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WPP ACQUIRES 'CATVERTISING' AGENCY JOHN - Business Insider Advertising BI Intelligence Events Trending Tech Finance Politics Strategy Life Sports Video All × From To You have successfully emailed the post. Mar. 4, 2013, 4:46 PM JE 86 facebook linkedin twitter email print WPP ACQUIRES 'CATVERTISING' AGENCY JOHN ST.: Canada's Marketing magazine reported the buyout. John St. was behind the viral (and hilarious) "catvertising" self promo from 2011. -- JE 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 WPP ACQUIRES 'CATVERTISING' AGENCY JOHN WPP ACQUIRES 'CATVERTISING' AGENCY JOHN WPP ACQUIRES 'CATVERTISING' AGENCY JOHN ST.:... 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 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 Stock quotes by finanzen.net Made in NYC International Editions: UKDEAUSIDINMYSG

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MICROSOFT ACQUIRES YAMMER FOR $1.2 BILLION - Business Insider Login   Login Username Password Remember me Forgot username or password? Login with Twitter Login with Facebook Login with LinkedIn Login with Google Register SAI: Enterprise Home Tech SAI Enterprise Science FACEBOOK IS NOT GOING TO BID FOR TUMBLR: Tumblr Is Yahoo's For The Taking, Say Sources FACEBOOK IS NOT GOING TO BID FOR TUMBLR: Tumblr Is Yahoo's For The Taking, Say Sources Marketo's Makes A Mint As It's IPO Shares Soared Over 77% DEER ANTLER SPRAY: The Natural Supplement That Seems Too Good To Be True Finance Clusterstock Your Money 10 Wild Statistics About How Nobody Can Lose In This Market 10 Wild Statistics About How Nobody Can Lose In This Market High-Paying Careers For People With Notoriously Low-Paying Degrees Markets BARRON'S: There Were Two Gigantic, Suspicious Sales Of Gold On Friday That Caused The Price To Plunge Politics Politics Defense Law & Order Here's How The IRS Planted The Question That Sparked The Tea Party Scandal Here's How The IRS Planted The Question That Sparked The Tea Party Scandal It's Time To Discuss The Secret CIA Operation At The Heart Of The Benghazi Scandal How A Successful Lawyer Knew She Was A Sociopath Strategy Strategy Careers Small Business Yale's Emotional Intelligence Test Will Determine If You'd Be A Good Leader Yale's Emotional Intelligence Test Will Determine If You'd Be A Good Leader EXPERT: 85% Of College Students Are Wasting Their Time And Money Yale's Emotional Intelligence Test Will Determine If You'd Be A Good Leader Entertainment 22 Actors Who Have Said They Hate Their Own Movies Advertising 15 Recent Ads That Glorify Sexual Violence Against Women Retail Abercrombie & Fitch CEO Won't Apologize For Saying He Only Wants Cool Thin People To Wear His Clothes Sports Tim Duncan's Resume Places Him Among The Best Big Men In NBA History Life The Life Transportation The 25 Best Hotels In Asia The 25 Best Hotels In Asia The 20 Worst Airlines In The World More Latest Video Lists The Hive Your News BI Intelligence Events About BI Events BI Intelligence SAI: Enterprise Home Cloud Computing Software As A Service Enterprise Software Security Data Center Mobile Hive Contributors Documents Jobs Follow us on Facebook and get updates from SAI: Enterprise posted directly to your news feed   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. MICROSOFT ACQUIRES YAMMER FOR $1.2 BILLION Matt Lynley | Jun. 25, 2012, 2:02 PM | 5,869 | 14 Email More Share on Tumblr Tweet Email Share on Tumblr Yammer  See Also This iOS Developer Thinks Amazon Coins Are A Trick That Will Deceive Customers This Former Google and VMware Exec Could Help Microsoft Lure New Types Of Developers HP: SAP Wants To Buy Some Of Our Software Units And We Keep Saying No There's a new billion-dollar company in the South of Market neighborhood in San Francisco. Microsoft has officially acquired enterprise social network Yammer for $1.2 billion. Business Insider first reported the acquisition was in the works earlier this month. Microsoft is acquiring the company of former PayPal COO David Sacks for $1.2 billion in cash. Yammer's employees will join Microsoft's Office division and continue to report to Sacks. Yammer has 5 million corporate users, the company said today. Yammer's Web-based software lets employees work together on projects and share information in an environment that looks more like Facebook than Microsoft Office. The enterprise social network raised $85 million in February at a reported valuation of $500 million. Don't Miss: OFF WITH THEIR HEADS! Forbidden Tweets And Photos From David Sacks' Lavish Party Here's the full release: REDMOND, Wash. and SAN FRANCISCO, June 25, 2012 — Microsoft Corp. and Yammer Inc. today announced that they have entered into a definitive agreement under which Microsoft will acquire Yammer, a leading provider of enterprise social networks, for $1.2 billion in cash. Yammer will join the Microsoft Office Division, led by division President Kurt DelBene, and the team will continue to report to current CEO David Sacks. "The acquisition of Yammer underscores our commitment to deliver technology that businesses need and people love," said Steve Ballmer, CEO, Microsoft. "Yammer adds a best-in-class enterprise social networking service to Microsoft's growing portfolio of complementary cloud services." Launched in 2008, Yammer now has more than 5 million corporate users, including employees at 85 percent of the Fortune 500. The service allows employees to join a secure, private social network for free and then makes it easy for companies to convert a grassroots movement into companywide strategic initiative. Yammer will continue to develop its standalone service and maintain its commitment to simplicity, innovation and cross-platform experiences. Moving forward, Microsoft plans to accelerate Yammer's adoption alongside complementary offerings from Microsoft SharePoint, Office 365, Microsoft Dynamics and Skype. "When we started Yammer four years ago, we set out to do something big," Sacks said. "We had a vision for how social networking could change the way we work. Joining Microsoft will accelerate that vision and give us access to the technologies, expertise and resources we'll need to scale and innovate." The acquisition is subject to customary closing conditions, including regulatory approval. Recommended For You Please follow SAI: Enterprise on Twitter and Facebook. Follow Matt Lynley on Twitter. Tags: Enterprise Software, Microsoft, Yammer | Get Alerts for these topics » Advertisement: Short URL 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=4fe8a7adeab8eae80f000000&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=4fe8a7adeab8eae80f000000&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=4fe8a7adeab8eae80f000000&amp;width=300&amp;height=430" width="300" height="430" border="0" frameborder="0"></iframe> Blackboard Home » Microsoft Summary Microsoft Corporation is an American public multinational corporation headquartered in Redmond, Washington, USA that develops, manufactures, licenses, and supports a wide range of products and services predominantly related to... More » Yammer Summary Yammer is an enterprise social network service that was launched in September 2008. Unlike Twitter, which is used for broadcasting messages to the public, Yammer is used for private communication within organizations or between... More » Matt Lynley Writer Contact: e-mail: mlynley@businessinsider.com Subscribe to his twitter feed Recent Posts Well, Now We Know Where App... Stunning, High-Res Photos O... THE ZUCKERBERG BUMP: Facebo... Comments on this post are now closed. The Water Cooler Insiders 0   All Comments 14   Apply To Be An "Insider" » Loading Apply To Be An "Insider" » MICROSOFT ACQUIRES YAMMER FOR $1.2 BILLION MICROSOFT ACQUIRES YAMMER FOR $1.2 BILLION Confirmed! 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, ! 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See more » Find A Job In partnership with Tech Jobs Media Jobs Finance Jobs C-Level Jobs Design Jobs Sales Jobs See All Jobs The Hive About The Hive » What Smart People Are Reading Right Now I know who 'Satoshi Nakamoto' is, says Ted Nelson • The Register 1 Arduino and Wi-Fi, together in the immediate future Technica 1 Janelle Monáe at Symphony Center 1 Video: Reboots that need the boot, part 2-SimCity Technica 1 Toyota RAV4 EV Demo - YouTube 1 More Less See All » The Future Of Mobile The Social Media Advertising Ecosystem Explained Here Are The Major Players In Mobile Advertising Who Will Win As Mobile Payments Go Mainstream [SLIDE DECK] Why Mobile Commerce Is Set To Explode Advertisement Thanks to our partners A-Z Index Companies Authors Categories Latest Contributors Video Full Archives Tools Job Listings Document Center Lists & Rankings Silicon Alley 100 Digital 100 Silicon Valley 100 Clusterstock 50 The Most Important Charts The Life 50 America's Best Colleges Best Business Schools Sexiest CEOs More Your Account Register Change Your Email Preferences About BI About Jobs at BI Masthead Contact Advertise Mobile Conflict of Interest Policy Contributors FAQ Follow BI Email Newsletters Alerts RSS Twitter LinkedIn Facebook Google+ Verticals Tech Entertainment Wall Street Markets Strategy Careers Retail Sports Lifestyle Science Enterprise Lists Politics Defense Law & Order Advertising Getting There Misc. 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Google Acquires Wireless Internet Network - Business Insider Tech BI Intelligence Events Trending Tech Finance Politics Strategy Life Sports Video All × From To You have successfully emailed the post. Correction: Google Did Not Buy ICOA Inc.* Kevin Smith Nov. 26, 2012, 10:12 AM 2,278 1 facebook linkedin twitter email print Like many other outlets we were duped by a fake press release saying that Google had acquired wireless Internet network provider ICOA INC for $400 million.  ICOA Inc. provides Wi-Fi to high traffic public locations like airports and restaurants and because of Google's recent pursuits in fiber internet many assumed it to be true. AllThingsD didn't buy the story, it was the first to say the report was fake via Google sources. Don't Miss: FRAUD ALERT: Report That Google Bought A Penny-Stock Company For $400 Million Is Bogus > More: Google Google Fiber 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 Correction: Google Did Not Buy ICOA Inc.* Correction: Google Did Not Buy ICOA Inc.* Fraud alert. 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 Login   Login Username Password Remember me Forgot username or password? Login with Twitter Login with Facebook Login with LinkedIn Login with Google Register Sports Page Home Tech SAI Enterprise Science 15 Enterprise Tech Rock Stars You've Never Heard Of But Should Know 15 Enterprise Tech Rock Stars You've Never Heard Of But Should Know Marketo's Makes A Mint As It's IPO Shares Soared Over 77% DEER ANTLER SPRAY: The Natural Supplement That Seems Too Good To Be True Finance Clusterstock Your Money DOUG KASS: Here Are My 31 Favorite Books On Investing DOUG KASS: Here Are My 31 Favorite Books On Investing High-Paying Careers For People With Notoriously Low-Paying Degrees Markets ANALYST: The Past Two Weeks Were A Preview Of The 'Horror Movie' Coming To The Bond Market This Summer Politics Politics Defense Law & Order Official Reveals That Obama Administration Members Knew About Conservative IRS Complaints During The Election Official Reveals That Obama Administration Members Knew About Conservative IRS Complaints During The Election It's Time To Discuss The Secret CIA Operation At The Heart Of The Benghazi Scandal A Diagnosed Sociopath Says Her Disorder Made Her A 'Great Lawyer' Strategy Strategy Careers Small Business Yale's Emotional Intelligence Test Will Determine If You'd Be A Good Leader Yale's Emotional Intelligence Test Will Determine If You'd Be A Good Leader CAREER EXPERT: Americans Are Wasting Their Time And Money On College Yale's Emotional Intelligence Test Will Determine If You'd Be A Good Leader Entertainment 7 Celebrities Who Love 'Star Trek' More Than You Advertising Reddit's Ad Sales Pitch Deck — Featuring Grumpy Cat And The Beastmaster — Is Mindblowing Retail Abercrombie & Fitch CEO Won't Apologize For Saying He Only Wants Cool Thin People To Wear His Clothes Sports Tim Duncan's Resume Places Him Among The Best Big Men In NBA History Life The Life Transportation The 25 Best Hotels In Asia The 25 Best Hotels In Asia The 20 Worst Airlines In The World More Latest Video Lists The Hive Your News BI Intelligence Events About BI Events BI Intelligence Sports Page Home NFL MLB NHL NBA Sports Media College Sports Golf Sports Page 50 Hive Contributors Documents Jobs Follow us on Facebook and get updates from Sports Page posted directly to your news feed   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. REPORT: Redskins Have Acquired Second Pick In Draft And Opportunity To Pick Robert Griffin III Cork Gaines | Mar. 9, 2012, 10:33 PM | 890 | 4 Email More Share on Tumblr Tweet Email Share on Tumblr 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. Recommended For You Please follow Sports Page on Twitter and Facebook. Follow Cork Gaines on Twitter. Ask Cork A Question » Tags: NFL, Sports, Washington Redskins, Robert Griffin III, Baylor | Get Alerts for these topics » Advertisement: Short URL 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=4f5acb8b6bb3f7b97100003c&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=4f5acb8b6bb3f7b97100003c&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=4f5acb8b6bb3f7b97100003c&amp;width=300&amp;height=430" width="300" height="430" border="0" frameborder="0"></iframe> Blackboard Home » NFL Summary The National Football League is the premier organization of American football in the United States. The league consists of 32 teams, divided into two conferences and eight four-team divisions, with four divisions per conference... More » Washington Redskins Summary The Washington Redskins are a member of the National Football League and participate in the NFC East.  The Redskins play at FedExField in Landover, Maryland, and has headquarters at Redskin Park in Ashburn, Virginia.... More » Cork Gaines Contact: e-mail: cgaines@businessinsider.com AIM: corkgaines Subscribe to his twitter feed View his Google+ profile Ask Cork a Question Recent Posts The Astros Lost A Game In M... Why The US Open Finals Movi... Tim Duncan's Resume Places ... Comments on this post are now closed. The Water Cooler Insiders 0   All Comments 4   Apply To Be An "Insider" » Loading Apply To Be An "Insider" » 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. 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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If the $1 Billion Acquisition Deal Falls Through, Facebook Owes Instagram $200 Million 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 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 If The $1 Billion Acquisition Deal Falls Through, Facebook Owes Instagram $200 Million Alyson Shontell 2012-04-23T19:45:00Z 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 Jesse Waits Today Facebook amended its S-1 filing. In it is this juicy tidbit:If, for some reason, the Instagram acquisition deal doesn't close (it's expected to next quarter), Facebook owes Instagram a $200 million termination fee.If all goes according to plan, Facebook will acquire Instagram for approximately 23 million shares of its common stock and $300 million in cash.From the revised S-1:We have agreed to pay Instagram a $200 million termination fee if governmental authorities permanently enjoin or otherwise prevent the completion of the merger or if either party terminates the agreement after December 10, 2012. 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! 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. Instagram Facebook 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 © 2023 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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Amazon Discussed Signal Acquisition Before Buying Wickr 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. Tech Amazon wants more encryption technology so badly it considered buying one of the most popular secure messaging apps cofounded by an early WhatsApp executive Eugene Kim 2021-06-28T20:45:31Z 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 Andy Jassy, the CEO of Amazon Web Services. Amazon This story is available exclusively to Insider subscribers. Become an Insider and start reading now. Amazon internally discussed buying the encrypted-messaging app Signal before acquiring Wickr. Amazon said Friday it's buying Wickr, an encrypted-messaging app popular among government agencies. The interest in Signal and Wickr reflects AWS's ambition to get into the productivity-apps space. Amazon considered making a bid for the encrypted-messaging app Signal before acquiring Wickr, Insider has learned.Amazon announced on Friday that it's buying Wickr, an encrypted-messaging service popular among large enterprises and government agencies. Terms of the deal were not disclosed, but Stephen Schmidt, Amazon Web Services' chief information security officer, said in a blog post that the need for "secure communications is accelerating."Amazon has been interested in improving its encryption capabilities for AWS lately, and it saw an opportunity to move faster by acquiring an existing encrypted-messaging service such as Signal, two people familiar with the matter said. Most of Amazon's most senior leaders on its S-team now use Signal to communicate with others, one of the people said.One person said the Signal idea ultimately fizzled out as AWS didn't see a unique customer value proposition besides the app's huge user base, and it couldn't justify the inflated valuation multiples of popular software companies in general. Signal's current legal structure may also have made an acquisition difficult, and creator Moxie Marlinspike is no fan of Big Tech. Instead, the Wickr deal made more sense, the person said, because it offered similar benefits at a much lower price, and Wickr owned valuable intellectual property in areas such as encryption that could be used immediately.On top of that, Wickr could help accelerate AWS's growing presence in the public sector, the person said. A number of government agencies, such as the CIA, already use AWS cloud services, and these customers have been asking for even stronger end-to-end encryption. Representatives for Amazon and Signal didn't respond to requests for comment."With the move to hybrid work environments, due in part to the COVID-19 pandemic, enterprises and government agencies have a growing desire to protect their communications across many remote locations," Schmidt wrote in the blog post announcing the Wickr deal.More broadly, AWS's interest in Signal and Wickr reflects the company's growing desire to move into the productivity-applications space, the people familiar with the matter said.AWS got its start from its cloud-infrastructure service, and it still generates most of its revenue from products that provide cloud-computing power and storage space to customers.But so far, the company has largely failed to move up to the area of business applications — broadly called software as a service — falling behind competitors such as Microsoft, Google, and Salesforce.Recently, Larry Augustin, a high-profile executive whom AWS hired to lead its productivity-apps efforts, abruptly left less than two years into his job, as Insider reported last month.Do you work at Amazon? Contact the reporter Eugene Kim via the encrypted-messaging apps Signal/Telegram (+1-650-942-3061) or email (ekim@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: What's going on with Jeff Bezos and Amazon More: Amazon Amazon Web Services Signal Andy Jassy Cloud Encryption Encrypted messaging Merger and Acquisitions Technology SaaS 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. 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Reuters And Bloomberg Are Jockeying To Acquire The Financial Times — Michael Wolff - Business Insider Tech BI Intelligence Events Trending Tech Finance Politics Strategy Life Sports Video All × From To You have successfully emailed the post. × Reuters And Bloomberg Are Jockeying To Acquire The Financial Times — Michael Wolff Kevin Lincoln Feb. 9, 2012, 11:39 AM 1,404 3 facebook linkedin twitter email print Flickr/Financial Times photosTwo titans of international news, Bloomberg and Thomson Reuters, both would like to acquire pink British newspaper the Financial Times, according to Michael Wolff in The Guardian. Wolff cites a source who is a senior executive at Reuters — his source told him that the FT has already turned down a Bloomberg offer and is currently in "clear discussions" with Reuters, though any sale might still be a long way off. The column, which is full of great media gossip, is worth reading in full — Wolff also mentions that Mayor Michael Bloomberg, majority shareholder of Bloomberg, "seemed tempted" to acquire the New York Times a few years back. Wolff also says that Reuters could purchase the Wall Street Journal from Rupert Murdoch's News Corp. in a couple of years. UPDATE: Pearson, the owner of the Financial Times, has reached out to us with this statement: "The FT is a very valued and valuable part of Pearson. It is not for sale." More: Bloomberg Reuters New York Times News Corp facebook linkedin twitter email print × Recommended For You Powered by Sailthru Comments Comments on this post are now closed. Insiders 0 All Comments 3 Apply To Be An "Insider" » Loading Reuters And Bloomberg Are Jockeying To Acquire The Financial Times — Michael Wolff Reuters And Bloomberg Are Jockeying To Acquire The Financial Times — Michael Wolff Could the famous pink newspaper be sold? 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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MICROSOFT ACQUIRES YAMMER FOR $1.2 BILLION - 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. MICROSOFT ACQUIRES YAMMER FOR $1.2 BILLION Matt Lynley Jun. 25, 2012, 2:02 PM 6,029 14 facebook linkedin twitter email print Yammer See Also Meg Whitman: We just signed a big deal to help Microsoft sell its Amazon-killer cloud We did a blind taste test of popular french fries — the winner was clear Gunman kills 3, injures 9 in shooting at Colorado Springs Planned Parenthood There's a new billion-dollar company in the South of Market neighborhood in San Francisco. Microsoft has officially acquired enterprise social network Yammer for $1.2 billion. Business Insider first reported the acquisition was in the works earlier this month. Microsoft is acquiring the company of former PayPal COO David Sacks for $1.2 billion in cash. Yammer's employees will join Microsoft's Office division and continue to report to Sacks. Yammer has 5 million corporate users, the company said today. Yammer's Web-based software lets employees work together on projects and share information in an environment that looks more like Facebook than Microsoft Office. The enterprise social network raised $85 million in February at a reported valuation of $500 million. Don't Miss: OFF WITH THEIR HEADS! Forbidden Tweets And Photos From David Sacks' Lavish Party Here's the full release: REDMOND, Wash. and SAN FRANCISCO, June 25, 2012 — Microsoft Corp. and Yammer Inc. today announced that they have entered into a definitive agreement under which Microsoft will acquire Yammer, a leading provider of enterprise social networks, for $1.2 billion in cash. Yammer will join the Microsoft Office Division, led by division President Kurt DelBene, and the team will continue to report to current CEO David Sacks. "The acquisition of Yammer underscores our commitment to deliver technology that businesses need and people love," said Steve Ballmer, CEO, Microsoft. "Yammer adds a best-in-class enterprise social networking service to Microsoft's growing portfolio of complementary cloud services." Launched in 2008, Yammer now has more than 5 million corporate users, including employees at 85 percent of the Fortune 500. The service allows employees to join a secure, private social network for free and then makes it easy for companies to convert a grassroots movement into companywide strategic initiative. Yammer will continue to develop its standalone service and maintain its commitment to simplicity, innovation and cross-platform experiences. Moving forward, Microsoft plans to accelerate Yammer's adoption alongside complementary offerings from Microsoft SharePoint, Office 365, Microsoft Dynamics and Skype. "When we started Yammer four years ago, we set out to do something big," Sacks said. "We had a vision for how social networking could change the way we work. Joining Microsoft will accelerate that vision and give us access to the technologies, expertise and resources we'll need to scale and innovate." The acquisition is subject to customary closing conditions, including regulatory approval. More: Enterprise Software Microsoft Yammer facebook linkedin twitter email print Recommended For You Comments Comments on this post are now closed. Insiders 0 All Comments 14 Apply To Be An "Insider" » Loading MICROSOFT ACQUIRES YAMMER FOR $1.2 BILLION MICROSOFT ACQUIRES YAMMER FOR $1.2 BILLION Confirmed! 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Real Estate Search Engine Trulia Acquires Stealth Startup Movity. 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 Real estate search engine Trulia acquires stealth startup Movity. Updated 2010-12-21T09:43:22Z 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 Read in app Redeem now Real estate search engine Trulia acquires stealth startup Movity. 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! 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. Follow us on: * Copyright © 2023 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 Masthead Sitemap Disclaimer Accessibility Commerce Policy Advertising Policies CA Privacy Rights Coupons Made in NYC Jobs @ Insider Stock quotes by finanzen.net Reprints & Permissions Your Privacy Choices 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

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Insiders Are Shocked by Adobe's Multi Billion Dollar Price to Acquire Marketo 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. Enterprise Insiders are 'shocked' that Adobe is paying nearly $5 billion for Marketo, a deal that Salesforce and SAP also looked over Becky Peterson 2018-09-20T20:26:50Z 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 Adobe CEO Shantanu Narayen beat out rivals in $4.75 billion Marketo acquisition. Richard Heathcote / Getty This story is available exclusively to Insider subscribers. Become an Insider and start reading now. Redeem now Insiders are "shocked" at the nearly $5 billion price tag on Adobe's acquisition of Marketo, which was officially announced on Thursday hours after Business Insider reported the big-ticket deal was imminent."Almost spit out my coffee," said one source familiar with Marketo's financials. "I'm shocked at that number."It's unclear whether or not Adobe faced a bidding war, though several of Adobe's biggest competitors did take a look during the sales process, multiple sources told Business Insider.Vista Equity Partners, which bought Marketo for $1.8 billion in 2016, went to SAP early on in the sale process, according to one source, but SAP didn't make a high enough bid."They wouldn't pay the premium that Vista needed or wanted," the source said.Salesforce, which bought Marketo competitor ExactTarget for $2.5 billion on 2013, also took a look at the company around the same time as Adobe, according to multiple sources. Salesforce decided against bidding as of last week, according to one source, though its unclear whether that changed.Many software companies have seen huge valuations this year in both acquisitions and initial public offerings. Salesforce acquired MuleSoft for $6.5 billion in April — a 32% premium from where it traded before the deal. And in June, Microsoft acquired GitHub for $7.9 billion, 3.75 times its $2 billion valuation in 2015.At $4.75 billion, Marketo is Adobe's biggest acquisition since at least 2005, when it paid $3.4 billion in stock to buy Macromedia.Marketo reported just $321 million in revenue in 2017, according to Moody's Investors Service Inc and cited in an analyst note from SunTrust Robinson Humphrey. That means the marketing company fetched a 14.8x revenue multiple.Another source said that Vista paid between 6 and 7 times Marketo's revenue run rate when it bought the company in 2016, and noted the multiple for the current deal with Adobe was double that level. Adobe and Salesforce did not respond to requests for comment. SAP declined to 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? 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Google Buys AdMob For $750 Million In Stock - Business Insider Tech BI Intelligence Events Trending Tech Finance Politics Strategy Life Sports Video All × From To You have successfully emailed the post. Google Buys AdMob For $750 Million In Stock Dan Frommer Nov. 9, 2009, 12:17 PM 9,776 39 facebook linkedin twitter email print Google (GOOG) just made a big bet on mobile advertising: It acquired mobile ad network AdMob for $750 million in stock. This deal is not surprising: Google has always been pegged as AdMob's most likely acquirer. While Google already has its own fledgling mobile advertising business, especially focused on search advertising, AdMob has taken an early lead with display advertising on smartphone platforms, such as Apple's iPhone and even Google's Android. AdMob received 2.6 billion ad requests from iPhone and iPod touch devices in September, up from 130 million in September '08. (It received 10.2 billion total requests in September.) Google has already made a Web site explaining the deal, here. In it, the company acknowledges there may be some regulatory scrutiny, but does not "currently" think the deal will face questions from tougher European regulators. "AdMob's business simply is too small," Google says. Bigger picture: Mobile advertising is still tiny compared to Internet advertising, but companies like Google are obviously hoping it can be a growth driver. Kelsey Group projects the U.S. mobile ad market will reach $3.1 billion in 2013, up from $160 million in 2008. But as Henry Blodget recently wrote, there are many unanswered questions about mobile ads that will need answers before it's a real opportunity. Don't miss, "Enough Empty-Headed Puffery About The Huge New Opportunity In Mobile Ads." The deal comes as AdMob was rumored to be seeking new funding ahead of an IPO in about a year. (And as wacky, obviously incorrect rumors pegged Apple has a potential AdMob buyer last week.) The purchase price is a solid return for AdMob's investors, including Sequoia Capital, Accel, and the DFJ Growth Fund. AdMob had raised about $50 million, according to CrunchBase. Don't miss: Grading Google's Acquisitions  → EXCLUSIVE FREE REPORT:25 Big Tech Predictions by BI Intelligence. Get the Report Now » More: Mobile Google AdMob Gadgets Big Tech iPhone Mobile Ads Deals Advertising Startups facebook linkedin twitter email print Recommended For You Comments Comments on this post are now closed. Insiders 0 All Comments 39 Apply To Be An "Insider" » Loading Google Buys AdMob For $750 Million In Stock Google Buys AdMob For $750 Million In Stock Google bets big on mobile advertising. 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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Chomp takes a big bite out of Apple. Apple reportedly acquired the app search engine startup for ~ $50 million. - Business Insider Login   Login Username Password Remember me Forgot username or password? Login with Twitter Login with Facebook Login with LinkedIn Login with Google Register Home Tech SAI Enterprise Science Google Considers Outbidding Facebook To Buy Waze For ~$1 Billion – Report Google Considers Outbidding Facebook To Buy Waze For ~$1 Billion – Report 500 New Cloud Apps Come Online Everyday And This Startup Protects Companies From The Onslaught Why Orange Juice Tastes Horrible After You Brush Your Teeth Finance Clusterstock Your Money Markets Are Lower After Another Insane Day In Japan Markets Are Lower After Another Insane Day In Japan Amazon Vs. Costco: Which Is Better For Buying In Bulk? 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PUBLICIS GROUPE HAS ACQUIRED ROKKAN: The http://www.businessinsider.com/publicis-groupe-has-acquired-rokkan-the-2012-12 en-us Thu, 20 Dec 2012 13:02:00 -0500 Sat, 25 May 2013 10:46:31 -0400 Jim Edwards

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Green Thumb Industries Acquires Beboe for Undisclosed Amount of Stock 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 Subscribe Premium Home Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. Finance One of the largest US marijuana companies scooped up a fashion-forward brand known as the 'Hermes of Marijuana' in the latest pot M&A deal Jeremy Berke 2019-02-08T17:08:31Z 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 Scott Campbell and Clement Kwan, Beboe's founders. Courtesy of Beboe This story is available exclusively to Insider subscribers. Become an Insider and start reading now. Green Thumb Industries, a publicly traded chain of marijuana retailers, scooped up Beboe, a California brand known as the 'Hermes of Marijuana.'It's a bid to capture market share in one of the fastest-growing categories of marijuana consumers: women. Green Thumb Industries, one of the largest publicly traded US marijuana companies, has entered into an agreement to acquire Beboe, a luxury marijuana brand geared towards upscale consumers.The all-stock deal is expected to close in the first quarter of this year.For Green Thumb Industries CEO Ben Kovler, Beboe represents a push into capturing what he said is the "future of cannabis."Beboe "really checked all the boxes for us," said Kovler, in terms of what he says could be the most lucrative segment of the cannabis industry: female consumers who may have a little more disposable income, and may want products that reflect their sensibility. Read more: A top venture investor that's backed companies like Bird and TheRealReal explains why CBD is primed to explodeOlder women are one of the fastest-growing categories of marijuana consumers, according to a report from Eaze, a marijuana delivery service in California.  Beboe's line of products. Courtesy of Beboe Beboe recently released a line of CBD products, including a drink in partnership with Dirty Lemon (which recently landed an investment from Coca-Cola), as well as a rose-gold vape pen and line of THC and CBD-infused pastilles. Beboe's founders entered the cannabis industry with some serious fashion DNA. Co-founder Clement Kwan previously headed up YOOX Group's US business, where he was instrumental in putting together the online retailer's acquisition of Net-A-Porter.Kwan, along with tattoo artist Scott Campbell, founded Beboe in Los Angeles in 2017 as the first brand under their holding company For Success Holding. "We thought that in order to reach our full potential, we'd have to join forces with someone," Kwan said in an interview. Both Kwan and Scott will remain at Beboe in creative roles. In terms of future plans, Beboe's founders hope to leverage GTI's network and expand their products outside of California and Colorado."We just walked down the aisle," said Campbell. "We have yet to powwow and figure out the exact direction of our next steps, but we want to expand into every market possible." 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:A $200 million marijuana VC breaks down how he picks what companies to invest inMarijuana M&A is already hot in 2019, with a pot tech-vape tie-up worth $210 millionA weed-tech startup backed by an early Juul investor and Canopy Growth just raised $12 millionAn early investor in Juul is raising $75 million to make venture investments in pot companies 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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NewsCred Acquires Daylife - 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. What It Feels Like To Buy The Company You Always Looked Up To Megan Rose Dickey Oct. 17, 2012, 2:32 PM 1,938 facebook linkedin twitter email print NewsCredShafqat Islam, CEO and Founder, NewsCred See Also Target's online sales broke a record on Thanksgiving — here are the top 3 items sold Russia just dealt a huge blow to Turkey over its downing of a Russian warplane The biggest security mistakes people make when buying things online NewsCred founder Shafqat Islam always looked up to Daylife, a pioneering service which provided Internet publishers with tools for presenting articles, links, and images. Now he owns the company. NewsCred just acquired Daylife, whose customers include publishers like the Associated Press and BuzzFeed, for an undisclosed amount. "We used to look at Daylife and always think, 'Man, one day we're going to be as big as Daylife,'" Islam told us. "They really pioneered this whole idea of selling technology solutions to publishers." Islam says he has always been impressed with Daylife's tools, especially its Smart Galleries, which many say is one of the best tools on the market for collecting and displaying images.  When NewsCred first launched in 2008, they were initially focused on tools. They switched to licensing content. (Full disclosure: Business Insider is a NewsCred customer.) Over the last year, Islam says NewsCred has significantly grown on the brand side of the business and he eventually realized the potential for merging customers' content with Daylife's publishing tools.  "Offering up their tools to our customers, plus offering our premium content to their customers just made total sense, which is why we kind of went ahead and did this deal," Islam says. "It’s a big decision for us because it represents we’re going to be doubling our customer base overnight. Almost doubling our revenues. It’s a serious acquisition for us." Islam says that the experience will be completely seamless for Daylife customers and will be able to benefit from NewsCred's fully licensed articles, images and videos. For NewsCred customers, they will be able to access all of the tools Daylife has to offer. “The fit was just unnaturally perfect,” Islam says. For now, NewsCred and Daylife will continue to operate as separate websites but over time, Islam says they will eventually put Daylife under the NewsCred brand for the sake of consistency.  "I think the combined entity, to me at least, would really cement our places as the leaders here in this space," Islam says.  More: Publishing NewsCred Shafqat Islam 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 What It Feels Like To Buy The Company You Always Looked Up To What It Feels Like To Buy The Company You Always Looked Up To NewsCred buys Daylife to become a bigger player in Web-publishing tools. 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ESPN Acquires All of the Intellectual Property From PVI Virtual Media Services. They're the People Behind Those Yell... 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. Sports ESPN acquires all of the intellectual property from PVI Virtual Media Services. They're the people behind those yell... 2010-12-13T14:59:00Z 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 ESPN Acquires all of the Intellectual Property from PVI Virtual Media Services. They're the people behind those yellow, virtual first-down lines you see in NFL telecasts. 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! 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. Follow us on: * Copyright © 2023 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 Masthead Sitemap Disclaimer Accessibility Commerce Policy Advertising Policies CA Privacy Rights Coupons Made in NYC Jobs @ Insider Stock quotes by finanzen.net Reprints & Permissions Your Privacy Choices 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

