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TechCrunch's Sources Say Amazon Acquired Menu icon A vertical stack of three evenly spaced horizontal lines. Search icon A magnifying glass. It indicates, "Click to perform a search". Insider logo The word "Insider". 0 Newsletters Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. Log in Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. Subscribe Business The word Business Life The word Life News The word News Reviews The word Reviews Business Tech Finance Markets Strategy Retail Advertising Healthcare Intelligence Life Entertainment Culture Travel Food Health Parenting Beauty Style News Politics Military & Defense Sports Opinion Reviews Tech Streaming Home Kitchen Style Beauty Gifts Deals Pets Parenting Coupons Health Learning Hobbies & Crafts Travel All A-Z Advertising Business Careers Coupons DoorDash Walmart Dell Staples Under Armour Culture Design Entertainment Executive Lifestyle Finance Food Health Healthcare Intelligence Latest Life Markets Insider Media Military & Defense News Opinion People Personal Finance Banking Credit Cards Insurance Investing Loans Mortgages Politics Premium Retail Reviews Science Sports Strategy Tech Transportation Travel TV Beauty Explorers Best in Town Bonkers Closets Festival Foodies Movies Insider Pop Culture Decoded The Making Of The Ultimate List Featured Better Capitalism Cities Connected Insider TV Master Your Money Next Stop Sustainable Finance Transforming Business About About Advertise Careers Contact Us Corporate Corrections Policy Follow RSS Sitemap Facebook Twitter Instagram YouTube LinkedIn Subscriptions Intelligence Premium Close icon Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification. Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. HOMEPAGE 0 Newsletters Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. Log in Subscribe Home Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. Tech TechCrunch's sources say Amazon acquired Alyson Shontell 2013-04-18T13:57:00Z 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 TechCrunch's sources say Amazon acquired a Siri-like app, Evi, for $26 million. It's another sign that an Amazon smartphone could be on the way. 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: Amazon 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	M&A	1	[ { "label": "M&A", "score": 1 } ]
Israeli Startups Hope For Gold Rush After Google's $1 Billion Acquisition of Waze - 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. Israeli Startups Hope For Gold Rush After Google's $1 Billion Acquisition of Waze Max J. Rosenthal, Associated Press Jul. 4, 2013, 8:50 AM 2,743 facebook linkedin twitter email print WazeNoam Bardin of Waze See Also 'This didn't happen': NBC's Chuck Todd grills Donald Trump on his 9/11 claim 4 things every guy should tell his barber when he gets a haircut Pilot explains what it really means when there's turbulence during a flight JERUSALEM (AP) — The billion-dollar sale of navigation company Waze to Google may finally be putting Israel on the map as a major player in consumer Internet innovation. Israel's high-tech sector has been dominated by firms that made products for other businesses, like computer chips or communications gear. But in recent years Internet and mobile companies have emerged as the majority of Israeli startups, and many have found success in the global market. The focus might be changing now. "There's definitely a shift that Waze has done a great deal of emphasizing," said Nir Zohar, the president and chief operating officer of Wix. "I would assume that we will find more foreign investors coming to Israel to invest in Israeli entrepreneurs." Wix, a personal website company, filed last month for a $75 million initial public offering the United States, just as Google was wrapping up its $1.03 billion purchase of Waze. Foreign investors are beginning to take notice. Israeli consumer firms myheritage.com, a genealogy site, and Fiverr.com, an online marketplace for creative services, received major backing last year from Accel Partners and Bessemer, two leading American venture firms. Veterans of the Israeli Internet startup scene say that Israeli companies are known for their creativity and international outlook, so the move into the fast-growing world of smartphone apps and consumer websites has been relatively easy. "Because we don't have a local market, we go on the international market from day one," said Uri Adoni of Jerusalem Venture Partners, one of the leading tech investment firms in Israel. Unlike in larger countries, he said, Israel's small size means that its startups naturally target places like the United States instead of the domestic market. With products ready-made for international use, they are attractive to overseas venture capitalists. Experts say Israeli companies are accustomed to taking unconventional risks in building their products. "There's always a special Israeli take, and the take is 'Let's go crazy, let's bring something that's completely off the charts,'" said Michal Adam of the IVC Research Center, which tracks statistics on Israeli venture capital. In the case of Waze, that meant relying on the app's user base in order to help build its maps because it lacked the vast amounts of data and satellite imagery of a company like Google. Thanks to its crowdsourcing feature, Waze's mapping service provides its user community with real-time information on traffic conditions, accidents and speed traps that standard GPS services have struggled to gather. The service has also generated a loyal user base. The Israeli way, Adam said, is "doing things simple when you need a complicated result because you don't have the money and the resources." Roughly three-quarters of Israeli startups provide mobile or Internet services, according to IVC. Just five years ago, the number was below 50 percent. After bottoming out in 2009 during the global financial crisis, American venture capitalists have steadily ramped up investments in Israel. Last year, according to the National Venture Capital Association in Arlington, Va., they pumped almost $85 million of equity into Israeli Internet companies, the highest amount since the global financial crisis five years ago. Overall, Israel is the world's largest destination for high tech venture capital after Silicon Valley. Yossi Vardi, a leading figure in the Israeli tech scene, said the Internet boom is also a result of natural growth. "Every major (acquisition) creates a wave of angels and new investors," he said. "Angels" are the individuals who make early investments in high-risk companies. Vardi helped pave the way for the current crop of Internet firms as an original investor in ICQ, the forerunner to modern instant messaging services. When ICQ was sold to AOL for $400 million in 1998, Vardi took his profits from the deal and invested in more than 100 other tech companies, about half of them consumer oriented like ICQ. Many of those companies, like answers.com and media software maker FoxyTunes, added success stories to the Israeli consumer market. Vardi expects that the Waze sale will spark a similar round of growth. Along with attracting new investors, each successful new company creates a new supply of experienced employees who may go on to form startups of their own. "In three years, there are going to be a lot of people who are employees of these companies who are going to go out into the market," said Micha Kaufman, the CEO of Fiverr.com. Alexa, an Amazon-owned web analytics service, ranks Fiverr among the 200 most visited websites in the world. Some experts warn of overconfidence. The low costs of launching a consumer-oriented startup, which do not require factories and large machinery used by traditional companies, has made it easy for anyone with an idea to start a business. Those low costs make the companies attractive to investors, who can afford small bets on promising startups. "I do expect more entrepreneurs to throw their hats in the ring," said Adam Fisher, the head of the Israel office of Bessemer Venture Partners, a U.S. firm. He cautioned that with few barriers to entry, the Internet market could be flooded with companies that have little chance of success. "We welcome them, but we hope they don't misread the success of Waze," Fisher said. He pointed out that a company that develops an app or program must also figure out how to make it profitable, a problem that traditional tech companies like chip manufacturers don't have. Still, the success of Waze generates optimism among Israeli Internet companies. "All the press that all these exits are getting ... creates confidence for future buyers," said Yaron Carni, a veteran investor and head of the Tel Aviv Angels Group. Copyright (2013) Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed. More from Associated Press: The Latest: High security as leaders meet for climate talks Bus overturns: 1 seriously hurt, dozens of minor injuries Bono, Clooney, Kardashian part of all-star campaign for AIDS Chinese president to head to Africa The Latest: Pope meets Muslims in Central African Republic More: Waze Associated Press 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 Israeli Startups Hope For Gold Rush After Google's $1 Billion Acquisition of Waze Israeli Startups Hope For Gold Rush After Google's $1 Billion Acquisition of Waze "Because we don't have a local market, we go on the international market from day one." 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Canopy Growth, Tilray, Curaleaf, Jockeying to Dominate US Cannabis 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. Cannabis The world's largest cannabis companies are jockeying to dominate the lucrative US market. 7 top CEOs and executives break down the deals you can expect. Jeremy Berke and Yeji Jesse Lee 2021-02-25T14:23:10Z 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 The cannabis industry is set for more M&A. Samatha Lee/Business Insider This story is available exclusively to Insider subscribers. Become an Insider and start reading now. Cannabis legalization is one of the hottest issues on Capitol Hill and in states around the US. That's provided a much-needed boost to the sector. And with capital less scarce, M&A is ramping up. Insider spoke with CEOs and execs at seven of the top US and Canadian cannabis companies who said they're focused on expanding to dominate the lucrative US market. The US cannabis industry is set for a flurry of deals as Democrats on Capitol Hill make cannabis reform a core issue and new state markets open.Insider spoke with top executives at seven of the largest cannabis companies. They said that they'll be focused on expanding their footprints as new state markets open up. They also said they'd use deals to scoop up valuable intellectual property as they jockey for control of the lucrative US market.And there is another battle looming: Canadian companies like Canopy Growth, Aurora, Tilray, and Aphria, are all preparing to enter the US market as soon as they can, encroaching on US firms like Green Thumb Industries and Curaleaf."These businesses, ours included, are going to become very big and very well-capitalized." Ben Kovler, the CEO of US cannabis company Green Thumb Industries (GTI) told Insider. In the US, cannabis is legal in 15 states for recreational purposes and in 36 states for medical use. Cowen analyst Vivien Azer has projected that the legal US cannabis industry could balloon to a $100 billion market by 2030, and companies are working hard to ensure that they'll win a slice of that.Canadian cannabis companies are limited in how they operate in the US because THC is considered a Schedule I drug by the US federal government. However, Canadian companies have the advantage of listing on major US exchanges and can access deeper-pocketed investors, unlike their US counterparts. Public cannabis company capital raises in Jan 2021 Joanna Lin Su/BI Graphics Cannabis companies raised over $1.4 billion in January Cannabis companies globally raised $1.4 billion in January alone, providing fuel for acquisitions, according to Viridian Capital Advisors. Senate Majority Leader Chuck Schumer, along with other top Democrats, pledged to pursue cannabis reform this year, though it's not clear whether that legislation will end up being a narrow bill that opens up more access to banks and capital markets, federal decriminalization, or full-scale legalization. Kovler said that New Jersey — which legalized cannabis on Monday — is a priority market for his firm and added that the Northeast provides attractive growth prospects. Boris Jordan, the president of Curaleaf, echoed Kovler's emphasis on the Northeast. Curaleaf is the largest cannabis company by market value in the US and has a footprint in legal states across the country. Jordan said the company is looking to increase its capacity to serve New Jersey and New York if, or when, the Empire State legalizes cannabis.Norman Birenbaum, New York's director of cannabis programs, told Insider that he's working to get a cannabis legalization bill approved through the state's budget, which is due April 1.Curaleaf recently raised $300 million to fuel growth in New York, and Jordan said that he's hopeful that Connecticut and Pennsylvania will follow suit and establish recreational cannabis markets. He also said he expects to do "tuck in" acquisitions to increase its presence in states like Arizona and Massachusetts where it operates. Expanding footprints in the US and around the worldCuraleaf isn't only focused on the US. Jordan said the company has established an office in Tel Aviv to look at deals in the burgeoning Israeli and European cannabis markets."I'm not saying anything is going to happen imminently, but we're in a position where we could at least start to look," Jordan said. Jen Drake, the COO of US cannabis firm Ayr Wellness, told Insider her focus is on integrating the seven acquisitions across five states the company has made over the past few months.Drake said that Ayr hopes to enter another three to five states, and she added she's carefully watching how New York's cannabis program develops, as well as other states that are weighing cannabis legalization this year. Raymond Chang, CEO of the newly public hydroponics company Agrify, said he expects to see lots of consolidation in the cannabis industry, even among the largest US and Canadian firms.Agrify is an ag-tech company that helps cannabis companies grow their crop more efficiently. Chang said he expects to look at deals that will spur vertical integration, such as adding equipment for the post-production process, which includes steps like packaging, drying, and curing.He added that he's actively looking at technology like plant genetics, cloning, biosecurity, more efficient LED lighting systems. Agrify raised $75 million through a stock sale in February. A team member of Aurora Cannabis works in the grow room at Aurora Sky cannabis growing greenhouse in Alberta, Canada, in this 2018 handout image. Alberta Cannabis Inc/Handout via REUTERS Canadian cannabis CEOs say they have some advantages over their US counterpartsMiguel Martin, the CEO of Aurora, says that although US companies have expanded in the aftermath of the elections, Canadian companies still do have an advantage — they have the ability to comply with complex federal regulations.Martin said that he expects more consumer and pharmaceutical companies will invest in cannabis, similar to beermaker Constellation Brands taking an equity stake in Canopy Growth and tobacco giant Altria investing in Canadian cannabis firm Cronos Group. Jazz Pharmaceuticals recently agreed to acquire US cannabinoid drugmaker GW Pharma in a $7.2 billion deal in early February. Canopy Growth has a deal to acquire US cannabis company Acreage Holdings when that's legally permissible. It also has a stake in TerrAscend, a US cannabis retailer. CEO David Klein said he doesn't foresee any big-ticket mergers in Canopy's near future, but added that the company will keep capital on the balance sheet for the "right sorts of transactions.""I'm not saying there's anything in our sights right now, but we'll be prepared to act when the time is right for us," Klein said, adding that he's "always fielding phone calls" from startups and other companies with potentially valuable intellectual property. Klein added that he expects more consolidation in the industry."I expect there will continue to be more M&A until it becomes a little more apparent who's going to win and what the winning strategy looks like," Klein said.For his part, Aphria CEO Irwin Simon said the company plans to get a foothold in the US as soon as it's able. The company recently agreed to merge with Tilray in a $4 billion deal. Aphria also recently purchased the Atlanta-based beer company SweetWater Brewing Co., known for its marijuana-themed 420 Extra Pale Ale, in a bid to get a foothold in the US. Simon said he's eyeing some US cannabis companies as potential acquisition targets once it's permissible to do so. "I think there's some great acquisitions in the US, MSOs that if I could buy today, I would love to do that," he told Insider.That's not to say Aphria is going to sit and just wait for legalization to happen in the US. "We're going to be progressive and look to expand on a global basis but what I want to say is, whenever legalization does happen in the US, we'll be ready to go," Simon said. "And hopefully we're going to be known as a player that will come into the market and has a lot to bring."In the meantime, Simon says he's focused on capturing as much of the Canadian market as possible and continuing to expand in Europe and Israel."We're making sure we put our tentacles in a lot of different places," he said. 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: How Zippo lighters are made More: Cannabis Marijuana m&a BI Graphics Shayanne Gal Canopy Growth Curaleaf TIlray Aphria Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. Deal icon An icon in the shape of a lightning bolt. 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Google Cloud to Acquire Looker and Take on AWS, Microsoft, and Oracle Menu icon A vertical stack of three evenly spaced horizontal lines. Search icon A magnifying glass. It indicates, "Click to perform a search". Insider logo The word "Insider". 0 Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. Log in Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. Subscribe Subscribe Business The word Business Life The word Life News The word News Reviews The word Reviews Search icon A magnifying glass. It indicates, "Click to perform a search". Insider logo The word "Insider". Close icon Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification. 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It often indicates a user profile. Log in Subscribe Subscribe Newsletters World globe An icon of the world globe, indicating different international options." US Edition US INTL Asia Deutschland & Österreich Australia España India Japan México Netherlands Polska South Africa Get the Insider App Click here to learn more A leading-edge research firm focused on digital transformation. See our Research Facebook Icon The letter F. Twitter icon A stylized bird with an open mouth, tweeting. LinkedIn icon The word "in". YouTube icon A play button in the shape of a television screen. Instagram icon A stylized camera. * Copyright © 2022. All rights reserved. Registration on or use of this site constitutes acceptance of our Terms of Service , Privacy Policy and Cookies Policy. Sitemap Disclaimer Accessibility Commerce Policy CA Privacy Rights Coupons Made in NYC Jobs Stock quotes by finanzen.net Reprints & Permissions Insider logo The word "Insider". Close icon Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification. Good Subscriber Account active since Shortcuts Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. Profile Newsletters FAQs Subscription Log out US Markets Loading... H M S In the news Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. HOMEPAGE Subscribe Subscribe Premium Home Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. Enterprise Experts say that Google Cloud's $2.6 billion acquisition of Looker could give it more of a competitive edge against Microsoft, Amazon, and Oracle Rosalie Chan 2019-06-06T21:14:29Z 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 Looker CEO Frank Bien (left) and Google Cloud CEO Thomas Kurian (right) Google This story is available exclusively to Insider subscribers. Become an Insider and start reading now. On Thursday, Google Cloud announced its intent to acquire Looker for $2.6 billion, and analysts say that's it's about time that Google Cloud moves into the artificial intelligence and analytics space.Although Google Cloud has its own analytics offerings, Looker brings in more enterprise features in data visualization and AI.Analysts also point out that Looker can run on multiple clouds, including Microsoft and Amazon Web Services, and this is an important part of Google Cloud's strategy under CEO Thomas Kurian.Visit Business Insider's homepage for more stories.Google Cloud announced on Thursday its plan to acquire Looker for $2.6 billion, and experts say the deal could give it a leadership position in data analytics — giving Google an edge as it competes against Microsoft, Amazon Web Services, and legacy companies like Oracle, IBM, and SAP.Looker provides data analytics for businesses. Google Cloud has similar offerings of its own — like BigQuery, Data Studio, and Cloud ML Engine — but analysts say that Looker adds more tools to their arsenal. "It gives them a more strategic play in the AI and analytics space," Maribel Lopez, founder and principal analyst at Lopez Research, told Business Insider. "It's a very complementary acquisition and I think you'll see other companies build out this toolkit."Specifically, Looker has features well-suited for large businesses to use, such as the ability to visualize data and apply artificial intelligence to it to answer tricky questions — but without the baggage that comes with signing on with legacy enterprise companies like Oracle, IBM, and SAP, experts say. Google Cloud's own offerings didn't have the bells and whistles needed for enterprises, analysts say, meaning that Looker helps the search giant plug a necessary gap in its product lineup.With Looker under its wing, Google can compete with Microsoft Power BI and Amazon's QuickSight, as well as independent companies like Tableau and Domo."Customers more and more are differentiating on analytics," Boris Evelson, vice president and principal analyst at Forrester, told Business Insider. "That's why analytics are so important. It's almost like the last frontier of competitive differentiation. We were surprised Google hasn't answered into this space awhile back. It's a very lucrative market."'A necessary step'This is the largest acquisition Google Cloud has made since Kurian took the reins as CEO earlier this year after leaving Oracle. In February, Google acquired the data platform Alooma, but that was a smaller deal, with an undisclosed purchase price. "It's also interesting that Kurian got an acquisition out of the gate so early," Lopez said. "That's something Oracle did a lot of. It's finding the right acquisitions and making sure you're building a portfolio for the next generation of services, not trying to recreate things that have already been done incrementally."Read more: Google Cloud's new CEO explains why it's spending $2.6 billion to acquire Looker, a startup that competes with Tableau and DomoDan Vesset, group vice president of analytics and information management at IDC, says that rather than starting from scratch, acquiring Looker was the fastest way for Google Cloud to get into this analytics space."Because they had been very close partners already, there was an understanding of the architecture and their engineers," Vesset told Business Insider. "It will be an attractive additional option to those who are subscribing to Google Cloud services...It's a necessary step. It would be a hole in their portfolio if they haven't done it."What's more, Looker works on multiple clouds, including Amazon's and Microsoft's — underscoring Kurian's strategy of making sure that Google Cloud tech integrates nicely with even its competitors' platforms, as a bid to win customers over. Kurian has said that Google has no plans to discontinue Looker's support for those other clouds. "This is quite an attractive function for existing Google customers and it's also attractive to prospects," Sanjeev Mohan, senior director analyst at Gartner, told Business Insider.Got a tip? Contact this reporter via email at rmchan@businessinsider.com, Telegram at @rosaliechan, or Twitter DM at @rosaliechan17. (PR pitches by email only, please.) Other types of secure messaging available upon request. You can also contact Business Insider securely via SecureDrop. Sign up for notifications from Insider! Stay up to date with what you want to know. Subscribe to push notifications 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: Five years ago, Google gave away a cloud computing project for free. Now people love it so much they're celebrating its anniversary in Spain. NOW WATCH: What's going on with Jeff Bezos and Amazon More: Cloud Computing Google Cloud Google Looker Business Intelligence Acquisition M&A 2019 m&a Data analytics Analytics Thomas Kurian 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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SumUp Acquires Customer Loyalty Platform Fivestars for $317 Million 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. Finance SumUp takes on PayPal and Square with Fivestars acquisition Adriana Nunez 2021-10-15T17:15:00Z Save Article Icon A bookmark Facebook Icon The letter F. Email icon An envelope. It indicates the ability to send an email. Share icon An curved arrow pointing right. Twitter icon A stylized bird with an open mouth, tweeting. Twitter LinkedIn icon The word "in". LinkedIn Fliboard icon A stylized letter F. Flipboard Link icon An image of a chain link. It symobilizes a website link url. Copy Link Download the app SumUp acquires customer loyalty platform Fivestars for $317 million. With broadened point-of-sale technology, SumUp can attract more merchant business in the US, an already competitive market. 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. UK-based point-of-sale (POS) tech provider SumUp acquired Fivestars, a customer loyalty platform based in the US, for $317 million, per a press release. Fivestars offers POS loyalty, marketing, and payments solutions to 12,000 small merchants, and its offerings have been used by 70 million consumers. SumUp has about 3 million merchant partners in 34 markets. Retail sales will reach $6 trillion this year. Insider Intelligence SumUp's Fivestars acquisition gives it a stronger foothold in the US, where its main competitors—including PayPal's Zettle and Square—do a lot of business.Just like these players, SumUp offers card readers, payment processing, invoicing, and other solutions—but it mostly serves the European market and some Latin American countries. But that market may be getting more competitive as Square and PayPal increasingly look overseas:Just last month, Square began testing the waters in Spain after moving into Ireland and France.And PayPal recently brought its in-store QR code payment offering to Germany, with plans to enter other markets, through a tie-up with Euronet.These expansion efforts may have influenced SumUp's decision to foray into the US.SumUp can use Fivestars to broaden its POS solutions and attract more merchant business.Fivestars' customer loyalty solutions can benefit SumUp, which doesn't offer these types of small-business services, especially as many US merchants work to rebuild their in-store customer bases post-COVID-19 lockdowns. This makes SumUp more of a one-stop shop, which can help it become a more attractive partner for US merchants—working with various providers can be more costly.Beyond courting new merchants, SumUp can take advantage of retail sales in the US to increase its own revenues. US retail sales are expected to grow 7.9% year over year (YoY)—faster than the UK, for instance, which will see 4.4% YoY growth, per eMarketer forecasts from Insider Intelligence.SumUp can also use Fivestars' POS technology to enhance its own suite of POS hardware and potentially give merchants a broader array of payment tools to choose from for in-person transactions. This should also position SumUp to benefit from in-store payments volume in the US, which is set to hit $5.621 trillion by the end of this year, according to our forecasts.Want to read more stories like this one? Here's how you can gain access:Join other Insider Intelligence clients who receive Payments & Commerce 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. Loading Something is loading. 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Marissa Mayer's M&A Strategy, And The Two Companies She Is Closest To Acquiring - Business Insider Tech BI Intelligence Events Trending Tech Finance Politics Strategy Life Sports Video All Continue to Business Insider » You will be redirected in seconds. × From To You have successfully emailed the post. Marissa Mayer's M&A Strategy, And The Two Companies She Is Closest To Acquiring Nicholas Carlson Nov. 21, 2012, 12:51 PM 19,370 23 facebook linkedin twitter email print novecentinoYahoo is deep in the process of looking at ad tech companies to acquire. We spoke with two sources familiar with the situation, and they explained to us what's going on. Here's what we learned. Yahoo's business is pretty simple. It makes money by selling ads on Web pages. This is the formula: Number Of Visits To Web Pages X Rate Yahoo Can Charge For Ads On Those Pages = Revenues That formula means there are only two ways for CEO Marissa Mayer to grow the business. Method One: She can increase the number of visits to Yahoo Web pages. The way Yahoo does that is by creating new popular products and media. Method Two: She can increase the rate Yahoo charges to put ads on Web pages. The way Yahoo does that is by using ad tech to find out as much as it can about the people looking at its Web pages, and, in "real-time" sell that inventory to buyers willing to pay more to reach certain demographics. Mayer is going to embrace both methods. Mayer's favorite thing to work on is consumer-facing products. So she's going to personally invest lots of time in "method one." As for "method two," Mayer would like to delegate. The problem is that Yahoo does not currently have a team running ad tech that Mayer trusts. There is a reason for this. Back in 2007, Yahoo acquired a hot ad tech company called Right Media for $680 million. This deal brought a huge amount of ad tech leadership into Yahoo. But since then, Right Media leaders Michael Walrath, Bill Wise, Wendi Sturgis, and Ramsey McGrory all quit to take senior roles at other companies (or, in the case of Walrath, start investing in companies). In short, Yahoo botched the integration of its huge acquisition. This happened for the same reasons that Yahoo as a whole has suffered over the past five years. It had a horrible board that hired under-performing CEOs. All that said, our sources say that Yahoo believes it still owns a solid brand in the name "Right Media" or "RMX" – even if Right Media's leadership is gone and its technology has rotted. So Mayer's plan, according to our sources, is to buy an ad tech company with a strong executive bench, and install it as the new leadership of Yahoo RMX. There are lots of candidates Yahoo is considering, but our sources say there are two current favorites. The one Yahoo likes best, according to a Yahoo source, is called Rubicon. Founded in 2007, Rubicon's clients are publishers. Rubicon helps them categorize their ad inventory and sell it to the highest-bidding marketers. Yahoo would acquire it, and essentially become its sole client. Yahoo especially likes the depth of Rubicon's executive bench. The problem with Rubicon is that it has raised more than $50 million from startup investors. Startup investors expect a 5x to 10x return on their money. So Rubicon is not cheap. It'd cost Yahoo several hundred million dollars to buy. During Yahoo's last earnings call, Mayer said that Yahoo will be acquiring companies, but only in the tens and low hundreds of millions of dollars range. A second Yahoo source cautions us, however, that Yahoo could buy Rubicon if it wanted to. It's true; industry M&A bankers say that between Yahoo's cash and its reasonably liquid assets, like a stake in Yahoo Japan, Yahoo has about $10 billion it could spend. Our Yahoo source says just don't expect Mayer to run out and spend a billion dollars on something like Pinterest. So perhaps Rubicon's price is not too rich for Yahoo. If it is, however, the first Yahoo source tells us the next company on its list is one called PubMatic. Like Rubicon, Pubmatic's clients are publishers. It helps them optimize their inventory. Over the summer, Evercore put out a note that said acquiring a couple of companies, including PubMatic, could increase Yahoo EBITDA by $400 million. Mayer didn't miss that detail. The problem with PubMatic, from Yahoo's perspective, is that it does not have a deep bench of executives or technical people. A source close to Pubmatic tells us the reason its executives may not seem as strong as Rubicon's is that PubMatic is not going through a fundraising process, and executives have not spent a lot of time prepping for meetings with investors. This source says PubMatic CEO Rajeev Goel does not want to distract his team. This source says that Rubicon, meanwhile, has hired Merrill Lynch/Bank Of America and is in the middle of a fundraising process. To be clear, it is not certain that Yahoo will buy Rubicon, PubMatic, or even any ad tech firm. What can report, for sure, is that two Yahoo sources tell us that Yahoo wants to buy an ad tech company in order to install a new team to run RMX. One of these Yahoo sources says that the current favorites are Rubicon and Pubmatic. More: Yahoo Marissa Mayer facebook linkedin twitter email print Recommended For You Comments Comments on this post are now closed. Insiders 0 All Comments 23 Apply To Be An "Insider" » Loading Marissa Mayer's M&A Strategy, And The Two Companies She Is Closest To Acquiring Marissa Mayer's M&A Strategy, And The Two Companies She Is Closest To Acquiring She's doing the math. 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SEOmoz Acquires Followerwonk – A Perfect Small Acquisition - 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 Contributors 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 PAUL TUDOR JONES: Babies Are The Biggest 'Killer' Of Women's Trading Success PAUL TUDOR JONES: Babies Are The Biggest 'Killer' Of Women's Trading Success Amazon Vs. Costco: Which Is Better For Buying In Bulk? 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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. SEOmoz Acquires Followerwonk – A Perfect Small Acquisition Brad Feld, Feld Thoughts \| Aug. 16, 2012, 7:49 AM \| 164 \| Email More Share on Tumblr Tweet Email Share on Tumblr Brad Feld URL Brad Feld is a managing director at Foundry Group Recent Posts Announcing UP Global Patent and Immigration Reform Activities An Unexpected Night In The Hospital Feld Thoughts Announcing UP Global Patent and Immigration Reform Activities An Unexpected Night In The Hospital When I saw this graph I was hooked. If you are a Twitter user and you don’t use Followerwonk, go try it now – I’ll be here when you return. Yesterday, SEOmoz announced that it had acquired Followerwonk. The acquisition closed about six weeks ago and the Followerwonk product has been fully integrated into SEOmoz. And the Followerwonk team is now fully part of the SEOmoz team. And it’s awesome. Rand Fishkin (SEOmoz’s CEO) blogs openly about how the deal happened. It’s instructive for anyone in a startup – either one that is acquiring someone else or being acquired. If you know me, or have worked with me, you’ll recognize this as a common part of my startup playbook. I think it’s incredibly powerful to accelerate the growth of a company via targeted acquisitions. Fred Wilson once referred to this as a “venture rollup” which, while many are allergic to the word “rollup”, is probably as good a label as any for this. Another recent example from my world just to see what I mean is Rally Software’s acquisition of Agile Advantage. Doing this well is hard. I’ve been fortunate to work with several amazing CEOs who I’ve learned a lot about how to do this with, including Matt Blumberg (Return Path), Tim Miller (Rally), Mark Pincus (Zynga), and JB Holston (NewsGator). And I learned the basis of everything I know about acquisitions from Len Fassler and Jerry Poch, who acquired my first company. Each has used the strategy skillfully and effectively. I think Rand, who is using this strategy as part of continuing to build out SEOmoz, is going to be a master at it. If you read his post carefully, you’ll see that he has immense respect for the people behind Followerwork. His behavior pre-deal is consistent with his values and signals his behavior post deal. The entire company embraced Followerwonk and made them part of the SEOmoz gang immediately. He, and the entire team extended trust up front, unambiguously, and without hesitation or reservation. Peter, Marc, and Galen – welcome to the team! Read more posts on Feld Thoughts » Recommended For You Please follow SAI on Twitter and Facebook. Follow Brad Feld on Twitter. 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Why Facebook Should Acquire Snowballing Video-Chat App Zoom 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 Zoom is skyrocketing, but now it's feeling the strain. The solution? Facebook should buy it. Rob Price 2020-04-11T12:05:00Z Save Article Icon A bookmark Facebook Icon The letter F. Email icon An envelope. It indicates the ability to send an email. Share icon An curved arrow pointing right. Twitter icon A stylized bird with an open mouth, tweeting. Twitter LinkedIn icon The word "in". LinkedIn Fliboard icon A stylized letter F. Flipboard Facebook Icon The letter F. Facebook Email icon An envelope. It indicates the ability to send an email. Email Link icon An image of a chain link. It symobilizes a website link url. Copy Link Read in app Facebook Chairman and CEO Mark Zuckerberg testifies at a House Financial Services Committee hearing in Washington, U.S., October 23, 2019. REUTERS/Erin Scott This story is available exclusively to Insider subscribers. Become an Insider and start reading now. Redeem now Resolved: Facebook should buy group video-chat app Zoom.Zoom has gone meteoric due to COVID-19, but now it's struggling under the strain of growth and security scares.Facebook has almost two-decades' experience of growing social platforms and weathering thorny scandals.An acquisition would boost Facebook's consumer-facing products while also providing new benefits to Zoom users.It would also help grow Workplace, Facebook's business-focused product.But there are some major challenges that would need to be overcome.Click here to get BI Prime's weekly 'Trending' tech newsletter in your email inbox.Zoom never predicted any of this.Once just a firmly corporate-focused video chat app, the service has gone gangbusters in recent months — boosted by unprecedented demand sparked by the pandemic, and the resulting human lockdowns across the globe. In the space of four months, it has soared from 10 million users to 200 million, hosting quiz nights, karaoke, virtual happy hours, and a million other unanticipated uses.As CEO Eric Yuan wrote in an open letter to users at the beginning of April, "our platform was built primarily for enterprise customers – large institutions with full IT support ... we did not design the product with the foresight that, in a matter of weeks, every person in the world would suddenly be working, studying, and socializing from home."It has risen to the challenge, but the strain is clear. It's facing numerous security scares, and organizations from Google to NASA have banned workers from using it, sending the company into damage control. But an unconventional solution presents itself. Zoom should consider allowing itself to be acquired by another company that is experienced in growing services rapidly, well-versed in the social web, and no stranger to weathering controversy: Facebook.Hear me out.First, there's the question of cost. As of this writing, Zoom's market cap is around $34.7 billion. There'd be a significant premium on that for any buyout, but it's still eminently doable for Facebook, which had $54.9 billion in cash on hand as of the end of 2019, and a market cap of almost $500 billion. (Facebook's also not afraid of splashing the cash: It spent almost $22 billion to acquire WhatsApp in 2014.) But what's the upside of absorbing Zoom?Well, it makes total sense for Facebook.Acquiring Zoom would help it stay on top of how people are interacting online today, giving it direct ownership of what is suddenly the hottest new social networking app on the planet. Facebook could funnel these users back into its other services, while enriching Zoom with its sophisticated augmented reality filters, video-chat games, and other features that fall outside of Zoom's traditional expertise. Similarly, buying Zoom would give Facebook its excellent underlying video-conferencing technologies, which the merged companies could then implement elsewhere. Zoom would also provide Facebook with an extraordinary boost to Workplace, its work platform targeted at businesses. Every corporate Zoom subscriber could be given access to new tools, growing Facebook's userbase and in turn (theoretically) enriching the business users' experience. And the acquisition would help further build out Facebook's enterprise sales team, lessening the company's still-overwhelming reliance on advertising revenue, a model that has been shaken by the pandemic.There's also a clear benefit to Zoom. For years, growth has been Facebook's north star. While Zoom has held up extraordinarily well over the last few months' growth, all things considered, Facebook's experience in growing services to the point of billions of users is almost unparalleled. The much larger company could share invaluable lessons with Zoom. Facebook has also learned the extremely hard way about the underbelly of the internet — from hacking and data misuse to failures of content moderation — and it could help Zoom avoid the same mistakes.It's not a perfect match, of course.Facebook, like other big tech firms, is already facing increased antitrust scrutiny — and snapping up a $30 billion company would only intensify this. Facebook might decide the potential fight isn't worth its time right now, especially as it focuses on coronavirus-related initiatives and manages existing projects like its ambitious "pivot to privacy."But the fact that Zoom isn't a traditional social networking firm means its purchase would set off fewer alarm bells than if Facebook were to buy another consumer app like Snapchat. Facebook is nowhere close to dominant in the enterprise software space where Zoom originated. And Facebook would still face weightier competitors in that space, such as Cisco and Google.There are also redundancies with what Facebook is already building, and the company might view that duplication as outweighing the value Zoom could bring to the company. Also, Facebook has been battling scandals for years, from Cambridge Analytica to its role spreading hate speech that fueled genocide in Myanmar. It might simply decide that it doesn't want to unleash any self-inflicted demons right now.If Facebook decides it's up to the challenge, though, it would be one of the most audacious tech deals of the decade — and one that could propel both firms to new heights.Do you work at Facebook or Zoom? Contact this reporter via encrypted messaging app Signal (+1 650-636-6268), encrypted email (robaeprice@protonmail.com), standard email (rprice@businessinsider.com), Telegram/Wickr/WeChat (robaeprice), or Twitter DM (@robaeprice). Use a non-work device to reach out. We can keep sources anonymous. PR pitches by standard email only, please. 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: What it's like to get coronavirus in New York City, from diagnosis to treatment and recovery Facebook Zoom coronavirus More... Read next Follow us on: * Copyright © 2023 Insider Inc. All rights reserved. Registration on or use of this site constitutes acceptance of our Terms of Service and Privacy Policy. Contact Us Masthead Sitemap Disclaimer Accessibility Commerce Policy Advertising Policies 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	M&A	1	[ { "label": "M&A", "score": 1 } ]
Mergers and Acquisitions Are Causing Finance Mistakes 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. CFO Insider An increase in mergers and acquisitions is causing big mistakes inside finance departments James Kosur 2015-10-23T14:24:59Z 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 Mergers & acquisitions have vastly increased since 2007, causing headaches for finance departments. Spencer Platt/Getty Images The increasing number of mergers and acquisitions is leading to more mistakes from finance departments. Acuitas, an Atlanta-based valuation and litigation consultancy that specializes in fair value measurements, conducted an analysis of Public Company Accounting Oversight Board (PCAOB) inspections and found that corporate auditors are struggling to keep up with mergers and acquisitions following the 2007 financial crisis. In its 2015 survey of fair value audit deficiencies, Acuitas found that 49% of fair value measurement (FVM) audit deficiencies in 2013 were attributable to an increase in mergers and acquisitions activity.That's an increase of 4% from the same study in 2012 and an increase of 9% on average from 2008 to 2011. The study discovered numerous mistakes being made by finance departments. Those errors include improperly testing data for cash-flow projections and improperly testing how management techniques were being used to value assets. In other instances, the finance team was failing to find intangible assets that needed to be assigned a value. “We have seen a significant shift from the years where FVM deficiencies were largely the result of financial instruments to the current trend of business combinations and a failure to test or understand financial assumptions,” said Mark Zyla, managing director of Acuitas.“This shift has likely been caused by audit improvements for financial instruments that resulted from the PCAOB inspection process and by increased merger activity in recent years,” he said.The PCAOB discovered that 43% of all audits had deficiencies, compared to 16% in 2009. They also found that fair value measurement and impairment deficiencies accounted for 31% of those errors. At the top 25 firms investigated, the PCAOB discovered that 45% of all deficiencies were caused by errors in FVM issues surrounding risk assessment and internal controls testing. Only 22% of errors were blamed on FVM deficiencies from 2008 and 2012. “The auditing community should certainly be concerned about the continuing increase in deficiencies caused by a failure to assess risk and internal controls, and the PCAOB’s assessment that they are caused by ‘a lack of due professional care,’” Zyla said. 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: The most expensive and extravagant vacations in the world CFO Insider CFO CFOs More... 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IPG Acquires Stake in Online Marketing Firm Huge Insider logo The word "Insider". Set up later Close icon Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification. 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". Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. BI Prime Intelligence Log in Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. Subscribe Subscribe Business The word Business Life The word Life News The word News Reviews The word Reviews Search icon A magnifying glass. It indicates, "Click to perform a search". Insider logo The word "Insider". Close icon Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification. 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It indicates a way to close an interaction, or dismiss a notification. Good Subscriber Account active since Edit my Account Free subscriber-exclusive audiobook! “No Rules Rules: Netflix and the Culture of Reinvention” Get it now on Libro.fm using the button below. Redeem your free audiobook Premium Articles Upgrade Membership Newsletter Preferences My Subscription FAQs Log out US Markets Loading... H M S DOW -0.00% S&P 500 -0.00% NASDAQ 100 -0.00% 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 IPG Acquires Stake In Online Marketing Firm Huge Michael Learmonth 2008-07-30T16:31:00Z 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 Interpublic Group (IPG) took an undisclosed stake in Huge, an online marketing firm that creates Web sites for clients like Ikea, JetBlue, Nutrisystem, Scholastic and Warner Music Group. Terms of the deal, and the size of the stake, were not disclosed. Huge has 130 employees in New York, Los Angeles, Atlanta and London. Global ad agencies like Interpublic have been eager to follow the advertising dollars flowing away traditional media and into marketing services. So far, the strategy has worked and they've managed to weather the U.S.-led advertising downturn better than their ad-supported peers in media. See Also: What Ad Recession? 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Sundar Pichai: Google never offered to acquire WhatsApp - Business Insider Tech BI Intelligence Events Trending Tech Finance Politics Strategy Life Sports Video All × From To You have successfully emailed the post. × Google Says It Never Offered To Buy WhatsApp For Billions Of Dollars Alyson Shontell Feb. 27, 2014, 10:23 AM 1,523 1 facebook linkedin twitter email print Sundar Pichai Google There have been multiple reports that Google offered to buy WhatsApp for $10 billion and that it was willing to outbid Facebook's $19 billion offer. But Google Vice President Sundar Pichai says neither of those things are true. "WhatsApp was definitely an exciting product," Pichai said at World Mobile Congress this week in Barcelona. The Telegraph's Matt Warman first reported the quote. "We never made an offer to acquire them. Press reports to the contrary are simply untrue." It's not clear what Pichai's definition of an "acquisition offer" is. He may mean no formal offer was ever given, or he may mean the talks never happened. Pichai says the two companies had been communicating, but not about an acquisition. Here's what another Google executive, Eric Schmidt, had to say about the Google-WhatsApp buyout rumors. More: Google WhatsApp Sundar Pichai facebook linkedin twitter email print × Recommended For You Powered by Sailthru Comments Comments on this post are now closed. Insiders 0 All Comments 1 Apply To Be An "Insider" » Loading Google Says It Never Offered To Buy WhatsApp For Billions Of Dollars Google Says It Never Offered To Buy WhatsApp For Billions Of Dollars There have been multiple reports that Google... Recommended For You Featured These high-tech classes are the coolest thing happening in schools today More "Future Now" » Neil deGrasse Tyson and Al Gore on the future of our planet — and everything else More "Innovators" » Get Tech Emails & Alerts Sign-Up Learn More » Tech Select Tech Chart Of The Day Business Insider Select 10 Things In Tech You Need To Know Mobile Insights BII Mobile Insights More Featured Business Insider Select Tech Select Tech Chart Of The Day Markets Chart Of The Day 10 Things Before the Opening Bell Instant MBA Business Insider Events BI Intelligence Daily Industry Insider Finance Finance Select Markets Select Monday Scouting Report Your Money Select Financial Advisor Insights Smart Investor CFO Insider Finance Insider Wealth Advisor Select Strategy Strategy Select Advertising Select Retail Select Careers Select 10 Things You Need To Know In Advertising Politics Politics Select Military Select Life Life Select Transportation Select Education Select Entertainment Select Breaking News Tech Enterprise Select Science Select Mobile Chart Of The Day E-Commerce Chart Of The Day Payments Chart Of The Day Digital Media Chart Of The Day IoT Chart of the Day Fintech Briefing Charts of the Day Sports Chart Of The Day Top 10 Things 10 Things In Tech You Need To Know Closing Bell Sports Sports Latest Research Our 25 Top Tech Predictions The Payments Ecosystem Report The Fintech Ecosystem Report The Internet of Things Report Read Business Insider On The Go Available for iPhone, iPad, and Android Find A Job Tech Jobs C-Level Jobs Media Jobs Design Jobs Finance Jobs Sales Jobs See All Jobs » Thanks to our partners * Copyright © 2016 Business Insider Inc. All rights reserved. Registration on or use of this site constitutes acceptance of our Terms of Service and Privacy Policy. Disclaimer Commerce Policy Made in NYC Stock quotes by finanzen.net International Editions: UKDEAUSIDINMYSGPLSE	M&A	1	[ { "label": "M&A", "score": 1 } ]
