Sign up for notifications from Insider! Stay up to date with what you want to know. Subscribe to push notifications Deal icon An icon in the shape of a lightning bolt. Keep reading Newsletter Get the latest tech news & scoops — delivered daily to your inbox. Loading Something is loading. Email address By clicking ‘Sign up’, you agree to receive marketing emails from Insider as well as other partner offers and accept our Terms of Service and Privacy Policy. More: Apple Pay Follow us on: * Copyright © 2022 Insider Inc. All rights reserved. Registration on or use of this site constitutes acceptance of our Terms of Service ,  Privacy Policy and Cookies Policy . Contact Us Sitemap Disclaimer Accessibility Commerce Policy Advertising Policies CA Privacy Rights Coupons Made in NYC Jobs Stock quotes by finanzen.net Reprints & Permissions International Editions: United States US International INTL Asia AS Deutschland & Österreich AT Deutschland DE España ES India IN Japan JP México MX Netherlands NL Polska PL South Africa ZA

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11 Cloud Companies That Could Be Takeover Targets in 2022 Menu icon A vertical stack of three evenly spaced horizontal lines. Search icon A magnifying glass. It indicates, "Click to perform a search". Insider logo The word "Insider". 0 Newsletters Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. Log in Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. Subscribe Subscribe Business The word Business Life The word Life News The word News Reviews The word Reviews Business Tech Finance Markets Strategy Retail Advertising Healthcare Intelligence Life Entertainment Culture Travel Food Health Parenting Beauty Style News Politics Military & Defense Sports Opinion Reviews Tech Streaming Home Kitchen Style Beauty Gifts Deals Pets Parenting Coupons Health Learning Hobbies & Crafts Travel All A-Z Advertising Business Careers Coupons DoorDash Walmart Dell Staples Under Armour Culture Design Entertainment Executive Lifestyle Finance Food Health Healthcare Intelligence Latest Life Markets Insider Media Military & Defense News Opinion People Personal Finance Politics Premium Retail Reviews Science Sports Strategy Tech Transportation Travel TV Beauty Explorers Best in Town Bonkers Closets Festival Foodies Movies Insider Pop Culture Decoded The Making Of The Ultimate List Featured Better Capitalism Cities Connected Insider TV Master Your Money Next Stop Sustainable Finance Transforming Business About About Advertise Careers Contact Us Corporate Corrections Policy Follow RSS Sitemap Facebook Twitter Instagram YouTube LinkedIn Subscriptions Intelligence Premium US Markets Loading... H M S In the news Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. HOMEPAGE 0 Newsletters Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. Log in Subscribe Subscribe Premium Home Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. Enterprise Citrix is getting gobbled up by private equity for $16.5 billion. Here are 11 other potential cloud M&A takeover targets in 2022. Belle Lin 2022-01-31T20:33:00Z Save Article Icon A bookmark Facebook Icon The letter F. Email icon An envelope. It indicates the ability to send an email. Twitter icon A stylized bird with an open mouth, tweeting. Twitter LinkedIn icon The word "in". LinkedIn Fliboard icon A stylized letter F. Flipboard Link icon An image of a chain link. It symobilizes a website link url. Copy Link Download the app Shantanu Narayen, the CEO of Adobe, which analysts say is a prospective but long-shot takeover target this year. Adobe This story is available exclusively to Insider subscribers. Become an Insider and start reading now. Cloud software firm Citrix is getting bought by private equity firms for $16.5 billion. Public company valuations have been hit hard this month, meaning buyers could get better deals. Here are 11 more companies analysts identified as hot prospective buys in the cloud market. Wall Street and tech analysts are predicting that 2022 could bring on a merger-and-acquisition shopping spree from the tech giants and private investors.Private-equity firms Vista Equity Partners and Evergreen Coast Capital (an Elliott Management Corporation affiliate) just announced a deal to acquire remote-work software firm Citrix for $16.5 billion in cash, the companies announced Monday. The deal will take Citrix private and combine it with TIBCO, the data integration company that Vista bought in 2014 for $4.3 billion. It's one of the largest buyouts in the past few months, and analysts predict more private-equity takeovers to come this year.But the tech giants have been shopping too: Microsoft announced two weeks ago it was making its largest-ever acquisition, buying video-game publisher Activision in an all-cash deal valued at about $68.7 billion. Earlier this month, Google Cloud bought the Israeli security startup Siemplify for about $500 million. And right at the end of 2021, Oracle announced it planned to buy medical the records giant Cerner in a $28 billion deal.Indeed, more deals seem likely given this month's market woes, where tech stocks across the board have been hit hard — suppressing their market caps and perhaps making takeover bids more feasible. Big names like Zoom are down 22%, and others as low as 40%, in the stock market's worst downturn since the first COVID-19 crash."The market downturn will lead to a surge of M&A in the tech sector," Wedbush analyst Dan Ives told Insider. "Between strategic and financial buyers there is roughly $600 billion of dry powder to do deals."Matthew Hedberg, managing director of software research at RBC Capital Markets, told Insider that declining software-company valuations could indeed "open up some interesting potential M&A" from tech's biggest players.In the cloud-computing and software space in particular, more deals could be on the horizon. Fluctuating startup and big company valuations, plus a changing view of M&A from the big cloud vendors, will likely lead to some top-dollar acquisitions this year, analysts told Insider.Tech giants also have more buying power right now because they haven't been as punished by market volatility , Dan Newman, Futurum's principal analyst, said. So for an Amazon, Microsoft, or Google, if they "see something on sale, and it's going to fill a particular need," they're likely to set out on some "opportunistic shopping," Newman said.Microsoft in particular has an even stronger position after reporting strong third-quarter earnings on Tuesday, led by its Azure cloud growth, which Ives called "robust cloud guidance 'for the ages," in a recent investor note.To get a sense of which other companies might be on the tech giants' shopping lists this year, Insider asked analysts which firms they thought were ripe for acquisition. The companies included specialize in security, productivity software, data, and developer tools.Here are the 11 cloud and software companies that analysts say are the most likely takeover targets this year, sorted by current valuation from smallest to largest: Ping Identity: $1.66 billion Andre Durand, the CEO of Ping Identity. Ping Identity The security-software company Ping Identity had a big uptick in customer interest amid the pandemic, CEO Andre Durand told Insider in 2020.Companies with more than 100,000 employees turned to the $1.66 billion firm to manage the security of their networks, he said, and the shift is part of a larger trend toward a security-first mindset.Ping Identity could be a good buy for VMware, which may get more aggressive in M&A this year, Hedberg, the RBC analyst, told Insider. "Security is a good opportunity for VMware," Hedberg said, especially the security-identity space that Ping Identity plays in.Ping Identity is also going through a cloud transition, he said, which creates more shared goals between the two companies. Box: $3.88 billion Aaron Levie, the CEO of Box. Justin Sullivan/Getty Images Box, the $3.88 billion cloud-storage company, recently underwent investor drama, so it may be wary of future M&A activity.It won a board fight against the activist investor Starboard last year, when the investor raised concerns with Box's growth, Insider reported last year. After a $500 million investment from the private-equity firm KKR last April, analysts said Box now had a little more breathing room and may not be exploring a sale.But to Newman, the Futurum analyst, Box could be "in play" as an acquisition target. Box could fit well into the portfolio of a company like Amazon Web Services, which doesn't have a robust business-productivity suite of its own, Newman previously told Insider."They're the kind of company that adds something that right now even the Salesforce partnership and the current suite of products doesn't directly address, that Microsoft and Google are both very actively addressing," he said. Smartsheet: $7.85 billion Mark Mader, the CEO of Smartsheet. Smartsheet Smartsheet, a $7.85 billion work-management-software company that went public just a few years ago, is focused on maintaining its growth, CEO Mark Mader recently told Insider.Part of that goal is making sure it remains the software vendor of choice for startups and big enterprises, especially as it faces competition from the likes of Monday.com and Asana.Hedberg said Smartsheet could be a buy for its fellow Pacific Northwest company Microsoft. Though Microsoft already has a suite of project-management tools, Smartsheet's offering could be "extremely tangential," he told Insider.Plus, with the race for software and productivity applications heating up among the big cloud companies, Microsoft has done a better job than Amazon Web Services and Google of dominating the space, Hedberg added."Getting deeper into something like project management would be just another layer of application growth built on top of Azure," he said. Five9: $8.55 billion Rowan Trollope, the CEO of Five9. Five9 The $8.55 billion cloud-contact-center provider Five9 was in the spotlight in October when its nearly $15 billion deal to be acquired by the videoconferencing giant Zoom was called off.The two companies decided to mutually nix the deal, with Five9 CEO Rowan Trollope telling Insider at the time that he was excited for Five9's prospects as a stand-alone company.But since then, Five9's stock price has fallen, and Newman told Insider that the acquisition could be back on the table."I know a lot of people thought this is done, but both companies are trying to figure out how to expand their portfolio," he said.At the same time, Newman said Amazon could also be interested in taking over Five9 to add to Connect, its own cloud-contact-center product. GitLab: $9.28 billion Sid Sijbrandij, the CEO of GitLab. Sid Sijbrandij GitLab, the $9.28 billion maker of tools for developers to store and collaborate on their code, went public in October, soaring 35% on its first day and hitting a $15 billion market cap .At the time, GitLab CEO Sid Sijbrandij told Insider three things helped the company stand out: its ability to work on any cloud provider, being based on the open-source software Git, and combining everything developers need on one platform.Despite GitLab's recent initial public offering, it could be an attractive acquisition for any of the big three cloud providers or even other big tech players like VMware and Cisco, Hedberg said.According to Hedberg, the developer-tool space is heating up quickly, and GitLab has a strong position in a category that many tech giants are hoping to make headway in."I think we'll see a lot more of these developer-led models that happen to have an open-source core but a proprietary stack on top and, thus, gets the attention of some of the cloud hyperscalers," he said. Splunk: $19.67 billion Teresa Carlson, the president and chief