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'Call of Duty' Won't Leave PlayStation After Microsoft Buys Activision 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 'Call of Duty' won't leave PlayStation after the Microsoft-Activision deal closes, Xbox head confirms Ben Gilbert 2022-01-20T22:01:22Z 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 Link icon An image of a chain link. It symobilizes a website link url. Copy Link Download the app An image from last year's "Call of Duty" game, "Call of Duty: Vanguard." Activision Microsoft announced it will acquire "Call of Duty" publisher Activision for an estimated $68.7 billion. The deal brings major multiplatform games like "Call of Duty" under Microsoft's umbrella. Xbox head Phil Spencer reassured fans that it doesn't mean every game will become an Xbox exclusive. 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. Microsoft announced its second major acquisition of a video game publisher on Tuesday morning: "Call of Duty" and "Diablo" publisher Activision plans to sell to Microsoft for an estimated $68.7 billion in an all-cash deal.Among the many reasons for the purchase, Microsoft wants to bring Activision's game library into its Netflix -like video game subscription service, Xbox Game Pass. "Upon close, we will offer as many Activision Blizzard games as we can within Xbox Game Pass and PC Game Pass, both new titles and games from Activision Blizzard's incredible catalog," Xbox leader Phil Spencer said in a blog post published on Tuesday morning.While it's not entirely clear which, if any, Activision Blizzard games will be launched as Xbox exclusives in the future, the tens of millions of "Call of Duty" players on Sony's PlayStation 4 and 5 can rest easy.  Spencer did offer those players an olive branch: "Activision Blizzard games are enjoyed on a variety of platforms," Spencer said, "and we plan to continue to support those communities moving forward."He added to that in a tweet on Thursday, saying, "Had good calls this week with leaders at Sony. I confirmed our intent to honor all existing agreements upon acquisition of Activision Blizzard and our desire to keep 'Call of Duty' on PlayStation. Sony is an important part of our industry, and we value our relationship."Notably: That isn't a direct confirmation that every future "Call of Duty" game will continue coming to PlayStation consoles, but it is a reassurance that they're not going anywhere anytime soon.In the case of Microsoft's acquisition of "Minecraft," the company has continued to support the game on a variety of competing platforms (including Nintendo's Switch and Sony's PlayStation 5). The same can be said for Microsoft's acquisition of Zenimax Media, which included Bethesda Softworks' "The Elder Scrolls Online" — an online multiplayer game that continues to operate on Sony's PlayStation consoles in addition to Microsoft's Xbox consoles. Microsoft has however said that some major upcoming games from Bethesda, including "Starfield" and the next "Elder Scrolls" game, will be exclusive to Xbox and PC platforms, opening the possibility for some future "Call of Duty" releases to get the exclusive treatment as well. All that said, Microsoft doesn't expect the acquisition deal to close until some point in the next 12 to 18 months, and games take years to make. If "Call of Duty" does become an Xbox exclusive, it's still at least a few years away.Got a tip? Contact Insider senior correspondent Ben Gilbert via email (bgilbert@insider.com), or Twitter DM (@realbengilbert). We can keep sources anonymous. Use a non-work device to reach out. PR pitches by email only, please. 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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Google's 15 Biggest Acquisitions And What Happened To Them - 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's 15 Biggest Acquisitions And What Happened To Them Matt Rosoff Mar. 14, 2011, 12:31 PM 372,217 12 facebook linkedin twitter email print APGoogle has a reputation as an innovative company, but in fact it owes a lot of its success to acquisitions. Google basically bought AdSense, the paid search platform that made it a financial powerhouse, from Applied Semantics in 2003. In addition, three of the four non-search businesses that Google has identified as its future -- YouTube, Android, and display advertising -- were acquired and run more or less independently today. The fourth -- enterprise apps -- was helped greatly by the acquisition of Postini. There were also plenty of acquisitions that never paid off. Google is not as bad as Microsoft in this respect, but it does have a couple of embarrassing $100 million mistakes. Join us as we count down Google's top 15 acquisitions by value and show what happened to them. View As: One Page Slides Click here to see Google's 15 biggest deals → » More: Features Online Google Big Tech Mergers And Acquisitions facebook linkedin twitter email print Recommended For You Comments Comments on this post are now closed. Insiders 0 All Comments 12 Apply To Be An "Insider" » Loading Google's 15 Biggest Acquisitions And What Happened To Them Google's 15 Biggest Acquisitions And What Happened To Them Without acquisitions, Google would be nowhere. 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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Apple Acquisition: Particle - Business Insider Login   Login Username Password Remember me Forgot username or password? Login with Twitter Login with Facebook Login with LinkedIn Login with Google Register SAI Home Tech SAI Enterprise Science Microsoft Announces Its New Video Game Console, The Xbox One Microsoft Announces Its New Video Game Console, The Xbox One Former Amazon Employee: Working On Amazon's Cloud Can Be A Dull Job This Is The Biggest Explosion Scientists Have Ever Seen On The Moon Finance Clusterstock Your Money REPORT: Prosecutors Might Go After SAC Capital Under Law That Was Made For The Mafia REPORT: Prosecutors Might Go After SAC Capital Under Law That Was Made For The Mafia PUBLIC VS. PRIVATE COLLEGE: Which Is Better For Your Wallet? 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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. Apple Makes An Acquisition! Jay Yarow | Oct. 17, 2012, 6:44 AM | 3,339 | 1 Email More Share on Tumblr Tweet Email Share on Tumblr APEddy Cue, the Apple exec in charge of Internet services  Apple has made an acqui-hire, buying Particle, a company that specializes in HTML development, Josh Lowensohn at CNET reports. The purchase was made a few weeks ago, and not all of Particle's dozen employees continued on at Apple. Particle had worked with Apple in past on Apple.com, iAd, and iTunes Extra. Lowensohn speculates the team will be working on Apple's web applications like iCloud.com. If there's one place Apple is weak, it's on the web. Apple has never built great Internet-based services. So, beefing up the team that works on those products makes sense. Recommended For You Please follow SAI on Twitter and Facebook. Follow Jay Yarow on Twitter. 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The company's best-known hardware products include the Macintosh line of computers... More » Recent Posts About Apple Apple Is About To Get A Deep Integration With Flickr, Which Is Going To Be Awesome For iPhone Users Tim Cook Defends Apple's Tax-Avoiding Policies To The Senate John McCain To Tim Cook: 'Why The Hell Do I Have To Keep Updating Apps On My iPhone?' Jay Yarow is a Senior Editor at The Business Insider Contact: e-mail: jyarow@businessinsider.com Work Phone: 646-376-6037 Subscribe to his RSS feed | twitter feed View his Google+ profile Ask Jay a Question Recent Posts Apple Is About To Get A Dee... Tim Cook Defends Apple's Ta... The Truth About Tumblr: Its... Comments on this post are now closed. The Water Cooler Insiders 0   All Comments 1   Apply To Be An "Insider" » Loading Apply To Be An "Insider" » Apple Makes An Acquisition! Apple Makes An Acquisition! It acqui-hires Particle, an HTML5 focused design company. Welcome, ! 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M&A

Valeant Acquires Sprout Pharma for $1 Billion 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. Science That was quick: The maker of the first approved women's libido drug was just acquired for $1 billion Lydia Ramsey Pflanzer and Reuters 2015-08-20T14:14:00Z 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 Associated Press The company that just won approval for a little pink pill that's been called "female Viagra" also just got a huge bump in funding.  Valeant Pharmaceuticals International Inc. said on Thursday it would buy Sprout Pharmaceuticals, whose drug flibanserin (Addyi) became the first approved treatment for low sexual desire in women, for about $1 billion with milestone payments.The drug treats a condition called hypoactive sexual desire disorder (HSDD), which can cause chronic low desires to have sex in women. Addyi is a non-hormonal treatment that sends chemicals to the brain in the hopes of increasing sexual desire for women.Sprout Pharmaceuticals is based in Raleigh, North Carolina and currently employs 34 people. It's been banking on Addyi as its main drug, and with that getting approval, the company needs this boost in funding to expand its operations.Sprout's controversial pink libido pill was approved on Tuesday by the U.S. Food and Drug Administration for pre-menopausal women, after being rejected twice over concerns about its effectiveness and side-effects. Addyi, popularly known as the "female Viagra", comes with strong warnings about potentially dangerous low blood pressure and fainting, especially when taken with alcohol. This has raised some questions about how it will do when it becomes commercially available.Raghuram Selvaraju, managing director of brokerage H.C. Wainwright & Co, has estimated peak sales of $100 million a year for Addyi. Viagra - a "blockbuster" in drug industry parlance - generated sales of about $1.7 billion in 2014.There are also concerns that the FDA was pressured into approving Addyi, given that Viagra - the first treatment for male sexual dysfunction - was approved more than a decade ago.Unlike Pfizer Inc's Viagra, which affects blood flow to the genitals, Addyi is meant to activate sexual impulses in the brain. Sprout was co-founded in 2011 by husband and wife Cindy and Robert Whitehead.The couple had previously sold another small drugmaker they founded, Slate Pharmaceuticals, which had received repeated warnings from the FDA about its marketing tactics.Slate marketed an implantable testosterone pellet for men with low levels of the male sexual hormone, called Testopel.Valeant, which has grown rapidly through acquisitions, said it would pay $500 million upfront and make another installment next year for privately owned Sprout. The Canadian company said it expected the deal to close in the third quarter of 2015. After its approval, Sprout estimated that Addyi would be available in the US by October 17, and Valeant says they have a similar timeline of getting the drug available by fourth quarter 2015.Reuters reporting by Natalie Grover, additional reporting by Supriya Kurane and Ankur Banerjee; Editing by Kirti Pandey and Ted Kerr 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! 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. 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M&A

2018 Has All the Makings of a Monster Year for 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 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 2018 has all the makings of a monster year for dealmakers Alex Morrell 2018-01-11T11:00:00Z 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 AP Images / Richard Drew This story is available exclusively to Insider subscribers. Become an Insider and start reading now. Redeem now 2017 was a bumper year for mergers and acquisitions, but 2018 could be even bigger.Several factors will continue to drive M&A in 2018, including global economic expansion and the new US tax law, according to a report by Citigroup.An increase in activist investing could scuttle deals, however.2017 finished off as a robust year for mergers and acquisitions, with $3.7 trillion in deals — the third-highest annual tally since the financial crisis. Megadeals over $10 billion soared in the second half of the year.But 2017's impressive run could just be a prelude to an even frothier deal environment in 2018."The market reaction to these deals was positive in 2017, highlighting the benefits of accelerating growth, improving technological capabilities, and broader geographic reach," Citi's Financial Strategy and Solutions Group wrote in a 2018 outlook report to its clients. "These benefits will continue to drive M&A into 2018 with several evolving themes."Multiple trends — including an influx of corporate cash from the new tax law — are aligning that could make it a monster year for M&A, according to Citi.Here are some of the factors driving M&A enthusiasm:Economic strength across the globe. "In 2018, 75% of major economies are expected to generate more than 2% GDP growth, compared to only 57% in 2011," Citi writes. "Aggregate corporate earnings are expected to rise by 10.1% in 2018, up from 7.0% in 2016."The Amazon effect is lingering in corporate boardrooms. "Rapid technological change is requiring companies to think unconventionally about the types of deals that are necessary to adapt to changing demographics, consumer behavior, and technological innovation," Citi writes. The report continued: "More firms are exploring transactions that blur traditional sector boundaries to create shareholder value."US corporate tax cuts will provide cash flexibility for acquisitions. "The domestic provisions of the tax reform result in an estimated annual 12% increase in cash flow for the median U.S. firm which, over a five-year period, creates 0.5x incremental leverage capacity," Citi writes.The repatriation of offshore profits could provide a boost, too. "The top 15 firms have more than $10 billion each and the next 20 have over $5 billion each," Citi writes. "While access to this cash provides immediate dry powder for additional M&A, many of these firms already have significant financial flexibility."Companies are already chasing growth — Federal Reserve action is likely to heighten that dynamic. Citi expects the anticipated interest-rate hikes from the Fed to further flatten the yield curve — the phenomena in which short- and long-term bonds start providing similar returns — pushing investors toward growth stocks. "As central bank unwinding continues, we expect an ongoing equity market premium for growth, requiring companies to remain focused on organic and M&A-driven growth initiatives," Citi writes.One theme that could scuttle deals is worth a mention: a marked increase in activist investing. Citi notes that roughly 8% of US M&A deals and 4% in Europe now face opposition from activists."Activist interference can be highly disruptive; almost one third of deals with activist interference were not completed," Citi writes, referring to 2017 figures. 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 Sign up for our newsletter to get the latest stories in hedge funds, PE, fintech, and banking — 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: Why the Dow plummeted after the Federal Reserve set interest rates at 0% More: M&A Wall Street Citi 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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M&A

Home Decor Flash Sales Site Fab Has Acquired FashionStake, a Fashion E-Commerce Site. Fab Is Expanding Beyond Its Ho... 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. Insider Intelligence Home decor flash sales site Fab has acquired FashionStake, a fashion e-commerce site. Fab is expanding beyond its ho... Alexander Cocotas 2012-01-13T14:18:00Z 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 Home decor flash sales site Fab has acquired FashionStake, a fashion e-commerce site. Fab is expanding beyond its home decor market into fashion. It's been a noisy week for flash sales, pointing to a looming shakeout in the industry. 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 Get a daily newsletter packed with stats about trends affecting your industry. Sign up for Chart of the Day. 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 be contacted by Insider Inc. and receive emails from Insider Intelligence and eMarketer (e.g. FYIs, partner content, webinars, and other offers) and accept our Terms of Service and Privacy Policy. You can opt-out at any time. Fab Fab.com Flash Sale Sites More... 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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Asian E-Commerce Giant Acquires Viber to Mesh Mobile-Social-Commerce Strategy 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. Insider Intelligence Viber, The Messaging App Just Acquired For $900 Million, Isn't As Big Or Fast-Growing As Its Competitors Cooper Smith 2014-02-14T19:09:00Z 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 Rakuten, Japan's largest e-commerce company, has acquired mobile messaging app Viber for $900 million.  Viber users share images, video, audio, and text messages. The service is a direct competitor to other mobile messaging apps, such as WhatsApp, LINE, and WeChat.  Here's how Viber stacks up against its competition:  Viber has 100 million monthly active users (MAUs), which represents 36% of its total registered users. Annual growth for 2013 is estimated at approximately 100%. (See chart, below.) For comparison, LINE, popular in Asia and Spain, has around 202 million MAUs, but its annual growth last year was an astounding 213%.  WhatsApp grew 212% in 2013.  With 96% user growth last year, China-based WeChat is growing at a similar pace to Viber, but it has roughly three times more monthly active users.  So what purpose does a mobile messaging app serve for an e-commerce giant?  In the press release announcing the acquisition, Rakuten said "Viber's range of customers" will strengthen the company's other services. Rakuten is clearly viewing Viber as a way to attract smartphone users to its shopping sites.  "We see in Japan how consumers prefer a more holistic online shopping experience," Bernard Luthi, Rakuten's chief operating officer, said in an interview with us last fall. "It's for that reason that Rakuten has matured into being a platform for merchants who sell their merchandise directly to consumers on a large scale."  Rakuten's merchants could potentially use Viber's messaging services to interact with millions of consumers, and announce offers and discounts.  The $900 million price tag that Rakuten paid for Viber now establishes a benchmark to value other fast-growing messaging apps.  Download the chart and data in Excel.  BI Intelligence 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. Email address By clicking ‘Sign up’, you agree to be contacted by Insider Inc. and receive emails from Insider Intelligence and eMarketer (e.g. FYIs, partner content, webinars, and other offers) and accept our Terms of Service and Privacy Policy. You can opt-out at any time. More: BII Charts BII Social BII E-Commerce Mobile Messaging Viber Rakuten BII Mobile BII Digital Media 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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M&A

AOL Won't Buy Us (Yet), Says Mashable - Business Insider Entertainment BI Intelligence Events Trending Tech Finance Politics Strategy Life Sports Video All × From To You have successfully emailed the post. AOL Won't Buy Us (Yet), Says Mashable Gillian Reagan Jan. 7, 2010, 6:05 PM 1,425 3 facebook linkedin twitter email print Remember those rumors that AOL was going to acquire tech blog Mashable? Mashable founder Pete Cashmore tries to squash them in a note. He writes: We’re very open to partnerships and always talk with those that get in touch.  We’ve certainly spoken to lots of potential partners, some of those conversations more significant than others.  But I don’t feel that any of those conversations reached a point at which Mashable is likely to cease being independent. What does this mean? Not much. AOL might still be bargaining with Mashable. Or it might not. Photo: Techset. More: Online Media AOL Deals Blogging Startups 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 AOL Won't Buy Us (Yet), Says Mashable AOL Won't Buy Us (Yet), Says Mashable Mashable founder Pete Cashmore tries to squash acquisition rumors. 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 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: UKDEAUSIDINMYSGPLSE

M&A

Apple's Potential M&a Candidates - $AAPL 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 There is a 40% chance Apple will acquire Netflix, according to Citi Jim Edwards 2018-01-01T08:47:44Z 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 Apple CEO Tim Cook and Netflix CEO Reed Hastings. Getty / BI illustration This story is available exclusively to 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. 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: A fourth class-action lawsuit against Google claims the company rips off publishers and their advertisers NOW WATCH: Netflix copycats are changing the streaming game and making viewers pay the price More: Apple Netflix 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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A16z-Backed Voice Startup Pindrop Acquires Next Caller, Eyes IPO 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 $925 million voice recognition startup Pindrop just acquired competitor Next Caller to accelerate its path to an IPO Aaron Holmes 2021-03-18T16:25:53Z 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 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 Pindrop cofounder and CEO Vijay Balasubramaniyan Pindrop This story is available exclusively to Insider subscribers. Become an Insider and start reading now. Redeem now Voice recognition startup Pindrop acquired competitor Next Caller for an undisclosed amount, the firm announced this week. Pindrop's enterprise product uses AI to verify callers' identity and detect fraud. CEO Vijay Balasubramaniyan told Insider the acquisition brings Pindrop closer to an IPO. Pindrop, an enterprise voice recognition startup backed by Andreessen Horowitz, CapitalG, and Citi Ventures, acquired competitor Next Caller for an undisclosed amount, it announced Wednesday. The acquisition comes on the heels of a year of surging revenue amid the pandemic, Pindrop cofounder and CEO Vijay Balasubramaniyan told Insider, adding that he expects the deal will accelerate the company's path to an IPO "in the next couple years." He added that the acquisition accelerated the company's plans to go public by roughly six months.Pindrop's product helps businesses verify the identity of callers and detect fraud using voice recognition and device monitoring. Most of the Atlanta-based firm's clients are call centers run by banks, insurance providers, and retailers, but it's recently started licensing voice technology to smart device makers, including a deal inked with TiVo in January.Pindrop's last round of fundraising was a Series D in 2018 at a $925 million valuation, Balasubramanian said.Next Caller provides a similar service — the New York-based startup incubated in Y-Combinator's 2014 batch uses proprietary technology to automatically detect call spoofing or suspicious activity. The 20-person company will operate as a wholly-owned subsidiary of Pindrop, which currently staffs 228 people."When the opportunity arose to join forces with the Pindrop team, we jumped," Next Caller cofounder and CEO Ian Roncoroni said in a statement.Call center volume rose in 2020 as business went remote amid the pandemic: 42% of brands surveyed by Forrester in November reported a rise in year-over-year call center volume since the onset of COVID-19. That led to a rise in business for Pindrop, Balasubramaniyan said, adding that the company achieved profitability for the first time shortly after the pandemic began."About a year back, we were actually super worried because COVID was a crazy time for a lot of people," he told Insider. "It was a real moment of saying, okay, how do we build a businesses? And we became super focused on profitability."But it wasn't always clear that Pindrop's product would be embraced by the market, Balasubramanian said. When he cofounded the company in 2011, he faced skepticism from critics who predicted that voice-based tech was on the way out."When we started I kept talking about how voice is going to be big, but most people were like, the phone call is dead," Balasubramanian said.But his prediction ended up holding true: Call centers are still central to how businesses operate, especially when vetting customers' identity.  Meanwhile, voice-operated smart devices are popular consumer products and voice-based social networks like Clubhouse are on the rise.The acquisition brings Pindrop closer to becoming "the single-stop shop for all of voice," Balasubramanian said: "We want to be the providers of identity and security and trust, which happen to be the most important things you need to figure out almost immediately." 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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These Two Charts Show Just How Brilliant Zuckerberg's Instagram Acquisition Was - Business Insider Tech BI Intelligence Events Trending Tech Finance Politics Strategy Life Sports Video All × From To You have successfully emailed the post. These Two Charts Show Just How Brilliant Zuckerberg's Instagram Acquisition Was Nicholas Carlson Oct. 10, 2012, 11:59 AM 5,318 8 facebook linkedin twitter email print Even defenders of Facebook CEO Mark Zuckerberg start by calling him a "product visionary." But it's becoming increasingly clear that Zuckerberg is also a bold and effective actor on a strategic, corporate level. The best example of this so far is his billion dollar purchase of Instagram over a weekend during the Spring of this year. When he did it, he did it over a weekend and all by himself – without notifying the board until he was about done with the deal.  Because it was right in the middle of Facebook's IPO warm-up, this freaked some people out. They wondered if too much of the company's fate rested in one person hands. These people should rest easy. Look at this chart. It shows that Instagram, which Facebook bought for 1% of its market cap, now  accounts for approximately* 20% of its monthly active users on mobile, according to new data from ComScore. Let's look at another chart. The blue area in this chart shows what Facebook's mobile growth would look like over the last six months if Zuckerberg had not made his big move.  The red area shows what Facebook gained because he did: For his next trick, Zuckerberg just needs to prove Facebook can make money from Instagram. *Obviously, many people use Instagram and Facebook, so this number is a little off.  More: Facebook Instagram 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 These Two Charts Show Just How Brilliant Zuckerberg's Instagram Acquisition Was These Two Charts Show Just How Brilliant Zuckerberg's Instagram Acquisition Was Instagram, which Facebook bought for 1% of its market cap, now  accounts for approximately 20% of its monthly active users on mobile. 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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Elon Musk's Leadership Style at Twitter Shouldn't Be Emulated: HR Pros 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. Strategy Elon Musk is whipping up chaos at Twitter. It's a terrible playbook for leadership following an acquisition. Shana Lebowitz 2022-11-04T13:07:22Z 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 Elon Musk's leadership style at Twitter isn't something to emulate, HR pros say. Susan Walsh/AP This story is available exclusively to Insider subscribers. Become an Insider and start reading now. Since buying Twitter, Elon Musk has fired execs and reportedly asked for 84-hour workweeks. This isn't good leadership practice. But Musk might want to root out people who don't support him. If you're trying to keep employees loyal and engaged, you probably shouldn't copy Musk's playbook. Elon Musk has touched off a tornado at Twitter.Since taking ownership of the platform in late October, Musk has given some executives the boot, is said to have told staff members to put in 84-hour weeks, has introduced stack ranking, and has added friends and associates to the company's internal directory.Now he's said to be planning to slash the workforce by half. Twitter has revoked employees' access to its offices and said in a memo to employees it would email workers about whether they still have a job. Some of those laid off employees are taking to social media.Many of Musk's actions are just about the opposite of what human-resources professionals would advise leaders to do after an acquisition — or perhaps anytime. Twitter is likely to see an exodus of talent and could face difficulty replacing critical roles. The company's chief people and diversity officer Dalana Brand resigned last week. Even those who stay are likely to remain distracted.Musk, who rarely sticks to a leadership script, doesn't seem intent on winning employees' trust or providing clarity about the company's future. But while it's possible that his actions are designed to root out people who don't support him or his vision, the cost of lining up loyalty could be high.Leaders, take note: If you're trying to get your people to stay loyal and engaged, you probably shouldn't copy Musk's playbook.Tech talent is unlikely to remain at Twitter for longTwo people familiar with Twitter's plans told Insider's Kali Hays that roughly 3,700 Twitter employees had been selected as of Wednesday to be laid off.Employees who have been working 12-hour shifts, seven days a week, haven't been told whether they'll receive overtime pay or time off, CNBC reported. At the same time, Musk has started ranking employees against one another. Without any announcement, he named himself Twitter's CEO on internal company profiles.Ordering employees to work 84-hour weeks isn't illegal, said Ayesha Whyte, an HR executive and employment attorney at the Virginia law firm Dixon Whyte. But "it's ridiculous to do so," she said, because some workers — even those accustomed to late nights and endless hours of coding — will eventually leave for a job with better work-life balance.Uncertainty about who's in charge and who's on the chopping block probably doesn't help. "There's no doubt engagement is taking a big hit right now," said Lars Schmidt, who runs the executive-search and advisory firm Amplify Talent. "People have no idea what their future is."Most Twitter employees would be able to get another job relatively easily. "If you're technical talent, you're still going to be in demand if you're good," said Steve Cadigan, who runs Cadigan Talent Ventures and previously worked on mergers and acquisitions at Cisco. As Insider reported in August, tech workers remain coveted despite widespread layoffs and worries about the strength of the economy.Few other leaders could get away with this behaviorCadigan said Twitter under Musk seemed to lack psychological safety and trust, which Cadigan called "the ingredients of high performance." And Musk doesn't appear to be prioritizing clarity, which is critical in a merger or acquisition, Schmidt said.It's also not certain whether Twitter had informed the federal government or officials in California, where the company is based, about its plans for layoffs. Companies are required to do so ahead of broad layoffs. Twitter didn't respond immediately to a request for comment on Musk's shake-up.Even though the self-dubbed chief twit's path isn't clear to observers, Cadigan said Musk typically knows what he's doing. After all, Musk's personal net worth — as the world's richest man — by most estimates is hovering around $200 billion; Tesla has a market cap of roughly $680 billion; SpaceX worked with NASA to send astronauts to space in 2020."His actions are showing followership from the existing team isn't something he's seeking right now," Cadigan said, adding that Musk might be saying, "I need to do a full reset here because this is just not going the way I want" in terms of leadership and business strategy."I wouldn't bet against him," Cadigan said. "He's proven us wrong with everything he's done in business." 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 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: Elon Musk Twitter More... Listen to The Refresh, Insider's real-time news show 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 . 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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Facebook Is About To Spend $100 Million On One Of Its Largest Acquisitions Ever http://www.businessinsider.com/facebook-is-about-to-make-one-of-its-largest-acquisitions-ever-2012-5/comments en-us Wed, 31 Dec 1969 19:00:00 -0500 Sat, 30 Apr 2016 17:35:35 -0400 Alyson Shontell http://www.businessinsider.com/c/4fc5b5b06bb3f7aa49000001 Event Horizon Wed, 30 May 2012 01:52:48 -0400 http://www.businessinsider.com/c/4fc5b5b06bb3f7aa49000001 I think Zuck just saw Face Off with Nicholas Cage and John Travolta and now he's thinking he can make FB to look like AAPL if he buys this little company. http://www.businessinsider.com/c/4fc59e8569bedde12e000017 ecigs Wed, 30 May 2012 00:13:57 -0400 http://www.businessinsider.com/c/4fc59e8569bedde12e000017 Awesome blog! Is your theme custom made or did you download it from somewhere? A theme like yours with a few simple adjustements would really make my blog jump out. Please let me know where you got your theme. Thank you http://www.businessinsider.com/c/4fc55a73eab8ea9d24000001 Stay Focused and Keep Selling FADBOOK before the price collapses into single digits!!! Tue, 29 May 2012 19:23:31 -0400 http://www.businessinsider.com/c/4fc55a73eab8ea9d24000001 It's because these clowns like Steve Jobs said have a feature and not a product. They have to spend their cash trying to find something. They like Gulag who bought hundreds of companies can't innovate like Apple. Even Microsoft can innovate better then Gulag. http://www.businessinsider.com/c/4fc55918ecad04ac01000001 dj Tue, 29 May 2012 19:17:44 -0400 http://www.businessinsider.com/c/4fc55918ecad04ac01000001 The deal is done on the IB side JPM (big holder of FB) and RBC (big holder of RIMM) 1for 2....lawyers are all ready working on the paper work ... http://www.businessinsider.com/c/4fc54f50eab8ea800b000001 Bob Jones Tue, 29 May 2012 18:36:00 -0400 http://www.businessinsider.com/c/4fc54f50eab8ea800b000001 Always risky to buy a company to stop someone else buying it, BUT, this is cool technology which they now own the patents to, so they can stop the comp in their tracks. Also face.com must be worth a few bucks. http://www.businessinsider.com/c/4fc5481869beddcf05000008 doodle Tue, 29 May 2012 18:05:12 -0400 http://www.businessinsider.com/c/4fc5481869beddcf05000008 OPTIONS- ON A TROUBLING AND FALL IPO ?BUT THEN AGAIN BACK TO WHERE PRICE SHOULD BE- ARE BGT CO's AT IPO OPENING PRICE- CURRENT OR WHEN COMPLETED- SOON PRICES WILLL GO NO WHERE http://www.businessinsider.com/c/4fc52e646bb3f7ab4e000014 Euro2cent Tue, 29 May 2012 16:15:32 -0400 http://www.businessinsider.com/c/4fc52e646bb3f7ab4e000014 Another purchase that smells of "before someone else does". (Also, "eat all you want, we'll make more", as a brand of chips put it.) http://www.businessinsider.com/c/4fc52a40ecad04f129000003 man... Tue, 29 May 2012 15:57:52 -0400 http://www.businessinsider.com/c/4fc52a40ecad04f129000003 i started writing a comment, but then i just couldn't think of anything remotely interesting or funny to say about this...I was going to say that i wonder if they applied for the new top-level domain 'dot book' and then i just ran out of steam...face.book....no-one else could be 'book' anything...zzzzzzzzzz