Intel Acquires Altera — Google's Smart-Clothing Experiment — Airbus Invests in Digitizing Manufacturing Menu icon A vertical stack of three evenly spaced horizontal lines. Search icon A magnifying glass. It indicates, "Click to perform a search". Insider logo The word "Insider". 0 Newsletters Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. Log in Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. 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H M S In the news Close icon Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification. Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. HOMEPAGE 0 Newsletters Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. Log in Subscribe Subscribe Home Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. Insider Intelligence Intel acquires Altera — Google's smart-clothing experiment — Airbus invests in digitizing manufacturing Jonathan Camhi 2015-06-02T11:00:00Z Save Article Icon A bookmark Facebook Icon The letter F. Email icon An envelope. It indicates the ability to send an email. Share icon An curved arrow pointing right. Twitter icon A stylized bird with an open mouth, tweeting. Twitter LinkedIn icon The word "in". LinkedIn Fliboard icon A stylized letter F. Flipboard Link icon An image of a chain link. It symobilizes a website link url. Copy Link Download the app Good morning! IoT INSIDER is delivered first thing every morning exclusively to BI Intelligence members and INSIDER subscribers.What should we be covering? We'd like to hear from subscribers. Write jcamhi@businessinsider.comINTEL BUYS ALTERA TARGETING DATA CENTERS AND THE IoT: The IoT continues to drive semiconductor consolidation as Intel announced that it is acquiring programmable chipmaker Altera for $16.7 billion. The acquisition comes less than a week after rival chipmakers joined forces when Avago Technologies acquired Broadcom (and its portfolio of IoT chips and developer kits) for $37 billion.The Altera acquisition will boost Intel’s position in two growing semiconductor markets: data centers and the Internet of Things. Altera’s programmable chips technology is in high demand in both markets, as the flexible chip technology allows users to configure the chips after purchase and upgrade them through real-time software updates.Altera is one of the few companies making such chips, which have been increasingly in demand among the cloud computing data center providers like Microsoft, Google, and Amazon. Updating chip technology through software speeds up server maintenance at their massive data centers while lowering costs. Intel expects this economic benefit will make programmable chips attractive for the huge number of IoT devices like connected cars that will go online over the next few years. Intel CEO Brian Krzanich told investors on a conference call that he expects the growth of new segments like IoT devices to drive 60% of the value of the Altera acquisition. Bi Intelligence GOOGLE PARTNERS WITH LEVI’S ON SMART CLOTHING FABRICS: Google announced last week at its developer conference that it is working on smart clothing fabrics that will allow wearers to control their mobile devices with movements and gestures. For instance, Google demonstrated the ability to play music on a smartphone by making a gesture, so the wearer doesn’t have to take the phone out.The smart-clothing project, called Project Jacquard, is producing a type of smart yarn that clothing companies can weave into their products. Google also announced that Levi Strauss is partnering with the project to help produce smart fabrics at a mass scale.They'll have to overcome a number of obstacles before smart fabrics are ready for use in the real world, beginning with the textile manufacturing process's heat, which is bad for electronics. Plus smart fabrics can only be made in a limited number of colors and need some kind of a power source. AIRBUS ANNOUNCES $150 MILLION VENTURE CAPITAL FUND FOR DIGITAL MANUFACTURING: Airbus Group announced a new Silicon Valley innovation center and a $150 million venture capital fund dedicated to improving the airplane maker’s manufacturing technology and processes. The announcement comes just weeks after Airbus CEO Tom Enders and other executives toured Silicon Valley. Enders said he wants Airbus to develop a more innovative culture and speed up the manufacturing of its products.Both Airbus and Boeing have nearly a decade’s worth of orders to fill right now, so both companies are focused on improving their manufacturing operations for speed and efficiency by adding more digital capabilities to their assembly lines. Airbus presented a plan for a future factory that included collaborative robots working alongside employees, but said it is still a long way off from realizing that vision.AT&T, IBM, AND MUELLER WATER PRODUCTS PARTNER ON SMART WATER MANAGEMENT: AT&T, IBM, and Mueller Water Products joined together to develop a new solution for smart cities to manage their water systems and prevent leaks. The solution has been piloted in Atlanta, Los Angeles, and Las Vegas, and detects leaks from fire hydrants, underground pipes, and drainage systems using sensors and sound technology from Mueller. Data collected by the sensors on temperature and water pressure is then sent over AT&T’s LTE network and collected in IBM’s Water Management Center and analyzed to prevent leaks and improve water system management. The system can detect small leaks throughout a pipeline network, allowing maintenance workers to fix them quickly before they develop into larger leaks. CANARY, SMART HOME MONITORING PROVIDER, GETS $30 MILLION IN FUNDING: Startup Canary, which provides a smart home monitoring solution, announced that it has raised $30 million in Series B funding. The Canary solution includes sensors and cameras that monitor the home for temperature, air quality, and home security. If the system detects an intruder or a change in air quality it notifies the home owner via smartphone notification. The Canary system is available through Amazon, Best Buy, and Home Depot’s website.Here's what else BI Intelligence subscribers are reading...The Apple CarPlay and Android Auto report: how the connected car platforms work and where their opportunities lieThe self-driving car report: forecasts, tech timelines, and the benefits and barriers that will impact adoptionWhat IoT devices are likely to have screens? Sign up for notifications from Insider! Stay up to date with what you want to know. 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Marissa Mayer's Acquisition Strategy Will Fail, Says VC - Business Insider Tech BI Intelligence Events Trending Tech Finance Politics Strategy Life Sports Video All Continue to Business Insider » You will be redirected in seconds. × From To You have successfully emailed the post. Marissa Mayer's Acquisition Strategy Will Ruin Yahoo Employee Morale, Says VC Nicholas Carlson May 14, 2013, 11:17 AM 13,738 16 facebook linkedin twitter email print APYahoo CEO Marissa MayerYahoo CEO Marissa Mayer believes her company needs more talented and enterpreneurial engineers and product managers. (She's right!) So, for the last six months or so, Mayer has been acquiring small, failed mobile startups for small amounts of money, turning off their products, and integrating their teams into Yahoo's larger workforce. These deals are called "acqui-hires." Usually, they cost about $1 million per engineer. Mayer has done about ten of them since she joined Yahoo last summer. Just last Friday, Yahoo bought a tiny little company called Loki Studios. Yahoo isn't the first company to do a lot of them. Google buys dozens of startups for this reason every year. Facebook also hires people this way. Venture capitalist Mark Suster – who is famous in his industry for selling two companies, and the joining GRP Partners – says that Mayer's acqui-hire strategy is actually really terrible, because it will drain morale from existing employees. He writes: Why Acquihires Hurt the Acquiring Company How about if we look at it from the “rest of company” perspective. You have been at Google, Salesforce.com, Yahoo! for years. You have worked faithfully. Evenings. Weekends. Year in, year out. You have shipped to hard deadlines. You’ve done the death-march projects. In the trenches. You got the t-shirt. And maybe got called out for valor at a big company gathering. They gave you an extra 2 days of vacation for your hard work. And that prick sitting in the desk next to you who joined only last week now has $1 million because he built some fancy newsreader that got a lot of press but is going to be shut down anyways. What kind of message does that send to the party faithful who slave away loyally to hit targets for BigCo? I’ll tell you what is says. It says if you want to make “real” money - quit. Go do a startup. Get some famous angel or seed money. Get yourself in a big demo day competition. Woo the press. Hire legions of young, impressionable graduates from the top engineering universities. And then come back and sell me your company. I know many rank-and-file employees. I’ve had the chats with them. You rarely meet people who don’t resent the scores of entitled acquihirees of their company. Does Yahoo! et al really have to keep up with the Jones’s to build its future? For the 200 new employees they’ll get through acquihires do they unleash 2,000 unhappy existing employees? Sure, most won’t quit. Because they know that it’s not a slam dunk to start a business and get acquired. But the most talented of those 2,000 will. What if the $100 million you’re going to spend trying to win this alleged “war for talent” in stead went into big retention plans to keep your most talented employees. You can’t “Roll Out the Red Carpet When Your Best Employees are on the Way Out the Door” as I wrote in this post. So why not announce big, hairy audacious goals on recruiting the best mobile talent with sign-on bonuses and retention plans? And reward your existing top 10% of employees handsomely. I’ll bet the ROI would be higher than acquihires. More: Yahoo Marissa Mayer facebook linkedin twitter email print Recommended For You Comments Comments on this post are now closed. Insiders 4 All Comments 16 Apply To Be An "Insider" » Loading Marissa Mayer's Acquisition Strategy Will Ruin Yahoo Employee Morale, Says VC Marissa Mayer's Acquisition Strategy Will Ruin Yahoo Employee Morale, Says VC "It says if you want to make 'real' money - quit." 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Getir Acquires Grocery-Delivery Rival Gorillas 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. Tech Rapid-delivery startup Getir buys its rival Gorillas at a big discount as grocery apps continue to eat each other Michael Cogley and Hasan Chowdhury 2022-12-09T13:23:05Z 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 Rapid delivery startup Gorillas has been acquired by Turkish rival Getir. Gorillas Redeem now Grocery-delivery startup Getir has acquired its German rival Gorillas at a hefty discount. Gorillas tried to raise capital to continue to operate on its own but has accepted the deal from Getir. The Berlin-based startup, which slashed jobs earlier this year, was valued at around $3 billion in 2021. Insider recommends waking up with Morning Brew, a daily newsletter. 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 also agree to marketing emails from both Insider and Morning Brew; and you accept Insider’s Terms and Privacy Policy. Click here for Morning Brew’s privacy policy. Troubled grocery-delivery startup Gorillas has been acquired by its larger Turkish competitor Getir for a hefty discount Insider first reported last month that Berlin-based Gorillas, founded in 2020, would likely be sold at a discount. The Financial Times reported Friday that the Getir-Gorillas deal was worth $1.2 billion and mostly comprised equity. Gorillas was last valued at $3 billion in 2021.Tiger Global-backed Getir, which was founded in 2015, confirmed the news in a statement on Friday. The company said its acquisition of Gorillas underscored how it led "consolidation" in the rapid delivery sector."Markets go up and down, but consumers love our service and convenience is here to stay," Getir founder Nazim Salur said. "The super fast grocery delivery industry will steadily grow for many years to come and Getir will lead this category it created 7 years ago." Insider has approached Getir and Gorillas for further comment.Gorillas was one of a batch of startups that emerged during the pandemic promising to deliver groceries to customers' doors in minutes. The Berlin-based company, which slashed hundreds of jobs in May, counted the likes of hedge fund Coatue, tech giant Tencent, and DST Global among its backers.The startup benefitted from an era of cheap cash where investors were happy to pump capital into loss-making businesses, plus the pandemic inducing global lockdowns.Gorillas and its rivals gained notoriety for pursuing competitive ad campaigns that sought to onboard customers through aggressive discounts, and for establishing a pricey delivery model that involved setting up so-called dark warehouses to deliver on their promises of getting groceries to customers in less than 30 minutes. However, a post-pandemic shift in habits, the shift in macroeconomic conditions driven by high inflation, and the war in Ukraine turned investors cold on startups that are regularly losing cash.Nalin Patel, lead analyst for EMEA private capital at Pitchbook, said the deal made sense strategically as both Getir and Gorillas battled with layoffs in the face of these growing macro challenges.Patel pointed to a fall in discretionary spending, as rising inflation has forced consumers to tighten their purse strings, as well as a reduced reliance on rapid grocery delivery services in general as COVID-19 restrictions that were in place during 2020 and 2021 had been lifted."This combination of factors has meant fewer people are using these platforms, and growth has been much harder to achieve, particularly in a low margin and crowded industry such as the food delivery space, which requires vast scale for profitability," Patel said. The acquisition marks one of the most significant moves to consolidate the rapid grocery delivery market to date at the tail end of a period that has seen several European startups seeking to plant their flag get bought up. In May, German rapid grocery delivery unicorn bought competitor Cajoo, which had been backed by French giant Carrefour in a deal reported to be worth almost $100 million. Getir, meanwhile, had previously acquired smaller British competitor Weezy.The opportunities to buy European startups in the sector have attracted US attention too. US tech firm Gopuff, last valued at $15 billion, agreed to acquire British competitor Dija in August 2021 after it was in business for just eight months.Insider's Tom Dotan reported last December that there would be widespread casualties in the rapid grocery delivery sector in 2022. Sign up for notifications from Insider! Stay up to date with what you want to know. Subscribe to push notifications Read next NOW WATCH: Customers expect CEOs to take action against climate change now more than ever, Unilever executive says Gorillas Grocery Delivery Getir 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 and Privacy Policy. Contact Us Masthead Sitemap Disclaimer Accessibility Commerce Policy Advertising Policies 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	M&A	1	[ { "label": "M&A", "score": 1 } ]
Facebook Acquires Popular GIF Database Giphy for Reported $400 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. 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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 Facebook acquires popular GIF database Giphy for reported $400 million Paige Leskin 2020-05-15T14:40:53Z 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 Your browser does not support the video element. Facebook is acquiring Giphy, the popular GIF database, both companies confirmed Friday.Giphy will become part of the Instagram team, and its GIF library will continue to be operational and usable on partnering apps and platforms.News outlets are reporting the deal was valued between $300 million and $400 million.Visit Business Insider's homepage for more stories. 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 is acquiring Giphy, the popular service used by consumers to create the short, looping 'GIF' animations that litter social media, in a surprise deal reportedly valued between $300 million and $400 million.The move, which represents one of Facebook's largest deals in years, gives Facebook control of an important content-creation tool that keeps users engaged on its various apps, as well as valuable data that shows how consumers are using competing services. Giphy, a New York-based startup founded in 2013, will be folded into the team at Facebook-owned Instagram, Facebook said in a blog post on Friday. The company said that Giphy's vast library GIFs will continue to operate separately.A Facebook spokesperson told Business Insider that the deal closed on Friday morning. The companies did not disclose how much Giphy sold for, but news outlets pegged the price at between $300 million and $400 million. That would represent a steep discount to Giphy's last valuation as a private company in 2017, when Giphy fetched at $600 million valuation, as reported in Business Insider, after raising $150 million in funding.The timing of the deal — amid the coronavirus pandemic that has squeezed many startups and big businesses alike — may have allowed Facebook to snap Giphy up at a bargain price. Facebook had unsuccessfully tried to acquire Giphy in 2015, according to CNBC.The acquisition also comes at a time when Big Tech companies, including Google and Amazon, have come under growing antitrust scrutiny from regulators and politicians. In April, David Ciciline, the chairman of the US House of Representatives Antitrust Committee, called for a temporary ban on mergers during the coronavirus pandemic."By bringing Instagram and GIPHY together, we can make it easier for people to find the perfect GIFs and stickers in Stories and Direct," Facebook executive Vishal Shah wrote in the post. "A lot of people in our community already know and love GIPHY. In fact, 50% of GIPHY's traffic comes from the Facebook family of apps, half of that from Instagram alone." Gipyhy also said that third-party apps that have integrated the GIF library into their platforms will still be able to do so. Partnering platforms who use Giphy include Tinder, Twitter, Snapchat, and Slack. Instagram and Facebook have also long used GIPHY to provide GIFs in Instagram Stories and Direct Messages, as well as Facebook Messenger."Based on the success of those collaborations (and many others) we know that there are exciting times ahead of us," Giphy wrote Friday in a blog post on Medium. "GIPHY's GIFs, Stickers, Emojis, etc. aren't going anywhere. We will continue to make GIPHY openly available to the wider ecosystem." Sign up for notifications from Insider! Stay up to date with what you want to know. Subscribe to push notifications Read next NOW WATCH: Facebook's recent struggles have investors in a panic — and looming regulation could forever change how it does business Facebook Instagram 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 © 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	M&A	1	[ { "label": "M&A", "score": 1 } ]
The FTC just got two more weeks to review Google's proposed acquisition of mobile ad network AdMob, the NYT reports. ... http://www.businessinsider.com/the-ftc-just-got-two-more-weeks-to-review-googles-proposed-acquisition-of-mobile-ad-network-admob-the-nyt-reports--2010-5/comments en-us Thu, 05 May 2016 08:43:45 -0400 Thu, 05 May 2016 08:43:45 -0400 http://static3.businessinsider.com/assets/images/bilogo-250x36-wide-rev.png Business Insider http://www.businessinsider.com	M&A	1	[ { "label": "M&A", "score": 1 } ]
FTX's Sam Bankman-Fried Points to Coinbase As Potential Acquisition 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 FTX founder Sam Bankman-Fried points to Coinbase as potential acquisition target for his company Kali Hays 2022-10-25T22:25:23Z Save Article Icon A bookmark Facebook Icon The letter F. Email icon An envelope. It indicates the ability to send an email. Share icon An curved arrow pointing right. Twitter icon A stylized bird with an open mouth, tweeting. Twitter LinkedIn icon The word "in". LinkedIn Fliboard icon A stylized letter F. Flipboard Facebook Icon The letter F. Facebook Email icon An envelope. It indicates the ability to send an email. Email Link icon An image of a chain link. It symobilizes a website link url. Copy Link Read in app Sam Bankman-Fried co-founded the crypto exchange FTX in 2019. FTX This story is available exclusively to Insider subscribers. Become an Insider and start reading now. Redeem now Bankman-Fried confirmed talks on funding for FTX and more acquisitions. The crypto trading platform has already made several investments and acquisitions this year. "In this market, there are a lot of opportunities," Bankman Fried said. Sam Bankman-Fried is hunting for more acquisitions for his crypto trading platform FTX, and Coinbase could be a target.Asked Tuesday about doing more acquisitions during The Wall Street Journal's Tech Live conference, Bankman-Fried confirmed previous reports of funding talks for FTX. He did not specify how much his company was looking to raise, despite reports of it looking for $1 billion, saying only "there have been some talks going on in tandem with some acquisition talks going on, looking at ways we can grow the company.""In this market, there are a lot of opportunities we're seeing that we didn't see last year," he said, alluding to the collapse in the crypto market this year. Bankman-Fried went on to bring up Coinbase when asked about future acquisitions, noting that trading platform has 20 times the number of users of FTX. He said while FTX has a higher number of hyper-involved crypto traders, Coinbase has some broader appeal that FTX could use.Coinbase, he added, "gets at… our long term weakness" in appealing to more casual or "retail" traders. "We don't see much point to get more highly engaged crypto traders," Bankman-Fried said. "What we'd be looking at more is on the retail side." Coinbase shares jumped 13% on Tuesday. FTX has already spent on a number of investments and acquisitions this year, including Bitvo, a Canadian crypto trading platform, and crypto lender Voyager through that company's bankruptcy process. One investment Bankman-Fried did not get to make this year was in Twitter. In private text messages revealed as part of the platform's lawsuit against Elon Musk, who is expected on Friday to close on his $44 billion deal to acquire the platform, Bankman-Fried was eager to get in on the financing. A friend even told Musk that Bankman-Fried had considered acquiring the platform himself. He ultimately did not become part of the tumultuous deal, with Musk appearing to not know who Bankman-Fried was at first. Check out: Personal Finance Insider's review of Coinbase. Check out: Personal Finance Insider's picks for best cryptocurrency exchanges 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: crypto Sam Bankman-Fried Coinbase More... Read next Follow us on: * Copyright © 2023 Insider Inc. All rights reserved. Registration on or use of this site constitutes acceptance of our Terms of Service , 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	M&A	1	[ { "label": "M&A", "score": 0.9999997615814209 } ]
9 Companies IBM Could Buy When It Resumes Its M&a Offensive 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. Enterprise Here are 9 companies IBM could buy given that new CEO Arvind Krishna said that it will get back to its 'acquisitive strategy' in a few months, according to experts Benjamin Pimentel 2020-05-02T15:00:00Z 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 Incoming IBM CEO Arvind Krishna IBM This story is available exclusively to Insider subscribers. Become an Insider and start reading now. IBM had expected to slow down its M&A since buying Red Hat last year for $34 billion. But new CEO Arvind Krishna said on his first earnings call last month that the company plans to resume its "acquisitive strategy" in several months. He's focused on boosting IBM's position in AI and hybrid cloud, he said. Here are 9 companies experts say IBM could seek to buy, including Snowflake, Automation Anywhere, and Datarobot. Click here for more BI Prime stories.IBM is known as one of the most acquisitive companies in the world. But the tech giant was expected to go slow on the M&A front after buying Red Hat for $34 billion last year, the biggest acquisition in IBM's history."We've focused all of our M&A effort on Red Hat in the last 18 months," IBM senior executive Rob Thomas told Business Insider in February when the company unveiled a new AI imitative. "$34 billion consumes a lot of time and energy."Shortly after the interview, the coronavirus crisis pandemic led to global economic downturn. Suddenly, the tech landscape has changed. The economic slump has disrupted the sector, crushing valuations to the point that experts expect a rash of M&A activity.In fact, when IBM reported first quarter results last week, new CEO Arvind Krishna indicated that Big Blue was prepared to begin buying again."You should expect that over time — over time meaning just that as it gets past the next few months — we will get back to an acquisitive strategy," he told analysts on the company's first quarter earnings call. "We've been clear that we will acquire when we find properties that are both attractive or that fit our strategy and hybrid cloud and AI are the focus of our business going forward."With that in mind, here are 9 companies that experts say IBM could try to buy: Snowflake Snowflake CEO Frank Slootman Aspen Technology What it does: Cloud data warehousingMarket Cap: $12.4 billionWhy IBM would want to buy it: One of the challenges of the cloud is figuring out how to store massive amounts data on web-based platforms, instead of private data centers. Even cloud giants Amazon, Microsoft and Google struggled with this problem, which created openings for startups. One of them — Snowflake — quickly emerged as the hottest startup in cloud data warehousing by using AI and machine learning.Sean Foote, a venture capital investor who teaches at the UC Berkeley Haas School of Business, said IBM "could substantially build [its] AI portfolio through acquisitions like Snowflake." Workday Workday CEO Aneel Bushri Kevin Moloney/Fortune Brainstorm Tech What it does: Human capital management softwareMarket Cap: $34 billionWhy IBM would want to buy it: If IBM had the appetite for another big acquisition, the Pleasanton, California-based tech giant would be a logical target to help it boost its cloud portfolio, said Robert Siegel, a management lecturer at Stanford Graduate School of Business and venture capital investor. Workday is one of the pioneers of cloud software, also referred to as software-as-a-service, and acquiring it would makes IBM more competitive in the enterprise software space.Siegel did note that buying Workday "would be a humongous acquisition.""The digestion would be a real problem," Siegel told Business Insider, adding that Workday would potentially be against an acquisition, too. "You might end up being a very hostile takeover." Datarobot Datarobot CEO Jeremy Achin DataRobot What it does: Enterprise AI softwareValuation: More than $1 billion Why IBM would want to buy it: Boston-based Datarobot helps businesses develop AI-powered tools and is one of the rising stars of the artificial intelligence market. Valoir analyst Rebecca Wettemann said Datarobot would be "an interesting play" for IBM that would give it access to "all the AI and automation it has built into its capabilities."Datarobot had been one of the fast-growing enterprise software startups, but it recently cut jobs due to the COVID-19 crisis, which may make it more vulnerable to an acquisition. TripActions TripActions CEO Ariel Cohen TripActions What it does: Corporate travel servicesValuation: $4 billionWhy IBM would want to buy it: Valoir analyst Wettemann said TripActions would be the type of "user-ready capability" that would be a good addition to IBM's portfolio.The Palo Alto, California-based startup has also suffered during the COVID-19 crisis: it laid off 296 of its employees. Previously, it was working to expand its corporate travel reach by offering an easier way for customers to finance their business trips. Dell Dell CEO Michael Dell Oracle PR/Flickr What it does: Enterprise systemsMarket Cap: $29.6 billionWhy IBM would buy it: This would be another huge buy for IBM. But given that tech giants are more likely to merge during a downturn to dramatically slash costs and become more competitive, it would be more plausible now than ever. For example, in 2002 Hewlett-Packard acquired Compaq Computer, merging two of the biggest PC makers in the world and creating a powerhouse that took on market leader Dell.Investor Siegel says that if IBM bought Dell it could help both giants consolidate operations and "get cost synergies."Such a marriage would also help IBM and Dell become more competitive at a time when they're struggling to adapt to the rise of the cloud.Siegel said the key questions IBM and Dell would ask are: "Can you consolidate product lines and be more efficient?" Can you save money through scale? Can you gain share and reduce costs?" Automation Anywhere Automation Anywhere CEO Mihir Shukla Automation Anywhere What it does: Robotic process automation softwareValuation: $7 billionWhy IBM would want to buy it: Robotic process automation , also referred to as RPA, is a hot tech market where IBM already competes.Wettemann of Valoir said that Automation Anywhere could be an M&A target for IBM because of the company's clear interest in the area. "Automation Anywhere is a really interesting company, and RPA will continue to be hot," she told Business Insider. "Its focus on industry solutions and bot strength, as well as its low-code approach, brings a lot to the table."Chairman of IBM's automation division, Gene Chao, laid out IBM's interest in RPA in a 2018 blog post:"As machines are quickly learning to complete the repetitive and time-consuming tasks that take up much of our workdays, workers are being freed up to think more creatively and ambitiously about their jobs," Chao wrote. Databricks Databricks CEO Ali Ghodsi Databricks What it does: AI analyticsValuation: $6.2 billionWhy IBM would want to buy it: Databricks, which raised $400 million at a $6.2 billion valuation late last year, has emerged as one of the hottest AI analytics platforms. VC and Berkeley faculty member Foote said that Databricks would be a "nice fit" for IBM."The reason: 80% of the pain of extracting insights from data is prepping the data — normalizing, labeling, creating structure where there is less, removing bad data," he told Business Insider. "So platforms have a lot of that front-end work, and IBM Business Services might be able to help with that. It's a nice fit, and IBM can run it through their business sales channel in a nice way." Okta Okta CEO Todd McKinnon Okta What it does: Cloud identity and security managementMarket Cap: $18.3 billionWhat IBM would want to buy it: Okta, which went public in 2017, is considered a trailblazer in access and identity management cloud software. Recently, the company played a key role in analyzing the usage of popular programs like Zoom and cybersecurity apps like those offered by Cisco, Citrix and Palo Alto Networks. Thomas Hayes, chairman of private equity firm Great Hill Partners, said the company would be an attractive target for IBM to expand its cloud applications portfolio, because it is "critical for moving corporate applications to cloud-computing environments." Evolven Evolven CEO Sasha Gilenson Evolven What it does: IT operations analyticsValuation: Unknown Why IBM would want to buy it: Evolven is a small, New Jersey-based private company that uses AI to help businesses monitor their networks. For example, it flags risky server configurations "that could cause outages," said IDC President Crawford Del Prete.The company is the type of a niche player "that would not significantly move the needle for IBM," but could help boost Red Hat's reach, he said."[IBM] has made it's big bet with Red Hat," he said, "So now it's about building out the ecosystem with intellectual property-based companies that can both make that ecosystem more powerful, and help customers with hard problems." 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: Oracle's new deal with 'marquee customer' Zoom during the COVID-19 crisis shows off its data center expansion and fiercely competitive pricing, analysts say. Here's why it could be a turning point for Oracle's cloud More: Features IBM acquisitions Enterprise Tech Cloud software 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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J2 Acquires Ziff-Davis - 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. An Internet Fax Company Just Bought One Of The Most Famous Brands In Tech Media Megan Rose Dickey Nov. 12, 2012, 2:58 PM 22,166 4 facebook linkedin twitter email print Internet-fax and cloud-services company J2 Global just acquired tech trade magazine publisher Ziff-Davis for $167 million in cash. As part of the deal, J2 will take control of sites like PCMag.com, ComputerShopper, ExtremeTech, and Geek.com. J2 expects that the deal will add to its earnings per share and bring in an additional $60 million in 2013 revenues. Back in the '90s, Ziff-Davis was a force to be reckoned with, with a wide range of print titles, Internet investments, and tech conferences. But it took on too much debt, got traded from owner to owner, and sold off its enterprise division to Insight Venture Partners in 2007 and its collection of video-game sites to Hearst in 2009, which in turn sold them to IGN. Now, J2 has bought the remnants of the once-dominant empire. FBR Capital's Daniel Ives, who has a Market Perform rating on J2's stock, wrote in a note to clients today that the acquisition gives J2 a significant growth opportunity. ... this deal should also give investors more comfort that j2 is focused on expanding its addressable market opportunity outside of its core bread and butter fax segment, a positive in our opinion. We maintain our Market Perform rating. As of late afternoon, J2's stock was up 3%, trading at $30.23 per share. In July, J2 signaled that it might do a deal like this when it issued $250 million in debt "for general corporate purposes, including acquisitions." Don't miss: Zynga Has Acquired Another Mobile Game Studio > More: Ziff Davis Acquisition 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 An Internet Fax Company Just Bought One Of The Most Famous Brands In Tech Media An Internet Fax Company Just Bought One Of The Most Famous Brands In Tech Media Remember Ziff-Davis? 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	M&A	1	[ { "label": "M&A", "score": 1 } ]
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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. Is Facebook On The Brink Of Another Major Acquisition? Jennifer O'Mahony, The Daily Telegraph \| Dec. 3, 2012, 7:44 AM \| 2,928 \| 2 Email More Share on Tumblr Tweet Email Share on Tumblr AP See Also Why Social Media Advertising Is Set To Explode Brands Are Taking Forever To Respond To Customers On Twitter Inside Tumblr's Massive Monetization Opportunity Facebook could bid to acquire WhatsApp, the mobile messaging app, as it aims to extend its mobile reach. The rumoured acquisition, reported by TechCrunch today, comes after CEO Mark Zuckerberg declared last month that the future of his company lay in mobile devices. “The big thing is obviously going to be mobile,” Zuckerberg told BusinessWeek in early October. “There are 5 billion people in the world who have phones.” WhatsApp is an app that allows users to message one another via smartphone over the internet, and aggregates users' contacts from email, chat and social networks. According to WhatsApp developers, their servers handle more than ten billion messages per day, and it has all but replaced text messages for teenagers who resent paying for texts or quickly reach their allotted number on cheap Pay-As-You-Go contracts. The messaging app has users in more than a hundred countries on 750 mobile networks, and its users span operating systems including Apple's iOS, Google's Android, RIM's BlackBerry, Nokia S40, Symbian and Windows Phone platforms. According to TechCrunch, WhatsApp is currently looking for translators in Arabic, Danish, Dutch, Farsi, Filipino, Finnish, French, German, Hebrew, Hindi, Hungarian, Indonesian, Italian, Japanese, Korean, Malay, Norwegian, Polish, Portuguese (Brazil), Russian, Simplified Chinese, Spanish, Swedish, Thai, Traditional Chinese, Turkish, Urdu, “and many more languages.” The Android version of the app has been downloaded more than a hundred million times from Google's Play Store, and is free for the first year of usage. The Apple version from the App store is $0.99 (£0.61). It is thought Mr Zuckerberg was impressed with WhatsApp's ability to raise revenue outside advertising, which has until now been Facebook's main source of income. Recommended For You Please follow SAI on Twitter and Facebook. 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CHART OF THE DAY: Facebook's $1 Billion Instagram Acquisition In Context - Business Insider Tech BI Intelligence Events Trending Tech Finance Politics Strategy Life Sports Video All × From To You have successfully emailed the post. CHART OF THE DAY: Instagram's $1 Billion Sale In Context Jay Yarow Apr. 9, 2012, 4:58 PM 8,149 2 facebook linkedin twitter email print More Charts How big was Facebook's decision to buy Instagram for $1 billion? This big. Below, you can see the acquisition prices for photo sites going back 15 years. We got the data from Alexia Tsotsis at TechCrunch and added Instagram. See Also Microsoft's mobile surrender WhatsApp is the most popular chat app in more than half the world WHO IS PETER THIEL? Follow Tech Chart Of The Day and never miss an update! Get updates in your Facebook news feed. Get updates in your inbox. Privacy Policy Get updates in your inbox Subscribe to Tech Chart Of The Day and never miss an update! Privacy Policy More: Instagram Facebook Chart Of The Day 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 CHART OF THE DAY: Instagram's $1 Billion Sale In Context CHART OF THE DAY: Instagram's $1 Billion Sale In Context This is the biggest sale of a photo sharing service by a long shot. 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	M&A	1	[ { "label": "M&A", "score": 1 } ]
Vertex Acquires Semma Therapeutics Diabetes Research Firm 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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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 This is an excerpt from a story delivered exclusively to Business Insider Intelligence Digital Health Pro subscribers. To receive the full story plus other insights each morning, 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. 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. Business Insider Intelligence Boston-based Vertex Pharmaceuticals, maker of a suite of cystic fibrosis (CF) drugs, is aggressively expanding its drug development portfolio with the acquisition of Semma Therapeutics, a regenerative medicine company that's been searching for a potential cure to Type 1 diabetes. Here's how Semma's intervention works: It applies stem cell therapy to generate new beta cells — the cells responsible for insulin production — and a medical device is implanted to protect the cells from being attacked by the patient's immune system. While the tech may sound like science fiction, Vertex clearly doesn't think so based on the huge check it's written to acquire the company, and Semma claims that early animal trials have shown promise.Putting it in context: Vertex has been on a partnership and acquisition spree lately, as it pursues nontraditional therapies for diseases that have, so far, been impossible to cure.In addition to stem cell therapies, Vertex has invested in several innovative approaches in search of the next potential miracle drug. In June, Vertex poured $420 million into strategic partnerships and acquisitions to further its research efforts around muscular dystrophy, another disease without a cure. Investments included a $175 million deal with CRISPR Therapeutics — a genetic therapeutics company that uses the cut-and-paste CRISPR/Cas9technique of genetic editing to pursue new, innovative treatment for muscular dystrophy — and a $245 million acquisition of gene-editing company Exonics. A cure for muscular dystrophy, if one should surface, would not only bring relief to millions of people but could also save millions of dollars in treatment costs: The two most common types of muscular dystrophy have been estimated to cost the US over $900 million annually.Business is booming at Vertex, driven by the company's near 100% treatment coverage for CF patients — but that likely has it searching for a new growth outlet. Vertex is expected to have treatments on the market to cover 90% of CF cases by 2020, with the company considering a gene therapy approach to cover the remaining 10% of patients. That will likely see the company improve upon its already astronomical revenue: The company posted over $940 million for Q2 2019, exceeding industry estimates for the fourth quarter in a row thanks to the success of its three CF treatments. However, if the company wants to continue growing at a steady clip, it will most likely want to branch out into new treatment areas. That's why a wide net approach to investment — pouring money into companies with early-stage research and high potential market caps like Semma — could be good for Vertex: Diabetes treatment cost the US healthcare system $237 billion in 2017, per American Diabetes Association estimates.The bigger picture: Vertex isn't the only pharma company looking at innovative approaches to drug development.Pharma companies are exploring everything from genetics to AI in search of the next big drug development breakthrough. The current drug development pipeline is very expensive and slow, with the average treatment requiring $2.6 billion and seven years before it comes to market.To try and address this pain point, pharma giant GSK spent $300 million to secure a four-year exclusive partnership to codevelop drugs based on direct-to-consumer genetic testing company 23andMe's mountains of genetic data. And while not a pharmaceutical firm, earlier this week Hong Kong-based Insilico revealed that its AI-powered drug discovery system was capable of generating new potential drugs in less than a month's time, and with promising early results from animal testing.As companies search for cheaper drug development pipelines and treatments for currently incurable diseases, we expect to see more out-of-the-box processes being utilized by big pharma.Interested in getting the full story? Here are three ways to get access: Sign up for Digital Health Pro, Business Insider Intelligence's expert product suite keeping you up-to-date on the people, technologies, trends, and companies shaping the future of healthcare, delivered to your inbox 6x a week. >> Get StartedSubscribe to a Premium pass to Business Insider Intelligence and gain immediate access to Digital Health Pro, plus more than 250 other expertly researched reports. 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Say Media Acquires ReadWriteWeb, Dan Frommer Becomes Editor-At-Large - Business Insider Login Login Username Password Remember me Forgot username or password? 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Enter your email address and zip code to set up customized email alerts. Email Zip From To Email Sent! You have successfully emailed the post. SAY Media Has Made Two Acquisitions: ReadWriteWeb And Dan Frommer Alyson Shontell \| Dec. 14, 2011, 10:17 AM \| 869 \| 7 Email More Share on Tumblr Tweet Email Share on Tumblr See Also One Person In Florida Won Last Night's Gigantic Powerball Jackpot The Koch Brothers Have Buried An Area The Size Of A City Block Under 30 Feet Of Oil Sands Waste BARRON'S: There Were Two Gigantic, Suspicious Sales Of Gold On Friday That Caused The Price To Plunge SAY Media has acquired tech blog ReadWriteWeb. In addition, Dan Frommer is joining ReadWriteWeb as Editor-at-Large. Frommer will help fill the void Marshall Kirkpatrick left when he parted from the tech blog last month. It's a part-time commitment from Frommer, who was a founding editor of Business Insider. He left in July to pursue a career as an entrepreneur, which he will continue alongside ReadWriteWeb. SAY Media, an advertising network that sells across a number of blogs, reaches 75 million people every month. ReadWriteWeb contributes about 850,000 monthly uniques. (SAY Media is the ad network for Frommer's personal blog SplatF, which he will continue to operate.) "I think [ReadWriteWeb] has a great audience of business influencers and decision-makers," SAY Media president TroyYoung told Anthony Ha of AdWeek, who first reported the news. "I think it has a point of view, really passionate editors, everything we look for in a property." Troy indicated more people will be hired under Frommer to buff up ReadWriteWeb's reach and content. You can also expect a ReadWriteWeb redesign in the near future. The tech blog will be integrated into SAY's publishing platform. ReadWrite Web was founded in 2003 by Richard MacManus. The acquisition amount has not been disclosed. Frommer declined to comment but he did tweet: "Happy to be joining @RWW as Editor-At-Large, under its new ownership at SAY Media. I will to continue to write @SplatF." Recommended For You Please follow SAI on Twitter and Facebook. Follow Alyson Shontell on Twitter. 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What's Tough And Awesome Ab... 28 Incredible Things You Ne... Comments on this post are now closed. The Water Cooler Insiders 0 All Comments 7 Apply To Be An "Insider" » Loading Apply To Be An "Insider" » SAY Media Has Made Two Acquisitions: ReadWriteWeb And Dan Frommer SAY Media Has Made Two Acquisitions: ReadWriteWeb And Dan Frommer Frommer will be joining as RWW's Editor-at-Large. 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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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. Transportation Cold-chain logistics giant Lineage's latest acquisition launches it into the booming online grocery shopping business Emma Cosgrove 2021-05-20T15:31:57Z Save Article Icon A bookmark Facebook Icon The letter F. Email icon An envelope. It indicates the ability to send an email. Share icon An curved arrow pointing right. Twitter icon A stylized bird with an open mouth, tweeting. Twitter LinkedIn icon The word "in". LinkedIn Fliboard icon A stylized letter F. Flipboard Link icon An image of a chain link. It symobilizes a website link url. Copy Link Download the app Lineage plans to bring the automation and technology it has implemented in the rest of its immense network to bear in the newly-acquired Crystal Creek network. Lineage Logistics This story is available exclusively to Insider subscribers. Become an Insider and start reading now. Lineage Logistics is the largest US player in cold storage and logistics. The firm has made 72 acquisitions since 2012 and raised $4.3 billion from private equity in 2020. Lineage has acquired Crystal Creek Logistics, which specializes in perishable shipping. Lineage Logistics, the largest US cold chain logistics company, just made its 72nd acquisition in 11 years — one that signals it's branching into an entirely new line of business. Lineage has agreed to acquire Washington-based Crystal Creek Logistics for an undisclosed sum. Crystal Creek has five warehouses spread out across the country, where it specializes in e-commerce order fulfillment and logistics for perishable goods. The company stores inventory, develops processes and optimal packaging to ensure goods reach consumers at the right temperature, using common parcel carriers like UPS and FedEx.Cold storage has been on a roll since the start of the pandemic due to the rapid adoption of online grocery shopping. With the acquisition of Crystal Creek, private-equity backed Lineage — which today manages cold storage and logistics for Walmart, Tyson Foods, General Mills, and Sysco Corp, among others — is pouncing on the growing market of cold-shipped e-commerce."Lineage is using Crystal Creek as a catalyst to build out a dedicated e-commerce effort. This is the backbone of what we're going to effectively grow in this space," Adam Forste told Insider in an interview. Forste is cofounder of Bay Grove Capital, part-owner of Lineage along with D1 Capital Partners, and Stonepeak Partners.Crystal Creek has become a favorite for niche but luxury brands like Califia Farms nut milks, Vital Choice Seafood, Patagonia's food delivery service, and Lone Mountain Wagyu beef, among others. Its locations in Washington, Nevada, Nebraska, Virginia, and Tennessee put it within 2-day ground shipping of 97% of the contiguous US. Lineage plans to bring the automation and technology it has implemented in the rest of its immense network to bear in the Crystal Creek network. Forste also plans to expand that client list to more household names as direct-to-consumer shipping for grocery items grows — pulling from Lineage's more traditional cold storage and distribution customers. "We have a lot of more of those household names that are trying to figure out how to tackle this — who are already looking to partners like us to help them do that. And so this is fuel on that fire," Forste said. Many fulfillment services and logistics providers work with cold-shipped items as a small part of their business, but few specialize. Chicago-based e-commerce logistics startup ShipBob is in the game with 16 warehouses. RLS Logistics has a four-warehouse cold network. Coldco and Perishable Shipping Solutions each have two, and the latter has $8.7 million fresh funding. Axlehire does a similar task for meal kits without requiring the cold storage component by routing gig drivers in urban areas for ultrafast delivery. Lineage's main rival, Americold, also says it does direct-to-consumer fulfillment on its website. But like every other segment of e-commerce, the real competition may be coming from the Instacarts of the world, creating a fast delivery experience with the same digital ordering experience. Forste said he's looked into gig labor as an option, but had no plans to implement it at Lineage yet. 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: WATCH: Top fitness leaders reveal how the virtual and at-home exercise boom is transforming the way Americans workout and what they anticipate for the future of the industry More: BITranspo Logistics Cold chain m&a eCommerce DTC warehouse 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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It's Official: Google Has Acquired News Stream Startup Wavii http://www.businessinsider.com/its-official-google-has-acquired-news-stream-startup-wavii-2013-4/comments en-us Wed, 31 Dec 1969 19:00:00 -0500 Mon, 02 May 2016 16:03:23 -0400 Jessica Winch http://www.businessinsider.com/c/517ea2aeeab8ea9811000002 Basil Salapatas Mon, 29 Apr 2013 12:41:18 -0400 http://www.businessinsider.com/c/517ea2aeeab8ea9811000002 Just have a look at the free, open source, news summarization app "NewSum", that will be available to everyone in a few days! goo.gl/08yIf http://www.businessinsider.com/c/517e64816bb3f7e24600000e Q Mon, 29 Apr 2013 08:16:01 -0400 http://www.businessinsider.com/c/517e64816bb3f7e24600000e She also looks old. http://www.businessinsider.com/c/517d42a0ecad04a92c000009 dwightmannsburden Sun, 28 Apr 2013 11:39:12 -0400 http://www.businessinsider.com/c/517d42a0ecad04a92c000009 She looks as if she has pneumonia in that eye candy shot. http://www.businessinsider.com/c/517d3a22eab8eacf6f000011 Eric Cabot Steed Sun, 28 Apr 2013 11:02:58 -0400 http://www.businessinsider.com/c/517d3a22eab8eacf6f000011 Why is Marissa Mayer's Photo attached to this article ( Except as 'Eye Candy' of course )?	M&A	1	[ { "label": "M&A", "score": 1 } ]
Banking Merger and Acquisition Activity Is on the Rise Again 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. Insider Intelligence M&A activity is on the upswing at retail banks Lea Nonninger 2018-05-30T13:27:00Z 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 "Fintech Briefing" subscribers. To learn more and subscribe, please click here.Merger and acquisition (M&A) activity at banks is on the rise again, with Clydesdale and Yorkshire Bank (CYBG) announcing its acquisition of Virgin Money this month, Fifth Third reporting a merger with MC Financial, and rumors emerging that Barclays plans to buy Standard Chartered to create a £60 billion ($79.7 billion) lender. BI Intelligence These announcements may suggest that banks' M&A activity will further rise in 2018, after clocking in at just $93 billion in 2017, down from $458 billion in 2007. There are a couple of factors that indicate we’ll see more M&A in the banking sector:Banks need to make more tech investments. Merging with another company can help firms make quick advances in their tech adoption, as they can use the already developed solutions of another player. This can help make up for the time banks spent fixing their conventional methods after the financial crisis, enabling them to keep up with new technologies in the banking space.M&A can help diversify product suites. By acquiring or merging with another company, financial institutions (FIs) can offer a plethora of new products, increasing their revenue streams and keeping their customers better satisfied. This could be a particularly attractive approach for smaller players that struggle to offer many services themselves.Smaller players should try to become attractive partners for big banks. For smaller players that face difficulties building solutions in-house or employing enough people to roll out new services, being acquired by a larger player may be an attractive proposition.On the other hand, bigger firms have the necessary capital for M&A, and are often looking for the tech savvy necessary to fully digitize their operations. Small firms should therefore put their efforts into becoming attractive partners for bigger players, with an eye toward potentially being acquired in the future. With time, we will probably see many more smaller firms scooped up by larger players in financial services, leading to ongoing consolidation in the space. Subscribe to an All-Access 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! 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JPMorgan Chase Acquires Travel Technology and Rewards Business 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 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 JPMorgan Chase sets sights on travel again with cxLoyalty rewards acquisition Adriana Nunez 2020-12-30T13:55:00Z 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 JPMorgan Chase bought out travel technology and customer loyalty offerings firm cxLoyalty's rewards division. The banking giant hopes this move will entice customers with expanded travel offerings once travel ramps back up. Insider Intelligence publishes hundreds of insights, charts, and forecasts on the Payments & Commerce industry with the Payments & Commerce Briefing. You can learn more about subscribing here. The credit card issuer announced the acquisition of the rewards division belonging to cxLoyalty Group, a firm specializing in travel technology solutions and customer loyalty offerings. Chase acquires travel rewards business to entice consumers. Insider Intelligence The undisclosed purchase amount will include cxLoyalty's technology platforms, travel agency, gift card, merchandise, and points bank businesses. The acquisition will provide "enhanced experiences to millions of Chase customers," according to Marianne Lake, CEO of Consumer Lending at JPMorgan Chase.Travel and entertainment (T&E) spending took a plunge amid the coronavirus pandemic—but issuers are beginning to see the light at the end of the tunnel. Travel spending in 2020 is estimated to have fallen by more than $500 billion due to the global health crisis—a shift experienced by major issuers like Amex and Discover.This led to a substantial dip in credit card usage among travelers since rewards were less appealing: 52% of US travel rewards cardholders said they were using their card less since they were unable to travel, according to a study by ValuePenguin. To try to maintain spending amid shifting trends, issuers tweaked their rewards offerings: JPMorgan tripled grocery rewards, implemented rewards on delivery and streaming services, and provided increased payment flexibility for Chase Sapphire Reserve cardholders. However, with the introduction and distribution of the coronavirus vaccine, issuers might begin to see travel spending pick back up in 2021.Bringing in cxLoyalty's rewards offerings could position JPMorgan Chase well in the future as travel begins ramping up again. Despite uncertainty surrounding travel, some US adults are eager to begin flying again: 54% of US travelers say that they'll feel comfortable traveling internationally six months after a coronavirus vaccine has become available, according to a survey by Generali Global Assistance.This trend is reflected among Amex cardholders: The company reported that customers have been saving up their credit card rewards to use later on for vacations. Though the reality of international travel remains uncertain, issuers could begin to transition their offerings to appeal to pent-up travel demand.Amex has already started doing this: The company recently added new domestic airfare, hotel, and car rental benefits to its Platinum card. JPMorgan Chase can harness this pent-up demand by bundling cxLoyalty's rewards with its credit cards to offer customers enhanced travel-related offerings for when travel picks up again. In doing so, it might also help the company achieve top of wallet status down the line.Want to read more stories like this one? Here's how you can gain access:Join other Insider Intelligence clients who receive this Briefing, along with other Payments & Commerce 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. 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Salesforce's Slack Acquisition Makes Sense, but Will Face Reality Check Menu icon A vertical stack of three evenly spaced horizontal lines. Search icon A magnifying glass. It indicates, "Click to perform a search". Insider logo The word "Insider". 0 Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. Log in Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. Subscribe Subscribe Business The word Business Life The word Life News The word News Reviews The word Reviews Search icon A magnifying glass. It indicates, "Click to perform a search". Insider logo The word "Insider". Close icon Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification. 