growth officer of Splunk. Splunk The $19.67 billion data-analytics company Splunk has had its ups and downs. Founded in the era of data centers, it has struggled to fully transition to the cloud and adjust its pricing model.Plus, it went through leadership shake-ups last year: CEO Doug Merritt stepped down from his role in November, while the longtime Amazon cloud executive Teresa Carlson joined the company as its president and chief growth officer in April.Splunk made the list of takeover targets for Hedberg because "it's too cheap," he said, citing the company's product and ability to execute.Its transition to a fully cloud-based company could bring positive revenue growth this year, and signing on a new CEO could help the business, too, according to Hedberg.Cisco could be a buyer for Splunk, especially if the company isn't able to step up its execution this year, Hedberg said. The two companies have a strategic partnership where Splunk's products run on Cisco hardware. DocuSign: $24.88 billion Dan Springer, the CEO of DocuSign. DocuSign DocuSign, the $24.88 billion electronic-signature company that went public in 2018, was once considered a popular "stay-at-home" stock — a company type that rebounded during the coronavirus lockdowns.The firm's digital-signature service is also sold to government customers, and it was one of the first cloud-based e-signature providers to be certified by FedRAMP, the federal government's program for ensuring cloud services pass security muster.Yet the company's stock fell nearly 40% after it reported fourth-quarter earnings in December, making it a more attractive acquisition target for a cloud provider, Newman said.Amazon, for example, would benefit from "instant product diversification" if it bought DocuSign, and market conditions make DocuSign a more attractive purchase, he said. MongoDB: $27 billion Dev Ittycheria, the CEO of MongoDB. MongoDB MongoDB, the $27 billion database company that went public in 2017, had a strong year. Its Atlas cloud-database service made up more than half of its sales last quarter, and revenue jumped 84% in that same period.As with its fellow cloud-data company Databricks, part of its success stems from its origins as an open-source project. Still, it competes against the biggest of rivals, including the cloud giants Amazon Web Services, Microsoft Azure, and Google Cloud.But MongoDB could be a takeover target for Salesforce, which may be looking into "back-office applications," or those that work behind the scenes, such as a data warehouse, according to Hedberg.MongoDB is a leader in its category, Hedberg wrote in a recent research note, and Salesforce could create a strong bundle by selling its MuleSoft data-integration tool with MongoDB. Databricks: $38 billion Ali Ghodsi, the CEO of Databricks. Databricks The data-analytics startup Databricks has seen its valuation soar sixfold in less than two years. After its latest $1.6 billion funding round in August, it's now valued at $38 billion.Investors have said that the success of Databricks comes from its open-source background (it was born out of the c project) and its positioning as a Swiss army knife of data-science functionality.Though there has long been speculation that the company will go public in the near future, Newman said the timing might not be right."The way growth is being treated right now," he said, "are they going to get a fair evaluation trying to go public?"That means while Databricks may not have been an acquisition target in the past, current market conditions could change things, Newman said. Zoom: $45.91 billion Eric Yuan, the CEO of Zoom. Courtesy of Comparably The cloud-based videoconferencing company Zoom had a blockbuster 2020, with pandemic-driven remote work driving extraordinary growth. But lately, Wall Street has been asking for more and pushing hot cloud-software winners to find new ways to grow.With the gap in its business-software portfolio, Amazon has the resources and motivation to buy the $45.91 billion company, Newman said. Amazon's own videoconferencing software, Chime, hasn't seen the same mainstream success as Slack and Microsoft's Teams app, which Newman called "the uncontested giant" in communications software.Salesforce could also be a contender to take over Zoom, though such a deal would be "very audacious," Newman said. The customer-relationship-management giant already bought Slack for $27.7 billion, but it doesn't yet have a real-time meeting app, he added."If you suddenly took Slack and Salesforce and Zoom, that's a pretty bullish cloud platform for collaboration," he said. Adobe: $251.95 billion Shantanu Narayen, the CEO of Adobe. Adobe The software giant Adobe is best-known for inventing the PDF document format and the photo-editing software Photoshop. But it has also been investing in artificial intelligence to transform its document technology and expanding its digital-experience business, which helps companies do things like set up websites and handle marketing. The $251.95 billion company is also a positioned to play a big part in the metaverse, the virtual space where people can exist digitally, Newman said. Adobe's software tools could be used to create that future, analysts like Bernstein's Mark Moerdler say."Everybody's going to be looking for the play to carry me over into the metaverse," Newman said.And with the recent compressing of stock valuations, even a large company like Adobe could be an acquisition target, he said. Deal icon An icon in the shape of a lightning bolt. Keep reading Was this article valuable for you? 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Tyson Foods to Acquire AdvancePierre for $3.2 Billion Menu icon A vertical stack of three evenly spaced horizontal lines. Search icon A magnifying glass. It indicates, "Click to perform a search". Insider logo The word "Insider". 0 Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. Log in Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. Subscribe Subscribe Business The word Business Life The word Life News The word News Reviews The word Reviews Search icon A magnifying glass. It indicates, "Click to perform a search". Insider logo The word "Insider". Close icon Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification. 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It often indicates a user profile. Log in Subscribe Subscribe Newsletters World globe An icon of the world globe, indicating different international options." US Edition US INTL Asia Deutschland & Österreich Australia España India Japan México Netherlands Polska South Africa Get the Insider App Click here to learn more A leading-edge research firm focused on digital transformation. See our Research Facebook Icon The letter F. Twitter icon A stylized bird with an open mouth, tweeting. LinkedIn icon The word "in". YouTube icon A play button in the shape of a television screen. Instagram icon A stylized camera. * Copyright © 2022. All rights reserved. Registration on or use of this site constitutes acceptance of our Terms of Service ,  Privacy Policy and Cookies Policy. Sitemap Disclaimer Accessibility Commerce Policy CA Privacy Rights Coupons Made in NYC Jobs Stock quotes by finanzen.net Reprints & Permissions Insider logo The word "Insider". Close icon Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification. Good Subscriber Account active since Shortcuts Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. Profile Newsletters FAQs Subscription Log out US Markets Loading... H M S In the news Close icon Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification. Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. HOMEPAGE Subscribe Subscribe Home Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. Markets Tyson Foods is buying packaged-food maker AdvancePierre for $3.2 billion Joe Ciolli 2017-04-25T12:06:00Z Facebook Icon The letter F. Email icon An envelope. It indicates the ability to send an email. Twitter icon A stylized bird with an open mouth, tweeting. Twitter LinkedIn icon The word "in". LinkedIn Fliboard icon A stylized letter F. Flipboard Link icon An image of a chain link. It symobilizes a website link url. Copy Link Flickr/Robert Couse-Baker Tyson Foods is expanding its dominant position in the US meat market. Already the largest US meat company, Tyson agreed to buy packaged-food maker AdvancePierre Food Holdings for $3.2 billion. The Springdale, Arkansas-based producer of chicken, beef and pork will pay $40.25 per share in cash for AdvancePierre. That's almost double the initial public offering price for AdvancePierre, which was taken public by Oaktree Capital at $21 per share in September 2016. The firm still owns 42% of the company's outstanding shares.AdvancePierre's shares surged 9.1% in pre-market trading on the news."This combination will allow AdvancePierre to accelerate its growth and broaden its distribution network by leveraging Tyson's existing distribution infrastructure and go-to-market capabilities," AdvancePierre president and CEO Christopher D. Sliva said in a statement.Morgan Stanley is serving as exclusive financial advisor to Tyson, while Credit Suisse and Moelis are advising AdvancePierre. Tyson said on April 24 that it was exploring the sale of three non-protein businesses — Sara Lee Frozen Bakery, the Kettle business and Van's — which produce items such as frozen desserts, waffles, breakfast bars and soups. Rothschild is acting as the company's financial advisor on the sale. Sign up for notifications from Insider! Stay up to date with what you want to know. Subscribe to push notifications Newsletter Get the inside scoop on what traders are talking about — delivered daily to your inbox. Loading Something is loading. Email address By clicking ‘Sign up’, you agree to receive marketing emails from Insider as well as other partner offers and accept our Terms of Service and Privacy Policy. SEE ALSO: The CEO of Tyson Foods sees a growing demand for plant-based protein Deal icon An icon in the shape of a lightning bolt. For you NOW WATCH: More: M&A meat industry acquisitions Deal icon An icon in the shape of a lightning bolt. For you Close icon Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification. Recommended Video Follow us on: * Copyright © 2022 Insider Inc. All rights reserved. Registration on or use of this site constitutes acceptance of our Terms of Service ,  Privacy Policy and Cookies Policy . 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SFW Capital to Acquire Majority Stake in Captify Menu icon A vertical stack of three evenly spaced horizontal lines. Search icon A magnifying glass. It indicates, "Click to perform a search". Insider logo The word "Insider". 0 Newsletters Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. Log in Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. 