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HP: CFO Cathie Lesjak Tried To Stop $11.7 Billion Acquisition Of Autonomy - Business Insider Enterprise BI Intelligence Events Trending Tech Finance Politics Strategy Life Sports Video All × From To You have successfully emailed the post. HP Finance Chief Tried To Stop $11.7 Billion Acquisition, But Lost Matt Rosoff May 8, 2012, 6:57 PM 6,258 1 facebook linkedin twitter email print Flickr/HPOnly one remains. See Also Royal Navy fires warning shots as Spanish vessel harasses US sub in Gibraltar Incredible video of a B-52 fighting heavy crosswinds to land A 16-year-old girl was burned alive by a tribal council in Pakistan for helping a couple elope HP's chief financial officer Cathie Lesjak blindsided her old boss at a board meeting and told assembled directors she was totally opposed to HP's $11 billion acquisition of enterprise search company Autonomy. Fortune reports that Lesjak had told then-CEO Leo Apotheker in private that she was opposed to the deal, thinking it was too expensive. Apotheker had proposed paying 11x revenues for Autonomy, when comparable companies were priced at around 3x. But Apotheker was surprised when she countered him at the board meeting. According to Fortune, citing somebody at the board meeting, Lesjak said: I don't think it's a good idea. I don't think we're ready. I think it's too expensive. I'm putting a line down. This is not in the best interests of the company. HP went through with the deal anyway. But the conflict was just one of many examples of how Apotheker lost control over the complicated political landscape at HP, and he was ousted less than two months later. The thing is, the conventional wisdom in Silicon Valley says that Lesjak was probably right. One CEO of an enterprise company that does not compete with HP told us that he thought the valuation was completely insane, and grounds for firing Apotheker even without all his other slip-ups. Some HP partners have also criticized the deal, and Oracle said they passed on the deal at $6 billion because it was too expensive. More: Hewlett-Packard Autonomy Leo Apotheker 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 HP Finance Chief Tried To Stop $11.7 Billion Acquisition, But Lost HP Finance Chief Tried To Stop $11.7 Billion Acquisition, But Lost HP went and paid that much for Autonomy anyway. 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 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 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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Spotify Podcast Listener Growth 200% Before Ringer 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. Media Spotify's podcast listener growth is exploding – and The Ringer acquisition will only boost it higher Audrey Schomer 2020-02-06T16:22:16Z 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 was delivered to Business Insider Intelligence Digital Media Briefing subscribers earlier this morning.To check to see if you already have access to Insider Intelligence through your company, click here. Get a daily newsletter packed with stats about trends affecting your industry. Sign up for Chart of the Day. Loading Something is loading. Email address By clicking ‘Sign up’, you agree to be contacted by Insider Inc. and receive emails from Insider Intelligence and eMarketer (e.g. FYIs, partner content, webinars, and other offers) and accept our Terms of Service and Privacy Policy. You can opt-out at any time. Spotify continues to see growing podcast usage on the platform, with content hours streamed up 200% year-over-year (YoY), per the company's Q4 2019 earnings statement. Business Insider Intelligence Now more than 16% of its global monthly active users (MAU) listen to podcasts on the platform, up from 14% adoption in Q3 2019. Spotify grew total MAU to 271 million in the quarter, up 31% from 248 million in Q3 2019. Of that total, 153 million use the free, ad-supported tier and 124 million pay for the ad-free Premium plan.Podcast usage is likely to grow higher as Spotify further integrates its podcast acquisitions — that will mean both producing more exclusive pods and driving listeners to its owned content. Spotify is buying The Ringer — the pop-culture and sports site and podcast network led by Bill Simmons — with the deal expected to close in Q1 2020, per a company press release.That marks the company's fourth podcasting-related acquisition in the last 12 months: Last February, Spotify purchased podcast studio Gimlet and podcast publishing platform Anchor, followed in March by its acquisition of podcast studio Parcast. The Ringer operates a network of more than 30 podcasts, generating more than $15 million in ad sales in 2018, per sources to The Wall Street Journal last January.Spotify can use these acquisitions to further boost podcast listening in two keys ways: It can make more of its networks' content exclusive to Spotify and it can more aggressively promote its networks, like it did this summer with its "Summer of 69" Parcast playlist.Alongside ramping up content, Spotify is also taking steps to improve measurability on podcast content, which has been a notoriously poor across the industry. Podcasting has struggled with measurability, which has held marketers back from spending more on the format: While growing, ad revenue flowing to the medium is still relatively niche — it's projected to top $1 billion in the US by 2021, per PwC/IAB.Among marketers, downloads are typically accepted as measures of impression and reach, but downloads are an imperfect metric because they don't indicate actual listening or completion. Some podcast marketers have been willing to overlook measurement problems, given the format's other strengths: For example, 81% of podcast listeners have taken action after hearing audio ads during a podcast, per a Crowd DNA and Spotify survey of respondents in the US, UK, Australia, Mexico, Brazil, and Germany.Even still, Spotify is working to improve measurement capabilities: Earlier this month, Spotify introduced new backend tech called Streaming Ad Insertion (SAI) that will enable podcast advertisers to measure impressions as they occur and report on demographic metrics and listening behavior on the platform. For now, the tech is limited to Spotify original and exclusive shows only. Spotify's tech may not tackle one of the industry's biggest issues — measuring offline listening — but it could still provide marketers with some helpful clarity. Want to read more stories like this one? 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TikTok Users Praising Miscrosoft Amid US Acquisition Talks, Ban Threat 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 TikTok users are heaping praise on Microsoft after news broke that the company is in talks to buy the app Palmer Haasch 2020-08-03T19:01:42Z 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 TikTok users are making memes about stanning Microsoft. @prettyboykope/@blueboynv/TikTok Redeem now President Trump told reporters on July 31 that he was planning on banning TikTok in the United States, causing concern among many of the app's users and influencers. TikTok was not banned over the weekend, and Microsoft has confirmed that it is still in talks to acquire the app's US operations.Now, TikTok users who were worried about the app disappearing are celebrating Microsoft, making memes about the potential acquisition.Visit Business Insider's homepage for more stories. 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. TikTok was sent into a tizzy after President Trump told reporters late Friday night on Air Force One that he was planning on banning TikTok in the United States. Three days later, TikTok is still running, with Microsoft currently in talks to acquire its US operations, the company confirmed in a statement. Now, some TikTok users are making memes about Microsoft potentially saving TikTok. @blueboynv we love them💖 ##foryou ##fyp ##MiPan ##microsoft ##tiktok ##period ##letstan ##weloveyou ♬ love galore demo - 0kayk30n  TikTok has been plagued with the standing threat of a United States ban throughout the month of July. The crux of anti-TikTok sentiment in the United States is centered around security concerns in relation to TikTok's Chinese parent company ByteDance. US government officials have speculated that TikTok could potentially give United States user data to the Chinese government.Reuters reported on Aug. 1 that ByteDance was willing to divest its stake in TikTok in order to avoid a United States ban. The most notable prospective buyer is Microsoft, which is currently in talks to acquire TikTok's US operations. Reuters reported Monday that President Trump has given Microsoft and ByteDance 45 days to reach a deal.For TikTok users who have built up followings and communities on the app, the entire process has been an emotional rollercoaster. Tensions have been high since a glitch that caused likes and view counts to temporarily disappear occurred just days after Pompeo and Trump's early remarks, making it seem like TikTok was crumbling before their eyes. After Trump's Friday remarks made it seem like TikTok could disappear within a day, TikTok users quickly reacted on the app, with many eulogizing TikTok with memes and threatening to go to White House to fight the president themselves. With Microsoft emerging as TikTok's potential savior in the United States, some TikTok users are celebrating — and jokingly worshiping the company and its co-founder Bill Gates. Gates stepped down from the boards of both Microsoft and Berkshire Hathaway in March to focus on philanthropy and has not worked full-time at Microsoft since he left his position as CEO in 2008. @charlesthegr8 ##sponsored I might have to cop that new ##xbox now ##microsoft ##fyp ##foryou ##funny ♬ Cousin Stizz – Perfect Ft. City Girls - jgonz860 @prettyboykope This better blow up bruh😂😂 ##tiktok ##microsoft ##banned ##foryou ##foryoupage ##4u ##4upage ##blowthisup ##foryouu ##viral ##viralvideo ##tiktok ##tiktokban ♬ Famous (I'm the One) - Mozzy & IAMSU! @calvynjustus # ##duet with @kalesalad ##microsoft ##trump ##tiktokban ♬ original sound - kalesalad @passthejuulz can someone tell me if trump can actually ban it please help ##justamericanthings ##pleasedontbantiktok ##microsoft ##memes ♬ Ashes - Stellar  TikTok users also adopted meme formats and popular TikTok sounds, including a dramatic fight format that draws upon the soundtrack from "JoJo's Bizarre Adventure: Golden Wind," to meme-ify the potential acquisition. @electroniccrafter I really hope it’s true. Y’all, PLEASE don’t let this flop! ##UmbrellaChallenge ##MiPan ##InMyAEJeans ##ChiliDogYum ##microsoft ##goodbyetiktok ♬ original sound - your.username.here @naw_sir WE ARE BACK BABY! Share copy link to share the news! TikTok is not going anywhere! ##microsoft ##fypシ ##trending ##trump ♬ Im Not Leaving!(Skit) - WesDawg  Many took the potential acquisition as a way to clown on the president himself, something that TikTok users are known for after many of its users took credit for low attendance at Trump's Tulsa campaign rally in June.  @ali3ngazer Thanks Gates! ##Tiktok ##trump ##microsoft ##billgates ##usa ##helpme ##fyp ♬ оригинальный звук - vladveid13 @mathew_duclos Microsoft saved TikTok ##microsoft ##tiktoksaved ##hype ♬ original sound - ratchettrat @ausstihoe Day in the life of Donald ##comedy ##funny ##donaldtrump ##donald ##microsoft ##savetiktok ##ausstiho ##miniskit ##twooptions ##twochoices ##skit ♬ Backyard Boy - Claire Rosinkranz Others played upon the longstanding division between PlayStation, which is owned by Sony, and Xbox, which is owned by Microsoft. Some joked about trashing their PlayStation content or buying their first Xbox if the deal pulled through. @patrickgilchrist A message for Bill. ##fyp ##microsoft ♬ original sound - patrickgilchrist @kordey40 ##greenscreen ##xbox360 ##xbox ##ps4 ##ps5 ##microsoft ♬ original sound - nuhchez @myster1x Since Microsoft bought tiktok 😭😭😂 ##Microsoft ##tiktok ##CloudBread ##SummerDIY ♬ original sound - myster1x While there's been plenty of fear and bluster about the future of TikTok in the United States over the course of the past month, TikTok itself has insisted that it isn't "planning on going anywhere." Read more:TikTok is at the heart of a wild geopolitical dogfight and it could result in Microsoft buying TikTok. Here's what's going on.TikTok teens are making memes saying they'll show up at the White House to confront Trump over app banTikTok creators are worried about losing their followings as the Trump administration considers banning the appTrump might ban TikTok — here's what experts who pored through its code and privacy policies say about its security Sign up for notifications from Insider! Stay up to date with what you want to know. Subscribe to push notifications Read next NOW WATCH: 6 reasons Snapchat is losing its popularity TikTok TikTok ban TikTok teenagers More... 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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Email Zip From To Email Sent! You have successfully emailed the post. ATTENTION, TIM COOK: Here's Apple's Startup Shopping List Kevin Smith and Owen Thomas | Dec. 11, 2012, 6:19 PM | 53,443 | 11 Email More Share on Tumblr Tweet Email Share on Tumblr APApple's Tim Cook  Even after dropping billions of dollars on shareholders and investing heavily in its supply chain, Apple has more than $120 billion in the bank. So it can easily afford a little startup shopping spree. We've noticed a trend in apps we've reviewed recently: More often than not, they fix basic flaws in the iPhone's software, or fill in the gaps in Apple's deficient Web services. When Tim Cook reorganized Apple's top management in October, he talked about the need to have the company's hardware, software, and services work seamlessly together. Easier said than done: Apple has long been a hotbed of hardware-design talent. In software, it's a mixed bag, nailing some aspects of the user experience and botching others. And in services? We'll just say "Siri" and "Apple Maps" and leave it at that. It's not enough for Cook to reshuffle Apple's leadership. He needs to build up the company's talent base. Great developers like to work with other great developers, and Apple, for all its strengths, hasn't had the critical mass of talent in Web-based services and software that it needs. Cook doesn't have to look far, though: Apple's own App Store is a daily talent show for developers. He only needs to click "Buy" and persuade them to join the mother ship. Because he doesn't really need their products, as much as their keen eyes for the flaws in Apple's offerings and their knack for coming up with the right fix. Click here to see the app makers we think Apple should acquire right away > Click here to see the app makers we think Apple should acquire right away > View As One Page Recommended For You Please follow SAI on Twitter and Facebook. Follow Kevin Smith on Twitter. 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Business Insider staff Contributing author on Dec 12, 10:32 AM said: Please, please, PLEASE e-mail this to Apple, the execs, and Tim Cook! This list is fantastic, and you've done a great job at convincing me about how it could really improve the already existing features! Imagine if the iOS team integrated even 2-4 of these suggestions by the time iOS 7 is launched, just how much better it would be! I really hope the executives at Apple read this. The Water Cooler Insiders 2   All Comments 11   Apply To Be An "Insider" » Loading Apply To Be An "Insider" » ATTENTION, TIM COOK: Here's Apple's Startup Shopping List ATTENTION, TIM COOK: Here's Apple's Startup Shopping List These developers are who you need to take the company to the next level. 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, ! 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Salesforce Cuts 200 Jobs From Marketing Cloud Thanks To ExactTarget Acquisition - Business Insider Enterprise BI Intelligence Events Trending Tech Finance Politics Strategy Life Sports Video All × From To You have successfully emailed the post. × Salesforce Cuts 200 Jobs From Marketing Cloud Thanks To ExactTarget Acquisition Julie Bort Sep. 4, 2013, 2:59 PM 5,146 facebook linkedin twitter email print Salesforce.com CEO Marc Benioff Business Insider/Julie Bort Salesforce confirmed last week that it eliminated 200 jobs from its Marketing Cloud unit, blaming the cuts on overlapping roles thanks to its $2.5 billion acquisition of ExactTarget this summer. "Combining ExactTarget with our existing marketing cloud is providing greater level of synergies. And as a result, we are reducing our total headcount by approximately 200 people," CFO Graham Smith told analysts during its quarterly conference call, after CBC News in Canada broke the news. About one-third of those jobs will be cut in Canada, Salesforce also told CBC. Could there be even more cuts? We'll see. The company's profit margins were hit hard by the ExactTarget acquisition and Salesforce's 9-year, estimated $300 million deal with Oracle, Smith said during the conference call. Salesforce is looking for more "synergies in cost savings" to make up for that, he said. Overall, Salesforce added 1,900 new employees in the quarter from ExactTarget and its total headcount is now at more than 12,500 people. Benioff has also put ExactTarget's CEO, Scott Dorsey, in charge of Marketing Cloud. This is the unit formed by combining acquisitions Buddy Media, Radian6 and ExactTarget. SEE ALSO: The Business App 50: The Best Apps To Help You Do Your Job More: Software As A Service Salesforce.com Layoffs Enterprise 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 Salesforce Cuts 200 Jobs From Marketing Cloud Thanks To ExactTarget Acquisition Salesforce Cuts 200 Jobs From Marketing Cloud Thanks To ExactTarget Acquisition "Synergies"! 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 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 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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Seamless acquires MenuPages - 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. Food Ordering Company Seamless Acquires MenuPages And Its Database of 35,000 Restaurants Alyson Shontell Sep. 26, 2011, 10:00 AM 4,218 1 facebook linkedin twitter email print See Also Cops are freaking out about a new type of marijuana — users say it just gets you really high Here's what Russia will be up against if it decides to mess with Turkey Larry Ellison temporarily closed nearly all of the hotels on his Hawaiian island — and the unemployment rate doubled Seamless, the food ordering site that recently rebranded from Seamless Web, has acquired MenuPages. BetaBeat estimates the acquisition price was $15 million. MenuPages is a restaurant database with more than 175,000 user-written reviews and 35,000 menus.  The acquisition marks Seamless' expansion from a food-ordering site to a complete restaurant resource. Now it will have user-generated content, more accurate menus, and better quality reviews. In addition to gaining MenuPage's database, Seamless will acquire its mobile audience. Mobile has been a major growth area for Seamless, which has seen a tremendous spike in completed orders due to mobile traffic and almost half a million app downloads. Combined, MenuPages and Seamless will have nearly 900,000 mobile users and access to more than 50 cities worldwide. Click here for more on the Seamless' new mission.   More: MenuPages Seamless 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 Food Ordering Company Seamless Acquires MenuPages And Its Database of 35,000 Restaurants Food Ordering Company Seamless Acquires MenuPages And Its Database of 35,000 Restaurants For an estimated $15 million. 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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Healthcare Company Cleo Acquires CareTribe to Push Into Eldercare 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. Healthcare Cleo is stepping into the $279 billion eldercare market. We got an exclusive look at its acquisition of a startup that coaches caregivers. Samantha Stokes 2022-05-05T15:00:00Z 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 Sarahjane Sacchetti, the CEO of Cleo. Cleo This story is available exclusively to Insider subscribers. Become an Insider and start reading now. Cleo is entering the $279 billion eldercare market with the acquisition of CareTribe. Cleo, a family-benefits startup, has focused on supporting caregivers of young kids. Its CEO, Sarahjane Sacchetti, told Insider about the company's push into eldercare. Cleo, a family-benefits startup, is moving into the $279 billion eldercare market with the acquisition of CareTribe, Insider has learned.Cleo, a San Francisco startup that was founded in 2016 and is backed by NEA, Greylock Partners, and Transformation Capital, has focused on supporting caregivers of babies and young kids. Its CEO, Sarahjane Sacchetti, told Insider that by acquiring CareTribe, Cleo could begin offering eldercare support for the millions of "sandwich" caregivers in the US."Adult care kept coming up to us from clients but also members," she said. "Cleo Kids is our biggest membership base now, and those caregivers are the ones who are also planning to support an adult, parent, or chronically ill spouse — or are already doing it."Cleo works with large employers to provide guidance and advice to families. Employees are paired with a Cleo Guide to help with mental-health support, career coaching, parenting advice, and navigating family health.While Cleo was founded to support parents of newborns, the platform has expanded to include caregivers of kids. The startup also plans to launch a product later this year to support caregivers of teens."Members graduated the Cleo Baby program and didn't have service anymore. This happened in year two of Cleo, where you had graduates going to their employer and asking to pay out of pocket to keep their Cleo Guide," Sacchetti said. "This doesn't end, and there are so many failure points on the career side, from childcare to leave, that continues through the childhood age. Some even become harder, if a child has a pediatric acute issue."Cleo says 125 employers in 60 countries, including Pinterest and PepsiCo, offer it as a benefit. It says the number of members has more than doubled annually for the past three years, to 1.3 million.The startup has raised $80 million to date, half of that in a Series C funding round in March 2021 that was led by Transformation Capital.Sacchetti said that expanding into adult care and eldercare makes Cleo a one-stop support shop for caregivers and that the acquisition route makes sense to roll out a highly demanded service quickly."You might not be surprised that clients have been asking us for this support for a while, and we plan to offer the service this year," she said. "That really drew us to CareTribe: They're at a stage where their product and strategy is really sophisticated. No acquisition is simple, but they're at a good size and scale that we think the process will be really seamless."The terms of the deal were not disclosed. CareTribe's employees are set to join Cleo this month, though the startup does not have a date for when it will begin offering eldercare services. CareTribe had been self-funded.Cleo isn't the only healthcare startup moving into caregiver coaching and support. BetterUp, a virtual-coaching unicorn, also recently expanded into offering tailored mental-health support for caregivers. Maven, another healthcare unicorn, also provides coaching and services to parents of young children.Sacchetti added that while there are other caregiver-support programs on the market, Cleo and CareTribe are different because they focus on the well-being of the caregivers themselves, not just who's being cared for. A survey from 2017 suggested that 73% of employees had some type of caregiving responsibility. In surveys from the Centers for Disease Control and Prevention in late 2020 and early 2021, 70% of caregivers reported symptoms such as anxiety, depression , trauma, stress-related disorders, or suicidal thoughts."The missing piece is focusing on the caregiver and health of them as well — it's not just getting you to childcare or through a healthy pregnancy, but it's also about supporting the caregiver," she said. "It's my hope and prediction that five years from now, employers will be offering family support like this as the standard. When it comes to creating safety, accessibility, and inclusion in the workplace, that should go towards all families, not just those starting a family. I think that's going to become more commonplace." 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? 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Zip Acquires Payflex South Africa-Based BNPL Startup 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. Finance Zip seeks out growth opportunities in Africa with Payflex acquisition Adriana Nunez 2021-09-02T14:42:00Z 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 Zip has acquired South Africa-based BNPL startup Payflex. Africa remains largely untapped by global BNPL players—the acquisition could catalyze further expansion. Insider Intelligence publishes hundreds of insights, charts, and forecasts on the Payments & Commerce industry. Learn more about becoming a client. Get a daily newsletter packed with financial services data, insights, and analysis from the Insider Intelligence team. Sign up for the II Daily. Loading Something is loading. Email address By clicking ‘Sign up’, you agree to be contacted by Insider Inc. and receive emails from Insider Intelligence and eMarketer (e.g. FYIs, partner content, webinars, and other offers) and accept our Terms of Service and Privacy Policy. You can opt-out at any time. Buy now, pay later (BNPL) provider Zip acquired South Africa-based BNPL startup Payflex in a deal with undisclosed terms, according to a press release. Payflex, which launched in 2019, has more than 1,000 merchants and roughly 135,000 customers. Insider Intelligence We previously called out Africa as a region that remains largely untapped by global BNPL players—giving Zip plenty of room to grow.As Klarna and other major providers expand their presence in Western markets like the UK and US, Zip is taking advantage of the growth potential and the limited presence of major BNPL players in Africa. The Payflex acquisition also reflects Zip's growth tactic—expanding via acquisitions instead of direct moves into new markets: In May, Zip acquired United Arab Emirates-based BNPL firm Spotii and Czech Republic-based provider Twisto.Zip's Payflex acquisition might be a catalyst for further expansion into Africa.Pockets of unbanked and underbanked communities in South Africa and other African countries could benefit from point of sale (POS) financing like BNPL since these offerings also act as alternative credit solutions. It's also a region that has strong growth potential: In the Middle East and Africa, POS financing solutions accounted for 4.8% of all POS transactions last year, according to The 2021 Global Payments Report by Worldpay from FIS.Working with a local player gives Zip a head start expanding its solution in South Africa and boosting overall volume—in its fiscal 2021 (ended June 30, 2021), Zip's total transaction volume surged 176% year over year (YoY) and hit $5.8 billion. Zip employed a similar tactic when it acquired Quadpay to penetrate the US market last year.Zip could use a successful launch in South Africa as a blueprint for expansion in other African countries, like Nigeria, which has one of the largest economies on the continent. And for Payflex, the acquisition can expand its presence outside of South Africa since Zip has the capital and resources to bring it into other countries.Want to read more stories like this one? 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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 × 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 3,231 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 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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Google's $1.65 Billion Acquisition of YouTube: the Untold Story 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 Email icon An envelope. It indicates the ability to send an email. 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. Tech The untold story of Google's $1.65 billion acquisition of YouTube, from those who lived it Avery Hartmans and Paige Leskin 2020-06-01T17:44:09Z 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 From left: YouTube founders Steve Chen, Chad Hurley, and Jawed Karim; Google cofounder Larry Page, former Google CEO Eric Schmidt, and Google cofounder Sergey Brin. Noah Berger/AP Photo; YouTube; Paul Sakuma/AP Photo; Samantha Lee/Business Insider This story is available exclusively to Insider subscribers. Become an Insider and start reading now. YouTube's sale to Google for $1.65 billion in October 2006 altered the course of Silicon Valley history. In honor of YouTube's 15th anniversary, Business Insider spoke with early employees, investors, and founders about the whirlwind 18 months of YouTube's life as an independent company. That story is impossible to tell completely without delving into the weeks and months leading up to YouTube's landmark sale. From the day YouTube decided to sell to the day the deal was announced was a matter of weeks. In the end, YouTube was hours away from inking a deal with Yahoo before deciding to give Google one last shot at acquiring the company. The sale came at the perfect time for the fledgling startup: YouTube was burning through cash, running out of server space, and weathering litigation threats from record labels. Its staff was working around the clock and its founders were growing increasingly wary of how to sustain the company without some muscle in its corner.This is the inside story of YouTube's sale, including the quiet bidding war, the last-minute deals with some of the largest rights holders in the world, and a late-night meeting in a Denny's parking lot. Visit Business Insider's homepage for more stories.In the early hours of an October day in 2006, David Drummond, Google's general counsel, and Gideon Yu, YouTube's chief financial officer, huddled over the hood of Yu's car, which was parked in a Denny's parking lot in Redwood City, California. As they used the light from their Blackberry phones to read through a sheaf of documents, a police officer pulled up. He briefly blared his siren, casting a bright light on the pair of executives. He demanded to know why they were having a clandestine meeting in a Denny's parking lot at 3 a.m."We're signing a merger agreement, sir," Yu said with his hands in the air. The officer called Yu over to his car. Yu, dressed casually in shorts, a t-shirt, and a backwards baseball cap, walked over and showed the officer the documents, which stated that Google would buy YouTube for $1.65 billion. The officer told them to carry on. Drummond and Yu, still shaking from the experience, signed the papers and went home, their respective companies celebrating for different reasons. Google, for acquiring what would become one of the most valuable parts of its growing empire. YouTube, for gaining some muscle in its corner. The company, only 18 months old at that point, was fending off potentially costly copyright claims and scrambling to support a user base that was growing so quickly, the site's infrastructure was cracking. Though it had already become a global sensation, on the inside, YouTube was stretched nearly to a breaking point. 'We didn't have the resources to keep on fighting'The months leading up to that day had been hectic for YouTube. The small team — led by cofounders Steve Chen, YouTube's chief technology officer, and Chad Hurley, the company's CEO — was struggling to keep up with demand. It was a time before technology like Amazon Web Services existed, and YouTube was burning through server space."It was pretty balls to the wall, I guess you would say. I think we were working seven days a week," Yu Pan, an engineer and YouTube's first employee, told Business Insider. "We were growing like crazy. The number of views was exponential. We were burning hard drives like nobody's business." Gideon Yu, who joined as CFO in September 2006, remembers the team begging everyone they knew for access to server space."There was a time when we reached out to all of our investors and all of our friends and said, 'Hey' — and this email actually went out — 'if you have any servers that you're not using, can we borrow them?'" Yu said. "We literally went around to friends at companies, at their houses, and got every server we could."  YouTube's first headquarters was above Amici's East Coast Pizzeria in San Mateo, California. Katie Canales/Business Insider On top of that, YouTube was scrambling to avoid being seen as another Napster-like company. So much content owned by music labels and movie studios was showing up on YouTube that the employees couldn't take it down fast enough. "The founders did not intend it to be a place for pirated content," according to Roelof Botha, who had worked with the YouTube founders years earlier at PayPal and pushed his firm, Sequoia Capital, to invest in YouTube. "From the get-go, we worked with the legal team and started to build a content moderation team. As soon as you let things like that happen, that drags down the site. If you let that stuff filter through, it will just take over like a cancer."At the time, the litigation threats were a very big risk for YouTube, Botha said. "It made Chad and Steve question whether it was worth soldiering on with the company," he said. "We didn't have the resources to keep on fighting."Zahavah Levine, YouTube's general counsel and VP of business affairs, remembers feeling like YouTube couldn't keep up. The infrastructure demands were too high. The company's bank account was dwindling. Music company executives were demanding hundreds of millions of dollars. Other players were practically banging down YouTube's door trying to form partnerships. "We were doing the best we could," Yu, the CFO, said. "But when you took the confluence of all these factors, it became very difficult to raise money. And look, raising more money, it would mean more money would go right out the door to infrastructure as well as to potential deals with IP owners. So we were stuck in a little bit of a catch-22 there." 3rd Avenue Sports Bar, directly next door to YouTube's first office. Katie Canales/Business Insider One afternoon, the company had a contentious meeting with Universal Music, which was being "very, very aggressive" with YouTube in marking copyright violations of its music, according to Botha. Later that day, Chen and Hurley made their way to the bar next door to the YouTube office, 3rd Avenue Sports Bar, where they would sometimes go at night to have discussions about the company. They had taken a walk around the block in San Mateo and made a decision. At the bar, they told Yu they wanted to sell.The way Yu tells it, both Chen and Hurley were frustrated by the amount of meetings the company was having about copyright infringement, meetings that were becoming increasingly hostile. They told Yu that they had started YouTube to make a good product. This wasn't what they signed up for. The group discussed whether it made sense to look to larger companies for an acquisition, companies who had the resources to negotiate deals and solve infrastructure issues — a company with the "really blunt instrument" of a lot of people and a lot of money, Yu said. After consulting with YouTube's board and its investors, everyone agreed: it was time to move forward with an acquisition.The bidding warYouTube's acquisition took only about three weeks after that night at the sports bar, Yu said.While the bidding war for YouTube was said to involve nearly a half-dozen players, including Microsoft, Viacom, and News Corp., at the end of the day, there were really only two contenders: Yahoo and Google. "The bidding war was actually a very small and tight bidding war," Yu said. "We wanted to keep information flow very tight, minimize the chances of leaks. The minute we got rights holders and other folks involved in that kind of a circus, it could have ended a lot more poorly for YouTube than it ended up ending."Neither Chen nor Hurley came from finance backgrounds, and turned to their investors at Sequoia for advice on how to negotiate the terms of the deal. "We used to have a pizza dinner at my place here, at our house in the dining room. We would all sit around our table, and Roelof Botha was in charge of getting the pizza," Pierre Lamond, a former partner at Sequoia, said. "It was clear to both Yahoo and Google that we had a unique product, that it would be very difficult to compete with. We had the tailwind by then."Yu, who had been Yahoo's treasurer before joining YouTube, said he called his old colleagues and told them they had a chance to buy YouTube. But if Yahoo was interested, it needed to set up a meeting right away. What followed sounds like Silicon Valley lore, but it's been well-documented: Because the YouTube founders had become so famous in Silicon Valley, they had to pick a meeting place no one would notice. They chose a Denny's in Redwood City, a 14-minute drive from YouTube's offices.On the first day, Hurley and Chen met Google's Larry Page and Eric Schmidt there. The next, executives from Yahoo. (Chen told journalist Sarah Lacy at TechCrunch Disrupt in 2011 that he ordered the mozzarella sticks.)  The Denny's in Redwood City, California. Katie Canales/Business Insider Soon, Google made an offer. It was, according to Yu, too low. Meanwhile, YouTube had been working on deals of its own with the music labels in hopes of avoiding costly copyright lawsuits. In September 2006, Levine and Chris Maxcy — one of the earliest YouTube employees in charge of business development for the site — closed a deal with Warner Music. Levine described it as a "landmark, first-of-kind" deal, one that would enable YouTube to host user-generated videos that contained music owned by Warner for a share of the ad revenue. At the time, Levine and Maxcy were negotiating three more deals with big rights holders as quickly as possible. On the day YouTube announced its acquisition, it also announced three separate deals: one with CBS, which would allow YouTube to broadcast CBS programs; the other two were with music labels, Universal Music Group and the predecessor to Sony Music, allowing YouTube to air their music videos. "We were negotiating the acquisition prices between Yahoo and Google simultaneously with those rights deals, and we were saying to Yahoo and Google, 'Look, just assume that we're going to get those deals done and let's negotiate accordingly,'" Yu said. Levine said she essentially moved into the law firm they were working with at the time."I lived in San Francisco, but I couldn't even afford the time to go back and forth between Palo Alto and San Francisco," Levine said. "I took a hotel room right next to the law firm where I slept an hour or two a night."As if there weren't already enough moving parts, YouTube had outgrown its San Mateo office and was planning a move to San Bruno. Sequoia's Lamond had used his connections with higher-ups at The Gap to get them to lease their old headquarters to YouTube.The plans to move to the new office had been in place for months, well before YouTube had decided to sell, but the timing made things complicated for Levine, who was still negotiating the licensing deals along with Maxcy. "We were in the office at like, 2 o'clock in the morning on a Saturday night, hammering out these deals, and the movers were there packing everything up," Levine said. "I remember being on a call with Sony Music and suddenly the call was disconnected and the movers had pulled the plug of some piece of hardware that was related to our phone system and our printer. We were saying, 'No! Stop! It's OK! Do not disconnect these phones, do not disconnect our printer!'"One last chance for Google The Denny's parking lot in Redwood City, California. Katie Canales/Business Insider By early October, YouTube was close to signing a deal — but not with Google. YouTube had a meeting on the books with Yahoo for a full day of due diligence, and the plan was to sign a term sheet for an acquisition at the end of the day, according to Yu. The day before, they decided to give Google one last chance. "We put Yahoo on the 'back-burner' while we pushed Google for a higher price," Lamond said.Yu said he got approval from Hurley and Chen to give Google a price."I said, 'If you hit this price, we will cancel our meeting with Yahoo,'" Yu said.The YouTube team proposed $1.65 billion: a number purposefully 10% more than what eBay paid for PayPal in 2002, according to Botha. PayPal's alumni network, which included Peter Thiel, Elon Musk, and Reid Hoffman, in addition to the YouTube founders and Botha, had a "healthy competition," Botha said.Google agreed to the price, and YouTube said it was ready to do the deal. But the plan was still to meet with Yahoo the next morning — if this deal was going to happen, it needed to happen right away so YouTube didn't cancel with Yahoo and leave itself high and dry. Drummond and Yu would need to work all night and into the morning to get it done. That's how they found themselves, in the middle of the night, back at Denny's — a 14-minute drive from YouTube and a 12-minute drive from the Googleplex — signing the papers on the hood of Yu's car. "I went back and I showed the papers to Chad, to Steve, and then we called Yahoo and canceled the meeting," Yu said. "And that's how it happened."Yahoo declined to comment on its involvement in YouTube's sale. 'It was all on adrenaline' YouTube's second headquarters in San Bruno, California. Katie Canales/Business Insider From the day the term sheet was signed to the day the deal was announced was a matter of days — Chen estimates it was five, Levine and Yu both pegged it at about a week. Either way, the turnaround was quick. "By that time, it was all on adrenaline," Chen said. "We had signed the deal, it was down at the legal offices. I remember then driving at something like 100, 110 miles per hour to San Bruno and walking into the office for the first time and making the announcement for the team."There was no big, flashy announcement, no fanfare — Larry Page, Sergey Brin, and Eric Schmidt showed up at the new San Bruno office to announce the acquisition with Hurley and Chen.Jamie Byrne, who joined YouTube in June 2006 as director of ad sales and is still at the company as senior director of creator partnerships, described it as "this completely surreal, shocking moment.""I think what made it even more poignant for many of us was that the competition for YouTube at the time was Google Video," Byrne said. "There was a lot of excitement around the fact that we now had this incredible benefit of the infrastructure and the support that Google was going to be able to provide us, but also a sense of pride that we went up against the biggest possible player in the space and we actually were very successful in what we were doing."While some YouTube employees were in-the-know about the acquisition, others, like Misty Ewing-Davis, a content moderator, weren't clued in. The employees expected that Monday would be consumed by the office move, not a life-changing acquisition. Many of the employees were dressed in what Ewing-Davis described as "grubby clothes," since the team was planning to spend the day figuring out the new seating plan and assembling desks. The team ended up walking across the parking lot to a since-demolished TGI Fridays and had a few drinks to celebrate."I'm sure if anybody has photos from that day, we all just look like slobs," Ewing-Davis said. "Nobody expected that." Byrne remembers the team writing and recording a short video that Hurley and Chen ended up filming outside in the parking lot that day, the red and white striped awning of TGI Fridays visible in the background. In the video, a clearly giddy Hurley and Chen, dressed in blazers, announced the sale and thanked the community of creators. "We're going to stay committed to developing the best service for you, developing the most innovative service and tools and technologies so you can keep having fun on our site," Hurley said. A 'pretty big step up'Life remained mostly unchanged for the YouTube crew after the acquisition was completed in November. YouTube was — and remains to this day — in a separate office in San Bruno. Chen left YouTube for Google in 2009, and moved on from the company two years later. Hurley stayed on as CEO until 2010, when Google's Salar Kamangar took over. Chen says he and Hurley had "already been talking about doing something else together," and they partnered up in 2011 to launch an internet company called AVOS Systems. Most of the early YouTube employees noticed only minor changes to their life, especially at first. Google added its mini convenience-stores to YouTube's office, where employees could access as many free packs of gum and soft drinks as they wanted. Yu Pan, YouTube's employee No. 1, noticed that the company parties got better. The day after the acquisition was announced, the staff got to have a catered lunch of Subway sandwiches, according to Gideon Yu. "We were snacking on Cup of Noodles and stuff at the old office," he said. "Pretty big step up."  YouTube's current headquarters in San Bruno, California. Katie Canales/Business Insider But Google had promised to let YouTube keep doing what it was doing, to stay hands-off and let it grow, and to keep fostering the community of creators YouTube had built. It kept that promise. "You always hear these nightmare stories of integrated companies, but that wasn't the case for us," said Kevin Donahue, YouTube's vice president of content at the time.Even under the new ownership of a tech giant, Chen and Hurley had control. They shared an office, from which they delegated tasks to newfound hoards of employees that came from Google. As long as they could deliver the promised traffic demonstrating YouTube's monumental growth, they had say over the decision-making, Chen said.The biggest concern to the team was presenting YouTube and Google Video as a united front going forward. "It was like shaking hands with our biggest enemy and now we were being forced to be allies," Chen said. "It sounds awkward at first, but it was just the Google Video and YouTube teams being merged together."Eventually, as is the case with nearly every startup that is able to grow or become acquired, the dynamic shifted. YouTube started to feel less like a small, close-knit family and more like what it eventually became: a multi-billion-dollar business housed inside one of the biggest companies on the planet. Botha, the Sequoia partner who served on YouTube's board, remembers walking into YouTube's office days after the deal was announced. After a year of getting to know everyone on a first-name basis, he says he was stunned to see new faces staring back at him."I walk in, and they had replaced everybody. They had a new front desk person, " Botha said. "I felt like a complete outsider, I was so taken aback. It was clear at that point: It was Google's company."Now read:'We had no idea how to do it': YouTube's founders, investors, and first employees tell the chaotic inside story of how it rose from failed dating site to $1.65 billion video behemothTake a look at the history-making pitch deck YouTube used to secure its first $11.5 million from Sequoia Capital in 2005, and the investor memo that convinced the firm of the platform's potential7 early YouTubers reveal the moments they knew they made it big 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: 'We had no idea how to do it': YouTube's founders, investors, and first employees tell the chaotic inside story of how it rose from failed dating site to $1.65 billion video behemoth NOW WATCH: How to reach millennials now that they don't watch much TV anymore More: YouTube Google Anniversary Tech BI Graphics Samantha Lee Steve Chen Chad Hurley Jawed Karim Sergey Brin Larry Page YouTube at 15 Eric Schmidt CB Recommended 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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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. AOL To Fire Some People Following The HuffPo Acquisition Nicholas Carlson | Feb. 7, 2011, 5:56 PM | 1,988 | 5 Email More Share on Tumblr Tweet Email Share on Tumblr   In a filing with the SEC today regarding its $315 million Huffington Post acquisition, AOL announced that it expects "restructuring charges" due to "cost overlap" to total $20 million in 2011. Translation:  the company is planning to fire some people at AOL or HuffPo because their jobs are being made redundant, and AOL expects their severance packages should total around $20 million. This layoff won't be a big one. When AOL cut ~1,400 people in early 2010, the restructuring charge was $150 million. Related: THE AOL WAY >> Recommended For You Please follow SAI on Twitter and Facebook. Follow Nicholas Carlson on Twitter. 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Nikola Lays Off 15% of Romeo Power Workers in 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 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. Transportation Electric-truck maker Nikola lays off 15% of Romeo Power's workforce in post-$144 million acquisition restructuring Alexa St. John 2022-10-27T21:16:12Z 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 As part of Nikola's $144 million purchase of Romeo Power, 45 Romeo Power employees have been laid off. Nikola This story is available exclusively to Insider subscribers. Become an Insider and start reading now. The electric-truck startup Nikola recently bought the battery firm Romeo Power for $144 million. Fifteen percent of Romeo Power's workforce was laid off as part of the acquisition. Those let go included nine executives in what Nikola called "duplicative roles." Just weeks after completing its $144 million acquisition of Romeo Power, Nikola Corp. laid off 45 employees of the young battery firm, the company confirmed to Insider.Nikola, the Phoenix-based firm founded in 2015, is developing both electric trucks and hydrogen-fuel-cell-powered trucks and has grown to around 1,400 employees. Romeo Power, based in Cypress, California, is a fledgling battery-pack maker that went public via SPAC in December 2020.In the weeks before the Nikola deal closed, Romeo Power directed 68 employees to take a weeklong furlough as a cash-savings measure, Nikola CFO Kim Brady told Insider. The employees were in nonmanufacturing roles, such as research and development.Employees either took the time or left the company, sources with direct knowledge told Insider.The Romeo employees whom Nikola later let go — 15% of salaried workers — included nine corporate executives serving in what Brady called "duplicative roles." Others were in accounting, marketing, sales, human resources, manufacturing, and engineering, Brady said.The rest of Romeo's 300-person salaried workforce was integrated into Nikola."We are always looking for efficiency and improvements," Brady said. "We are going to optimize our lines and manufacturing, and there may be some natural attrition that happens regularly or there may be some layoffs, but that's something that we will evaluate as we continue to integrate. That would not be any different than any other business.""One of the things that Romeo struggled with was execution when it came to manufacturing," he added. "So there are no surprises there."Founded in 2016 by former Tesla and SpaceX engineers, Romeo makes batteries and battery-management systems, and it counted Nikola as one of its biggest customers.Nikola framed the acquisition as a move toward vertical integration, as more and more automakers are bringing partners or technologies in-house to shore up their electric-vehicle efforts. The deal is also meant to bolster its battery security, as Romeo has struggled to stay financially viable and had only $67 million in cash and $11.6 million of revenue as of the end of the first quarter."If Romeo fails, so does Nikola," said a former higher-up who left the company voluntarily in the time between the news and the sale. "That's why they made this purchase in the first place."Nikola is racing to deliver 300 to 500 production Tre battery-electric trucks this year.Nikola has been embroiled in controversy surrounding the trial of Trevor Milton, its founder and former CEO. Milton was recently convicted of three counts of criminal fraud after deceiving investors about the startup's development progress in its early days.The firm has been trying to turn a new leaf under the leadership of CEO Mark Russell, who is now expected to retire at the start of 2023, with Nikola's president, Michael Lohscheller, expected to take over.Are you a current or former Nikola or Romeo Power employee? Do you have a news tip or opinion you'd like to share? Contact this reporter at astjohn@insider.com from a nonwork device. 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 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: Transportation Nikola Motors More... 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Mergers And Acquisitions Are Down 21 Percent This Year http://www.businessinsider.com/mergers-and-acquisitions-are-down-21-percent-this-year-2012-7/comments en-us Wed, 31 Dec 1969 19:00:00 -0500 Fri, 06 May 2016 00:31:38 -0400 Ben Duronio http://www.businessinsider.com/c/4ff1e797ecad04c745000003 Andrew Hall Mon, 02 Jul 2012 14:25:27 -0400 http://www.businessinsider.com/c/4ff1e797ecad04c745000003 GOOD. Mergers have become the bane of business. Mash two companies together, then integrate nothing and send all the profits to the top - there's no help for the economy there.