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It often indicates a user profile. Log in Subscribe Subscribe Newsletters World globe An icon of the world globe, indicating different international options." US Edition US INTL Asia Deutschland & Österreich Australia España India Japan México Netherlands Polska South Africa Get the Insider App Click here to learn more A leading-edge research firm focused on digital transformation. See our Research Facebook Icon The letter F. Twitter icon A stylized bird with an open mouth, tweeting. LinkedIn icon The word "in". YouTube icon A play button in the shape of a television screen. Instagram icon A stylized camera. * Copyright © 2022. All rights reserved. Registration on or use of this site constitutes acceptance of our Terms of Service , Privacy Policy and Cookies Policy. Sitemap Disclaimer Accessibility Commerce Policy CA Privacy Rights Coupons Made in NYC Jobs Stock quotes by finanzen.net Reprints & Permissions Insider logo The word "Insider". Close icon Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification. Good Subscriber Account active since Shortcuts Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. Profile Newsletters FAQs Subscription Log out US Markets Loading... H M S In the news Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. HOMEPAGE Subscribe Subscribe Premium Home Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. Enterprise Salesforce's $27.7 billion acquisition of Slack makes perfect sense, but Marc Benioff's grand vision is going to have to survive a reality check Matt Weinberger 2020-12-05T13:50:00Z 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 Slack CEO Stewart Butterfield (left) and Salesforce CEO Marc Benioff (right) Noah Berger/AFP via Getty Images, Kimberly White/Getty Images for Fortune This story is available exclusively to Insider subscribers. Become an Insider and start reading now. Insider Salesforce and Slack say that their $27.7 billion deal isn't about Microsoft, it's about a new way to work. By tying data from Salesforce's business software with Slack chats, it helps achieve CEO Marc Benioff's decade-long ambition for the "social enterprise," where the gap between data and decision-making vanishes. But like it or not, there's no way for Salesforce to chase that ambition without competing with Microsoft, which isn't easy. Still, the so-called SlackForce deal could trigger a wave of M&A as other competitors, like Google Cloud and maybe Amazon Web Services, focus on the collaboration market. Visit Business Insider's homepage for more stories. If you squint, it's kind of funny that Salesforce is paying $27.7 billion for Slack , the workplace messaging chat app, in its largest acquisition ever.Not funny, funny. But it wasn't so very long ago that Salesforce famously lost out on its chance to buy LinkedIn, which ultimately sold itself to Microsoft for $27.2 billion. Now, when they make the lists of the biggest tech acquisitions of the last ten years, Salesforce/Slack will sit just a little bit higher than the deal that got away. Intentional? Probably not — deals of this magnitude have so many hands on the wheel that it would be hard to steer it so precisely just to make a point. Still, it's not hard to imagine that the final figure had a certain appeal to Salesforce CEO Marc Benioff and his well-documented flair for the dramatic.Benioff and Slack CEO Stewart Butterfield have separately downplayed Microsoft's influence on the deal. In an interview with the New York Times, Benioff pretended not to have ever heard of Microsoft; Butterfield told The Information that for all the conventional wisdom that the massive success of Microsoft Teams is crushing Slack, his company is thriving."It's not based on any empirical evidence — it's just people think Microsoft is a bigger company, and they have a huge channel, and so they'll inevitably win, despite the fact that we win," Butterfield told the Information's Kevin McLaughlin. No matter what they say, however, there's no denying that the so-called SlackForce deal will see Salesforce take on Microsoft in a new way. More than that, however, it proves just how hard it is not to compete with Microsoft, or with fellow mega-cloud providers Amazon Web Services or Google — especially as the market continues to consolidate.Marc Benioff and Stewart Butterfield have a big visionRather than a competitive reaction to Microsoft, the execs involved are positioning the deal as something that will prove transformational not only for Salesforce, but the entire industry.Butterfield has even gone so far as to suggest that this deal will end up in the annals of tech history, right alongside the launch of Microsoft Windows 95 and the invention of the cloud itself, thanks to how much easier it makes remote and distributed working.For his part, Benioff is selling this deal as the culmination of his vision for a "social enterprise," where collaboration is baked right into the Salesforce platform such that employees can work together on any file or project without unnecessary friction. Slack's San Francisco headquarters. Justin Sullivan/Getty Images The company started down this road as long ago as 2009, with the introduction of the Chatter social networking product, but Benioff says that Slack provides the final missing piece — a real-time chat app that people use every minute of every hour of their working day, particularly in the pandemic. "What this is all about is the value of the social enterprise," Benioff said on a call with analysts after the announcement. "And creating this incredible idea that you have this amazing hub of productivity, of collaboration and integration and applications that now leverage all this amazing data."The bull case and the bear case for Salesforce and SlackPutting aside the lofty product vision, the industry has generally reacted positively to the news, largely on the thesis that this deal makes Salesforce more competitive.The prevailing view is that the deal also helps Slack get the resources and sales relationships it needs to accelerate its growth, which hasn't skyrocketed to the degree that Microsoft Teams or Zoom has seen in the pandemic.Wall Street analysts say that the $27.7 billion price tag for Slack is steep, but it's worth the risk if it gives Salesforce a better competitive position against Microsoft. Business Insider's Paayal Zaveri spoke to the CEOs of close Slack allies Box, PagerDuty, and Okta, who all agreed that this deal has the real possibility to shift the balance of power in the cloud software market in Salesforce's favor. Box CEO Aaron Levie Mike Windle/Getty "I think it's going to be an industry-altering move, in terms of the power dynamic between the other essentially biggest player in the market: Microsoft," Box CEO Aaron Levie told Business Insider. "It's great for the ecosystem. It's great for startups, great for big companies, because you want there to be a very rich dynamic ecosystem that you can build into, and customers have choice." It's worth noting here, briefly, that not everybody is feeling so positive about the deal. Investors are apparently feeling skittish, as Salesforce shares are down over 6% since the deal was announced.Long-time industry insider Charles Fitzgerald lays out the bear case, when he argues that Salesforce is simply buying growth and paying a hefty price of 33 times Slack's trailing 12-months revenue to do so.In short, critics of the deal have concerns that Salesforce is spending too much, that the company doesn't have a particularly strong track record in integrating big acquisitions, and that the deal is driven by some combination of marketing and a desire to use M&A to bolster slowing revenue growth. Salesforce execs have in interviews addressed most of these points, with COO Bret Taylor — credited by Benioff as the mastermind of the deal — telling The Information that the price was right for the opportunity it sees ahead, and that the company is confident that its organic growth is strong enough to put the company on track to hit its stated $50 billion annual revenue goal.A new way to tackle MicrosoftTo revisit Levie's point, though, there's no way to avoid the fact that this deal is going to see Salesforce go head-to-head against Microsoft.Salesforce is the dominant player in customer relationship management (CRM), industry-speak for software that helps salespeople track and manage their leads. Microsoft, for its part, is the long-time challenger here, but an up-and-coming one: Its Dynamics 365 software is seeing big growth, putting it in a good position to chip away at Salesforce's lead. Microsoft CEO Satya Nadella Stephen Brashear/Getty Images Key to that growth, experts recently told Business Insider, is that Microsoft is increasingly pushing on connecting Dynamics 365 to the rest of its suite, from the Microsoft Teams chat app to the Microsoft Azure cloud platform. That makes Dynamics 365 more appealing to Teams users, and Teams more appealing to Dynamics 365 users.With Slack, Salesforce is clearly hoping to benefit from the same dynamic. While Salesforce specializes in so-called back-office applications like CRM, online advertising, and marketing, it does have a nascent suite of productivity services, notably online word processor Quip, itself an acquisition.In the same way that Microsoft Teams ties together the Office 365 suite with chat and messaging, Slack could do the same for Salesforce. In a best-case scenario, that would help Salesforce cut Microsoft's growth off at the pass: If chat and tightly-integrated applications is what customers want, well, Salesforce will have that, if it can do the hard engineering work to stitch it all together.The shadow of consolidation looms largeThere's an even bigger shadow to consider: Microsoft is an enormous company, with a breadth that's astonishing to think about.It has Microsoft Azure, a giant cloud computing platform a mere half-step behind market leader Amazon Web Services. It has the OneDrive cloud storage and the Power Platform for simple app creation. It has Microsoft Teams, which now has 115 million daily active users. Windows still powers most of corporate America, as does Office 365. It has LinkedIn and GitHub. And it is incredibly easy for enterprises to bundle products and features together on the same contract that includes the Office 365 suite with Teams.No matter how well the Slack integration is executed, that's a tall mountain for any competitor to climb, even one as well-positioned, as beloved by Wall Street and as daring as Salesforce.And now consider that Microsoft isn't the only competitor on the collaboration landscape. Experts predict that the Slack deal will likely open the floodgates for software M&A. While Amazon Web Services hasn't shown a particular interest in going head-to-head with Salesforce in cloud software, and doesn't have much to rival anything from Microsoft or Slack in terms of collaboration, Amazon has proven repeatedly that there's no market it won't enter if it sees the opportunity.And at least one analyst expects that Google Cloud will, however, pick up the gauntlet and make its own collaboration acquisition to keep pace with the Salesforce-Slack tie-up, working in its own Google Workspace cloud productivity suite.The nice part about the software industry is that it's such a big market that one company doesn't necessarily have to lose for the other to win. Salesforce and Slack could both see a solid boost from this deal, building their momentum and improving their products in a way that makes investors and users both happy. At the same time, though, for everything that Benioff and Butterfield say, it's increasingly hard to find ways to not compete with the giants. 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AOL Buys Tim Armstrong's Local News Startup Patch, Events Startup Going - Business Insider Login Login Username Password Remember me Forgot username or password? 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Enter your email address and zip code to set up customized email alerts. Email Zip From To Email Sent! You have successfully emailed the post. AOL Buys Tim Armstrong's Local News Startup Patch, Events Startup Going Nicholas Carlson \| Jun. 11, 2009, 12:30 PM \| 5,631 \| 22 Email More Share on Tumblr Tweet Email Share on Tumblr Time Warner (TWX) subsidiary AOL has acquired local news startup Patch, which AOL CEO Tim Armstrong founded in 2007. Click here to see Tim's memo to employees on the deal→ Tim will forgo any profit from his seed investment, and will receive his seed capital in AOL shares after it's separated from Time Warner. AOL will also acquire events startup Going.com. Prices were undisclosed. Here's what Henry Blodget wrote about Patch back in February: Judging from the site, which has created a few New Jersey "patches," the model is to have a small group of reporters and editors write some original news content, with the community contributing events, classifieds, etc. This makes sense. Any effort left entirely to the community with no editorial oversight will fail (editors do serve a purpose). As will any attempt to create a full-blown newsroom (the ad revenue just won't support it). Based on the early beta product for the towns in New Jersey, Patch is still missing a couple of elements: Aggregation. There is no way one or two reporters can produce enough content to keep the community happy. The site needs to link to or run the work of others to be successful. Automated journalism. The site has to take advantage of all the content that is or will eventually be available online for most communities: High school sports schedules/scores, real-estate sales, police records, deaths, births, etc. This stuff is a big reason people read local newspapers, but there's no way Patch can afford to create it from scratch. So it needs the engineering team to find ways to incorporate and link to it automatically. There's a strong team here, though (see About page), as well as a boatload of money (see Tim Armstrong). And the beta product gets enough right that the company would seem to have an excellent opportunity to get the business right, too. Too bad the Journal Register, et al, didn't think of this while they still had some cash flow. Here's AOL's release on the news: AOL today announced two acquisitions in the local space: Patch Media Corporation, http://www.patch.com, a local news and information platform aimed at serving local towns and communities and Going, Inc., http://www.going.com, a local platform for people to discover and share information about things to do in a number of leading cities across the country. Both Patch and Going offer local experiences, content and self-service applications for consumers and advertisers. “Local remains one of the most disaggregated experiences on the Web today -- there’s a lot of information out there but simply no way for consumers to find it quickly and easily,” said Tim Armstrong, AOL ’s Chairman and CEO . “It’s a space that’s prime for innovation and an area where AOL has a significant audience and a valuable mapping service in MapQuest. Going forward, local will be a core area of focus and investment for AOL . The acquisitions of Patch and Going will help us build out our local network further with excellent local services that enable people to stay better informed about what’s going on in their neighborhood.” The acquisitions extend AOL ’s network of local services, the largest online local network,* reaching more than 54 million total unique visitors per month. Both acquisitions also leverage a consumer and marketplace trend toward greater consumption of news and information online.A recent survey by the Pew Research Center for the People & the Press found that more people now say they get most of their news from online sources than from traditional newspapers (40% vs. 35%).In addition, local searches grew 58% in 2008 year over year, while overall searches climbed just 21%, according to research conducted by the Yellow Pages Association in March 2009.Local advertising (online and offline) represents an approximately $103 billion market (approximately 39% of total U.S. ad spending), according to Borrell Associates in 2009.Founded in December 2007 and headquartered in New York, Patch combines localized, professional journalism with community contribution and a platform that puts all town assets online – in effect, digitizing the community. Patch, which expects to be available in a dozen communities by the end of the year, currently has “Patches” in five communities with four more in development.“We are excited to join the AOL family,” said Jon Brod, CEO of Patch. “AOL’s substantial network will help us extend the reach of Patch into more and more communities. And Patch, as part of AOL’s local strategy, will create new opportunities for AOL to delight consumers and provide marketers access to highly targeted and deeply engaged audiences.”Launched in September 2006 and headquartered in Boston , Going is one of the leading local communities for 20-somethings looking for things to do in cities across the country. Going is available in 30 leading U.S. cities, including New York , Los Angeles , Chicago , Miami and Boston , with several more planned this year. Going also provides local promoters, event organizers and venues a fully automated, self-service RSVP, ticketing and advertising engine to maximize the attendance and value of their events. “Going allows young people in leading cities to discover upcoming events, parties and new hot spots - and most importantly connect with others who share a similar lifestyle. By joining with AOL, we have the opportunity to greatly expand the reach of our platform to more cities both in the U.S. and around the world," said Evan Schumacher, Going's CEO.“AOL has a legacy of connecting people to the content, community and services they care most about,” said Armstrong. “Patch and Going, combined with our existing network, will enable the company that got America online, to connect consumers around the globe to their communities online.” April 2009 U.S. comScore Media Metrix; Local Networks category is a custom built category by AOL . Custom AOL-defined Local Networks report, based on comScore U.S. Media Metrix Audience Duplication report (April 2009).* Pew Research Center for the People and the Press, "Internet Overtakes Newspapers as News Outlet," December 2008. Recommended For You Please follow SAI on Twitter and Facebook. Follow Nicholas Carlson on Twitter. 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Dentsu Acquires Merkle 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 Dentsu acquires US marketing agency Merkle in a deal worth more than $1 billion Lara O'Reilly 2016-08-08T11:14:56Z Save Article Icon A bookmark Facebook Icon The letter F. Email icon An envelope. It indicates the ability to send an email. Share icon An curved arrow pointing right. Twitter icon A stylized bird with an open mouth, tweeting. Twitter LinkedIn icon The word "in". LinkedIn Fliboard icon A stylized letter F. Flipboard Link icon An image of a chain link. It symobilizes a website link url. Copy Link Download the app David Williams, Merkle CEO. LinkedIn Dentsu Aegis Network, the network of media agencies that sits within Japan-based advertising holding company Dentsu, has acquired US marketing agency Merkle in a deal worth more than $1 billion.In a statement, the companies said Dentsu Aegis is acquiring a majority stake in Merkle, while investor Technology Crossover Ventures and "certain other shareholders" are selling their shares. Merkle's management team and employees will retain a "significant minority interest" in the company.The release doesn't reveal the size of the transaction, but a source close to the deal told Business Insider it values Merkle at around $1.5 billion.Merkle claims to be the largest independent data analytics, CRM (customer relationship management), and performance marketing agency in the US.The company said it generated $436 million in revenue in 2015, up 14% on the prior year. It has around 3,400 colleagues spread across 21 global offices and works with more than 650 clients including Dell, Geico, and Nespresso. Merkle will join the other agency brands in the Dentsu Aegis Network, which includes Carat, Isobar, iProspect, Dentsu Media, Mcgarrybown, and Vizeum.The deal is expected to close before the end of September 2016. 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: Facebook is cranking up its Atlas network to take on Google, bringing a bunch of new partners on board NOW WATCH: The CEO of one of the largest health insurers in the US explains the problem with healthcare in America More: Dentsu Merkle Close icon Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification. Recommended Video Follow us on: * Copyright © 2022 Insider Inc. All rights reserved. Registration on or use of this site constitutes acceptance of our Terms of Service , Privacy Policy and Cookies Policy . Contact Us Sitemap Disclaimer Accessibility Commerce Policy Advertising Policies CA Privacy Rights Coupons Made in NYC Jobs Stock quotes by finanzen.net Reprints & Permissions International Editions: United States US International INTL Asia AS Deutschland & Österreich AT Deutschland DE España ES India IN Japan JP México MX Netherlands NL Polska PL South Africa ZA	M&A	1	[ { "label": "M&A", "score": 1 } ]
Elon Musk Expected to Use New Data, Claims of Bots to Renegotiate Twitter Deal Menu icon A vertical stack of three evenly spaced horizontal lines. Search icon A magnifying glass. It indicates, "Click to perform a search". Insider logo The word "Insider". 0 Newsletters Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. Log in Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. 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 Twitter insiders expect Elon Musk to use 'firehose' of user data to force renegotiation of $44 billion acquisition deal Kali Hays 2022-06-14T19:58:52Z 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 Elon Musk at the Met Gala in 2022. Andrew Kelly/Reuters This story is available exclusively to Insider subscribers. Become an Insider and start reading now. Elon Musk has previously accused Twitter of being home to more "bots" than it publicly claims. The company is sending a huge amount of user data to Musk. He is expected to prove his theory with it. Twitter's board is bracing for attempts by Musk to force a renegotiation of his $44 billion acquisition offer. Twitter insiders are bracing for what Elon Musk will glean from a trove of user data the company is giving him, expecting he will at least use it to bolster his claims of "bots" on the platform and try to renegotiate the $44 billion acquisition deal he signed in April.Musk, who is also CEO of Tesla, has not yet received the massive amount of user data from Twitter, but is expected to this week, one person directly familiar with the situation told Insider. This person, along with two other senior company insiders, said that Twitter's board thinks a legal fight with Musk after he reviews the data is possible, and that they believe Musk will "mine it to make wild accusations" about bots or automated accounts on Twitter's platform."He'll try to say there is some crazy amount of spam," the person familiar said. "But he can't argue the data is inaccurate and it won't impact the validity of Twitter's disclosures with the SEC."The many terabytes of user data Twitter will give Musk — referred to as its data "firehose" — is all related to the platform's 229 million daily active users and their estimated 500 million daily tweets. Musk is also set to speak to Twitter employees this week for the first time since signing the acquisition deal, as Insider first reported. The information handoff has been in the works since May, despite Musk's letter last week suggesting he was being denied any information, the person said. Considerable "back and forth" on requirements around the information came to an end when Musk agreed to receive the data on the same terms as Twitter's developer API. That the data was set to be handed over was first reported by The Washington Post, and confirmed by Insider."Twitter has and will continue to cooperatively share information with Mr. Musk to consummate the transaction in accordance with the terms of the merger agreement," a spokesperson for Twitter said. Staying on the right side of the Securities and Exchange Commission during this acquisition process is a top concern inside Twitter, according to the person familiar, as it has run into problems with improper disclosures in the past. Meanwhile, Musk is being investigated by the SEC for his delay in disclosing mammoth Twitter stock purchases before revealing in April he'd accumulated nearly 10% of the company."Bots" on Twitter have been something of an obsession for Musk. In the first public announcement on his takeover of the platform, he said one of his goals was to "defeat the spam bots." A few weeks later he said on Twitter the acquisition was "on hold" until he received more information on the number of bots on Twitter. Twitter reassured its workers that the transaction was going ahead as planned, at the agreed upon price. The company has maintained that such accounts make up no more than 5% of its active users, but the person familiar admitted Musk can find a higher number if he wishes with so much data now at his disposal. "You can find 10% bots depending on what you're analyzing," this person said. Spam accounts typically target high-profile users, like Musk, who has amassed nearly 100 million followers on Twitter, along with popular posts, like those by Musk, according to these sources. Even single word replies by him, like "Nice!" get tens of thousands of likes. Should Musk analyze only his own account, he could well find a higher rate of bot followers and commenters. While Musk could and likely will use the data he's being given to form a plan for Twitter's business (he's already said he's interested in expanding its video capabilities and adding a subscription service), the company's executives believe he'll use the data to make a big accusation about spam accounts, with a goal of renegotiating his offer price, these people said.Twitter's board is not negotiating, at least not yet. Led by board chair Bret Taylor, co-CEO of Salesforce, it feels the company is in a strong legal position to force Musk to close on the deal and at the agreed upon price of $54.20 per share, the person familiar said. Musk would have to show that his new findings have a "material adverse effect" on the deal, which would be a "much higher legal bar" to clear. For now, the board is sitting tight and sticking to its public statements of enforcement."The board 'winning' is making sure they get the full price," the person familiar said. Twitter's spokesperson reiterated the company's enforcement stance when asked if there was any scenario in which Musk could get the company to renegotiate. "We intend to close the transaction and enforce the merger agreement at the agreed price and terms," the spokesperson said.Musk is still seen inside Twitter as "genuinely wanting to own the company," and he is complying with all of the deal terms. Last week, the deal received its first step of approval from the FTC, known as HSR clearance.Representatives for Musk did not respond to a request for comment.Are you a Twitter, Facebook or Snap employee with insight to share? Got a tip? Contact Kali Hays at khays@insider.com, through secure messaging app Signal at 949-280-0267 or Twitter DM at @hayskali. Reach out using a non-work device. 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9 Companies IBM Could Buy When It Resumes Its M&a Offensive Menu icon A vertical stack of three evenly spaced horizontal lines. Search icon A magnifying glass. It indicates, "Click to perform a search". Insider logo The word "Insider". 0 Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. Log in Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. Subscribe Subscribe Business The word Business Life The word Life News The word News Reviews The word Reviews Search icon A magnifying glass. It indicates, "Click to perform a search". Insider logo The word "Insider". Close icon Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification. 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HOMEPAGE Subscribe Subscribe Premium Home Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. Enterprise Here are 9 companies IBM could buy given that new CEO Arvind Krishna said that it will get back to its 'acquisitive strategy' in a few months, according to experts Benjamin Pimentel 2020-05-02T15:00:00Z Facebook Icon The letter F. Email icon An envelope. It indicates the ability to send an email. Twitter icon A stylized bird with an open mouth, tweeting. Twitter LinkedIn icon The word "in". LinkedIn Fliboard icon A stylized letter F. Flipboard Link icon An image of a chain link. It symobilizes a website link url. Copy Link Incoming IBM CEO Arvind Krishna IBM This story is available exclusively to Insider subscribers. Become an Insider and start reading now. IBM had expected to slow down its M&A since buying Red Hat last year for $34 billion. But new CEO Arvind Krishna said on his first earnings call last month that the company plans to resume its "acquisitive strategy" in several months. He's focused on boosting IBM's position in AI and hybrid cloud, he said. Here are 9 companies experts say IBM could seek to buy, including Snowflake, Automation Anywhere, and Datarobot. Click here for more BI Prime stories.IBM is known as one of the most acquisitive companies in the world. But the tech giant was expected to go slow on the M&A front after buying Red Hat for $34 billion last year, the biggest acquisition in IBM's history."We've focused all of our M&A effort on Red Hat in the last 18 months," IBM senior executive Rob Thomas told Business Insider in February when the company unveiled a new AI imitative. "$34 billion consumes a lot of time and energy."Shortly after the interview, the coronavirus crisis pandemic led to global economic downturn. Suddenly, the tech landscape has changed. The economic slump has disrupted the sector, crushing valuations to the point that experts expect a rash of M&A activity.In fact, when IBM reported first quarter results last week, new CEO Arvind Krishna indicated that Big Blue was prepared to begin buying again."You should expect that over time — over time meaning just that as it gets past the next few months — we will get back to an acquisitive strategy," he told analysts on the company's first quarter earnings call. "We've been clear that we will acquire when we find properties that are both attractive or that fit our strategy and hybrid cloud and AI are the focus of our business going forward."With that in mind, here are 9 companies that experts say IBM could try to buy: Snowflake Snowflake CEO Frank Slootman Aspen Technology What it does: Cloud data warehousingMarket Cap: $12.4 billionWhy IBM would want to buy it: One of the challenges of the cloud is figuring out how to store massive amounts data on web-based platforms, instead of private data centers. Even cloud giants Amazon, Microsoft and Google struggled with this problem, which created openings for startups. One of them — Snowflake — quickly emerged as the hottest startup in cloud data warehousing by using AI and machine learning.Sean Foote, a venture capital investor who teaches at the UC Berkeley Haas School of Business, said IBM "could substantially build [its] AI portfolio through acquisitions like Snowflake." Workday Workday CEO Aneel Bushri Kevin Moloney/Fortune Brainstorm Tech What it does: Human capital management softwareMarket Cap: $34 billionWhy IBM would want to buy it: If IBM had the appetite for another big acquisition, the Pleasanton, California-based tech giant would be a logical target to help it boost its cloud portfolio, said Robert Siegel, a management lecturer at Stanford Graduate School of Business and venture capital investor. Workday is one of the pioneers of cloud software, also referred to as software-as-a-service, and acquiring it would makes IBM more competitive in the enterprise software space.Siegel did note that buying Workday "would be a humongous acquisition.""The digestion would be a real problem," Siegel told Business Insider, adding that Workday would potentially be against an acquisition, too. "You might end up being a very hostile takeover." Datarobot Datarobot CEO Jeremy Achin DataRobot What it does: Enterprise AI softwareValuation: More than $1 billion Why IBM would want to buy it: Boston-based Datarobot helps businesses develop AI-powered tools and is one of the rising stars of the artificial intelligence market. Valoir analyst Rebecca Wettemann said Datarobot would be "an interesting play" for IBM that would give it access to "all the AI and automation it has built into its capabilities."Datarobot had been one of the fast-growing enterprise software startups, but it recently cut jobs due to the COVID-19 crisis, which may make it more vulnerable to an acquisition. TripActions TripActions CEO Ariel Cohen TripActions What it does: Corporate travel servicesValuation: $4 billionWhy IBM would want to buy it: Valoir analyst Wettemann said TripActions would be the type of "user-ready capability" that would be a good addition to IBM's portfolio.The Palo Alto, California-based startup has also suffered during the COVID-19 crisis: it laid off 296 of its employees. Previously, it was working to expand its corporate travel reach by offering an easier way for customers to finance their business trips. Dell Dell CEO Michael Dell Oracle PR/Flickr What it does: Enterprise systemsMarket Cap: $29.6 billionWhy IBM would buy it: This would be another huge buy for IBM. But given that tech giants are more likely to merge during a downturn to dramatically slash costs and become more competitive, it would be more plausible now than ever. For example, in 2002 Hewlett-Packard acquired Compaq Computer, merging two of the biggest PC makers in the world and creating a powerhouse that took on market leader Dell.Investor Siegel says that if IBM bought Dell it could help both giants consolidate operations and "get cost synergies."Such a marriage would also help IBM and Dell become more competitive at a time when they're struggling to adapt to the rise of the cloud.Siegel said the key questions IBM and Dell would ask are: "Can you consolidate product lines and be more efficient?" Can you save money through scale? Can you gain share and reduce costs?" Automation Anywhere Automation Anywhere CEO Mihir Shukla Automation Anywhere What it does: Robotic process automation softwareValuation: $7 billionWhy IBM would want to buy it: Robotic process automation , also referred to as RPA, is a hot tech market where IBM already competes.Wettemann of Valoir said that Automation Anywhere could be an M&A target for IBM because of the company's clear interest in the area. "Automation Anywhere is a really interesting company, and RPA will continue to be hot," she told Business Insider. "Its focus on industry solutions and bot strength, as well as its low-code approach, brings a lot to the table."Chairman of IBM's automation division, Gene Chao, laid out IBM's interest in RPA in a 2018 blog post:"As machines are quickly learning to complete the repetitive and time-consuming tasks that take up much of our workdays, workers are being freed up to think more creatively and ambitiously about their jobs," Chao wrote. Databricks Databricks CEO Ali Ghodsi Databricks What it does: AI analyticsValuation: $6.2 billionWhy IBM would want to buy it: Databricks, which raised $400 million at a $6.2 billion valuation late last year, has emerged as one of the hottest AI analytics platforms. VC and Berkeley faculty member Foote said that Databricks would be a "nice fit" for IBM."The reason: 80% of the pain of extracting insights from data is prepping the data — normalizing, labeling, creating structure where there is less, removing bad data," he told Business Insider. "So platforms have a lot of that front-end work, and IBM Business Services might be able to help with that. It's a nice fit, and IBM can run it through their business sales channel in a nice way." Okta Okta CEO Todd McKinnon Okta What it does: Cloud identity and security managementMarket Cap: $18.3 billionWhat IBM would want to buy it: Okta, which went public in 2017, is considered a trailblazer in access and identity management cloud software. Recently, the company played a key role in analyzing the usage of popular programs like Zoom and cybersecurity apps like those offered by Cisco, Citrix and Palo Alto Networks. Thomas Hayes, chairman of private equity firm Great Hill Partners, said the company would be an attractive target for IBM to expand its cloud applications portfolio, because it is "critical for moving corporate applications to cloud-computing environments." Evolven Evolven CEO Sasha Gilenson Evolven What it does: IT operations analyticsValuation: Unknown Why IBM would want to buy it: Evolven is a small, New Jersey-based private company that uses AI to help businesses monitor their networks. For example, it flags risky server configurations "that could cause outages," said IDC President Crawford Del Prete.The company is the type of a niche player "that would not significantly move the needle for IBM," but could help boost Red Hat's reach, he said."[IBM] has made it's big bet with Red Hat," he said, "So now it's about building out the ecosystem with intellectual property-based companies that can both make that ecosystem more powerful, and help customers with hard problems." 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 10 Things in Tech: Get the latest tech trends & innovations 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: Oracle's new deal with 'marquee customer' Zoom during the COVID-19 crisis shows off its data center expansion and fiercely competitive pricing, analysts say. Here's why it could be a turning point for Oracle's cloud More: Features IBM acquisitions Enterprise Tech Cloud software 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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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. Pacquiao Tunes Up For Rematch With A Battle Of Rock 'Em Sock 'Em Robots Cork Gaines \| Sep. 20, 2012, 1:55 PM \| 459 \| Email More Share on Tumblr Tweet Email Share on Tumblr Manny Pacquiao announced that he will fight Juan Manuel Marquez for the fourth time in December. But before there will be a Pacquiao-Marquez 4, there was a Pacquiao-Marquez 3.5 on ESPN's "SportsCenter." In a move that shows ESPN doesn't have to be a bunch of people yelling at each, we were treated to Pacquiao and Marquez battling in a game of Rock 'Em Sock 'Em Robots... Recommended For You Please follow Sports Page on Twitter and Facebook. Follow Cork Gaines on Twitter. 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And Now Nick Denton Will Rule The World http://www.businessinsider.com/gawker-acquires-guanabee-2012-12/comments en-us Wed, 31 Dec 1969 19:00:00 -0500 Sat, 28 May 2016 06:15:35 -0400 Alyson Shontell http://www.businessinsider.com/c/50bdb6f5ecad049f2a000015 velavan s Tue, 04 Dec 2012 03:40:21 -0500 http://www.businessinsider.com/c/50bdb6f5ecad049f2a000015 May i have more information to understand better pl http://www.businessinsider.com/c/50bd5005ecad04976400001a kasualobsvr Mon, 03 Dec 2012 20:21:09 -0500 http://www.businessinsider.com/c/50bd5005ecad04976400001a What exactly is "high brow" about Gawker? I mean this is the site that has headlines today that read: "Where and When Did Kate and Will Have Royal Sex to Conceive the Royal Baby?" and "Worst Celebrity Sex Tape Drought in Years Yields ‘Best Celebrity Sex Tape’ Nomination for Octomom" If that's your idea of high brown I'd like to see your low brow nominations. http://www.businessinsider.com/c/50bd4075ecad04b14c000004 Ken K. Liu Mon, 03 Dec 2012 19:14:45 -0500 http://www.businessinsider.com/c/50bd4075ecad04b14c000004 And Now Nick Denton Will Rule The World Can we PPLEEEASE stop with the hyperbole! Only 1/100 startups change the world, 10 are great, 20 useful, and the rest are crappy/useless. Just nature of the endeavor--very hard. So instead of breathless and mindless hyperventilating, stick to serious but enlightening journalism about the reality of business. http://www.businessinsider.com/c/50bd30bd6bb3f7a712000015 ethan Mon, 03 Dec 2012 18:07:41 -0500 http://www.businessinsider.com/c/50bd30bd6bb3f7a712000015 rule of thumb. if your source says the deal isn't financially material...kill the story.	M&A	0.986508	[ { "label": "M&A", "score": 0.9865081310272217 } ]
Report: Snapchat to Build or Acquire an API 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. Advertising Snapchat is figuring out a move into ad tech Lara O'Reilly 2016-01-05T10:21:00Z 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 Snapchat CEO Evan Spiegel. Lucas Jackson/Reuters Pictures Snapchat is preparing to move into ad tech for the first time, according to a report from Digiday's Garrett Sloane. The ephemeral photo and video messaging platform is in discussions with ad tech companies and advertising agencies about opening up an API (application programming interface,) which would see it significantly ramp up its ad sales business.One agency executive with "direct knowledge of the plans" told Digiday: "Snapchat's ambition going into 2016 is to have many more opportunities for e-commerce on the platform and other stuff that is more about building audiences."Business Insider has contacted Snapchat for comment and we will update this article once we hear back. A source close to Snapchat told Business Insider the report was "Not 100% right, but not 100% wrong," but couldn't share more details.By opening up an API, Snapchat may be looking to work with other technology partners to offer advertisers a self-serve way to buy ads on the platform. Right now, advertisers need to work with Snapchat sales people directly in order to purchase ads. It's time-consuming and limits the amount of advertising Snapchat can feasibly sell. Partnering with other technology companies could also offer additional benefits such as improved targeting and measurement — two things the marketing community (and investors) have been demanding Snapchat improves if it is to secure a long-term viable advertising business. There's also the possibility Snapchat's discussions with ad tech companies could see it follow a similar route as Twitter, with its $350 million acquisition of MoPub. Similarly, Snapchat might be looking to use its rich data about its 100 million daily active users to serve targeted ads to users when they are on other third-party apps.Venturing into ad tech could be a risky, but lucrative, moveInstagram's move to open up its API in August is providing a significant boost to the Facebook-owned photo app's revenue — the results of which will likely be trumpeted during Facebook's Q4 earnings report and call on January 27.Already, one analyst is predicting Instagram will be the "story of 2016" for Facebook. Meanwhile, media agency MEC Global's head of social media for North America Noah Mallin said client spend on Instagram has increased something like "11,000%" since the app opened its API. Snapchat's journey to become a major seller of ads has been a rocky one. It sold its first ad campaign in October 2014, but since then has seen a major re-organization within its sales team (including several high profile departures,) has been forced to bring its ad pricing down, and initially marketers described working with Snapchat as a frustrating experience — with demand outweighing supply and some advertisers concerned the app could not supply the kind of targeting, measurement options, and case studies that its partners supply.However, since then, Snapchat has been on a hiring spree, opened up more targeting and measurement options (although still far fewer than the likes of Facebook, Google, or Twitter,) and has become more proactive in its dialog with agencies and advertisers. But moving into ad tech is un-chartered territory for Snapchat — a company that has on many occasions derided "creepy" advertising and one that has a young, very engaged user base that it needs to be careful not to turn off with obtrusive ads.Ciaran O'Kane, founder of ad tech trade publication and research firm ExchangeWire, told Business Insider that tinkering too far with ad tech could see Snapchat run into trouble He said: "It is fine to be focused on the consumer internet. Building ad tech is a different proposition. Skilled engineers doing this stuff are thin on the ground and making it work requires lots of resource. They have the data, yes. But will they have the stomach of FB and Google to build the type of scaled advertising technology that will power the company's revenue growth? If they do they will have to attract top tier execs who have deep domain knowledge of ad tech — and they are rare." Sign up for notifications from Insider! 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Amazon Is Acquiring Ring, a Doorbell Video Camera 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. 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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 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 Amazon is spending $1 billion to buy doorbell-camera startup Ring, a 'Shark Tank' reject that turned into a massive success story Alexei Oreskovic 2018-02-27T20:46:54Z 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 Amazon CEO Jeff Bezos. Joshua Roberts/Reuters Redeem now Amazon is acquiring Ring, which makes smart doorbells with video cameras.Terms of the deal were not disclosed, but news reports pegged it at more than $1 billion.Ring got its start on the TV show "Shark Tank" in 2013. Amazon is acquiring Ring, a startup that makes a popular line of video-camera doorbells, in $1 billion deal that could help Amazon enmesh further into consumers' homes and lay the framework for a high-tech pipeline that delivers retail goods and groceries straight to them.The deal, which Amazon and Ring representatives confirmed to Business Insider on Tuesday, supplements the retail giant's growing selection of smart-home appliances, epitomized by its Echo line of smart speakers. Neither company disclosed financial terms of the deal, but press reports including Reuters and the Wall Street Journal, pegged it at more than $1 billion.That would make it one of largest deals in Amazon's 24-year history, alongside its $13.7 billion acquisition of Whole Foods in August and the $1.2 billion acquisition of online shoe retailer Zappos in 2009.Ring's video doorbells, which range in price from $179 to $500, beam an image of whoever is at the door to a homeowner's smartphone. Amazon told Business Insider in an emailed statement: "Ring's home security products and services have delighted customers since day one. We're excited to work with this talented team and help them in their mission to keep homes safe and secure."From rejection to Richard Branson Ring's smart doorbell lets you see who's at your door. Ring The acquisition is likely to ratchet up the competition with Google, which launched a similar doorbell video camera last year through its Nest brand.With Ring, Amazon gets a popular product that could allow the company to expand its push to marry hardware with its retail delivery business. In October, it introduced Amazon Key, which relies on a home security camera and a smart lock to recognize couriers and let them enter a building to deliver a package when no one is home.Ring said in a statement on Tuesday that working with an "inventive, customer-centric company like Amazon" would allow it to further its "vision of safer neighborhoods."The deal marks a remarkable success story for Ring, which made its inauspicious debut in 2013 on the TV show "Shark Tank." The startup, then known as DoorBot, failed to impress most of the judges but went on to rebrand and catch on with consumers. Despite being a small company, Ring quickly got distribution at top retailers such as Best Buy and Target. In 2015, it even attracted the attention of Richard Branson, the Virgin Group founder, who liked the product so much that he became an early investor.Amazon was already an investor in Ring through its Alexa Fund, according to Crunchbase. In January 2017, Ring raised $109 million from investors including Goldman Sachs and Qualcomm Ventures. According to a report from the news website Axios, Ring was in the process of raising capital at a $1 billion valuation.News of the Amazon acquisition was first reported by Geekwire on Tuesday. Visit Markets Insider for constantly updated market quotes for individual stocks, ETFs, indices, commodities and currencies traded around the world. Go Now! Sign up for notifications from Insider! Stay up to date with what you want to know. Subscribe to push notifications Deal icon An icon in the shape of a lightning bolt. Keep reading Newsletter Get the latest tech news & scoops — delivered daily to your inbox. Loading Something is loading. Email address By clicking ‘Sign up’, you agree to receive marketing emails from Insider as well as other partner offers and accept our Terms of Service and Privacy Policy. NOW WATCH: What's going on with Jeff Bezos and Amazon More: Amazon Markets Insider Mergers And Acquisitions Smart Home Venture Capital 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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EY Exec Says Diligence Teams Are Understaffed As Deal Volumes Surges Menu icon A vertical stack of three evenly spaced horizontal lines. Search icon A magnifying glass. It indicates, "Click to perform a search". Insider logo The word "Insider". 0 Newsletters Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. Log in Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. 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H M S In the news Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. HOMEPAGE 0 Newsletters Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. Log in Subscribe Subscribe Premium Home Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. Finance Consultants who vet M&A deals are so busy they're turning down new business and reshuffling how they inspect transactions: 'You no longer have time to turn over every single rock' Reed Alexander 2021-08-18T13:36:15Z 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 Brian Salsberg is the global buy and integrate leader at EY. Ernst & Young This story is available exclusively to Insider subscribers. Become an Insider and start reading now. Firms like EY provide diligence services on M&A transactions, vetting targets' financials. But, amid a surging deals market, these diligence providers are facing backlogs. Short-staffing and heightened deal loads are straining providers, EY's Brian Salsberg said. The consulting and accounting firms tasked with running diligence on deals are struggling to keep pace with the robust mergers-and-acquisitions market.Brian Salsberg, EY's global buy and integrate leader who leads the Big 4 firm's merger-management services, told Insider that EY has been inundated by inbounds from existing and prospective clients, some of whom it's had to decline."We get calls now all the time from people asking for help," he said. "We'll say: 'We can't do it right now. We just don't have the people.'""We are turning away a lot of work and we've never really done that on this scale before ever in our history," he added. "That's how crazy it is."Companies like EY assess merger targets' financials and identify weaknesses that could cause deals to fall apart.The shortage of available diligence professionals — coupled with a fast-moving environment — means firms are more selective when assessing a deal."The pace has increased and the timeline decreased so the 'big rocks' need to be prioritized," Salsberg said. "You no longer have time to turn over every single rock, but we are sure to turn over the big ones." A recent industrials deal for which EY provided diligence fell apart after the diligence process unearthed what Salsberg called "a showstopper" — an environmental liability that had the potential to "have swung both the valuation and the risk of the deal."Salsberg did not provide further details about the aborted transaction.The diligence backlog first became apparent around the beginning of the year, Salsberg said. While he doubts the current situation is permanent, he added: "I don't think it's slowing down, certainly not in 2021."Wall Street was caught off-guard by a surging deals marketIn 2020, there were just over 20,000 deals done globally, amounting to about $1.6 trillion worth of activity, according to Dealogic. This year has already seen nearly as many deals, with the value of the transactions exceeding $3.8 trillion.To meet demand, EY has turned down some engagements altogether, pulled in reinforcements by hiring from Big 4 competitors, and leaned on adjacent business lines for additional support.Among those reinforcements are some of EY's corporate finance professionals or people from its investment-banking business, Salsberg said. "We're doing that on steroids," he added."Our practitioners are well-rounded and well-versed in finance, accounting, and transactions," he added. "Therefore we are able to rotate them to where demand is most needed."Its hiring strategy has been aggressive too, with the firm tapping talent — including partners — from Big 4 competitors, he said. He did not specify who those partners are or how many EY has hired.But ultimately, some business still has to be turned away. In turn, larger clients or companies that have a history of working with EY "are the ones that obviously we prioritize," he said.Bankers have taken notice of the situation The stress of short staffing has hit Wall Street hard, forcing a number of investment banks large and small to decline some new business, Insider previously reported.In a July interview with Insider, Brent Gledhill and Matthew Zimmer, two senior executives at Chicago-based investment bank William Blair, noted the strain that external due-diligence providers have faced."They're now scheduling three, four weeks out," Gledhill, the firm's president, said of diligence providers."What they're saying right now is: 'Look, we're maxed out. We need a few weeks before we can start,'" Zimmer, the firm's global head of investment banking, added. "Sometimes it's four, sometimes it's less, but that's creating a bit of a bottleneck in M&A processes." 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: Inside a Swedish H&M store where recycling machines are making new clothes from old fabric More: Wall Street EY Mergers And Acquisitions Deals Financial Services Consulting 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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Rakuten, a Major Japanese Online Retailer, Announced It's Acquiring Kobo, an E-Book Retailer and Maker of E-Book Rea... 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 Rakuten, a major Japanese online retailer, announced it's acquiring Kobo, an e-book retailer and maker of e-book rea... Eleanor Miller 2011-11-09T14:05:00Z Save Article Icon A bookmark Facebook Icon The letter F. Email icon An envelope. It indicates the ability to send an email. Share icon An curved arrow pointing right. Twitter icon A stylized bird with an open mouth, tweeting. Twitter LinkedIn icon The word "in". LinkedIn Fliboard icon A stylized letter F. Flipboard Facebook Icon The letter F. Facebook Email icon An envelope. It indicates the ability to send an email. Email Link icon An image of a chain link. It symobilizes a website link url. Copy Link Download the app Redeem now Rakuten, a major Japanese online retailer, announced it's acquiring Kobo, an e-book retailer and maker of e-book tablets. The purchase is just the latest international acquisition for the Japanese company, which seems to be lining itself up to compete globally with Amazon and other e-retailers. 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: 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	M&A	1	[ { "label": "M&A", "score": 1 } ]