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H M S In the news Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. HOMEPAGE 0 Newsletters Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. Log in Subscribe Premium Home Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. Advertising Adtech company Captify just sold a majority stake in its business to a private-equity firm as it vies to become advertisers' 'search intelligence' alternative to Google Lara O'Reilly 2021-07-14T09:00:00Z Save Article Icon A bookmark Facebook Icon The letter F. Email icon An envelope. It indicates the ability to send an email. Share icon An curved arrow pointing right. Twitter icon A stylized bird with an open mouth, tweeting. Twitter LinkedIn icon The word "in". LinkedIn Fliboard icon A stylized letter F. Flipboard Facebook Icon The letter F. Facebook Email icon An envelope. It indicates the ability to send an email. Email Link icon An image of a chain link. It symobilizes a website link url. Copy Link Download the app Dominic Joseph, Captify CEO and cofounder. Captify Technologies This story is available exclusively to Insider subscribers. Become an Insider and start reading now. Redeem now Private equity firm SFW Capital is set to acquire a majority stake in adtech company Captify. Terms of the deal were not disclosed. Captify now plans to continue its global expansion — though an IPO isn't yet on the cards. SFW Capital, a US private-equity firm focused on data-centric businesses has entered an agreement to acquire a majority stake in adtech firm Captify, the pair said Wednesday.Terms of the deal were not disclosed.Founded in London, UK in 2011, Captify describes itself as a "search intelligence platform." The company collects data from searches performed on publisher and e-commerce websites to offer insights to advertisers looking to target particular audiences who have shown interest in certain products or topics.More-recently, Captify has expanded that offering into the fast-growing connected-TV space, allowing advertisers to use that search data to target users watching programming on over-the-top TV apps and other forms of video. This year it also launched a self-service platform, that allows advertisers and agencies to plan and buy digital-ad campaigns using its search data, without the need for human support.Captify has raised $12.3 million in funding to date, confirmed a company spokesperson. Insider reported the company was on track to generate between $60 million and $80 million in revenue in 2020; the spokesperson said Captify was also profitable last year, though didn't offer specifics. The company currently has around 280 employees.Omair Sarwar, partner at SFW Capital, told Insider the two companies began talking about a deal late last year and that the private-equity firm was particularly drawn to Captify's data assets as advertisers are increasingly looking for solutions that aren't reliant on third-party cookies. Google last year said it soon plans to phase out the use of this tracking technology in Chrome, the world's most-popular browser, though it recently extended the deadline to 2023.Dominic Joseph, CEO and cofounder of Captify, told Insider the company fielded multiple private-equity bidders as part of this process. Under its new ownership, Captify plans to extend its growth geographically, particularly in the US, he said. Acquisitions, too, could play a part in that growth, Joseph said. However, he added, "Our desire is not to work toward an IPO.""Our ambition is to scale the business globally," Joseph said. He added that Captify wants to use SFW's support to continue "rolling out product, supporting clients with industry changes like cookies, evolving from being heavily managed-service to a hybrid between the two" and to "keep bringing search intelligence into the hands of marketers and publishers in a way they have never had before."The SFW-Captify deal marks the latest in a flurry of dealmaking and IPOs in the adtech space, amid a recent surge in digital ad spending, a rise in the valuations of public adtech companies, and growing investor interest for adtech in newer areas such as streaming TV, ecommerce, and identity. More broadly, private-equity dealmaking has also been on a tear, with firms in the sector closing 3,708 deals worth a combined $456.6 billion in the second-quarter of 2021, according to PitchBook.  Sign up for notifications from Insider! Stay up to date with what you want to know. Subscribe to push notifications Deal icon An icon in the shape of a lightning bolt. 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People worried about Chinese outbound M&A - Business Insider Finance BI Intelligence Events Trending Tech Finance Politics Strategy Life Sports Video All × From To You have successfully emailed the post. China is buying up American companies fast, and it's freaking people out Portia Crowe Feb. 21, 2016, 12:05 PM 198,655 160 facebook linkedin twitter email print Reuters See Also Jim Rogers on China and commodities – lessons for forever China's giant population is reshaping the global economy This one chart tells you everything you need to know about how important China is to the global economy Here's a story you'll be hearing about a lot this year. Chinese companies have been buying up foreign businesses, including American ones, at a record rate, and it's freaking lawmakers out. There is General Electric's sale of its appliance business to Qingdao-based Haier, Zoomlion's bid for the heavy-lifting-equipment maker Terex Corp., and ChemChina's record-breaking deal for the Swiss seeds and pesticides group Syngenta, valued at $48 billion. Most recently, a unit of the Chinese conglomerate HNA Group said it would buy the technology distributor Ingram Micro for $6 billion. And the most contentious deal so far might be the Chinese-led investor group Chongqing Casin Enterprise's bid for the Chicago Stock Exchange. A deal spree To date, there have been 102 Chinese outbound mergers-and-acquisitions deals announced this year, amounting to $81.6 billion in value, according to Dealogic. That's up from 72 deals worth $11 billion in the same period last year. And they're not expected to let up anytime soon. Slow economic growth in China and cheap prices abroad due to the stock market's recent sell-off suggest the opposite. "With the slowdown of the economy, Chinese corporates are increasingly looking to inorganic avenues to supplement their growth," Vikas Seth, head of emerging markets in the investment-banking and capital-markets department at Credit Suisse, told Business Insider earlier this month. Kim Kyung-Hoon/ReutersPresident Obama and President Xi Jinping.China's economic growth in 2015 was its slowest in 25 years. The law firm O'Melveny & Myers recently surveyed their mainly China-based clients and found that the economic growth potential in the US was the main factor making it an attractive investment destination. Nearly half of respondents agreed that the US was the most attractive market for investment, but 47% felt that US laws and regulations were a major barrier. They'd be right about that. A major barrier Forty-five members of Congress this week signed a letter to the Treasury Department's Committee on Foreign Investment in the US, or CFIUS, urging it to conduct a "full and rigorous investigation" of the Chicago Stock Exchange acquisition. "This proposed acquisition would be the first time a Chinese-owned, possibly state-influenced, firm maintained direct access into the $22 trillion US equity marketplace," the letter reads. "While it is unclear the level of influence the state holds over CCEG, the firm is involved in a number of important Chinese sectors that would likely require close ties to the state." CFIUS is meant to vet deals for any national-security issues. It recently prevented the $3.3 billion sale of Philips' lighting business to a group of buyers in Asia, but its reasons for blocking that deal weren't disclosed. Reuters "I would be very surprised if CFIUS did not have an interest in taking a look at this deal," said Anne Salladin of law firm Stroock & Stroock, referring to the Chicago Stock Exchange deal. Also this week, California-based Fairchild Semiconductor refused an offer from the state-backed China Resources and Hua Capital, the Financial Times reported. They bid $2.6 billion for the company, but Fairchild turned it down, citing concerns about US regulators, and accepted a lower bid from a US-based rival. While not all the companies doing the buying are state-owned enterprises, they do need to have the full backing of the Chinese government in order to close foreign deals. That's because they need approval to get enough foreign exchange to pay for the acquisitions, something the government monitors closely. Given the recent volume of deals, though, it would appear that the Chinese government is supportive of the foreign-buying spree. That may be exactly what has folks so worried. SEE ALSO: It looks like the US government just scared off a huge Chinese investor NOW WATCH: British entrepreneurs are bottling fresh air and selling it to China for $115 a pop Loading video... More: China Chinese deals Mergers And Acquisitions facebook linkedin twitter email print Recommended For You Comments Comments on this post are now closed. Insiders 2 All Comments 160 Apply To Be An "Insider" » Loading China is buying up American companies fast, and it's freaking people out China is buying up American companies fast, and it's freaking people out Here's a story you'll be hearing about a lot... 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Twitter Acquires TenXer Menu icon A vertical stack of three evenly spaced horizontal lines. Search icon A magnifying glass. It indicates, "Click to perform a search". Insider logo The word "Insider". 0 Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. Log in Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. Subscribe Subscribe Business The word Business Life The word Life News The word News Reviews The word Reviews Search icon A magnifying glass. It indicates, "Click to perform a search". Insider logo The word "Insider". Close icon Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification. 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HOMEPAGE Subscribe Subscribe Premium Home Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. Tech The blackjack genius who inspired the movie '21' just sold his startup to Twitter for about $50 million Matt Weinberger 2015-04-02T17:26:00Z Facebook Icon The letter F. Email icon An envelope. It indicates the ability to send an email. Twitter icon A stylized bird with an open mouth, tweeting. Twitter LinkedIn icon The word "in". LinkedIn Fliboard icon A stylized letter F. Flipboard Link icon An image of a chain link. It symobilizes a website link url. Copy Link This story is available exclusively to Insider subscribers. Become an Insider and start reading now. Jeff Ma. Jeff Ma Jeff Ma, the former rule-bending MIT blackjack player who was the inspiration for the 2008 Kevin Spacey movie "21," has just sold his startup, TenXer, to Twitter, which he confirmed in a tweet. TechCrunch first reported the acquisition.The value of the deal is placed at "under $50 million," TechCrunch reports."TenXer" refers to the very Silicon Valley idea of "the 10x engineer," one developer who can do the job of 10. Ma's startup provides management software to help developers work together in a better way and put out more stuff faster — the order of the day in big tech companies in all markets."When we first started tenXer, our goal was to improve the way people worked by using data and analytics to increase transparency and visibility," Ma said in a farewell note to customers, as TechCrunch's report notes.TenXer will be shutting its doors as the team moves to work within Twitter. By all indications, the team will be working within the bounds of Twitter itself, but there's always the possibility that it'll make the TenXer tools available to outsiders as part of its outreach to help others build on top of the Twitter platform.Ma has an interesting background. At MIT, he participated in its infamous Blackjack Team, which counted cards in Las Vegas for massive financial gain. He was the central character in the nonfiction book "Bringing Down the House," in which he is renamed Kevin Lewis, and in the movie based on it, "21," where he was given the name Ben Campbell (played by Jim Sturgess).In this clip from "21," Ma's character meets Kevin Spacey's for the first time:Later, he would use his experience in predictive analytics to go on to cofound a sports stock trading site called ProTrade, which has since shut down, and a sports statistic app called Citizen Sports, bought by Yahoo in 2010. He also does weekly appearances on ESPN as its resident analytics expert.TenXer had previously taken in $5 million in venture funding from firms including Khosla Ventures, Google Ventures, and True Ventures. Sign up for notifications from Insider! Stay up to date with what you want to know. Subscribe to push notifications Was this article valuable for you? 