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J20 Trial Verdict: Jury Acquits First 6 Inauguration Day Protesters 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. Politics First 6 defendants cleared of all charges in anti-Trump Inauguration Day protests that turned violent Michelle Mark 2017-12-21T18:35:43Z 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 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 Police and demonstrators clash in downtown Washington after a limo was set on fire following the inauguration of President Donald Trump on January 20, 2017 in Washington, DC. Washington and the entire world have watched the transfer of the United States presidency from Barack Obama to Donald Trump, the 45th president. Getty Images/Spencer Platt Redeem now A jury acquitted six defendants on Thursday over their roles in violent protests that erupted on Inauguration Day.The defendants argued that they had not participated in any violence, while prosecutors said they were guilty of destroying property and engaging in a riot because they were aware of violent intentions of others.The defendants were the first group to stand trial of the dozens of other protesters arrested the same day. Six defendants who stood trial over their roles in an Inauguration Day protest in Washington, DC, that turned violent were cleared by a jury of all charges on Thursday.Each of the defendants had been charged with destruction of property — a felony — and engaging in a riot and conspiring to riot. The verdict came after a nearly four-week trial.The defendants — Jennifer Armento, Oliver Harris, Brittne Lawson, Michelle Macchio, Christina Simmons, and Alexei Wood — had been part of a larger group encircled by police and arrested after the protests turned destructive. Prosecutors argued that they were among the protesters that smashed windows of businesses and set a limousine on fire, causing damages that totaled $100,000.Defense attorneys, however, argued that the defendants had not participated in or supported the violence, and the First Amendment protected their rights to participate in the protest despite the violent actions of some. Thursday's verdict handed down a sweeping victory to protesters and journalists and boded well for the remaining 166 people — known as "J20 protesters" who were arrested during the Inauguration Day protests on January 20 and scheduled for trials throughout 2018.Defendants on Thursday reacted with relief, smiles, and in some cases tears as the verdicts were read."[The verdict] shows the country that the jury was unwilling to do what the government wanted them to do, which was criminalizing dissent," Armento told The Washington Post.Wood reportedly covered his face, sat down, and sobbed as the jury foreman read the not guilty verdicts. It's unclear whether the government will pursue the remaining cases after Thursday's verdict, but in a statement from the US Attorney for the District of Columbia, prosecutors indicated that they're considering it."We appreciate the jury's close examination of the individual conduct and intent of each defendant during this trial and respect its verdict," the statement said. "In the remaining pending cases, we look forward to the same rigorous review for each defendant."Press freedom advocates had watched the trial closely, as Wood had attended the protest as a freelance photojournalist. Two of the women also attended as "street medics" and had brought with them medical supplies such as gauze.Prosecutors had not provided any evidence during the trial that any individual defendant was guilty of destroying property. Instead, they made the broader case that all protesters were aware of the violent intentions of other participants. 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! 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. NOW WATCH: This video shows a crowd of anti-maskers 'invading' a Target in Fort Lauderdale, yelling 'take your masks off' and 'we're not going to take it anymore' inauguration day Protesters Verdict More... 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 © 2023 Insider Inc. All rights reserved. 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How Robinhood Declined Paid Marketing and Customer-Acquisition Costs 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 How Robinhood reduced paid marketing expenses by 14% and its average customer-acquisition cost by more than 60%, according to its S-1 filing Tanya Dua 2021-07-06T01:49:55Z 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 Vladimir Tenev, a cofounder and co-CEO of Robinhood, in 2016. Noam Galai/Getty Images for TechCrunch This story is available exclusively to Insider subscribers. Become an Insider and start reading now. Redeem now Robinhood has relied on word-of-mouth marketing and its referral program to grow its user base. The company has grown its user base even while lowering its average customer-acquisition cost. The Robinhood Referral Program has proved to be a key marketing driver for the company. Robinhood has taken an unconventional route in terms of not only how it lets people trade but also compared with the way companies typically tend to market themselves ahead of going public.While companies like Peloton and Uber amped up their paid marketing spends on their way to going public, the popular retail-investing app's digital and paid marketing expenses actually declined 14% year-over-year to $77.7 million in 2020 from $90.3 million in 2019, according to its S-1 filed last week.The company has instead relied on word-of-mouth marketing to grow its user base, pumping most of its marketing dollars into its referral program leading up to filing to go public.The Robinhood Referral Program awards both existing users and the new users they refer with a stock reward. This has proved to be a reliable vehicle for Robinhood to grow its customer base because it generally has lower direct expense rates compared with other marketing methods, the company said in the filing.Eighty percent of new people who joined Robinhood in the three months that ended March 31 joined either organically or through its referral program, according to its S-1 filing.Further, the company also said it reduced its revenue payback period, or the time it takes for new customers to become profitable, with the total revenue they generate equaling or exceeding the marketing expenses incurred to acquire them.According to its filing, Robinhood's average revenue payback period improved from 12 months in 2019 to less than five months in the 2020 fiscal year. It attributed this to more efficient marketing, including changing up the criteria of its referral program to award shares to people when they linked their bank accounts, as opposed to giving them the shares when their accounts were approved.The company also said it made its paid customer-acquisition channels more effective, without giving more details, reducing the average cost to acquire a new customer by more than 60%, to $20 in fiscal 2020 from $53 in fiscal 2019.That's not to say the company has pulled back on its marketing spend.To be sure, Robinhood's overall marketing spend increased, with the company spending $185.7 million in 2020, up 49% from $124.6 million in 2019 — and $32.3 million in the three months that ended March 31, up 46% compared with the year prior.Overall, Robinhood has also benefited from the coronavirus pandemic, with analysts saying lockdowns and government stimulus checks have helped it attract legions of new users over the past year. That surge has continued with the frenzied trading around so-called meme stocks in 2021, even as it faces regulatory risk and its brand equity was threatened in January amid the short squeeze in GameStop. Check out: Personal Finance Insider's review of Robinhood. 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: The CMO of $30 billion financial giant State Street says to be successful, you have to be the CEO of your own brand Robinhood S-1 filing 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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Berkshire Hathaway Spent About $4 Billion Acquiring Stocks Since February As New Portfolio Manager Todd Combs Added ... 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. Finance Berkshire Hathaway spent about $4 billion acquiring stocks since February as new portfolio manager Todd Combs added ... Katya Wachtel 2011-07-08T17:43:42Z 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 Berkshire Hathaway spent about $4 billion acquiring stocks since February as new portfolio manager Todd Combs added two holdings. 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 to get the latest stories in hedge funds, PE, fintech, and banking — 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. Follow us on: * Copyright © 2023 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 Masthead Sitemap Disclaimer Accessibility Commerce Policy Advertising Policies CA Privacy Rights Coupons Made in NYC Jobs @ Insider Stock quotes by finanzen.net Reprints & Permissions Your Privacy Choices 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

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Hearst Eyed Videogame Blog Kotaku For Acquisition - 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. Hearst Eyed Videogame Blog Kotaku For Acquisition Nicholas Carlson Nov. 13, 2009, 7:00 AM 989 3 facebook linkedin twitter email print Hearst wants to spend some of its billion dollar war chest gaining a foothold in digital media. What kind of property is it looking to buy? Don't know. But a source tells us that a banker working on Hearst's behest tried to tempt the company into acquiring Gawker Media videogame blog Kotaku. The deal fell through, probably because Kotaku is Gawker's second-most popular blog. To get Kotaku or Gizmodo -- a pair of cash cows because of all the gadget and videogame advertisers out there -- you'd probably have to buy the entire Gawker Media network. But make no mistake, Hearst IS shopping. See 10 media properties Hearst could buy tomorrow --> Photo: Digiart2001 | jason.kuffer More: Media Online Hearst Publishing Startups 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 Hearst Eyed Videogame Blog Kotaku For Acquisition Hearst Eyed Videogame Blog Kotaku For Acquisition Hearst wants to spend some of its billion war chest gaining a foothold in digital media. 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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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 Continue to Business Insider » You will be redirected in seconds. × 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 2,050 3 facebook linkedin twitter email print David Lawee is Google's top M&A guy. See Also 2 anecdotes perfectly explain why it's so hard for Google to build products for billions of people A 12-year-old beat out 16,000 other people to win a Google contest — 7 years later, she’s a successful artist Google gets 2.2 million piracy takedown requests every day 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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Blackstone-Backed Disney Vets' Firm in Talks to Buy NFT Startup Notables 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 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. Media Kevin Mayer and Tom Staggs' Blackstone-backed Candle Media is in talks to acquire NFT company Notables, pointing to Web3 content ambitions Elaine Low and Natalie Jarvey 2022-05-04T22:38:32Z 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 Kevin Mayer founded Candle Media with Tom Staggs in 2021. Jesse Grant/Getty Images for Disney This story is available exclusively to Insider subscribers. Become an Insider and start reading now. Redeem now Blackstone-backed company Candle Media is in talks to acquire NFT startup Notables. Candle's Kevin Mayer and Tom Staggs are on the board at Forest Road, which incubated Notables. Notables has done NFT drops with stars like Shaquille O'Neal and has close ties with top Hollywood agencies. Candle Media, the Blackstone-backed company founded by former Disney execs Kevin Mayer and Tom Staggs, is in talks to acquire NFT startup Notables, three sources familiar with the deal told Insider.Notables bills itself as a highly curated marketplace for NFTs (non-fungible tokens) that "prioritizes quality over quantity," and counts major Hollywood talent agencies CAA, UTA, and WME as advisors.A Blackstone spokesman declined to comment. A representative for Notables could not be reached for comment.If a deal comes together, it would be Candle's first acquisition in the Web3 space, following deals for Reese Witherspoon's Hello Sunshine production company, kids media company Moonbug Entertainment, and "Fauda" producer Faraway Road Productions. Candle also acquired a minority stake in Will Smith's Westbrook Inc. earlier this year. Such a deal would also offer a sign of how Mayer and Staggs — both former Disney executives who left the media conglomerate after it became clear that they were not in line to succeed ex-CEO Bob Iger — plan to build Candle into a consumer-facing media company that is more than the sum of its parts. Bringing NFT creation and sales capabilities in house via Notables, for example, would give Candle the ability to develop virtual collectibles based on the IP created through its production arms. Work on Notables began in 2020 via Forest Road Co, an investment firm that counts Mayer and Staggs as board members. The company formally launched last year, according to Variety, with support from the Hollywood agencies as well as a group of media, tech, and finance executives, including Spotify global head of creative artist partnerships Ashley Graver, Reservoir Media Management CEO Golnar Khosrowshahi, and UTA head of Web3 Lesley Silverman.According to Notables' website, "Our commitment to the world of premium content means that every item is considered, curated, and contextualized with our in-house team of tech and culture experts." Its current live drop comes from jeweler-actor-musician Ben Yang, also known as Ben Baller, who has crafted custom jewelry for Ye, Drake, and others. Past drops include a 10,000-NFT collection from Shaquille O'Neal that raised $2 million for the basketball icon's charitable foundation.  Hollywood creatives and studios have increasingly invested in the NFT space in the past year, with stars like Witherspoon, producers like "Law & Order" creator Dick Wolf, and legacy and upstart studios jumping into the tech.Mayer and Staggs launched Candle in 2021 and, with around $2 billion in backing from Blackstone, began scouting Hollywood for assets to acquire. It has held talks with many companies, not all of which have led to deals. Last August, it announced its first acquisition: Reese Witherspoon's Hello Sunshine, in a deal that valued the production company behind shows like HBO's "Big Little Lies" at $900 milion.With its initial slate of deals, Candle is betting that the streaming wars will continue to drive insatiable demand for buzzy, star-ladden content. In an interview with The Information in January, Joe Baratta, Blackstone's global head of private equity, said the plan is to marry that content with commerce, gaming, and social media. Around the same time, Candle announced it had hired Brent Weinstein, the former chief innovation officer at UTA, to lead its new business development with a focus on opportunities in social media, the creator economy, ecommerce, and Web3 spaces.  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: Web3 NFT 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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ZeroFox Acquires Vigilante to Build Out Security AI: CEO Interview 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 The cybersecurity AI startup ZeroFox is buying competitor Vigilante to help it better scan the dark web to fight back against ransomware Aaron Holmes 2021-07-07T13:00:00Z 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 ZeroFox CEO James Foster ZeroFox This story is available exclusively to Insider subscribers. Become an Insider and start reading now. Redeem now Threat intelligence firm ZeroFox announced Wednesday that it will acquire competitor Vigilante. ZeroFox has raised nearly $200 million for its threat detection software. CEO James Foster told Insider the deal will bolster ZeroFox's AI that hunts down cybercrime. A client of the threat intelligence startup ZeroFox recently approached the firm with an issue that's becoming increasingly common: The company believed it was hit with ransomware and needed help.ZeroFox's client had received a message from a hacker claiming that sensitive information had been stolen and would be leaked online unless the company agreed to pay a ransom, so it hired ZeroFox to scan the hacker's online presence and another threat intelligence firm called Vigilante to sweep the dark web for their activity. The two companies made a surprising discovery: There was no evidence the client company had been breached. "It was fake ransomware. They hadn't actually been hit and it hadn't been stolen, but a different organization was actually compromised," ZeroFox CEO James Foster told Insider.Now, ZeroFox is acquiring the firm that helped it make that discovery: The startup announced Wednesday that it will buy Vigilante for an undisclosed amount. Since its founding in 2013, ZeroFox has raised nearly $200 million from backers including Intel Capital and NEA at a $280 million valuation, according to PitchBook. The startup markets a suite of artificial intelligence-powered software that automatically trawls the internet for posts that could be harmful to its enterprise clients — like leaked secrets, impersonation scams, deepfakes, and other misinformation — and facilitates takedowns to remove the harmful content.With its acquisition of Vigilante, ZeroFox will aim to beef up its capacity to monitor posts on the dark web, Foster said. Vigilante's own AI specializes in combing through data sets published on the "dark" segments of the internet that are not indexed by search engines and require specific software to access, which make them a prime hub for cybercrime."We believe Vigilante is the best in the world at what we call dark web operative networks," Foster said. "That capability will bring a new level of deep cybercriminal underground intelligence to the ZeroFox platform."Foster said the acquisition is part of ZeroFox's broader attempt to become a "category champion" in AI-powered threat intelligence. The move comes as data theft and ransomware are on the rise: More than 37 billion records were stolen in 2020, a 141% increase from the year prior, according to a report by the intelligence firm Risk Based Security.While Foster declined to specify how much the acquisition will impact ZeroFox's headcount, he said the company currently employs over 500 people and is "growing very quickly." The startup doesn't have immediate plans for an exit but will eventually go public, he added."I think any company that has an exit strategy is probably proactively cutting themselves off at the knees," Foster said. "As long as we continue to take care of our customers and innovate faster than anybody out there, we believe we have the team and the tech and the customer base to be a successful public 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 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: Legendary venture capitalist Ben Horowitz on culture mistakes most companies make, diversity in leadership, and the outlook for crypto Enterprise Cybersecurity More... Deal icon An icon in the shape of a lightning bolt. 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CEO Of $340 Million Radian6 Reveals Salesforce's Acquisition Strategy - Business Insider Tech BI Intelligence Events Trending Tech Finance Politics Strategy Life Sports Video All × From To You have successfully emailed the post. CEO Of $340 Million Radian6 Reveals Salesforce's Acquisition Strategy Robert Scoble, Scobleizer May 3, 2011, 7:41 AM 1,183 facebook linkedin twitter email print Robert Scoble Robert Scoble is an American blogger, technical evangelist, and author. He currently works for Rackspace and the Rackspace sponsored community site Building 43. Recent Posts Nokia's Trapster is too far over the freaky line Why I got Highlight wrong (and how Bluetooth Low Energy might save... Knock, knock, is this thing on? Yesterday was Marcel LeBrun’s first day working for Salesforce. His company, Radian6, was just acquired for $340 million (Techcrunch reported it was $326, but LeBrun told me that was wrong and that $430 was the correct number). By a fun coincidence last night I was hanging out with Empire Avenue and Seagate execs at the Ritz when I got a phone call from JP Rangaswami, Salesforce’s Chief Scientist. He said “look up” and I saw him standing in a window. That led to meeting Marcel for this interview where he gave me insights as to what Marc Benioff is up to with a group of acquisitions (JP just hired Kevin Marks) and JP told me they are planning other big hires. We discussed several things in this 19-minute interview: 1. Where Radian6 will be used inside Salesforce Chatter (at Rackspace we’ve decided to use Chatter as our main “at work” social feed, so I’m interested as a customer). He says that Radian6 will let employees bring outside feedback right into their social feed. For instance, an employee at a car company could say “I want to see any Tweet that talks about buying one of our products” and those tweets would show up on their social feed inside Chatter. 2. Advice for entrepreneurs who want to follow Marcel and build a company that is valued at $340 million and what the impulse was for him to start Radian6. 3. Just how much the market has changed (the company started in 2006, back when they thought that blogs were going to be the important things companies would want to listen to — Twitter wasn’t yet known outside of SF geek circles and Facebook was still for college kids only). 4. How big the market potentially is for customer service. He notes that when Radian6 started very few companies were trying to use social media, now nearly every company is and he thinks we are still very early as companies try to find new ways to delight their customers. 5. Will compensation change inside companies due to how well we use social systems like Chatter? (Dups Wijayawardhana, CEO of Empire Avenue, a system that studies the value we put into these things, was standing nearby during this interview). 6. What to do with employees who build their own brand separately from the company. Anyway, it was an interesting conversation and gives you some insights into what one of the leaders in the social world is thinking. Hope you enjoy. Read more posts on Scobleizer »     Read the original article on Scobleizer. Copyright 2011. More from Robert Scoble: Mental Blocks and Resource Constraints I’m leaving Rackspace to join Upload VR My blog to return in April 2016 More: Robert Scoble Salesforce.com Radian6 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 CEO Of $340 Million Radian6 Reveals Salesforce's Acquisition Strategy CEO Of $340 Million Radian6 Reveals Salesforce's Acquisition Strategy Salesforce is gearing up for more big hires. 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Here's 10 Companies Facebook Should Acquire According to Valley Insiders 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 Here's 10 Companies Facebook Should Acquire According To Valley Insiders Jay Yarow 2010-07-15T13:09:00Z 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 Reuters In January Facebook CEO Mark Zuckerberg asked users Q&A site Quora, "What startups would be good talent acquisitions for Facebook?"User Nils Johnson suggested Nextstop in January. Apparently Zuckerberg was listening, because last week, Facebook went and acquired the startup last week.So who else did the Silicon Valley insiders that hang on Quora suggest? Apture was the top choice for Facebook to acquire Apture offers publishers an opportunity to keep readers on their website by offering a baked in database of information so users don't need to use Wikipedia or IMDB, for example.Apture had 31 votes from Quora users, with early Facebook engineer Charlie Cheever saying, Apture's people are "really talented." Gowalla could be good for Facebook's location needs Bloomberg Gowalla was suggested by Facebook employee Brent Goldman. Many others suggested Foursquare, but that didn't work out. Gowalla would be a logical fit since Facebook is working on location. ChoiceVendor is chock full of Googlers, which we know Facebook likes CoiceVendor provides ratings of and reviews of business-to-business service providers. Doesn't really sound like a great fit for Facebook, but it's full of ex-Googlers, which seems to be something that appeals to Mark Zuckerberg.David King suggested the company, and ChoiceVendor's co-founder and Rama Ranganath voted in favor of the suggestion, so apparently he's open to an acquisition. Posterous has a small, talented team We don't see this one happening because it doesn't really make all that much sense, but many Quora folks thought Posterous would be a good idea. Posterous is the dead simple blogging platform that's gaining steam. If Mark wants to make Facebook more lovey-dovey, he could buy OKCupid OK Cupid is the "Google of online dating," according to a Boston Globe quote on OkCupid's site. We have no idea what that means, but it sure sounds good. If Facebook wanted to add a personals section this could work. Or, Facebook could buy the company for talent and shut down OKCupid. Flock could help Facebook make its own browser Someone suggested Flock which makes a "social web browser." If Facebook wants to make a Google Chrome competitor maybe buying Flock makes sense. Since Zuckerberg is looking for talent, Flock could be good. Seems to have a good amount of talent. Wildfire Interactive could help with marketing for brands We don't know much about Wildfire Interactive, but a few people threw it in the mix. Wildfire is a social marketing group. If Facebook wanted to add a marketing advisory group, maybe this makes sense. Thoughts? Wavii is a mystery company Om Malik of GigaOm threw out Wavii. Interestingly, GigaOm hasn't covered Wavii, and there's nothing on it in Crunchbase. Anyone out there (Om?) know what Wavii does? SimpleGeo was a popular suggestion to help with location SimpleGeo was mentioned by numerous users. SimpleGeo is a pretty hot startup that helps with backend support for location based services. Since Facebook is getting into location this makes sense. Bring the Quora team back to Facebook This is obvious, but Quora users think Facebook should buy Quora. It makes perfect sense. Facebook is trying to build its own Q&A product. Quora was founded by early Facebook employees.Of course, that might be why it makes no sense. Quora founder Adam D'Angelo said he left Facebook because, "When companies get big, they slow down. They’re not as exciting. If you want to get something done, it takes a lot of time and a lot of meetings. With Quora, there’s just four of us sitting around four desks. There are no meetings. We just make a decision." 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Why Simon Property Group Is Acquiring Bankrupt Brands Like JCPenney 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. Retail Simon Property Group understands the value of acquiring bankrupt brands 'cheap.' Here's how the US' largest mall operator plans to convert JCPenney and Brooks Brothers into profitable businesses again. Madeline Stone 2020-11-11T17:08:00Z 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 JCPenney has been in the process of closing more than 150 stores. Paul Hennessy/SOPA Images/LightRocket via Getty Images This story is available exclusively to Insider subscribers. Become an Insider and start reading now. Simon Property Group has been buying up bankrupt brands through partnerships with Authentic Brands Group and Brookfield Asset Management.  In the mall operator's earnings call on Monday, CEO David Simon said the decisions come down to the company's belief in the strength of a brand. The joint bid between Simon Property Group and Brookfield for JCPenney's retail operations was approved in bankruptcy court on Monday evening. "We believe in the Penney's brand," Simon said in the earnings call. "We believe we can return the company to increasing sales."  Visit Business Insider's homepage for more stories. Simon Property Group, the largest mall operator in the US, is branching out beyond collecting rent from its tenants and into brand ownership.The company has snatched up a number of retail chains this year, teaming up with brand management company Authentic Brands Group to buy both Brooks Brothers and Lucky Brand out of bankruptcy. The joint venture between both companies is called Sparc.Meanwhile, Simon Property Group has also partnered with Brookfield Asset Management, which, like Simon, owns and operates a number of malls in the US, to acquire JCPenney's retail and operating assets. That purchase was approved in bankruptcy court late Monday evening after JCPenney filed for Chapter 11 bankruptcy protection in May. Read more: Real-estate titan David Simon is reshaping America's malls. Insiders reveal how he's facing a make-or-break moment with a $2 billion bet on troubled JCPenney.During Simon Property Group's quarterly earnings call on Monday, CEO and President David Simon detailed the company's thinking behind the JCPenney acquisition. "We believe in the Penney's brand. The company did over $9 billion in sales pre-COVID. We believe we can return the company to increasing sales," Simon said. "This customer is important to the community, as is JCPenney, and to us, and we expect we will continue to grow this customer over time, and we're extremely proud to serve the community in that capacity." Simon Property Group and Brookfield will have their work cut out for them. Even before the COVID-19 pandemic forced nonessential retailers to close all of their stores for several weeks, JCPenney had endured years of slumping sales. Since the bankruptcy filing, more than 150 JCPenney stores have been slated to close.Simon Property Group and Brookfield are taking on JCPenney's reduced retail operations for $1.75 billion using a combination of cash and new term loan debt. JCPenney's lenders will own 160 of its stores and all of its distribution centers in separate holding companies. Simon said a priority for JCPenney will be improving the mix of merchandise, including potentially by increasing representation of brands that are owned by ABG, which the CEO said is partnering with Simon and Brookfield in their takeover of the department store. "We do think that the combination of our relationships with a direct-to-consumer crowd, as well as all the brands that either we control or that ABG does, that those products will find a home in Penney," Simon said. "And there's a lot of intense discussions going on."'Buying things cheap'Simon Property Group is expecting its partnership with ABG to eventually be a highly profitable area of its business. In addition to Brooks Brothers and Lucky Brand, the venture added Nautica and Aéropostale to its portfolio before the pandemic. Sparc also owns a 75% stake in Forever 21 and a majority share in Volcolm. "We know the brands. We do a lot of research. ABG has been a very good partner. They know how to blow out the license aspect of it, which we're a partner in," Simon said on the earnings call.He cited Brooks Brothers as an example, saying that the companies do not underestimate "buying things cheap." ABG and Sparc paid $325 million for Brooks Brothers in August and agreed to keep at least 125 stores operating. Simon said that although Brooks Brothers has a "great following," "it had the strangest real estate portfolio." Some locations, he said, were paying far too much in rent. "We get out of bad stores. We buy the inventory at a discount," Simon said. "We right-size the overhead and ... with better business judgment and lo and behold, you suddenly have a business that's got positive — significant positive — EBITDA and you haven't paid much for it." 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: Malls' survival depends on them getting a better mix of stores and making them more interesting to shoppers, the CEO of one major operator says NOW WATCH: About half of the farmworkers in the US don't have legal status. They're risking getting COVID-19 to supply our food. 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Amazon Acquires Goodreads - Business Insider Tech BI Intelligence Events Trending Tech Finance Politics Strategy Life Sports Video All × From To You have successfully emailed the post. Amazon Will Acquire Goodreads, The Leading Book Recommendation Site Dylan Love Mar. 28, 2013, 4:12 PM 2,942 2 facebook linkedin twitter email print David McNew / Getty ImagesAmazon has reached an agreement to acquire Goodreads, the go-to site for tracking what you've read and getting recommendations based on what you like. It's a deal that makes lots of sense for both companies. As author Hugh Howey put it, "The best place to discuss books is joining up with the best place to buy books – To Be Read piles everywhere must be groaning in anticipation." The acquisition is expected to be finalized in the second quarter of this year and the deal's terms and details were not disclosed. Disclosure: Jeff Bezos is an investor in Business Insider through his personal investment company Bezos Expeditions. More: Amazon 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 Amazon Will Acquire Goodreads, The Leading Book Recommendation Site Amazon Will Acquire Goodreads, The Leading Book Recommendation Site Track what you've read and get recommendations. 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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Why so Many Startups Are Being Acqui-Hired 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 Why So Many Startups Are Being Acqui-Hired Jay Yarow 2012-08-10T20:10:58Z 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 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 Flickr / Mari Smith One of the most interesting trends in startup land is the rise of the "acqui-hire," which is when a big company buys a smaller company just to get its employees.For instance, Facebook acquired New York-startups Hot Potato and Drop.io just for the companies' founders. It pretty much killed the product they developed. Or, more recently, Google bought Milk, the app development company from Kevin Rose. It killed all of Milk's projects and put the team to work on Google+. Why are Google and Facebook buying the companies instead of just poaching the employees? UNC law professors John Coyle and Gregg Polsky explored the acqui-hire trend and published a paper on it.Dan Primack at Fortune read the paper and talked to the professors. The results are fascinating.The key takeaways:It saves face for the entrepreneur to say, "I sold my company to Google." The professors found that the majority of acqui-hired companies couldn't have raised another round of funding. Taking a "buy out" offer sounds a lot better than having the company go out of business. It eases the tension of offering people huge salaries to come work at your company. If Facebook tried to hire some of the people at Hot Potato, it would have to make a generous offer. If it led to the new Hot Potato employee making more money than the current Facebook employees, the office culture could be poisoned. But, if Facebook brings in employees through an acqui-hire, and essentially gives them a huge bonus to join, what can it do? It has to tell its people, "We had to buy their equity."That equity bonus is better for tax purposes. Engineers can treat their bonuses as capital gains, which is more tax-friendly. Though, the UNC professors believe this might not last if the IRS starts paying attention.Acqui-hiring is good for big companies because it keeps VCs happy. If Google had the choice between poaching a startups employees, and robbing a VC of the ability to say it had an exit, or just doing the acqui-hire, the acqui-hire is better in the long run. It might end up costing a little more, but it keeps VCs happy, and down the road the VCs might be able to help out Google.For more, head over to Fortune > 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. Startups Facebook Google 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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Priceline to acquire Kayak for $1.8 billion http://www.businessinsider.com/priceline-to-acquire-kayak-for-18-billion-2012-11/comments en-us Sun, 26 Jun 2016 13:36:34 -0400 Sun, 26 Jun 2016 13:36:34 -0400 Christopher Parr http://static3.businessinsider.com/assets/images/bilogo-250x36-wide-rev.png Business Insider http://www.businessinsider.com