Outbrain acquires Revee in order to tell publishers how much revenue each individual article is pulling in - Business Insider Advertising BI Intelligence Events Trending Tech Finance Politics Strategy Life Sports Video All × From To You have successfully emailed the post. × Outbrain acquires Revee in order to tell publishers how much revenue each individual article is pulling in Lara O'Reilly Mar. 3, 2016, 7:11 AM 4,197 2 facebook linkedin twitter email print Outbrain CEO Yaron Galai. Outbrain Outbrain, the Israel-based content recommendation platform that powers the "Recommended by" articles seen on sites such as CNN and ESPN, has acquired Los Angeles-based software firm Revee and it is now launching a product that it claims will let publishers know exactly how much individual articles are generating in revenue, in real-time. The Outbrain Automatic Yield product integrates Revee's technology, which hooks up with publishers' ad servers to provide a dashboard view of which articles are earning the most money. Speaking to Business Insider, Outbrain's vice president of product marketing Matt Crenshaw said the new product is compatible with all the major ad servers publishers use, which includes Google's DoubleClick for Publishers. Crenshaw explained digital publishers are struggling to bring audiences to their sites. Traffic from Facebook was down 32% from January to February last year and Google search is getting more competitive, he said. Outbrain is hoping publishers will see this product as a way to bring in audiences — through placing ads for their highest-performing content on other sites — in a more predictable and scaleable way. The revenue value of individual articles can fluctate as much as 262% in a single day Outbrain says the value of individual articles or videos can fluctuate wildly — as much as 262% in a single day — which can make it difficult for publishers to determine which content to promote in order to bring in the most traffic. Most publishers know which articles are the best-performing in terms of page views, but it's less clear which are bringing in the most ad revenue — advertisers are prepared to pay more to target their ads to higher-value users (such as those that might be in the market to buy their products, or people with high incomes.) Often the article with the most page views isn't actually the article driving the most revenue, as this screenshot from the dashboard shows. The articles and videos with the most page views don't necessarily generate the most revenue. Outbrain Yaron Galai, Outbrain CEO, told Business Insider the problem is analogous to an event booker trying to get a great music act to appear at their party. The analytics show that, on average, both Beyoncé and Galai have sold more than 100 million records — but in reality, there's only one musician you really want to be booking for your event. Outbrain is adding Automatic Yield at no additional cost to customers. Galai compares it to the Google Analytics model: The more Outbrain can prove to customers that its products work, the more customers are likely to spend with Outbrain. Time Inc. is the first customer to implement the Outbrain Automatic Yield platform, across Fortune and Entertainment Weekly in the US. Outbrain says the product will roll out widely in the US and in the UK, France, Israel, and other major territories in the coming weeks. Revee was co-founded in 2013 by former Penske Media execs Nic Paul and Cham Kim. The company has around 10 employees and has raised $1 million in seed funding. Financial terms of the acquisition were not disclosed. Earlier this week, Outbrain rival Taboola launched a similar product called Taboola Backstage, although this dashboard does not yet have ad server integration. NOW WATCH: Yes, this is a giant baby stroller for adults — here's the next time you can see it live Loading video... More: Outbrain facebook linkedin twitter email print × Recommended For You Powered by Sailthru Comments Comments on this post are now closed. Insiders 0 All Comments 2 Apply To Be An "Insider" » Loading Outbrain acquires Revee in order to tell publishers how much revenue each individual article is pulling in Outbrain acquires Revee in order to tell publishers how much revenue each individual article is pulling in Outbrain, the Israel-based content... 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Fortnite Creator Epic Games Acquires Group Video Chat Houseparty 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 Epic Games, the maker of 'Fortnite', acquired teen chat app Houseparty in a surprise deal Rebecca Aydin 2019-06-12T23:11:17Z 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 In-app group video-chat via Houseparty Houseparty "Fortnite" creator Epic Games acquired group video-chat platform Houseparty on Wednesday."We kept hearing that people were using Houseparty to talk to their real life friends while gaming together and one game came up over and over again: Fortnite," Houseparty CEO Sima Sistani Tweeted.Visit Business Insider's homepage for more stories. 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. "Fortnite" creator Epic Games announced its acquisition of Houseparty, a social networking app for group video-chats, on Wednesday. The price of the acquisition was not announced, but the unexpected deal immediately sparked speculation about what the maker of the most popular video game might do with the teen-focused chat app.Officials from Epic Games and Houseparty stressed the social interaction aspects of each respective product. Fortnite has become a worldwide gaming phenomenon, allowing up to 100 people anywhere in the world to connect online and play in the same round. Still, company officials were mum on specific plans to integrate the two products' features. Houseparty has been installed by 35 million users via App Store and Google Play, with 40 percent of those users outside of the US, according to mobile data analyst Sensor Tower. Users spend an average of one hour on the app everyday, Houseparty measures. The joint press release focused on the shared vision for Epic Games and Houseparty to facilitate meaningful human connections through virtual means. "Joining Epic is a great step forward in achieving our mission of bringing empathy to online communication," Houseparty CEO Sima Sistani said in the press release. "We have a common vision to make human interaction easier and more enjoyable, and always with respect for user privacy."In a Tweet on the day of the announcement, Sistani predicted that the next decade of social media will be characterized not by sharing, but by participation. —sima sistani (@SimaSistani) June 12, 2019"Houseparty brings people together, creating positive social interactions in real time," Epic Games CEO Tim Sweeney said in the press release.Houseparty will not be collapsed into Epic Games. Users with both Houseparty and Epic Games accounts will not be able to combine their accounts, and Houseparty will remain available as a standalone platform.A spokesperson for Epic Games declined to comment on what an integration of Houseparty and Epic Games may look like in the future. However, a Tweet from Sistani highlights how users have already used the platforms together:—Sima Sistani (@SimaSistani) June 12, 2019While Fortnite does have an in-game voice chat function, many players opt to use independent group chat programs to communicate with fellow gamers. The group chat networks, like Houseparty and Discord, have the added benefit of existing outside of the game as social media platforms; players can talk regardless of whether they're gaming, unlike in-game voice chats. Could Epic Games' acquisition of Houseparty mean incorporation of Houseparty's social, video chat technology into video games like Fortnite? Houseparty is no stranger to online gaming internally. Houseparty moved into the gaming space in January, when it began offering games for users to play with friends in-app. Its first game was Ellen DeGeneres' mobile charades game Heads Up!. The Verge characterized this move as Houseparty's "first effort to generate revenue." In April, Houseparty launched a trivia game, and in May, it introduced word-association game, Chips and Guac. The acquisition of Houseparty could yield a larger female demographic of Fortnite players, according to the The Wall Street Journal.Epic Games made nearly $2.5 billion through "Fortnite" in 2018, and in January it acquired video graphic design firm 3Lateral, which specializes in hyper-realistic human CGI. It had amassed a total of 250 million registered players by March. Sign up for notifications from Insider! Stay up to date with what you want to know. 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Oracle Is Working On A Huge Acquisition - Business Insider Enterprise BI Intelligence Events Trending Tech Finance Politics Strategy Life Sports Video All × From To You have successfully emailed the post. × Oracle Is Working On A Huge $5 Billion Acquisition Julie Bort Jun. 17, 2014, 12:40 PM 7,606 4 facebook linkedin twitter email print AP Photo/Eric RisbergOracle is getting ready to buy a company called Micros Systems for more than $5 billion, sources told Bloomberg's Alex Sherman and Dina Bass. Micros makes software and hardware for the hospitality industries. This would be Oracle's largest acquisition since it bought Sun Microsystems for $7.4 billion in 2010 (which really cost Oracle $5.6 billion after it factored in Sun's cash). Oracle is one of the most acquisitive companies in the tech industry, having spent $50 billion to acquire about 100 companies over the past 10 years, Bloomberg reports. This year alone, it has already bought BlueKai (for around $400 million, sources told Business Insider), as well as Corente and GreenBytes. Still, the Micros Systems deal, should it proceed as reported, would be a big one for Oracle for several reasons. Obviously, the size of the deal, at $5 billion, makes it stand out. Micros Systems would also give Oracle a tablet. The company makes "point of sale" cash register software and hardware for the hospitality and retail industry. The latest wave in the POS industry is to replace these devices with tablets, and Micros offers a Windows tablet for this exact purpose. Most importantly, it could give Oracle some much needed growth. Micros generated nearly $1.3 billion in revenue in 2013 and $171 million in net income. On rumors of this acquisition, Micros System's stock price has gone crazy. It's up 17% to about $67, when it had been trading near the $58 mark for the past few days and under $53 for most of April and much of May. Oracle reports its fourth quarter earnings for fiscal 2014 on Thursday. If this acquisition is as close as it sounds, we will likely hear more about it then. Oracle declined to comment on this story. More: Oracle Acquisition Hospitality facebook linkedin twitter email print × Recommended For You Powered by Sailthru Comments Comments on this post are now closed. Insiders 0 All Comments 4 Apply To Be An "Insider" » Loading Oracle Is Working On A Huge $5 Billion Acquisition Oracle Is Working On A Huge $5 Billion Acquisition Oracle is getting ready to buy a company... 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	M&A	1	[ { "label": "M&A", "score": 1 } ]
Fastly Acquires Glitch to 'Change the Way That People Build Websites' 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 Glitch CEO Anil Dash Elizabeth Viggiano for Business Insider This story is available exclusively to Insider subscribers. Become an Insider and start reading now. Cloud computing firm Fastly announced today it'll be acquiring developer startup Glitch. Glitch CEO Anil Dash will become VP of developer engagement at the firm. Fastly cofounder Simon Wistow told Insider that the deal was a "perfect match." $1.3 billion cloud computing firm Fastly announced today it has acquired Glitch, a developer startup with a notable pedigree, for an undisclosed amount. This announcement comes on the heels of a historic downturn in the tech world, prompting M&A dealmakers to shop for bargains. Fastly itself soared to record highs on the public markets amid a pandemic-driven boom for cloud services, but like many others in the tech space has since come crashing back to Earth: Shares in the firm are currently trading around $11, down from a 52-week high of some $64.Glitch CEO Anil Dash said this deal happened organically, despite the fortuitous timing."If you want to raise money to go after developers, there's always water in that well," Dash said. At the same time, he said, he's happy that the timing means that he doesn't have to seek outside funding in the current environment. "I definitely prefer this to trying to raise right now."Glitch is actually the latest iteration of Fog Creek Software, a New York City-based tech company first founded in 2000. Over the years, Fog Creek was the incubator for products like ubiquitous programmer Q&A site StackOverflow and Trello, both of which were later spun out into their own companies. In 2018, not long after tech entrepreneur Anil Dash joined as CEO, Fog Creek renamed itself to Glitch, after its most successful product — a set of simple tools for developers to build and share apps on the web. Dash says that Glitch now counts 1.8 million users. Glitch had raised a $30 million Series A from Tiger Global in July 2019."Five years ago, people told me I was nuts," Dash told Insider. "It was like, 'the web is dead.' And I'm like, I don't think so. I think people wanna make s--t online for their friends."Earlier this year, the two companies announced a partnership, allowing developers to use Glitch's tools to build apps that run on top of Fastly's cloud infrastructure.Simon Wistow, cofounder of Fastly, says that the partnership led to sort of a "meet-cute" moment, with Dash describing it as a "spark moment:" The two teams came together in New York to discuss the partnership, and soon realized that an acquisition might make more sense. Dash and Wistow also happen to be long-time industry veterans who met when they worked together at early blogging pioneer LiveJournal together in 2006."It just really feels like this is the perfect match," Wistow said. "You're gonna have all the ease of Glitch and running on the same platform as some of the biggest companies in the world."Both firms declined to disclose the terms of the deal, but Dash told Insider that all 13 employees at Glitch have decided to come work at Fastly. Under their new corporate parent, the former Glitch team will be known as the developer engagement team, with Dash taking the title of vice president of developer engagement.Looking forward, Dash said he looks forward to having Fastly's resources to help Glitch scale. Glitch has a small team that's struggled to keep up with demand, and hasn't been able to allow new users to join, Dash said. With 2023 on the horizon, Dash looks forward to not only helping Glitch meet demand, but also building it up to allow developers to build anything from Slack and Discord chatbots to tools for the nascent metaverse. "We want to change the way that people build websites," Wistow said. "It's just taken 10 years for the technology to catch up for us to build a big network." Sign up for notifications from Insider! Stay up to date with what you want to know. Subscribe to push notifications Deal icon An icon in the shape of a lightning bolt. Keep reading Was this article valuable for you? Yes No Additional comments Email (optional) Receive a selection of our best stories daily based on your reading preferences. Submit NOW WATCH: More: Enterprise Startups Fastly Cloud Computing Glitch 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. 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Amazon's acquisition of social reading s - Business Insider Tech BI Intelligence Events Trending Tech Finance Politics Strategy Life Sports Video All × From To You have successfully emailed the post. Apr. 18, 2013, 3:01 PM JY 12 facebook linkedin twitter email print Amazon's acquisition of social reading service Goodreads prevented Apple from incorporating Goodreads into the iBookstore. -- JY 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 Amazon's acquisition of social reading s Amazon's acquisition of social reading s Amazon's acquisition of social reading service... 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	M&A	1	[ { "label": "M&A", "score": 1 } ]
Skype Buys Year-Old GroupMe For $85 Million, Jumps Into Group Messaging http://www.businessinsider.com/skype-acquires-groupme-2011-8/comments en-us Wed, 31 Dec 1969 19:00:00 -0500 Thu, 05 May 2016 18:21:02 -0400 Alyson Shontell http://www.businessinsider.com/c/4e5569bd6bb3f7a32f000022 LittleJohnny Wed, 24 Aug 2011 17:14:37 -0400 http://www.businessinsider.com/c/4e5569bd6bb3f7a32f000022 Good article Alyson. Honestly though, could care less about these two bozos. However, you are one very super hot editor. Tell me more about you. That is way more interesting my little sexy kitten. http://www.businessinsider.com/c/4e542ad86bb3f7395b000035 Dude Tue, 23 Aug 2011 18:34:00 -0400 http://www.businessinsider.com/c/4e542ad86bb3f7395b000035 No Your Wrong. VC Funds are not allowed to re-invest returned capital. its a FTC Rule. The Money sits in a bank account earning standard interest rates waiting for the fund to mature and then gets paid back to the LP's. Don't comment with uninformed blather. http://www.businessinsider.com/c/4e525d9becad049507000021 Darren Mon, 22 Aug 2011 09:46:03 -0400 http://www.businessinsider.com/c/4e525d9becad049507000021 That's completely irrational logic. http://www.businessinsider.com/c/4e52552cecad04f507000016 Matt Auckland Mon, 22 Aug 2011 09:10:04 -0400 http://www.businessinsider.com/c/4e52552cecad04f507000016 Well done GroupMe. Congrats! http://www.businessinsider.com/c/4e52005eeab8eaaf23000038 Jake Mon, 22 Aug 2011 03:08:14 -0400 http://www.businessinsider.com/c/4e52005eeab8eaaf23000038 Actually they should be worth billions. YouTube was spending like $1M/month on bandwidth costs before Google bought them. With about 2M messages/day, GroupMe has to be spending close to $2M/month on SMS fees alone. If we follow Web2.0 acquisition logic, then GroupMe should be worth at least as much YouTube. http://www.businessinsider.com/c/4e51ff8d69beddba01000005 Prachi Mon, 22 Aug 2011 03:04:45 -0400 http://www.businessinsider.com/c/4e51ff8d69beddba01000005 Nice move from both companies, will this acquisition of GroupMe from Skype will lead to benefit both the companies, Check - <a href="http://alldailyupdatesandnews.blogspot.com/2011/08/skype-acquires-groupme-group-messaging.html" target="_blank">http://alldailyupdatesandnews.blogspot.com/2011/08/skype-acquires-groupme-group-messaging.html</a> http://www.businessinsider.com/c/4e51e2196bb3f7fa24000001 DaveK Mon, 22 Aug 2011 00:59:05 -0400 http://www.businessinsider.com/c/4e51e2196bb3f7fa24000001 They are getting them cheap, thought they were valued at 1 billion dollars like every other social startup 2.56 http://www.businessinsider.com/c/4e51d948ecad048714000007 Jake Mon, 22 Aug 2011 00:21:28 -0400 http://www.businessinsider.com/c/4e51d948ecad048714000007 The VC investors could then plow that $20M in another GroupMe and have THAT venture deliver a 2x return a year later. Within 2 years the VC would've gotten 4x. Then the partner could go to the Bahamas and fly fish for the next 8 years. I think I would prefer that than participate in board battles for 10 years for a 3x return. http://www.businessinsider.com/c/4e51cafaecad04155500004d santayana Sun, 21 Aug 2011 23:20:26 -0400 http://www.businessinsider.com/c/4e51cafaecad04155500004d Well done groupme. Someone explain to me why twitter isn't offering group messaging? http://www.businessinsider.com/c/4e51b07feab8ea0520000006 Dude Sun, 21 Aug 2011 21:27:27 -0400 http://www.businessinsider.com/c/4e51b07feab8ea0520000006 The $10 million round they did assuming they gave away 25% of the company gave then a $40m value. $85 is only just over double and venture investors need to average a 3X return on a 10 year fund, in order to pay back there LP's at market rate. Conclusion: The Greedy Founders wanted to cash out and left their investors high and dry. If your not willing to build up your company to over 3X from your last round you have no business raising VC. http://www.businessinsider.com/c/4e519c57ecad04be0c00000d Bob Jones Sun, 21 Aug 2011 20:01:27 -0400 http://www.businessinsider.com/c/4e519c57ecad04be0c00000d 1 year old, worth 85million? Could you not build it for that price, and then some....	M&A	0.99863	[ { "label": "M&A", "score": 0.9986296892166138 } ]
Starbucks Just Acquired Teavana - Business Insider Retail BI Intelligence Events Trending Tech Finance Politics Strategy Life Sports Video All × From To You have successfully emailed the post. × Starbucks Just Acquired A Huge Tea Company Ashley Lutz Nov. 14, 2012, 3:14 PM 7,030 5 facebook linkedin twitter email print By corsairstw on Flickr Starbucks just acquired Teavana, a chain of stores that sell loose-leaf tea. "We believe the tea category is ripe for reinvention and rapid growth. The Teavana acquisition now positions us to disrupt and lead, just as we did with espresso starting three decades ago," Starbucks CEO Howard Schultz said in the release. Starbucks paid $620 million for the company, according to Bloomberg. Teavana has 300 stores around the world. Starbucks plans to aggressively expand that number, according to the release. Owning a tea company is a win for Starbucks, which is actively trying expand in Asia. The beverage is much more popular than coffee in China and Japan. "This helps them really drive a locally focused product, which so many other U.S. chains have trouble doing," said Brian Sozzi, chief equities analyst at NBG Productions. "Think, Teavana is a pricey brand that could be sold to Chinese tea lovers with money." Starbucks plans to add WiFi and tables to stores in order to create a Starbucks-like experience, but with tea. "This is quite the opportunistic purchase for Starbucks, as it's nowhere near Teavana's IPO price," Sozzi said. "This is 100% about Starbucks wanting ownership of every category of interest on both the high-end and low end, and then leveraging that on a global scale and within multiple verticals (retail stores, supermarkets, home brewing machines etc.)" Starbucks also said that acquiring Teavana will help it with its plan to expand its Tazo brand, which Schultz has said he wants to make a major force worldwide, particularly in Asia. But some fans of Teavana complained about the corporate takeover on Twitter. "Starbucks acquiring Teavana? Not sure how I feel about that, but my first thought was ugh," one user tweeted. DON'T MISS: The Most Expensive Shopping Streets In The World > Follow Retail Select and never miss an update! Get updates in your Facebook news feed. Get updates in your inbox. Privacy Policy Get updates in your inbox Subscribe to Retail Select and never miss an update! Privacy Policy More: Starbucks Tea Acquisition Retail Select facebook linkedin twitter email print Recommended For You Comments Comments on this post are now closed. Insiders 0 All Comments 5 Apply To Be An "Insider" » Loading Starbucks Just Acquired A Huge Tea Company Starbucks Just Acquired A Huge Tea Company Buys Teavana for $620 million. Recommended For You Featured These high-tech classes are the coolest thing happening in schools today More "Future Now" » Neil deGrasse Tyson and Al Gore on the future of our planet — and everything else More "Innovators" » Get Retail Emails & Alerts Sign-Up Learn More » Retail 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	M&A	1	[ { "label": "M&A", "score": 1 } ]
Foreign Nations Acquiring Key U.S. Companies - Business Insider Strategy BI Intelligence Events Trending Tech Finance Politics Strategy Life Sports Video All × From To You have successfully emailed the post. US Intelligence Suspects Foreign Nations Of Using Corporate Takeovers To Get At Critical Tech Max Nisen Dec. 21, 2012, 12:15 PM 1,581 1 facebook linkedin twitter email print Foreign nations may be using a "coordinated strategy" of corporate takeovers to access critical U.S. technology, according to a report highlighted by the Financial Times from the Committee On Foreign Investment in the United States: Based on its assessment of transactions identified by CFIUS for purposes of this report, the U.S. Intelligence Community (“USIC”) judges with moderate confidence that there is likely a coordinated strategy among one or more foreign governments or companies to acquire U.S. companies involved in research, development, or production of critical technologies for which the United States is a leading producer. Information supporting this assessment is provided in the classified version of this report. Indications of other coordinated strategies may go unobserved due to limitations on intelligence collection, or may be hidden or misconstrued because of foreign denial and deception activities. This is a big turnaround from last year's report, which judged it "unlikely" that such a coordinated strategy existed. The details behind that assertion are classified, but the report gives some examples of what could serve as evidence: A pattern of actual or attempted acquisitions of U.S. firms by foreign entities Evidence that specific completed or attempted acquisitions of companies with critical technologies had been ordered by foreign governments or foreign government-controlled firms The provision of narrowly targeted incentives by foreign governments or foreign-controlled firms (e.g., grants, concessionary loans, or tax breaks), especially those that appear to market observers to be disproportionately generous, to acquire U.S. firms with critical technologies. Here's a breakdown of which countries have made acquisitions that the committee has deemed sensitive: U.S. Treasury Department The report doesn't single out any particular company, but the FT notes that the Obama administration blocked a Chinese company, Ralls Corporation, from building a wind farm in Oregon, which was the first such move in two decades. The committee has yet to rule on CNOOC's proposed takeover of Nexen, which was recently approved by Canada. It must weigh in on that takeover because Nexen has assets in the United States. Companies looking abroad for capital are going to have to be aware of this new issue, which has often been speculated about but rarely been acted upon. NOW READ: Companies That Want To Do Business With China Are Facing This Frustrating Hurdle More: Mergers And Acquisitions Mergers/Buyouts China United States of America Foreign investment 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 US Intelligence Suspects Foreign Nations Of Using Corporate Takeovers To Get At Critical Tech US Intelligence Suspects Foreign Nations Of Using Corporate Takeovers To Get At Critical Tech 111 sensitive transactions last year. 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EA Acquires Playfish For Up To $400 Million http://www.businessinsider.com/ea-acquires-playfish-for-300-million-2009-11/comments en-us Wed, 31 Dec 1969 19:00:00 -0500 Wed, 04 May 2016 08:35:12 -0400 Nicholas Carlson http://www.businessinsider.com/c/4d2c21baccd1d52838090000 6dd311ssdvsd Tue, 11 Jan 2011 04:24:09 -0500 http://www.businessinsider.com/c/4d2c21baccd1d52838090000 This is a big deal. Unlike Zynga, Playfish I feel avoided some of the aggressive user grabbing that feel a little dirty. Playfish's games never made the games about adding more friends as a means of game play. While you'll notice that it has less users, it seems to me (especially in Pet Society) that the members are more engaged and less interested in level chasing. What I am trying to get at is that Playfish is likely the long term better buy than Zynga (and playdom to a lesser extent) Here at Games.com we've discussed this and made the loose comparison to Playfish being Nintendo in-terms of quality, and Zynga being more of a Activision. We'll see if EA affects the culture of Playfish but this is a good move and I think the next few months will be interesting. I wonder if Activision will counter with a social game company buy? We've got an exclusive interview coming soon on the sale. <a href="http://www.guccistore2011.com">Gucci Wallets on sale </a> <a href="http://www.guccistore2011.com">Gucci Belts on sale </a> <a href="http://www.guccistore2011.com">Gucci Shoes on sale </a> http://www.businessinsider.com/c/4d06388ccadcbbe545080000 bob foird Mon, 13 Dec 2010 10:15:24 -0500 http://www.businessinsider.com/c/4d06388ccadcbbe545080000 are play fish living in a varying sized <a href="http://www.aquariumsandfishtanks.co.uk/" target="new" style="color: inherit; text-decoration: none;">aquariums</a> they could of got more, but you can complain at 400m http://www.businessinsider.com/c/4bf7f55c7f8b9aad71bb0300 ders zamanı Sat, 22 May 2010 11:16:44 -0400 http://www.businessinsider.com/c/4bf7f55c7f8b9aad71bb0300 The controversy got messy enough that leading social games maker Zynga pulled all "offers" from its games. Today's news is huge validation for Zynga, Playfish and the entire burgeoning industry. EA's $400 milllion seem to say: Offers may be bad, but there's a real business here. http://www.businessinsider.com/c/4af92c2d00000000004f59af ari goldberg Tue, 10 Nov 2009 04:02:37 -0500 http://www.businessinsider.com/c/4af92c2d00000000004f59af lets face it Ricchetelo whatever his name is at EA has destroyed EA bobby kotick is laughing at him he overpaid by $375m on just this one deal his last was worse http://www.businessinsider.com/c/4af8470000000000009a0bb6 james murphy Mon, 09 Nov 2009 11:44:48 -0500 http://www.businessinsider.com/c/4af8470000000000009a0bb6 not all great companies come from silicon valley! playfish is extremely well known in uk and europe. sometimes it's worth looking at companie outside the US--they do exist! http://www.businessinsider.com/c/4af8424200000000008f9e5f afn83 Mon, 09 Nov 2009 11:24:34 -0500 http://www.businessinsider.com/c/4af8424200000000008f9e5f Wow that is a big fish:) Never heard of playfish before, was surprised that they have such a high valuation. http://www.businessinsider.com/c/4af83ec40000000000ccdd61 laurent courtines Mon, 09 Nov 2009 11:09:40 -0500 http://www.businessinsider.com/c/4af83ec40000000000ccdd61 This is a big deal. Unlike <b>Zynga, Playfish</b> I feel avoided some of the aggressive user grabbing that feel a little dirty. Playfish's games never made the games about adding more friends as a means of game play. While you'll notice that it has less users, it seems to me (especially in Pet Society) that the members are more engaged and less interested in level chasing. What I am trying to get at is that Playfish is likely the long term better buy than Zynga (and playdom to a lesser extent) Here at Games.com we've discussed this and made the loose comparison to Playfish being Nintendo in-terms of quality, and Zynga being more of a Activision. We'll see if EA affects the culture of Playfish but this is a good move and I think the next few months will be interesting. I wonder if Activision will counter with a social game company buy? We've got an exclusive interview coming soon on the sale.	M&A	1	[ { "label": "M&A", "score": 1 } ]
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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Copy Link Download the app 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 Deal icon An icon in the shape of a lightning bolt. Keep reading Newsletter Get the inside scoop on what traders are talking about — delivered daily to your inbox. Loading Something is loading. 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REPORT: Aetna Is Acquiring Coventry Health Care - Business Insider Markets BI Intelligence Events Trending Tech Finance Politics Strategy Life Sports Video All Continue to Business Insider » You will be redirected in seconds. × From To You have successfully emailed the post. REPORT: Aetna Is Acquiring Coventry Health Care Sam Ro Aug. 20, 2012, 12:47 AM 657 facebook linkedin twitter email print From the Wall Street Journal's Sharon Terlep and Anupreeta Das: Health-care giant Aetna Inc. has struck a deal to buy Coventry Health Care Inc. for $5.7 billion in cash and stock, a move that will make Aetna one of the largest providers of government-financed health care, people familiar with the matter said. Aetna, based in Hartford, Conn., is paying $42.08 a share for Coventry, which is a 20.4% premium to Coventry's shares as of Friday's close, according to the people. The mix is 65% cash and 35% stock, the people said. Read more at WSJ.com. DON'T MISS: Morgan Stanley's Brilliant Presentation On The Fiscal Cliff, And What Happens If We Fly Off Of It > More: Aetna Healthcare Mergers And Acquisitions 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 REPORT: Aetna Is Acquiring Coventry Health Care REPORT: Aetna Is Acquiring Coventry Health Care Merger Monday? Recommended For You Featured How data is saving the retail industry More "Digital Business Decoded" » 3 types of insurance that can protect your family for years to come More "World 2.0" » Get Markets Emails & Alerts Sign-Up Learn More » Markets Select 10 Things Before the Opening Bell Markets Chart Of The Day Business Insider Select Monday Scouting Report More Featured Business Insider Select Tech Select Tech Chart Of The Day Markets Chart Of The Day 10 Things Before the Opening Bell Instant MBA Business Insider Events BI Intelligence Daily Finance Finance Select Markets Select Monday Scouting Report Your Money Select Financial Advisor Insights Smart Investor CFO Insider Prime Finance Strategy Strategy Select Advertising Select Retail Select Careers Select null Politics Politics Select Military Select Life Life Select Transportation Select Education Select Entertainment Select null Tech Enterprise Select Science Select Mobile Chart Of The Day E-Commerce Chart Of The Day Payments Chart Of The Day Digital Media Chart Of The Day IoT Chart of the Day Charts of the Day Sports Chart Of The Day Top 10 Things 10 Things In Tech You Need To Know Closing Bell Sports Sports Latest Deals The Trendsetter Gift Guide Holiday Central Latest Research FREE: Mobile Payments - Everything You Need to Know The Messaging App Report The Internet of Things 2015 Report The Digital Disruption of Retail Banking Read Business Insider On The Go Available for iPhone, iPad, and Android Find A Job Tech Jobs C-Level Jobs Media Jobs Design Jobs Finance Jobs Sales Jobs See All Jobs » Thanks to our partners * Copyright © 2015 Business Insider Inc. All rights reserved. Registration on or use of this site constitutes acceptance of our Terms of Service and Privacy Policy. Disclaimer Commerce Policy Powered by MongoDB Stock quotes by finanzen.net Made in NYC International Editions: UKDEAUSIDINMYSG	M&A	1	[ { "label": "M&A", "score": 1 } ]
Lemonade Announces It Will Purchase Auto Insurtech Metromile 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. Finance Lemonade to acquire fellow insurtech Metromile Michael Tattersall 2021-11-10T15:35:40Z 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 Lemonade will acquire Metromile in a deal expected to close next year. Insurtech M&A activity and large raises show the space has matured. Insider Intelligence publishes hundreds of insights, charts, and forecasts on the Fintech 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. The news: US-based insurtech Lemonade has announced it will purchase auto insurtech Metromile "in an all-stock transaction that implies a fully diluted equity value of approximately $500 million, or just over $200 million net of cash," per a company press release. Insider Intelligence Why Metromile? The auto insurtech is a trailblazer in the space—and Lemonade can tap into its technology and reach to power its new insurance launch.The new auto offering that Lemonade rolled out in Illinois a few weeks ago will launch nationwide in the coming months—and its car insurance will be telematics-based.The pricey acquisition tag confirms our expectation that Lemonade is betting big on its car insurance offering becoming a substantial revenue driver.Metromile's telematics, usage-based insurance technology has disrupted the space over the past decade. Lemonade will get pricing capabilities that save drivers 47% on their premiums.Lemonade will also gain access to Metromile's customer base: It had around 95,000 policies in force as of Q2 2021.The auto insurtech also has a B2B arm through which it sells technology to insurers (like Tokio Marine Holdings), opening up a new potential revenue stream for Lemonade.The bigger picture: An established insurtech acquiring another following a string of public listings and mega-rounds shows the space has matured. This could make it more difficult for younger insurtechs to compete.Several insurtechs followed Lemonade's lead from last year and went public this year —including Oscar Health, Root, and Hippo—as some established players matured from disruptors into direct competitors in their lines of insurance.Mega-rounds dominated the previous two quarters of 2021: Q2 was the highest insurtech funding quarter on record ($4.8 billion), yet just 15 insurtechs commanded two-thirds of the capital and Q3 also saw deals concentrated at the top.More mature insurtechs that are awash with capital from large raises might seek to purchase smaller players to strengthen their offering—which might make it harder for B2C insurtechs to establish themselves.A further barrier to entry will arise if more players follow the lead of Metromile and Root in partnering to bundle their offerings.Want to read more stories like this one? 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M&a Targets for Coca-Cola, PepsiCo, Unilever Based on Minority Investments 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. Retail These 8 food brands with minority investments from Coca-Cola, PepsiCo, and Unilever could be the next M&A targets for the CPG giants Alex Bitter 2021-03-17T16:55:58Z 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 Health Ade's cofounders Daina Trout, Justin Trout and Vanessa Dew Health Ade This story is available exclusively to Insider subscribers. Become an Insider and start reading now. Big CPGs have been converting minority stakes into brand acquisitions. Both Coca-Cola's purchase of BodyArmor and Mondelez's deal for Hu this year grew out of minority stakes. Here are eight other brands that big CPGs have invested in and could acquire in full. Visit the Business section of Insider for more stories. Test driving a car can determine whether it's worth buying. A first date can tell you whether someone is worth forging a relationship with.And for big food and beverage companies, a minority stake can be the first step to a bigger deal. Some of the biggest deals in CPG so far in 2021 got their start as minority investments. In February, Coca-Cola said it would acquire majority ownership in sports drink BodyArmor, a brand it has been a minority investor in since 2018. And in January, snack giant Mondelez said it planned to acquire Hu after three years of a minority stake and working with the brand through its venture arm. "It's saying 'Let's date for a while before we get married,'" said Bob Goldin, partner and co-founder at Pentallect, which advises food and beverage companies. Not all minority investments are guaranteed to end with the larger company acquiring the smaller one, he added. Minority investments tend to be small, low-risk opportunities for companies like Coca-Cola and PepsiCo to see if an up-and-coming brand can deliver on its promises. Still, many minority stakes lay out criteria, such as sales growth targets, that could trigger or factor into a company's decision on a full acquisition. If the company fails to meet those or goes under, the larger player hasn't lost much."The smaller brand will make these very aggressive forecasts, and the companies probably say, 'We're not 100% buying into it, but we'll help you,'" Goldin said.While Morningstar analyst Nick Johnson said minority investments "almost always serve as a pathway to ownership," they can provide other benefits for the big companies as well. Beverage makers in particular benefit just from using their distribution networks to push out a wider variety of drinks, for instance. "The more volume you can push through those apparatuses, the better the unit economics," he said.Insider talked to experts and reviewed existing minority investments that major food and beverage players have made. Here are eight brands that big CPG companies are already invested in that could become the next buzzy food or beverage acquisition: Rude Health (PepsiCo) A post shared by RUDE HEALTH (@rudehealth) UK-based Rude Health makes cereal, plant-based milk, and other health foods won an investment from PepsiCo in 2019, though the stake only became public knowledge last year. Through its venture arm, PepsiCo owns about 9% of the company. PepsiCo has said its venture arm is looking to work more with brands that offer specific health benefits. PepsiCo also struck a partnership with Beyond Meat to jointly develop plant-based food and drinks in January.Rude is one of a series of small, health-focused brands that have won investment from bigger players in recent years, Goldin said. But PepsiCo's renewed focus on plant-based products could make it attractive for a full acquisition: Rude already makes plant-based milks like almond and oat. Milk is the largest plant-based product category by sales but one that Beyond has yet to get into. Blue Stripes Urban Cacao (Hershey) A post shared by Blue Stripes Urban Cacao (@bluestripescacao) Blue Stripes Urban Cacao Shop sells cacao water, energy bars, and other chocolate-infused goodies at its physical retail shops as well as online. The founder behind the concept is Oded Brenner, who founded the Max Brenner chain of chocolate shops in the 1990s. Hershey became an investor in 2019 for an undisclosed amount.Blue Stripes focuses on "using all the unknown parts of the amazing cacao fruit, its pulp and shell, to create a line of very healthy consumer packaged goods," Brenner told trade publication FoodIngredientsFirst in 2019. Now, that premise might sound even better to Hershey, which said in February that it was trying to develop more "better-for-you" candy and chocolate products going forward.Hershey is interested in working with new brands and products as well as "experimenting with new business models," then-CFO Mary Beth West said at the time of the investment, referring to Blue Stripes. Press Seltzer (Constellation Brands) A post shared by PRESS Premium Alcohol Seltzer (@pressseltzer) Like many beverage makers, Constellation has been getting in on the hard seltzer craze by creating new hard seltzer products out of its existing brands. It launched Corona Hard Seltzer, for instance, based on the well-known beer in its portfolio. Constellation plans to double its hard seltzer-producing capacity in 2021, and CEO Bill Newlands alluded to "another exciting new hard seltzer initiative" to launch later this year.Coca-Cola and Molson Coors have partnered to create a Topo Chico hard seltzer using the Topo Chico brand Coke acquired in 2017. Constellation, though, has yet to make an acquisition in the space.Constellation did take a minority investment in Press in 2020 citing its novel flavors and lower alcohol content compared to rivals as advantages. After its investment, Newlands told analysts that Press's more premium pricepoint would fill a gap for high-end hard seltzer in Constellation's portfolio. He called Press "a unique value proposition and price point as we believe the hard seltzer segment will price-stratify over time." Monster Beverage (Coca-Cola) PETER CZIBORRA/Reuters It's not an emerging brand, but Coca-Cola has been a minority investor in Monster since 2014. At the time, Coke paid $2.15 billion for a 17% stake in the energy drink maker after reportedly failing to strike a deal for the entire company two years earlier. Today, Coke owns about 19% of outstanding shares, according to S&P Capital IQ.Since then, Coke has launched its own brand of energy drinks. But rival PepsiCo made a big move in 2020 when it acquired Rockstar for $3.85 billion, and Coke has yet to match that."Energy's a fast-growing category," said Morningstar's Johnson. While Coke could opt to keep growing its own brand or pursue a smaller player, its Monster stake could turn into full ownership if it wants to refocus in a big way after a year of culling brands, he said. Health Ade Kombucha (Coca-Cola) Health Ade's cofounders Daina Trout, Justin Trout and Vanessa Dew Health Ade Coca-Cola invested $20 million in kombucha brand Health-Ade in 2019 through its Venturing and Emerging Brands unit. At the time, CEO James Quincey said the investment was part of Coke's efforts to become a "total beverage company" instead of just being a soda maker.Since then, it has culled numerous brands as part of a broader restructuring, including former high-growth stars such as Zico coconut water, which Coke also made a small investment in before eventually acquiring in full. But Health-Ade survived and is still working with Coke.Products like Health-Ade typify the kind of up-and-coming brands that Coke would want to buy, Morningstar's Johnson said. Coke looks for brands that "give them exposure enclaves to the various high-growth categories" like kombucha as a precursor to buying them outright, he said. Sun Basket (Unilever) A post shared by Sunbasket (@sunbasket) Meal kit company Sun Basket raised $30 million in Series E funding in 2019, a round that included money from Unilever's venture arm. It wasn't the first time that Unilever had invested in the company, either: That happened in 2019 when it led a $9.2 million round for the company.While Blue Apron went from being a rising star in the food world to a troubled turnaround case, Sun Basket and others have found new success selling meal kits during the pandemic as more people eat at home. And last fall, Nestle bought Freshly, which makes heat-and-eat meals, for $1.5 billion.Of course, meal kits aren't as hot as they were a few years ago, Goldin said. "That's another 'We'll kind of wait to monitor and see what happens' case," he said. LifeFuels (Keurig Dr Pepper) LifeFuels Virginia-based LifeFuels's investment from Keurig dates back before the company combined with Dr. Pepper in 2018. LifeFuels makes "smart" water bottles that make different-flavored drinks using insertable cartridges — not unlike Keurig's pod-based system for coffee and other hot beverages. Users can also sync the bottle with a smartphone app that provides nutrition and hydration information.Keurig Dr Pepper has been looking for high-growth products to add to its stable of brands. Recent acquisitions include water brand Core Hydration as well as soda brand Big Red, which the company held a minority stake in for a decade before buying it entirely in 2018. Natural Food International Holding (PepsiCo) Natural Food International Holding PepsiCo spent $131 million in 2019 for a 26% stake in Natural Food International, one of the largest natural food producers in China. At the time, Pepsi pointed to China as a key focus for expansion going forward.Many of Pepsi's food and snack brands, including those at its Frito-Lay division, have also been among the company's best-performing products by sales in recent years, surpassing even some of its beverage brands.Goldin said it would make sense for Pepsi to make an acquisition like Natural Food International, given that China is the world's largest food market and that Chinese regulators prefer that foreign companies buy into a Chinese player instead of building their own operations in-country themselves. "Instead of Pepsi going in there and green fielding it, the government requires that," he said. 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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Mergers And Acquisitions Google M&A Chief: I Have An Unlimited Budget For Making Acquisitions Hear that startups? Jay Yarow Sep. 18, 2012, 9:57 AM 2,816 2 The Airbus Megamerger Faces Several Huge Obstacles European politics and national security issues. Max Nisen Sep. 13, 2012, 2:38 PM 1,085 Qatar Just Dominated The World's Largest Commodity Trading Company Forcing Glencore to raise a merger offer. Jesse Riseborough, Bloomberg Sep. 7, 2012, 6:18 AM 1,764 Watch Out For This Dangerous New Type Of Activist Investor Nearly derailed a megamerger. Max Nisen Sep. 6, 2012, 2:49 PM 2,511 1 The CEO Whose Son And Girlfriend Died Mysteriously Has Sold His Pharma Company For $2.6 Billion A few weeks after a twist in the mystery. Erin Fuchs Sep. 4, 2012, 12:46 PM 5,764 3 Merger Talks Heat Up Between American Airlines And US Airways Inching closer to a deal. Scott Mayerowitz, Associated Press Sep. 1, 2012, 6:58 AM 4,733 PRESENTING: The 'There Will Be Blood' Chart The famous movie in one chart. Rob Wile Aug. 21, 2012, 5:04 PM 3,815 3 REPORT: Aetna Is Acquiring Coventry Health Care Merger Monday? Sam Ro Aug. 20, 2012, 12:47 AM 572 REPORT: The Savior Of Knight Capital Could Be Virtu Financial They're not the only ones. Julia La Roche Aug. 2, 2012, 1:33 PM 831 Electronic Arts Announces Studio Merger Between Firemint And Iron Monkey Meet Firemonkeys. Ana Douglas Jul. 26, 2012, 11:01 AM 490 Wall Street Sees Only One Option For American Airlines Merge! AP Jul. 12, 2012, 6:50 AM 2,447 2 Mergers And Acquisitions Are Down 21 Percent This Year Let's make a deal? Apparently, no. Ben Duronio Jul. 2, 2012, 2:09 PM 328 1 Synthes Chair Took A Lowball Offer From J&J To Serve His Own Needs: Investors' Lawyer He allegedly took a low offer to get tax benefits. Abby Rogers Jul. 2, 2012, 8:31 AM 1,040 This Email Exchange Started A Company That Google Bought For $50 Million The sender and two recipients each made $16 million+. Nicholas Carlson Jun. 27, 2012, 8:59 AM 13,291 5 These 6 Corporations Control 90% Of The Media In America Radio, television, newspapers and online. Ashley Lutz Jun. 14, 2012, 9:49 AM 532,087 82 The Top People In Tech Are Freaking Out Over Starbucks's $100 Million Purchase Of Their Favorite Café People! Calm down! It's just coffee and croissants! Owen Thomas Jun. 4, 2012, 7:48 PM 6,111 6 Starbucks Is Buying This San Francisco Bakery For $100 Million Croissants incoming. Kim Bhasin Jun. 4, 2012, 6:50 PM 6,700 7 Eaton Buying Cooper In Third-Largest Merger Of 2012 $11.8 Billion. Rob Wile May 21, 2012, 9:14 AM 1,223 Match.com For Mergers And Acquisitions: AxialMarket Raises $6.5M From Redpoint Ventures Meet your next banker. Pascal-Emmanuel Gobry May 17, 2012, 10:58 AM 1,465 3 Other Than Facebook, Microsoft's Investments Haven't Worked Out So Well Barnes & Noble wasn't the first. Microsoft has put its money into some surprising places over the years. Matt Rosoff May 8, 2012, 5:08 PM 16,213 Zillow Spends $40 Million On Startup That Helps Landlords It also reported solid earnings, sending the stock up as much as 11% after hours. Matt Rosoff May 2, 2012, 4:05 PM 1,024 Intuit Buys B2B Startup For Only 7x Revenues What a bargain. Matt Rosoff Apr. 27, 2012, 5:04 PM 1,238 2 Here's What You Have To Do To Be Bought By Google The complete breakdown. Matt Lynley Apr. 23, 2012, 4:04 PM 3,661 2 Thanks Mostly To Facebook, Bankers Are Giddy About Tech M&A And IPOs A quick note from meetings with sources in the M&A and IPO space. Nicholas Carlson Apr. 23, 2012, 10:11 AM 1,664 4 The Unions At American Airlines Are Calling For A Merger With US Airways To Save The Bankrupt Company Calling it the "best strategy and fastest option." Reuters Apr. 20, 2012, 10:52 AM 79 1 Facebook Makes Another Acquisition! This one isn't as big as Instagram. Jay Yarow Apr. 13, 2012, 2:44 PM 3,955 4 Google 'Plans To Make Substantial Investment' In Motorola's Phone Business, Not Sell It Yikes. Jay Yarow Apr. 11, 2012, 4:10 PM 2,803 6 11 Tech Companies That DIDN'T Get Destroyed When They Were Bought Instagram fans: have hope! Matt Rosoff Apr. 10, 2012, 6:39 PM 27,914 1 Motorola Investors Are Suddenly Nervous That Google Is Getting Cold Feet Blame Chinese regulators. Nicholas Carlson Apr. 6, 2012, 10:40 AM 1,183 Coty Offers $10 Billion For Avon M&A revs back up. Eric Platt Apr. 2, 2012, 7:30 AM 244 Larry Page Is Forcing Google To Be Much Less Stupid About Acquisitions Newly acquired teams are no longer allowed to "disappear without ever producing a product." Nicholas Carlson Mar. 30, 2012, 9:34 AM 1,800 2 Cisco Is Making A $5 Billion Acquisition Of A Video Service Company Cisco is buying to company to improve its "Videoscape" product. Jay Yarow Mar. 15, 2012, 8:19 AM 890 2 Here's One Thing Definitely Wrong About That Mashable-CNN Acquisition Report Timing is off. Dylan Love Mar. 12, 2012, 11:35 AM 1,815 1 REUTERS: CNN Is Buying Mashable For $200 Million Let's see how this goes. Dylan Love Mar. 12, 2012, 6:14 AM 8,438 12 How "Private Market Networks" Are Disrupting M&A The internet is slowly but surely eating everything. Pascal-Emmanuel Gobry Feb. 28, 2012, 1:42 PM 234 REPORT: Apple Acquires App Search Engine Chomp Finally, a search engine for apps. Boonsri Dickinson Feb. 23, 2012, 7:31 PM 4,078 9 Google-Motorola Deal About To Get The OK As early as next week. Matt Rosoff Feb. 8, 2012, 7:32 PM 1,783 3 Twitter Thinks BeachMint Would Make An Interesting Acquisition BeachMint lets users buy products that their favorite celebrities love. Boonsri Dickinson Feb. 3, 2012, 8:20 PM 1,880 2 Facebook Reorg May Pave The Way For More Acquisitions That's the theory from former Facebooker Mike Brown, who now heads corp dev for Twitter. Boonsri Dickinson Feb. 3, 2012, 3:03 PM 1,200 3 FBI Raids A Wall Street Firm That Helps Chinese Companies Go Public In The US Cracking down on reverse mergers. 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Gawker Acquires Guanabee - Business Insider Tech BI Intelligence Events Trending Tech Finance Politics Strategy Life Sports Video All × From To You have successfully emailed the post. And Now Nick Denton Will Rule The World Alyson Shontell Dec. 3, 2012, 5:53 PM 11,280 4 facebook linkedin twitter email print Michael SetoNick Denton, founder and CEO of GawkerGawker Media, the online-publishing network behind Deadspin and Gizmodo, is making aggressive moves to grow its international business, according to its CEO and founder, Nick Denton. It recently acquired a small site similar to Gawker but focused on the U.S. Hispanic market called Guanabee. Guanabee Media's founder, Daniel Mauser, is already working for Gawker and he'll be running Gizmodo en Español. The goal is to take international revenues from 5% to 20% of the company's total in the next five years. Gizmodo, a site focused on gadgets and tech culture, is Gawker's most popular site, with 9 million monthly unique visitors and 100 million pageviews. About one-third of its traffic is international. In addition, Gawker is launching a native-language site in Hungary, where it has the bulk of its engineering operation. It's also hiring producers for the Budapest office and Denton says he's close to a deal in India with a local partner to expand Gawker's presence there. Gawker has previously relied on partners who have syndicated or translated Gawker content and sold ads locally, like NetMediaEurope and Australia's Allure Media. Denton says the goal of the Guanabee acquisition was to accelerate growth in Latin America and obtain the services of Mauser. Guanabee and Gawker have been longtime advertising partners. Denton didn't say the terms of the deal, only that it wasn't "financially material" to Gawker. Gawker's only previous acquisition, the 2010 deal to buy a New York-focused site, Cityfile, was disappointing. Its founder, Remy Stern, served as Gawker.com's editor-in-chief until he left in late 2011. Cityfile is not active today. But rather than bolster Gawker's New York cred, Denton is chasing what he feels is a big growth opportunity abroad. "About one-third of our traffic is international—and with those sites operated by our partners, that would rise closer to a half," says Denton. 'We see quite a bit of growth coming from international—I'd expect it would quadruple as proportion of total." Gawker Media has 180 employees, 40 whom are international. The network has about 35 million monthly unique visitors and serves up 560 million monthly pageviews. More: Nick Denton Gawker Acquisition 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 And Now Nick Denton Will Rule The World And Now Nick Denton Will Rule The World The blog impresario's ambitions expand with the acquisition of Guanabee Media. 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	M&A	1	[ { "label": "M&A", "score": 1 } ]
Messaging App Tango Integrates Commerce — Farfetch Acquires Boutique Retailer Browns — Investment Fund for Drone Companies Menu icon A vertical stack of three evenly spaced horizontal lines. Search icon A magnifying glass. It indicates, "Click to perform a search". Insider logo The word "Insider". 0 Newsletters Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. Log in Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. 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H M S In the news Close icon Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification. Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. HOMEPAGE 0 Newsletters Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. Log in Subscribe Subscribe Home Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. Insider Intelligence Messaging app Tango integrates commerce — Farfetch acquires boutique retailer Browns — Investment fund for drone companies Cooper Smith 2015-05-13T11:00:00Z Save Article Icon A bookmark Facebook Icon The letter F. Email icon An envelope. It indicates the ability to send an email. Share icon An curved arrow pointing right. Twitter icon A stylized bird with an open mouth, tweeting. Twitter LinkedIn icon The word "in". LinkedIn Fliboard icon A stylized letter F. Flipboard Link icon An image of a chain link. It symobilizes a website link url. Copy Link Download the app Good morning! E-COMMERCE INSIDER is delivered first thing every morning exclusively to BI Intelligence members and INSIDER subscribers.Have feedback? We'd like to hear from you. Write me at: csmith@businessinsider.com.MESSAGING APP TANGO INTEGRATES COMMERCE: Tango has integrated a shopping service into its mobile messaging app. The service is only available to users in the US for the time being, according to TechCrunch. The launch partners for the service are Walmart and Alibaba. Users who click on the “Shop” tab within the app will be able to browse and purchase products from those retailers. Tango will add a layer of personalization, organizing products by a user’s browsing habits in the app. In addition to letting users shop from retailers, over time, Tango wants users to be able to buy and sell from other users on the platform as well. Tango currently has 300 million registered users, but declined to tell TechCrunch how many of those users are active each month. Back in March of last year it had 200 million registered users, 70 million of whom were active monthly. Messaging apps like Tango are increasingly becoming major players in the social commerce space. More than half of the active users of most mobile messaging apps in the US and the UK are interested in using such apps for money transfers, according to GlobalWebIndex. If users are comfortable using messaging apps to transfer money then it suggests that they are also interested using those apps for other commerce activities such as shopping. Also, messaging apps in the Asia-Pacific have already had success integrating commerce — which bodes well for Tango's commerce initiatives in the US. For example, nearly one in every five of China-based WeChat's users shopped in the app last year, according to the China Internet Network Information Center. BI Intelligence FARFETCH ACQUIRES BOUTIQUE RETAIL CHAIN BROWNS: Fashion e-commerce marketplace Farfetch has acquired Browns, which owns a handful of boutique apparel stores throughout London, according to Business of Fashion. Browns is considered an iconic British retail brand, introducing new fashion labels to UK consumers since the1960s. John Galliano and Gussein Chalayan are just a couple of now-famous fashion designers who got their start selling in Browns stores. The acquisition marks Farfetch’s first major foray into physical retail. Farfetch's CEO Jose Neves says the acquisition is part of a broader effort to disrupt high-end fashion. He claims that only 6% of luxury fashion sales worldwide currently occur online, according to the Wall Street Journal. Farfetch will also use Browns' stores to test in-store retail technology, but it's not clear what specifically. Although it will work closely with Farfetch, Browns will remain independent of Farfetch. After the acquisition is finalized, Holli Rofers, the former fashion director of Net-A-Porter, will take the helm as CEO of Browns. NEW INVESTMENT FUND FOR A DRONE “ECOSYSTEM”: Drone manufacturer DJI and venture capital firm Accel Partners are forming an investment fund specifically for software and hardware companies in the drone ecosystem, according to Re/code. The fund could help accelerate the use of drones in the retail and shipping industries. Delivery drones are expected to greatly reduce the cost and increase the speed of last-mile delivery. For example, Amazon's delivery drone program, Amazon Prime Air, is expected to cost customers just $1 for a 30-minute delivery, according to ARK Investment Management estimates. That's far less expensive than alternative delivery methods currently cost. BI Intelligence COMPANIES IN THE NEWSLuxottica — the parent company of Ray-Ban, Oakley, and Vogue — will start selling on Chinese e-commerce retailer JD.com. Luxottica also sells on Alibaba's e-commerce marketplaces in China. On-demand delivery startup WunWun is shutting down after three years of operation, according to TechCrunch. A competing startup called Alfred, which focuses solely on the home services space, has agreed to acquire WunWun's technology and hire its staff. Uber is testing cash payments in India. Alibaba has increased its equity stake in Zulily. The Chinese e-commerce giant now controls approximately 9% of the US-based e-commerce site. Here's what else BI Intelligence subscribers are reading...Mobile shoppers now account for the majority of spending on Alibaba's e-commerce marketplacesGrubHub and Seamless are handling nearly a quarter-million online restaurant orders a daySocial media is the fastest growing source of e-commerce trafficLog in or sign up for a BI Intelligence full membership to get access to the above. Sign up for notifications from Insider! Stay up to date with what you want to know. 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Rovio Acquires Futuremark Games Studio In Its Quest To Become Bigger Than Disney http://www.businessinsider.com/rovio-acquires-futuremark-games-studio-2012-3/comments en-us Tue, 01 Dec 2015 06:05:38 -0500 Tue, 01 Dec 2015 06:05:38 -0500 Dylan Love http://static3.businessinsider.com/assets/images/bilogo-250x36-wide-rev.png Business Insider http://www.businessinsider.com	M&A	1	[ { "label": "M&A", "score": 1 } ]