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Google M&A Chief: I Have An Unlimited Budget For Making Acquisitions - Business Insider Tech BI Intelligence Events Trending Tech Finance Politics Strategy Life Sports Video All Continue to Business Insider » You will be redirected in seconds. × From To You have successfully emailed the post. Google M&A Chief: I Have An Unlimited Budget For Making Acquisitions Jay Yarow Sep. 18, 2012, 9:57 AM 3,197 1 facebook linkedin twitter email print Hey startups, if Google is looking at buying your company make sure you ask for double what you think you're worth. Google's not going to say it can't afford you! In an interview at Bloomberg, David Lawee, who leads Google's mergers and acquisitions business says he has an unlimited budget for buying companies. He says that if he had a budget then Google couldn't make big acquisitions like Motorola. That would have probably blown out the budget since it was $12.5 billion. More: Google Mergers And Acquisitions facebook linkedin twitter email print Recommended For You Comments Comments on this post are now closed. Insiders 0 All Comments 1 Apply To Be An "Insider" » Loading Google M&A Chief: I Have An Unlimited Budget For Making Acquisitions Google M&A Chief: I Have An Unlimited Budget For Making Acquisitions Hear that startups? Recommended For You Featured How data is saving the retail industry More "Digital Business Decoded" » 3 types of insurance that can protect your family for years to come More "World 2.0" » Get Tech Emails & Alerts Sign-Up Learn More » Tech Select Tech Chart Of The Day Business Insider Select 10 Things In Tech You Need To Know Mobile Insights BII Mobile Insights More Featured Business Insider Select Tech Select Tech Chart Of The Day Markets Chart Of The Day 10 Things Before the Opening Bell Instant MBA Business Insider Events BI Intelligence Daily Finance Finance Select Markets Select Monday Scouting Report Your Money Select Financial Advisor Insights Smart Investor CFO Insider Prime Finance Strategy Strategy Select Advertising Select Retail Select Careers Select null Politics Politics Select Military Select Life Life Select Transportation Select Education Select Entertainment Select null Tech Enterprise Select Science Select Mobile Chart Of The Day E-Commerce Chart Of The Day Payments Chart Of The Day Digital Media Chart Of The Day IoT Chart of the Day Charts of the Day Sports Chart Of The Day Top 10 Things 10 Things In Tech You Need To Know Closing Bell Sports Sports Latest Deals The Thanksgiving Store Countdown to Black Friday - Deals of the Week The Trendsetter Gift Guide Holiday Central Latest Research FREE: Mobile Payments - Everything You Need to Know The Messaging App Report The Internet of Things 2015 Report The Digital Disruption of Retail Banking Read Business Insider On The Go Available for iPhone, iPad, and Android Find A Job Tech Jobs C-Level Jobs Media Jobs Design Jobs Finance Jobs Sales Jobs See All Jobs » Thanks to our partners * Copyright © 2015 Business Insider Inc. All rights reserved. Registration on or use of this site constitutes acceptance of our Terms of Service and Privacy Policy. Disclaimer Commerce Policy Powered by MongoDB Stock quotes by finanzen.net Made in NYC International Editions: UKDEAUSIDINMYSG

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The Truth About Getting Acquired By Zynga - Business Insider Tech BI Intelligence Events Trending Tech Finance Politics Strategy Life Sports Video All × From To You have successfully emailed the post. The Truth About Getting Acquired By Zynga Nicholas Carlson Jun. 13, 2011, 5:06 PM 3,638 facebook linkedin twitter email print Zach Dischner via Flickr See Also Classpass users are freaking out over new price hikes that make it more expensive than Equinox A startup that just raised $25 million is like a college newspaper on steroids — and it’s racking up 30 million uniques a month Twitter CFO hints that he's itching to spend company's $3.5 billion on 'game changing' acquisitions Zynga has acquired around 10 companies to date. We spoke to a top executive of one of those companies about what that process was like, and about this executive's impressions of Zynga have been since the acquisition. To keep the conversation candid, we agreed to not to use the founder's name in this story. Business Insider: What was the deal process like? Anonymous Executive: It was a good experience. Obviously acquisitions are tough, especially if you're the founder of a company. You feel a little like you're divorced. You're ending a relationship with this company you started and then you're starting with a new company. It was a good experience. Zynga was able to move really quickly. We had other people interested. They were able to move quickly and offer the same price point, which was really good. BI: What was the integration like? AE: They bought the company and we didn't even take a day off. BI: What's Zynga's work culture like? Do you like it? AE: They move really fast and they're good at executing, but they just kind of throw bodies at problems. Not thought. It's successful. I'm not criticizing the strategy. For people who like to have ownership, sometimes it can be a serious headache. [They're just say], "This game isn't working? Hire 20 more people." [It's like,] maybe we should fix the game dynamics? BI: What insight have you gained into how Zynga works that you didn't have before? AE: They're really ruthless with cutting things that don't work. If a game doesn't work, they kill it. They'll throw those resources somewhere else. I definitely get that. They have "move at Zynga speed" written all over the walls. I think everyone's hustling. They don't always know where they're going but they're going fast. I think it's one of the reasons that they're ahead of other people. They got that early lead and starting acquiring as many users as possible and cross-promoting. They've got one or two things right and they're focused on that. I think a lot of companies do that. They're not worried about the margins. If they can buy a user on a Facebook ad for a dollar and the user nets me a dollar and three cents, even, then I'll keep buying users until that's positive. Zynga is making way more money than anybody, but they're also spending more money than anybody. Don't miss: 10 Amazing Things We Just Learned About Bill Gates From His Daily Mail Interview More: Zynga Mergers And Acquisitions Startups facebook linkedin twitter email print Recommended For You Comments Comments on this post are now closed. Insiders 0 All Comments 0 Apply To Be An "Insider" » Loading The Truth About Getting Acquired By Zynga The Truth About Getting Acquired By Zynga "They don't always know where they're going but they're going fast." 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PUBLICIS GROUPE HAS ACQUIRED ROKKAN: The http://www.businessinsider.com/publicis-groupe-has-acquired-rokkan-the-2012-12/comments en-us Sat, 28 Nov 2015 04:42:46 -0500 Sat, 28 Nov 2015 04:42:46 -0500 Jim Edwards http://static3.businessinsider.com/assets/images/bilogo-250x36-wide-rev.png Business Insider http://www.businessinsider.com

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Square Acquires Appointment Booking Startup BookFresh http://www.businessinsider.com/square-acquires-bookfresh-2014-2/comments en-us Fri, 01 Jul 2016 13:58:43 -0400 Fri, 01 Jul 2016 13:58:43 -0400 Karyne Levy http://static3.businessinsider.com/assets/images/bilogo-250x36-wide-rev.png Business Insider http://www.businessinsider.com

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AstraZeneca to Acquire Alexion in $39 Billion Pharmaceutical Deal Menu icon A vertical stack of three evenly spaced horizontal lines. Search icon A magnifying glass. It indicates, "Click to perform a search". Insider logo The word "Insider". 0 Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. Log in Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. Subscribe Subscribe Business The word Business Life The word Life News The word News Reviews The word Reviews Search icon A magnifying glass. It indicates, "Click to perform a search". Insider logo The word "Insider". Close icon Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification. Business The word Business Tech Finance Markets Strategy Retail Advertising Healthcare Intelligence Life The word Life Entertainment Culture Travel Food Health Parenting Beauty Style News The word News Politics Military & Defense Sports Opinion Reviews The word Reviews Tech Style Home Kitchen Beauty Travel Gifts Deals Money All The word All A-Z Advertising Business Careers Coupons DoorDash Walmart Dell Staples Under Armour Culture Design Entertainment Executive Lifestyle Finance Food Health Healthcare Intelligence Latest Life Markets Insider Media Military & Defense News Opinion People Personal Finance Politics Premium Retail Reviews Science Sports Strategy Tech Transportation Travel TV Beauty Explorers Best in Town Bonkers Closets Festival Foodies Movies Insider Pop Culture Decoded The Making Of The Ultimate List Featured Better Capitalism Cities Connected Insider TV Master Your Money Next Stop Transforming Business About About Advertise Careers Contact Us Corporate Corrections Policy Follow RSS Sitemap Facebook Twitter Instagram YouTube LinkedIn Subscriptions Intelligence Premium Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. Log in Subscribe Subscribe Newsletters World globe An icon of the world globe, indicating different international options." US Edition US INTL Asia Deutschland & Österreich Australia España India Japan México Netherlands Polska South Africa Get the Insider App Click here to learn more A leading-edge research firm focused on digital transformation. See our Research Facebook Icon The letter F. Twitter icon A stylized bird with an open mouth, tweeting. LinkedIn icon The word "in". YouTube icon A play button in the shape of a television screen. Instagram icon A stylized camera. * Copyright © 2022. All rights reserved. Registration on or use of this site constitutes acceptance of our Terms of Service ,  Privacy Policy and Cookies Policy. Sitemap Disclaimer Accessibility Commerce Policy CA Privacy Rights Coupons Made in NYC Jobs Stock quotes by finanzen.net Reprints & Permissions Insider logo The word "Insider". Close icon Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification. Good Subscriber Account active since Shortcuts Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. Profile Newsletters FAQs Subscription Log out US Markets Loading... H M S In the news Close icon Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification. Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. HOMEPAGE Subscribe Subscribe Home Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. Healthcare AstraZeneca is acquiring Alexion Pharmaceuticals in a $39 billion pharmaceutical deal Kevin Shalvey 2020-12-12T14:25:40Z Facebook Icon The letter F. Email icon An envelope. It indicates the ability to send an email. Twitter icon A stylized bird with an open mouth, tweeting. Twitter LinkedIn icon The word "in". LinkedIn Fliboard icon A stylized letter F. Flipboard Link icon An image of a chain link. It symobilizes a website link url. Copy Link A man walks past a sign at an AstraZeneca site in Macclesfield. Reuters AstraZeneca on Saturday said it would acquire Alexion Pharmaceuticals for $39 billion. "Alexion has established itself as a leader in complement biology, bringing life-changing benefits to patients with rare diseases. This acquisition allows us to enhance our presence in immunology," said Pascal Soriot, chief executive of AstraZeneca, in a joint press statement.  