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Google Acquires Channel Intelligence For $125 Million - 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 Spends $125 Million On Channel Intelligence To Improve Google Shopping Jay Yarow Feb. 6, 2013, 8:31 AM 7,645 4 facebook linkedin twitter email print Google has acquired Channel Intelligence for $125 million in cash. According to its blog, Channel Intelligence (CI) tracks online retail sales for a number of categories ranging from computing to consumer packaged goods. We're unfamiliar with Channel Intelligence, but we assume it will be a part of Google's efforts to ramp up shopping. On its site, CI talks about working with Google shopping and boosting traffic for retailers. One of the looming threats for Google is the continued strength of Amazon. When people want to buy stuff online, they will skip Google and head straight to Amazon. Inside Amazon they will search, and then buy stuff. Google's business is built around people searching on Google for things to buy. That's the most valuable search from a commercial perspective. Google is trying to improve its shopping services to combat users tendency to go straight to Amazon. We assume CI will be a part of improving shopping so that when people search on Google for products it will list better, more relevant results for users.  And from a retailers perspective, this could help get more relevant results to show up. Here's the release: RADNOR, Pa., Feb. 6, 2013 (GLOBE NEWSWIRE) -- ICG Group, Inc. (ICGE) ("ICG") is pleased to announce that one of its consolidated companies, Channel Intelligence, Inc. ("CI"), has entered into a definitive agreement to be acquired by Google Inc. (GOOG) for $125 million in cash. The transaction, which is subject to customary closing conditions, is expected to be completed in the first quarter of 2013. ICG is expected to realize approximately $60.5 million in connection with the transaction. A portion of ICG's proceeds will be held in escrow and will be subject to potential identification claims. ICG does not expect to owe any income taxes in connection with the transaction. "Building upon the perseverance and strong foundation laid by CI's founder Rob Wight, I am extremely proud of the work we accomplished at CI," said Doug Alexander, CEO of CI and President of ICG. "With the talent and hard work of the entire CI team, we successfully navigated a very complex marketplace, ending a record year that culminated in this very exciting acquisition." "The sale of CI to Google is a testament to the quality of its technology and its strong team led by ICG President, Doug Alexander, who positioned the company to succeed in the rapidly growing e-marketing industry," said Walter Buckley, CEO of ICG. "As drivers and architects of CI's growth and success, we are very pleased with this outcome." "I am thrilled to see the recognition of value for what this company has accomplished," said Rob Wight, Founder and Chairman of CI. "Our vision for CI started with the desire to simplify the online shopping experience. Under the leadership of Doug and ICG, CI greatly enhanced its value proposition to its customers and partners. I am very proud to see our vision executed to this great outcome." About ICG ICG (ICGE) identifies, capitalizes and grows companies in the cloud-based software and services sectors. These companies transform the way business is done by enabling enterprises to increase efficiencies and improve and automate critical processes. ICG leverages its unique expertise to carefully identify companies based on their potential to become market-changers and market-leaders. ICG is focused on building profitable businesses in the cloud-based software and services sectors by infusing them with management expertise, strategic and operational guidance, as well as growth capital. The ICG logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=7794 About Channel Intelligence Channel Intelligence helps marketers outperform online with its CI Boost services: Facebook Platform, Where-to-Buy, Product Search Engines and Shopping Engine solutions. Relied upon by companies such as Target, Philips, HP, Neiman Marcus, Best Buy and Kimberly-Clark, CI tracks nearly 15 percent of US transactions online and drives $2 billion in sales annually in referred sales online in computing products, home improvement products, appliances, consumer electronics, toys and a variety of other consumer packaged goods. CI is owned by ICG and Aweida Capital Management. Learn more at www.channelintelligence.com. More: Google 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 Google Spends $125 Million On Channel Intelligence To Improve Google Shopping Google Spends $125 Million On Channel Intelligence To Improve Google Shopping Google is trying to tweak its shopping results. 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Facebook's Post-IPO Acquisition Spree Begins NOW - Business Insider Login   Login Username Password Remember me Forgot username or password? 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Email Zip From To Email Sent! You have successfully emailed the post. Facebook's Post-IPO Acquisition Spree Begins NOW Owen Thomas | May 18, 2012, 4:56 PM | 2,569 | 1 Email More Share on Tumblr Tweet Email Share on Tumblr A gift for Facebook.  See Also Behind The Scenes Of The Tumblr Deal, A $1.1 Billion Acquisition One Month In The Making LinkedIn Is The Most Effective Social Network For Salespeople Teens Are Ditching Facebook For Twitter To Avoid Boring Adults And Drama Back to business. Facebook now has $16 billion in cash and a liquid stock with which it can make acquisitions. So it's doing deals. Facebook has acquired Karma Science, a 15-person San Francisco startup backed with $4.5 million from Kleiner Perkins, Sequoia Capital, and Twitter cofounder Ev Williams's Obvious Corporation, among others, Cofounders Lee Linden and Ben Lewis announced the news in a blog post. Karma makes a social gifting app that lets recipients choose whether to receive a tchotchke or donate the cost of whatever they were going to get to charity instead. It's an obvious way to bolster Facebook's mobile efforts—a key area of worry for Facebook's new investors. Interestingly, virtual gifts were an early idea for revenue that Facebook tried out, but ultimately abandoned. Sales of these gifts—in essence, digital icons that people could bestow on their friends as a means of congratulating (or teasing) them—amounted to about $10 million a year. The payments system Facebook used for its virtual gifts became Facebook Credits, though, and that virtual currency, used in the social games Zynga and other companies build on Facebook's platform, is Facebook's biggest source of revenues besides advertising. Recommended For You Please follow SAI on Twitter and Facebook. Follow Owen Thomas on Twitter. 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HP: CFO Cathie Lesjak Tried To Stop $11.7 Billion Acquisition Of Autonomy - Business Insider Enterprise BI Intelligence Events Trending Tech Finance Politics Strategy Life Sports Video All × From To You have successfully emailed the post. HP Finance Chief Tried To Stop $11.7 Billion Acquisition, But Lost Matt Rosoff May 8, 2012, 6:57 PM 6,244 1 facebook linkedin twitter email print Flickr/HPOnly one remains. See Also Billionaire investor Chris Sacca told an amazing story about how obsessed Kobe Bryant is with being a successful investor in the startup world Prince reportedly had a legal drug that's killing more Americans than heroin on him when he died The untreatable Zika virus just reached another country in the Pacific — here's a map of all the places it has spread so far HP's chief financial officer Cathie Lesjak blindsided her old boss at a board meeting and told assembled directors she was totally opposed to HP's $11 billion acquisition of enterprise search company Autonomy. Fortune reports that Lesjak had told then-CEO Leo Apotheker in private that she was opposed to the deal, thinking it was too expensive. Apotheker had proposed paying 11x revenues for Autonomy, when comparable companies were priced at around 3x. But Apotheker was surprised when she countered him at the board meeting. According to Fortune, citing somebody at the board meeting, Lesjak said: I don't think it's a good idea. I don't think we're ready. I think it's too expensive. I'm putting a line down. This is not in the best interests of the company. HP went through with the deal anyway. But the conflict was just one of many examples of how Apotheker lost control over the complicated political landscape at HP, and he was ousted less than two months later. The thing is, the conventional wisdom in Silicon Valley says that Lesjak was probably right. One CEO of an enterprise company that does not compete with HP told us that he thought the valuation was completely insane, and grounds for firing Apotheker even without all his other slip-ups. Some HP partners have also criticized the deal, and Oracle said they passed on the deal at $6 billion because it was too expensive. More: Hewlett-Packard Autonomy Leo Apotheker 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 HP Finance Chief Tried To Stop $11.7 Billion Acquisition, But Lost HP Finance Chief Tried To Stop $11.7 Billion Acquisition, But Lost HP went and paid that much for Autonomy anyway. 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 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 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 Acquires PhoneFactor - 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. Microsoft Acquires PhoneFactor To Keep Hackers From Destroying Your Life Julie Bort Oct. 4, 2012, 3:41 PM 3,673 3 facebook linkedin twitter email print WiredMicrosoft's latest deal came too late to protect Wired's Mat Honan from hackers. See Also Meg Whitman: We just signed a big deal to help Microsoft sell its Amazon-killer cloud Why you should stop asking if a tablet can replace your laptop — and what to ask instead Microsoft's 'next billion dollar business' is launching today Microsoft wants to make sure that its customers don't suffer the fate of Wired's Mat Honan. Today they acquired a tiny 50-person company, PhoneFactor, that turns your cell phone into a password-verification device for an undisclosed sum. Hackers nearly destroyed Honan's digital life two months ago. On the hunt for a Twitter password, they got into his Amazon account, which helped them gain access to his Apple and Google accounts. They remotely erased all his data, even on his iPhone and Mac. Honan admitted, "Had I used two-factor authentication for my Google account, it’s possible that none of this would have happened." Two-factor authentication means that you need more than just a password to log in—you need something extra to verify your identity. A lot of these security schemes rely on your phone. One example of two-factor authentication at work: After you type in a username and password, your phone is sent a code via text or an automated phone call. You have to enter that code when you sign in. So hackers can't just know your password—they'd have to get your phone, too. Google has a piece of software called Google Authenticator which generates these codes without needing to bother with a text or phone call.  PhoneFactor is an app that does similar things for enterprise apps. It already supported a bunch of Microsoft software, including email and Active Directory. (Active Directory is how enterprises keep track of employee passwords to Windows apps.) Interestingly, it wasn't the Windows Phone team that made this acquisition but the Server and Tools business unit. They are going to add PhoneFactor's tech into Microsoft's cloud apps like Windows Azure Active Directory, a Web-based implementation of Active Directory, and Office 365, an online version of Microsoft's productivity-software suite. PhoneFactor was founded by Tim Sutton in 2001. Sutton is best known for his years as president of Sprint's  broadband wireless business. Cofounder Steve Dispensa also hailed from Sprint. More: Security PhoneFactor Microsoft Computer Security Hackers 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 Microsoft Acquires PhoneFactor To Keep Hackers From Destroying Your Life Microsoft Acquires PhoneFactor To Keep Hackers From Destroying Your Life If it could happen to a Wired writer, it could happen to you. 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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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. 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. 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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TWITTER DOCS: Twitter does not want to be acquired. - Business Insider Tech BI Intelligence Events Trending Tech Finance Politics Strategy Life Sports Video All × From To You have successfully emailed the post. TWITTER DOCS: Twitter does not want to be acquired. Nicholas Carlson Jul. 17, 2009, 12:01 PM 271 facebook linkedin twitter email print Return to post > 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 TWITTER DOCS: Twitter does not want to be acquired. TWITTER DOCS: Twitter does not want to be acquired. Return to post > 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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Birchbox Has Acquired Its Paris-Based Competitor, JolieBox.  the European Makeup-in-a-Box Company Has Partners ... 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 Birchbox has acquired its Paris-based competitor, JolieBox.&nbsp; The European makeup-in-a-box company has partners ... Alyson Shontell 2012-09-13T19:02:00Z 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 Birchbox has acquired its Paris-based competitor, JolieBox.  The European makeup-in-a-box company has partners in Spain and the UK; Birchbox now has 400 brand partners internationally. 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: BirchBox 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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Facebook 'Flipped Out' After Instagram Recently Raised $50 Million http://www.businessinsider.com/confirmed-instagram-closed-a-50-million-financing-at-a-500-million-valuation-before-it-was-acquired-by-facebook-2012-4/comments en-us Wed, 31 Dec 1969 19:00:00 -0500 Thu, 26 May 2016 18:21:26 -0400 Alyson Shontell http://www.businessinsider.com/c/4f8377b3eab8ea236a00004b Beltway Greg Mon, 09 Apr 2012 19:58:43 -0400 http://www.businessinsider.com/c/4f8377b3eab8ea236a00004b Kids, here's the drop, as much as I can't stand Facebook, I had an epiphany this weekend. I was eating at a shitty restaurant in Baltimore and all that the people at the table behind us could talk about was Farmville. With this acquisition methinks I might invest a little scratch in Facebook. If it goes public at 100B there really isn't any reason it can't get to $300B. Got to admit this was a good move by Mark and it has made me rethink Facebook and Flufferberg's strategy. http://www.businessinsider.com/c/4f83531eecad04af60000014 DM Mon, 09 Apr 2012 17:22:38 -0400 http://www.businessinsider.com/c/4f83531eecad04af60000014 Assuming 50 million users (including recent android users), that's about $20/user acquisition cost. http://www.businessinsider.com/c/4f8342436bb3f70a15000007 Justin Timberlake Mon, 09 Apr 2012 16:10:43 -0400 http://www.businessinsider.com/c/4f8342436bb3f70a15000007 Fifty million dollars isn't cool. You know what's cool? A Billion dollars.