Open Road Films Acquires Rights To 'jOBS' After Bidding War Over The Ashton Kutcher Flick http://www.businessinsider.com/open-road-films-acquires-rights-to-jobs-after-bidding-war-over-the-ashton-kutcher-flick-2013-1/comments en-us Tue, 28 Jun 2016 23:41:03 -0400 Tue, 28 Jun 2016 23:41:03 -0400 Lucas Shaw http://static3.businessinsider.com/assets/images/bilogo-250x36-wide-rev.png Business Insider http://www.businessinsider.com	M&A	1	[ { "label": "M&A", "score": 1 } ]
Marissa Mayer's Acquisition Strategy Will Fail, Says VC - Business Insider Tech BI Intelligence Events Trending Tech Finance Politics Strategy Life Sports Video All Continue to Business Insider » You will be redirected in seconds. × From To You have successfully emailed the post. Marissa Mayer's Acquisition Strategy Will Ruin Yahoo Employee Morale, Says VC Nicholas Carlson May 14, 2013, 11:17 AM 13,738 16 facebook linkedin twitter email print APYahoo CEO Marissa MayerYahoo CEO Marissa Mayer believes her company needs more talented and enterpreneurial engineers and product managers. (She's right!) So, for the last six months or so, Mayer has been acquiring small, failed mobile startups for small amounts of money, turning off their products, and integrating their teams into Yahoo's larger workforce. These deals are called "acqui-hires." Usually, they cost about $1 million per engineer. Mayer has done about ten of them since she joined Yahoo last summer. Just last Friday, Yahoo bought a tiny little company called Loki Studios. Yahoo isn't the first company to do a lot of them. Google buys dozens of startups for this reason every year. Facebook also hires people this way. Venture capitalist Mark Suster – who is famous in his industry for selling two companies, and the joining GRP Partners – says that Mayer's acqui-hire strategy is actually really terrible, because it will drain morale from existing employees. He writes: Why Acquihires Hurt the Acquiring Company How about if we look at it from the “rest of company” perspective. You have been at Google, Salesforce.com, Yahoo! for years. You have worked faithfully. Evenings. Weekends. Year in, year out. You have shipped to hard deadlines. You’ve done the death-march projects. In the trenches. You got the t-shirt. And maybe got called out for valor at a big company gathering. They gave you an extra 2 days of vacation for your hard work. And that prick sitting in the desk next to you who joined only last week now has $1 million because he built some fancy newsreader that got a lot of press but is going to be shut down anyways. What kind of message does that send to the party faithful who slave away loyally to hit targets for BigCo? I’ll tell you what is says. It says if you want to make “real” money - quit. Go do a startup. Get some famous angel or seed money. Get yourself in a big demo day competition. Woo the press. Hire legions of young, impressionable graduates from the top engineering universities. And then come back and sell me your company. I know many rank-and-file employees. I’ve had the chats with them. You rarely meet people who don’t resent the scores of entitled acquihirees of their company. Does Yahoo! et al really have to keep up with the Jones’s to build its future? For the 200 new employees they’ll get through acquihires do they unleash 2,000 unhappy existing employees? Sure, most won’t quit. Because they know that it’s not a slam dunk to start a business and get acquired. But the most talented of those 2,000 will. What if the $100 million you’re going to spend trying to win this alleged “war for talent” in stead went into big retention plans to keep your most talented employees. You can’t “Roll Out the Red Carpet When Your Best Employees are on the Way Out the Door” as I wrote in this post. So why not announce big, hairy audacious goals on recruiting the best mobile talent with sign-on bonuses and retention plans? And reward your existing top 10% of employees handsomely. I’ll bet the ROI would be higher than acquihires. More: Yahoo Marissa Mayer facebook linkedin twitter email print Recommended For You Comments Comments on this post are now closed. 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Salesforce Is Buying Workplace Messaging App Slack for $27.7 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. Enterprise Salesforce is buying workplace messaging app Slack for $27.7 billion in its biggest deal ever Paayal Zaveri 2020-12-01T21:14:10Z 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 Photo by Kimberly White/Getty Images for Fortune Salesforce is buying the workplace messaging app Slack for $27.7 billion, it announced on Tuesday. The deal is Salesforce's largest acquisition ever and represents a more aggressive foray into office communication technology at a time when remote work has made chat and collaboration tools more essential than ever. The acquisition could help Salesforce compete with its longtime rival Microsoft, which has benefited from an explosion in use of its Microsoft Teams app amid the pandemic. This is the third large acquisition Salesforce has made in the past few years, following Tableau for over $15 billion in 2019 and MuleSoft for $6.5 billion in 2018, as it looks to diversify its product portfolio. Slack also stands to benefit from the deal, as the company has seen relatively flat growth rates during the pandemic, while other collaboration tools have seen skyrocketing demand and revenue. Visit Business Insider's homepage for more stories. 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. Salesforce is buying the workplace messaging app Slack for $27.7 billion, Salesforce announced on Tuesday. It is Salesforce's largest acquisition ever and represents a more aggressive foray into office communication technology for the cloud giant at a time when remote work has made collaboration tools more essential.The deal is a combination of cash and stock, a detail that CNBC first reported on Monday. Slack shareholders will get $26.79 in cash and 0.0776 shares of Salesforce common stock for each Slack share. Slack's stock was down over 3% on the news, while Salesforce shares went were also down about 3%. Before reports of the deal talks, Slack had a market cap of about $17 billion. It was valued at roughly $25 billion when markets closed on Tuesday.The deal could help Salesforce compete with its longtime rival Microsoft, which has benefited from an explosion in use of its Microsoft Teams app amid the pandemic. Analysts say the addition of Slack — itself the chief competitor to Microsoft Teams — will give Salesforce a way to similarly connect all of its various apps and services by way of a collaboration tool, making it more competitive.Microsoft Teams had 115 million daily active users as of October, up from the 75 million it announced in April and its 44 million from mid-March. Slack, meanwhile, hasn't given an updated number for its daily active users since October 2019, when it had 12 million daily active users. Slack did say it had 130,000 paid customers as of its second quarter, up from 100,000 a year ago, with its biggest customers including IBM and ViacomCBS. "Stewart and his team have built one of the most beloved platforms in enterprise software history, with an incredible ecosystem around it," Salesforce CEO Marc Benioff said in a press release. "This is a match made in heaven. Together, Salesforce and Slack will shape the future of enterprise software and transform the way everyone works in the all-digital, work-from-anywhere world.""Salesforce started the cloud revolution, and two decades later, we are still tapping into all the possibilities it offers to transform the way we work. The opportunity we see together is massive," Slack CEO Stewart Butterfield said in a press release. "Personally, I believe this is the most strategic combination in the history of software, and I can't wait to get going."After the deal closes, Slack will become an "operating unit" of Salesforce, with Butterfield remaining as its CEO.The news came almost a week after The Wall Street Journal reported the two companies had recently held discussions about a deal. It's also one of the largest deals the software industry has seen in recent years. Salesforce's purchase of Slack ranks among mega-acquisitions from its peers: IBM's purchase of Red Hat for $34 billion in 2019 and Microsoft's purchase of LinkedIn for $27 billion in 2016 are two of the largest software deals in recent memory.The acquisition gives Salesforce a robust, well-established workplace communication platform to add to its product suite. Though Salesforce already had its enterprise social network, Chatter, and collaboration product Quip, which it acquired in 2016, neither tool has the same popularity as Slack.The purchase also marks the third major acquisition that Salesforce has made in the past few years in an attempt to diversity its offerings and build out its platform. It bought the data-visualization company Tableau for over $15 billion in 2019 and MuleSoft for $6.5 billion in 2018. And it's working to integrate both into the broader Salesforce ecosystem. Salesforce has also made smaller acquisitions, like the industry-specific software maker Vlocity for $1.3 billion in February.Additionally, the move is in line with Salesforce's strategy of relying on acquisitions to drive its growth as it faces what UBS analysts recently called a "lack of innovation." The deal also benefits Slack, which has seen relatively flat growth rates during the pandemic, while other collaboration tools like Zoom and DocuSign have seen skyrocketing demand and revenue. Competition with Microsoft Teams could also be putting pressure on Slack, analysts previously said. Salesforce and Slack also already have a partnership that allows users to move more seamlessly between the cloud services. Their headquarters are just blocks apart in downtown San Francisco. The announcement comes as Salesforce reports third quarter earnings that beat Wall Street estimates. It also announced that CFO Mark Hawkins will retire. He will be in his role until January 31, 2021, and then transition to an advisory role through October 2021. Amy Weaver, former chief legal officer, will take over as CFO.Got a tip? Contact this reporter via email at pzaveri@businessinsider.com or Signal at 925-364-4258. (PR pitches by email only, please.) You can also contact Business Insider securely via SecureDrop. Sign up for notifications from Insider! Stay up to date with what you want to know. Subscribe to push notifications Read next NOW WATCH: Mars CEO explains how Gen Z is transforming the $35 billion company's workplace Salesforce Slack m&a 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 . 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UBS and Credit Suisse's Wealth Business Merger Will Be Awkward 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. Finance Swiss Miss: Why UBS's deal with Credit Suisse will threaten its hold on rich clients Hayley Cuccinello 2023-03-22T20:28:37Z 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 Read in app NurPhoto This story is available exclusively to Insider subscribers. Become an Insider and start reading now. Redeem now UBS was already a giant in wealth management before it agreed to buy doomed rival Credit Suisse. Ultra-rich clients are concerned that the acquisition will impact the bank's white-glove service. Whether clients stay or go depends on how quickly UBS can cure Credit Suisse's woes. UBS was already the largest private wealth manager in the world before it agreed to buy fellow Swiss bank Credit Suisse. A forced merger will now broaden UBS's already sprawling client base, but it will also invite challenges for its wealth brand across the globe. UBS and Credit Suisse are both known for servicing the ultra-rich, though UBS does so on a much larger scale. The acquirer had $2.8 trillion in global wealth management assets as of the end of 2022 while Credit Suisse's totalled $585 billion.Rich clients as well as industry analysts are concerned that UBS will have to spend considerable time and resources to integrate Credit Suisse, which has been plagued by scandals for several years. For instance, Credit Suisse's then-CEO Tidjane Thiam was ousted in 2019 after it was discovered the bank had hired spies to trail star banker Iqbal Khan after he departed for UBS. Khan now leads UBS's global wealth business and could be responsible for integrating the two.Rich families, who tend to spread their money with banks across the globe, are "concerned at what UBS might find and the drain it might take on UBS," said Wendy Craft, who runs the family office of New York real-estate heir Kent Swig. "If you need to bank in Switzerland, you may have to, but short of that, folks are in a wait-and-see mode." Michael Oliver, cofounder of Global Partnership Family Offices, has gotten numerous inquiries from members of the UK-based family office association about the acquisition. Most are worried about the interruption of the white-glove service they have come to expect from UBS. Credit Suisse's baggage doesn't help UBS's brand either."Credit Suisse's reputation is worse than UBS in the family office ecosystem. Does that degrade UBS by their combination? Yes," said Oliver.But he added that this is only one factor in clients' decision-making process when it comes to choosing a wealth manager.What will determine how many clients stay or go is how quickly UBS can integrate the best parts of Credit Suisse and cut the rest. If the takeover distracts UBS management from its core business of wealth management, this well-heeled crowd has plenty of options outside Switzerland.One plus one doesn't equal two when it comes to client assetsIn the US, little is expected to change when it comes to wealth management as Credit Suisse sold off its domestic wealth business to Wells Fargo in 2015. (Investment banking is another story). Insider spoke to two private wealth advisors based in North America who said they weren't worried and clients have not expressed concerns.But the impact will be felt overseas. With mass layoffs expected at Credit Suisse, customers may choose to follow their advisors and bankers rather than stay with the newly merged institution, said Max Georgiou, a London-based analyst at Third Bridge."Our experts say that with thousands of redundancies on the way, it is highly likely that some of the Credit Suisse management team will use their extensive contacts to start up their own wealth managers," Georgiou told Insider. "These start-ups and the increased competition they will bring could peel away some clients from the newly merged bank."Furthermore, this clientele prefers to bank with multiple institutions, he added. As Switzerland only had two banking giants, many clients already had accounts with both. With this merger, they may move some assets to other private banks to reduce exposure. Mid-sized private banks such as Lombard, Julius Baer, and Pictet, may be big beneficiaries from this migration, he said.According to a Reuters report, Credit Suisse's employees in wealth management in Zurich were reassured at a town hall on Monday that the combined units would act like a "big family" and that UBS is weighing financial sweeteners to reassure staff. UBS did not immediately respond to a request to comment on its plans.Repairing and integrating Credit Suisse might be a distraction Firdaus Ibrahim, Kuala Lumpur-based senior equity analyst at CFRA Research, told Insider that the acquisition confers several advantages to UBS, such as more opportunities for cross-selling and a greater foothold in Southeast Asia. That said, while UBS is better placed to fix Credit Suisse's issues, it is still a monumental task."There is no quick and easy solution to this. UBS needs to dispose and restructure underperforming business units, put in the right people, and improve risk and control measures throughout the CS business so that past mishaps and scandals do not occur again," said Ibrahim. "All of this requires significant time and effort from the management team."Swiss banks, despite their shadowy reputation, are no longer as secretive as they used to be, and have shared account data with foreign tax authorities since 2018."The proposition has evolved. It has been as much about discretion as it has been about secrecy for decades now," said Oliver. "There is still an expectation of excellence with Swiss banking: high levels of client service is key."The expenses associated with the Credit Suisse acquisition might hamstring UBS when it comes to growth in the US. New York-based recruiter Louis Diamond said these costs may stop the bank's aggressive recruitment efforts. "Are they going to have enough profits to keep investing in the business because they really need to keep pace with Morgan Stanley and Wells Fargo, which are investing heavily in the wealth management business?" he said. "That's the big question."But the merger gives UBS and Credit Suisse clients the thing that matters mostBut the acquisition wasn't just about rescuing Credit Suisse but restoring confidence in the Swiss banking system, Ibrahim noted. The lifeline provided by the Swiss government indicates that the new bank is too big to fail."This should strengthen the appeal of Swiss banking industry, in my view, as clients and investors can be assured that their interest is being looked after by the regulators," he said.In the short term, clients are most concerned about deposit safety and asset protection, according to Oliver, despite concerns about future service.For one Irish billionaire and Credit Suisse client, this is what matters most."I don't think there is going to be much change. This is what we have been told so far," he said on the condition of anonymity. "Our relationship person will probably change but that is it. Deposits are safe and that is really what people care about." 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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Felix, The Profitable Arm Of Yext, Has Been Acquired By IAC For ~ $30 Million - Business Insider Tech BI Intelligence Events Trending Tech Finance Politics Strategy Life Sports Video All × From To You have successfully emailed the post. Felix, The Profitable Arm Of Yext, Has Been Acquired By IAC For ~ $30 Million Alyson Shontell Aug. 20, 2012, 12:29 PM 3,797 1 facebook linkedin twitter email print Daniel Goodman via Business InsiderYext, a startup that maintains listings for businesses across the web, sold the profitable arm of its business, Felix, to IAC. Yext sold Felix, a pay-per-call advertising business, so it could put 100% of its focus on its business listings. All Felix employees will be moving over to IAC. Yext co-founder Brent Mentz is going with it as Felix's new CEO. No deal price has been announced, but Leena Rao at TechCrunch says Yext sold for $30 million. She also reports Yext is on track to do $30 million in revenue this year. Selling for just 1X revenue doesn't seem like that great a deal. We spoke with Howard Lerman this morning. He didn't confirm the sale price, but he didn't deny it either. He also said the deal was more strategic than "economically rational." "We made the decision to find the right home for this business," says Lerman. "It may not have been the most economically rational decision but we did it for two reasons. 1.) Because IAC is a great company and a great place for our employees to land. 2.) It allows us to achieve strategic focus. Now we can totally focus on creating market value for Yext." Yext recently raised $27 million at a $270 million valuation. Lerman says he wants to increase the valuation by at least 10X. But the decision to sell off Felix wasn't easy. The idea was first planted in Lerman's head after he met with Ben Horowitz last year. Horowitz suggested Lerman sell Felix to fund Yext's new business initiative, PowerListings. At first, Lerman thought it was too risky. Felix was 90% of Yext's total revenue. PowerListings had a little traction, but it was too early for Lerman to bet the farm on it. Eventually Lerman took Horowitz's advice. Now PowerListings is used by ten Fortune 100 companies and it updates listings for 70,000 businesses. In less than a year it has updated 1.2 million listings for its clients. Lerman says selling Felix has given Yext a "warchest" to grow PowerListings. "Aren’t the best bets are the crazy ones?" Lerman says. More: YEXT 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 Felix, The Profitable Arm Of Yext, Has Been Acquired By IAC For ~ $30 Million Felix, The Profitable Arm Of Yext, Has Been Acquired By IAC For ~ $30 Million Yext co-founder Brent Metz will become Felix's CEO; Jesse Lipson will fill his spot on Yext's board. Recommended For You Featured Neil deGrasse Tyson and Al Gore on the future of our planet — and everything else More "Innovators" » My husband and I are business partners who just had our first child — here's how we make it work More "What Matters" » Get Tech Emails & Alerts Sign-Up Learn More » Tech Select Tech Chart Of The Day Business Insider Select 10 Things In Tech You Need To Know Mobile Insights BII Mobile Insights More Featured Business Insider Select Tech Select Tech Chart Of The Day Markets Chart Of The Day 10 Things Before the Opening Bell Instant MBA Business Insider Events BI Intelligence Daily Finance Finance Select Markets Select Monday Scouting Report Your Money Select Financial Advisor Insights Smart Investor CFO Insider Finance Insider Wealth Advisor Select Strategy Strategy Select Advertising Select Retail Select Careers Select 10 Things You Need To Know In Advertising Politics Politics Select Military Select Life Life Select Transportation Select Education Select Entertainment Select Breaking News Tech Enterprise Select Science Select Mobile Chart Of The Day E-Commerce Chart Of The Day Payments Chart Of The Day Digital Media Chart Of The Day IoT Chart of the Day Fintech Briefing Charts of the Day Sports Chart Of The Day Top 10 Things 10 Things In Tech You Need To Know Closing Bell Sports Sports Latest Research Our 25 Top Tech Predictions The Payments Ecosystem Report The Fintech Ecosystem Report The Internet of Things Report Read Business Insider On The Go Available for iPhone, iPad, and Android Find A Job Tech Jobs C-Level Jobs Media Jobs Design Jobs Finance Jobs Sales Jobs See All Jobs » Thanks to our partners * Copyright © 2016 Business Insider Inc. All rights reserved. Registration on or use of this site constitutes acceptance of our Terms of Service and Privacy Policy. Disclaimer Commerce Policy Stock quotes by finanzen.net Made in NYC International Editions: UKDEAUSIDINMYSG	M&A	1	[ { "label": "M&A", "score": 1 } ]
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Markets More: Mergers/Buyouts Tempur-Pedic Is Buying Sealy Rob Wile Sep. 27, 2012, 7:39 AM 1,598 1 Email More Share on Tumblr Tweet Email Share on Tumblr Foxtongue via flickrFoam mattress maker Tempur-Pedic is acquiring Sealy for $1.3 billion, according to a release. The deal creates the mattress industry’s largest bedding company, according to Gerry Borreggine, Chairman of the International Sleep Products Association and President of Therapedic International. The companies will continue to separately operate on the ground. Tempur-Pedic will acquire all of the outstanding common stock of Sealy for $2.20 per share, representing a premium of approximately 23 percent to Sealy's 30-day average closing price on Wednesday, September 26, 2012. According to management, the merger creates a company valued at $2.7 billion. The stock closed at $2.14 yesterday. However, shares are trading at around $2.30 ahead of the stock market open. Tempur-pedic is 111 years younger than Sealy. Here's the statement: LEXINGTON, Ky. and TRINITY, N.C., Sept. 27, 2012 /PRNewswire/ -- Tempur-Pedic International Inc. ("Tempur-Pedic" or the "Company") (NYSE: TPX), the leading manufacturer, marketer and distributor of premium mattresses and pillows worldwide, and Sealy Corporation (NYSE: ZZ), a leading global bedding manufacturer, today announced that they have signed a definitive agreement to create a $2.7 billion global bedding provider. The combination brings together two highly complementary companies with iconic brands and significant opportunities for global innovation and growth. Founded in 1992, Tempur-Pedic is the leading manufacturer, marketer and distributor of premium mattresses and pillows made from its proprietary TEMPUR® pressure-relieving material in over 80 countries under the Tempur® and Tempur-Pedic® brand names. Sealy, with roots dating back to 1881 is a leader in the manufacturing and marketing of a broad range of high quality mattresses and foundations with a portfolio of well-known bedding brands, including Sealy®, Sealy Posturepedic®, and Stearns & Foster®. The transaction has been approved by the Boards of Directors of both companies. Stockholders holding approximately 51% of Sealy's outstanding common stock have executed a written consent approving the transaction. No additional shareholder approvals are required to complete the transaction. Tempur-Pedic will acquire all of the outstanding common stock of Sealy for $2.20 per share, representing a premium of approximately 23 percent to Sealy's 30-day average closing price on Wednesday, September 26, 2012. In addition, Tempur-Pedic will assume or repay all of Sealy's outstanding convertible and non-convertible debt, for a total transaction value of approximately $1.3 billion. The transaction, which is subject to customary closing conditions, including regulatory approvals, is expected to close during the first half of 2013. Tempur-Pedic Chief Executive Officer Mark Sarvary commented, "This is a transformational deal that brings together two great companies, each with globally recognized brands. Tempur-Pedic and Sealy together will have products for almost every consumer preference and price point, distribution through all key channels, in-house expertise on most key bedding technologies, and a world-class research and development team. In addition, our global footprint will span over 80 countries. The shared know-how and improved efficiencies of the combined company will result in tremendous value for our consumers, retailers and shareholders." Tempur-Pedic and Sealy will operate independently. Larry Rogers, Chief Executive Officer of Sealy, who has been with Sealy for 33 years, will remain CEO of Sealy and report to Mr. Sarvary. Sealy Chief Executive Officer Larry Rogers, said, "The complementary product and market fit of these two companies deliver a unique opportunity to create the first full spectrum, global bedding company that addresses all market segments and consumer preferences. Together, we believe that we can deliver more value than either business could on its own by leveraging our strong combined assets." Strategic RationaleTempur-Pedic and Sealy have highly complementary products, brands, technologies, and geographic footprints. Their combination will provide significant opportunity for both entities to leverage each other's capabilities to grow beyond their current footprints, and to increase efficiencies across the entire supply chain. Comprehensive Portfolio of Iconic Brands. Together, Tempur-Pedic and Sealy will have the strongest brand portfolio in the industry with the most highly recognized brands including Tempur®, Tempur-Pedic®, Sealy®, Sealy Posturepedic®, and Stearns & Foster®. The combined company's brand portfolio will have some of the best known brands in North America, South America, Europe, Asia and Australia. Complementary Product Offering. The combination creates the most comprehensive suite of bedding products available in the market. Sealy's strength and expertise in innerspring and hybrid innerspring mattress technologies fit seamlessly with Tempur-Pedic's position in visco-elastic mattress, adjustable base and pillow technologies. Further, the company will be able to invest more in R&D to strengthen existing products as well as develop innovative new offerings to better meet the needs and preferences of consumers and retailers. A Truly Global Company. Tempur-Pedic and Sealy have a highly complementary global footprint with distribution in over 80 countries. The combination provides both companies access to countries that represent future growth opportunities. Tempur-Pedic has a strong presence around the world, and particularly in North America, Europe, and Asia while Sealy is represented in a meaningful way in North America, Argentina and Asia. The Sealy brand is also well-recognized in many other key global markets through its international licensees and joint ventures. Significant Shareholder Value Creation. The combination is expected to be accretive in the first full year of operations, with annual cost synergies from the combined operations expected to be in excess of $40 million by the third year. These will be primarily realized through purchasing, supply chain and increased efficiencies. In addition, the combination has the potential for revenue synergies as a result of a broader product offering and access to more channels, including international expansion. Strong Financial Characteristics. Together, Tempur-Pedic and Sealy had combined pro forma adjusted EBITDA of $504 million based on the 12-months ended June 30, 2012 for Tempur-Pedic and May 27, 2012 for Sealy. The combined company will have strong cash flow characteristics that will enable rapid debt reduction and continued investment in growth initiatives. Combination of Two Strong Management Teams. The combination pairs two strong management teams with extensive industry and global consumer products experience. Tempur-Pedic and Sealy have a shared corporate culture focused on consumer-driven product innovation to deliver the best quality of sleep and building strong retailer relationships. Tempur-Pedic intends to finance the acquisition through debt financings, for which BofA Merrill Lynch has already provided customary commitment letters. BofA Merrill Lynch is acting as Tempur-Pedic's exclusive financial advisor and Citigroup as lead financial advisor to Sealy. Perella Weinberg Partners acted as the financial advisor and Blank Rome LLP as the legal advisor to an independent committee of Sealy's Board. Bingham McCutchen LLP is acting as legal advisor to Tempur-Pedic and Simpson Thacher & Bartlett LLP as legal advisor to Sealy. 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Gap Acquires Luxury Retailer Intermix - Business Insider Life BI Intelligence Events Trending Tech Finance Politics Strategy Life Sports Video All Continue to Business Insider » You will be redirected in seconds. × From To You have successfully emailed the post. Gap Acquires Luxury Retailer Intermix Christopher Parr, Pursuitist Jan. 4, 2013, 8:59 AM 22 facebook linkedin twitter email print Christopher Parr Christopher Parr is the CEO and Editor of Pursuitist Recent Posts Luxury Travel Trends For 2014: Private Jet Travel, Mexico and Africa Four Days with the 2014 Ferrari FF Joël Robuchon: An Interview With The Chef Of The Century From the Wall Street Journal, Gap Inc. is buying luxury retailer Intermix. For Gap, this is just the beginning of its growth and I wouldn’t be surprised if the company buys more businesses in the coming year. In the meantime, what do you think about this news? Do you shop at Intermix and Gap? What was the last thing you bought? Gap Inc. is buying women’s fashion boutique Intermix Inc. for $130 million, a deal that will give the mostly casual-clothes retailer an opening to the all-important luxury market. Intermix doesn’t produce its own clothes and only has around 30 stores in the U.S. and Canada. But the chain has relationships with designers, including Herve Leger, Yves Saint Laurent and Rag & Bone, from which Gap could benefit. Intermix could also expand more quickly with the help of Gap’s bigger balance sheet. Gap plans to double Intermix’s store count, then look for opportunities to expand the chain overseas, said Art Peck, president in charge of new brands at Gap. – read more via WSJ Read more posts on Pursuitist » Read the original article on Pursuitist. Copyright 2013. Follow Pursuitist on Twitter. More from Pursuitist: Watch On The Rhine: Pursuitist Sails On An AMA Waterways Wine-Themed Cruise Dolce & Gabbana’s Exclusive Crown Makes A Royal Christmas Gift For Your Queen LEAP – Living Ecological Alpine Pod facebook linkedin twitter email print Recommended For You Comments Comments on this post are now closed. Insiders 0 All Comments 0 Apply To Be An "Insider" » Loading Gap Acquires Luxury Retailer Intermix Gap Acquires Luxury Retailer Intermix From the Wall Street Journal, Gap Inc. is buying luxury retailer Intermix. For Gap, this is just ... 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 Life Emails & Alerts Sign-Up Learn More » Life 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	M&A	1	[ { "label": "M&A", "score": 1 } ]
Stock Picks, Companies Ripe for Acquisition by Private Equity: BTIG Menu icon A vertical stack of three evenly spaced horizontal lines. Search icon A magnifying glass. It indicates, "Click to perform a search". Insider logo The word "Insider". 0 Newsletters Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. Log in Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. 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It symobilizes a website link url. Copy Link Download the app Reuters This story is available exclusively to Insider subscribers. Become an Insider and start reading now. Private-equity firms are sitting on an estimated $1.5 trillion in cash that can be used to acquire companies. The coronavirus crisis has cheapened the valuations of many popular companies and made them targets for deals. BTIG's Julian Emanuel identified 22 such targets that have been supported by private equity or venture capital in the past.Click here for more BI Prime stories. Warren Buffett is not the only investor who is hesitating to buy companies in this environment. The coronavirus crisis has cast a large shadow of uncertainty on the future of asset prices and, more broadly, how the global economy will function. For this reason, Buffett's Berkshire Hathaway is sitting on $128 billion in cash and waiting for the right opportunity.Like Buffett, private-equity firms also have reserves of liquid assets — $1.5 trillion in total, according to BTIG's estimates. "The question of 'what to buy?' for PE is more vexing than usual, given the elevated uncertainty," Julian Emanuel, the chief equity and derivatives strategist at BTIG, said in a recent note. "Yet this uncertainty is what has consistently created opportunity for patient, long-term investors over the last two generations." The one thing all crises have in common is that they end. And to tap into the opportunities that this one presents, private-equity firms can buy up well-known companies whose valuations have recently plunged, Emanuel said.He screened for companies that were previously backed by private equity or venture capital, went public after the 2008 financial crisis, and now have market caps above $2 billion. Their stock prices are deeply discounted, either trading under the IPO level or more than 50% below all-time highs.Additionally, these companies are run by the same CEO or founder that took them public, adding to the element of familiarity that could cushion the uncertainty of buying during a crisis. And finally, all the stocks have relatively low leverage, as assessed by net debt-to-equity ratios less than 100%. 1. Vir Biotechnology Markets Insider Ticker: VIRChange from IPO: 40% Change from all-time high: -63%Source: BTIG 2. SmileDirectClub Markets Insider Ticker: SDCChange from IPO: -70% Change from all-time high: -67%Source: BTIG 3. Medallia Markets Insider Ticker: MDLAChange from IPO: -3% Change from all-time high: -54%Source: BTIG 4. Uber Markets Insider Ticker: UBERChange from IPO: -37% Change from all-time high: -40%Source: BTIG 5. Beyond Meat Markets Insider Ticker: BYNDChange from IPO: 266% Change from all-time high: -62%Source: BTIG 6. Lyft Markets Insider Ticker: LYFTChange from IPO: -59% Change from all-time high: -67%Source: BTIG 7. Farfetch Yahoo Finance Ticker: FTCHChange from IPO: -37% Change from all-time high: -61%Source: BTIG 8. Allakos Markets Insider Ticker: ALLKChange from IPO: 234% Change from all-time high: -57%Source: BTIG 9. Pluralsight Markets Insider Ticker: PSChange from IPO: 3.4% Change from all-time high: -60%Source: BTIG 10. Dropbox Markets Insider Ticker: DBXChange from IPO: -7% Change from all-time high: -55%Source: BTIG 11. Gates Industrial Corp. Markets Insider Ticker: GTESChange from IPO: -56% Change from all-time high: -59%Source: BTIG 12. Canada Goose Markets Insider Ticker: GOOSChange from IPO: 78% Change from all-time high: -69%Source: BTIG 13. Snap Markets Insider Ticker: SNAPChange from IPO: -1% Change from all-time high: -43%Source: BTIG 14. Athene Holding Markets Insider Ticker: ATHChange from IPO: -38% Change from all-time high: -55%Source: BTIG 15. Nutanix Markets Insider Ticker: NTNXChange from IPO: 14% Change from all-time high: -72%Source: BTIG 16. Invitae Markets Insider Ticker: NVTAChange from IPO: -4% Change from all-time high: -31%Source: BTIG 17. Sage Therapeutics Markets Insider Ticker: SAGEChange from IPO: 106% Change from all-time high: -58%Source: BTIG 18. Ultragenyx Pharmaceutical Markets Insider Ticker: RAREChange from IPO: 179% Change from all-time high: -57%Source: BTIG 19. Twitter Markets Insider Ticker: TWTRChange from IPO: 7% Change from all-time high: -63%Source: BTIG 20. Bluebird Bio Markets Insider Ticker: BLUEChange from IPO: 199% Change from all-time high: -74%Source: BTIG 21. Diamondback Energy Markets Insider Ticker: FANGChange from IPO: 130% Change from all-time high: -57%Source: BTIG 22. Intercept Pharmaceuticals Markets Insider Ticker: ICPTChange from IPO: 413% Change from all-time high: -85%Source: BTIG Read next Was this article valuable for you? 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Yahoo Has Acquired Snip.it - Business Insider Tech BI Intelligence Events Trending Tech Finance Politics Strategy Life Sports Video All × From To You have successfully emailed the post. × Yahoo Has Acquired Snip.it, And The Startup Dealmaker Who Launched It Owen Thomas Jan. 22, 2013, 8:35 PM 9,638 4 facebook linkedin twitter email print Ramy AdeebYahoo CEO Marissa Mayer is moving ahead with her plan to acquire struggling startups with talented teams: The company is, as expected, snapping up Snip.it, a website which lets users make collections of links on a topic to share their expertise. AllThingsD reported Yahoo's interest earlier Tuesday. The Snip.it service is shutting down, according to a note posted on the website. That pragmatic decision will sadden some Snip.it users, but it suggests that Yahoo was interested in Snip.it more for its employees than its product. While it's easy to see how Snip.it's expertise in design and user interfaces might serve to refresh aging Yahoo products like, say, Yahoo Answers, we have a different theory about why Yahoo bought it—and that's to get the services of Snip.it CEO Ramy Adeeb. Adeeb has a particularly interesting background. Before starting Snip.it, Adeeb worked at Khosla Ventures, where he helped make investments in companies like GroupMe and Square. And before that, he worked at Tellme, an enterprise startup acquired by Microsoft for $800 million. As such, he has powerful connections with a host of startups backed by Khosla or launched by Tellme alumni. Mayer is an angel investor in Square, which suggests that the two might have similarly keen eyes for the next wave of design-oriented mobile apps. After getting his team situated at Yahoo, we think Adeeb might move into a corporate-development role, leading Yahoo's dealmaking with startups to assemble the talented teams with which Mayer hopes to stage a mobile-focused turnaround. More: Yahoo Acquisition Marissa Mayer Snip.it Ramy Adeeb facebook linkedin twitter email print Recommended For You Comments Comments on this post are now closed. Insiders 1 All Comments 4 Apply To Be An "Insider" » Loading Yahoo Has Acquired Snip.it, And The Startup Dealmaker Who Launched It Yahoo Has Acquired Snip.it, And The Startup Dealmaker Who Launched It The job Marissa Mayer assigns him to will be telling. 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	M&A	1	[ { "label": "M&A", "score": 1 } ]
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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 Industry experts predict Procter & Gamble could acquire these 10 companies in 2021 Alex Bitter 2020-12-17T16:06:07Z 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 Bite This story is available exclusively to Insider subscribers. Become an Insider and start reading now. Procter & Gamble has a history of acquiring small but fast-growing brands, like Native Deodorant and women's shaving brand Billie. The pandemic has made it harder to assess potential acquisition targets by meeting executives and visiting factories, P&G CFO Jon Moeller said in June. Still, he indicated that the company is open to making deals. Here are 10 brands that experts say would either complement P&G's existing consumer brands or take it into new areas. Visit Business Insider's homepage for more stories. For Procter & Gamble and other large consumer companies, finding growth isn't always easy.While P&G has teams responsible for developing and honing products like mouthwash, paper towels, and soap to consumer preferences, some of the most exciting products come from small companies fresh off a seed funding round. P&G has touted its recent acquisitions, including Native Deodorant and women's shaving brand Billie, for their health-focused attributes and the strong affinity consumers have for them.When P&G will scoop up its next upstart brand isn't clear. CFO Jon Moeller said at a presentation in June that the spread of COVID-19 has made it harder to evaluate potential deal targets, including schmoozing startup executives."Think about the need to really get to know a management team at a personal level," he said. "It's extraordinarily difficult in this environment. So that does temper, to some extent, the amount of risk that one might want to take on.""We will remain open to it and opportunistic," Moeller said but added that P&G's "major thrust" will be on growing sales of brands it already owns.Experts on the consumer goods industry say there are still acquisition opportunities even with the challenges posed by the pandemic.Keith Anderson, senior vice president of strategy and insights at Profitero and a longtime consultant to consumer companies, said that even emerging brands with products that have been more in-demand than usual during the pandemic have buckled and been unable to adjust their supply chains."It could be a good time to acquire a growth brand that had been doing well but has been struggling with the volatility ," he said."The beauty of a lot of big CPG companies is that they are more comfortable paying a premium for a sure thing than investing over an even longer timescale for something that has more risk," he added.Sales of many personal and home care products have surged during 2020 as consumers rely more on personal care products like soap and cleaners to disinfect their homes. Consumers are still shopping and reaching for name brands, which represents a far different scenario than the last major economic downturn, when the souring economy led many consumers to cut costs by opting for store brands or going without products entirely, GlobalData analyst Katie Page said in an interview."Contrary to the 2008 trade down, [consumers] will probably just trade out their spending for products that truly perform," she said. "It's going to be increasingly important: Are [brands] hitting the service levels that consumers expect? Are they hitting the experiential elements? Are you hitting things like sustainability?"For Anderson, markers of a good P&G acquisition target include direct distribution to consumers, products that are better for the environment than rivals, and an advantage over other choices when it comes to quality. Filling those niches with acquisitions is key for a P&G, said Allen Adamson, co-founder at consultancy Metaforce who previously managed brands for Unilever and worked on advertising for P&G. "The biggest risk for Procter & Gamble is that all their products are seen as commodities," he said.Business Insider asked experts which companies P&G could be eyeing for a potential acquisition. Here are 10 companies they pointed to: Truman's Truman's What it makes: Cleaning products with limited water and refillable bottlesWhy P&G would want to buy it: Truman's markets its kitchen and glass cleaners as efficient for consumers: Instead of full bottles, it sells cartridges of dry cleaner ingredients that you can add to nozzle-topped containers full of tap water. For P&G, there's another benefit. The company wouldn't "need to have a huge plastic bottle shipped across the country" with all the expenses associated with shipping, Anderson said.Growing the Truman's model could mean lower shipping costs for P&G, a key advantage in a business where cutting the cost of logistics and raw materials represent a key part of turning a profit, he said. HiBar HiBar What it makes: High-end shampoo and haircare products in bar formWhy P&G would want to buy it: Like Truman's, HiBar's focus on taking water and plastic packaging out of consumer goods could save P&G money when it comes to manufacturing and shipping, Anderson said. "You get the same number of washes and conditions out of a much smaller form of product," he said.That also makes HiBar appealing to environmentally conscious consumers, he said, putting it among brands that "has some substantive claim to offering a benefit that is real in the minds of consumers." Bite Bite What it does: Makes toothpaste tablets Why P&G would want to buy it: The maker of Crest toothpaste could be interested in a better-for-you, low-waste version of one of its best-known products, Anderson said. Bite's pitch includes that its tablets are free from plastic microbeads, an ingredient historically common in traditional toothpaste. The company is also direct-to-consumer and emphasizes recurring shipments of products through subscriptions, he said. Perfect Diary Kick off your weekend with a PEACHY look! 🍑 Featuring: #ExplorerPalette 10 Fancy Carp . . . #perfectdiary #unlimitedbeauty #perfectyourday #makeup #beauty #lips #cosmetics #mua #instamakeup #instabeauty A post shared by Perfect Diary (@perfectdiaryofficial) on Oct 2, 2020 at 6:34am PDTOct 2, 2020 at 6:34am PDT What it makes: Cosmetics, from lipstick to foundation, in ChinaWhy P&G would want to buy it: P&G took a big step away from cosmetics in 2016 when it sold 41 brands to Coty, including Covergirl and Hugo Boss fragrances, for just under $15 billion. But the company still has some beauty labels, such as Olay and SK-II, in its stable. "Perfect Diary could be a winner on a number of fronts," Page said. Its products already have a large following in mainland China and have outsold some US and European beauty brands in the country, such as L'Oreal.That's a sign that Perfect Diary knows how to market to customers that tend to be far more digitally savvy than those in the US, Page said, adding that P&G could use its global reach to expand sales in Europe and North America. Florence by Mills lip gloss without the sticky factor? yes plz! 🙋‍♀️ #florencebymills get glossed lip gloss available at @bootsuk, @ultabeauty, @beautybaycom, @douglas_cosmetics, @asos_faceandbody, @lookfantastic, and florencebymills.com A post shared by florence by mills (@florencebymills) on Sep 29, 2020 at 11:05am PDTSep 29, 2020 at 11:05am PDT What it makes: Free-from cosmetics aimed at teensWhy P&G would want to buy it: Founded by "Stranger Things" star Millie Bobbie Brown, Florence by Mills emphasizes that its products work with a range of different skin types and are eco-friendly. The brand was also a strong performer when it launched in 2019, Ulta Beauty CEO Mary Dillon told analysts last year.The brand was reportedly for sale with a potential buyer in the private equity world, Glossy reported in September. But the brand could be a breath of fresh air for a large CPG company like P&G, Page said."This is potentially a very different and challenging proposition for a [multinational company]," she said, "but having a brand like that in their portfolio could be a very interesting statement of intent about the care that a brand aspires to take of its customers and the wider environment." Tushy Tushy What it makes: Bidets that you can install on a toilet seatWhy P&G would want to buy it: Paper-based personal care products make up around a quarter of P&G's sales, meaning that the company relies heavily on commodities like pulp to manufacture Bounty paper towels and Charmin toilet paper .But Tushy offers an alternative to toilet paper without all the cost of paper pulp, as well as all the logistical challenges of distributing toilet paper that were laid bare earlier this year when purchases at grocery stores surged, Anderson said."You're going to see the brands say 'We can't be substituted,'" Anderson said. "'We're going to redefine how people meet that need.'" Leaf Shave The Twig is coming... ▫️ Hi folks! 👋 The second razor joining our lineup is launching for preorder very soon. Meet, The Twig. 💚 ▫️ The Twig is a single blade fixed head safety razor. Perfect for detail work, and tight places. Delivering what we think is the best single blade safety razor shaving experience, or an amazing companion to your Leaf razor for the ultimate shave setup. ▫️ We didn't just reskin and tweak a double edge safety razor. We rebuilt this little guy from the ground up, tuned wonderfully for every body. Thousands of Leaf customers have us feedback on prototype designs, and we took all of that very seriously. ▫️ The Twig will be a lower cost entry point into shaving with Leaf. The Leaf razor is still the most advanced, easiest to use safety razor available with its entirely unique multi blade pivoting head design. But the twig is ready to hold its own and we think it will be an amazing addition into the plastic free shaving world, built for regular people (like us all here!) not shaving experts. ▫️ We are launching The Twig on a crowd funding site as homage to our roots. You will be able to preorder The Twig then, at the best prices it will ever be available (which will be revealed at launch). We are already in production with The Twig, so it will ship pretty soon after close of our campaign. You will definitely want to be early! So click through the link in our bio, or head to twigrazor.com to sign up for early notification. ▫️ Much love 💚🍃 - Adam #leafyleap A post shared by Leaf Shave (@leafshave) on Jul 22, 2020 at 12:47pm PDTJul 22, 2020 at 12:47pm PDT What it makes: Shaving razorsWhy P&G would want to buy it: P&G's grooming business, which includes razors it makes under brands like Gillette, has largely been left out of the pandemic sales spike that many of its other products have felt.While that's partially because many consumers aren't shaving as much as they stay at home, Leaf would add high-quality razors to P&G's portfolio, Anderson said. Unlike what P&G already makes, Leaf's razors use higher-quality handles and place a premium on a comfortable shave."Their razors are not cheap... but they've already innovated more than even The Art of Shaving did in some ways," he said, comparing Leaf's strategy with razors to Tesla's approach to cars in that both "start at the high end." Quip Our Smart Electric Toothbrush has the same standout features as our original brush, with a new brain (thanks to that new Bluetooth® Smart Motor). So you can track your oral care habits, and get tips and rewards. A post shared by quip (@quip) on Aug 11, 2020 at 12:01pm PDTAug 11, 2020 at 12:01pm PDT What it makes: Direct-to-consumer smart toothbrushes, toothpaste and other oral care suppliesWhy P&G would want to buy it: Quip's toothbrushes connect to a smartphone app that give customers information about how well they're brushing. The company also emphasizes subscriptions for brush head refills.Advantages like those would make it an attractive purchase for P&G, filling a hole that existing brands like Oral-B and Crest do not, Forrester Vice President and Principal Analyst Dipanjan Chatterjee said. "It has created excitement in a category as pedestrian as dental care where P&G, Colgate, and others have been lost in the sea of sameness, and it has built salience through a presence in traditional channels like Target and already has a running start in growing the brand," Chatterjee said. Ecos When you walk into @target for one thing, and come out with a 🛒 full of goodies. 🙃 #nojudgement Add our ECOS® Hypoallergenic Hand Soap on your next #Targetrun 🛒 ✔️ Only $3.49 ✔️ Made without irritating dyes, parabens, phosphates or phthalates ✔️ Available in three scented options or Free & Clear if that's your thing #cleanwithECOS A post shared by ECOS (@ecoscleans) on Sep 29, 2020 at 8:37pm PDTSep 29, 2020 at 8:37pm PDT What it makes: Eco-friendly and hypoallergenic household cleanersWhy P&G would want to buy it: Growing a small, direct-to-consumer brand is hard work, so it may make more sense for P&G to buy a more mature company, Adamson said. Though Ecos has been around for decades, it would provide P&G a host of eco-friendly products overnight, from dish soap to laundry detergent. That's a better alternative than buying a series of smaller brands with single-product focuses or building the brands from scratch, Adamson said. "There's a credibility gap when big brands that have existed forever try to become more green," he said.Rival Unilever made a similar move in 2016 when it bought Seventh Generation for $700 million. Lush STEFANO RELLANDINI/Reuters What it does: Sells cosmetics in retail locations and onlineWhy P&G would want to buy it: "Even the most powerful direct-to-consumer brands are thinking about showroom retail," Adamson told Business Insider. So would it be so outlandish for P&G to acquire a brand known for its shower bombs and skin treatments, even if stores are involved?Buying the UK-based company would also take P&G into a largely new category instead of adding another cleaning product to its already-full portfolio, he said. 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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Government Might Interfere With Google's AdMob Acquisition - Business Insider Tech BI Intelligence Events Trending Tech Finance Politics Strategy Life Sports Video All × From To You have successfully emailed the post. Government Might Interfere With Google's AdMob Acquisition Jay Yarow Dec. 8, 2009, 8:08 AM 455 3 facebook linkedin twitter email print The FTC is reviewing Google's acquisition of mobile ad company AdMob, the Wall Street Journal reports. It's still in the early stages and there's no reason for the FTC to hold up the deal, so far. Google tells the Journal it doesn't see any "regulatory concerns with this deal, but closer scrutiny has been one consequence of our success." Read the whole report → More: Online Google Mobile AdMob Advertising Mobile Ads Deals 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 Government Might Interfere With Google's AdMob Acquisition Government Might Interfere With Google's AdMob Acquisition Every big Google purchase is going to be looked over closely. Recommended For You Featured Neil deGrasse Tyson and Al Gore on the future of our planet — and everything else More "Innovators" » My husband and I are business partners who just had our first child — here's how we make it work More "What Matters" » Get Tech Emails & Alerts Sign-Up Learn More » Tech Select Tech Chart Of The Day Business Insider Select 10 Things In Tech You Need To Know Mobile Insights BII Mobile Insights More Featured Business Insider Select Tech Select Tech Chart Of The Day Markets Chart Of The Day 10 Things Before the Opening Bell Instant MBA Business Insider Events BI Intelligence Daily Finance Finance Select Markets Select Monday Scouting Report Your Money Select Financial Advisor Insights Smart Investor CFO Insider Finance Insider Wealth Advisor Select Strategy Strategy Select Advertising Select Retail Select Careers Select 10 Things You Need To Know In Advertising Politics Politics Select Military Select Life Life Select Transportation Select Education Select Entertainment Select Breaking News Tech Enterprise Select Science Select Mobile Chart Of The Day E-Commerce Chart Of The Day Payments Chart Of The Day Digital Media Chart Of The Day IoT Chart of the Day Fintech Briefing Charts of the Day Sports Chart Of The Day Top 10 Things 10 Things In Tech You Need To Know Closing Bell Sports Sports Latest Research Our 25 Top Tech Predictions The Payments Ecosystem Report The Fintech Ecosystem Report The Internet of Things Report Read Business Insider On The Go Available for iPhone, iPad, and Android Find A Job Tech Jobs C-Level Jobs Media Jobs Design Jobs Finance Jobs Sales Jobs See All Jobs » Thanks to our partners * Copyright © 2016 Business Insider Inc. All rights reserved. Registration on or use of this site constitutes acceptance of our Terms of Service and Privacy Policy. Disclaimer Commerce Policy Stock quotes by finanzen.net Made in NYC International Editions: UKDEAUSIDINMYSG	M&A	1	[ { "label": "M&A", "score": 1 } ]