AstraZeneca said it had offered shareholders cash and stock worth about $175 per share, an about 45% premium from Friday's close at $120.98 per share.  Visit Business Insider's homepage for more stories. Get a daily selection of our top stories based on your reading preferences. Loading Something is loading. Email address By clicking ‘Sign up’, you agree to receive marketing emails from Insider as well as other partner offers and accept our Terms of Service and Privacy Policy. AstraZeneca on Saturday announced it was acquiring Alexion Pharmaceuticals for $39 billion, a deal aimed at boosting AstraZeneca's immunology and rare-disease research, combining the companies' worldwide delivery pipelines, and establishing a new research headquarters in Boston.  "Alexion has established itself as a leader in complement biology, bringing life-changing benefits to patients with rare diseases. This acquisition allows us to enhance our presence in immunology," said Pascal Soriot, chief executive of AstraZeneca, in a joint statement. The UK drugmaker offered Alexion shareholders a total of about $175 per share, a 46% premium over $120.98, where Alexion's American depositary shares closed Friday's session. Shareholders will receive $60 cash and 2.1243 AstraZeneca US shares, under the proposed deal, which will require US regulatory sign-off. Both boards unanimously approved the deal, which is expected to close in the third quarter of 2021. Alexion shareholders will hold about 15% of the combined company. Two members of Alexion's board will make the move to AstraZeneca's board. "We bring to AstraZeneca a strong portfolio, innovative rare disease pipeline, a talented global workforce and strong manufacturing capabilities in biologics," said Ludwig Hantson, chief executive of Alexion.AzstraZeneca on Saturday laid out a roadmap for the merger, saying the combined company will "drive future medicine innovation" in immunology, biologics, genomics, and olgonucleotides.Alexion's current management is expected to lead the company's rare-disease unit, and each Alexion employee can continue on at their current pay for a minimum of 12 months, according to Saturday's release. The joint roadmap also included a push into emerging markets, along with the establishment of a new research headquarters in Boston, a city with a cluster of research institutions and hospitals, where Alexion is based."AstraZeneca intends to build on its geographical footprint and extensive emerging markets presence to accelerate the worldwide expansion of Alexion's portfolio," the companies said.  AstraZeneca said it expects about $650 million in new costs during the three-year integration period, followed by about $500 million per year of savings. If Alexion axes the deal, it'd be liable for a $1.2 billion payment to AstraZeneca, while the reverse would cost AstraZeneca $1.4 billion.In partnership with the University of Oxford, AstraZeneca has this year developed a COVID-19 vaccine, which is now being tested by UK government regulators.When the company announced in November that its vaccine had succeeded in trials, some were quick to raise questions about the data that had been released. It had said the vaccine was 70% effective, but offered data stitched together from multiple trials, worrying some outside researchers.  Sign up for notifications from Insider! Stay up to date with what you want to know. Subscribe to push notifications Deal icon An icon in the shape of a lightning bolt. For you NOW WATCH: A restaurant in Boston has a spicy game called wasabi roulette More: Weekend BI UK pharmaceuitcals AstraZeneca Alexion Deal icon An icon in the shape of a lightning bolt. For you Close icon Two crossed lines that form an 'X'. 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It indicates a way to close an interaction, or dismiss a notification. Good Subscriber Account active since Edit my Account Free subscriber-exclusive audiobook! “No Rules Rules: Netflix and the Culture of Reinvention” Get it now on Libro.fm using the button below. Redeem your free audiobook Premium Articles Upgrade Membership Email Preferences My Subscription FAQs Logout DOW S&P 500 NASDAQ 100 Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. HOMEPAGE Subscribe Subscribe Home Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. Tech IT'S OFFICIAL: IBM is acquiring software company Red Hat for $34 billion Becky Peterson 2018-10-28T18:18:12Z Facebook Icon The letter F. Email icon An envelope. It indicates the ability to send an email. Link icon An image of a chain link. It symobilizes a website link url. Twitter icon A stylized bird with an open mouth, tweeting. LinkedIn icon The word "in". Fliboard icon A stylized letter F. More icon Three evenly spaced dots forming an ellipsis: "...". Close icon Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification. Joe Scarnici/Stringer IBM has struck a deal to acquire the cloud software company Red Hat for $34 billion.IBM will pay $190 a share for the software company, which it described as the world's leading provider of open-source cloud software, a premium of more than 60% from Red Hat's closing stock price of $116.68 on Friday.Also read: IBM was losing the cloud wars — here's why Wall Street thinks its $34 billion Red Hat acquisition will change that IBM has struck a deal to acquire the cloud software company Red Hat for $34 billion.IBM will pay $190 a share for the software company, which it described as the world's leading provider of open-source cloud software, a premium of more than 60% from Red Hat's closing stock price of $116.68 on Friday. Shares traded upward of $175 in June, but disappointing earnings combined with a volatile market to see the price drop sharply.Here are the key points from the deal announcement:IBM will acquire all of the issued and outstanding common shares of Red Hat for $190.00 per share in cash, representing a total enterprise value of approximately $34 billion.Goldman Sachs, JPMorgan and Lazard advised IBM. Guggenheim Partners represented Red Hat on the deal. Banks could reap as much as $115 million for orchestrating the deal.IBM will remain committed to Red Hat's open governance, open source contributions, participation in the open source community and development model, and fostering its widespread developer ecosystem.IBM and Red Hat also will continue to build and enhance Red Hat partnerships, including those with major cloud providers, such as Amazon Web Services, Microsoft Azure, Google Cloud, Alibaba and more, in addition to the IBM Cloud.Red Hat will join IBM's Hybrid Cloud team as a distinct unit, preserving the independence and neutrality of Red Hat's open source development heritage and commitment, current product portfolio and go-to-market strategy, and unique development culture.Red Hat will continue to be led by Jim Whitehurst and Red Hat's current management team. Jim Whitehurst also will join IBM's senior management team and report to Ginni Rometty. IBM intends to maintain Red Hat's headquarters, facilities, brands and practices."IBM will become the world's #1 hybrid cloud provider, offering companies the only open cloud solution that will unlock the full value of the cloud for their businesses," Ginni Rometty, IBM chairman and CEO, said."Joining forces with IBM will provide us with a greater level of scale, resources and capabilities to accelerate the impact of open source as the basis for digital transformation and bring Red Hat to an even wider audience – all while preserving our unique culture and unwavering commitment to open source innovation," Jim Whitehurst, president and CEO of Red Hat, said. Here's the full statement:IBM (NYSE:IBM) and Red Hat (NYSE:RHT), the world's leading provider of open source cloud software, announced today that the companies have reached a definitive agreement under which IBM will acquire all of the issued and outstanding common shares of Red Hat for $190.00 per share in cash, representing a total enterprise value of approximately $34 billion."The acquisition of Red Hat is a game-changer. It changes everything about the cloud market," said Ginni Rometty, IBM Chairman, President and Chief Executive Officer. "IBM will become the world's #1 hybrid cloud provider, offering companies the only open cloud solution that will unlock the full value of the cloud for their businesses."Most companies today are only 20 percent along their cloud journey, renting compute power to cut costs," she said. "The next 80 percent is about unlocking real business value and driving growth. This is the next chapter of the cloud. It requires shifting business applications to hybrid cloud, extracting more data and optimizing every part of the business, from supply chains to sales." "Open source is the default choice for modern IT solutions, and I'm incredibly proud of the role Red Hat has played in making that a reality in the enterprise," said Jim Whitehurst, President and CEO, Red Hat. "Joining forces with IBM will provide us with a greater level of scale, resources and capabilities to accelerate the impact of open source as the basis for digital transformation and bring Red Hat to an even wider audience – all while preserving our unique culture and unwavering commitment to open source innovation."This acquisition brings together the best-in-class hybrid cloud providers and will enable companies to securely move all business applications to the cloud. Companies today are already using multiple clouds. However, research shows that 80 percent of business workloads have yet to move to the cloud, held back by the proprietary nature of today's cloud market. This prevents portability of data and applications across multiple clouds, data security in a multi-cloud environment and consistent cloud management.IBM and Red Hat will be strongly positioned to address this issue and accelerate hybrid multi-cloud adoption. Together, they will help clients create cloud-native business applications faster, drive greater portability and security of data and applications across multiple public and private clouds, all with consistent cloud management. In doing so, they will draw on their shared leadership in key technologies, such as Linux, containers, Kubernetes, multi-cloud management, and cloud management and automation.IBM's and Red Hat's partnership has spanned 20 years, with IBM serving as an early supporter of Linux, collaborating with Red Hat to help develop and grow enterprise-grade Linux and more recently to bring enterprise Kubernetes and hybrid cloud solutions to customers. These innovations have become core technologies within IBM's $19 billion hybrid cloud business. Between them, IBM and Red Hat have contributed more to the open source community than any other organization. "Today's announcement is the evolution of our long-standing partnership," said Rometty. "This includes our joint Hybrid Cloud collaboration announcement in May, a key precursor in our journey to this day."With this acquisition, IBM will remain committed to Red Hat's open governance, open source contributions, participation in the open source community and development model, and fostering its widespread developer ecosystem. In addition, IBM and Red Hat will remain committed to the continued freedom of open source, via such efforts as Patent Promise, GPL Cooperation Commitment, the Open Invention Network and the LOT Network.IBM and Red Hat also will continue to build and enhance Red Hat partnerships, including those with major cloud providers, such as Amazon Web Services, Microsoft Azure, Google