M&A

Goldman Sachs Is Acquiring Fintech GreenSky for $2.24 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. Finance Goldman's GreenSky deal will help Marcus bulk up in consumer lending Tom Auchterlonie 2021-09-16T14:51:00Z 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 Goldman Sachs is acquiring home-improvement and healthcare loan platform GreenSky. The plan is to pair up the fintech with Goldman's Marcus direct bank division. Insider Intelligence publishes hundreds of research reports, charts, and forecasts on the Banking industry. Learn more about becoming a client. Goldman Sachs is acquiring fintech GreenSky, which acts as a platform for home-improvement and healthcare loans to consumers, in a deal worth about $2.24 billion. The banking giant expects its deal to wrap up in Q4 2021 or Q1 2022, bringing GreenSky's merchant network of over 10,000 into the fold. Insider Intelligence Goldman plans to pair up the fintech with its Marcus direct bank division—Chairman and CEO David Solomon said that the bank will use GreenSky's platform to promote Marcus to consumers and merchants.GreenSky makes loans available at the point of sale and lets consumers take out loans that have deferred interest for a promotional window—it's usually six to 18 months—which is waived if they repay their entire principal balances within the period.Goldman is the latest big US incumbent to plan on—or at least consider—broadening its consumer-lending scope. Recent examples over the past week include:Capital One: CEO Richard Fairbank revealed that the bank will run a point-of-sale buy now, pay later (BNPL) test with a group of merchants it has existing relationships with.JPMorgan Chase: Marianne Lake, who is co-CEO of the bank's consumer- and community-banking unit, said that Chase is thinking about jumping into the BNPL space and that it has a good shot due to its lending experience. Chase already offers a credit-card product that's similar to BNPL.Goldman can use the fintech to strengthen Marcus' product lineup by building out lending to complement its savings and investing offerings—something the bank is already touting in its announcement of the deal.The bank's lending buildout, plus a planned move into checking, mark the latest signs of its consumer-banking push. GreenSky's focus on home-improvement and healthcare loans, plus Goldman's forthcoming BNPL product in partnership with Apple, will give the banking giant roles in consumer lending for both small- and big-ticket purchases.Goldman can also use both lending businesses to gain experience for supporting its MarcusPay personal-lending product or to delve into further partnerships.Want to read more stories like this one? Here's how you can gain access:Join other Insider Intelligence clients who receive Banking forecasts, briefings, charts, and research reports to their inboxes each day. >> Become a ClientExplore related topics more in depth. >> Browse Our CoverageCurrent subscribers can access the entire Insider Intelligence content archive here. Sign up for notifications from Insider! Stay up to date with what you want to know. Subscribe to push notifications Newsletter Get a daily newsletter packed with financial services data, insights, and analysis from the Insider Intelligence team. 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Dropbox May Have Just Acqui-Hired a New CTO 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". 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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. Tech Dropbox May Have Just Acqui-Hired A New CTO Alyson Shontell 2012-02-27T17:53:00Z 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 Dropbox founders Drew Houston and Arash Ferdowski Vasillis Online via Flickr Cove, a collaboration startup founded by two former Facebook employees, has been acquired by Dropbox.It seems to be a talent acquisition; a source tells TechCrunch that Cove's founder Aditya Agarwal will become CTO of Dropbox. Cove's other founder, Ruchi Sanghvi, joined Facebook in 2005 as its first female engineer. There she worked on News Feed, Platform and Connect.Dropbox cofounder Drew Houston says the company's top priority is hiring engineering talent; Cove's team represents the best in Silicon Valley.Cove is the file-sharing company's first acquisition. Sign up for notifications from Insider! Stay up to date with what you want to know. Subscribe to push notifications Newsletter 10 Things in Tech: Get the latest tech trends & innovations Loading Something is loading. 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Merrill Lynch's Acquisition Targets for 2016 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 These 7 big Internet companies are ripe to be acquired, says Merrill Lynch Biz Carson 2016-01-13T19:55:19Z 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 Jack Dorsey, chairman of Twitter and CEO of Square, listens to a fellow panelist during a Techonomy Detroit panel discussion held at Wayne State University in Detroit, Michigan September 17, 2013. REUTERS/Rebecca Cook 2016 will be a robust M&A market and there are several already public companies that might be ripe for picking, a new Merrill Lynch analyst note predicts.The large cash balances of large cap internet companies combined with the suddenly attractive small-cap valuations of others may contribute to an uptick in public companies cannibalizing each other.  Here are the seven companies that Merrill Lynch singled out in its analyst note as M&A targets for 2016.  Groupon People enter and leave Groupon Inc corporate office and headquarters in Chicago Thomson Reuters Potential acquirers: GoogleReasoning: "Groupon was a target of Google before it went public in 2012, has had recent management changes, and according to press reports some companies may still be interested." Merrill Lynch writes. "However, newly appointed CEO, Rich Williams, was quoted as saying the company has not received any takeover offers."Stock performance: In January 2014, Groupon traded for more than $11 a share. Two years later, the company is priced at $2.60, a 76 percent decline. Yelp Yelp CEO and co-founder Jeremy Stoppelman AP Images Potential acquirers: Google, Yahoo, or PricelineReasoning: "Yelp could be a good fit for Google, Yahoo and even Priceline per press articles. Its large user audience and advertiser base has taken years to build, and could be an interesting asset for companies trying to build a bigger mobile or local presence," Merrill Lynch wrote.Stock performance: At its high in March 2014, Yelp was trading for $98 a share. Since then, the company has lost nearly three quarters of its value and is listed for $22.15.  GrubHub GrubHub CEO Matt Maloney (C) applauds after ringing the opening bell before the company's IPO on the floor of the New York Stock Exchange in New York April 4, 2014. Shares of GrubHub Inc, the biggest U.S. online food-delivery service, rose as much as 57 percent in its market debut as investors scrambled for a piece of the fast-growing consumer internet company. REUTERS/Lucas Jackson Potential acquirers: Yelp or AmazonReasoning: "GrubHub could be a fit with local services providers such as Yelp to support their own restaurant delivery businesses. In 2014, Nasdaq reported that Amazon could interested in acquiring GrubHub as a way to accelerate its expansion into new markets. Amazon operates its own local restaurant delivery service in select markets and could look at GrubHub as a way to accelerate its expansion into new markets," Merrill Lynch wrote.Stock performance: The drop-off for GrubHub didn't come until April 2015. Throughout 2014, GrubHub's stock rose from $34 to around $46 a share at its peak. Since April though, GrubHub has lost half its value and now trades around $21.  Pandora Traders work at the kiosk where Pandora internet radio is traded on the floor of the New York Stock Exchange June 15, 2011. REUTERS/Brendan McDermid Potential acquirers: SiriusReasoning: "Pandora could be a target for another music service provider. At an investor event earlier in 2015, the CEO of Sirius indicated that Pandora could fit with the company’s strategy of monetizing the large number of automobiles that are not subscribing or actively trialing a music service," Merrill Lynch wrote.Stock performance: In February 2014, Pandora stock reached its high at $38 a share. Since then, the stock has been tumbling lower and two years later, trades closer to $10. TripAdvisor Shutterstock Potential acquirers: Priceline or GoogleReasoning: "TripAdvisor could be a fit for OTA rival Priceline or Google for its wealth of traveler review data, according to Bloomberg. Priceline could also look to acquire TripAdvisor to consolidate its share of travel bookings or limit dependence on Google for traffic," Merrill Lynch wrote.Stock performance: Unlike the other companies on Merrill Lynch's list, TripAdvisor's stock has not been on a clear downward trend the past two years. In January 2014, the stock was priced at $84, only $12 more than the $72 it was trading at two years later. During that time though, the company's shares have sold for as high as $110 in June 2014 and as low as $62 in September 2015. Twitter The Twitter logo is shown at its corporate headquarters in San Francisco Thomson Reuters Potential acquirers: "a search engine", likely Google, AOL, Yahoo, or FacebookReasoning: "Twitter is struggling with growing users and press articles have highlighted that Twitter content could be a good fit with a search engine looking for more real-time social content to index," Merrill Lynch wrote.Stock performance: For the first time ever, Twitter shares have crossed below the $20 mark in January 2016. Two years ago, the social network was trading around $60, so it's lost two-thirds of its value. Shutterfly Brian Turner/Flickr Potential acquirers: UnknownReasoning: "Shutterfly initiated a sales process in mid-2014 and decided to remain independent following a strategic review, according to Bloomberg," Merrill Lynch wrote.Stock performance: Reaching a high of $54 in early 2014, Shutterfly's stock has fluctuated up and down in the past two years. While it hit a low in October 2015, trading at $35, the stock has improved slightly to be valued at $39 to start 2016.  Read next 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. Groupon Yelp GrubHub More... 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. 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Why Are Uranium Miners Being Acquired? - Business Insider Finance BI Intelligence Events Trending Tech Finance Politics Strategy Life Sports Video All × From To You have successfully emailed the post. × Why Are Uranium Miners Being Acquired? Jeb Handwerger, Gold Stock Trades Oct. 27, 2011, 5:35 PM 328 facebook linkedin twitter email print Jeb Handwerger Jeb Handwerger is a stock analyst and editor of Gold Stock Trades. Subscribe to his FREE Newsletter at: http://goldstocktrades.com/premium-service-trial Recent Posts Positive Developments In Precious Metals And Mining Stocks Contrarians Are Buying Uranium Miners Currency Manipulation And Intervention: The New 21st Century Warfare The prolonged basing period in uranium is rapidly approaching its conclusion.  Last year we saw major demand in uranium as prices soared and many nuclear miners made large gains during the fourth quarter.  Now many of the uranium miners are drastically oversold reaching long term support.  This year we are experiencing a prolonged basing period due to the aftermath of the millennial tragedy in Japan and The Western Sovereign Debt Crisis.  An extended consolidation leads to powerful up moves.  There are signs the rise in uranium miners may begin shortly.  There is a nuclear renaissance globally especially in North America.  Witness the recent announcement by Rio Tinto (RIO), who is making a “Friendly” offer on top of Cameco’s (CCJ) “Hostile” bid on Hathor (HAT.TO).  The feeding frenzy for Hathor is only the beginning of major mining interests who recognize that nuclear is a logical and economical energy source for America’s future electricity.  Expanding nuclear into the energy equation will diversify our power demand and produce inexpensive electricity for our nation far into the future.    Our homes, businesses, and environment will be the beneficiaries. On the other hand, Germany (EWG) has taken the path away from nuclear following Fukushima by shutting down their reactors and importing natural gas from Russia (RSX) and nuclear energy from France(EWQ).  This move away from nuclear is no way to run a modern industrial nation which has heretofore been the strongest economy in the Eurozone area continuously bailing out their debt ridden neighbors.  After this move we hear news that the once burgeoning German economy is grinding to a halt due to a “sharp drop in energy production after the government shut down eight nuclear plants after the Fukushima reactor disaster in Japan.”   This is not a surprise as we were aware of this potential black swan.  Merkel buckled to the demands of environmentalists run amok by halting nuclear power generation thereby causing a large drop in domestic energy production causing rising prices in other energy venues.  Industries closed up shop as Merkel abandoned economic growth for a few votes.  Germany’s leading companies have been protesting as they are being strangled by increasing costs that has consistently risen for the past decade.    Germany was the first major country to abandon nuclear power following Fukushima.  Merkel’s move is in contrast with the U.S., China , Turkey, India, Russia  and many other countries who are continuing full speed ahead with safe and next generation nuclear reactors.   China (FXI) just concluded a nationwide safety inspection following Fukushima of nuclear plants and will begin approving new reactors as they seek to multiply their energy capacities.  China finished the inspections post Fukushima one month ahead of schedule indicating their eagerness to satiate increasing energy demands from its growing economy.  China will likely adopt the AP 1000 design being the first to adopt next generation standards that are safer, economical and efficient. Germany must understand that a modern industrial nation must utilize nuclear power to satisfy its energy needs. Now we are witnessing the consequences of Merkel’s move away from nuclear and how it may be a serious blow to future of the Eurozone.  Germany, the once industrial giant has become a client nation as domestic energy production dropped in the second quarter impacting negatively their GDP. Eurozone banks are in serious danger of collapsing. Unfortunately Germany is involved in financing these troubled entities. The question arises, how will the Eurozone survive with Germany’s economic future in doubt? Deutschland’s experiment is a failure and now the world has observed the economic consequences of abandoning nuclear.   Months ago the leaders of German Industry wrote an open letter stating, “that the ending of German Nuclear Energy with such unprecedented haste gives us increasing worry.”  Merkel may have destroyed Europe’s most advanced modern industrial machine as the only country supporting the Euro finally succumbs self destructively.   Germany is swimming against the tide as the rest of the world says, “Yes” to nuclear energy.  There are 443 operating reactors, which does not include new plants coming online. There are currently 62 modern and efficient power plants being built all over the world including 27 in China, 5 in India, 11 in Russia and even 2 in Japan among many others that have elected to continue turning on nuclear power.  In fact, uranium  is fast approaching a supply-demand deficit and there is a possible shortage in uranium ore which may benefit uranium miners(URA). Read the original article on Gold Stock Trades. Copyright 2011. More from Gold Stock Trades: Investment Banks Excited Over Future of Electric Vehicles Using Lithium Ion Batteries Majors Should Look at Advanced Stage Junior Gold Miners Nearing Feasibility Smart Money Coming into Clean Energy Sector Should Look at Uranium Lithium Deposits 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 Why Are Uranium Miners Being Acquired? Why Are Uranium Miners Being Acquired? The prolonged basing period in uranium is... 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Is Beluga One Of Facebook’s First Real Product Acquisitions? - Business Insider Tech BI Intelligence Events Trending Tech Finance Politics Strategy Life Sports Video All × From To You have successfully emailed the post. Is Beluga One Of Facebook’s First Real Product Acquisitions? Anthony Ha, VentureBeat Mar. 1, 2011, 4:41 PM 750 facebook linkedin twitter email print Anthony Ha Anthony Ha is a senior editor at VentureBeat Recent Posts Marissa Mayer Joins Flickr, Reportedly Doubles The Size Of Its Team Marissa Mayer Explains Google’s Social Strategy, Skeptical About... 4chan Founder: Mark Zuckerberg Is "Totally Wrong," You Shouldn't... Facebook has acquired Beluga, the mobile group chat startup founded by three former Googlers. And in contrast to most of Facebook’s other deals, it looks like the company may actually use Beluga’s technology. Beluga allows users to create “pods” of friends with whom they want to share text messages, images, and emoticons. The service launched in December, and there seems to be increasing interest in group chat products from companies like GroupMe and Ning. Here’s the statement from Facebook: We’re psyched to confirm that we’ve just acquired the talent and assets of Beluga, whose simple and elegant mobile apps blew us away as a solution to help groups of friends stay in touch on the move. We’re looking forward to welcoming co-founders Ben Davenport, Lucy Zhang and Jonathan Perlow, and we’re excited that the team will continue their vision for groups and mobile communication as part of Facebook. Facebook has been a big acquirer of early-stage startups, but those deals have usually involved hiring the team and then shutting down the service. Last year, chief executive Mark Zuckerberg said, “We have never once bought a company for the company. We buy companies for excellent people.” (This practice is definitely not limited to Facebook, but it seems like Facebook has gone the furthest in this direction.) On one level, the Beluga deal seems to follow this pattern, since this brings three former Googlers into Facebook, and there’s been a lot of press between the talent war between the two companies. But there are also signs that this deal could be a little different, as TechCrunch’s MG Siegler argues. The Beluga team says that the service will continue to operate for now, and there will be “more details on future plans for Beluga.” A Facebook spokesperson told me, “As we say above, we bought both the talent and assets, so I think that characterization of talent and technology is right.” To be clear, Facebook hasn’t shut down every service that it acquired. FriendFeed is still running, but Facebook hasn’t really developed the service in any meaningful way, and it seems the main thing the company got out of that deal was the hire of Bret Taylor, who’s now Facebook’s chief technology officer. This post originally appeared at VentureBeat. Read the original article on VentureBeat. Copyright 2011. Follow VentureBeat on Twitter. More from VentureBeat: Tesla is opening the doors to its ‘gigafactory’ on July 29 The data France seized from Google in Paris tax raid could take years to analyze A complete guide for launching successful Slack bots Nvidia: Our software is about building a ‘platform’ After a tumultuous year of consolidation, what comes next for the semiconductor industry? More: Facebook Acquisition Social Media 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 Is Beluga One Of Facebook’s First Real Product Acquisitions? Is Beluga One Of Facebook’s First Real Product Acquisitions? This was different than most of Facebook's other deals. 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Yammer's Culture Under Microsoft - Business Insider Enterprise BI Intelligence Events Trending Tech Finance Politics Strategy Life Sports Video All × From To You have successfully emailed the post. This Is Microsoft? Check Out The Macs, Hacks, And Groovy Slacks Julie Bort Sep. 17, 2012, 12:00 PM 36,151 1 facebook linkedin twitter email print Yammer See Also Microsoft's Iowa caucus app worked well, but people still complained Satya Nadella uses this app to run Microsoft — and now it will reach more people than ever Cisco is buying Internet of Things company Jasper Technologies for $1.4 billion Yammer is a fun, funky place to work and Microsoft won't change that, cofounder and CEO David Sacks told Business Insider. And he's got the pictures to prove it. Take a look at life at Yammer as part of Microsoft >  Microsoft bought Yammer for $1.2 billion—both for its hot social-enterprise software, which helps employees communicate internally, and for its unique sales and product-development techniques.  Sacks has said repeatedly that Microsoft is letting him run Yammer as an independent company.  He shared with us a few more details on how that works: Microsoft gives him an operating budget. That covers everything from food to salaries.  As for salaries, Microsoft is known for paying well. This has been helpful in retaining the 450 people hat Yammer employed when Microsoft acquired it, now that they can't get equity stakes in a hot up-and-coming startup. "Microsoft is intent on keeping Yammer's talent," Sacks said. "They want to maintain our innovation. Microsoft pays quite well. So far retention has been very good. We've had to make sure the compensation picture is right and there are multiple currencies we can use now." For instance, Microsoft routinely grants employees stock awards—grants of shares which vest over time. (These are less subject to the ups and downs of the stock market than stock options: For example, stock awards can't go "underwater" and lose all their value as options can.) Sacks also insisted that Yammer is still a really fun place to work, which is just as important for attracting top talent and keeping them. He was wiling to prove it, sharing photos with us of Yammer's most recent Hack Day. Hack Days happen about every three months or so. It's a big 24-hour coding party where people come up with new features or idea for the business, and then present them to the crowd. This one was held on September 5, a month and a half after Microsoft completed the acquisition. It included 115 participants across 65 teams, including a group of engineers from Microsoft. View As: One Page Slides Take a look at what it looks like to work at a startup acquired by Microsoft → » More: Features Yammer Microsoft Acquisition David Sacks Adam Pisoni 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 This Is Microsoft? Check Out The Macs, Hacks, And Groovy Slacks This Is Microsoft? Check Out The Macs, Hacks, And Groovy Slacks Yammer shows its independent side. 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 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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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 Email icon An envelope. It indicates the ability to send an email. 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. 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 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: Goldman Sachs just sent out this quiz to clients — see how many questions you can get right NOW WATCH: Goldman Sachs is telling its multimillionaire clients not to worry about valuations or inflation 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. 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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Uber Considering Buying Deliveroo Food Delivery Startup 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 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. Insider Intelligence Uber is eyeing EU consolidation with Deliveroo Nicholas Shields 2018-09-24T14:11:00Z 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 This story was delivered to Business Insider Intelligence Transportation & Logistics Briefing subscribers hours before it appeared on Business Insider. To be the first to know, please click here.Ride-hailing titan Uber is in talks to acquire London-based food delivery startup Deliveroo, according to Bloomberg. The discussions are still preliminary, but a deal would be worth north of $4 billion, the Financial Times reports. If the deal is finalized, Deliveroo could remain an independent subsidiary. A deliveroo worker cycles along a pedestrianised road in Liverpool Thomson Reuters The talks show that Uber is honing in on the European market to further accelerate its fast-growing food delivery service.The acquisition would help Uber solidify its market position in the European on-demand food delivery space. Deliveroo operates in about 200 cities on four continents, but 100 of those cities are in the UK and many of the others are throughout continental Europe. In the UK, for instance, a combined front would give UberEats and Deliveroo a 16% market share, according to Priori Data cited by the Financial Times. While that's still dwarfed by market leader Just Eat's 83% share, it would still give the newly formed company solid footing to compete in the space.The deal would show Uber's commitment to its rapidly growing food delivery business. Since launching in 2016, UberEats has been immensely successful. The business unit doubled its sales between August 2017 and February 2018, making it the fastest growing food delivery service in the US, according to Second Measure. Earlier this year, CNBC reported that UberEats was profitable in 40 US cities — a significant accomplishment given that Uber still loses millions of dollars on a quarterly basis. Today, UberEats operates in over 293 cities, 35 countries and 6 continents, delivering food from more than 100,000 restaurant locations.More broadly, the acquisition would further indicate that the global on-demand food delivery space is maturing. Rising consumer interest in on-demand food delivery continues to fuel expansion. Morgan Stanley Research projects that $32 billion in US restaurant sales will come from delivery orders by 2022, or about 11% of total sales, up from only 6% last year.That could fuel further consolidation of delivery players — Postmates and Doordash reportedly considered a merger earlier this year in an effort to contend with the rapid ascent of UberEats. Subscribe to a Premium pass to Business Insider Intelligence and gain immediate access to: Content like this delivered straight to your inbox daily Access to 250+ expertly researched reports plus all future reports Forecasts of new and emerging technologies in your industry And more! Learn More   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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SmartMoney.com Editor Leaves After Dow Jones 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 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. Entertainment SmartMoney.com Editor Leaves After Dow Jones Acquisition Gillian Reagan 2010-03-23T21:45:00Z 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 Dow Jones recently took over Hearst Corporation's 50% stake in SmartMoney, the finance magazine and website.Now SmartMoney.com editor Tom Weber is leaving the company. He emailed his farewell to staffers, "I’m writing to let you know that I’ve decided to leave SmartMoney.com," according to the memo sent to Talking Biz News. "With the purchase by Dow Jones, the future at SmartMoney.com has never looked brighter. But it also means there will be a different set of challenges ahead, and that makes this an appropriate point for me to move on."We asked Dow Jones reps. if there will be layoffs now that the Smart Money teams are combining under their roof and are waiting to hear back. We'll update here. 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. More: People Magazines Dow Jones Money Media Hires And Fires 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 @ 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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Skype Acquires GroupMe 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 Skype Buys Year-Old GroupMe For $85 Million, Jumps Into Group Messaging Alyson Shontell 2011-08-21T22:11:00Z 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 Read in app Redeem now Skype is buying year-old group-messaging startup GroupMe TechCrunch reports. Tricia Duryea at All Things D says the buyout price is $85 million.GroupMe will remain independent and in New York. The deal is a huge win for the company and its early backers, including Lerer Ventures, Betaworks, and First Round Capital.This comes just after the startup's first birthday.  GroupMe was founded by Steve Martocci and Jared Hecht. It has secured roughly $11 million in funding from Betaworks, SV Angel, First Round Capital, Lerer Ventures, General Catalyst Partners and Khosla Ventures.GroupMe sends more than 100 million texts per month and has a few million users. It has also been partnering with major brands like Oxygen. The two companies have been in talks for a few months, says Skype CEO Tony Bates.  "The GroupMe team has created an incredibly sticky group messaging experience that works across mobile devices and platforms, making this a perfect addition to to the voice, video and text products in the Skype family," says Bates.Bates hints that Skype will use GroupMe's technology in tandom with mobile video provider Qik, which Skype acquired earlier this year.It's a smart move for GroupMe, which was facing competition from Facebook messages, Apple's iMessage, and Google+.To learn how GroupMe got to where it is today, check out A Year In The Life Of An $11 Million Startup, GroupMe >> 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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Sometimes Larry And Sergey Don't Tell Eric Schmidt About Google's Acquisitions Till Later - Business Insider Featured Trending Recent Login Remember me I forgot username or password Login with Twitter Login with Facebook Login with LinkedIn Login with Google Register Events BI Intelligence Tech Finance Politics Strategy Life Entertainment All Tech Enterprise Science 15 Hidden iOS 7 Features Apple Didn't Tell You About 10 Examples Of What A Camera Shooting 60,000+ Frames Per Second Can Do 6 Things Everyone Thinks The iPhone Can Do That It Actually Can't The Social Media Advertising Ecosystem Explained Six Months After Coming Out Of Stealth, EMC Has Reportedly Bought... Google Engineering Director Kurzweil Says Immortality Is Just Around The... Microsoft Sued For Allegedly Using Armed Cops In Software Piracy Raid Silicon Valley Is Building A New Generation Of Apps That Know What You... 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Tech More: Online Big Tech Google Mergers And Acquisitions Sometimes Larry And Sergey Don't Tell Eric Schmidt About Google's Acquisitions Till Later Nicholas Carlson Oct. 7, 2009, 2:43 PM 20,302 8 Email More Share on Tumblr Tweet Email Share on Tumblr   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 > Share Email More Share on Tumblr 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=4acce1590000000000ef3b56&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=4acce1590000000000ef3b56&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=4acce1590000000000ef3b56&amp;width=300&amp;height=430" width="300" height="430" border="0" frameborder="0"></iframe> Alerts Newsletter Recommended For You More: Online Big Tech Google Mergers And Acquisitions Get Alerts for these topics » Nicholas Carlson HOT: The iPhone's New Back Button Has The Former Design Director Of The New York Times Pretty Upset Advertisement: Comments Comments on this post are now closed. Apply To Be An "Insider" » Insiders 0 All Comments 8 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?" 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Amazon Buying, Acquiring Whole Foods for $42 a Share 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 Amazon is buying Whole Foods for $13.7 billion Bob Bryan 2017-06-16T13:04:26Z 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 Shoppers at a Whole Foods. AP Amazon is buying Whole Foods.The online giant said Friday it was buying the high-end grocer for $42 a share in an all-cash deal, valuing the company at $13.7 billion. Shares of the grocer were trading at $33.06 before the deal was announced, so the deal represents a 27% premium on its Thursday closing price."Millions of people love Whole Foods Market because they offer the best natural and organic foods, and they make it fun to eat healthy," Amazon CEO Jeff Bezos said in a press release. "Whole Foods Market has been satisfying, delighting, and nourishing customers for nearly four decades — they're doing an amazing job, and we want that to continue."The activist investor Jana Partners took a 9% stake in Whole Foods in April and pushed the company to look into strategic options including a sale.In October, reports surfaced that Amazon was planning to build grocery stores. The company has built physical retail locations for books. This is also the largest deal ever for Amazon, outpacing its acquisitions of Twitch for $970 million in 2014 and Zappos for $850 million in 2009."This partnership presents an opportunity to maximize value for Whole Foods Market's shareholders, while at the same time extending our mission and bringing the highest quality, experience, convenience, and innovation to our customers," Whole Foods CEO John Mackey said in the release.According to the release, Whole Foods will continue to operate under its name, and Mackey will stay on as CEO of the brand.Mackey had called activist Jana Partners "greedy bastards" in an interview released on Wednesday. "These guys just want to sell us, because they think they can make forty or fifty percent in a short period of time," Mackey told Texas Monthly's Tom Foster. "They're greedy bastards, and they're putting a bunch of propaganda out there, trying to destroy my reputation and the reputation of Whole Foods, because it's in their self-interest to do so."The deal will be funded partly through debt financing from Goldman Sachs and Bank of America Merrill Lynch, Amazon said. It's pending approval by the Securities and Exchange Commission.Whole Foods would also pay a $400 million termination fee to Amazon if the grocer received a better offer or the board of directors pulled the company out of the deal.Following the news of the acquisition, Amazon shares were up over 3.5%, at $997.67, as of 10 a.m. ET. Whole Foods was halted. Sign up for notifications from Insider! Stay up to date with what you want to know. Subscribe to push notifications Read next 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. NOW WATCH: Scott Galloway explains exactly why Amazon would buy Whole Foods (when he predicted it last month) Whole Foods Amazon 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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Why Accenture Acquired Karmarama 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 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 Accenture explains why it just bought ad agency Karmarama Lara O'Reilly 2016-11-29T13:59:55Z 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 Brian Whipple, head of Accenture Interactive Accenture Management consulting firm Accenture announced it had acquired UK advertising agency Karmarama on Tuesday.Speaking to Business Insider, Brian Whipple, who heads the Accenture Interactive unit — which was named by AdAge as the world's biggest and fastest growing digital agency network in 2016 — said Karmarama will help set it apart from competitors like IBM, Deloitte, and the services offered by advertising holding companies. Now Accenture can help design customer experiences, build them, run them, and have an agency to lead on creative. Karmarama works with clients including the BBC, Honda, and Unilever and is one of the UK's biggest independent creative agencies.Jon Wilkins, who is Karmarama's executive chairman and will take on an additional leadership role within Accenture Interactive following the acquisition, told Business Insider he never wanted to sell the business to a classic advertising holding company where all the benefits of its independence could be stifled. By contrast, he described Accenture Interactive as one of the most "entrepreneurially minded businesses" he had come across.The financial terms of the deal were not disclosed.This interview has been lightly edited for length and clarity. Business Insider's Lara O'Reilly: What was the appeal of Karmarama to Accenture?Brian Whipple (Accenture): We are laser-focused on helping clients create the best customer experiences on the planet.While we are in that today, having Jon's team as part of the family vastly increase our ability to do that in the bleeding edge and I look forward to tapping the team across a network of opportunities.[Karamarama is a] media agnostic, technology agnostic, experience-first philosophy agency concept. Technology, commerce, content management, and advertising are all about enabling the new customer experience not leading with [a specific media]. O'Reilly: Management consulting firms tend to be client focused, whereas creative agencies — arguably — have more of a focus on the consumer. Will this acquisition help you on that front too?Whipple: Accenture Interactive is specifically focused on the interaction between the client and the end consumer, and not on clients per se. So that may be different from your consulting firm description. Accenture Interactive is in no part a consulting firm — our parent entity is, but that is not what the Accenture Interactive business model or culture is.We are focused on bringing brand promise to life through the customer experience.Jon Wilkins (Karmarama):  An interesting find for us that we have detected from consumer point of view and the CMO point of view is the desire to create one connected experience. If you look at the way CMOs' careers are evolving, the ones that have reached the pinnacle are those that have created a system to connect tech and digital experience with the brand and we think that is the battleground The Karmarama team: Sid McGrath (Chief Strategy Officer), Nik Studzinski (Chief Creative Officer), Jon Wilkins (Executive Chairman) and Ben Bilboul (Chief Executive Officer). Karmarama From a consumer perspective, it's the current weak link. A project Karmarama has been doing, Project Reconnect, which is championed WFA (World Federation of Advertisers), looks at the long term trends of brand awareness, engagement, and trust. All those metrics show a decline in brands' ability to truly connect. The number one issue is a lack of connection in digital experience and brandWe see bleeding edge demands being placed on the CMO by consumers who are now voting with ad blockers and other avoidance techniques to demand more from brands and CMOsO'Reilly: Independent creative agencies are usually favored by clients for exactly that: their independence. When independent agencies get bought, they can sometimes lose some of the magic and some of the risk-taking they were afforded by being independents. Is that received wisdom true? How are you going to prevent that from happening?Wilkins (Karmarama): I think it can be true — definitely if we had gone into a classic marketing services holding company, there are two things that tend to happen.One: Management have selfish endeavors around their earn-out that forces them to become, maybe, greedy. And also they tend to work in silos and that can lead to a lack of entrepreneurialism.These are things we didn’t want to happen to our brand. Within Accenture, we are very much agnostic, as Brian said. I think we can challenge ourselves to continually strive to bring new exciting ways to communicate with customers on behalf of CMOs.I don’t think I’ve ever come across a more entrepreneurially-minded business than Accenture Interactive. When it comes to identifying business growth opportunities, they are different to the classic holding company.Whipple (Accenture): Our bread and butter business is less about responding to client RFPs (requests for proposals) or AOR (agency of record) pitches. I'm not saying we don’t do that but the real play for us is bringing new business models entirely, new revenue streams entirely to our Fortune 2,000 clients.It's less about will they go with us versus agency X or Y and more about will they partner with us to create this new business. Wilkins (Karmarama): Accenture Interactive is very entrepreneurial and we found this very exciting.As an independent you can’t do, however ambitious you are, you don’t have logistics, scale, and breadth of business to go to these companies and help them grow their business.We think we are going to be more entrepreneurial with Accenture Interactive. We are not just batting for ourselves: it's a bigger market opportunity.O'Reilly: Accenture Interactive acquired design agency Fjord in 2013, which seems like a similar deal in terms of bringing on board new creative expertise. How has the integration gone and how to you bring Fjord to the table when you are speaking to clients? Olof Schybergson is the CEO of Fjord, the design agency acquired by Accenture Interactive in 2013. Fjord Whipple (Accenture): The Fjord deal has been amongst the most visible and most successful in Accenture Interactive's history. We are fortunate to have a strong track record amongst most or all of our acquisitions and Fjord is at the top of that. Fjord is top of mind for our executives across the globe, and it has opened up major service design capabilities in Sao Paulo, Sydney Australia, and all major markets in Western Europe and North America.Adding Karmarama from creative standpoint will only bolster that, and sit side by side from a service design perspective. We have an Accenture Interactive team that has deep tentacles reaching into the technology capabilities of Accenture to shepherd creative talent and that's critical.We are not just another player in this ecosystem. We didn't buy Karmarama to take their earnings and distribute them to shareholders — it's about creating synergy for clients. Conceptually, this is the same play [as Fjord.]O'Reilly: From the outside looking in, there now seems to be lots of entities offering a similar type of service. There's Accenture Interactive, IBM's huge iX digital agency, and Deloitte Digital and its acquisition of creative agency Heat. Then on the holding company side, you have Publicis Groupe acquiring Sapient and reorganizing to offer clients "digital transformation" services and WPP reorganizing its businesses around a concept called "horizontality," where clients can take a mixture of digital, data and creative services. What makes you different?Whipple (Accenture): It's a fair question and I would propose to you that they are very dissimilar things. For starters, a number of the companies you mentioned, which are all well run, strong organizations are essentially a collection of different agencies. Yes, there are press releases about grouping them together, but they are a founder-based culture, so their go to market strategy is different.I have one global management team and we go to market as Accenture Interactive. It may be that Fjord offers service design and Karmarama is in a similar brand space, but the Accenture Interactive team all has 100% aligned incentives, without separate founder incentives at all.What's also completely different is that while we are about designing customer experiences, we are also equal parts about running, enabling, and managing these customer experiences for clients.It's not just abut building it and turning it over to them, it's often about running the assets and technology, where we would have a relationship with clients that would probably be 10-20x in size of what a traditional player would have. It's a multi-year, retention-based relationship partner model. Accenture Interactive offers clients these services Accenture Interactive O'Reilly: But isn't that what iX and Deloitte offer?Whipple (Accenture): I don’t comment on competitors usually. iX is largely a piece of front-end design born through the WebSphere of tech. Deloitte is also a strong firm but does not have nearly the global reach of Accenture Interactive, nor specifically the footprint that Accenture Interactive has in the share of mind with CEOs, and CIOs, and now CMOs.I'll give you an example. When you get in the client room and they say: We have to come up with a campaign and we have to do that in an innovative way that attracts new customers and creates profitable relationships in lasting way and a new revenue stream for us.When that happens, a number of providers all raise their hand and say: "We can do that for you, here are five ideas."Then the client says: "We need that done and implemented in this particular commerce tech, across the Adobe marketing stack, and executing with our back-end campaign systems."  Then 15 or so arms in air go down to three very quickly.Then the client says: "And we need to version this in 20 languages, across 50 different countries."Most of the arms go down.Then the client says: "We need you to manage it for us because it's impossible for us to manage content and version content with software releases, government regulations, and privacy and permission restrictions." That, pretty much, is our business model.We lead with definition of customer experience but by the time you have multi-national complex management pursuits it takes world class organization like Accenture to pull that off for the client Good karma this way” – the entrance to Karmarama in London, UK. Karmarama O'Reilly: Jon, have you been shopping Karmarama around for a while and were there other suitors?Wilkins (Karamara): Amazingly, we haven’t been shopping around for a while. But because we are quite big and independent, there has been a lot of independent interest.There was never any desire amongst management to sell the business. We are a pretty soft company with some really good values. The term management used is to "steer the ship in the best waters for future." It's another exciting journey for everyone involved. We told everyone today and people ar really excited and happy about the company.We would have never sold to a classic marketing services group. That had zero appeal amongst management and leadership here. This was an opportunity to really challenge the model. The whole agency model needs shaking up and this is it.O'Reilly: What do you mean by a "soft company"?Wilkins (Karmarama): This business has never been about commercial pursuit. A lot of my former colleagues and peers set up agencies with sole aim of exiting and making money. The thing that brought us together with Accenture Interactive was our cultural fit as over time we realized we share a lot of values: the way we treat staff, customers, the mark we want to leave on society. We have always had loftier maybe stranger pursuits. 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. 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Report: Meta's Giphy Acquisition Set to Get Blocked by Regulator 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 Meta's acquisition of Giphy is set to be blocked by an antitrust regulator, report says Isobel Asher Hamilton 2021-11-29T12:36:26Z 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 Meta CEO Mark Zuckerberg. Alex Wong/Getty Images Redeem now The UK's antitrust regulator is set to block Meta's acquisition of Giphy, sources told the Financial Times. Meta — formerly Facebook — announced in May 2020 that it was acquiring Giphy. The regulator said in a provisional finding it believed the merger would harm competition.  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. Meta — the company formerly known as Facebook — is set to have a major acquisition blocked by the UK's antitrust regulator, per a report from the Financial Times.Sources familiar with the matter told the FT that the UK Competition and Markets Authority is expected to reverse Meta's acquisition of Giphy in the coming days.The FT did not specify when the announcement would be made, but the CMA has a deadline of December 1 to issue its decision. Facebook announced in May 2020 it was acquiring Giphy for $400 million. Antitrust regulators in the UK and Australia announced a month later that they were scrutinizing the deal. The CMA's initial enforcement order stopped Facebook from integrating with Giphy while it conducted the probe.The CMA issued a provisional finding in August 2021 saying the merger would harm competition, and that the only effective remedy would be for Meta to sell Giphy. In that finding, the CMA said control over Giphy could give Facebook an unfair advantage over rival social media platforms such as Snapchat and TikTok which also use Giphy. It also argued that the merger would remove Giphy as a potential competitor to Meta in the display advertising industry.Although Meta and Giphy are both US companies, the CMA has jurisdiction over any acquisition where the combined parties control over 25% of a particular good or service supplied in the UK. The CMA said that, together, Meta and Giphy would control an 8o-90% market share of searchable animated sticker libraries. The CMA fined Facebook $70 million in October this year as part of its probe, saying the company had not provided enough information about how it continued to compete with Giphy. Facebook objected to the fine, saying it was doing its best to comply with the CMA's requirements.Meta did not immediately respond when contacted by Insider for comment on the FT's report. The CMA declined to comment when contacted by Insider.Prof. Greg Taylor, an associate professor of economics at the Oxford Internet Institute, said it's within the CMA's powers to block the acquisition entirely. He added the CMA could also choose to block certain parts of the deal.If the CMA enforces against Meta's acquisition, Taylor said it will mark a turning point for Big Tech companies. "Outside of the tech world, mergers get investigated all the time and it's not that unusual for them to be blocked or to have some sort of remedy imposed upon them. Within specifically the tech sphere, there's been almost no major intervention to prevent the merger by one of the major tech firms, despite the fact that, collectively, they've acquired hundreds of firms in the last couple of decades," Taylor told Insider."The first time that we see such a merger blocked, it's really, I think, drawing a line in the sand," he added.Meta has come under increased antitrust scrutiny from lawmakers along with other Big Tech companies over the past few years, and in July 2020 Rep. David Cicilline chair of the US House antitrust subcommittee said the company should be broken up over "classic monopoly behavior."Earlier this month, founders of a photo app called Phhhoto filed a lawsuit claiming Facebook cloned and crushed their app after initially offering a partnership. 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: Facebook Meta Giphy More... 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 @ 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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11 Companies That Tried to Acquire Facebook When It Was a Startup 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 11 companies that tried to buy Facebook back when it was a startup Nicholas Carlson 2016-01-11T15:28:00Z 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 AP Facebook now has over 1.5 billion monthly active users. According to The Facebook Effect, David Kirkpatrick's book about the company was founded, Facebook was a very popular M&A target.As early as 4 months after Facebook's inception, people with money and people representing companies with money began lining up to beg Facebook cofounder and CEO Mark Zuckerberg to take their cash and sell the company.Obviously, Zuckerberg turned all their offers down. But some offers were much more tempting than you probably realize. In June 2004, an unnamed financier offered $10 million Facebook, then TheFacebook.com, went live in February 2004. Just four months later and prior to any outside investment, a 20-year-old Mark Zuckerberg fielded a $10 million offer from an unnamed New York financier."He didn't for a minute think seriously about accepting," writes David Kirkpatrick in The Facebook Effect. Friendster also tried to buy Facebook According to some documents Business Insider has seen, one early bidder for Facebook was Friendster. But the deal was dependent on Friendster raising another round before Facebook got big on its own. Never happened. In the summer of 2004, Google came knocking bragadocchio Mark and his Harvard dorm-mates rented a house in leafy Palo Alto during the summer of 2004.It wasn't long before "a couple of Google executives came over to see if there might be a way to work with or even buy TheFacebook," Kirkpatrick reports in The Facebook Effect. In March 2005, Viacom plopped $75 million on the table During Spring 2005, Facebook (still TheFacebook) was talking to The Washington Post Company about an investment.Out of nowhere, Viacom offered $75 million to buy the company.Mark would have earned $35 million on the spot, reports Kirkpatrick.Instead, then Facebook president Sean Parker used the offer to haggle better terms out of the Post (which eventually got scooped on the deal by Accel Partners anyway.) Before selling to News Corp in 2005, MySpace wanted to buy its upstart rival In the spring of 2005, MySpace CEO Chris DeWolfe visited Mark and his team to "put out feelers about possibly buying TheFacebook," Kirkpatrick reports.Mark, his president Sean Parker, and adviser Matt Cohler met with Chris, "but only because they thought he was an interesting guy and they were curious about MySpace." A half year later, MySpace's new parent company News Corp had the same idea In January 2006, then News Corp digital boss Ross Levinsohn flew Mark Zuckerberg and one of his top advisors, Matt Cohler, to Los Angeles.Ross wanted to buy TheFacebook, but he worried it might not keep up its growth."That's the difference between a Los Angeles company and a Silicon Valley company," Mark says in The Facebook Effect, "We built this to last, and these guys [at MySpace] don't have a clue." Viacom came back in Fall 2005 Viacom hadn't given up on Facebook yet in late 2005. Focus groups told them that MTV viewers were spending more and more time on the site.So that fall, Mark flew to New York to meet with CEO Tom Freston.Tom pitched all kinds of synergies between MTV and Facebook. Mark wasn't interested. "It was a no-thank-you meeting," a source tells Kirkpatrick. NBC met with Facebook in 2005 Kirkpatrick doesn't offer many details, but apparently NBC execs stopped by for a peek in 2005. Desperate Viacom came back one last time in 2006 In early 2006, MTV boss Michael Wolf stopped by Facebook one last time. Zuckerberg told him he thought the company was worth $2 billion.A couple weeks later, Viacom sent Facebook a $1.5 billion offer – $800 million in cash up front, the rest a payout later.Facebook almost sold, according to The Facebook Effect, but it wanted a bigger upfront payment. Viacom's CFO was nervous about paying so much for a company with such small revenues. The deal fell apart. Viacom never came back. In June 2006, Yahoo decided it had to have Facebook In the summer of 2006, Yahoo decided to offer Facebook $1 billion.Facebook's investors and many of its executives wanted to sell.But Facebook was about to launch the News Feed, and if it went well, Mark Zuckerberg figured the company would be worth way more than a $1 billion.In any event, Yahoo lowered its offer to $850 million after announcing horrible Q2 earnings. Facebook's board took 10 minutes to reject the lowered offer, according to The Facebook Effect, In 2006, AOL also took a hard look at Facebook AOL CEO Jonathan Miller decided he wanted to buy Facebook in the middle of 2006.He even convinced Time Inc. CEO Anne Moore to come in on the deal before he took it to AOL's parent company, Time Warner. His plan: AOL would sell MapQuest and Tegic. Time Inc would sell IPC. Together they'd offer $1 billion plus.Time Warner CEO Jeff Bewkes nixed the idea. Kirkpatrick writes, "He said if they could live without those properties they should go ahead and sell them, then turn the cash over to the parent company." Yahoo came back in fall 2006 In the fall of 2006, Yahoo came back to Facebook and suggested it would pay $1 billion or more.But by then, Facebook had opened the site to people beyond college and high school students.Registrations were up from 20,000 a day to 50,000 a day, Kirkpatrick reports. Even eager-for-an-exit VC and Facebook investor Jim Breyer was OK with passing on the deal.One guy who wasn't, Facebook COO Owen Van Natta, was also not long for the company. Tim Armstrong convinced Google's board to let him bid for Facebook in 2007 In fall 2007, Google's top ad salesman Tim Armstrong convinced the company's board to let him pursue a deal in which Google would serve Facebook's international ads."The board even approved talks about buying [Facebook], if it made sense," writes Kirkpatrick. Google never got the deal, but its offer to invest in Facebook at a $15 billion valuation  would re-shape Mark Zuckerberg's company forever. "Why don't we just buy you for $15 billion?," Microsoft's CEO asked Mark Zuckerberg Associated Press Determined to keep Facebook away from Google, Microsoft CEO Steve Ballmer offered to buy the company in 2007.  Steve knew Mark would never relinquish control over Facebook, so he came up with a deal based on Hoffman-LaRoche's acquisition of Genentech.Kirkpatrick explains, "Microsoft [would] acquire a small stake in Facebook at a $15 billion valuation. Then, Microsoft would have the option, every six months, to buy another 5 percent of Facebook. A complete takeover of the company would take 5 to 7 years."The acquisition never happened, but Microsoft did buy 1.6% of Facebook for about $250 million. That deal, which set Facebook's value at $15 billion, stipulated that Facebook would have to give Microsoft notice if it ever began to take a buyout offer from Google seriously. According to The Facebook Effect, Facebook never fielded any more offers… One reason: Microsoft's $247 million investment, which set Facebook's value at astronomical $15 billion, stipulated that Facebook would have to give Microsoft notice before it ever considered a buyout offer from Google – just about the only other company in the world that could pay so much for a tech startup with no revenues.If Facebook ever sells (to anyone besides the public in an IPO), it'll be to Microsoft or to a company that made an offer Microsoft chose not to match. 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. Facebook The Facebook Effect David Kirkpatrick More... Listen to The Refresh, Insider's real-time news show 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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Walmart's Acquisition of Jet.com Gave It a Huge E-Commerce Boost 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. Retail Walmart's $3.3 billion acquisition of Jet.com is still the foundation on which all of its e-commerce dreams are built Dennis Green 2019-06-13T19:33:56Z 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 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 Jet.com will keep its Hoboken, New Jersey, headquarters. Sarah Jacobs/Business Insider Redeem now Walmart bought hot e-commerce startup Jet.com in a $3.3 billion deal in 2016.Now, Walmart is folding all Jet employees in to the rest of its e-commerce operations, while retaining the Jet brand.While Jet has struggled to thrive in the niche Walmart wanted it to fill, the acquisition has still played a fundamental role in the strong growth of Walmart.com.Visit Business Insider's homepage for more stories. 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. Walmart shocked the world when it bought hot e-commerce startup Jet.com in a $3.3 billion deal in 2016. CEO Doug McMillon hailed it as a new era for Walmart."Together, both Jet.com and Walmart.com will be able to leverage each other's assets to grow the ways we serve customers," he wrote in a Walmart blog post as the deal closed.Some still scratched their heads. One analyst joked that Walmart was " lighting money on fire." After all, Walmart already had a website that was directed at a mass population. How would Walmart.com and Jet.com work together? Would they inevitably clash?Over the next three years, it was something of a tale of two websites. Walmart.com surged, adding millions of items to its selection and growing e-commerce sales 40% in 2018.At the same time, Jet was refocused on serving a much smaller niche: the urban millennial consumer, which Walmart has historically found hard to reach. The site subsequently saw falling traffic and sales as it tightened its focus. According to Kantar estimates cited by Reuters, Jet's sales shrunk to $689 million in 2019, down from the $1 billion it forecasted in 2016.Now, the rest of  Jet's retail, marketing, technology, analytics, product, and other teams are being integrated into the larger Walmart teams, and the Jet president role will be eliminated, Marc Lore, president and CEO of Walmart e-commerce US, wrote in a blog post. Read more: Jet's president will step down as Walmart overhauls the site it acquired for $3.3 billionJet.com will still be around. The brand will be kept up, and it will still work on partnerships with brands like Nike. It's easy to look at the Jet acquisition as if it hasn't met the lofty promises of 2016. But in fact, Walmart's and Jet's teams have been working together very tightly already, and Jet technology and talent has played a huge role in the online success Walmart has experienced.The first and most obvious example of this is the cofounder of Jet, Lore himself. He moved over to head e-commerce when the acquisition closed, and since then he has overseen a number of success stories at Walmart, from growth of Walmart.com sales to the runaway success of grocery pickup. But two other Jet cofounders are still with Walmart in prominent roles. Nathan Faust, formerly Jet's COO, heads up supply chain for Walmart US e-commerce, and Mike Hanrahan, who was Jet's CTO, is now the head of Walmart's Intelligent Retail Lab, the tech-infused Walmart store in Long Island, New York.Jet's team has also functioned as a launching pad for innovations that have enabled Walmart to better compete with Amazon, including two-day shipping."Our combined supply chain team has retooled fulfillment centers and mirrored inventory," Lore wrote in the blog post announcing the newest change. "This initially led to two-day free shipping, and more recently, free NextDay Delivery." Sign up for notifications from Insider! Stay up to date with what you want to know. Subscribe to push notifications Read next NOW WATCH: Expect Amazon to make a surprising acquisition in 2018, says CFRA Walmart Jet.com Marc Lore More... 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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Brandwatch Is Acquiring Influencer Marketing Company Paladin Software 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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Copy Link Download the app Ulrik Bo Larsen, president of Brandwatch Brandwatch This story is available exclusively to Insider subscribers. Become an Insider and start reading now. Cision-owned Brandwatch is acquiring influencer marketing company Paladin Software. Brandwatch can now offer TikTok-related services, as the social media platform catches fire. This acquisition allows Brandwatch to better compete with industry rival Meltwater. Consumer intelligence company Brandwatch is acquiring influencer marketing platform Paladin Software, said Brandwatch president Ulrik Bo Larsen.Terms of the deal, expected to close in the first quarter, weren't disclosed and Larsen declined to say what Paladin's annual revenue is.Founded in 2016, Paladin's software is designed to help advertisers and creator networks manage their relationships with influencers. It lets them store contracts, manage payment, and measure campaign performance among other features. Its clients include media companies like Webedia and studios like Awesomeness TV, according to its website. Paladin also gives Brandwatch an opportunity to grab business from the uber-popular social media platform TikTok. While Brandwatch inherited influencer marketing tools when it bought BuzzSumo in 2017, none of those tools work with the TikTok platform.Having technologies that plug into TikTok is now critical for vendors like Brandwatch, as users and advertisers flock to it. Insider Intelligence predicts TikTok will approach one billion monthly active users by 2025. Brandwatch plans to accelerate Paladin's TikTok offering to go beyond influencer management, Bo Larsen said, gearing up to release other TikTok capabilities around social monitoring, measurement, and content analysis.And Brandwatch needs to own these tools as it's facing tight competition from companies like Sprout Social and Meltwater, both of whom provide services for TikTok marketing campaigns.And Brandwatch still has a tough road ahead integrating Paladin. Brandwatch's parent company Cision, which funded the acquisition, is struggling through tremendous turnover in its leadership ranks — its CEO Abel Clark left the company last week. Clark spearheaded Cision's acquisition of Brandwatch, which gave the PR juggernaut a big social media business, but his departure leaves that strategy in a state of uncertainty. Sign up for notifications from Insider! 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InMarket Acquires Location-Based Marketing Firm NinthDecimal 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. Advertising Two of the biggest names in location targeting lay out how they plan take on big rivals like Foursquare and help marketers fend off privacy concerns Lauren Johnson 2020-09-11T14:20:00Z 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 Nick Bastone/Business Insider This story is available exclusively to Insider subscribers. Become an Insider and start reading now. Location-based marketing firm InMarket has acquired NinthDecimal in a bid to take on big rivals like Foursquare. The two companies have combined annual revenue of $100 million and aim to build a large location business to help marketers buy, track, and measure ads. Data privacy laws and regulation have put location-based marketing under scrutiny, though InMarket argues that being app-based gives it an advantage over other firms. Visit Business Insider's homepage for more stories.  Digital ad firm InMarket is acquiring NinthDecimal amid growing scrutiny over how companies track consumers.The companies are two of the bigger names in the location-based advertising space. InMarket works with brands to buy and target location-based ads within publishers' apps. NinthDecimal sells tools to clients like Pinterest that track the performance of their ad campaigns.InMarket declined to say the price of the acquisition. Combined, the two companies say that they have $100 million in annual revenue with 200 employees.A few years ago, dozens of firms pitched marketers the ability to target ads to people based on their location. But advertisers are looking to work with fewer firms, which has led some of those firms to consolidate. Location rival Foursquare for one acquired Placed and Factual in the past year.Location tech is under growing scrutiny from regulatorsData privacy laws like the California Consumer Privacy Act and Europe's General Data Protection Regulation are clamping down on how companies collect and share people's data. Location firms that track where consumers go have come under particular scrutiny when consumers do not know that their location is being tracked.Todd Dipaola, CEO and founder of InMarket, argued that InMarket's focus on apps makes it better positioned to survive scrutiny than other firms, though.Unlike websites, apps require consumers to opt-in to share their data in the form of downloading an app or agreeing to privacy policies before they can access the app, or choosing to allow for an app to use location data.The coronavirus has also thrown a wrench into location-based marketing as advertisers pull spending and people spend time at home. NinthDecimal CEO Michael Fordyce said that the deal with InMarket was in place before the coronavirus. InMarket saw a boom in business during the pandemic with people stocking up on items at grocery stores and buying groceries online."There might be fewer trips to the store, but people are buying way more than they ever were before," said InMarket's Dipaola.Dipaola said that InMarket and NinthDecimal's products do not overlap and that only 2% of combined revenues come from the same clients. In addition to NinthDecimal, InMarket acquired location tech firm ThinkNear last year. Most NinthDecimal's employees including leadership will join InMarket, said Fordyce."The space is a wide one and that was what we saw as a huge opportunity," said InMarket's Dipaola. "We're not competing in the same space for the same business." 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: Meet the 17 advertising and marketing startups that investors are betting on this year, even as the pandemic crushes the ad industry Deal icon An icon in the shape of a lightning bolt. For you NOW WATCH: Apple, Google, 23andMe, and others are fighting COVID-19, from wearables to faster CT scans to contact tracing More: location advertising Ad Tech Advertising Marketing privacy regulation Advertising Agencies 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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Salesforce Buys A Startup For $326 Million To Compete With Its Latest Investment Seesmic http://www.businessinsider.com/salesforce-radian6-acquisition-seesmic-2011-3/comments en-us Wed, 31 Dec 1969 19:00:00 -0500 Wed, 29 Jun 2016 11:24:53 -0400 Pascal-Emmanuel Gobry http://www.businessinsider.com/c/4d94ded049e2aea248260000 Jane Klausen Thu, 31 Mar 2011 16:06:40 -0400 http://www.businessinsider.com/c/4d94ded049e2aea248260000 We think this acquisition demonstrates the real value of social media monitoring and the value it brings to enterprises as they try to make sense of how social conversations impact their brands. It’s also clear that there’ll be more acquisitions as this market continues to shake out and Salesforce’s competitors start to look for partnering opportunities in the monitoring space. --Jane Klausen, Visible Technologies http://www.businessinsider.com/c/4d935329cadcbbd436590000 Joe Ciarallo Wed, 30 Mar 2011 11:58:33 -0400 http://www.businessinsider.com/c/4d935329cadcbbd436590000 Hi Jan - Good question. We actually provide very different services from what Radian6 provides. Check out this list: http://www.web-strategist.com/blog/2010/03/19/list-of-social-media-management-systems-smms/ Cheers, Joe from Buddy Media http://www.businessinsider.com/c/4d933f754bd7c8a939650000 Anthony J. Wed, 30 Mar 2011 10:34:29 -0400 http://www.businessinsider.com/c/4d933f754bd7c8a939650000 It seems Salesforce is a force to be reckoned with. http://www.businessinsider.com/c/4d9329a6cadcbb7b32110000 DNN Wed, 30 Mar 2011 09:01:26 -0400 http://www.businessinsider.com/c/4d9329a6cadcbb7b32110000 Marc Benioff just doesn't seem to stop at pretty much anything. You gotta give the guy his props, for starting a billion dollar business, out of a 1-bedroom apartment. http://www.businessinsider.com/c/4d9323ccccd1d5752a260000 Jan Wed, 30 Mar 2011 08:36:28 -0400 http://www.businessinsider.com/c/4d9323ccccd1d5752a260000 what does this mean for Buddy Media?