How Facebook's Acquisition Of LiveRail Fits Into The Video Ad Ecosystem http://www.businessinsider.com/heres-how-facebooks-acquisition-of-liverail-fits-into-the-video-advertising-ecosystem-2014-7/comments en-us Tue, 01 Dec 2015 12:51:04 -0500 Tue, 01 Dec 2015 12:51:04 -0500 Mark Hoelzel http://static3.businessinsider.com/assets/images/bilogo-250x36-wide-rev.png Business Insider http://www.businessinsider.com	M&A	1	[ { "label": "M&A", "score": 0.9999998807907104 } ]
Plaid Acquires Identity Verification and Compliance Fintech Cognito 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. Finance Plaid's Cognito deal helps it plan ahead for US open banking Tom Auchterlonie 2022-01-21T15:32:00Z 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 Plaid has acquired Cognito, a fintech that offers identity verification and compliance solutions. Cognito's products position Plaid to weather open banking's trust and regulatory challenges. Insider Intelligence publishes hundreds of research reports, charts, and forecasts on the Banking 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. The news: The open-banking provider Plaid has acquired Cognito, a fintech that offers identity verification and compliance solutions. Insider Intelligence More on this: In a blog post announcing the tie-up, Plaid CEO Zach Perret noted that the companies' customer bases overlap, and cited neobanks Current and Brex as examples.Plaid now has about 5,500 customers, per TechCrunch, which said that the deal will also expand Cognito's reach. The combination is valued at about $250 million, the publication reported.The deal's rationale: Perret, along with Cognito CEO Alain Meier, said the status quo for identity verification and compliance—they mentioned know your customers (KYC) and anti-money laundering (AML)—is too fragmented.Plaid's CEO called it a "patchwork approach [that] often delivers poor user experiences that result in people abandoning the signup process because it takes too long or it is too difficult to provide the required documents and information."The leaders see themselves as solving this problem by joining together to simplify the onboarding process for people who link their bank accounts with outside fintechs.There's also a responsive business case: Perret told TechCrunch that Plaid's customers have asked it about ways to speed up onboarding.Perret views verification as a key piece of Plaid's strategic puzzle, calling it "one of three critical parts of a complete onboarding experience, along with account connection (connecting your bank/financial data to an app) and account funding (moving money into an app), which Plaid provides today."The opportunity: Cognito's products fill a void in Plaid's product lineup and positions it to weather trust and regulatory challenges in open banking's future.Cognito's verification and compliance features may help its fintech customers improve their relationship with US consumers—just 14% of consumers said they trusted fintechs to connect with their bank accounts in a way that's secure, per a recent Mastercard survey. Plaid itself agreed to a $58 million settlement in August 2021 over litigation accusing it of sharing users' data without their consent.There's also a large trust gap in how respondents—measured across North America—feel about fintechs and their own banks: 26% replied that they "strongly trust" fintechs, but 56% gave the same answer for banks. This suggests that open-banking adoption could grow if Plaid's banking customers support Cognito's offerings and integrate them into fintech onboarding.Plaid's deal is well-timed: The Consumer Financial Protection Bureau (CFPB) will eventually wrap up its rulemaking process to enable US consumers to easily move their data from one bank to another. When that happens, Plaid will have a product suite that already does more than simply connect fintechs with bank accounts.Want to read more stories like this one? 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Family Dollar Acquisition Impact - Business Insider Retail BI Intelligence Events Trending Tech Finance Politics Strategy Life Sports Video All × From To You have successfully emailed the post. Dollar Tree Buying Family Dollar Could Be Bad News For Coca-Cola And Clorox Ashley Lutz Jul. 28, 2014, 4:09 PM 30,999 3 facebook linkedin twitter email print Associated Press Dollar Tree announced today that it is buying Family Dollar. Together, the dollar stores will be bigger than current industry leader Dollar General. But the merger could "exert pressures on major food, household goods, and drink suppliers, including Pepsi, Hershey, and Clorox," Brian Sozzi, chief equities strategist at Belus Capital Advisors, writes in an op-ed for CNBC. Proctor & Gamble, Coca-Cola, and Unilever could also be affected, he says. The acquisition means the chain has 13,000 stores, putting Dollar Tree in a great position to negotiate with suppliers on price, Sozzi writes. That could have a domino effect on the industry. If Dollar Tree offers even lower prices, then Wal-Mart will become even more aggressive. Wal-Mart is already more expensive than dollar stores, Sterne Agee analysts wrote earlier this year. Sales at the retailer have fallen for the past five quarters. "Wal-Mart has conceded the 'price leader' crown to Family Dollar," the analysts said. Dollar chains have also stepped up their grocery offerings in recent years, making them an even bigger threat to Wal-Mart. If Wal-Mart decides to become more aggressive on price, then that could cut into profits for big consumer companies who supply the mega-chain. SEE ALSO: 3 Reasons Dollar Stores Are A Huge Threat To Supermarkets Follow Us: On Twitter. More: Retail Dollar Store Dollar Tree 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 Dollar Tree Buying Family Dollar Could Be Bad News For Coca-Cola And Clorox Dollar Tree Buying Family Dollar Could Be Bad News For Coca-Cola And Clorox Dollar Tree announced today that it is buying... 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 Retail Emails & Alerts Sign-Up Learn More » Retail 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	M&A	1	[ { "label": "M&A", "score": 1 } ]
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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 Spotify CEO Daniel Ek. Michael Loccisano/Getty Spotify has announced that it has acquired blockchain startup Mediachain for an undisclosed amount.The New York-based startup raised $1.5 million from venture capitalists Andreesen-Horowitz and Union Square Ventures, according to Crunchbase. The startup was building a distributed database linking original creators and authors to the content they create. It started with photography, partnering with Getty Images and the Museum of Modern Art, and had the goal of expanding into all kinds of media.A blog post announcing the startup's funding round said: "Imagine being able to connect with the artist of a viral GIF you see in your feed, learn the history or origin of any image, or automatically reward a musician whenever you press play."In a press release Spotify said: "The Mediachain team will join our New York City offices and help further Spotify’s journey towards a more fair, transparent and rewarding music industry for creators and rights owners."In a blog post Mediachain explained its team has past experience in the digital music industry. The startup's CTO, Arkadiy Kukarkin, was the first engineering hire at HypeMachine and co-founder Jesse Walden previously ran an artist management firm. Sign up for notifications from Insider! Stay up to date with what you want to know. 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Marissa Mayer Yahoo Acquisition Size - Business Insider Tech BI Intelligence Events Trending Tech Finance Politics Strategy Life Sports Video All × From To You have successfully emailed the post. Marissa Mayer: We Will Buy Companies That Cost Tens Of Millions, Or Low Hundreds Of Millions Jay Yarow Oct. 22, 2012, 5:47 PM 6,420 8 facebook linkedin twitter email print TechCrunchMarissa Mayer confirmed that she's on the prowl for companies to buy during this afternoon's earnings call. Speaking with analysts she said Yahoo would try to acquire companies that cost tens of millions, or low hundred millions. She also said that while people tend to focus on the giant acquisitions, while she was at Google she made 20 small acquisitions. This is what we've been hearing. Mayer is interested in acqui-hires, buying companies for their engineers. The hope is to get fresh blood in the company with new ideas. She won't be big game hunting, looking for billion dollar buys, it seems. <div>Please enable Javascript to watch this video</div> More: Marissa Mayer Yahoo 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 Marissa Mayer: We Will Buy Companies That Cost Tens Of Millions, Or Low Hundreds Of Millions Marissa Mayer: We Will Buy Companies That Cost Tens Of Millions, Or Low Hundreds Of Millions She's not going big game hunting. Recommended For You Featured Neil deGrasse Tyson and Al Gore on the future of our planet — and everything else More "Innovators" » My husband and I are business partners who just had our first child — here's how we make it work More "What Matters" » Get Tech Emails & Alerts Sign-Up Learn More » Tech Select Tech Chart Of The Day Business Insider Select 10 Things In Tech You Need To Know Mobile Insights BII Mobile Insights More Featured Business Insider Select Tech Select Tech Chart Of The Day Markets Chart Of The Day 10 Things Before the Opening Bell Instant MBA Business Insider Events BI Intelligence Daily Finance Finance Select Markets Select Monday Scouting Report Your Money Select Financial Advisor Insights Smart Investor CFO Insider Finance Insider Wealth Advisor Select Strategy Strategy Select Advertising Select Retail Select Careers Select 10 Things You Need To Know In Advertising Politics Politics Select Military Select Life Life Select Transportation Select Education Select Entertainment Select Breaking News Tech Enterprise Select Science Select Mobile Chart Of The Day E-Commerce Chart Of The Day Payments Chart Of The Day Digital Media Chart Of The Day IoT Chart of the Day Fintech Briefing Charts of the Day Sports Chart Of The Day Top 10 Things 10 Things In Tech You Need To Know Closing Bell Sports Sports Latest Research Our 25 Top Tech Predictions The Payments Ecosystem Report The Fintech Ecosystem Report The Internet of Things Report Read Business Insider On The Go Available for iPhone, iPad, and Android Find A Job Tech Jobs C-Level Jobs Media Jobs Design Jobs Finance Jobs Sales Jobs See All Jobs » Thanks to our partners * Copyright © 2016 Business Insider Inc. All rights reserved. Registration on or use of this site constitutes acceptance of our Terms of Service and Privacy Policy. Disclaimer Commerce Policy Stock quotes by finanzen.net Made in NYC International Editions: UKDEAUSIDINMYSG	M&A	0.999999	[ { "label": "M&A", "score": 0.9999991655349731 } ]
Facebook's Investor Call On WhatsApp Acquisition - Business Insider Tech BI Intelligence Events Trending Tech Finance Politics Strategy Life Sports Video All × From To You have successfully emailed the post. Zuckerberg: 'It's The Only App We've Ever Seen With Higher Engagement Than Facebook Itself' Jim Edwards Feb. 19, 2014, 6:40 PM 8,349 2 facebook linkedin twitter email print Julie BortFacebook CEO Mark ZuckerbergFacebook CEO Mark Zuckerberg addressed Wall Street analysts on his $19 billion acquisition today of WhatsApp, the messaging app, and told them he was thinking five or 10 years ahead. No, he said, monetization was not an issue. Facebook isn't even thinking about that right now. And no, Facebook would not run ads on WhatsApp. Analysts asked a few questions about revenues and monetization — and were disappointed. WhatsApp already has a revenue stream (it requires a subscription, eventually) but that is not the point. Rather, the company paid $19 billion — a staggering sum by any reckoning — because it is buying the future of smartphones. There are about 1 billion smartphones in the world right now, Zuckerberg and WhatsApp CEO Jan Koum said, and in five or 10 years there will be 5 billion. Messaging will be the No.1 activity on those phones, the pair believe, just as it is now. "It's the only app we've ever seen with higher engagement than Facebook itself," Zuckerberg said. So Facebook bought the biggest and best messaging company in the world — WhatsApp already has 450 million users and obsessively focuses just on speed and reliability. The stock declined more than 2% after hours on the news. Here are the investor slides in PDF format. Here is how the call went down. Zuckerberg: "The combo of whatsapp and FB will allow us to connect more people around the world ... Facebook is becoming a mobile company ... 945 million use mobile product every month ... WhatsApp fits this vision perfectly ... strengthen both services ... WA has strong engagement and rapid growth ... it doesn't get as much attention in the U.S. as it deserves Only app we've ever seen with higher engagement than FB itself. 1 mm signups per day we believe WA will reach 1 billion in next 5 yrs. Successful subscription model in place already. Simple, fast reliable and a great experience. People use WA as a replacement for SMS. FB messages not used in real time. Part of mission is to deliver basic internet services all over the entire world. WA had every option in the world so I'm thrilled they chose us. Personal note: I've known Jan for a long time. Jan's team has done amazing work over the last 5 yrs. Jan: I'm delighted. ... incredible moment for me and entire team. I want to thank them. Our goal was to build a platform for everyone on every platform on every phone. 19 bn messages a day sent on WA. 16 million photos. FB lets us reach even more people, offers more functionality. I've known Mark for a number of years ... admired ... FB is a model for our company. Gratified we can keep the team together. David Ebersman: Offer will vest over 4 years ... already approved by WA shareholders. Close later in 2014. 450 mm people using service ea month, 70pc active every day. WA will deliver sign returns for shareholders over long term. Q&A: How did deal come about? Zuck: Jan have known each other for a couple of years ... 11 days ago, last Sunday evening, I proposed if we joined together it would really connect the rest of the world. He thought about it and over the course of the week he said he was interested ... then we got the price later in the week and came to terms ... we dec to go forward from there. WA will operate independently. We want to do this the same way did Instagram. This is obviously a bigger scale. ... it really can work. Kevin (Systrom) has gotten a huge amount of value from using the FB infrastructure ... that will be the model here too. ... we're not going to push v much. Ads on WA and monetization: Zuck: Our explicit strategy is for the next several years to focus on growing and connecting everyone in the world and when we get to 2 or 3 billion people one day there are many ways to monetize. The right way to to focus on growing the product. ... WA ... as an independent co would not have been able to focus purely on growth. ... I don't personally think that ads are the right way to monetize messaging. Jan: Adv is not the right way to go. We have a v solid monetization situation in place. Monetization is not going to be a priority for us. He focuses on things in 5 or 10 years from now. ... in 2020, or 2025. ... 5 billion people will have a smartphone and we will have a potential for 5 billion users to give us money ... How is WA subscription plan going? ... What portion of WA users overlap with FB? David: We really don't know. Based on penetration there must be a level of overlap but we don't have analytics or knowledge to quantify that. Can WA be used to leverage FB? Zuck: (No.) Jan and Brian his cofounder ... 50 people at their company have built a product that has almost half a billion people using it after 5 years. No one has done that. (It would be dumb to interfere.) Says he shares strategic thinking with Jan. Any other product extensions for WA? What are the strongest countries for WA over Messenger? Jan: Focused on making product faster better ... not very sexy ... but message speed is our focus ... you will see our product evolve, new features coming in 12 months ... Zuck: Messenger evolved from Facebook chat ... a lot of the messages are not real time like a more informal email ... replies later in the day .. .WA is like SMS ... real time communication ... the world needs both ... continuing to invest in both. What are demos of WA users? David: WA has good penetration across all demos but you are not asked age when you sign up. WA paid v non paid user breakdown? Geographic user-ship of WA v FB? David: We don't have those details to share ... hasn't been a top priority and won't be. ... we don't have data to share on the geo breakdown. Color on $19 bn valuation? Where is WA growth coming from? David: We looked at other networks and their size and scale. ... The service they provide is extremely useful. Messaging is the no1 activity on smartphones. There are 1 billion smartphones out there - it's going to grow up to 5 bn in time ... so this is a valuable service that people are willing to pay for. Regulatory approval: No problems expected. Last Q: Competitive dynamics ... LINE, WeChat, etc. Zuck: Messaging is a very competitive space ... WA is the clear global leader ... in some countries other messaging services are bigger but in most countries WA is clear leader ... these guys excessively focus on simplicity speed and relaibility ... they do not rest until their service is faster than SMS ... that is their technical advantage ... they are obsessing over perfecting messaging. ... that is the right strategy. ... over time people will want to pay for the best one. More: Facebook WhatsApp 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 Zuckerberg: 'It's The Only App We've Ever Seen With Higher Engagement Than Facebook Itself' Zuckerberg: 'It's The Only App We've Ever Seen With Higher Engagement Than Facebook Itself' Facebook CEO Mark Zuckerberg addressed Wall... 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Rovio Acquires Futuremark Games Studio In Its Quest To Become Bigger Than Disney http://www.businessinsider.com/rovio-acquires-futuremark-games-studio-2012-3/comments en-us Wed, 29 Jun 2016 05:31:04 -0400 Wed, 29 Jun 2016 05:31:04 -0400 Dylan Love http://static3.businessinsider.com/assets/images/bilogo-250x36-wide-rev.png Business Insider http://www.businessinsider.com	M&A	1	[ { "label": "M&A", "score": 1 } ]
IBM's New CEO Starts The Year With A Bang, Making Her First Acquisition - Business Insider Enterprise BI Intelligence Events Trending Tech Finance Politics Strategy Life Sports Video All × From To You have successfully emailed the post. IBM's New CEO Starts The Year With A Bang, Making Her First Acquisition Julie Bort Jan. 4, 2012, 12:07 PM 3,805 5 facebook linkedin twitter email print IBM See Also This simple diagram explains why we call it 'cloud computing' Google is giving Google Apps away to more Microsoft Office customers for free Amazon's enormous cloud business grew 64%, ahead of expectations IBM acquired cloud software testing company Green Hat today. This marks the first acquisition for the company's new CEO, Ginni Romett, and the third in the last month. IBM has vowed to spend $20 billion by 2015 shopping for new companies, and with the worldwide economy still slow, it should get a lot for its money ... it is a buyer's market. Terms of today's deal were not disclosed. Green Hat is an interesting buy for IBM. Whenever software developers write a new application they have to test it. Before the cloud, software companies and enterprises would spend big bucks building labs that simulated their environments so they could test their newly written software. These labs are called test and development or testdev. Green Hat is among an army of companies that eliminates this need, allowing a virtual software test bed to be done in the cloud and to be set up in minutes, not weeks. This kind of cloud software testing has been a major reason enterprises use cloud services including Amazon, Google, Red Hat's OpenShift cloud, even IBM's own SmartCloud. (Amazon offers at least a dozen testdev tools from partners.) However, Green Hat will be added to IBM’s software development unit, Rational Software under the direction of Kristof Kloeckner, rather than the SmartCloud unit. It will be added into its software development suit, the IBM Rational Solution for Collaborative Lifecycle Management, giving that tool cloud testdev functions. In this way, developers don't need to go out and search for a cloud to test their new software. Obviously, IBM will also sell it as a separate service for those who desire that. The buy indicates that IBM's new CEO won't be making any radical left-turns in the company's acquisition strategy. All told, IBM has completed six acquisitions in about three months and bought three in December alone: Cúram Software, DemandTec and Emptoris. More: Cloud Computing Big Tech IBM Enterprise Software Developer Apps facebook linkedin twitter email print Recommended For You Comments Comments on this post are now closed. Insiders 0 All Comments 5 Apply To Be An "Insider" » Loading IBM's New CEO Starts The Year With A Bang, Making Her First Acquisition IBM's New CEO Starts The Year With A Bang, Making Her First Acquisition IBM's buying frenzy continues as it picks up cloud software testing company, Green Hat. 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	M&A	0.999998	[ { "label": "M&A", "score": 0.9999978542327881 } ]
Walmart Acquires Adchemy - Business Insider Tech BI Intelligence Events Trending Tech Finance Politics Strategy Life Sports Video All × From To You have successfully emailed the post. × Walmart's Mysterious Adtech Acquisition Has Tongues Wagging Over The Price Jim Edwards May 6, 2014, 4:15 PM 7,203 5 facebook linkedin twitter email print Murthy NukalaAdchemy@WalmartLabs has acquired Adchemy, the slightly mysterious Foster City, Calif., adtech company that specializes in "semantic search," or trying to develop meaningful, implied search results that go beyond the mere keywords punched into Google. Semantic search could be a huge business, but only if it turns out that software is better at predicting what humans want than the keywords they type in. Business Insider profiled Adchemy's unusual history here — CEO Murthy Nukala took the company through six different business models before today's deal. Adchemy was named on BI's hottest adtech startups in 2013. The company is mysterious for four reasons: First, it took $120 million in investor funding over 10 years, a massive sum for an adtech company that was never able to describe its revenues publicly or file for an IPO, the preferred adtech track. Most adtech companies have taken less funding than that over the years, even the ones that filed publicly. Second, the company is virtually unheard of in New York, the capital of adtech. Successful adtech companies tend to have a presence in the city because that's where all the big ad clients' media agencies are. Third, the true size of Adchemy's business is unknown outside the company. Nukala told Business Insider previously that the company was never profitable, and that it had about 30 clients spending a minimum of $200,000 a year. That would imply a revenue base of just $6 million annually. Fourth, a spokesperson for Walmart declined to say how much the company paid for Adchemy. We have yet to hear back from a spokesperson for Adchemy. With $120 million in funding, investors in the company would have been looking for a very large sum in order to get their money back plus a nice profit. The lack of revenue detail and a question mark over the deal value have set tongues wagging in Silicon Valley, especially among former Adchemy employees. Techcrunch said it was mainly a talent acquisition. The Wall Street Journal added that Nukala would not be joining the Walmart team. One source told Business Insider that he had heard an investor saying the preferred stock holders only got 50 cents on the dollar at maximum (meaning that the company sold for less than what its investors plowed in). Antonio Garcia-Martinez, a former Adchemy employee who left to go work at Facebook where he helped create the social network's ad exchange, posted a long rant on his Facebook page. Much of it is personal criticism of Nukala (who sued him when he left the company). But he gave his opinion of the deal, too: The acquisition price is likely embarrassingly low, otherwise it would have been leaked. SEE ALSO: RANKED: The Hottest Pre-IPO Adtech Startups Of 2014 More: Adchemy Advertising Walmart facebook linkedin twitter email print × Recommended For You Powered by Sailthru Comments Comments on this post are now closed. Insiders 0 All Comments 5 Apply To Be An "Insider" » Loading Walmart's Mysterious Adtech Acquisition Has Tongues Wagging Over The Price Walmart's Mysterious Adtech Acquisition Has Tongues Wagging Over The Price @WalmartLabs has acquired Adchemy, the slightly... 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Peloton Acquires Bike Manufacturer, Addresses One of Its Biggest Risks 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 Peloton spent $47.4 million on a company that makes its bikes, tackling one of its biggest risks Mary Hanbury 2019-11-05T13:36:30Z 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 Link icon An image of a chain link. It symobilizes a website link url. Copy Link Download the app Peloton's $2,000 interactive bike. Peloton Peloton released its first set of public quarterly results on Tuesday after the company went public in September.In an accompanying letter to shareholders, Peloton announced that during the quarter it acquired one of its Taiwanese bike manufacturing partners for $47.4 million.This is an important acquisition for Peloton as it had previously said that having limited control over its third-party manufacturing partners is a big risk for the company. Without full control, it is vulnerable to price increases or delays, for example.By bringing this in-house, it will have full control of this.A spokesperson did not immediately respond to Business Insider's request for comment on what percentage of its bikes are produced by this particular manufacturer.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. Peloton filed its first quarterly results on Tuesday after becoming a publicly listed company earlier this year.In an accompanying letter to shareholders, the company outlined some of its biggest announcements during the quarter, including a $47.4 million acquisition of one of its bike manufacturing partners in Taiwan."We are excited to share that in October we completed the acquisition of one of our longtime, Taiwan-based bike manufacturing partners, Tonic Fitness Technology, Inc," Peloton wrote. "We believe that having greater control over our supply chain will enable us to strengthen and scale our production capabilities, increase innovation, and allow us to continue to deliver the highest quality connected fitness products in the market."Tonic, which has partnered with Peloton since 2013, is one of Peloton's two big manufacturing partners (a spokesperson for Peloton did not immediately respond to Business Insider's request for comment on what percentage of its bikes it produces). Therefore, this is an important step toward reducing some of the risks associated with being at the mercy of its third-party manufacturing companies. Peloton has been upfront about these risks in its paperwork recently released for its IPO.Firstly, it said that by having limited control over its suppliers and manufacturers, it means that if something does go wrong – delays, shortages of materials, etc. it's out of its own hands. Moreover, it's more vulnerable to price increases.Secondly, by relying on a limited number of manufacturers (all of whom are based in Taiwan) it is at bigger risk if something does go wrong. It would not only be expensive to find a replacement but it would likely cause big delays, it said. 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: I took a 45-minute Peloton spin class every day and saw surprising results after 2 weeks More: Peloton 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 Acquires, Shuts Down A/B Mobile Testing Service Clutch.io http://www.businessinsider.com/twitter-acquires-shuts-down-ab-mobile-testing-service-clutchio-2012-8/comments en-us Sat, 25 Jun 2016 19:53:01 -0400 Sat, 25 Jun 2016 19:53:01 -0400 Small Business Trends http://static3.businessinsider.com/assets/images/bilogo-250x36-wide-rev.png Business Insider http://www.businessinsider.com	M&A	1	[ { "label": "M&A", "score": 1 } ]
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Close icon Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification. Good Subscriber Account active since Shortcuts Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. Profile Newsletters FAQs Subscription Log out US Markets Loading... H M S In the news Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. HOMEPAGE Subscribe Subscribe Premium Home Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. Enterprise Here are 16 companies experts think Microsoft could acquire including Workday, Twilio, and Crowdstrike Ashley Stewart Updated 2020-12-29T00:15:14Z 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 Satya Nadella and Michael Dell on stage at Dell World 2015. Screenshot/Dell This story is available exclusively to Insider subscribers. Become an Insider and start reading now. Business Insider throughout 2020 asked analysts which companies would make sense as a Microsoft acquisition. Keep in mind, Microsoft's largest acquisition to date was its $26.2 billion LinkedIn deal — and while it appears Microsoft might have been willing to pay more for TikTok, multibillion-dollar deals still are pretty uncommon for the company. Visit Business Insider's homepage for more stories. 2020 was a big year for Microsoft acquisitions, even the ones it didn't make. The company notably lost a bid to acquire TikTok's US operations but soon after made the surprise acquisition of ZeniMax Media – the company behind hit video game franchises like "Fallout" and "The Elder Scrolls" – for $7.5 billion.Business Insider throughout the year analysts say Microsoft could try to buy, based on which buys could bolster key Microsoft businesses such as its Microsoft 365 suite of business software applications, Azure cloud computing business, or Dynamics customer relationship management software.It's worth noting most of the companies on the list cost significantly more than Microsoft has ever paid to acquire any company. Microsoft's largest acquisition to date was its LinkedIn deal, worth $26.2 billion.Morningstar analyst Dan Romanoff, for example, named big companies like Twilio and Docusign as potential targets, for example, but said he generally expects Microsoft to stick mostly to smaller deals."I would really expect [Microsoft] to continue to do deals at $1 [billion] or less that generally won't mean much to casual observers," he said in August, "but will serve to add important functionality to one of its existing product areas."Futurum Research analyst Daniel Newman named acquisition targets as big as $205 billion Salesforce and said, "All of these acquisitions, to me, make a lot more sense than chasing TikTok."Here are 16 companies experts say Microsoft could acquire: Mmhmm Mmhmm founder Phil Libin. Eric Piermont / Getty Valuation: $107.35 million, according to PitchBookMmhmm is building an app intended to allow people to virtually share their screen in a video call and remain in the picture at the same time, as Business Insider's Katie Canales reports, and was founded by by ex-Evernote CEO Phil Libin.The company is still very young and in October raised a $31 million round of financing led by Sequoia Capital.Creative Strategies analyst Carolina Milanesi told Business Insider in August she thinks Mmhmm could be a good acquisition target for Microsoft to build out its popular Teams workplace chat app and "help with the huge number of kids who like to do videos while playing Minecraft." LoopUp LoopUp co-CEO Steve Flavell. YouTube screenshot Market cap at the time of this writing: Nearly $60 million (trades on the London Stock Exchange)LoopUp offers a subscription-based conference and remote meeting service. Raul Castanon-Martinez, a S&P Global Market Intelligence analyst, told Business Insider in September that the London-based company could help Microsoft bolster its Teams communications app."Microsoft has been on the offensive in the past few years looking to counter the challenge from emerging [software as a service] providers such as Slack and Zoom that have disrupted the communications and collaboration space," Castanon-Martinez said at the time. "A key area that could support this strategy is to expand the telephony capabilities in Teams."LoopUp recently launched a Microsoft Teams integration, and Castanon-Martinez said Microsoft could acquire the company to compete against key industry players like Cisco and RingCentral.Castanon-Martinez also said Microsoft might follow up recent telecom acquisitions, such as Metaswitch Networks and 5G startup Affirmed Networks, with another acquisition in the space, Raul Castanon-Martinez, a S&P Global Market Intelligence analyst.Potential candidates, he said, include "communication platform as a service companies" like France-based Wazo, New York-based Voximplant and London-based Infobip. Superhuman Rahul Vohra, Superhuman co-founder and CEO. Superhuman Valuation: $260 million as of June 2019, per PitchBookSuperhuman builds an app intended to help users empty their inboxes in what it bills as "the fastest email experience ever made." Unlike most other email apps, it's not free — rather, it requires a $30/month subscription to use. In return, users get access to all kinds of email decluttering tools, including a conversational view that makes email look like a text message, as well as powerful keyboard shortcuts.Creative Strategies analyst Carolina Milanesi in August said Superhuman could help Microsoft "modernize" its Outlook email app. Automation Anywhere Mihir Shukla, CEO of Automation Anywhere Automation Anywhere Valuation: $6.8 billion, according to PitchBookRobotic process automation — which helps companies automate repetitive tasks like data entry — is a fast-growing market, and it's a type of acquisition Futurum Research analyst Daniel Newman could be in the cards for Microsoft.Automation Anywhere could be a likely candidate for a Microsoft acquisition "due to market momentum and pre-IPO nature," he said in September. Its leading competitors include startup UiPath, as well as Microsoft itself. Dropbox Dropbox CEO Drew Houston. Drew Angerer / Getty Market cap at the time of this writing: $9.76 billionDropbox builds a popular cloud-based file storage service. Microsoft already has a similar service with its OneDrive – but it wouldn't necessarily be acquiring Dropbox for its features."With over 500 million users, Dropbox doesn't necessarily add volumes to its current OneDrive capabilities, but it brings an enormous loyal user base and its revenues with it," Futurum Research analyst Daniel Newman said in September. UiPath UiPath Daniel Dines Comparably Valuation: $10.2 billion, according to PitchBookUiPath builds helps businesses automate common and routine tasks through robotic process automation technology, competing with the likes of Automation Anywhere and Microsoft itself.The startup this month confidentially filed paperwork to go public. Newman said UiPath is among the most likely potential RPA acquisitions for Microsoft. Crowdstrike Crowdstrike CEO George Kurtz. CrowdStrike Market cap at the time of this writing: $47 billionMicrosoft could buy cybersecurity company Crowdstrike, RBC Capital Markets said in its 2020 software outlook report, and combine the company's products with its own to provide security to customers of all sizes, from small businesses to large enterprises.RBC in the report published in January said Microsoft could sell the combined security product on its own or as a bundle through the company's Office 365 cloud-based suite of productivity tools. Microsoft's security spending, RBC noted back then, has reached $1 billion annually.RBC analyst Alex Zukin confirmed the firm still believes Crowdstrike is a potential Microsoft acquisition target as of August. "Generally we think the company remains a very keen and opportunistic acquirer of very high quality assets at compelling price points," he told Business Insider.Microsoft, for its part, has recently taken big steps to renew its push into the cybersecurity market, positioning itself to take advantage of the boom in remote work by helping to provide tools to help secure and manage a distributed workforce. Twilio Twilio CEO Jeff Lawson. John Phillips/Getty Images Market cap at the time of this writing: $57 billionTwilio builds a cloud communications platform intended help developers write apps that can send text messages and make phone calls."Twilio makes a lot of sense because it is broad based with a seemingly endless array of use cases," Morningstar analyst Dan Romanoff told Business Insider in August.Microsoft could add "name brand" acquisition targets such as Twilio, Romanoff said, to its Microsoft 365 suite of business software applications, Azure cloud computing business, or Dynamics customer relationship management software.But with Twilio valued so richly at about $37 billion, Microsoft would likely have to pay a hefty price for Twilio. "It's hard to imagine MSFT doing a deal that big," Romanoff said.Twilio has been a favorite among analysts' potential Microsoft picks. RBC Capital Markets in a report earlier this year said that Twilio would be a good buy for Microsoft in order to embed Twilio's voice, messaging and email communication into Microsoft's consumer and business applications — and bring along the more than 7 million developers who use Twilio.Piper Sandler said around the same time Microsoft could acquire Twilio could enhance Microsoft Azure's developer ecosystem. Piper Sandler did not respond to a request about whether their view of a potential Twilio acquisition has changed since January. DocuSign Docusign CEO Daniel Springer DocuSign Market cap at the time of this writing: $42.76 billion.DocuSign helps companies sign and manage agreements electronically.It's one of the companies Morningstar analyst Dan Romanoff says Microsoft could acquire and add to existing businesses such as Microsoft 365 suite of business software applications, Azure cloud computing business, or Dynamics customer relationship management software."DocuSign makes some sense also given the greenfield opportunity and DocuSign's broad appeal," Romanoff told Business Insider in August.But the price to acquire DocuSign would be steep and likely more than Microsoft wants to spend on acquisition of this kind. Romanoff expects Microsoft will mostly do deals for less than $1 billion. Workday Workday CEO Aneel Bhusri. Kevin Moloney/Fortune Brainstorm Tech Market cap at the time of this writing: $58 billionWorkday's human resources and financial management platform is used by 50 percent of Fortune 500 companies, according to RBC Capital Markets 2020 software outlook report.Buying Workday would "provide [Microsoft] entry into what we believe is going to be the most durable cloud growth market outside of the public cloud," which it said is cloud enterprise resource planning. Analysts at Piper Sandler agreed earlier this year that Workday could be a potential acquisition market as Microsoft only has less than 5% of the so-called "human capital management" market that Workday is in.RBC analyst Alex Zukin confirmed the firm still believes Workday is a potential Microsoft acquisition target as of August, but Piper Sandler did not respond to a request about whether its analysts still see the potential for a deal happening between the companies.Futurum Research analyst Daniel Newman also believes Workday is a good target for Microsoft."I see cloud [enterprise resource planning] and [human capital management] continuing to heat up and Workday would come with an inspired list of customers and recurring revenues," he said in September. AutoDesk Autodesk CEO Andrew Anagnost Autodesk Market cap at the time of this writing: $65.89 billionAutoDesk sells software to industries including construction and engineering, and Microsoft has been making a big push to target specific industries with its products."With eyes on upleveling its productivity and extended reality solutions, I think Autodesk could be an interesting play for Microsoft," Futurum Research analyst Daniel Newman said in September. VMware VMware CEO Pat Gelsinger Horacio Villalobos-Corbis/Getty Images Market cap at the time of this writing: $59.57 billionDell is considering "a potential spin-off of its 81% ownership" of VMware, the software giant it bought in 2015 through a merger with EMC.Futurum Research analyst Dan Newman in September said Microsoft could consider swooping in and acquiring VMware."With hybrid cloud being hot and VMware being one of the most utilized software suites to bridge on-prem and cloud, this could be a game changer for Azure and its hybrid cloud ambitions," Newman told Business Insider.VMware could be valued as much as $100 billion in a potential acquisition, Newman said, so "there won't be a lot of suitors." The future of VMware is a hot topic, with Business Insider's Ben Pimentel reporting that it could be a good fit for Amazon, IBM, Oracle, or Google, too. Salesforce Marc Benioff is the CEO of Salesforce. Justin Sullivan/Getty Images Market cap at the time of this writing: $205.55 billion"On the most ambitious end of the spectrum, Microsoft could acquire Salesforce," Futurum Research analyst Daniel Newman said in September. "However, I believe their momentum in the overlapping spaces may have given the company confidence to make a run on their own."Salesforce is continually brought up as a potential Microsoft acquisition target, but it's one that seems unlikely, given Salesforce's size. Microsoft's largest acquisition to date was $26.2 billion, for which it bought LinkedIn.It could be an even more attractive buy for Microsoft after Salesforce acquired popular corporate workplace chat app Slack, a big competitor to Microsoft's own chat app Teams.Piper Sandler analyst Brent Bracelin earlier this year said Salesforce would be an attractive acquisition because Microsoft had a small market share of front-office applications — the market term for software that helps salespeople and service reps keep track of their customers, which is an area where Salesforce specializes. Such a deal "would elevate Microsoft as the software-as-a-service alternative to Oracle, IBM, SAP and [Amazon Web Services]," Bracelin wrote in the note. The deal, however, has a "low likelihood given sheer size of potential deal and willingness to sell," Bracelin said.In other words: As much as a deal might make sense on paper, don't hold your breath. Was this article valuable for you? 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Apple Acquired Finnish Company Indoor.io to Help It Map Indoor Spaces 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 Apple secretly acquired a Finnish company to help it map indoor spaces Sam Shead 2016-12-01T12:59:02Z 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 Apple CEO Tim Cook waves after meeting with Japan's Prime Minister Shinzo Abe at Abe's official residence in Tokyo, Japan, October 14, 2016. REUTERS/Toru Hanai Apple quietly acquired a Finnish company called Indoor.io to help it map indoor spaces, Bloomberg reports.The Cupertino-headquartered company reportedly made the acquisition to improve its mapping service and ensure that it stays up to speed with Google. The value of the acquisition is unknown.A Bloomberg source said Apple wants people to use iPhones to navigate airports, and other buildings that have a high footfall, like museums.Apple purchased Indoor.io to help it bring its indoor mapping project to market, according to Bloomberg.Apple confirmed the acquisition with Bloomberg but did not immediately respond to Business Insider's request for comment. In 2013, Apple purchased another startup focusing on indoor navigation called WiFi Slam. The Bloomberg report also states that Apple wants to use drones to capture and update map data, according to a Bloomberg source cited in the same report. Drones would potentially allow Apple to capture information quicker than its existing fleet of camera-equipped mini vans.Other US tech giants are also looking at novel ways to use drones across their businesses, with much of the work taking place in the UK. Amazon, for example, is testing delivery drones at a field in Cambridge, while Facebook wants to use drones built by a Bristol-based company to beam internet signals around the world. Sign up for notifications from Insider! Stay up to date with what you want to know. Subscribe to push notifications Read the original article on Business Insider UK. Copyright 2016. Follow Business Insider UK on Twitter. Deal icon An icon in the shape of a lightning bolt. 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More Charts Show That Anyone Who Thinks We're In A Tech Bubble Is Crazy - 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. More Charts Show That Anyone Who Thinks We're In A Tech Bubble Is Crazy Pascal-Emmanuel Gobry Jul. 8, 2011, 9:42 AM 1,004 2 facebook linkedin twitter email print New York investment bank Peachtree Capital Advisors just published their mid-year tech M&A review, and it's interesting to see what's going on with regard to the tech bubble we're supposedly in. Two charts in particular caught our attention. The first is valuations in the technology sector. Note this includes IT services firm etc., not just internet--but still, tech. Peachtree Capital Advisors Wow. EBITDA multiples slightly over 15. Revenue multiples that don't break 5. Crazytown! For the record, back in 1999, Cisco was valued at 30X revenue. The second chart concerns internet acquisitions in the past semester: Peachtree Capital Advisors Again, doesn't seem very bubblicious. The average multiple is a very reasonable (low, even, for internet) 4.3X revenue. Only one company even approaches a 10X valuation, and Peachtree's report says the acquirer paid a premium because the company it was buying was disrupting it. It's mind boggling how people can say we're in a bubble with these kinds of numbers. Sure, some tech valuations are high, and maybe too high. But by definition a bubble affects every asset in a category, not just a few. Otherwise, it's not a bubble. Don't Miss: Why Twitter Is Worth More Than $7 Billion → More: Technology Mergers And Acquisitions Mergers/Buyouts 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 More Charts Show That Anyone Who Thinks We're In A Tech Bubble Is Crazy More Charts Show That Anyone Who Thinks We're In A Tech Bubble Is Crazy Move along, folks. Recommended For You Featured How data is saving the retail industry More "Digital Business Decoded" » 3 types of insurance that can protect your family for years to come More "World 2.0" » Get Tech Emails & Alerts Sign-Up Learn More » Tech Select Tech Chart Of The Day Business Insider Select 10 Things In Tech You Need To Know Mobile Insights BII Mobile Insights More Featured Business Insider Select Tech Select Tech Chart Of The Day Markets Chart Of The Day 10 Things Before the Opening Bell Instant MBA Business Insider Events BI Intelligence Daily Finance Finance Select Markets Select Monday Scouting Report Your Money Select Financial Advisor Insights Smart Investor CFO Insider Prime Finance Strategy Strategy Select Advertising Select Retail Select Careers Select null Politics Politics Select Military Select Life Life Select Transportation Select Education Select Entertainment Select null Tech Enterprise Select Science Select Mobile Chart Of The Day E-Commerce Chart Of The Day Payments Chart Of The Day Digital Media Chart Of The Day IoT Chart of the Day Charts of the Day Sports Chart Of The Day Top 10 Things 10 Things In Tech You Need To Know Closing Bell Sports Sports Latest Deals The Trendsetter Gift Guide Holiday Central Latest Research FREE: Mobile Payments - Everything You Need to Know The Messaging App Report The Internet of Things 2015 Report The Digital Disruption of Retail Banking Read Business Insider On The Go Available for iPhone, iPad, and Android Find A Job Tech Jobs C-Level Jobs Media Jobs Design Jobs Finance Jobs Sales Jobs See All Jobs » Thanks to our partners * Copyright © 2015 Business Insider Inc. All rights reserved. Registration on or use of this site constitutes acceptance of our Terms of Service and Privacy Policy. Disclaimer Commerce Policy Powered by MongoDB Stock quotes by finanzen.net Made in NYC International Editions: UKDEAUSIDINMYSG	M&A	0.999993	[ { "label": "M&A", "score": 0.9999933242797852 } ]
Another Big Exit For NY Startups: SinglePlatform Gets Acquired For $100 Million By Constant Contact - Business Insider Tech BI Intelligence Events Trending Tech Finance Politics Strategy Life Sports Video All × From To You have successfully emailed the post. Another Big Exit For NY Startups: SinglePlatform Gets Acquired For $100 Million By Constant Contact Alyson Shontell Jun. 13, 2012, 7:54 AM 29,090 5 facebook linkedin twitter email print Scott Britton via TwitterSinglePlatform employees are celebrating in the office right now.SinglePlatform has been acquired for $100 million by small business marketing tools company, Constant Contact. Constant Contact has over 500,000 paying small business customers and 1,060 employees. SinglePlatform helps local businesses get their menu items and storefronts online. It has more than 10,000 customers paying $495 per year. The deal is $65 million in cash; another $10-30 million is tied to revenue goals over the next two years. SinglePlatform will be keeping its name and service and it will continue to operate out of its NYC office in Battery Park. Its founder and CEO, Wiley Cerilli, is now a Vice President at Constant Contact and will report to Constant Contact's CEO, Gail Goodman. Every SinglePlatform employee, more than 60 people, is receiving cash and stock as part of the acquisition. About $5 million in cash and stock is being used for employee retention. All of SinglePlatform's employees will join Constant Contact's team. "We had been approached by a number of companies who wanted to acquire us," Cerilli tells us. "But we poured our heart and soul into building out the team and we really wanted to find a partner who would help us do the right thing for everyone here." Cerilli and Joel Hughes, Constant Contact's Senior VP of Strategic Corporate Development, tell us the acquisition talks have been underway for two months. The companies were connected by SinglePlatform's rockstar business development executive, Kenny Herman. Herman ended his honeymoon early so he could be back for the acquisition announcement this morning. "We had some knowledge of each other prior, but about two months ago we got serious about exploring a deeper relationship," Hughes explains. "The relationship has grown quite rapidly. We're thrilled and we think SinglePlatform can really help our small business clients, who are always looking for opportunities to reach beyond their current customer bases." SinglePlatform was founded by Cerilli in 2010 and it has only raised about $5 million in venture capital. The exit is a huge win for Cerilli and his investors, First Round Capital, RRE Ventures, New World Ventures, Gunderson Dettmer, DFJ Gotham and Seamless founder Jason Finger. SinglePlatform was very close to finishing a Series B round of financing for about $15 million when the acquisition opportunity struck. No new money was raised though, says Cerilli. "I think it's a natural point for a business that, when you're raising, acquirers come along. We've been hockey stick growth for a while but we're rendering into a new phase, and this acquisition is the best move overall for the people at SinglePlatform," he says. "We can make a bigger impact on small businesses with Constant Contact." Prior to founding SinglePlatform, Cerilli was an early employee at online food ordering company, SeamlessWeb. We asked Cerilli what it feels like to sell your company for $100 million. He replied, "It's such a surreal experience to have started the business and have this team form the way it has. I just feel super fortunate. It's a dream come true. This partnership is going to help millions of small businesses. It's crazy, I'm trying to breathe in these moments." The office is currently celebrating with a lot of hugs and a lot of tears -- all of them happy, says Cerilli. Cerilli sent out a message to employees and close friends this morning. In it he said: "In my last company wide email I referenced part of Sheryl Sandberg's speech that she recently gave at the HBS graduation. During the speech, she described her hesitations in accepting a job offer with Google, which vanished when Eric Schmidt, the company's former CEO, told her, 'Don't be an idiot. Get on a rocket ship. When companies are growing quickly and they are having a lot of impact, careers take care of themselves. If you are offered a seat on a rocket ship, don't ask what seat, just get on.' Well, SinglePlatform has been offered a front row seat on a larger and faster rocket ship, and we have decided to jump on board." Here are some pictures of SinglePlatform's office today, in celebration mode: Kenny Herman/SinglePlatformSinglePlatform executives (CEO and founder Wiley Cerilli is on the far right). Kenny Herman/SinglePlatformCerilli addressing the team about the acquisition. Kenny Herman/SinglePlatform More: SinglePlatform facebook linkedin twitter email print Recommended For You Comments Comments on this post are now closed. Insiders 0 All Comments 5 Apply To Be An "Insider" » Loading The Bleachers Show Comments THATS A FAILURE -- SELLING FOR JUST $100 M -- THATS A FUNDING ROUND on Jun 13, 12:55 PM said: FAIL ! DUMPED on Jun 13, 2:47 PM said: WHY DID THEY DUMP THE COMPANY IF IT WAS DOING WELL? I GUESS NO EXITS FOR THE EMPLOYEES NOT MUCH MONEY THERE Another Big Exit For NY Startups: SinglePlatform Gets Acquired For $100 Million By Constant Contact Another Big Exit For NY Startups: SinglePlatform Gets Acquired For $100 Million By Constant Contact We spoke with founder and CEO Wiley Cerilli. "It's such a surreal experience. I'm trying to breathe in these moments." 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MICROSOFT ACQUIRES YAMMER FOR $1.2 BILLION http://www.businessinsider.com/microsoft-acquires-yammer-for-12-billion-2012-6/comments en-us Wed, 31 Dec 1969 19:00:00 -0500 Tue, 03 May 2016 07:04:04 -0400 Matt Lynley http://www.businessinsider.com/c/4fe94a2ceab8eabd7f000012 N Tue, 26 Jun 2012 01:35:40 -0400 http://www.businessinsider.com/c/4fe94a2ceab8eabd7f000012 I'm no fuddy duddy when it comes to new technology but we tried Yammer and within a day went running back to iChat. It was so much slower. With iChat, you type your message and press Return. You don't need to use your mouse. I similarly don't understand Chatter, which also requires a lot of work to send a message. Ditto for CampFire. Whatever. http://www.businessinsider.com/c/4fe8f4b669beddd62f000011 Olternaut Mon, 25 Jun 2012 19:31:02 -0400 http://www.businessinsider.com/c/4fe8f4b669beddd62f000011 Oh I see. yawns http://www.businessinsider.com/c/4fe8f27e6bb3f74a42000007 sorval Mon, 25 Jun 2012 19:21:34 -0400 http://www.businessinsider.com/c/4fe8f27e6bb3f74a42000007 I think because yammer is such a terrible joke, its supposed to make you gag. If you didnt gag, you have't used yammer. http://www.businessinsider.com/c/4fe8c32969bedd7533000009 Analyst Wannabe Mon, 25 Jun 2012 15:59:37 -0400 http://www.businessinsider.com/c/4fe8c32969bedd7533000009 Um. I think. Um. That's about 0.2 Billion to much? The going rate is $1B for little social outfits. Gosh. smh. http://www.businessinsider.com/c/4fe8b95c6bb3f76553000011 Newt from the Moon Mon, 25 Jun 2012 15:17:48 -0400 http://www.businessinsider.com/c/4fe8b95c6bb3f76553000011 I think you are on a bit of a limb if you are suggesting that Instagram and Yammer represent innovation. http://www.businessinsider.com/c/4fe8b8196bb3f79155000001 Grathan Mon, 25 Jun 2012 15:12:25 -0400 http://www.businessinsider.com/c/4fe8b8196bb3f79155000001 The stock market was setup to get money to businesses to innovate. It is currently doing the opposite with Facebook, Google, and Microsoft buying any company that resembles innovation. http://www.businessinsider.com/c/4fe8b3c4ecad048b22000005 Newt from the Moon Mon, 25 Jun 2012 14:53:56 -0400 http://www.businessinsider.com/c/4fe8b3c4ecad048b22000005 How in the world can this company sell for more than 2x its already hyper-inflated VC valuation? Would love to see user engagement numbers. Guessing that is has less than 30% user penetration with employees at companies that license this thing. http://www.businessinsider.com/c/4fe8b291eab8eaf02700000f michael3028 Mon, 25 Jun 2012 14:48:49 -0400 http://www.businessinsider.com/c/4fe8b291eab8eaf02700000f Once again, this reeks of desperation by MS. Yammer is destined to become just another product in a large portfolio; where nobody knows how to put the pieces together. http://www.businessinsider.com/c/4fe8b1a8ecad04321e000007 Newt from the Moon Mon, 25 Jun 2012 14:44:56 -0400 http://www.businessinsider.com/c/4fe8b1a8ecad04321e000007 Microsoft is going after HP and Salesforce. See Yammer, Skype and their new tablet. They want to be an enterprise company. Smart move since large monolithic enterprises tend to move slow, waste money and not care about software constantly freezing. http://www.businessinsider.com/c/4fe8b0f569bedd5b02000005 kasualobsvr Mon, 25 Jun 2012 14:41:57 -0400 http://www.businessinsider.com/c/4fe8b0f569bedd5b02000005 Ok, can we officially call it a bubble now? I work at a company with 800 or so people that "uses" Yammer. Every time I remember to actually check it to see what's there, it's the same 5-10 people talking amongst each other. I don't see any benefit to the company whatsoever. And this is worth a billion dollars? http://www.businessinsider.com/c/4fe8ae15ecad049515000015 neoFight Mon, 25 Jun 2012 14:29:41 -0400 http://www.businessinsider.com/c/4fe8ae15ecad049515000015 (Steve Ballmer) "Ok, now if we can just change the name to some more Microsofty.... How about, 'Microsoft Office Enterprise Messenger 2012"??!! YEAH!! Acquisitions! Acquisitions! Acquisitions!" http://www.businessinsider.com/c/4fe8adbb69bedda07800000b Evan Benz Mon, 25 Jun 2012 14:28:11 -0400 http://www.businessinsider.com/c/4fe8adbb69bedda07800000b 1.2 billion in cash ??? That's about as dumb as the guy who paid off his student loan with pennies. http://www.businessinsider.com/c/4fe8abc6ecad043a11000008 Olternaut Mon, 25 Jun 2012 14:19:50 -0400 http://www.businessinsider.com/c/4fe8abc6ecad043a11000008 Wait, why is this exciting news again? http://www.businessinsider.com/c/4fe8aaf86bb3f7c03b00000a Schmidt Mon, 25 Jun 2012 14:16:24 -0400 http://www.businessinsider.com/c/4fe8aaf86bb3f7c03b00000a From Yammer's privacy statement: "We don’t share your private information with advertisers. This includes your email address and the email addresses of others in your Network." Well, they sell your data to advertisers. If they didn't, it would say 'we don't share ANY information with advertisers'. Your company is not private if you use Yammer etc. You act irresponsible to let your workers access external networks and let them use it to exchange confidential information. Crazy, some people never get it.	M&A	0.999955	[ { "label": "M&A", "score": 0.9999545812606812 } ]