Cloud, Alibaba and more, in addition to the IBM Cloud. At the same time, Red Hat will benefit from IBM's hybrid cloud and enterprise IT scale in helping expand their open source technology portfolio to businesses globally."IBM is committed to being an authentic multi-cloud provider, and we will prioritize the use of Red Hat technology across multiple clouds" said Arvind Krishna, Senior Vice President, IBM Hybrid Cloud. "In doing so, IBM will support open source technology wherever it runs, allowing it to scale significantly within commercial settings around the world." Upon closing of the acquisition, Red Hat will join IBM's Hybrid Cloud team as a distinct unit, preserving the independence and neutrality of Red Hat's open source development heritage and commitment, current product portfolio and go-to-market strategy, and unique development culture. Red Hat will continue to be led by Jim Whitehurst and Red Hat's current management team. Jim Whitehurst also will join IBM's senior management team and report to Ginni Rometty. IBM intends to maintain Red Hat's headquarters, facilities, brands and practices."IBM's commitment to keeping the things that have made Red Hat successful - always thinking about the customer and the open source community first – make this a tremendous opportunity for not only Red Hat but also open source more broadly," said Paul Cormier, President, Products and Technologies, Red Hat. "Since the day we decided to bring open source to the enterprise, our mission has remained unchanged. And now, one of the biggest enterprise technology companies on the planet has agreed to partner with us to scale and accelerate our efforts, bringing open source innovation to an even greater swath of the enterprise." Get the latest IBM stock price here. Newsletter Your morning cheat sheet to get you caught up on what you need to know in tech. Sign up to 10 Things in Tech You Need to Know Today. Loading Something is loading. Email address By clicking ‘Sign up’, you agree to receive marketing emails from Business Insider as well as other partner offers and accept our Terms of Service and Privacy Policy. SEE ALSO: Companies outside of tech have a key advantage over the Googles of the world when it comes to M&A and it all comes down to 'one hard pill to swallow' in the term sheet NOW WATCH: A style expert explains what 'business casual' actually means More: M&A Tech Deals IBM RedHat Close icon Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification. Follow us on: Also check out: * Copyright © 2021 Insider Inc. All rights reserved. Registration on or use of this site constitutes acceptance of our Terms of Service ,  Privacy Policy and Cookies Policy . 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OMGPOP Acquisition Rumors Menu icon A vertical stack of three evenly spaced horizontal lines. Search icon A magnifying glass. It indicates, "Click to perform a search". Insider logo The word "Insider". 0 Newsletters Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. Log in Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. Subscribe Subscribe Business The word Business Life The word Life News The word News Reviews The word Reviews Business Tech Finance Markets Strategy Retail Advertising Healthcare Intelligence Life Entertainment Culture Travel Food Health Parenting Beauty Style News Politics Military & Defense Sports Opinion Reviews Tech Streaming Home Kitchen Style Beauty Gifts Deals Pets Parenting Coupons Health Learning Hobbies & Crafts Travel All A-Z Advertising Business Careers Coupons DoorDash Walmart Dell Staples Under Armour Culture Design Entertainment Executive Lifestyle Finance Food Health Healthcare Intelligence Latest Life Markets Insider Media Military & Defense News Opinion People Personal Finance Politics Premium Retail Reviews Science Sports Strategy Tech Transportation Travel TV Beauty Explorers Best in Town Bonkers Closets Festival Foodies Movies Insider Pop Culture Decoded The Making Of The Ultimate List Featured Better Capitalism Cities Connected Insider TV Master Your Money Next Stop Sustainable Finance Transforming Business About About Advertise Careers Contact Us Corporate Corrections Policy Follow RSS Sitemap Facebook Twitter Instagram YouTube LinkedIn Subscriptions Intelligence Premium US Markets Loading... H M S In the news Close icon Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification. Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. HOMEPAGE 0 Newsletters Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. Log in Subscribe Subscribe Home Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. Tech Draw Something Maker OMGPOP Has Multiple Suitors And It Would Consider A Strategic Acquisition Alyson Shontell 2012-03-19T20:03:00Z Save Article Icon A bookmark Facebook Icon The letter F. Email icon An envelope. It indicates the ability to send an email. Share icon An curved arrow pointing right. Twitter icon A stylized bird with an open mouth, tweeting. Twitter LinkedIn icon The word "in". LinkedIn Fliboard icon A stylized letter F. Flipboard Link icon An image of a chain link. It symobilizes a website link url. Copy Link Download the app OMGPOP founder Charles Foreman (left) and CEO Dan Porter (right). It's been reported that Zynga is courting Draw Something creator OMGPOP to the tune of $150 million. We hear that number is too low. A source familiar with the situation says "everyone is making a move" on OMGPOP and that a strategic acquisition wouldn't be out of the question. Some of the suitors have been aggressive; others are slower moving. We'd assume Zynga is the aggressor and companies like EA are timid. Sign up for notifications from Insider! Stay up to date with what you want to know. Subscribe to push notifications Deal icon An icon in the shape of a lightning bolt. Keep reading Newsletter Get the latest tech news & scoops — delivered daily to your inbox. Loading Something is loading. Email address By clicking ‘Sign up’, you agree to receive marketing emails from Insider as well as other partner offers and accept our Terms of Service and Privacy Policy. More: OMGPOP Zynga Electronic Arts Close icon Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification. Recommended Video Follow us on: * Copyright © 2022 Insider Inc. All rights reserved. Registration on or use of this site constitutes acceptance of our Terms of Service ,  Privacy Policy and Cookies Policy . Contact Us Sitemap Disclaimer Accessibility Commerce Policy Advertising Policies CA Privacy Rights Coupons Made in NYC Jobs Stock quotes by finanzen.net Reprints & Permissions International Editions: United States US International INTL Asia AS Deutschland & Österreich AT Deutschland DE España ES India IN Japan JP México MX Netherlands NL Polska PL South Africa ZA

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Here's Why Tencent Just Acquired A Twenty-Percent Stake In Chinese E-Commerce Giant JD.com For $215 Million SAI - Business Insider Tech BI Intelligence Events Trending Tech Finance Politics Strategy Life Sports Video All × From To You have successfully emailed the post. Here's The Latest Sign That China's E-Commerce Market Is White Hot Cooper Smith Mar. 11, 2014, 2:21 PM 1,229 facebook linkedin twitter email print The Chinese e-commerce market is becoming an extremely competitive space. With lots of dollars at stake, companies that were not originally e-commerce focused are expanding their services to include digital marketplaces and payments platforms.  Most recently comes the announcement that Chinese consumer Internet giant Tencent has paid $215 million for a 15% stake in JD.com (formerly known as 360Buy), China's second-largest e-commerce company by transaction volume. Tencent will get an additional 5% stake in JD.com after the company files for an IPO. Tencent plans to integrate JD.com with its popular messaging app WeChat. More than 300 million people are active on WeChat each month, and the app already has its own built-in payments system. The new partnership means WeChat users will soon be able to purchase a huge array of products from within the app.  BI IntelligenceHere are the stats on JD.com, compiled by BI Intelligence: The company logged roughly $16 billion in sales in 2013, a 67% increase over the previous year. More than 15% of orders were placed via mobile apps, which is significantly higher than the market average in China. Mobile transactions will likely increase further after JD's integration with WeChat.   BI Intelligence, Business Insider's tech research service, has been tracking developments in China's e-commerce market and found significant growth, particularly on mobile. E-commerce sales in China topped $300 billion in 2013, according to some analyst estimates, and approximately 8% of those sales occurred via mobile devices, according to data from Credit Suisse. This is about seven percentage points below the share of mobile transactions on JD.com's platform. By 2015, mobile commerce overall could account for as much as 15% of China's e-commerce market. By leveraging its mobile messaging app, which is already extremely popular for payments, Tencent appears to be carving out its share of the crowded e-commerce market by investing heavily in the mobile commerce future.  For full access to BI Intelligence's  China Deck, along with all our charts, data, and analysis on the e-commerce industry, sign up for a free trial. Here's a look at how mobile commerce is expected to grow as a percent of total e-commerce in China:  BI Intelligence       More: BI Intelligence China Tencent WeChat Mobile Commerce Mobile Messaging facebook linkedin twitter email print Recommended For You Comments Comments on this post are now closed. Insiders 0 All Comments 0 Apply To Be An "Insider" » Loading Here's The Latest Sign That China's E-Commerce Market Is White Hot Here's The Latest Sign That China's E-Commerce Market Is White Hot WeChat users will soon be able to purchase almost anything from within the app.  Recommended For You Featured Neil deGrasse Tyson and Al Gore on the future of our planet — and everything else More "Innovators" » My husband and I are business partners who just had our first child — here's how we make it work More "What Matters" » Get Tech Emails & Alerts Sign-Up Learn More » Tech Select Tech Chart Of The Day Business Insider Select 10 Things In Tech You Need To Know Mobile Insights BII Mobile Insights More Featured Business Insider Select Tech Select Tech Chart Of The Day Markets Chart Of The Day 10 Things Before the Opening Bell Instant MBA Business Insider Events BI Intelligence Daily Finance Finance Select Markets Select Monday Scouting Report Your Money Select Financial Advisor Insights Smart Investor CFO Insider Finance Insider Wealth Advisor Select Strategy Strategy Select Advertising Select Retail Select Careers Select 10 Things You Need To Know In Advertising Politics Politics Select Military Select Life Life Select Transportation Select Education Select Entertainment Select Breaking News Tech Enterprise Select Science Select Mobile Chart Of The Day E-Commerce Chart Of The Day Payments Chart Of The Day Digital Media Chart Of The Day IoT Chart of the Day Fintech Briefing Charts of the Day Sports Chart Of The Day Top 10 Things 10 Things In Tech You Need To Know Closing Bell Sports Sports Latest Research Our 25 Top Tech Predictions The Payments Ecosystem Report The Fintech Ecosystem Report The Internet of Things Report Read Business Insider On The Go Available for iPhone, iPad, and Android Find A Job Tech Jobs C-Level Jobs Media Jobs Design Jobs Finance Jobs Sales Jobs See All Jobs » Thanks to our partners * Copyright © 2016 Business Insider Inc. 