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17 Ad Tech Acquisitions and IPOs This Year 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. Advertising The 17 biggest ad tech exits of 2016 Lara O'Reilly 2016-12-30T12:20:34Z 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 The Trade Desk went public in 2016. The Trade Desk/Twitter As The Wall Street Journal pointed out in its end of year media and advertising roundup, a predicted ad tech media bloodbath didn't happen in 2016.While most ad tech companies on the public markets still had a torrid time, there were plenty of firms that marked $100 million + exits this year. And there was even the long-awaited ad tech IPO!Eric Franchi, cofounder of ad tech company Undertone (which marked its exit, to Israeli firm Perion for $180 million in 2015), has been keeping track of all the large ad tech exits in 2016 with a handy Google spreadsheet.Scroll down to see all the ad tech firms that were acquired or went public in 2016, in chronological order. Addthis — ACQUIRED AddThis CEO Richard Harris. Tech Cocktail/YouTube What the company does: AddThis began life as a social bookmarking startup that allowed website owners to add social media sharing widgets, with users bookmarking their content using third-party services such as Facebook, Twitter, and Pinterest. It expanded its services to provide publishers with information about the types of interest their readers had demonstrated on the other sites they visit.What happened: Oracle acquired AddThis in a deal worth between $100 million and $200 million in January. Sources told Business Insider the sum was toward the latter end of that estimate. Tapad —ACQUIRED Are Traasdahl, Tapad CEO. Aegis Reinvention/YouTube What the company does: Tapad specializes in cross-device technology that gives advertisers a better view of their customers as they switch from smartphone, to desktop, tablet, and smart TV.What happened: Norwegian telecoms company Telenor acquired Tapad for $360 million in February. Yodle — ACQUIRED Yodle CEO Court Cunningham. Brian Ach/Getty Images What the company does: Yodle provides cloud-based online advertising and marketing services such as search engine optimization to small businesses.What happened: Yodle had filed for a $75 million IPO in 2014 but that plan was pulled when Web.com acquired the company for $324 million in February. StickyAds.tv — ACQUIRED StickyAds.tv CEO Hervé Brunet. @99hbrunet/Twitter What the company does: StickyAds.tv is an SSP (supply-side platform) that specializes in helping publishers and TV broadcasters sell their video advertising inventory, both online and on TV. The company creates private exchanges so its customers can auction their ads directly to premium advertisers using automated tools, lessening the reliance on their human salesforces.What happened: StickyAds.tv was acquired by Comcast in May in a deal sources told Business Insider was all-cash and north of $100 million. Smaato — ACQUIRED Smaato CEO Ragnar Kruse. LinkedIn What the company does: Smaato is a mobile supply-side platform that allows mobile developers and publishers to connect their advertising inventory to multiple ad exchanges and demand-side platforms in order to monetize their apps. The company also offers a mobile ad server, a real-time bidding ad exchange, and an ad network mediation platform.What happened: Chinese marketing firm Spearhead acquired Smaato for $148 million in June. The acquisition was facilitated by an M&A fund invested by one of its subsidiaries. ReachLocal — ACQUIRED ReachLocal CEO Sharon Rowlands. ReachLocal What the company does: ReachLocal offers local digital marketing solutions for small and medium-sized businesses.What happened: Newspaper and digital media holding company Gannett acquired ReachLocal for $156 million in June. ConvertMedia — ACQUIRED Yoav Naveh, ConvertMedia CEO. Twitter What the company does: CovertMedia specializes in "outstream" video advertising formats, that appear within the content of an article and only play when the viewer is looking at the ad unit. It had a revenue run rate of around $50 million.What happened: Taboola, the content recommendation company, acquired ConvertMedia for a price in the tens of millions of dollars in July. The exact amount was not disclosed, but TechCrunch reported it was "just shy" of $100 million. Taboola too is a company that has long been predicted to have an exit of its own, in the form of an IPO. Sizmek — ACQUIRED Neil Nguyen, Sizmek CEO. Sizmek What the company does: Sizmek is an ad management platform that claims to work with 19,000 advertisers and 3,700 agencies worldwide. It was a public company and at the time of its acquisition had around 1,000 employees.What happened: Sizmek was acquired by private equity firm Vector Capital in August for $122 million. Media.net — ACQUIRED Media.net CEO Divyank Turakhia LinkedIn What the compay does: Media.net provides the tech for the contextual ads that appear on Yahoo and Bing. The company says it generated $232 million in revenue in 2015.What happened: In what Media.net touted as the third-largest ad tech deal ever, a group of Chinese investors acquired the company for $900 million in cash in August. The complex deal involves the Chinese consortium selling the firm to Beijing-based telecoms firm Mitento at a later date, in a kind of reverse merger. Applovin — ACQUIRED AppLovin CEO Adam Foroughi. AppLovin What the company does: Applovin is a mobile ad network that was on track to generate almost half a billion dollars in revenue in 2016. Unusually for most ad tech startups, the company had raised very little investment (just $4 million) and claimed to be profitable.What happened: Applovin was scooped up for $1.4 billion by Chinese private equity firm Orient Hontai Capital in September. The Trade Desk — IPO The Trade Desk CEO Jeff Green. LinkedIn What the company does: The Trade Desk is a demand-side platform that works with advertising agencies, allowing them to buy online ads using automated technologies.What happened: The Trade Desk debuted on the Nasdaq in September at $28.75, a pop on the $16 to $18-per-share price the company had set in its S-1, valuing the company at more than $1 billion. It marked the only ad tech IPO in 2016 and the stock was trading at $28.38 at the time of writing.Read our interview with The Trade Desk CEO Jeff Green on his company's IPO day here. Krux — ACQUIRED Krux CEO Tom Chavez. Krux What the company does: Krux is a data software company that uses artificial intelligence to analyze information from across the web to help marketers identify audience segments.What happened: In what was probably the most gossiped-about acquisition of the year, Salesforce bought Krux for $700 million in October. Salesforce paid $340 million in cash and the remainder in stock.  Hooklogic — ACQUIRED Jonathan Opdyke, Hooklogic CEO LinkedIn What the company does: HookLogic helps retailers generate revenue from their own websites by selling online advertising to CPG companies. It has created a network of retailer sites that allows brands to buy performance ads across a range of relevant ecommerce companies .What happened: France-based ad tech company Criteo acquired Hooklogic for $250 million in cash in October. Criteo CEO Eric Eichmann told Business Insider the purchase will enable the company to acquire a new vertical of customers: brand manufacturers.  Triad Retail Media — ACQUIRED Roger Berdusco, Triad Retail Media. Triad Retail Media What the company does: Triad powers the advertising on the websites of retailers including Walmart, eBay, and Staples.What happened: Xaxis, the programmatic advertising company owned by WPP, acquired Triad in October for a reported $300 million. TubeMogul — ACQUIRED Brett Wilson, TubeMogul cofounder and CEO. TubeMogul What the company does: TubeMogul specializes in video advertising and offers advertisers a demand-side platform (DSP) to plan, buy, and measure video ads using an automated (programmatic) system. TubeMogul went public in 2014, listing at $7 a share. Its stock was trading at around the same price when the deal was announced.What happened: Adobe acquired TubeMogul for $540 million net of debt and cash in November. ExchangeWire CEO and founder Ciaran O'Kane described the deal as "changing the rules of the ad tech game," hinting that it could pave the way for more marketing cloud vendors to buy up ad tech firms in 2017. Operative — ACQUIRED Lorne Brown, Operative CEO. Operative What the company does: Operative licenses technology to help media firms run their online advertising setups.What happened: Israel-based SintecMedia — which offers a similar service — acquired Operative in a deal valued at just under $200 million in November. Neustar — ACQUIRED Lisa Hook, Neustar CEO. Heidrick & Struggles/YouTube What the company does: Neustar, which was a publicly-traded company before its acquisition, helps telephone carriers route calls and messages. It also provides data and analytics to marketers.What happened: Neustar announced in December it will be taken private by an investment group led by private equity firm Golden Gate Capital in a deal valued at $2.9 billion including debt. The deal is expected to close by the end of the third quarter of 2017. Visit Markets Insider for constantly updated market quotes for individual stocks, ETFs, indices, commodities and currencies traded around the world. Go Now! 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There Are A Million Education Startups And No One To Acquire Them - Business Insider Tech BI Intelligence Events Trending Tech Finance Politics Strategy Life Sports Video All × From To You have successfully emailed the post. There Are A Million Education Startups And No One To Acquire Them Alyson Shontell Apr. 18, 2012, 1:11 PM 30,512 8 facebook linkedin twitter email print CoursekitBetter get profitable, Coursekit boys.One of the hottest startup sectors right now is education. 2Tor, for example, has raised $90 million in venture capital to make credible online degrees for universities.  Knewton has raised $54 million to make customized content for students. Even Coursekit, a startup founded by three UPenn students to disrupt Blackboard, has raised $6 million. We're just scratching the surface here. There's also Skillshare, General Assembly, Khan Academy, Codecademy, Schoology, TutorSpree, ShowMe, Coursera, Chegg, Udemy, and plenty more. But there's no Google or Facebook in the education space. So who is going to acquire these startups for hundreds of millions of dollars? "It's a great question heretofore unanswered," says Hashable founder and angel investor Mike Yavonditte. "[Education startups need to] go public or get profitable." For a company like 2Tor, profitability is a real possibility.  Students are paying 2Tor and its partnering universities the same expensive tuition for an online degree as those paying for the physical campus experience.  More than 3,500 students from 30 countries participate in 2Tor's online and mobile degree programs.  But the cost of on-boarding a university isn't cheap -- 2Tor spends about $10 million on every college it works with, perfecting and customizing their programs until they're happy. For others, the path to profitability is far from clear. We've compiled a list of potential education acquirers, but most don't have enough cash to write many -- if any -- big checks for startups. Of course cash isn't the only factor -- last year Texas Instruments acquired National Semi for $6.5 billion and it only had $992 million in cash and cash equivalents. View As: One Page Slides Here are the only 9 companies we could think of that MIGHT acquire an education startup > » More: Startups Education Features 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 There Are A Million Education Startups And No One To Acquire Them There Are A Million Education Startups And No One To Acquire Them Who's the Google or Facebook of education? 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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Ro Is Expanding Care Delivery Services by Acquiring Workpath 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. Healthcare Ro's telehealth diversification play is a sign that mass telehealth acquisitions are on the horizon Zoë LaRock 2020-12-09T15:51:09Z 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 Link icon An image of a chain link. It symobilizes a website link url. Copy Link Download the app Telemedicine is booming, but the tech has its limitations in care delivery. Diversification will be a must for telehealth players that don't want to be left in the dust next year. Insider Intelligence publishes hundreds of insights, charts, and forecasts on the Digital Health industry with the Digital Health Briefing. You can learn more about subscribing here. Get a daily newsletter packed with stats about trends affecting your industry. Sign up for Chart of the Day. Loading Something is loading. Email address By clicking ‘Sign up’, you agree to be contacted by Insider Inc. and receive emails from Insider Intelligence and eMarketer (e.g. FYIs, partner content, webinars, and other offers) and accept our Terms of Service and Privacy Policy. You can opt-out at any time. Ro—a pharmacy delivery vendor and telemedicine provider—is expanding its scope of care delivery services with its acquisition of Workpath, a software developer that deploys nearby clinicians to patients' homes for blood draws and nurse visits, per Forbes.  Telemedicine-only vendors will be left behind in 2021. Insider Intelligence Ro also linked up with lab giant Quest Diagnostics to process the tests. This marks Ro's first acquisition and is the latest move in a busy few years for the startup: It launched in 2017 as a pharmacy business for men's health but has expanded into women's health, smoking cessation, and weight loss —and it's secured $376 million along the way and earned itself a spot in the digital health unicorn club.Telemedicine is in a boom period, but there's plenty of care that can't be delivered virtually—so, a move into home-based care could make Ro relevant for a litany of care needs. US patients have grown more accustomed to virtual care amid the pandemic: 37% US adults had tried it as of September—up more than threefold from January, according to CivicScience.Even though telehealth is now becoming a staple in patients' care journeys, it has its limits: A doctor can't, for instance, draw blood or give a vaccination over a screen. That's why we think Ro made a smart decision with a move into home-based care: If a Ro doctor is chatting with a patient virtually and decides a blood test is in order, they could match their patient with a nearby Workpath-affiliated phlebotomist instead of telling the patient to seek the test from an outside organization.We could see more telemedicine vendors roll out home-based features like this to appease convenience-hungry consumers, leaving telemedicine-only vendors in the dust.Patients who have taken up telehealth have become accustomed to receiving care without trekking into a doctor's office—so, it's likely they'll welcome the option to get in-person care at home, too. We're seeing hybrid approaches that meld telemedicine and home-based, in-person care crop up—like the newly-launched startup MedArrive founded by former Uber Health exec. It would be a wise move for other telemedicine vendors to follow Ro's lead and extend beyond in-person care into the home to provide ultimate convenience.A flurry of acquisitions made by telemedicine vendors could be on the horizon—and home-based providers are smart to target. Historically, digital health companies have been the top acquirers of fellow digital health companies, per Rock Health—and with the 2020 telemedicine boom, telemedicine vendors will likely be inking a lot of deals. Scooping up in-home care providers would not only up their value in the eyes of consumers, but it could make telemedicine vendors a more appealing option to payer partners that want to offer members an all-encompassing service.Want to read more stories like this one? 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Yahoo Acquires, Shuts Down Startup Distill - Business Insider Enterprise BI Intelligence Events Trending Tech Finance Politics Strategy Life Sports Video All × From To You have successfully emailed the post. Yahoo Acquires Startup Distill To Nab 7 Mobile Tech Employees Julie Bort Feb. 13, 2014, 8:30 PM 6,498 2 facebook linkedin twitter email print Ken MacInnis/FacebookDistill co-founder Ken MacInnis See Also Cisco is buying Internet of Things company Jasper Technologies for $1.4 billion Marshawn Lynch reportedly hasn't spent a penny of the $49.7 million in salary he has made in his NFL career This botched intro was the most entertaining moment of the GOP debate Yahoo's newest acquisition is a young startup named Distill that landed its $1.3 million in seed funding only about five months ago. With the purchase, seven Distill employees will join Yahoo, and Distill will shutter its service on March 30, it said on its blog. Distill was working on ways to help HR people recruit technical talent, a cool idea that combined video interviews with programming challenges, reports TechCrunch's Kim-Mai Cutler, who was first to spy the acquisition news. Distill was in private beta with the service, testing it with companies like ClearSlide, Disney, Box, ModCloth and FiveStars, Cutler reports. Yahoo has its own recruting logistics problem: It gets 340,000 job applications a year — a fact CEO Marissa Mayer mentions repeatedly on her earnings calls. But the recruiting tech wasn't what Yahoo wanted. One of Distill's founders, Deng-Kai Chen, came from TapJoy, and Google before that. Tapjoy is a mobile ad app that helped invent the mobile "offers" business where mobile users get rewards for viewing ads or downloading apps. Its early days were controversial, when some of those rewards turned out to be somewhat fishy. TapJoy has since shed that image and now reaches 450 million mobile users each month, it says. Chen was Tapjoy's third employee, according to his LinkedIn profile. Deng Kai Chen/FacebookDistill co-founder Deng Kai ChenDistill co-founder Ken MacInnis hailed from StumbleUpon, where he spent five years, and did a short two-year stint at Yahoo before that. Yahoo wants the Distill team for its TapJoy roots, it told Business Insider. A spokesperson told us: I can confirm that we are hiring seven employees from Distill, all of whom are expected to join Yahoo in Sunnyvale next week. Prior to creating Distill, this group was part of the original team behind the creation of Tapjoy, a mobile performance-based advertising platform that drove deep engagement and monetization opportunities for mobile app publishers. At Yahoo, they’ll be drawing upon their expertise from the Tapjoy days to help us build out our mobile advertising solutions. Here's the blog post from Distill that announces that the service will be closed. A New Adventure for the Distill Team We are excited to share the news that the Distill team is off to start a new adventure! We are joining Yahoo. Prior to creating Distill, we were part of the original team behind the creation of Tapjoy, a mobile performance-based advertising platform that drove deep engagement and monetization opportunities for mobile app publishers. We’ll be drawing upon our expertise from the Tapjoy days to help build out Yahoo’s mobile advertising solutions. As of today, we have stopped development of Distill Schedule and Distill Interview. You will still be able to schedule interviews through the end of February, and the Distill platform will remain available through March 30, 2014. If you have any questions, concerns, or data requests, please contact us at support@distill.cc, or reach out to your account manager directly. We want to express our sincere thanks and gratitude to everyone at the awesome companies we have been working with, as well as the candidates who have met their future employers through Distill. It's been a fun ride for us, and we couldn’t have gotten this far without your help. Thank you!! The Distill Team More: Mobile Yahoo Mobile Ads Startup Acquisition 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 Yahoo Acquires Startup Distill To Nab 7 Mobile Tech Employees Yahoo Acquires Startup Distill To Nab 7 Mobile Tech Employees With this purchase, seven Distill employees will join Yahoo, and Distill will shutter its service on March 30, it said on its blog. 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Braintree Acquires New York Payment Startup Venmo For $26.2 Million To 'Prepare For Mobile Commerce' - Business Insider Login   Login Username Password Remember me Forgot username or password? 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Email Zip From To Email Sent! You have successfully emailed the post. New York Payment Startup Venmo Sells For $26.2 Million To Braintree To 'Prepare For Mobile Commerce' Alyson Shontell | Aug. 16, 2012, 2:43 PM | 1,959 | Email More Share on Tumblr Tweet Email Share on Tumblr Andrew Kortina/LinkedInAndrew Kortina, co-founder of VenmoIn 2009, two college roommates Andrew Kortina and Iqram Magdon-Ismai founded Venmo. Venmo has spent the past three years making it easier for friends to exchange money via mobile devices. It makes lending money easier as well as splitting bills. Today payment company and credit card processor Braintree has acquired Kortina and Ismai's startup for $26.2 million. Venmo has only raised $2 million to date, so it should be a big win for everyone involved. The New York Times, which first broke the news, says Venmo is processing about $10 million per month and is on track to process $250 million annually. Braintree currently has 30 million users and it is on major e-commerce sites like Fab and LivingSocial. Its chief executive Bill Ready says Venmo was acquired to prepare Braintree for the impending mobile commerce future. "Of the $4.5 billion in sales [Braintree] processes each year, $1 billion of those are on mobile phones," The New York Times reports. "Mr. Ready expects that folding Venmo into their business will help them take on larger, more established rivals in the online payments industry, including PayPal, as well as other companies, like Google." Recommended For You Please follow SAI on Twitter and Facebook. Follow Alyson Shontell on Twitter. 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The company was founded by two friends... More » Recent Posts About Venmo Venmo Relaunches To Make Mobile Payments More Social Alyson Shontell Senior Reporter, Business Insider Contact: e-mail: ashontell@businessinsider.com Subscribe to her RSS feed | twitter feed Ask Alyson a Question Recent Posts What's Tough And Awesome Ab... 28 Incredible Things You Ne... Match Inc CEO Sam Yagan Rev... Comments on this post are now closed. The Water Cooler Insiders 0   All Comments 0   Apply To Be An "Insider" » Loading Apply To Be An "Insider" » New York Payment Startup Venmo Sells For $26.2 Million To Braintree To 'Prepare For Mobile Commerce' New York Payment Startup Venmo Sells For $26.2 Million To Braintree To 'Prepare For Mobile Commerce' Big win for the college roommates who founded it three years ago. 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. 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Okta CEO Explains Its $6.5 Billion Deal to Acquire Auth0 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. Enterprise The CEO of identity firm Okta explains how the $6.5 billion deal to buy Auth0 helps it better attack an enormous 2nd market Paayal Zaveri 2021-03-03T23:26:30Z 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 Okta cofounders Frederic Kerrest and CEO Todd McKinnon (top L to R) on a video call signing the agreement to acquire Auth0 for $6.5 billion with its cofounders CEO Eugenio Pace and Matias Woloski (bottom L to R) Okta This story is available exclusively to Insider subscribers. Become an Insider and start reading now. Redeem now Okta is acquiring identity management firm Auth0 for $6.5 billion in stock, it announced Wednesday. Auth0 will help Okta expand its customer identity business, CEO Todd McKinnon told Insider. Okta already saw that as a huge opportunity and this acquisition lets it attack it more aggressively. Identity management firm Okta is acquiring startup Auth0 for $6.5 billion in stock, the companies announced Wednesday. Auth0 also makes software for identity and authentication, baking existing login and identity verification tools into code that developers can easily add to their websites or apps. The deal gets Okta closer to its ultimate goal of becoming the leading identity management platform for businesses, CEO Todd McKinnon told Insider. "Our strategic vision is that we have to make it really clear to every organization in the world that identity should be one of their strategic clouds in their environment," McKinnon said. "The way we get there is that we cover every identity use case."Okta's stock was down about 10% after the announcement, bringing its market cap to roughly $31 billion, despite an earnings release that beat analyst expectations.  Right now, Okta is primarily known for its tool that helps businesses manage their employees' logins and identity. However, an even bigger challenge companies are facing right now is managing their own customer logins in a secure way — and Auth0 has the technology to help Okta grow that part of its business, McKinnon said. He calls Auth0 the "Stripe of identity management" because it gives developers an easy, customizable tool to build the login sites for customers interacting with their business. Right now 75% of Okta's business comes from its "workforce identity" tools, while 25% comes from its "customer identity" tools. Those customer identity tools allow, for example, grocery store client Albertsons to make it super easy and secure for shoppers to log into its website or mobile app to make delivery or pickup orders.These tools allow companies to embed passwords, authentication, and other identity-management services into their apps and websites and McKinnon previously told Insider he believes that business has the potential to be even bigger than its workforce tools. Acquiring Auth0 will help the firm better attack that enormous market. Auth0 is a developer-focused firm Auth0 has been a developer-focused firm from the beginning, McKinnon said, which is what Okta needs to successfully expand its customer identity product."You can't just decide you're going to be developer focused one day. You have to build that culture. You have to build a product that does that," he said. "Bringing this together, we give customers just a clear trusted vendor to trust all of their identity to, whether it's customer identity or workforce." Auth0 was founded in 2013 and has raised over $330 million in funding according to PitchBook. It netted a valuation of $1.92 billion after raising a $120 million round led by Salesforce Ventures last July, meaning this deal represents a hefty premium.Okta's $6.5 billion all-stock deal will give Auth0 a fixed number of Okta shares at a price of $276.21 each, the companies said. The purchase represents roughly 14% of Okta's total number of shares, McKinnon said. Auth0 will stay an independent operating unit inside of Okta with its CEO Eugenio Pace reporting to McKinnon. Auth0 currently has over 850 employees and 10,000 paying customers. Okta has over 10,000 customers.Okta and Auth0 currently have some integrations that allow people to use an Okta login to log in to an Auth0 customer, but there's a lot more both companies can do with deeper integrations, execs said. The main focus will be continuing to serve both Okta and Auth0 customers and then looking for strategic ways to integrate the platforms once the deal closes. One of those might be sharing the data each platform can generate about treats and potential hacks to better protect users, McKinnon said. Auth0's growth also compliments Okta's, McKinnon said. Okta reported earnings Wednesday that showed its fourth quarter revenue grew 40% from a year prior. Auth0 is growing over 50% and is expected to bring in over 200 million in annual recurring revenue by the end of this year. The deal is expected to close mid year after going through regulatory approval.Bringing Auth0 and Okta together makes the joint entity a stronger competitor, McKinnon said:"Okta plus Auth0 is going to solve all my identity needs," he said. "That's the vision."Got a tip? Contact this reporter via email at pzaveri@insider.com or Signal at 925-364-4258. (PR pitches by email only, please.)  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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Neobrokerage Startup Bux Acquires Part of Spanish Rival Ninety Nine 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 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 Brokerage startup Bux is acquiring the retail-trading arm of Spanish rival Ninety Nine as fintech consolidation continues Callum Burroughs 2022-12-05T07:00:00Z 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 Read in app Yorick Naeff, Bux CEO Bux This story is available exclusively to Insider subscribers. Become an Insider and start reading now. Bux, the online retail brokerage, has acquired the retail-trading arm of Spanish fintech startup Ninety Nine.  Tencent-backed Bux will bring in the company's retail investment customers as part of the deal. The deal's terms were not disclosed but the move marks ongoing consolidation in fintech. Bux, a European rival to US retail brokerage Robinhood, has acquired the retail-trading arm of Spanish fintech startup Ninety Nine. Amsterdam-based Bux was founded in 2013 and offers European users access to US and European shares, cryptocurrencies, and CFD trading — the latter being illegal in the US. The acquisition means that Ninety Nine will no longer offer brokerage services in Spain but will instead focus on its embedded finance offering to banks. The terms of the deal were not disclosed. Bux, though it raised an $80 million from investors in 2021, recently turned to crowdfunding with a campaign on Seedrs. Ninety Nine was founded in 2018 and has raised $8.3 million to date. After an initial boom, neo-brokers in Europe have seen venture capital funding to the sector plummet in 2022, setting the scene for more acquisitions. Globally, fintech startups raised just $13.3 billion in the third quarter of 2022 taking funding levels back to pre-pandemic levels, per Dealroom.Bux had previously been in talks to sell to Tiger Global-backed US trading app Public.com, Insider reported, but the latter instead opted to build out its own European operations. "We are proud and delighted to help a new group of Spanish clients create a stable investment base and build a better financial future," said Bux CEO Yorick Naeff in a release."Thanks to this acquisition, Ninety Nine users will have access to a wide range of services provided by Bux, such as investing in Spanish, European and US stocks, ETFs, cryptocurrencies, fractional investing and the Bux Savings."Earlier in 2022, $7.4 billion San Francisco-based fintech Carta acquired UK startups Vauban and Capdesk while Robinhood agreed a deal to buy London-based crypto player Ziglu after canning its own UK expansion. Sign up for notifications from Insider! 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Kanye West to Buy Right-Wing Social-Media Platform Parler, Owner Says 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 Kanye West to buy right-wing social-media platform Parler, owner says Beatrice Nolan 2022-10-17T10:19:37Z 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 Ye, formerly known as Kanye West. AP Photo/Michael Wyke, File Kanye West has entered into a deal to buy Parler, the right-wing social-media platform. Parler describes itself as a "free speech platform." The proposed acquisition comes after a series of controversies involving West.  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. Kanye West has entered into a deal to buy Parler, a right-wing social-media service that bills itself as a "free speech platform," its owner said Monday.Parlement Technologies announced the news via a press release, saying that the deal would help create "an uncancelable ecosystem where all voices are welcome."Quoted in the press release, West said: "In a world where conservative opinions are considered to be controversial we have to make sure we have the right to freely express ourselves."Parlement Technologies CEO George Farmer said the company would be "honored to help him achieve his goals." The acquisition comes after a series of controversies involving West. The rapper-turned-businessman has faced criticism for wearing a "White Lives Matter" t-shirt and making a number of antisemitic comments.West was recently locked out of his Twitter account after he posted saying he would go "death con 3" on Jewish people.Parler styles itself as a "global free speech platform," and is known for having less strict content moderating policies than other social-media platforms. Parler came under fire during the January 6 Capitol riots when some users took to the social-media platform to cheer on the protestors and call for more violence. After the riots, Amazon Web Services removed Parler from its web hosting service, and the platform was also banned from Apple and Google's app stores.Parler's former CEO, John Matze, sued the company in March 2021, accusing it of "theft" of his 40% ownership stake. Matze claimed that the company ousted him after he proposed stricter content moderation.“this story was first published in 2020”  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 NOW WATCH: Kayne West Parler socail media More... Listen to The Refresh, Insider's real-time news show 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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Google: 2011 Acquisition Spree 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 Google Wants To Buy 50 Companies This Year Pascal-Emmanuel Gobry 2011-03-05T13:29:00Z 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 AP Google has bought a record 48 companies last year, and plans to buy as many if not more this year, the WSJ says.This is obviously smart: Google is a great acquirer, and most of its best products have come through acquisitions: DoubleClick, Android, YouTube and even AdSense, each of which are billion dollar businesses now. In fact the only big Google products we can think of that have been developed internally have been Gmail and, well, search. That being said, Google has also had a few big own goals in the acquisition game. Blogger has languished under Google and its founder Ev Williams has gone on to start Twitter, whose CEO Dick Costolo is another founder whose startup (FeedBurner) was acquired and then disregarded by the search giant. And of course who can forget Dodgeball, whose newer incarnation Foursquare is flummoxing Google in the potentially huge social/location market. Each time Google gave entrepreneurs the money and prestige to start ambitious companies that are now challenging it.Now Read: Google's Clunky Honeycomb Software Ruins The Motorola Xoom (REVIEW) → 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: Google 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. 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Binance's FTX Bail Out Follows a Twitter Spat Between the Founders 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 How crypto giant Binance came to bail out its biggest rival, FTX, days after their billionaire founders got into a very public spat on Twitter Huileng Tan 2022-11-09T08:46:56Z 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 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 Changpeng Zhao's Binance plans to acquire Sam Bankman-Fried's FTX crypto exchange. Horacio Villalobos/CorbisAlex Wong/Getty Images The CEO of Binance tweeted on Sunday the exchange would be liquidating all its FTT tokens due to "recent revelations." On Monday, FTX head Bankman-Fried tweeted "a competitor is trying to go after us with false rumors." Bankman-Fried announced on Tuesday his exchange FTX is to be acquired by Binance. 