Here's What The Girlfriend Of Summly's 17-Year-Old Founder Thinks Of His $30 Million Acquisition http://www.businessinsider.com/summlys-17-year-old-founder-has-a-girlfriend-and-heres-what-she-thinks-of-his-30-million-acquisition-2013-3/comments en-us Wed, 31 Dec 1969 19:00:00 -0500 Tue, 01 Dec 2015 18:33:00 -0500 Alyson Shontell http://www.businessinsider.com/c/5151f2edecad04720a000015 correction Tue, 26 Mar 2013 15:11:41 -0400 http://www.businessinsider.com/c/5151f2edecad04720a000015 You mean "she found him before he sold it". http://www.businessinsider.com/c/5151e15aecad04c06700000b Erik Tue, 26 Mar 2013 13:56:42 -0400 http://www.businessinsider.com/c/5151e15aecad04c06700000b A whole article for "very excited." Wow BI. Wow. http://www.businessinsider.com/c/5151c9596bb3f7ec30000003 Girlfriend News Tue, 26 Mar 2013 12:14:17 -0400 http://www.businessinsider.com/c/5151c9596bb3f7ec30000003 - Is this the feminine or the feminist's take on news? The media-fabricated-genius' girlfriend take: "I'm very excited", but since I don't know what I think nor do I have something else to say I'll just leave it at that profoundly insightful statement. - The kid program may be fine, but how much do you think it would cost, plus the chance of failure, to even try to patent his program the way his patent attorney MOM did for him? Just do it! He says. Yeah, right on. Yahoo didn't really buy the software, but the unique patent protecting the kid's software. http://www.businessinsider.com/c/5151c49969bedd587e00000d Woods Tue, 26 Mar 2013 11:54:01 -0400 http://www.businessinsider.com/c/5151c49969bedd587e00000d She is saying : Yes, I love you! She is thinking: JACKPOT! http://www.businessinsider.com/c/5151bbd16bb3f7e717000002 huh? Tue, 26 Mar 2013 11:16:33 -0400 http://www.businessinsider.com/c/5151bbd16bb3f7e717000002 So a guy is dating a chick who gets her dreams fulfilled by dating a guy who is now rich. WTF> Que Amazing story for BI. ps. I ONLY clicked to see a pic of how hot she is..(not even that)....this article is seriously pathetic. http://www.businessinsider.com/c/5151b321ecad04f00d000008 Stevex Tue, 26 Mar 2013 10:39:29 -0400 http://www.businessinsider.com/c/5151b321ecad04f00d000008 I wish my mum was a patent lawyer who would patent this for free for me..and live in a posh part of London. lol http://www.businessinsider.com/c/5151aedfecad04c304000012 the good news Tue, 26 Mar 2013 10:21:19 -0400 http://www.businessinsider.com/c/5151aedfecad04c304000012 at least he found her before he sold it	M&A	0.999872	[ { "label": "M&A", "score": 0.9998722076416016 } ]
Marvell Technology to Buy Rival Chipmaker Cavium for $6 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 France India Japan México Netherlands Polska South Africa Get the Insider App Click here to learn more A leading-edge research firm focused on digital transformation. See our Research Facebook Icon The letter F. Twitter icon A stylized bird with an open mouth, tweeting. LinkedIn icon The word "in". YouTube icon A play button in the shape of a television screen. Instagram icon A stylized camera. * Copyright © 2021. All rights reserved. Registration on or use of this site constitutes acceptance of our Terms of Service , Privacy Policy and Cookies Policy. Sitemap Disclaimer Accessibility Commerce Policy CA Privacy Rights Coupons Made in NYC Jobs Stock quotes by finanzen.net Reprints & Permissions Insider logo The word "Insider". Close icon Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification. Good Subscriber Account active since Shortcuts Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. Profile Newsletters FAQs Subscription Log out US Markets Loading... H M S In the news Close icon Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification. Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. HOMEPAGE Subscribe Subscribe Home Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. Markets Marvell Technology will buy rival chipmaker Cavium for $6 billion Joe Ciolli 2017-11-20T12:52:47Z 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 Koichi Kamoshida/Getty Images Marvell Technology has agreed to buy its rival Cavium for $40 a share in cash and 2.1757 Marvell common shares for each unit of Cavium stock in a deal worth about $6 billion.Cavium shareholders will own about 25% of the combined company.Marvell Technology has agreed to buy Cavium for about $6 billion as it tries to expand beyond semiconductors that control hard disk drives. Marvell will pay Cavium shareholders $40 in cash and 2.1757 Marvell common shares for each unit of Cavium stock, according to a release. This represents a total deal value of roughly $6 billion, and Cavium shareholders will own about 25% of the combined company."This is an exciting combination of two very complementary companies that together equal more than the sum of their parts," Marvell's president and CEO, Matt Murphy, said in the release. "This combination expands and diversifies our revenue base and end markets, and enables us to deliver a broader set of differentiated solutions to our customers."Cavium's stock soared 7.4% in premarket trading on the news, while Marvell shares climbed 1%.The deal is part of Marvell's attempt to revamp its business after a scandal that led to the removal of its founders under pressure from Starboard Value, an activist investor. The acquisition is just the latest sign of consolidation in the semiconductor industry. Earlier this month, Broadcom offered to purchase Qualcomm for more than $100 billion in what would be the biggest tech deal of all time. 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Romney's Goal For The Companies Bain Acquired: 'Harvest Them At Significant Profit' http://www.businessinsider.com/romneys-goal-for-the-companies-bain-acquired-2012-9/comments en-us Wed, 31 Dec 1969 19:00:00 -0500 Fri, 06 May 2016 20:43:59 -0400 Robert Reich http://www.businessinsider.com/c/5069d636ecad04040e000001 Stevex Mon, 01 Oct 2012 13:43:18 -0400 http://www.businessinsider.com/c/5069d636ecad04040e000001 Success hating liberal media at it's finest! Bain, along with any other PE/VC firm isn't there to give away money and help people out. It's there to make money, like EVERY OTHER BUSINESS ENTITY. If you libtards hate PE so much, start your own company, then tell all the PE / VC firms to buzz off if they come knocking. http://www.businessinsider.com/c/506973a56bb3f77f2a000003 Julie Mack Mon, 01 Oct 2012 06:42:45 -0400 http://www.businessinsider.com/c/506973a56bb3f77f2a000003 It's like the Post Office who was doing Great until GOP Congress decided to slap it with a bill which requires the P.O. to Pre-fund employee pensions up to 75 years, which costs them 5 Billion a year! No reasonable company ever has been required to prefund 75 years of pension benefits for employees. This little rouse is to bankrupt Post Office so mail can be turned over to Corporations for Profit; break Unions & give them talking points about the ineffieciency & ineffectivness of Government! http://www.businessinsider.com/c/50666ddaeab8ea952c000040 JackTripper Fri, 28 Sep 2012 23:41:14 -0400 http://www.businessinsider.com/c/50666ddaeab8ea952c000040 I wonder how many times has Reich driven down 35 miles south from UCB into Silicon Valley. At one time it was only farm land later to be transformed into 100s of public companies and 1000s of start ups. Intel, Memorx, Ampex, National Semi, Sun Micro, Tandem, Cisco, and 1000s of others over the decades leading to jobs. How many other states and countries want to create such a success story like Silicon Valley? For every start up there was a VC willing to take a chance. Perhaps Reich would say something about the other pro-Obama VCs like Seqoia Capital or John Doerr. We should be thankful and encourage Bain and other VCs to make such investments and create jobs .. not demonize and punish them. If Reich cant even begin to understand the transformation in economic and job growth which started with VC funding from the top 1%, we need to get BOTH Reich and Obama into the unemployed lines. Neither one belongs in Government or on College campus. Good god Mr. Reich are you insane ? http://www.businessinsider.com/c/50666c4169bedd4535000026 JackTripper Fri, 28 Sep 2012 23:34:25 -0400 http://www.businessinsider.com/c/50666c4169bedd4535000026 I wonder how many times has Reich driven down 35 miles south from UCB into Silicon Valley. At one time it was only farm land later to be transformed into 100s of public companies and 1000s of start ups. Intel, Memorx, Ampex, National Semi, Sun Micro, Tandem, Cisco, and 1000s of others over the decades leading to jobs. How many other states and countries want to create such a success story like Silicon Valley? For every start up there was a VC willing to take a chance. Perhaps Reich would say something about the other pro-Obama VCs like Seqoia Capital or John Doerr. We should be thankful and encourage Bain to make such investments and create jobs .. not demonize and punish them. If Reich cant even begin to understand the transformation in economic and job growth which started with VC funding from the top 1%, we need to get BOTH Reich and Obama into the unemployed lines. Neither one belongs in Government or on College campus. Good god Mr. Reich are you insane ? http://www.businessinsider.com/c/50665fb4eab8ea8e0c000009 Flagged as Offensive=Disagrees with Reigh Fri, 28 Sep 2012 22:40:52 -0400 http://www.businessinsider.com/c/50665fb4eab8ea8e0c000009 Yeah, we can't have any comments that disagree with Reich now can we, BI? I see you have market all such comments as "Flagged as Offensive?" We wouldn't want to offend the former lousy Labor Secretary now would we? http://www.businessinsider.com/c/5065d512eab8ea7b58000019 citizen1 Fri, 28 Sep 2012 12:49:22 -0400 http://www.businessinsider.com/c/5065d512eab8ea7b58000019 Reich, this website provides news of "startups" and follows them. "Startups" start new jobs. This video shows a few insights of a JOB CREATOR - one who invests in companies studied and predicted to be successful, or even more successful, which builds new jobs. Where was Obama then? He was sharpening his job killing socialist agendas and learning how to give taxpayer money away to buy votes. America needs exactly the business intent and experience Romney demonstrates in this video. http://www.businessinsider.com/c/5065c3f4eab8ea0d2f000008 Ray Fri, 28 Sep 2012 11:36:20 -0400 http://www.businessinsider.com/c/5065c3f4eab8ea0d2f000008 can I hear something about third party candidates? sheeple don't like romney.. he is fembot and that is quite apparent to anyone having iq >92. we don;t like obama because he lies and take pleasure in it (eg.. he said he will label gmo but instead fast tracked gmo.! he even appointed gmo guy as good czar.!!!) both are useless.. we need third guy.. btw.. romney is fall guy to keep sheeple focussed on two candidates only.. wake up sheeple... smell the roses instead of grass. thanks. http://www.businessinsider.com/c/5065bff8ecad046155000001 segovia Fri, 28 Sep 2012 11:19:20 -0400 http://www.businessinsider.com/c/5065bff8ecad046155000001 So, basically, if Romney is skilled at the reallocation of misdirected labor within the private sector, he's just the person to deal with America's gross misallocation of labor within the federal government. We're all good here. Time to vote. http://www.businessinsider.com/c/5065b864ecad04fc47000001 Ztt Fri, 28 Sep 2012 10:47:00 -0400 http://www.businessinsider.com/c/5065b864ecad04fc47000001 Government has been harvesting me for a significant deficit for years. http://www.businessinsider.com/c/5065ab866bb3f7150a000005 t Fri, 28 Sep 2012 09:52:06 -0400 http://www.businessinsider.com/c/5065ab866bb3f7150a000005 Bain has been part of the American GDP for 30 years and they have yet to create enough jobs to counter the downfall that hit us in 2008. Besides, America has a 16 trillion GDP. AMERICA IS BUSINESS INCARNATE. You ignorant , desperate Americans think that because Mitt did it big at Bain that would fill the void left by a multi trillion dollar credit housing and credit bubble. LOL! Look at our GDP and compare it to the GDP in 2005 when it was 12 trillion. We have an extra 3 trillion but 23 million less folks working. That is about 800 billion in payroll the private sector is saving each year. Multiply that 800 billion by 4 and we get 3.2 trillion in payroll savings. That is tantamount to what Meg did recently at HP. Letting go of 27, 000 workers that resulted in about 4 billion in annual savings for HP. And of course Meg got a fat bonus for doing that. The crash in 08' gave the private sector the greatest corporate savings in history. And add to that the 16 trillion by the mamas and papas of zion and you have 20 trillion. Damn. But that isn't talked about in the mainstream media. Oh no. It is all about the so called muslim commie in office . LOL! You fucking right wingers can kiss my ass. http://www.businessinsider.com/c/5065a85e69bedd565f000009 tw Fri, 28 Sep 2012 09:38:38 -0400 http://www.businessinsider.com/c/5065a85e69bedd565f000009 The key word here is harvest, and the use of that term makes Romney more than qualified forthe job. Why? Because harvesting hosts is what government and many businesses do. Profit is not the issue. For example: candidates harvest funds from doners. Executives at large, scale public companies harvest large sums from shareholders and government etc. The concept of harvesting is pejorative and speaks of crony capitalism......therefore someone who understands the game is qualified to play, modify and change it. http://www.businessinsider.com/c/5065a0dfeab8eab358000008 Ty Fri, 28 Sep 2012 09:06:39 -0400 http://www.businessinsider.com/c/5065a0dfeab8eab358000008 To the students at Berkeley, I hope that your public policy teaching assistant understands that profits allow companies to make further investments in projects that hire workers in more stable, longer term positions. Your professor isn't clear on that point. http://www.businessinsider.com/c/50659dc5ecad04be11000016 slash buzz Fri, 28 Sep 2012 08:53:25 -0400 http://www.businessinsider.com/c/50659dc5ecad04be11000016 This post has been up for 2 hours and not a single Obamatron has responded? Must all still be passed out in their basements...;) Seriously, Reich was a failed SecLabor, not SecCommerce - how can you expect someone of his mental and physical stature to take the long view? http://www.businessinsider.com/c/506599adeab8ea8048000004 lark williams Fri, 28 Sep 2012 08:35:57 -0400 http://www.businessinsider.com/c/506599adeab8ea8048000004 Nothing wrong with these comments. Five to eight years is a long period to hold and then sell, which is what harvest means. Some private equity companies have three to five year periods. Those are problematic since they resort to slash and burn. But willingness to hold for eight years is the right thing to do http://www.businessinsider.com/c/506596a5eab8ea8e3d00002d Hank Rearden Fri, 28 Sep 2012 08:23:01 -0400 http://www.businessinsider.com/c/506596a5eab8ea8e3d00002d Typical left think-speak. "We would much prefer you harvest at a loss." "Only the non-profits are noble." To this I say, Reich, you're a bastard. http://www.businessinsider.com/c/5065933eeab8ea6f3d000005 dh Fri, 28 Sep 2012 08:08:30 -0400 http://www.businessinsider.com/c/5065933eeab8ea6f3d000005 Whoever wrote this article for BI apparently has NO CLUE as to how venture capital works. IN CONTEXT, what Romney is saying is "We invest in companies, nurture them, show them how to run their company profitably, and then spin them off and 'harvest' our equity stake." Not a thing wrong with that from the typical capitalist view OR the job creation view. http://www.businessinsider.com/c/506591e069bedda82b000005 AmyJoy Fri, 28 Sep 2012 08:02:40 -0400 http://www.businessinsider.com/c/506591e069bedda82b000005 ABO: Anybody But Obama. please vote this communist out of office before he finishes his mission of destroying the USA http://www.businessinsider.com/c/506591976bb3f7c45800000a Willy Melson Fri, 28 Sep 2012 08:01:27 -0400 http://www.businessinsider.com/c/506591976bb3f7c45800000a Thank you Robert "Forth" Reich for reminding us all that the primary purpose of business is to create Jobs with making a PROFIT way down the list of need too's. Sounds like the model for the USPS . . . and we all know how well that's going. What a TOOL you are Bobby. When was the last time you had a real "for profit" job where you had to contribute to the bottom line . . . to survive? I nominate Bobby "Forth" Reich to be the new Postmaster Generalisimo. I really need to have all that ohh so important Junk Mail delivered to me six days a week. http://www.businessinsider.com/c/50658f7d6bb3f7775200000d John Hender Fri, 28 Sep 2012 07:52:29 -0400 http://www.businessinsider.com/c/50658f7d6bb3f7775200000d But you see, Obama wants the end result to be profit, too. He just doesn't want to work for that profit and believes others profits should be redistributed. http://www.businessinsider.com/c/50658d9decad049a73000003 rukidding? Fri, 28 Sep 2012 07:44:29 -0400 http://www.businessinsider.com/c/50658d9decad049a73000003 Really? Robert Reich? This guy has no idea what business is or does and has never met a payroll in his life. The term "harvest" is nothing more than business speak that investors sometimes use to explain a strategy for employing capital and reaping returns. It usually occurs when a business is successful and has grown both jobs and profits. Growing both jobs and profits is a good thing. http://www.businessinsider.com/c/50658d33eab8ea522b000003 Chuck Fri, 28 Sep 2012 07:42:43 -0400 http://www.businessinsider.com/c/50658d33eab8ea522b000003 Well it is certainly better than throwing away billions of dollars on Obama crony businesses like Solyndra. Your problem is you are a socialist; please move to another country. http://www.businessinsider.com/c/50658a3eecad04fe6a000006 Romney's 1040 Fri, 28 Sep 2012 07:30:06 -0400 http://www.businessinsider.com/c/50658a3eecad04fe6a000006 Mitt Roomey is a supply-side guy trying to apply solutions to a new demand-side world. http://www.businessinsider.com/c/506588516bb3f7af49000006 Em Fri, 28 Sep 2012 07:21:53 -0400 http://www.businessinsider.com/c/506588516bb3f7af49000006 And what's wrong with that? We run our household at a profit. Or can I call Reich on the months we're short to get funding? Or anyone at the government for that matter. http://www.businessinsider.com/c/50658773ecad04666000001b black swan Fri, 28 Sep 2012 07:18:11 -0400 http://www.businessinsider.com/c/50658773ecad04666000001b "we need someone who doesn’t see the economy as profits to be harvested" So wouldn't it be ironic if an Obama victory brought about the almost immediate harvesting of profits before the year is out? If Obama is re-elected, the expiration of the Bush tax cuts, by the end of the year, would set the basic top rate at 20% (currently 15%) for capital gains taxes. The 2010 health care law included an additional 3.8 percent tax, yielding the 23.8% rate on capital gains for those with a top adjusted gross of $200,000 or more. In his 2013 budget, Obama called for taxing dividends as ordinary income, subjecting them to a top rate of 39.6 percent, and, with the 3.8% Obamacare surcharge, a total tax rate of 43.4 percent (vs the current 15% rate), for those with a top adjusted gross of $200,000 or more. One could deduce that an Obama victory would bring a massive stock market asset sell-off before 2013, as those who made the big money would get out of the market before paying possibly more that 1.5 times the tax on capital gains, and close to triple the tax on dividends, compared to what they would pay if they sold before the end of the year. For those who believe that Obama will win, now might be a good time to take some long-term capital gains profits, and to sell off those dividend stocks before others start dumping theirs. http://www.businessinsider.com/c/50658598ecad047060000026 millermtu Fri, 28 Sep 2012 07:10:16 -0400 http://www.businessinsider.com/c/50658598ecad047060000026 Harvest means sell at a profit. no one wants to sell at a loss. helping startup companies with funding sounds like a normal everyday thing. where do you live Reich? If you think of the federal government like a business that is loosing money, then we need exactly someone who will right size it so it can continue on in sound financial condition. Businesses work for a profit. Why does everyone act like this is some kind of sin, when it is a requirement. Jobs were sent off-shore because all companies compete and must keep costs low or they WILL go out of business. Governments have helped with free trade agreement and other trade policy. Yet, liberals act like it was just Mitt Romney that sent jobs off-shore. Clearly we don't teach any economics in K-12 schools so you can pull this crap and people will vote for losses.	M&A	1	[ { "label": "M&A", "score": 1 } ]
CNN Acquires CNNbrk Twitter Account With Nearly 1 Million Followers - Business Insider Tech BI Intelligence Events Trending Tech Finance Politics Strategy Life Sports Video All × From To You have successfully emailed the post. CNN Acquires CNNbrk Twitter Account With Nearly 1 Million Followers Dan Frommer Apr. 15, 2009, 4:40 PM 21,931 71 facebook linkedin twitter email print Hard to believe, but the CNN Twitter account racing Ashton Kutcher to 1 million subscribers wasn't even under CNN's (TWX) control until recently. CNN confirms that it has has taken control of the @cnnbrk account -- and its 944,000 followers. CNN didn't disclose any financial details, but said it's been working with previous owner James Cox on the account for more than two years. This is no-brainer for CNN, and we hope they paid Cox a lot of money for the account he's nurtured. By adding more stories to the feed -- and links to CNN's site -- CNN.com could generate hundreds of thousands of extra pageviews per day. (CNN isn't sure if it's going to add links in the near-term.) Whoever is control of the account has been tinkering with it in the last hour or so, adding five CNN-owned or CNN reporter accounts to the ones it's following. Not a coincidence: A recent tweet on Cox's account suggests he's recently visited CNN's HQ in Atlanta. "On the way home after a busy two days. Goodbye Atlanta!" Indeed, he's been at the CNN campus for the last few days talking about Twitter and social media. More: Media Twitter Blogging Social Networking facebook linkedin twitter email print Recommended For You Comments Comments on this post are now closed. Insiders 0 All Comments 71 Apply To Be An "Insider" » Loading CNN Acquires CNNbrk Twitter Account With Nearly 1 Million Followers CNN Acquires CNNbrk Twitter Account With Nearly 1 Million Followers Hard to believe, but the CNN Twitter account racing Ashton Kutcher to 1 million subscribers wasn't even under CNN's control until recently. Recommended For You Featured Neil deGrasse Tyson and Al Gore on the future of our planet — and everything else More "Innovators" » My husband and I are business partners who just had our first child — here's how we make it work More "What Matters" » Get Tech Emails & Alerts Sign-Up Learn More » Tech Select Tech Chart Of The Day Business Insider Select 10 Things In Tech You Need To Know Mobile Insights BII Mobile Insights More Featured Business Insider Select Tech Select Tech Chart Of The Day Markets Chart Of The Day 10 Things Before the Opening Bell Instant MBA Business Insider Events BI Intelligence Daily Finance Finance Select Markets Select Monday Scouting Report Your Money Select Financial Advisor Insights Smart Investor CFO Insider Finance Insider Wealth Advisor Select Strategy Strategy Select Advertising Select Retail Select Careers Select 10 Things You Need To Know In Advertising Politics Politics Select Military Select Life Life Select Transportation Select Education Select Entertainment Select Breaking News Tech Enterprise Select Science Select Mobile Chart Of The Day E-Commerce Chart Of The Day Payments Chart Of The Day Digital Media Chart Of The Day IoT Chart of the Day Fintech Briefing Charts of the Day Sports Chart Of The Day Top 10 Things 10 Things In Tech You Need To Know Closing Bell Sports Sports Latest Research Our 25 Top Tech Predictions The Payments Ecosystem Report The Fintech Ecosystem Report The Internet of Things Report Read Business Insider On The Go Available for iPhone, iPad, and Android Find A Job Tech Jobs C-Level Jobs Media Jobs Design Jobs Finance Jobs Sales Jobs See All Jobs » Thanks to our partners * Copyright © 2016 Business Insider Inc. All rights reserved. Registration on or use of this site constitutes acceptance of our Terms of Service and Privacy Policy. Disclaimer Commerce Policy Stock quotes by finanzen.net Made in NYC International Editions: UKDEAUSIDINMYSG	M&A	1	[ { "label": "M&A", "score": 1 } ]
Business Insider: Acquisition http://www.businessinsider.com/category/acquisition en-us Sat, 25 May 2013 19:53:14 -0400 Sat, 25 May 2013 19:53:14 -0400 The latest news on Acquisition from Business Insider http://static3.businessinsider.com/assets/images/bilogo-250x36-wide-rev.png Business Insider http://www.businessinsider.com http://www.businessinsider.com/yahoo-buys-another-startup-this-week-cross-platform-gaming-company-playerscale-2013-5 Yahoo Buys Another Startup, Cross-Platform Gaming Company PlayerScale http://www.businessinsider.com/yahoo-buys-another-startup-this-week-cross-platform-gaming-company-playerscale-2013-5 Thu, 23 May 2013 10:52:00 -0400 Alyson Shontell <p><img class="float_right" src="http://static3.businessinsider.com/image/51388894eab8eadf3f000004-900-635-400-/marissa-mayer-yahoo-ceo.jpg" border="0" alt="marissa mayer yahoo ceo" width="400" /></p><p>It's back to the smaller acquisitions after <a class="hidden_link" href="http://www.businessinsider.com/blackboard/yahoo">Yahoo</a>'s buzzy buyout of <a class="hidden_link" href="http://www.businessinsider.com/blackboard/tumblr">Tumblr</a> Monday for $1.1 billion.</p> <p>Today, Yahoo has announced its latest acquisition, <a href="http://playerscale.com/">PlayerScale</a>. The price has not been disclosed, but it probably wasn't as cheap as some of the talent acquisitions Yahoo has made previously.</p> <p>PlayerScale reaches 150 million users worldwide, and Yahoo says it wants to continue building on the platform's technology, not shut it down. PlayerScale helps push games across social and mobile platforms seamlessly. It also gives game developers a way to track revenue and users across multiple platforms.</p> <p>Here's the note PlayerScale's CEO, Jesper Jensen, wrote on the website (<a href="http://techcrunch.com/2013/05/23/yahoo-acquires-gaming-platform-startup-playerscale/">via TechCrunch</a>)</p> <p style="padding-left: 30px;">Today is a great day — both in our journey with PlayerScale and for users of our Player.IO product. We are happy to announce the next big step toward our goal of building the best possible gaming infrastructure platform: we have been acquired by Yahoo!. And don’t worry, we’re not going anywhere. Our platform will continue to support the same great games that you love playing today … and in fact, it will only get better from here!</p> <p style="padding-left: 30px;">Our goal has always been to help developers build the best possible games, without having to worry about building and scaling the infrastructure required to operate today’s biggest successes. In working with the folks at Yahoo!, it has become clear that we share this passion.</p> <p style="padding-left: 30px;">We have spent the past four years growing a three-person startup into a product that powers games played by over 150 million people worldwide and we are adding over 400,000 new users every day. In the last four months alone, we have increased our daily user growth rate by almost sixty percent. With Yahoo!’s backing, we can crank out awesome products and improvements to our platform faster than ever before. We will continue to support our existing product and deliver new services to help you grow and manage your success in cross-platform gaming — whether it’s casual, social or mobile.</p> <p style="padding-left: 30px;">Today marks a milestone for PlayerScale and I want to sincerely thank the team, our developers and millions of users for the adventure so far and can promise there will be more to come.</p> <p style="padding-left: 30px;">- Jesper Jensen</p> <p><p>Please follow <a href="http://www.businessinsider.com/sai">SAI</a> on <a href="http://twitter.com/sai">Twitter</a> and <a href="http://facebook.com/businessinsider">Facebook</a>.</p><p><a href="http://www.businessinsider.com/yahoo-buys-another-startup-this-week-cross-platform-gaming-company-playerscale-2013-5#comments">Join the conversation about this story »</a></p> http://www.businessinsider.com/car-share-relayrides-acquires-wheelz-2013-5 A Startup Car-Sharing Service Is Eliminating The Competition http://www.businessinsider.com/car-share-relayrides-acquires-wheelz-2013-5 Tue, 14 May 2013 12:38:00 -0400 Alex Davies <p><img class="float_right" src="http://static4.businessinsider.com/image/519240feecad044a4e00000d-691-518-401-300/relayrides-1.png" border="0" alt="relayrides" width="401" height="300" /></p><p>Startup peer-to-peer car sharing service RelayRides has acquired Wheelz, a smaller competitor, it announced early Tuesday morning.</p> <p>The acquisition is a sign of RelayRides' impressive growth since it launched in June 2010.</p> <p>After it became available nationwide last year, membership has climbed 500%.</p> <p>The service facilitates car rentals by connecting individual vehicle owners with potential renters, checking driving records, and providing insurance. It makes its money off a 40% commission from each rental.</p> <p>RelayRides neatly sidesteps the biggest problem for <a href="http://www.businessinsider.com/category/zipcar" target="_blank">Zipcar</a>, the big name in the short-term car-sharing space, because it does not spend money to buy and maintain its own cars, which people may not want to rent.</p> <p>We <a href="http://www.businessinsider.com/relayrides-lets-car-owners-make-a-lot-of-money-2013-2" target="_blank">tried the service earlier this year</a>, and we were really impressed with how it works.</p> <p>The rise in membership has helped RelayRides reduce its biggest cost: providing insurance to drivers with a wide variety of experience and driving histories (all are screened, and those with major violations are not approved).</p> <p>RelayRides drivers have fewer accidents than the general population, according to CEO Andre Haddad, which has allowed it to negotiate with its insurers and drive down costs. Members "don't treat these cars as rentals," he explained, so they tend to be more careful.</p> <p>Eliminating Wheelz as a competitor and adding its assets and technology to its service should fuel RelayRides's already rapid growth.</p> <p>In an interview with <a href="http://www.businessinsider.com/blackboard/business-insider" target="_blank">Business Insider</a>, Haddad said the acquisition gives RelayRides access to Wheelz's DriveBox technology, which allows users to unlock cars with their phones, instead of picking up the keys from the vehicle's owner.</p> <p>With dropping costs, more advanced technology, growing membership, and one less competitor in the field, there's no reason to believe RelayRides won't keep getting bigger and better.</p><p><strong>SEE ALSO: <a href="http://www.businessinsider.com/ridiculous-supercars-of-the-dubai-police-2013-5" >The Ridiculous Supercars Of The Dubai Police Force</a></strong></p> <p><p>Please follow <a href="http://www.businessinsider.com/transportation">Getting There</a> on <a href="http://twitter.com/bi_gettingthere">Twitter</a> and <a href="http://facebook.com/">Facebook</a>.</p><p><a href="http://www.businessinsider.com/car-share-relayrides-acquires-wheelz-2013-5#comments">Join the conversation about this story »</a></p> http://www.businessinsider.com/heres-how-softbank-might-stop-dish-from-acquiring-sprint-2013-5 Here's How SoftBank Could Stop Dish From Buying Sprint (S) http://www.businessinsider.com/heres-how-softbank-might-stop-dish-from-acquiring-sprint-2013-5 Fri, 10 May 2013 18:57:47 -0400 Julie Bort <p><img class="float_right" src="http://static6.businessinsider.com/image/518d76576bb3f7c034000006-590-442-400-300/japan-sprint-softbank.jpg" border="0" alt="japan sprint softbank" width="400" height="300" /></p><p>Japanese telecom company SoftBank is trying to convince banks not to loan Dish the money to buy a big stake in <a class="hidden_link" href="http://www.businessinsider.com/blackboard/sprint">Sprint</a>, reports <a href="http://www.reuters.com/article/2013/05/10/net-us-sprint-softbank-idUSBRE9490YB20130510">Reuters' Soyoung Kim and Olivia Oran</a>.</p> <p id="articleText">SoftBank's is reportedly telling banks that if they do loan Dish the money, SoftBank will cut them out of the highly anticipated IPO of <span id="articleText"></span>China's largest e-commerce company, <span id="articleText"><a class="hidden_link" href="http://www.businessinsider.com/blackboard/alibaba">Alibaba</a></span>. SoftBank owns a 33% stake in <span id="articleText">Alibaba</span>.</p> <p>SoftBank wants to buy a big 70% stake of Sprint for about $20 billion. But so does satellite TV provider Dish, and Dish is offering to pay $25.5 billion.</p> <p>Dish's offer, however, depends on Dish's ability to borrow $9 billion from banks.</p> <p>SoftBank could thwart Dish if it could stop banks from loaning Dish the money.</p> <p>At least "<span id="articleText">one major Wall Street bank</span>" has withdrawn its offer to finance Dish's bid because of this tactic, Kim and Oran report.</p> <p>Then again, this could all be smoke and mirrors. <span id="articleText">Alibaba</span>'s IPO is not imminent. It hasn't announced a date or hired underwriters, they report. </p><p><strong>SEE ALSO: <a href="http://www.businessinsider.com/the-20-hottest-startups-in-israel-2013-5" >The 20 Hottest Startups From Israel</a></strong></p> <p><p>Please follow <a href="http://www.businessinsider.com/sai">SAI</a> on <a href="http://twitter.com/sai">Twitter</a> and <a href="http://facebook.com/businessinsider">Facebook</a>.</p><p><a href="http://www.businessinsider.com/heres-how-softbank-might-stop-dish-from-acquiring-sprint-2013-5#comments">Join the conversation about this story »</a></p> http://www.businessinsider.com/salesforcecom-buys-clipboard-but-plans-shutdown-2013-5 Salesforce.com Acquires Clipboard And Plans To Shut It Down Next Month (CRM) http://www.businessinsider.com/salesforcecom-buys-clipboard-but-plans-shutdown-2013-5 Thu, 09 May 2013 20:46:00 -0400 Kevin McLaughlin <p><img class="float_right" src="http://static2.businessinsider.com/image/518c3bd66bb3f7575c000001-400-300-400-300/salesforce-marc-benioff.jpg" border="0" alt="salesforce Marc Benioff" width="400" height="300" /></p><p><a class="hidden_link" href="http://www.businessinsider.com/blackboard/salesforcecom">Salesforce.com</a> has inked a definitive agreement to acquire Clipboard, a startup whose service lets users save chunks of text and rich content from Web pages and share them with other users online.</p> <p>Terms of the deal weren't disclosed. But <a href="http://allthingsd.com/20130509/salesforce-acquires-bookmarking-startup-clipboard-for-more-than-10m/">AllThingsD</a>'s Liz Gannes, citing an anonymous source, said that Salesforce.com paid between $10 - $20 million for Clipboard, which launched its service last May.</p> <p>Clipboard's core engineering and design team will be moving to Salesforce.com's Seattle offices. They'll report to Clipboard CEO Gary Flake, who is transitioning to a VP of engineering role at Salesforce.com, according to an <a href="https://clipboard.com/faq">FAQ on Clipboard's Website</a>. Clipboard is based in Bellevue, Wash.</p> <p>The Clipboard service will be shutting down for good on June 30. Until then, Clipboard says its 140,000-strong user base will be able to download their content and preserve their creations.</p> <p>The reason the service will shut down is because the team couldn't handle "building new capabilities within Salesforce" while also keeping Clipboard up and running, the Clipboard team said.</p> <p>That's probably a smart move. Clipboard has lots of competition, like <a class="hidden_link" href="http://www.businessinsider.com/blackboard/evernote">Evernote</a>, which has more than 60 million users, and even, perhaps, Pinterest, which has about 50 million.</p> <p>It's not the first such service to be acqu-hired and closed this year either.</p> <p>Snip-It, a San Francisco-based startup with a service similar to Clipboard's, was acquired by <a class="hidden_link" href="http://www.businessinsider.com/blackboard/yahoo">Yahoo</a> in January and shut down the following month. </p> <p><p>Please follow <a href="http://www.businessinsider.com/enterprise">SAI: Enterprise</a> on <a href="http://twitter.com/bi_enterprise">Twitter</a> and <a href="http://facebook.com/businessinsider">Facebook</a>.</p><p><a href="http://www.businessinsider.com/salesforcecom-buys-clipboard-but-plans-shutdown-2013-5#comments">Join the conversation about this story »</a></p> http://www.businessinsider.com/box-buys-crocodoc-to-best-dropbox-2013-5 By Acquiring This Company You Never Heard Of, Aaron Levie Just Punched Dropbox In The Gut http://www.businessinsider.com/box-buys-crocodoc-to-best-dropbox-2013-5 Thu, 09 May 2013 18:43:00 -0400 Julie Bort <p><img class="float_right" src="http://static5.businessinsider.com/image/503fe723ecad04962d000000-400-300/aaron_levie-4x3.png" border="0" alt="Aaron Levie" /></p><p>In his second-ever acquisition, Box CEO <a class="hidden_link" href="http://www.businessinsider.com/blackboard/aaron-levie">Aaron Levie</a> <a href="http://blog.box.com/2013/05/box-is-acquiring-crocodoc-to-reimagine-documents-in-the-cloud/">snatched up Crocodoc</a>.</p> <p>You probably never heard of <a class="hidden_link" href="http://www.businessinsider.com/blackboard/crocodoc">Crocodoc</a>. It's a seven-person startup and class of 2007 Y-Combinator alum that raised a little over $1 million.</p> <p>Terms of the acquisition were not announced but we bet the team made a pretty penny. That's because, despite its small size, Crocodoc had a handful of huge customers including Box rival <a class="hidden_link" href="http://www.businessinsider.com/blackboard/dropbox">Dropbox</a>.</p> <p>It also named <a class="hidden_link" href="http://www.businessinsider.com/blackboard/microsoft">Microsoft</a>'s <a class="hidden_link" href="http://www.businessinsider.com/blackboard/yammer">Yammer</a>, <a class="hidden_link" href="http://www.businessinsider.com/blackboard/linkedin">LinkedIn</a>, education site Edmodo and SAP as customers.</p> <p>Crocodoc offers HTML5 technology that lets you embed documents into websites. When you <a href="https://crocodoc.com/see-it-in-action/">see a Crocodoc document,</a> it looks similar to <a class="hidden_link" href="http://www.businessinsider.com/blackboard/scribd">Scribd</a> where you view the document inside a window.</p> <p>All seven members will join Box. Founder <a class="hidden_link" href="http://www.businessinsider.com/blackboard/ryan-damico">Ryan Damico</a> will become Box's new Director of Platform. Levie will integrate Crocodoc into the basic Box platform.</p> <p>UPDATED: Box does not intend to shut down Crocodoc, the company told <a class="hidden_link" href="http://www.businessinsider.com/blackboard/business-insider">Business Insider</a>:</p> <p>"The Crocodoc technology will become a core part of the Box platform, and we'll continue to serve all their existing customers while also investing heavily in the roadmap to bring in new ones. It is very likely, however, that the branding of Crocodoc will change," a company spokesperson said.</p> <p>Even so, this was a brilliant way to leapfrog Dropbox. Dropbox must now use tech owned by one of its biggest competitors or go in search of a replacement.</p><p><strong>SEE ALSO: <a href="http://www.businessinsider.com/10-most-important-in-cloud-computing-2013-4" >The 10 Most Important Companies In Cloud Computing</a></strong></p> <p><strong>SEE ALSO: <a href="http://www.businessinsider.com/yahoo-hires-star-mobile-engineer-from-pinterest-2013-5" >Yahoo Hires Star Mobile Engineer Who Used To Work At Pinterest</a></strong></p> <p><p>Please follow <a href="http://www.businessinsider.com/enterprise">SAI: Enterprise</a> on <a href="http://twitter.com/bi_enterprise">Twitter</a> and <a href="http://facebook.com/businessinsider">Facebook</a>.</p><p><a href="http://www.businessinsider.com/box-buys-crocodoc-to-best-dropbox-2013-5#comments">Join the conversation about this story »</a></p> http://www.businessinsider.com/milewise-could-be-the-next-tiny-startup-marissa-mayer-buys-2013-5 MileWise Could Be The Next Tiny Startup Marissa Mayer Buys http://www.businessinsider.com/milewise-could-be-the-next-tiny-startup-marissa-mayer-buys-2013-5 Thu, 02 May 2013 19:14:00 -0400 Julie Bort <p><img class="float_right" src="http://static1.businessinsider.com/image/5182f076ecad041d57000011-810-608-400-300/marissa-mayer-30.jpg" border="0" alt="Marissa Mayer" width="400" height="300" /></p><p><a class="hidden_link" href="http://www.businessinsider.com/blackboard/yahoo">Yahoo</a> CEO Marissa Mayer isn't done with her startup shopping spree it seems. Yahoo is in talks to buy <a class="hidden_link" href="http://www.businessinsider.com/blackboard/milewise">MileWise</a>, <a href="http://pandodaily.com/2013/05/02/yahoo-nearing-deal-to-buy-travel-rewards-startup-milewise-according-to-sources/">Pando Daily's Erin Griffith reports</a>.</p> <p>MileWise is a travel rewards site that raised $1.5 million in early 2011 from several VCs like <a class="hidden_link" href="http://www.businessinsider.com/blackboard/atlas-venture">Atlas Venture</a>, <a class="hidden_link" href="http://www.businessinsider.com/blackboard/founder-collective">Founder Collective</a> and a long list of big-name angel investors like <a class="hidden_link" href="http://www.businessinsider.com/blackboard/techstars">TechStars</a> cofounder <a class="hidden_link" href="http://www.businessinsider.com/blackboard/david-g-cohen">David Cohen</a>; <a class="hidden_link" href="http://www.businessinsider.com/blackboard/mitch-kapor">Mitch Kapor</a> (<a class="hidden_link" href="http://www.businessinsider.com/blackboard/twilio">Twilio</a>, <a class="hidden_link" href="http://www.businessinsider.com/blackboard/'`"KKRw1">Uber</a>, <a class="hidden_link" href="http://www.businessinsider.com/blackboard/bitly">Bit.ly</a>) and Khosla Ventures’ <a class="hidden_link" href="http://www.businessinsider.com/blackboard/keith-rabois">Keith Rabois</a>.</p> <p>MileWise helps people redeem points from travel loyalty programs like frequent flyer miles, hotel rewards and credit card programs via its website and iPhone/Android apps.</p> <p>This acquisition would make sense for Yahoo if it comes to be. Marissa Mayer wants <a href="http://www.businessinsider.com/marissa-mayer-sets-2015-goal-for-yahoo-will-mobile-dominance-achieved-through-acquisition-2012-9">Yahoo to be dominant in mobile</a> by 2015 and travel is an obvious choice to pursue.</p> <p>We'll have to wait and see if this follows Yahoo's recent pattern of buying small startups for their tech or talent and shutting them down.</p> <p>Yesterday, Yahoo bought <a href="http://www.businessinsider.com/yahoo-buys-astrid-2013-5">task-management app Astrid </a>and will shutter it. In March, it paid <a href="http://www.businessinsider.com/why-marissa-mayer-bought-a-30m-startup-2013-4">$30 million for Summly and shut it down</a>. Ditto for Stamped, bought in December.</p> <p>We reached out to MileWise for comment.</p><p><strong>SEE ALSO: <a href="http://www.businessinsider.com/this-new-app-makes-your-wife-or-husband-look-gorgeous-in-photos-2013-4" >This App Makes People Look Gorgeous In Photos</a></strong></p> <p><p>Please follow <a href="http://www.businessinsider.com/sai">SAI</a> on <a href="http://twitter.com/sai">Twitter</a> and <a href="http://facebook.com/businessinsider">Facebook</a>.</p><p><a href="http://www.businessinsider.com/milewise-could-be-the-next-tiny-startup-marissa-mayer-buys-2013-5#comments">Join the conversation about this story »</a></p> http://www.businessinsider.com/yahoo-buys-astrid-2013-5 Yahoo Buys Astrid And Will Shut It Down In 90 Days http://www.businessinsider.com/yahoo-buys-astrid-2013-5 Wed, 01 May 2013 19:43:00 -0400 Julie Bort <p><img class="float_right" src="http://static1.businessinsider.com/image/5181a718eab8eae44300000b-620-465-400-300/marissa-mayer-hand-up-5.jpg" border="0" alt="marissa mayer hand up" width="400" height="300" /></p><p><a class="hidden_link" href="http://www.businessinsider.com/blackboard/yahoo">Yahoo</a> just bought Astrid, an online to-do list app and will take it offline in 90 days.</p> <p>We don't know what Yahoo paid, but Astrid was founded in 2008 and had only raised $400,000 in 2012 from investors that included <a class="hidden_link" href="http://www.businessinsider.com/blackboard/google-ventures">Google Ventures</a> and Nexus <a class="hidden_link" href="http://www.businessinsider.com/blackboard/venture-partners">Venture Partners</a>, according <a href="http://www.crunchbase.com/company/astrid"><span class="hidden_link">to its Crunchbase profile</span>.</a></p> <p>The company says that it has accrued about 4 million users and that in 90 days, they'll be told how they can retrieve their data. Astrid is no longer accepting new users and will refund those who paid for a year's worth of service in advance.</p> <p>Astrid launched in 2008, and was an early app tackling email management and to-do lists. It runs on <a class="hidden_link" href="http://www.businessinsider.com/blackboard/iphone">iPhone</a>, <a class="hidden_link" href="http://www.businessinsider.com/blackboard/ipad">iPad</a>, Android, Windows. It's integrated with Siri, too, so you can add your to-do entries via voice commands.</p> <p>If not clear yet what Yahoo plans with Astrid's tech, but perhaps better inbox management to compete with Mailbox, or more personalization features to compete with <a class="hidden_link" href="http://www.businessinsider.com/blackboard/evernote">Evernote</a>.</p> <p>Here's the blog post about the acquisition made by cofounder Jon Paris:</p> <p style="padding-left: 30px;">Friends of Astrid,</p> <p style="padding-left: 30px;">We are thrilled to announce that we have been acquired by Yahoo!. When we set out to build Astrid, we sought to help as many people as possible become happier, healthier and more productive. We’re really excited to join the mobile team and continue this work with Yahoo!’s goal of “making the world’s daily habits more inspiring and entertaining.”</p> <p style="padding-left: 30px;">Over the next 90 days, Astrid will continue to work as is, and we will no longer be accepting new premium subscriptions. To make future changes as easy as possible, we’ll be in touch with users shortly to share how to download data.</p> <p style="padding-left: 30px;">We are grateful to the more than 4 million of you who have downloaded our apps, to those who have shared Astrid with friends, family and co-workers, and to all who encouraged us with your kind words along the way. You honored us in so many ways, and we won’t forget you.</p> <p style="padding-left: 30px;">We are also grateful to our many mentors and investors:</p> <p style="padding-left: 30px;">Thomas Korte and AngelPad for your sage advice and assembling a tremendous community of entrepreneurs.Google Ventures and the team at the Startup Lab for teaching us so much.Nexus Venture Partners, TMT Investments, and the amazing angel investors who provided the resource and support we needed to build our products and company.Jump Associates and LUXr for helping us understand our users and build products people love.</p> <p style="padding-left: 30px;">To all of you, in both big and small ways you have helped us achieve the success we enjoy today. It is our sincere hope that our work will help you come closer to your own dreams.</p> <p style="padding-left: 30px;">Warmly,</p> <p style="padding-left: 30px;">Jon Paris & the Astrid Team</p> <p style="padding-left: 30px;">Note: Yahoo! will be administering refunds to eligible users who have paid for annual subscriptions, Power-Pack and Locale Plugins.</p><p><strong>SEE ALSO: <a href="http://www.businessinsider.com/googles-new-apps-are-bad-for-microsoft-2013-5" >Here's Why Google's New 'Packaged Apps' Are Bad News For Microsoft</a></strong></p> <p><p>Please follow <a href="http://www.businessinsider.com/sai">SAI</a> on <a href="http://twitter.com/sai">Twitter</a> and <a href="http://facebook.com/businessinsider">Facebook</a>.</p><p><a href="http://www.businessinsider.com/yahoo-buys-astrid-2013-5#comments">Join the conversation about this story »</a></p> http://www.businessinsider.com/ny-media-startup-greatist-acquires-columbia-students-app-sportaneous-2013-4 NY Media Startup Greatist Acquires Columbia Grad's App, Sportaneous http://www.businessinsider.com/ny-media-startup-greatist-acquires-columbia-students-app-sportaneous-2013-4 Mon, 22 Apr 2013 16:47:00 -0400 Alyson Shontell <p><span style="font-size: 15px; line-height: 1.5em;"><img class="float_right" src="http://static2.businessinsider.com/image/5175a3d369bedd2c10000002-533-399-400-/sportaneous-1.jpg" border="0" alt="sportaneous" width="400" />Two years ago, </span><span style="font-size: 15px; line-height: 1.5em;">Derek Flanzraich </span><span style="font-size: 15px; line-height: 1.5em;">founded a health media startup, </span><a href="http://www.greatist.com">Greatist</a><span style="font-size: 15px; line-height: 1.5em;">.</span></p> <p>One year ago, <span>Flanzraich</span> met Columbia students <span style="font-size: 15px; line-height: 1.5em;">Omar Haroun and Reuben Doetsch. They had founded a fitness app, <a href="http://www.sportaneous.com/">Sportaneous</a>, and were giving a demonstration at a meetup.</span></p> <p><span style="font-size: 15px; line-height: 1.5em;">Today, Greatist has acquired Sportaneous for an undisclosed amount. All four members will be joining <span>Flanzraich's startup</span>. </span></p> <p><span style="font-size: 15px; line-height: 1.5em;">Haroun and Doetsch first met on the basketball court at Columbia. They raised a little money last May to build an app that helps users find local classes at gyms. Haroun says it was a side business, so when <span>Flanzraich asked if they wanted to join Greatist, they jumped. The acqui-hire took shape on the basketball court; the three founders play together every Sunday.</span></span></p> <p><span style="font-size: 15px; line-height: 1.5em;"><span>Greatist </span>currently has 3 million monthly unique visitors and about 6 million page views. <span>Greatist writes health and wellness articles in a way that's easy to consume and share; 60% of its traffic is referred by social media sites. </span></span><span style="font-size: 15px; line-height: 1.5em;">Each article is verified by experts and is backed by a scientific study from PubMed to make the content more credible.</span><span style="font-size: 15px; line-height: 1.5em;"> </span></p> <p><span style="font-size: 15px; line-height: 1.5em;"></span><span style="font-size: 15px; line-height: 1.5em;">Sportaneous' four members will become Greatist's tech team, growing the startup's staff size from 14 people to 18. The current Sportaneous app will likely fold and the team will begin working on new projects for Greatist. </span></p> <p><span style="font-size: 15px; line-height: 1.5em;"><span></span></span><span style="font-size: 15px; line-height: 1.5em;">"We've been thinking for 2.5 years about how to use technology to get people more active," Haroun says. That aligns with Flanzraich's road map nicely. </span></p> <p>"We've moved into the conversation part of [health and wellness]," Flanzraich says. "The next step is to get people moving and getting them moving with other people. We're creating a social platform for getting people active."</p> <p><span style="font-size: 15px; line-height: 1.5em;">Greatist has raised a little more than $1.1 million.  It says its traffic rivals brands like Shape and Self, and it has content syndication deals with publishers such as USA Today and Time Magazine. It generates money from sponsored posts, and it recently released <a href="http://greatist.com/training-guides">long-form training guides</a>.</span></p> <p><p>Please follow <a href="http://www.businessinsider.com/sai">SAI</a> on <a href="http://twitter.com/sai">Twitter</a> and <a href="http://facebook.com/businessinsider">Facebook</a>.</p><p><a href="http://www.businessinsider.com/ny-media-startup-greatist-acquires-columbia-students-app-sportaneous-2013-4#comments">Join the conversation about this story »</a></p> http://www.businessinsider.com/yahoos-killing-off-upcoming-2013-4 This Is What It's Like When Yahoo Buys Your Startup And Then Starves It To Death (YHOO) http://www.businessinsider.com/yahoos-killing-off-upcoming-2013-4 Mon, 22 Apr 2013 08:39:00 -0400 Megan Rose Dickey <p><img class="float_right" src="http://static4.businessinsider.com/image/51752cd26bb3f7274e000017-430-323-400-300/andy-baio-1.jpg" border="0" alt="Andy Baio" width="400" height="300" /></p><p><a class="hidden_link" href="http://www.businessinsider.com/blackboard/yahoo">Yahoo</a> is killing off event planning service Upcoming, a startup it acquired back in 2007. </p> <p>But Andy Baio, the founder of Upcoming, is not pleased by Yahoo's "typical [f**]-off-and-die style" when it comes to shuttering products, Baio <a href="http://waxy.org/2013/04/the_death_of_upcomingorg/">recently wrote on his blog</a>. He's mostly peeved that Yahoo isn't providing a way for its users to back up their past events.</p> <p>Baio says he knew this day would come, but just wasn't sure when it would happen. <span style="font-size: 15px; line-height: 1.5em;">When Baio and his co-founders left the site at the end of 2007, it quickly started to fall apart, Baio says. </span></p> <p>Baio says Yahoo stripped out many the social features that made Upcoming unique and ignored the spam spreading across the site. By 2009, everyday people were no longer the site's main users. Instead, mostly event promoters and spammers were on the site.</p> <p>"Especially depressing considering self-promotion was banned entirely for its first two years," Baio writes.</p> <p>The goal of Upcoming was to help people find events they care about. Baio says that nothing else has emerged to the solve the problem. Though, there is a new service out there called <a href="http://www.businessinsider.com/sosh-app-launches-in-new-york-city-2013-4">Sosh</a> that seems to do the trick. </p> <p>When Baio first began talking with Yahoo, it seemed like a perfect fit. Baio says Yahoo promised him the tools to grow the Upcoming community, while getting the chance to work at a promising tech giant.</p> <p>But in hindsight, Baio says selling his company to Yahoo was a horrible mistake. </p> <p>"Selling your company always means sacrificing control and risking its fate, and as we now know, online communities almost always fail after acquisition," Baio writes. "(<a class="hidden_link" href="http://www.businessinsider.com/blackboard/youtube">YouTube</a> is the rare exception, albeit one with billion-dollar momentum.) But Yahoo was a particularly horrible steward for the community."