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Nvidia, AMD and Intel Are Leading a Buying Spree in the Chip Industry Jump to Main content Search Account Menu icon A vertical stack of three evenly spaced horizontal lines. Search icon A magnifying glass. It indicates, "Click to perform a search". Insider logo The word "Insider". 0 Newsletters Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. Log in Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. Subscribe Business Tech Finance Markets Strategy Retail Advertising Healthcare Premium Life Entertainment Culture Travel Food Health Parenting Beauty Style News Politics Military & Defense Sports Opinion Reviews Tech Streaming Home Kitchen Style Beauty Gifts Deals Pets Parenting Coupons Health Learning Hobbies & Crafts Travel All A-Z Advertising Business Careers Coupons DoorDash Walmart Dell Staples Under Armour Culture Design Entertainment Executive Lifestyle Finance Food Health Healthcare Intelligence Latest Life Markets Insider Media Military & Defense News Opinion People Personal Finance Banking Credit Cards Insurance Investing Loans Mortgages Politics Premium Retail Reviews Science Sports Strategy Tech Transportation Travel TV Beauty Explorers Best in Town Bonkers Closets Festival Foodies Movies Insider Pop Culture Decoded The Making Of The Ultimate List Featured Talent Insider About About Advertise Careers Code of Ethics Contact Us Corporate Corrections Policy Follow RSS Sitemap Facebook Twitter Instagram YouTube LinkedIn Subscriptions Intelligence Premium US Markets Loading... H M S In the news Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. HOMEPAGE 0 Newsletters Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. Log in Subscribe Premium Home Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. Enterprise Nvidia, AMD and Intel are leading an unprecedented $100 billion wave of acquisitions as the cloud and AI change the chip market: 'The biggest year for consolidation ever' Benjamin Pimentel 2020-11-21T14:15:00Z Save Article Icon A bookmark Facebook Icon The letter F. Email icon An envelope. It indicates the ability to send an email. Share icon An curved arrow pointing right. Twitter icon A stylized bird with an open mouth, tweeting. Twitter LinkedIn icon The word "in". LinkedIn Fliboard icon A stylized letter F. Flipboard Facebook Icon The letter F. Facebook Email icon An envelope. It indicates the ability to send an email. Email Link icon An image of a chain link. It symobilizes a website link url. Copy Link Read in app A worker is seen at an assembly line at a semiconductor maker producing IC Drivers applied to liquid crystal display in Pyeongtaek, about 70 kms (40 miles) south of Seoul, March 3, 2008. Lee Jae-Won/Reuters This story is available exclusively to Insider subscribers. Become an Insider and start reading now. Redeem now Big mergers, once rare in the semiconductor industry, are accelerating in the semiconductor market where major chip makers, led by Nvidia, AMD and Intel, have gone on a buying spree over the past five years. The M&A wave seemed to reach a peak this year when semiconductor giants have announced major acquisition deals worth more than $100 billion. Nvidia has been the most aggressive acquirer, gobbling up Mellanox for $7 billion, and announcing a bid for Arm for $40 billion. AMD, which is not known for an aggressive M&A strategy, also surprised the industry with a $35 billion bid for Xilinx.  While Intel's recent acquisitions have been low-key compared to the Nvidia and AMD deals, analysts say the chip giant actually kicked off the M&A wave with big acquisitions over the last five years. "You start seeing a lot more companies trying to get bigger and the only way they do that is through consolidation because that's the only way they can continue growing their top line revenue," said IDC analyst Mario Morales. Visit Business Insider's homepage for more stories. Big merger deals, once rare in the semiconductor industry, have been accelerating as chip giants jockey for position in a rapidly shifting market. And the buying spree has picked up steam in the last few months with back-to-back deals worth $100 billion in total.Over the past few years, major chip makers, led by Nvidia, AMD and Intel, have been on a buying spree, gobbling up or making bold, even surprising, bids for companies, including startups and longtime industry players.  "The semiconductor industry has been on fire this year," Charles Wuischpard, CEO of chip startup Ayar Labs, which just raised $35 million in venture capital funding, told Business Insider. "Lots of transactions." Bernstein Research analyst Stacy Rasgon said the M&A wave started around 2014-2015. But "this would be the biggest year for consolidation," he told Business Insider.The big chip M&A deals over the past seven months include:In April, Nvidia acquired networking chip and equipment maker Mellanox for $7 billion.In July, Analog Devices, the maker of analog chips, announced it was buying rival Maxim for $21 billion.In September, Nvidia said it had signed a $40 billion deal to buy chip design powerhouse Arm from SoftbankIn October, AMD unveiled a $35 billion deal to acquire programmable chipmaker Xilinx.Later that same month, Marvell announced a deal to buy networking chip company Inphi for $10.6 billion.The M&A wave, together with a rise of semiconductor startups, highlights the growing need for new and more powerful processors for new technologies, led by the cloud and AI.The rash of acquisitions also underline the chip industry's rapid growth over the past decade, from a market worth less than $300 billion to one now worth more than $400 billion, said IDC analyst Mario Morales."You're getting to a point where it's a very large industry, and the growth is beginning to mature," he told Business Insider. "You start seeing a lot more companies trying to get bigger and the only way they do that is through consolidation because that's the only way they can continue growing their top line revenue."Gerard Williams, CEO and cofounder of chip design startup Nuvia, and an Apple veteran who helped design the iPhone processor, said those big M&A moves also highlight the shift in the chip market that threatens Intel, the world's biggest chip company.AMD's "acquisition of Xilinx represents a huge bet on the future of their data center business and underscores the M&A frenzy taking hold in the chip sector right now," he told Business Insider. "Nvidia's bid to buy ARM is an even bolder move to re-shape the silicon landscape and further displace Intel's core business."Nvidia is the most aggressive acquirerThe most aggressive acquirer, by far, has been Nvidia. The graphics chip maker which has emerged as a major player in the market for data center chips and AI technologies that require more powerful processors for handling massive amounts of data. Morales said Nvidia's bid for Mellanox, which is expected to boost its position in the data center market, was actually a "pivotal" event in this year's M&A wave. The deal surprised some industry experts after it easily got regulatory approval, especially in China. "People were very concerned that China was not going to approve that deal, or that it would take longer," Morales said.In fact, Nvidia's success in gobbling up Mellanox "really started opening the floodgates" to bigger acquisitions, Morales said. "Once they got that done, you could see that a lot of the other vendors that were already looking at acquisitions began to move forward more aggressively — including Nvidia."Two months after buying Mellanox, Nvidia stunned the tech world by announcing a $40 billion deal to buy chip design powerhouse Arm from Softbank. Arm's chip designs are widely used in the smaartphone and tablet market and are expected to be adopted in other growing markets, including data centers. Morales called the move an "opportunistic" buy since Softbank was facing a major cash crunch that forced the Japanese conglomerate to sell a huge chunk of its assets.The Nvidia-Arm deal still has to clear regulatory hurdles, especially in China. But Nvidia CEO Jensen Huang on Wednesday affirmed that the acquisition would transform Nvidia into an even more dominant player in a growing chip market."With our pending acquisition of Arm…we will create the computing company for the age of AI, with computing extending from the cloud to trillions of devices," he told analysts on the company's earnings call.Even AMD, which is not known for making aggressive acquisitions — its last big buy was in 2006 when it bought chip maker ATI for $5.4 billion — joined the fray. Last month, the chip giant also surprised the industry with a $35 billion bid for Xilinx, the programmable chipmaker.Michelle Johnston, Intel's executive vice president for sales, marketing and communications, said Nvidia's Arm deal and AMD's bid for Xilinx reflect "the reality that as data grows exponentially, so does the demand for computing performance to process it."The deal is fueled by rising valuations for chip companiesMorales said rising chip valuations have definitely helped semiconductor companies in pursuing deals. Despite the pandemic, the Philadelphia Semiconductor Index, which tracks chip stocks, has climbed more than 35% year to date. AMD, which is gaining share in the server chip market against Intel, has seen its stock rise nearly 80% this year, while Nvidia shares have doubled. Earlier this year, Nvidia actually overtook Intel as the most valuable US semiconductor company based on market capitalization. Nvidia is now worth more than $332 billion, outpacing Intel which has a market cap of $186 billion and AMD, which is worth $102 billion.Intel has struggled with production missteps and stiffer competition from AMD in the data center chip market. But the tech giant has also embarked on an aggressive M&A strategy to adapt to the evolving semiconductor market."We have been on a multi-year portfolio transformation making investments both organically and inorganically that position Intel to capitalize on a range of high-growth opportunities," Johnston, the Intel executive vice president, told Business Insider.Compared to the AMD and Nvidia deals, Intel has made only several low key acquisitions this year, including a $900 million deal for mobility app Moovit.But Intel actually has been leading the M&A wave over the last few years with a series of acquisitions, including its acquisition of Altera, the Xilinx rival, which it bought for $17 billion in 2015. Two years later, Intel spent $15 billion to acquire car-tech company Mobileye. Last year, Intel acquired AI chip company Habana for $2 billion."Intel was probably one of the ones that was very aggressive over the past five years," Morales said. "They bought over a dozen companies to make sure that they protect their moat, make sure that they can continue to grow on a top level basis, and also make sure that they can diversify, and not just be in PCs, but also in areas like IoT, and automotive and what we're seeing today in terms of the the core infrastructure area."Got a tip about Nvidia, Intel, AMD or another tech company? Contact this reporter via email at bpimentel@businessinsider.com, message him on Twitter @benpimentel or send him a secure message through Signal at (510) 731-8429. You can also contact Business Insider securely via SecureDrop. Sign up for notifications from Insider! Stay up to date with what you want to know. 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IoT Insider: Google's Looking for Self-Driving Car Partners — Ford Hires Data Manager — Oracle Acquires Datalogix Menu icon A vertical stack of three evenly spaced horizontal lines. Search icon A magnifying glass. It indicates, "Click to perform a search". Insider logo The word "Insider". 0 Newsletters Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. Log in Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. 