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. Sam Bankman-Fried stunned the crypto world on Tuesday when he announced his exchange FTX is to be acquired by rival Binance.But drama was brewing in the background, as the founders of the two exchanges appeared to be feuding over Twitter, just hours before the deal was announced by FTX CEO Bankman-Fried in a tweet on Tuesday.—SBF (@SBF_FTX) November 8, 2022Bankman-Fried and Binance CEO Changpeng "CZ" Zhao have publicly traded barbs on Twitter in recent months over issues like political lobbying and front-running trades, per Bloomberg. Front-running means trading a financial asset by a broker who has inside knowledge of a future transaction which may affect the asset's price. The most recent brawl started on Sunday when Zhao tweeted Binance would be liquidating all its FTT tokens — a crypto token native to FTX — due to "recent revelations."  Binance invested in FTX in December 2019, but sold an unspecified stake last year, receiving Binance USD stablecoin and FTT tokens in return.—CZ 🔶 Binance (@cz_binance) November 6, 2022Zhao didn't specify the concerns he had, but a November 2 CoinDesk report had been stoking market fears about FTX's liquidity position, at a time when some smaller crypto exchanges suspended withdrawals to users, amid a crypto winter.Bankman-Fried appeared to hit back at Zhao on Monday, tweeting: "a competitor is trying to go after us with false rumors," per media reports including Bloomberg and Reuters."FTX is fine. Assets are fine," he added. This tweet appears to have been deleted. But the damage had been done and the tiff weighed on market sentiment, sparking a selloff and a rush for withdrawals. At FTX, about $6 billion was withdrawn in 72 hours before Tuesday morning, Reuters reported, citing a message Bankman-Fried sent to staff.This may have spurred a change of heart, and Bankman-Fried tagged Zhao in a tweet on Monday saying, "I'd love it, @cz_binance, if we could work together for the ecosystem." This tweet also appears to have been deleted.On Tuesday, both Bankman-Fried and Zhao appeared to have made up. The former announced the deal with Binance, and Zhao said Binance "signed a non-binding LOI, intending to fully acquire FTX.com and help cover the liquidity crunch."—CZ 🔶 Binance (@cz_binance) November 8, 2022 Despite the drama, Zhao said he wasn't feuding with Bankman-Fried. "Sorry to disappoint, but I spend my energy building, not fighting," he tweeted on Tuesday. —CZ 🔶 Binance (@cz_binance) November 7, 2022Alarm bells had been ringing since Sunday, however, and prices of cryptocurrencies — like Bitcoin — seesawed over the changing dynamics between the two founders. Bitcoin and most other cryptocurrencies fell Tuesday following Binance's announcement of the acquisition, as the deal stoked fears about the industry's state of liquidity. As of 12.36 p.m. ET, Bitcoin was down by around 6% over the last 24 hours while Ether was down around 10% in the same period, according to CoinMarketCap, extending a crypto slump this year.The drop in crypto prices sent Zhao's net worth down 10.5% in a day, to $16.4 billion on Wednesday according to the Bloomberg Billionaires Index. His net worth is down 83% so far this year.Binance referred to Zhao's tweets in response to a request from Insider for comment. FTX did not immediately respond to Insider's request for comment sent outside regular business hours, but referred Insider to Bankman-Fried's tweets for an earlier report on the deal. 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 NOW WATCH: FTX Exchange Binance Sam Bankman-Fried More... Listen to The Refresh, Insider's real-time news show 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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When Foursquare Was Contemplating Acquisition Offers, Fred Wilson Gave Crowley This Piece Of Advice - Business Insider Tech BI Intelligence Events Trending Tech Finance Politics Strategy Life Sports Video All × From To You have successfully emailed the post. When Foursquare Was Contemplating Acquisition Offers, Fred Wilson Gave Crowley This Piece Of Advice Alyson Shontell Mar. 10, 2012, 5:17 PM 2,622 3 facebook linkedin twitter email print leafar. via FlickrCrunchfund's MG Siegler and Foursquare's Dennis Crowley are on stage right now at SXSW. Siegler asked Crowley why he hasn't sold his startup. Crowley says Union Square Ventures' Fred Wilson gave him some excellent advice about not selling out. "During our Series B round we had a whole bunch of acquisition offers," says Crowley.  "Fred Wilson told me, 'There's a difference between building a product and building a company.  As soon as you go down that road [of not selling] you're building a company.' "It sounds super corny but we're super psyched about that," says Crowley.  "If we keep doing what we're doing we can be one of those big companies.  Why would you not shoot for the moon if it's right in front of you?" More: Fred Wilson Dennis Crowley Foursquare Acquisition SXSW 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 When Foursquare Was Contemplating Acquisition Offers, Fred Wilson Gave Crowley This Piece Of Advice When Foursquare Was Contemplating Acquisition Offers, Fred Wilson Gave Crowley This Piece Of Advice "Why would you not shoot for the moon if it's right in front of you?" 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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Twitter Sues Elon Musk to Enforce Takeover Deal Agreement 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 Twitter sues Elon Musk for backing out of $44 billion acquisition, saying the billionaire is obligated to complete the deal Kali Hays and Áine Cain 2022-07-12T21:43:18Z 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 Elon Musk. Patrick Pleul/picture alliance via Getty Images Twitter has sued Elon Musk for trying to walk away from his agreement to buy the company. Musk last week accused Twitter of several instances of "breach," saying they all nullified the deal. Twitter pushed back on Musk's "antics," saying his claims were "pretexts and lack any merit." 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. Twitter followed through on its promise to sue Elon Musk over his attempt to walk away from buying the platform.In a lawsuit filed Tuesday, lawyers for Twitter accused Musk of "refusing to honor his obligations." The suit was filed in Chancery Court in Delaware, where Twitter is incorporated.At issue in the lawsuit is Musk's attempt last week to "terminate" the merger agreement he signed in April, saying he would acquire Twitter and take it private for $54.20 per share, putting a value on the deal of $44 billion. Lawyers for Twitter over the weekend called Musk's move "invalid and wrongful." In Musk's letter backing out of the deal, he accused Twitter of refusing to hand over "useable" user data, said it had misled him and the SEC on the number of "bots" or spam accounts present on the platform, and that it had made decisions to conduct layoffs and let go of key executives without getting his approval. All of which allegedly constitute a "breach" of the agreement, lawyers for Musk said. Meaning he can walk away from the deal and does not even have to pay the $1 billion break-up fee included in the agreement. Twitter pushed back against all of those points in its lawsuit, calling them "pretexts" that "lack any merit." It argued that the merger agreement Musk signed in April is not only "binding," and that he legally must complete the deal as agreed to, but that he is only attempting to back out now "because it no longer serves his personal interests."Musk appeared to respond to the lawsuit on Twitter not long after it was filed, writing only "Oh the irony lol."Lawyers for Twitter pointed to Musk's personal wealth, largely tied up in Tesla stock, the price of which has fallen 44% this year along with tech stocks generally. They said the value of his Tesla stake has fallen by more than $100 billion since late last year. Now Musk simply "wants out" of his agreement to buy Twitter because the stock market is down, and wants to "shift the cost"of the downturn onto Twitter's shareholders. "Having mounted a public spectacle to put Twitter in play, and having proposed and then signed a seller-friendly merger agreement, Musk apparently believes that he — unlike every other party subject to Delaware contract law — is free to change his mind, trash the company, disrupt its operations, destroy stockholder value, and walk away," lawyers for Twitter said. "This repudiation follows a long list of material contractual breaches by Musk that have cast a pall over Twitter and its business." Lawyers pointed to several of Musk's tweets discussing the acquisition and certain of Twitter's executives, saying each constituted a breach of confidentiality and disparagement clauses in the agreement. They claim he failed to provide reasonable information on his financing of the deal and failed to treat other requests "reasonably."Twitter went on to cover several areas speculated as possible soft spots in the agreement with Musk, including his financing for the deal. The platform called both the debt and equity financing portions of the deal "airtight" and pointed to Musk's personal commitment of $33.5 billion. The company also held Musk at least partially responsible for the decline in its own stock price, which is down 20% this year, saying the billionaires "antics" and the "disdain he has shown" for the company created more business risks and put pressure on its stock.Despite all of this, Twitter is insisting that Musk is obligated to go through with acquiring the company at the agreed upon price of $44 billion. It asked the court to force him to close the deal and to enjoin him "from further breaches" of the agreement. Twitter is also asking the the case be heard on an expedited basis, coming before a judge in September, given the potential impact a prolonged fight will have on its business. Lawyers for Musk could not be immediately reached for comment.Are you a Twitter employee with insight to share? Got a tip? contact Kali Hays at khays@insider.com, on secure messaging app Signal at 949-280-0267 or on Twitter DM at @hayskali. Reach out using a non-work device. 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 NOW WATCH: OPINION: Media activist shares how Musk could change Twitter Twitter Elon Musk Speed Biz More... Listen to The Refresh, Insider's real-time news show 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. 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Experts Weigh in on Impact of Peloton's $420 Million Precor 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 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. Retail Peloton just shelled out $420 million for massive fitness manufacturer Precor. Experts say the acquisition is vital to getting more Peloton machines to more people. Bethany Biron 2020-12-22T19:44:24Z 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 woman uses a Precor exercise machine. Precor This story is available exclusively to Insider subscribers. Become an Insider and start reading now. Peloton announced Monday that it was buying the fitness-equipment provider Precor for $420 million.  Analysts said the deal would play a significant role in both short- and long-term growth for Peloton, including increasing production capabilities through Precor's 625,000 square feet of manufacturing space, while also helping the luxury-fitness company push into more commercial venues like hotels and gyms.  "The deal helps Peloton add a large footprint to be able to serve consumers who will still continue to exercise from home as the restrictions and stay-at-home orders continue," Andre Artacho, the managing director of the growth consultancy Two Nil, told Business Insider. According to Sucharita Kodali, a vice president and the principal analyst at Forrester, the Precor deal is a "niche hardware acquisition" that may signal similar machinery and equipment acquisitions to come. Visit Business Insider's homepage for more stories. Peloton announced Monday it would spend $420 million to purchase the fitness-equipment provider Precor, a deal analysts said would further accelerate the brand's position as one of the fastest-growing exercise companies on the market. The acquisition will give Peloton access to Precor's 625,000 square feet of manufacturing space in the US, including its factory sites in North Carolina and Washington. The deal is also intended to help Peloton "boost research and development capabilities with Precor's highly-skilled team and accelerate Peloton's penetration of the commercial market," the company wrote in a statement. Read more: Peloton customers are furious over excessive order delays and lengthy wait times. It may hurt holiday sales and inflict lasting damage on the company's reputation, experts sayAccording to experts, the deal will likely significantly help curb mass delays and lengthy wait times for Peloton products. Despite its massive growth in 2020 — including a revenue increase of 232% year over year in its most recent quarter — Peloton has struggled to keep up with overwhelming demand."Peloton's acquisition of Precor helps set foundations for both short- and long-term growth for the brand," Andre Artacho, the managing director of the growth consultancy Two Nil, told Business Insider. "As Peloton currently has capacity challenges to serve a huge increase in demand, the deal helps Peloton add a large footprint to be able to serve consumers who will continue to exercise from home as the restrictions and stay-at-home orders continue." Precor Peloton goes commercialAs one of the largest global commercial fitness equipment companies, Precor equipment is used everywhere from university gyms to apartment complexes. According to Artacho, purchasing Precor will give Peloton a leg up in moving into commercial spaces in order "to become the main brand at gyms, hotels, and workouts anywhere." Though Artacho anticipates consumers will continue to gravitate toward at-home fitness in the near future, Peloton teaming up with Precor serves as a proactive strategy to get the former's products into commercial spaces that Americans will return to when the pandemic eventually ends, he said.The pandemic "is definitely not the end of the concept of group gym, and Peloton's deal is an anticipation to prepare the company for their next growth cycle: beyond home, anywhere," Artacho said, adding, "People are working out at home given there are no alternatives. It's expected some kind of home gym will stay, but not as it is right now. With that, it's expected the pandemic will elevate the standard of gyms, with potentially a surge in boutique and niche concepts."Claude Zdanow, the CEO of the marketing-agency holding company Stadiumred Group, echoed Artacho and called the deal a savvy move and a play to democratize the Peloton brand by getting it in front of more consumers. Peloton CEO John Foley has previously spoken of his goal to make Peloton products more accessible, and the company recently launched cheaper bike and treadmill products."It seems to me the deal is one of leveraging revenue-generating scale, meaning Peloton bought Precor because it already has elements of its business that are complementary and where synergies could be found," Zdanow told Business Insider. "This way, they can extract more profit out of Precor's business while also leveraging it to increase their capacity and sales channels."Opening up the door for future acquisitionsAnalysts said to expect additional acquisitions from Peloton as it grows, particularly as it eyes global expansion. According to Sucharita Kodali, a vice president and the principal analyst at Forrester, the Precor deal is a "niche hardware acquisition" that may signal similar machinery and equipment acquisitions to come.While companies like NordicTrack may have too large of a valuation, Kodali speculated Peloton could purchase a brand like Sole Fitness or Life Fitness as it begins "leaning into fitness hardware." Zdanow also hypothesized that Peloton might consider purchasing additional fitness brands specializing in hardware — either a splashy new virtual-fitness company to help grow its cachet or a struggling cycling brand that could help Peloton reach new markets."I wouldn't be surprised if Peloton continues this approach and looks at other businesses like the Mirror or even a more traditional workout-class cycling competitor that is struggling and could benefit from Peloton's massive growth," he said.  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: Meet the 18 executives at Peloton who are leading the digital fitness company's meteoric rise as it plans for $4 billion in revenue by the end of 2021 Deal icon An icon in the shape of a lightning bolt. For you NOW WATCH: What the future of Apple looks like More: Retail BI Select Peloton Virtual Fitness Fitness Precor 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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Data, Analytics Companies That Are Hot Acquisition Targets 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. Advertising Digital ad firm Magnite just snapped up data company Nth Party. Here are 11 other firms that are hot acquisition targets as marketers race to figure out their consumers. Patrick Coffee 2022-01-05T16:17:31Z 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 Vladimir Vladimorov This story is available exclusively to Insider subscribers. Become an Insider and start reading now. Data and analytics companies are hot acquisition targets as marketers seek new ways to reach consumers. In the latest such deal, adtech firm Magnite acquired Nth Party, which helps advertisers use first-party data. Insider identified 11 other companies that are the most attractive to buyers. This article was originally published in October and has been updated.After a pandemic pause in M&A, advertising and tech deals more than doubled in value year-over-year in the first half of 2021, according to advisory firm Ciesco.Data is driving that trend as marketers scramble to find ways to reach consumers as ad-targeting cookies go away.In the latest such deal, adtech firm Magnite just acquired Nth Party, a startup that develops software to help advertisers use first-party data.Private equity firms, having newly discovered value in the advertising sector, are the most aggressive buyers, on their own or through PE-funded agencies like Jellyfish and Dept, said Bob Morris, founder of M&A advisory firm Bravery Group. Ad agency holding companies are also in the running.Three types of companies are in greatest demand, said Chris Karl, chief business development officer at M&A advisory firm JEGI Clarity: Consultancies that help companies manage their data; software firms that use algorithms to glean insights from data; and companies that do real-time consumer analysis."[Data and analytics] helps you understand what's working, and the faster that happens in media, the more effective you can be in investing your money," said Karl.Morris said deals for such companies could pick up as companies try to get out ahead of President Biden's proposed federal capital gains tax increases.Stagwell chief investment officer Jason Reid said the M&A flood would continue as long as marketers need better data tools, though. "Even as the cookie disappears, there are thousands of new ways to capture data," he said.M&A advisors, consultants, and agency executives named 11 companies, listed alphabetically, that they think are ripest for acquisition. (To be clear, they didn't say the firms were involved in any current sales talks.)The firms declined to comment or did not respond to requests for comment unless otherwise noted. Abaco Research What it does: Provides market research and data services to companies with operations in Brazil.Why buyers want it: To expand in Latin America and better understand its consumers and brands.São Paulo's Abaco Research is seen an attractive target, with its decades of experience in Brazil and ability to measure campaign performance and brand perception using analytics and tools like eye-tracking. The firm also specializes in B2B and pharmaceutical marketing.Agencies have increasingly focused on Latin America for M&A. WPP, Jellyfish, S4 Capital, and You & Mr. Jones have each acquired data firms there in 2021.Dan Khabie, co-founder of digital agency CourtAvenue, who made several acquisitions in Latin America while at WPP agency Mirum, said investor interest has moved there due to a regulatory crackdown by China. Firms in countries like Brazil, Colombia and Mexico share similar time zones, clients, and business practices with their US and EU counterparts, which eases the integration process, Khabie said.And, companies in Latin America may now be cheaper than India and China, Bob Morris said. Apply Digital What it does: Builds apps, websites, and other digital products using consumer data.Why buyers want it: To establish a stronger foothold in the data-based design space.Firms that use data to build digital products like mobile apps or ecommerce platforms are in demand. Vancouver-based Apply Digital is one such company. It's quietly grown to more than 200 employees in five years, working for giants like Disney, Moderna, and Electronic Arts, said CEO Gautam Lohia. With offices in Toronto, New York, Los Angeles, and Mexico City, it can work globally.Recent high-profile projects include building a new sales app for Canadian apparel company Arc'teryx and redesigning the Princess Margaret Cancer Society's fundraising platform.Lohia said while he hasn't taken outside funding, investors have shown "a tremendous amount of interest" in the firm. Blast Analytics What it does: Helps large and mid-sized companies manage thier consumer data.Why buyers want it: To expand their data consulting business.The demand for digital transformation services has soared in the pandemic, making top consultancies attractive to buyers.Blast Analytics, a 22-year old firm based in Roseville, California, is one of the few remaining independent data consultancies. It helps companies do analytics audits, measure ad campaigns, identify customer experience concerns, and make their businesses more digital. It's also known for data privacy work; it helped the federal government give users more control over how Healthcare.gov collects their data.Blast Analytics's size and client work make it a smart acquisition target; the firm reported 87% year-over-year revenue growth from 2018 to 2020, according to Inc., and clients have included The Wall Street Journal, Ulta Beauty, and State Farm. Cadastra What it does: Does performance marketing and digital consulting for marketers.Why buyers want it: To expand in Latin America and get closer to platforms like Google and Salesforce.Tech giants like Google, Amazon, and Adobe play a significant role in driving ad industry M&A, said Hugo Loriot, partner at You & Mr Jones-owned data firm Fifty-Five.Google, for example, only works with companies that have certifications for its own products, so networks need to buy certified firms in target growth areas or risk being cut off from Google's services in these regions, Loriot said.Google- and Salesforce-certified Cadastra in Brazil is one such firm.The company started in 2000 as one of Latin America's first search engine marketing agencies. It turned toward consulting and now helps clients manage IT, ecommerce, and other aspects of digital strategy, Cadastra founder and CEO Thiago Bacchin said.Cadastra has attracted interest from major agency holding companies and private equity firms but plans to focus on making its own acquisitions, he said. Claravine What it does: Helps clients standardize their data management practices.Why buyers want it: To compete with major consulting firms for digital transformation contracts.Founded in 2013, the Provo, Utah software-as-a-service company helps marketers standardize the ways they collect and analyze consumer data and use it to track and plan their ad campaigns and other operations.The firm has raised more than $12 million in three funding rounds since 2016 led by VCs such as Grayhawk Capital and Kickstart Fund.Claravine chief product officer Chris Comstock said moves by tech giants Apple and Google to limit marketers' use of data have created more demand for Claravine's services.One consultant called Claravine one of the most coveted data management firms by private equity groups. Like other M&A targets, Claravine is certified by tech giants such as Adobe; it competes with Snowflake, Confluent and more established providers. Element What it does: Uses data to help clients market to audiences in Latin America.Why buyers want it: To expand Latin American operations and digital capabilities.This Mexico City-based digital agency has already attracted interest from ad holding and consulting companies, according to founder Gerónimo Ávila.Element does content production, ad planning and buying, analytics, and consulting for companies such as PepsiCo, YouTube, and Home Depot.Its independence and global client base make it a good M&A target. Its services touch on most aspects of the customer experience and rely heavily on data analytics. And, it's close to the US and most of its staffers are bilingual. Elsy What it does: Helps brands manage their ad buys using analytics.Why buyers want it: To handle bigger ad budgets.New York's Elsy was founded in 2015 by veterans of WPP's GroupM, the world's largest ad-buying network.It provides mix media modeling, which uses algorithms to assess the results of advertisers' digital ad campaigns and adjust their spending accordingly.Elsy has raised just over $2 million in funding since 2017 from You & Mr Jones and AI-focused VC firm Glasswing Ventures. Clients include Dannon, Keurig Dr Pepper, and Metlife.Elsy CEO Laurent Colard said the firm has quadrupled its customer base over the past year and is actively pursuing investments to expand but hasn't considered a sale. In the past, advertisers typically did mix media modeling audits once a year. But the complexity of digital advertising has created a need for always-on services, and more brands are seeking out subscription-based software firms as they do more of their ad-buying in-house, said Ana Milicevic of Sparrow Advisors. Grupodot What it does: Colombian agency focused on AI.Why buyers want it: To expand their digital marketing services in Latin America.Bogota-based Grupodot calls itself the first Latin American agency focused on using AI to help clients with their advertising and other operations. Clients include online retailer Mercado Libre, which recently hired Grupodot to help automate and streamline e-commerce.Founded in 2004, Grupodot started with a focuse on UX design but has since added services such as cloud computing, AI-powered retail displays, and campaign analytics. The agency promotes its partnership with Google and describes itself as a bridge between tech platforms and advertisers.A company like Grupodot could help a holding company or private equity firm establish a foothold in Colombia, deepen its relationship with Google, and expand its data-based services.Bob Morris of Bravery Group said holding companies have begun to realize that buying such firms could be more cost-effective than hiring them for projects or building that speciality in-house. InfoTrust What it does: Helps advertisers organize their consumer data.Why buyers want it: To grow their data services and US clients. Decade-old, Cincinnati-based InfoTrust is a tech consulting firm that helps retail, media, and packaged-goods makers like Procter & Gamble, Nestle, and L'Oréal manage their consumer data. It reported $13.3 million in revenue in 2020.Its core product is Tag Inspector, a task manager that collects a brand's data from digital properties like websites and apps in one place.CEO Alex Yastrebenetsky recently said he had no plans to sell InfoTrust, but one M&A consultant said the firm would be attractive to private equity firms thanks to its status as one of the largest US-based Google Analytics partner companies not owned by a holding company or PE firm. Parrot Analytics What it does: Software firm that tracks viewership and engagement with a focus on streaming .Why buyers want it: To have more complete data on consumer behavior.Parrot Analytics began getting media attention in 2020 for saying it can track viewership of streaming services like Netflix , most of which do not share these numbers.Parrot says it can help media companies, advertisers, and creators understand not only what people are actually watching but their enthusiasm for it, through data like Google searches, social likes and shares, and pirated video downloads. Its clients include Google, Disney, WarnerMedia, and talent agency CAA.Parrot would be a logical target for a deep-pocketed PE firm, having raised around $15 million since 2014 from investors such as New Zealand's David Bishop Media and New Zealand Growth Capital Partners. Radius Global Market Research What it does: Consulting firm that helps businesses with consumer research.Why buyers want it: To expand research and data reporting services.Founded in 1960, New York's Radius Global Market Research is one of the most established independent market research firms, ranking among the top 50 firms in the category by revenue.Radius helps brands tweak their products and marketing with online surveys that are faster than traditional research. It also provides virtual and audio surveys and other data services.Radius, which one consultant compared to fast-growing research startups like Voxpopme and Suzy, would be attractive to a buyer looking to bulk up on data research. It's acquired several smaller competitors in recent years but hasn't taken on outside investment. 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 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. More: Features m&a Data analytics Google You & Mr. Jones WPP S4 Capital Parrot Analytics Ad Targeting consumer data 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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Goldman Sachs Looks at Deals to Build up Marcus Banking Unit: Report 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. Finance Goldman Sachs is considering acquisitions to build up its Marcus consumer banking unit Matt Scuffham, Reuters 2021-01-15T14:07:26Z 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 SOPA Images / Contributor / Getty Images Goldman Sachs is looking to build up its consumer banking unit, Reuters reported. The bar is "extremely high" for any deal to be large and transformational, three sources said. Chief executive David Solomon wants to cut reliance on volatile trading and investment banking revenue. Visit Business Insider's homepage for more stories. Sign up for our weekday newsletter, packed with original analysis, news, and trends — delivered right 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. Goldman Sachs is considering acquisitions to bulk up its consumer banking unit Marcus, after the Wall Street firm slowed loan and deposit growth at its fledgling business last year in the wake of the coronavirus pandemic, three bank sources said.Goldman management has put an "extremely high" bar for any deal to be large and transformational, the sources cautioned. One of the sources said the bank had M&A bankers crunching numbers on "different ideas."Digital banking is one area of interest. The pandemic has strengthened management's belief that online activity will be central to future growth within the industry and branches will continue to have a diminished role, the source said.As a result, executives are ruling out any deals that involve acquiring branches. Digital businesses that bring in new customers or unique technologies would be attractive to the bank, the source said. Goldman Sachs declined to comment.Building out Marcus, which is named after one of the bank's founders, is a key plank of Chief Executive David Solomon's plan to reduce Goldman's reliance on volatile trading and investment banking revenues. To do so, Solomon wants to build businesses with predictable revenues such as consumer banking and mass-market wealth management, which most of its main rivals now have. 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 Reuters. Copyright 2021. Follow Reuters on Twitter. Deal icon An icon in the shape of a lightning bolt. Keep reading NOW WATCH: WATCH: A Goldman Sachs Marcus exec explains why Apple is the perfect partner for their new credit card More: Finance Consumer finance consumer banking Goldman Sachs Fintech m&a Reuters Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. 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Vinted Acquires Rival Fashion Site United Wardrobe 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 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 Vinted – the biggest secondhand fashion unicorn in Europe – just acquired rival startup United Wardrobe as the resale market explodes Martin Coulter 2020-10-27T00:01:00Z 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 Vinted senior execs Thomas Plantenga and Mantas Mikuckas Vinted This story is available exclusively to Insider subscribers. Become an Insider and start reading now. Redeem now Secondhand ecommerce platform Vinted exclusively confirmed its acquisition of smaller Dutch challenger United Wardrobe for an undisclosed amount.  Vinted is valued at more than $1 billion, and the news comes as the resale market explodes. In an exclusive interview with Business Insider, both parties revealed how the seeds of a deal were planted almost two years ago following a chance meeting in a Dutch bar. Visit Business Insider's homepage for more stories. Vinted, the online marketplace for secondhand clothing in Europe, has confirmed the acquisition of a rival startup for an undisclosed amount.Founded in 2008, Lithuania's Vinted lets users buy, sell, and swap unwanted items of clothing and accessories. The private company is backed by the likes of Accel and Insight Venture Partners, The firm surpassed a $1 billion valuation following a major funding round towards the end of 2019, and exclusively confirmed it had tightened its grip on the European market by buying out Dutch challenger United Wardrobe.In an interview with Business Insider, Vinted CEO Thomas Plantenga said he had been "very impressed" with United Wardrobe's speed and focus: "It started to bug me, you know, and I just thought, 'Why are we competing?'"Seeds of a deal were planted almost two years ago, when one of United Wardrobe's cofounders met Plantenga in a bar in the Dutch city of Utrecht. "He was in town visiting family and ... it was an exciting thing to do, to chat with the Vinted CEO," said CEO Sjuul Berden."We had been challenging them in the French market but, as it turned out, Thomas was just a really cool and humble guy, and someone we thought very quickly we could work with."As of today, the United Wardrobe platform will merge entirely with Vinted's, bringing an additional 4 million new users to the latter's 30 million-strong customer base, and taking their employee headcount to around 535. Vinted operates in 11 across Europe, and in the US."It makes a lot of sense to consolidate our users, we feel, and we're incredibly excited for the future," said Platenga.Both parties declined to comment when asked how much Vinted had paid to acquire United Wardrobe.The news comes as the clothing resale market heats up both in the US and Europe. Vinted says it saw an uptick in business, as lockdowns prevented people from visiting physical stores, and triggered wardrobe clearouts. German online retailer Zalando added a pre-owned section to its platform in September, while American thrift store startup ThredUp submitted the paperwork for an IPO earlier in October. According to GlobalData and ThredUp, the global resale market is set to hit $64 billion by 2024. 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: 7 wardrobe essentials all men need in their closet eCommerce Technology More... Read next Follow us on: * Copyright © 2023 Insider Inc. All rights reserved. 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