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H M S In the news Close icon Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification. Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. HOMEPAGE 0 Newsletters Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. Log in Subscribe Subscribe Home Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. Insider Intelligence IoT INSIDER: Google's Self-Driving Car Is Fully Functional — Ford Hires Data Manager — Oracle Acquires Datalogix John Greenough 2014-12-23T12:00:00Z Save Article Icon A bookmark Facebook Icon The letter F. Email icon An envelope. It indicates the ability to send an email. Share icon An curved arrow pointing right. Twitter icon A stylized bird with an open mouth, tweeting. Twitter LinkedIn icon The word "in". LinkedIn Fliboard icon A stylized letter F. Flipboard Link icon An image of a chain link. It symobilizes a website link url. Copy Link Download the app Good Morning! IoT Insider is delivered first thing every morning exclusively to BI Intelligence members. Note: Due to the Christmas holiday, IoT Insider will not be published on Wednesday or Thursday.GOOGLE WANTS TO PARTNER WITH CAR MANUFACTURERS TO BRING TEST CARS TO THE ROAD: Google is looking to partner with automakers to bring its self-driving car to market within the next five years, reports The Wall Street Journal. The company has just announced a fully-functional prototype of the Google car and would like to work with automakers to put a fleet of self-driving test cars on the road by early 2015. But the California Department of Motor Vehicles (DMV) will likely miss its end of 2015 deadline to adopt self-driving car regulations, according to the Associated Press.  Currently, regulators are concerned with the vehicles' safety and want to ensure that a self-driving car won't malfunction and will obey all traffic laws. The DMV also has to decide who is at fault if the car does malfunction. Self-driving cars won't be allowed to reach the public until regulations are put in place answering these questions. We are still a long way from fully autonomous cars in consumer hands, but over time, we do expect these vehicles to show up on the road.  In 2020, Frost and Sullivan estimates there will be 180,000 self-driving cars shipped globally. BI Intelligence FORD HIRES BIG DATA MANAGER: Ford has hired former GM sales analyst Paul Bellew to help manage the firm's analytics and focus on developing "autonomous driving, mobility, and connectivity technology," according to Automotive News. Prior to the move, Ford had multiple data analytics groups focused on different functions, such as manufacturing, design, research, and marketing. The move shows that Ford recognizes the value of the data it collects and realizes that in order to make that data fully actionable it needs to centralize the information. Big data will become even more valuable in the coming years as cars become increasingly connected and therefore generate data regarding driver preferences and behavior. Just last week Ford announced it would be using Blackberry to run its third generation of Ford Sync, Ford's connected car platform. ORACLE ACQUIRES DATALOGIX: Oracle has acquired Datalogix, a specialty firm that connects "offline consumer spending to digital marketing," according to a press release.  The size of the deal was not revealed, but it's estimated to be around $780 million based on Datalogix's revenue of $125 million, according to Ad Exchanger.Datalogix tracks over 650 brands, including Unilever, Ford, and Kraft, and works with platforms like Twitter, AOL, and Yahoo, to approximate the effectiveness of online advertising on in-store purchases.After the merger, Datalogix will augment Oracle's data cloud businesses with more consumer data. Specifically, the combined entity will become a central repository for aggregated cookie IDs, email and postal information, as well as mobile, social, and broadband TV user data across 110 million US households, according to presentation materials prepared for the deal.Datalogix is also one of Facebook's main partners. The companies have been working together to connect the online and offline dots for the past two years. Their partnership should remain intact after the deal goes through. In addition, the deal may also strengthen Facebook's advertising business if it can prove that its ads are effective in driving offline sales.Data is an integral part of the IoT and will become increasingly valuable as a way to increase efficiencies and wring more value out of technology. Companies, such as Datalogix, which can aggregate that data will become integral parts of the IoT ecosystem in the near future. SONY AIMS TO CHANGE SMART GLASSES MARKET: Sony's new entry into the heads-up-display (HUD) market is an attachable, modular device that can be added to any pair of glasses. The product is called Smart Eyeglass Attach! and is the successor to Sony’s SmartEyeglass wearable that’s set to go on sale in March. The Attach! version of Sony’s glasses wearables are likely to appeal to users who have rejected HUDs due to their awkward appearance.We see smart glasses playing only a small role in the general wearables market in the short-term. The market will be dominated by smartwatches and fitness bands through the end of the decade.MANY IoT DEVICES WILL BE CONNECTED ON CHRISTMAS: 2015 will undoubtedly be an important year for the connected home and the first test will come a little early, on Christmas Day 2014. Internet-connected consumer devices will be a top gift category and bring an unprecedented number of new devices online on Christmas, Fast Company notes. This will also be a test for how mainstream consumers react to IoT products. If devices are easy to install and quickly provide benefits to users, there will likely be  a strong word-of-mouth reaction. On the other hand, if people have only lukewarm reactions to their new devices, it could stall the market next year. Our expectation is that 2015 will not be a huge year for the connected home market, primarily because consumers still aren't convinced that IoT devices are worth the price or more than a gimmick.Research Associate Jessica Smith and Reporter Hope King contributed to this briefing. Here's what else BI Intelligence subscribers are reading…Apple Pay Adoption Is Huge At These 5 RetailersTHE PAYMENTS ECOSYSTEM: The Players And Trends That Are Reshaping The IndustryE-COMMERCE BENCHMARKS: How Online Retailers Stack Up On Key Mobile And Web Performance Indicators Sign up for notifications from Insider! Stay up to date with what you want to know. Subscribe to push notifications Deal icon An icon in the shape of a lightning bolt. Keep reading Newsletter Get a daily newsletter packed with stats about trends affecting your industry. Sign up for Chart of the Day. Loading Something is loading. 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Here's Why Cisco Made A Whopping $5 Billion Acquisition Today - Business Insider Enterprise BI Intelligence Events Trending Tech Finance Politics Strategy Life Sports Video All Continue to Business Insider » You will be redirected in seconds. × From To You have successfully emailed the post. Here's Why Cisco Made A Whopping $5 Billion Acquisition Today Julie Bort Mar. 15, 2012, 11:23 AM 4,742 7 facebook linkedin twitter email print AP Images See Also We did a blind taste test of popular french fries — the winner was clear Why Korean parents are having their kids get plastic surgery before college Democrats have finally run out of other people's money In its largest acquisition in years, Cisco today announced it was spending $5 billion to acquire NDS Group, maker of technologies for pay-per-view television. Cisco hasn't spent this much since it bought a company with similar technology in late 2005. It spent $6.9 billion on set-top box maker Scientific-Atlanta. The NDS Group makes software for cable and satellite providers. Cisco is on a mission to revamp pay-per-view television and turn it into a two-way interactive thing. With its Cisco Videoscape product, which it sells to service providers, TV viewers can interact with TV shows and ads in all sorts of ways. They can, from the video screen, chat about the TV show on Facebook or Twitter or they can pause a show and restart it on a mobile device. Most importantly for the service providers, viewers can also order products being advertised and have them billed to their cable TV statements. The NDS Group's software will be used to bolster Videoscape. NDS names some of the largest cable and satellite players worldwide as customers. Its U.S. customers include Cox and DIRECTV. Funny thing is, that just a few weeks ago, rumors were circulating that Cisco was going to dump Scientific Atlanta --  and get out of the set-top business. Cisco denied it. At the company's last earnings call with analysts, CEO John Chambers said that Cisco was going to do more here, bringing service providers technology for Internet-based set top boxes and cloud services. Big acquisitions like this are typical of Cisco when the company is trying to buy a customer base. If it succeeds, your television watching experience will never be the same. More: Cisco Acquisition Video Internet facebook linkedin twitter email print Recommended For You Comments Comments on this post are now closed. Insiders 0 All Comments 7 Apply To Be An "Insider" » Loading Here's Why Cisco Made A Whopping $5 Billion Acquisition Today Here's Why Cisco Made A Whopping $5 Billion Acquisition Today Cisco is on a quest to build the next generation TV. Recommended For You Featured How data is saving the retail industry More "Digital Business Decoded" » 3 types of insurance that can protect your family for years to come More "World 2.0" » Get Enterprise Emails & Alerts Sign-Up Learn More » Enterprise Select More Featured Business Insider Select Tech Select Tech Chart Of The Day Markets Chart Of The Day 10 Things Before the Opening Bell Instant MBA Business Insider Events BI Intelligence Daily Finance Finance Select Markets Select Monday Scouting Report Your Money Select Financial Advisor Insights Smart Investor CFO Insider Prime Finance Strategy Strategy Select Advertising Select Retail Select Careers Select null Politics Politics Select Military Select Life Life Select Transportation Select Education Select Entertainment Select null Tech Enterprise Select Science Select Mobile Chart Of The Day E-Commerce Chart Of The Day Payments Chart Of The Day Digital Media Chart Of The Day IoT Chart of the Day Charts of the Day Sports Chart Of The Day Top 10 Things 10 Things In Tech You Need To Know Closing Bell Sports Sports Latest Deals The Trendsetter Gift Guide Holiday Central Latest Research FREE: Mobile Payments - Everything You Need to Know The Messaging App Report The Internet of Things 2015 Report The Digital Disruption of Retail Banking Read Business Insider On The Go Available for iPhone, iPad, and Android Find A Job Tech Jobs C-Level Jobs Media Jobs Design Jobs Finance Jobs Sales Jobs See All Jobs » Thanks to our partners * Copyright © 2015 Business Insider Inc. All rights reserved. Registration on or use of this site constitutes acceptance of our Terms of Service and Privacy Policy. Disclaimer Commerce Policy Powered by MongoDB Stock quotes by finanzen.net Made in NYC International Editions: UKDEAUSIDINMYSG

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DENTSU CLOSES ITS ACQUISITION OF AEGIS:  http://www.businessinsider.com/dentsu-closes-its-acquisition-of-aegis-2013-3/comments en-us Thu, 05 May 2016 22:50:29 -0400 Thu, 05 May 2016 22:50:29 -0400 Laura Stampler http://static3.businessinsider.com/assets/images/bilogo-250x36-wide-rev.png Business Insider http://www.businessinsider.com

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