</p> <p>All Baio wants now is a permanent archive of Upcoming events, <a href="http://waxy.org/2013/04/how_you_can_save_upcoming/">a task that a team of "rogue archivists and programmers" is currently working on</a>. </p><p><strong>SEE ALSO: <a href="http://www.businessinsider.com/why-marissa-mayer-bought-a-30m-startup-2013-4" >YAHOO SOURCE: Here's The Real Reason Marissa Mayer Bought A 17-Year-Old's Startup For $30 Million</a></strong></p> <p><p>Please follow <a href="http://www.businessinsider.com/sai">SAI</a> on <a href="http://twitter.com/sai">Twitter</a> and <a href="http://facebook.com/businessinsider">Facebook</a>.</p><p><a href="http://www.businessinsider.com/yahoos-killing-off-upcoming-2013-4#comments">Join the conversation about this story »</a></p> http://www.businessinsider.com/google-just-bought-behavio-2013-4 Google Just Hired The Whole Team From Cool SXSW Startup, Behavio (GOOG) http://www.businessinsider.com/google-just-bought-behavio-2013-4 Fri, 12 Apr 2013 15:39:00 -0400 Julie Bort <p><img class="float_right" src="http://static6.businessinsider.com/image/51685cc5ecad044d1e000015-621-465-401-300/nadav%20aharony.jpg" border="0" alt="Nadav Aharony Google" width="401" height="300" /></p><p>In what looks like an acqui-hire, <a class="hidden_link" href="http://www.businessinsider.com/blackboard/google">Google</a> has bought tiny startup Behavio for an undisclosed sum.</p> <p>Behavio was a sensation at <a href="http://www.knightfoundation.org/blogs/knightblog/2012/3/14/funf-wins-sxsw-accelerator-competition-news-related-technologies-track/">last year's SXSW show</a>. It won a $355,000 grant from the Knight Foundation at the show for its tech that turns <a class="hidden_link" href="http://www.businessinsider.com/blackboard/android">Android</a> phones into data collection "sensors."</p> <p>Behavio's tech is an open source project called "FunF."</p> <p>Now that Behavio works for Google, the alpha test on FunF that Behavio was working on will be shut down, <a href="http://www.behav.io/">according to the Behavio website</a>. UPDATED: The FunF project will live on <span style="text-decoration: line-through;">as part of Google</span>.</p> <p>We heard from a Google spokesperson who says that the company is not taking on FunF as part of this acquisition. The Behavio team promised to keep working on FunF, but they will do so outside of their work at Google. In a separate email, Google told us that it didn't actually buy the company, either, it hired the whole team.</p> <p>It's not a total surprise that Google bought Behavio. It was lead by <a href="https://plus.google.com/u/0/108103718405192377230" target="_blank">Nadav Aharony</a> who worked at Google as a product manager in the Android team before getting a PhD at MIT Media Labs. Behavio's cofounders, Alan Gardner and Cody Sumter, are also heading to Google where they'll keep working on FunF, the Behavio website said.</p> <p>We've written before how smartphones are becoming more human, with the ability to see (camera), hear (mic), feel (touch/accelerometer), <a href="http://www.businessinsider.com/your-iphone-will-soon-detect-bad-breath-2013-1">even smell</a> and taste, thanks to sensors.</p> <p>FunF is going to let Android app developers tap into this almost-human population of phones to track trends in realtime.</p> <p>Amazing stuff.</p><p><strong>SEE ALSO: <a href="http://www.businessinsider.com/everything-we-know-about-microsofts-next-os-windows-blue-2013-4" >Everything We Know About Microsoft's Next Version Of Windows, 'Windows Blue'</a></strong></p> <p><p>Please follow <a href="http://www.businessinsider.com/sai">SAI</a> on <a href="http://twitter.com/sai">Twitter</a> and <a href="http://facebook.com/businessinsider">Facebook</a>.</p><p><a href="http://www.businessinsider.com/google-just-bought-behavio-2013-4#comments">Join the conversation about this story »</a></p> http://www.businessinsider.com/bii-mobile-insights-consumers-dont-want-the-blackberry-2013-44 Consumers Don't Want The BlackBerry http://www.businessinsider.com/bii-mobile-insights-consumers-dont-want-the-blackberry-2013-44 Fri, 12 Apr 2013 14:53:00 -0400 Heather Leonard <p><em><strong>Mobile Insights is a daily newsletter from <a href="https://intelligence.businessinsider.com/welcome?utm_source=House&utm_medium=Edit&utm_term=MI&utm_content=link&utm_campaign=BIIMobile">BI Intelligence</a> delivered first thing every morning exclusively to <a href="https://intelligence.businessinsider.com/welcome?utm_source=House&utm_medium=Edit&utm_term=MI&utm_content=link&utm_campaign=BIIMobile">BI Intelligence</a> subscribers. <a href="https://intelligence.businessinsider.com/welcome?utm_source=House&utm_medium=Edit&utm_term=MI&utm_content=link&utm_campaign=BIIMobile">Sign up for a free trial of BI Intelligence today</a>.</strong></em></p> <hr /><!-- START OF PROMO --> <div style="text-align: left; margin-bottom: 7px;"> </div> <!-- END OF PROMO --> <p><strong><img class="float_right" src="http://static3.businessinsider.com/image/5167f369eab8eaab11000001-720-540/slide1-37.jpg?maxX=400&maxY=300" border="0" alt="blackberry survey" width="400" height="300" style="float: right;" /><a href="http://bgr.com/2013/04/11/blackberry-consumer-interest-survey-430805/">Nearly Three Fourths Of Consumers Would Never Buy A BlackBerry</a> (BGR)<br /></strong>Consumer surveys haven’t been very kind to BlackBerry this week. In the wake an earlier survey showing that 83 percent of Americans had no idea BlackBerry 10 had even launched and 71 percent of consumers would never buy a BlackBerry under any circumstances. For comparison, just 20 percent of consumers surveyed said that nothing could convince them to buy an <a class="hidden_link" href="http://www.businessinsider.com/blackboard/iphone">iPhone</a> while just 31 percent said the same of <a class="hidden_link" href="http://www.businessinsider.com/blackboard/android">Android</a> phones. It goes without saying that this only underscores the challenges that BlackBerry faces in trying to win over consumers who are already very attached to both iOS and Android and suggests that the company faces a pretty low ceiling for how high its market share can climb. <a href="http://bgr.com/2013/04/11/blackberry-consumer-interest-survey-430805/">Read >></a></p> <p><strong><a href="http://www.mobilemarketer.com/cms/news/advertising/15133.html"><strong></strong></a><strong><a href="http://www.mobilemarketer.com/cms/news/advertising/15133.html">Google Exe</a>c: </strong>Mobile Is Biggest Revolution Since Internet (Mobile Marketer)</strong><br />A <a class="hidden_link" href="http://www.businessinsider.com/blackboard/google">Google</a> executive who keynoted the ad:tech San Francisco 2013 conference said that mobile is a critical piece in revolutionizing the advertising industry and the company is constantly rethinking everything it does because of the ever-changing and emerging space. During the Google keynote presenter was <a class="hidden_link" href="http://www.businessinsider.com/blackboard/susan-wojcicki">Susan Wojcicki</a>, senior vice president of advertising at Google. She talked about how the advertising space has changed over the years. Not only is the space changing quickly, but marketers need to implement a user-first mentality to drive participation. “If you fast forward 10 years, there are going to be even more interesting and more exciting things then the last 10 years,” she said. “There’s going to be more change and more dynamic." <a href="http://www.mobilemarketer.com/cms/news/advertising/15133.html">Read >></a></p> <p><strong><a href="http://money.cnn.com/gallery/magazines/fortune/2013/04/11/iphone-killer.fortune/">The Android That Could Crush The iPhone</a> (<a class="hidden_link" href="http://www.businessinsider.com/blackboard/cnn">CNN</a> Money)</strong><br />Technology reviewers are running out of superlatives to describe just how good it is. But they're not talking about the latest from <a class="hidden_link" href="http://www.businessinsider.com/blackboard/apple">Apple</a>. They're talking about an Android, the <a class="hidden_link" href="http://www.businessinsider.com/blackboard/htc">HTC</a> One. HTC's new flagship phone is out on April 19, and will cost $199 with a contract. By many, many, accounts, it is one the best phones ever made. And possibly the model that is finally better than an iPhone. Take a close look at what everyone is raving about. <a href="http://money.cnn.com/gallery/magazines/fortune/2013/04/11/iphone-killer.fortune/">Read >></a></p> <p><strong><a href="http://news.cnet.com/8301-13579_3-57579030-37/apple-could-unveil-killer-app-this-summer-says-analyst/">Apple Could Unveil Killer Payments App</a> (<a class="hidden_link" href="http://www.businessinsider.com/blackboard/morgan-stanley">Morgan Stanley</a> via CNet)</strong><br />Apple may shake up the next version of iOS with the introduction of a true mobile wallet, forecasts Morgan Stanley analyst Katy Huberty. Dubbed a "killer app" by the analyst, the mobile wallet feature would surface as part of iOS 7, which Apple is expected to preview at its Worldwide Developers Conference in June. Huberty's prediction echoes that of fellow Apple analyst <a class="hidden_link" href="http://www.businessinsider.com/blackboard/gene-munster">Gene Munster</a>, who also thinks a digital wallet is in Apple's future. However, Munster believes the technology won't surface on iOS devices for another year or two. <a href="http://news.cnet.com/8301-13579_3-57579030-37/apple-could-unveil-killer-app-this-summer-says-analyst/">Read >></a></p> <p><strong><a href="http://mobilesyrup.com/2013/04/11/mastercard-launches-masterpass-payment-platform-to-facilitate-shopping-on-the-web-or-mobile/">MasterCard Launches MasterPass Payment Platform</a> (MobileSyrup)</strong><br /><a class="hidden_link" href="http://www.businessinsider.com/blackboard/mastercard">MasterCard</a> has launched its long-awaited payment platform, MasterPass, to facilitate mobile payments on the Web and mobile devices. At its core, MasterPass is a locker, able to hold the information of up to 25 credit cards, even from issuers other than MasterCard. MasterPass can enable any number of payment methods, from single sign-in on partner site Grocery Gateway, to NFC- or Bluetooth-based mobile processing like Rogers’ Suretap product. “The goal is to make every connected device a commerce device,” says Jason Davies, Vice President of E-Commerce for MasterCard Canada, emphasizing that MasterPass is a fully-realized payment ecosystem rather than a mobile payment processor or end-of-transaction security verifier. MasterPass will first launch in Canada. <a href="http://mobilesyrup.com/2013/04/11/mastercard-launches-masterpass-payment-platform-to-facilitate-shopping-on-the-web-or-mobile/">Read >></a></p> <p><strong><a href="http://techcrunch.com/2013/04/11/backed-by-google-ventures-greylock-sold-launches-a-mobile-service-that-takes-the-hassle-out-of-selling-online/">Sold Launches A Mobile Selling Service</a> (<a class="hidden_link" href="http://www.businessinsider.com/blackboard/techcrunch">TechCrunch</a>)</strong><br />Rather than creating a new marketplace, Matthew Blackshaw, Tony DeVincenzi and Dávid Lakatos — straight outta MIT Media Lab — decided that the best way to add value in eCommerce is to fix the selling experience. So, the three amigos developed Sold, a startup and iOS app, to do just that. The startup aims to create a service layer on top of existing marketplaces rather than create a new one from scratch, while trying to simplify the way we sell online.  <a href="http://techcrunch.com/2013/04/11/backed-by-google-ventures-greylock-sold-launches-a-mobile-service-that-takes-the-hassle-out-of-selling-online/">Read >></a></p> <p><strong><a href="http://www.fiercemobilecontent.com/story/foursquare-nabs-41m-fuel-mobile-advertising-ambitions/2013-04-11">Foursquare Nabs $41 Million To Fuel Mobile Advertising</a> (Fierce Mobile Content)</strong><br /><a class="hidden_link" href="http://www.businessinsider.com/blackboard/foursquare">Foursquare</a> has secured $41 million in financing from private equity fund Silver Lake Partners and venture capital firms <a class="hidden_link" href="http://www.businessinsider.com/blackboard/andreessen-horowitz">Andreessen Horowitz</a>, <a class="hidden_link" href="http://www.businessinsider.com/blackboard/union-square-ventures">Union Square Ventures</a>, O'Reilly AlphaTech Ventures and <a class="hidden_link" href="http://www.businessinsider.com/blackboard/spark-capital">Spark Capital</a>. A multiyear loan from Silver Lake makes up the bulk of the money - the remainder is convertible debt that can later be swapped for shares. By assuming debt instead of giving investors equity stakes, Foursquare can delay discussions about its true market value. Previous investment rounds valued the mobile social networking startup at $600 million, although a source familiar with Foursquare's finances reveals the company raked in just $2 million in revenue in 2012.  <a href="http://www.fiercemobilecontent.com/story/foursquare-nabs-41m-fuel-mobile-advertising-ambitions/2013-04-11">Read >></a></p> <p><strong><a href="http://economictimes.indiatimes.com/news/international-business/nvidia-returns-1-bn-to-shareholders-mobile-flat/articleshow/19502151.cms">Nvidia Sees Flat Mobile Growth</a> (The Economic Times)</strong><br />Nvidia Co-founder and CEO <a class="hidden_link" href="http://www.businessinsider.com/blackboard/jen-hsun-huang">Jen-Hsun Huang</a> Huang told investors his company has sacrificed some sales of its Tegra mobile chips in the near term in order to focus on integrating Long Term Evolution (LTE) features on upcoming versions, making them compatible with high-end carrier networks. Combined with a slumping PC industry, that strategy is putting pressure on Nvidia in the first half of 2013, Huang told analysts at a conference. "We're confident that as we go into the second half, growth will return," he said. "How do we feel about the Tegra business? This year Tegra will be about flat."  <a href="http://economictimes.indiatimes.com/news/international-business/nvidia-returns-1-bn-to-shareholders-mobile-flat/articleshow/19502151.cms">Read >></a></p> <p><strong><a href="http://techcrunch.com/2013/04/10/has-facebook-quietly-acquired-osmeta-a-stealth-mobile-software-startup/">Facebook Acquires Mobile Software Startup Osmeta</a> (TechCrunch)</strong><br />While <a class="hidden_link" href="http://www.businessinsider.com/blackboard/facebook">Facebook</a> is building out a bolder role in mobile in the form of Facebook Home, it looks like it is also continuing to make acquisitions that will help bolster that strategy overall. We have learned that in the lead-up to the launch last week, the social network picked up Osmeta, a mobile software startup. Osmeta had yet to launch a commercial product, and it is not completely clear at this point if this is an acqui-hire or a technology deal as well.  <a href="http://techcrunch.com/2013/04/10/has-facebook-quietly-acquired-osmeta-a-stealth-mobile-software-startup/">Read >></a></p> <p><p>Please follow <a href="http://www.businessinsider.com/sai">SAI</a> on <a href="http://twitter.com/sai">Twitter</a> and <a href="http://facebook.com/businessinsider">Facebook</a>.</p><p><a href="http://www.businessinsider.com/bii-mobile-insights-consumers-dont-want-the-blackberry-2013-44#comments">Join the conversation about this story »</a></p> http://www.businessinsider.com/amazon-goodreads-purchase-price-2013-3 People Are Howling About The $1 Billion Price BusinessWeek Made Up For Amazon's Goodreads Acquisition (AMZN) http://www.businessinsider.com/amazon-goodreads-purchase-price-2013-3 Fri, 29 Mar 2013 15:36:35 -0400 Owen Thomas <p><img class="float_right" src="http://static3.businessinsider.com/image/4fd2295aeab8ea6919000002-620-465-400-300/screen%20shot%202012-06-08%20at%2010.56.26%20am.jpg" border="0" alt="goodreads facebook app" width="400" height="300" /></p><p><a class="hidden_link" href="http://www.businessinsider.com/blackboard/bloomberg">Bloomberg</a> Businessweek just published a <a href="http://www.businessweek.com/articles/2013-03-29/amazon-likely-paid-1-billion-for-goodreads">very strange article</a> trying to guess how much <a class="hidden_link" href="http://www.businessinsider.com/blackboard/amazoncom">Amazon</a> paid for Goodreads, a social network where people share what books they're reading.</p> <p>In essence, the writer, Kyle Stock, tried to find comparables in recent IPOs and private financings to arrive at a value per user for social websites, comparing Goodreads to Twitter, <a class="hidden_link" href="http://www.businessinsider.com/blackboard/linkedin">LinkedIn</a>, Pinterest, and <a class="hidden_link" href="http://www.businessinsider.com/blackboard/instagram">Instagram</a>. He came up with a figure of $880 million, which he rounded up to $1 billion.</p> <p>Three problems with that:</p> <ul> <li><span style="font-size: 15px; line-height: 1.5em;">Amazon did not disclose a price for the acquisition. Had it been as high as $880 million, let alone $1 billion, the company would likely have had to disclose it as a material transaction. (Stock acknowledges the materiality issue in an aside, but that observation should have prompted him to rethink the entire premise of his story.)</span></li> </ul> <ul> <li><span style="font-size: 15px; line-height: 1.5em;">Investors value different companies in different ways. Instagram, for example, was valued so highly by <a class="hidden_link" href="http://www.businessinsider.com/blackboard/facebook">Facebook</a> not because of its revenues—it had none—but because it threatened Facebook's core photo-sharing franchise. LinkedIn, by contrast, is valued highly by investors not primarily based on its number of users but how well it monetizes them through diversified revenue streams.<br /><br /></span><span style="font-size: 15px; line-height: 1.5em;">Technology consultant <a class="hidden_link" href="http://www.businessinsider.com/blackboard/anil-dash">Anil Dash</a> tore Stock apart in a comment on the piece:<br /><br /></span><span style="font-size: 15px; line-height: 1.5em;">"This valuation is preposterous, because the methodology is preposterous. There is zero evidence that either the markets or investors use some arbitrary 'multiply users by a dollar amount' calculation to determine a valuation for these companies. Using such a formula to arrive at an absurd number is especially egregious here because people will now use the authority of this publication to say 'Businessweek reports that Goodreads sold for a billion dollars,' though that's almost certainly not the case."</span></li> </ul> <ul> <li><span style="font-size: 15px; line-height: 1.5em;">Lastly, AllThingsD's Kara Swisher actually talked to some sources and asked them how much Amazon paid for Goodreads, which raised almost $3 million from angel investors and True Ventures. They </span><a href="http://allthingsd.com/20130329/actually-amazon-paid-about-150-million-for-goodreads/">told her the real number was $150 million</a><span style="font-size: 15px; line-height: 1.5em;">.</span></li> </ul> <p><p>Please follow <a href="http://www.businessinsider.com/sai">SAI</a> on <a href="http://twitter.com/sai">Twitter</a> and <a href="http://facebook.com/businessinsider">Facebook</a>.</p><p><a href="http://www.businessinsider.com/amazon-goodreads-purchase-price-2013-3#comments">Join the conversation about this story »</a></p> http://www.businessinsider.com/guy-who-hates-to-be-a-curmudgeon-explains-why-yahoo-buying-a-17-year-olds-startup-for-30-million-makes-no-sense-2013-3 Guy Who 'Hates To Be A Curmudgeon' Explains Why Yahoo Buying A 17-Year-Old's Startup For $30 Million Makes No Sense http://www.businessinsider.com/guy-who-hates-to-be-a-curmudgeon-explains-why-yahoo-buying-a-17-year-olds-startup-for-30-million-makes-no-sense-2013-3 Tue, 26 Mar 2013 09:30:00 -0400 Alyson Shontell <p class="p1"><img class="float_right" src="http://static3.businessinsider.com/image/50c6163269bedd0f08000003-443-332-400-/stressed-student-millennial-gen-y-sad-angry-emotional.png" border="0" alt="stressed, student, millennial, gen y, sad, angry, emotional" width="400" /></p><p>When a startup sells for multiple millions, other founders are left reeling.</p> <p class="p1">"Why him, not me?" they wonder.</p> <p class="p1"><span style="font-size: 15px; line-height: 1.5em;">One Y Combinator founder, Origami's Vibhu Norby, vented publicly about this in a post that rose to the top of Hacker News over night. His article, <a href="http://philosophically.com/the-summly-deal-makes-no-sense">"The Summly deal makes no sense"</a> details <a class="hidden_link" href="http://www.businessinsider.com/blackboard/yahoo">Yahoo</a>'s acquisition of 17-year-old Nick D'Aloisio's startup for $30 million.</span></p> <p class="p1"><span style="font-size: 15px; line-height: 1.5em;"></span><span class="s1" style="font-size: 15px; line-height: 1.5em;">"</span><span style="font-size: 15px; line-height: 1.5em;">I hate to be a curmudgeon, but I think Yahoo shareholders deserve an explanation," he wrote. "<span>It's not clear at all to me that they are getting their money's worth."</span></span></p> <p class="p1"><span style="font-size: 15px; line-height: 1.5em;"><span></span></span><span style="font-size: 15px; line-height: 1.5em;">He makes some valid points.</span></p> <ul> <li><span style="font-size: 15px; line-height: 1.5em;">Summly doesn't make any money</span></li> <li><span style="font-size: 15px; line-height: 1.5em;">Summly doesn't have one million users</span></li> <li><span style="font-size: 15px; line-height: 1.5em;">Only two of its five employees passed a Yahoo technical/CS screening test.</span></li> <li><span style="font-size: 15px; line-height: 1.5em;">Yahoo doesn't plan to use Summly. It plans to shut down the app. So it really spent all that money to acquire a teenager and a colleague or two.</span></li> </ul> <p class="p4"><span style="font-size: 15px; line-height: 1.5em;">Understandably, Norby is confused. </span></p> <p class="p4"><span style="font-size: 15px; line-height: 1.5em;">"The craziest thing is that there are a lot of really qualified, CS-beefy teams doing really amazing things in the mobile news/discovery space these days - and that would definitely take a $30m acquisition offer or less," he writes. "I don't really understand why they picked this one."</span></p> <p class="p6"><span style="font-size: 15px; line-height: 1.5em;">We're not sure either. Here's our best guess into Yahoo's thought process.</span></p> <ul> <li><span style="font-size: 15px; line-height: 1.5em;">D'Aloisio is a hustler. His investor list includes <a class="hidden_link" href="http://www.businessinsider.com/blackboard/airbnb">Airbnb</a> CEO <a class="hidden_link" href="http://www.businessinsider.com/blackboard/brian-chesky">Brian Chesky</a>, <a class="hidden_link" href="http://www.businessinsider.com/blackboard/zynga">Zynga</a> CEO <a class="hidden_link" href="http://www.businessinsider.com/blackboard/mark-pincus">Mark Pincus</a>, Lady Gaga's manager Troy Carter, Automattic's Matt Mullenweg, Ashton Kutcher, Wendy Murdoch, and Yoko Ono. </span></li> <li><span style="font-size: 15px; line-height: 1.5em; color: #222222;">It's possible that, in addition to wanting D'Aloisio's hustle and teenage, <a href="http://allthingsd.com/20121213/mobilemobilemobile-yahoo-eyes-hipster-teen-founded-summly-news-app/">One Direction-y good looks</a> for a marketing spokesperson position, Yahoo wanted to make all those big names in California happy.</span></li> <li><span style="color: #222222; font-size: 15px; line-height: 1.5em;">Yahoo also knew acquiring a 17-year-old's startup would get a lot of press. </span></li> <li><span style="font-size: 15px; line-height: 1.5em; color: #222222;">Marissa Mayer has spoken publicly about her acquisition strategies, and Summly fits the bill. It's a mobile app, and Mayer is looking to onboard mobile talent. It was also a relatively cheap acquisition.</span></li> </ul> <p class="p2"><span style="font-size: 15px; line-height: 1.5em;">Is Summly worth $30 million? Probably not. But that makes the win even better for D'Aloisio (who wasn't even born yet when Yahoo was founded) and his investors.</span></p> <p><p>Please follow <a href="http://www.businessinsider.com/sai">SAI</a> on <a href="http://twitter.com/sai">Twitter</a> and <a href="http://facebook.com/businessinsider">Facebook</a>.</p><p><a href="http://www.businessinsider.com/guy-who-hates-to-be-a-curmudgeon-explains-why-yahoo-buying-a-17-year-olds-startup-for-30-million-makes-no-sense-2013-3#comments">Join the conversation about this story »</a></p> http://www.businessinsider.com/17-year-old-startup-millionaire-want-to-be-like-me-just-do-it-2013-3 17-Year-Old Startup Millionaire: Want to Be LIke Me? 'Just Do It' http://www.businessinsider.com/17-year-old-startup-millionaire-want-to-be-like-me-just-do-it-2013-3 Tue, 26 Mar 2013 07:51:00 -0400 Reuters <p><img class="float_right" src="http://static3.businessinsider.com/image/51518b4b69bedd4e64000003-686-515-400-/summly-ceo-nick-dalisio-4.jpg" border="0" alt="Summly CEO Nick D'Alisio" width="400" /></p><p>LONDON, March 25 (<a class="hidden_link" href="http://www.businessinsider.com/blackboard/reuters">Reuters</a>) - Got a tech idea and want to make a fortune before you're out of your teens? Just do it, is the advice of the London schoolboy who's just sold his smartphone news app to <a class="hidden_link" href="http://www.businessinsider.com/blackboard/yahoo">Yahoo</a> for a reported $30 million.</p> <p>The money is there, just waiting for clever new moves, said 17-year-old Nick D'Aloisio, who can point to a roster of early backers for his Summly app that includes Yoko Ono and <a class="hidden_link" href="http://www.businessinsider.com/blackboard/rupert-murdoch">Rupert Murdoch</a>.</p> <p>"If you have a good idea, or you think there's a gap in the market, just go out and launch it because there are investors across the world right now looking for companies to invest in," he told Reuters in a telephone interview late on Monday.</p> <p>The terms of the sale, four months after Summly was launched for the <a class="hidden_link" href="http://www.businessinsider.com/blackboard/iphone">iPhone</a>, have not been disclosed and D'Aloisio, who is still studying for school exams while joining Yahoo as its youngest employee, was not saying. But technology blog AllThingsD said Yahoo paid roughly $30 million.</p> <p>D'Aloisio said he was the majority owner of Summly and would now invest the money from the sale, though his age imposes legal limits for now on his access to it.</p> <p>"I'm happy with that and working with my parents to go through that whole process," he said.</p> <p>D'Aloisio, who lives in the prosperous London suburb of Wimbledon, highlights the support of family and school, which gave him time off, but also, critically, the ideas that came with enthusiastic financial backers.</p> <p>He had first dreamt up the mobile software while revising for a history exam two years ago, going on to create a prototype of the app that distils news stories into chunks of text readable on small smartphone screens.</p> <p>He was inspired, he said, by the frustrating experience of trawling through <a class="hidden_link" href="http://www.businessinsider.com/blackboard/google">Google</a> searches and separate websites to find information when revising for the test.</p> <p>Trimit was an early version of the app, which is powered by an algorithm that automatically boils down articles to about 400 characters. It caught the eye of Horizons Ventures, a venture capital firm owned by Hong Kong billionaire Li Ka-shing, which put in $250,000.</p> <p>That investment attracted other celebrity backers, among them Hollywood actor Ashton Kutcher, British broadcaster Stephen Fry, artist Ono, the widow of Beatle John Lennon, and <a class="hidden_link" href="http://www.businessinsider.com/blackboard/news-corp">News Corp</a> media mogul Murdoch.</p> <p>That all added up to maximum publicity when Summly launched in November 2012, but the backers brought more than just cash for an app that has been downloaded close to a million times.</p> <p>"It's been super-exciting, (the investors) found out about it in 2012 once the original investment from Li Ka-shing had gone public," said D'Aloisio. "They all believed in the idea, but they all offered different experiences to help us out."</p> <p>His business has worked with around 250 content publishers, he said, such as News Corp's Wall Street Journal. People reading the summaries can easily click through to the full article, driving traffic to newspaper websites.</p> <p>"The great deal about joining Yahoo is that they have a lot of publishers, they have deals with who we can work with now," D'Aloisio said.</p> <p>He taught himself to code at age 12 after Apple's App Store was launched, creating several apps including Facemood, a service which analysed sentiment to determine the moods of <a class="hidden_link" href="http://www.businessinsider.com/blackboard/facebook">Facebook</a> users, and music discovery service SongStumblr.</p> <p>He has started A-levels - English final school exams - in maths, physics and philosophy, and plans to continue his studies while also working at Yahoo's offices in London. He aims to go to university to study humanities.</p> <p>Although he has created an app worth millions, D'Aloisio says he is not a stereotyped computer geek.</p> <p>"I like playing sport," he said. "I'm a bit of a design enthusiast, and like spending time with my girlfriend and mates."</p> <div class="nc_footer"> <p>Copyright (2013) Thomson Reuters. <a href="http://thomsonreuters.com/products_services/media/brand_guidelines/legal_notice/">Click for restrictions</a></p> </div> <p><img class="nc_pixel" src="http://pixel.newscred.com/px.gif?key=YXJ0aWNsZT00ZTMzOTM1OGU1NzczMzMzOGExMzg2MmFkNzkyNzI0NiZvd25lcj1lMjI0N2Q1MGI3OThiNGFmYmY4ZWMwMzI0YmY4MDI1YSZub25jZT1mMjY1YmEzYS1kMGY4LTQzODMtOTc4MS1jMzE2N2I5NDQ5OGYmcHVibGlzaGVyPThjMDBmYmVlNjFkNWJjZjBjNjA5MmQ4YjkyZWJiY2Ex" border="0" alt="" width="1" height="1" /></p> <p><p>Please follow <a href="http://www.businessinsider.com/sai">SAI</a> on <a href="http://twitter.com/sai">Twitter</a> and <a href="http://facebook.com/businessinsider">Facebook</a>.</p><p><a href="http://www.businessinsider.com/17-year-old-startup-millionaire-want-to-be-like-me-just-do-it-2013-3#comments">Join the conversation about this story »</a></p> http://www.businessinsider.com/chart-of-the-day-yahoo-stock-under-marissa-mayer-2013-3 CHART OF THE DAY: Yahoo Shares Are Quietly Soaring Under Marissa Mayer (YHOO) http://www.businessinsider.com/chart-of-the-day-yahoo-stock-under-marissa-mayer-2013-3 Mon, 25 Mar 2013 17:43:00 -0400 Jay Yarow <p>When you weren't looking, <a class="hidden_link" href="http://www.businessinsider.com/blackboard/yahoo">Yahoo</a>'s stock soared 50 percent in the last year. In this chart, we mark off the major events since Marissa Mayer was named CEO.</p> <p>The three big reasons for the stock's lift: Mayer brings some excitement to the company, she's returning billions in cash to shareholders, and Yahoo still has valuable stakes in Asian tech companies.</p> <p>This is a nice lift, but it's also something of a sugar high. Yahoo's fundamental earnings performance hasn't improved dramatically. All the goodwill Mayer has built with investors could evaporate if she doesn't improve its business.</p> <p><img src="http://static2.businessinsider.com/image/5150bd10eab8ea2050000000-940-705-618-/sai-cotd-032513.jpg" border="0" alt="Chart of the day shows yahoo stock under marissa mayer, march 2013" width="618" /></p> <p><p>Please follow <a href="http://www.businessinsider.com/sai">SAI</a> on <a href="http://twitter.com/sai">Twitter</a> and <a href="http://facebook.com/businessinsider">Facebook</a>.</p><p><a href="http://www.businessinsider.com/chart-of-the-day-yahoo-stock-under-marissa-mayer-2013-3#comments">Join the conversation about this story »</a></p> http://www.businessinsider.com/cisco-buys-solvedirect-2013-3 Cisco Is Keeping Its Promise Not To Buy Companies In The US (CSCO) http://www.businessinsider.com/cisco-buys-solvedirect-2013-3 Mon, 25 Mar 2013 13:31:54 -0400 Julie Bort <p><img class="float_right" src="http://static5.businessinsider.com/image/51507c6869bedd403400000f-606-455-400-300/john-chambers-7.jpg" border="0" alt="John Chambers" width="400" height="300" /></p><p><a class="hidden_link" href="http://www.businessinsider.com/blackboard/cisco">Cisco</a> today announced it has acquired SolveDirect for an undisclosed sum.</p> <p>SolveDirect makes technology that helps enterprises connect to multiple clouds and share data among them. This is a good move for Cisco's portfolio as it tries to remake itself into a bigger enterprise player, beyond selling networking equipment.</p> <p>But the buy is interesting for another reason. SolveDirect is based in Vienna, Austria. This marks Cisco's third acquisition in 2013 — none of them of U.S. companies.</p> <p>Last month, Cisco CEO <a class="hidden_link" href="http://www.businessinsider.com/blackboard/john-chambers">John Chambers</a> said that he was no longer willing to use the company's $46 billion in cash to acquire U.S. companies until the U.S. changes its tax code.</p> <p>That's because 80 percent of that cash is parked overseas, where most of it was also earned. If Cisco brings it back to spend it in the U.S., the company will have to fork over 35 percent in taxes. Chambers has been trying to get the U.S. to lower that tax rate for years.</p> <p>The Senate's Republican Policy Committee has <a href="http://www.rpc.senate.gov/policy-papers/territorial-vs-worldwide-taxation">argued</a> that the U.S. approach to taxing overseas earnings disadvantages U.S. companies, because most countries take a "territorial" approach to taxing income, taxing it based on where it's earned.</p> <p>Cisco has historically been a company that acquires like crazy, particularly in the U.S.  For instance, in 2012, Cisco bought 11 companies, nine of them in the U.S. and two overseas. But one of those overseas companies was a big purchase—the U.K.-based NDS Group for $5 billion.</p><p><strong>SEE ALSO: <a href="http://www.businessinsider.com/whos-hiring-these-10-tech-companies-have-the-most-job-openings-2013-3" >WHO'S HIRING? These 10 Tech Companies Have The Most Job Openings</a></strong></p> <p><p>Please follow <a href="http://www.businessinsider.com/enterprise">SAI: Enterprise</a> on <a href="http://twitter.com/bi_enterprise">Twitter</a> and <a href="http://facebook.com/businessinsider">Facebook</a>.</p><p><a href="http://www.businessinsider.com/cisco-buys-solvedirect-2013-3#comments">Join the conversation about this story »</a></p> http://www.businessinsider.com/after-2-years-teen-sells-startup-summly-to-yahoo-for-30-million-2013-3 A Startup Dream Come True http://www.businessinsider.com/after-2-years-teen-sells-startup-summly-to-yahoo-for-30-million-2013-3 Mon, 25 Mar 2013 10:39:00 -0400 Alyson Shontell <p class="p1"><span style="font-size: 15px; line-height: 1.5em;"><img class="float_right" src="http://static1.businessinsider.com/image/5150666b6bb3f7ee09000012-692-519-400-/summly-ceo-nick-dalisio-3.jpg" border="0" alt="Summly CEO Nick D'Alisio" width="400" />When Nick D'Aloisio was fifteen, he founded Summly.</span></p> <p class="p2"><span style="font-size: 15px; line-height: 1.5em;">Summly is a mobile news aggregation app that doesn't make any money, but no matter. Today, <a href="http://www.businessinsider.com/yahoo-buys-summly-2013-3">D'Aloisio sold his startup</a> to <a href="http://allthingsd.com/20130325/yahoo-acquires-hipster-mobile-news-reader-summly-like-we-said-it-might/?mod=tweet">Yahoo for close to $30 million</a>, AllThingsD reports. It's not clear how much of the deal was cash versus stock. Either way, it's a lofty exit for a 17-year-old – or anyone for that matter.</span></p> <p class="p2"><span style="font-size: 15px; line-height: 1.5em;"><a class="hidden_link" href="http://www.businessinsider.com/blackboard/yahoo">Yahoo</a> plans to shut down D'Aloisio's company. So why'd it spend $30 million on a kid?</span></p> <p class="p2"><span style="font-size: 15px; line-height: 1.5em;">The buyout fits every hint Marissa Mayer has dropped about her acquisition plans:</span></p> <ul> <li>She's bringing talent into Yahoo</li> <li>She's targeting mobile developers and engineers</li> <li>She's investing in a relatively cheap social startup that she and Yahoo can try and grow into a much bigger business.</li> <li>The acquisition was <a href="http://www.businessinsider.com/marissa-mayer-yahoo-acquisition-size-2012-10">in the right price range</a>.</li> <li>Other recent acquisitions that also fit the bill: Stamped, Alike </li> </ul> <p><span style="line-height: 22.5px;">How's D'Aloisio feeling right now? "Truly excited," he tweets.</span></p> <p><span style="line-height: 22.5px;">Here's his blog post with the announcement this morning:</span></p> <p style="padding-left: 30px;">In true Summly fashion, I will keep this short and sweet.</p> <p style="padding-left: 30px;">I am delighted to announce Summly has signed an agreement to be acquired by Yahoo!. Our vision is to simplify how we get information and we are thrilled to continue this mission with Yahoo!'s global scale and expertise. After spending some time on campus, I discovered that Yahoo! has an inspirational goal to make people's daily routines entertaining and meaningful, and mobile will be a central part of that vision. For us, it's the perfect fit.</p> <p style="padding-left: 30px;">When I founded Summly at 15, I would have never imagined being in this position so suddenly. I'd personally like to thank Li Ka-Shing and Horizons Ventures for having the foresight to back a teenager pursuing his dream. Also to our investors, advisors and of course the fantastic team for believing in the potential of Summly. Without you all, this never would have been possible. I'd also like to thank my family, friends and school for supporting me.</p> <p style="padding-left: 30px;">Most importantly, thank you to our wonderful users who have helped contribute to us receiving Apple's Best Apps of 2012 award for Intuitive Touch! We will be removing Summly from the App Store today but expect our summarization technology will soon return to multiple Yahoo! products - see this as a ‘power nap' so to speak.</p> <p style="padding-left: 30px;">With over 90 million summaries read in just a few short months, this is just the beginning for our technology. As we move towards a more refined, liberated and intelligent mobile web, summaries will continue to help navigate through our ever expanding information universe.</p> <p style="padding-left: 30px;">Sincerely,</p> <p style="padding-left: 30px;">Nick<br />Founder</p><p><strong>SEE ALSO: <a href="http://www.businessinsider.com/10-under-30-founders-who-has-100-million-exits-2011-9" >10 Founders Under 30 Who Sold Their Startups For $100 Million Or More</a></strong></p> <p><strong>SEE ALSO: <a href="http://www.businessinsider.com/how-i-sold-my-startup-for-100-million-at-age-21-2011-7" >21-YEAR-OLD TELLS ALL: Here's How I Sold That Startup For $100 Million</a></strong></p> <p><strong>SEE ALSO: <a href="http://www.businessinsider.com/wiley-cerilli-2012-6" >What It Feels Like To Wake Up At 32 With Everything You've Ever Wanted</a></strong></p> <p><p>Please follow <a href="http://www.businessinsider.com/sai">SAI</a> on <a href="http://twitter.com/sai">Twitter</a> and <a href="http://facebook.com/businessinsider">Facebook</a>.</p><p><a href="http://www.businessinsider.com/after-2-years-teen-sells-startup-summly-to-yahoo-for-30-million-2013-3#comments">Join the conversation about this story »</a></p> http://www.businessinsider.com/apple-buys-wifislam-2013-3 Apple Just Bought An Indoor GPS Company (AAPL) http://www.businessinsider.com/apple-buys-wifislam-2013-3 Sun, 24 Mar 2013 10:06:00 -0400 Kevin Smith <p><img class="float_right" src="http://static3.businessinsider.com/image/5141c61eeab8ea0b1c000012-904-677-401-300/tim-cook-8.png" border="0" alt="Tim Cook" width="401" height="300" /></p><p><a class="hidden_link" href="http://www.businessinsider.com/blackboard/apple">Apple</a> has bought indoor GPS company, <a href="https://angel.co/wifislam">WifiSlam</a>, <a href="http://blogs.wsj.com/digits/2013/03/23/apple-acquires-indoor-location-company-wifislam/">reports The Wall Street Journal</a>.</p> <p>The acquisition cost Apple about $20 million and proves that the <a class="hidden_link" href="http://www.businessinsider.com/blackboard/iphone">iPhone</a> maker is serious about improving its Maps offering, a space that <a class="hidden_link" href="http://www.businessinsider.com/blackboard/google">Google</a> currently dominates.</p> <p>WifiSlam is just two years old, but during that time the start-up has focused on technology that  can detect a smartphone user's location in a building using Wi-Fi signals, the Journal says.</p> <p><span style="line-height: 1.5em;">Before Apple bought WifiSlam the company was offering its technology to app developers for indoor mapping and new types of retail and social networking apps. </span></p> <p><span style="line-height: 1.5em;"><span>Apple's fiercest competitor, Google, already offers indoor mapping in certain locations like airports, shopping centers, and sports venues. Users can virtually explore these places street-view style.</span></span></p> <p><span style="line-height: 1.5em;">Here's the official statement <a href="http://blogs.wsj.com/digits/2013/03/23/apple-acquires-indoor-location-company-wifislam/">Apple gave to the WSJ</a>:</span></p> <p style="padding-left: 60px;"><span style="line-height: 1.5em;"><span><span>An Apple spokesman confirmed the deal saying the company 'buys smaller technology companies from time to time' and generally doesn’t discuss its plans. He declined to comment further. WifiSLAM could not immediately be reached for comment.</span></span></span></p> <p><p>Please follow <a href="http://www.businessinsider.com/sai">SAI</a> on <a href="http://twitter.com/sai">Twitter</a> and <a href="http://facebook.com/businessinsider">Facebook</a>.</p><p><a href="http://www.businessinsider.com/apple-buys-wifislam-2013-3#comments">Join the conversation about this story »</a></p> http://www.businessinsider.com/yahoo-is-in-talks-to-buy-a-big-stake-in-video-site-dailymotion-2013-3 Yahoo Is In Talks To Buy A Big Stake In Video Site Dailymotion (YHOO) http://www.businessinsider.com/yahoo-is-in-talks-to-buy-a-big-stake-in-video-site-dailymotion-2013-3 Wed, 20 Mar 2013 07:18:30 -0400 Jay Yarow <p><img class="float_right" src="http://static3.businessinsider.com/image/51499a956bb3f7a618000010-452-339-380-285/marissa-mayer-makers-interview.png" border="0" alt="marissa mayer makers interview" width="380" height="285" /></p><p><a class="hidden_link" href="http://www.businessinsider.com/blackboard/yahoo">Yahoo</a> CEO Marissa Mayer could be on the cusp of her first big acquisition-like move.</p> <p><a class="hidden_link" href="http://www.businessinsider.com/blackboard/wall-street-journal">The Wall Street Journal</a> reports <a href="http://online.wsj.com/article_email/SB10001424127887324323904578370721114852766-lMyQjAxMTAzMDEwOTExNDkyWj.html">Yahoo is in talks to buy 75 percent of Dailymotion</a>, a YouTube-esque video service that's popular in Europe.</p> <p><a href="http://www.dailymotion.com/us">Dailymotion</a> is owned by a French Telecom. It's sort of a mess of different videos. Some are user generated, some are professional.</p> <p>Yahoo would buy the stake at $300 million valuation with an option to buy the remaining 25 percent later, says the Journal.</p> <p>Yahoo's HR leader Jackie Rees told employees recently <a href="http://www.businessinsider.com/yahoo-acquisitions-2013-3">Yahoo was working on two large acquisitions</a>. A lot of names have been floated around since then.</p> <p>We're not sure how <a class="hidden_link" href="http://www.businessinsider.com/blackboard/dailymotion">Dailymotion</a> fits Mayer's vision for Yahoo. It's never struck us as a great technology or media property. And, it's not a big mobile property as far as we can tell.</p> <p>However, the Journal says it had 116 million unique visitors in January, making it the twelfth biggest site in the world. It's also popular outside of the U.S., which could be valuable to Yahoo since it's largely a U.S. based business.</p> <p><p>Please follow <a href="http://www.businessinsider.com/sai">SAI</a> on <a href="http://twitter.com/sai">Twitter</a> and <a href="http://facebook.com/businessinsider">Facebook</a>.</p><p><a href="http://www.businessinsider.com/yahoo-is-in-talks-to-buy-a-big-stake-in-video-site-dailymotion-2013-3#comments">Join the conversation about this story »</a></p> http://www.businessinsider.com/oracles-acquisition-of-startup-nimbula-last-week-is-strangely-hush-hush-2013-3 Oracle's Acquisition Of Startup Nimbula Last Week Is Strangely Hush Hush (ORCL) http://www.businessinsider.com/oracles-acquisition-of-startup-nimbula-last-week-is-strangely-hush-hush-2013-3 Tue, 19 Mar 2013 19:00:15 -0400 Julie Bort <p><img class="float_right" src="http://static6.businessinsider.com/image/50f8c456eab8ea7b18000022-620-449-414-300/larry-ellison-speech.png" border="0" alt="Larry Ellison" width="414" height="300" /></p><p><a class="hidden_link" href="http://www.businessinsider.com/blackboard/oracle">Oracle</a> reports its earnings tomorrow and one thing everyone will be listening for is progress with Oracle's cloud.</p> <p>The cloud has been the subject of a lot of Ellison's smack talk in recent months and many billions of dollars in acquisitions, including one last week, Nimbula.</p> <p>Nimbula makes cloud management software but it's bigger claim to fame is that it was founded by Chris Pinkham, one of the people who created <a class="hidden_link" href="http://www.businessinsider.com/blackboard/amazoncom">Amazon</a>'s cloud. Nimbula's cofounder, Willem van Biljon, also helped build the Amazon cloud.</p> <p>Although both companies announced the acquisition, the two were strangely tight-lipped about any other details. We asked Pinkham to confirm that he was now working at Oracle and he wasn't even allowed to comment on that.</p> <p>Presumably he is, because Oracle greatly needs his expertise. In January, Oracle announced <a href="http://www.businessinsider.com/oracle-cloud-computing-2013-1">plans to try and compete with Amazon</a> with a clever scheme that involves customers renting Oracle hardware loaded with its software.</p> <p>But Oracle can't really launch a true Amazon competitor. That's because, despite Oracle's biggest ever R&D effort, a six-year project called Fusion, <a href="http://www.businessinsider.com/oracles-customers-are-not-interested-in-its-uber-important-new-cloud-analyst-says-2013-2">its apps still don't work on a traditional cloud infrastructure</a>. They can't be shared, a concept called multitenancy. And sharing is one way to make cloud computing cheaper.</p> <p>Pinkham and van Biljon could presumably help with that, if they're are actually working for Oracle.</p> <p>Sources say that other Nimbula execs are moving to Oracle, such as Reza Malekzadeh, vice president of sales, who came to Nimbula from <a class="hidden_link" href="http://www.businessinsider.com/blackboard/vmware">VMware</a>.</p> <p>Malekzadeh <a href="https://twitter.com/malekzadeh/status/311958431420514304">joked on Twitter</a> that "The America's Cup tickets were too good to say no to!" and that he's now trying to get an invite to see the world class sailing race from Ellison's yacht.</p> <p><em>Are you an insider with information about Oracle and Nimbula to share? We want to hear it. We are discreet. <a href="https://twitter.com/#!/julie188">@Julie188</a> on Twitter or <a href="mailto:jbort@businessinsider.com">jbort@businessinsider.com</a>.</em></p><p><strong>SEE ALSO: <a href="http://www.businessinsider.com/ex-oracle-exec-plots-his-revenge-2013-3" >Ex-Oracle Exec Plots His 'Revenge,' 3 Years Later</a></strong></p> <p><p>Please follow <a href="http://www.businessinsider.com/enterprise">SAI: Enterprise</a> on <a href="http://twitter.com/bi_enterprise">Twitter</a> and <a href="http://facebook.com/businessinsider">Facebook</a>.</p><p><a href="http://www.businessinsider.com/oracles-acquisition-of-startup-nimbula-last-week-is-strangely-hush-hush-2013-3#comments">Join the conversation about this story »</a></p>	M&A	1	[ { "label": "M&A", "score": 1 } ]
BuzzFeed, Refinery29, and Group Nine Media Say They're Positioned to Acquire 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 2019 is expected to be another terrible year for media brands, but publishers like BuzzFeed and Refinery29 have a plan to survive Lucia Moses 2019-01-17T11:00:00Z 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 BuzzFeed CEO Jonah Peretti. Getty Images/Michael Kovac This story is available exclusively to Insider subscribers. Become an Insider and start reading now. Redeem now 2019 looks to be a punishing year for venture-capital-backed media companies whose advertising growth has slowed.But the heads of BuzzFeed, Refinery29, and Group Nine Media say they're bullish on their futures.The execs say they're well positioned because they've been diversifying beyond advertising and see themselves as acquirers.Media outlets backed by venture-capital firms have become associated with stalled growth, layoffs, and fire sales. BuzzFeed CEO Jonah Peretti even floated the idea to The New York Times that a merger of a few of them — BuzzFeed, Vice, Vox Media, Group Nine Media, and Refinery29 — could be the way to survive.But the CEOs of some of these companies are standing their ground, saying they're set up to be the acquirers in a declining market for digital advertising."Having a brand that stands for something has always been a differentiator for us," Refinery29 cofounder and CEO Philippe von Borries told Business Insider. "We're still a significant business with longevity."Read more: With media-merger talk swirling, Vox Media says it will evaluate partnerships and acquisitionsThe women's lifestyle publisher was founded in 2005 and raised $125 million as of 2016 from Turner, Scripps Networks, and Hearst. It went through two rounds of layoffs, in 2017 and 2018, and isn't profitable yet. It's going to be another tough year, von Borries said. But given that the company started with an email product, it's not in the same boat as other digital-media companies like Mic that started later and built big but fleeting audiences on Facebook, he argued."We launched in 2005, when building an audience was the hardest possible task in the world," he said. "You had to build it one subscriber at a time. A lot of people hitched their wagons to third-party platforms where most of the revenue never showed up. We feel like we have the more relevant and differentiated brand with our audience."Refinery is still reliant on advertising. Seventy percent of its revenue is advertising, with the rest coming from events and other sources. The plan is to keep growing the non-ad portion this year by expanding live events, growing internationally through advertising, and selling high-quality video to streaming services.And von Borries said he's looking at companies to acquire in areas like events and direct-to-consumer businesses. "There's significant opportunity for us to be a consolidator," he said. "There's interesting businesses to roll up. I want the business to be relevant and meaningful 10 years from now. And one way is to acquire, but if there's an amazing company that would allow us to accelerate our vision, of course that's something we will consider."Publishers' millennial pitch is losing relevanceStill, investor interest in funding advertising-based businesses is drying up. And long-form, high-quality video is expensive to make, the sales cycle is long, and the profits are low compared to advertising."The biggest challenge they have is that the defining characteristic of millennials is, there is no defining characteristic," said Chris Wexler, senior vice president and executive director of media and analytics at Cramer‑Krasselt. "Marketers desperately want millennials to be more monolithic, but the older end are parents with a couple kids, the younger end is just getting out of college. It's the most culturally diverse group, and they celebrate that. Media companies struggle with mass-culture segmenting. You can't be all things to all people. We're no longer thinking in large, demographic swaths. We're thinking of coalitions of like-minded groups."The rise of programmatic advertising lessens the value of individual sites to ad buyers, and when they do work on ad buys directly with a site, those deals tend to be bigger but occur infrequently and are low profit.BuzzFeed, which missed its 2017 revenue target, laid off staff in 2018, and hasn't consistently made a profit, talks about managing costs and "sustainability.""We've been about outgrowing people. Now it's about outlasting people," Peretti told Business Insider.In the race to survive, Peretti said BuzzFeed is the best-positioned digital-media company. "Our model is more diversified, our tech and data is more developed, we have a deep understanding of the ecosystem."BuzzFeed has been growing other revenue streams to complement its core business of native advertising. Around this time last year, Peretti said half the company's revenue would come from non-direct-sold sources like commerce, programmatic advertising, studio, and platforms by 2019. He told Business Insider the company is "close" to that goal. It's also started a $5-per-month membership program for BuzzFeed News. The company passed $300 million in revenue in 2018, Peretti said, which The Times reported was up from $260 million in 2017 (but was below the goal of $350 million)."One huge difference in BuzzFeed today versus two years ago: When you meet with marketers at CES, they'd just meet with us to do native advertising," Peretti said, referring to the annual international trade show for consumer electronics. "Now we're much more full service. We're not a one-trick pony."BuzzFeed is already making more money from YouTubePeretti's case for a multicompany merger is that a combined company would have more clout to demand more ad revenue from the digital distributors Google and Facebook. He said BuzzFeed has already seen this happen with YouTube. As BuzzFeed has become a bigger share of the inventory in Google Preferred, YouTube's top content, BuzzFeed's inventory become more valuable to advertisers, he said.Another company seen as a candidate for a merger is Group Nine Media, which is itself the product of a rollup of NowThis, The Dodo, Thrillist, and Seeker two years ago, when Discovery Communications put $100 million into the company. Discovery led another round of $40 million in 2017. Media watchers see it as a likely partner with BuzzFeed because they have similar audiences, share an investor in Lerer Hippeau (managing partner Kenneth Lerer is Group Nine CEO Ben Lerer's father and BuzzFeed's chairman), and the CEOs are friends.Ben Lerer said that Group Nine isn't yet where it wants to be in terms of diversifying its revenue but that it's made progress in getting revenue from platforms and selling its video-studio output in addition to advertising. In 2019, the company plans to add e-commerce to its revenue mix. Lerer wouldn't share any financials but said the company has "plenty of growth to validate it's working.""We're clearly not screwed," Lerer said. "We had a great last year, and I think we're set up for an even better or equally better in terms of growth, margin improvement."Lerer said he expects to add some companies in the next year."We own brands people are crazy for and are growing in all kinds of ways," Lerer said. "Consolidating is not easy to do. It's people and culture and strategy. We're really, really well positioned to participate meaningfully." 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: Don't let stretched valuations keep you from betting on high-profile tech and media stocks, says CFRA More: Digiday Deal BuzzFeed Refinery29 Group Nine Media 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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$1 Billion Waze Acquisition Is Yet More Proof Facebook Is No Longer A Social Network - Business Insider Tech BI Intelligence Events Trending Tech Finance Politics Strategy Life Sports Video All × From To You have successfully emailed the post. $1 Billion Waze Acquisition Would Be More Proof Facebook Is No Longer A Social Network Christopher Mims, Quartz May 10, 2013, 7:45 AM 5,336 5 facebook linkedin twitter email print Justin Sullivan/Getty Images/AFPFacebook is now a mobile advertising company, and not a social network. Sure, you’ve heard this before, but it’s a theme worth repeating. That’s especially true in light of Facebook’s rumored upcoming $1 billion acquisition of Israel-based mapping and navigation company Waze, notes tech journalist (and Waze superfan) Hillel Fuld. Without this lens, Facebook’s acquisition of Waze makes no sense. Facebook doesn’t have a mapping application, and it’s not clear why it would want to start competing in that arena with the likes of Google, Microsoft’s Bing, or Apple. Apple wanted to acquire Waze at one point, but only because it was having huge problems with its own mapping application, and it desperately wanted Waze’s data and expertise. (Apple ended up buying access to Waze’s data, anyway.) But here’s something Facebook can definitely use: Waze’s data about where people are, in order to target Facebook’s mobile advertising. This kind of data is so valuable to advertisers (and therefore, to Facebook) that companies like Skyhook, one of the few independent providers of such data (the others are Google and Apple, and they’re not about to give it up) are building services like Spotrank, aimed at selling it to them. Facebook knows who you’re connected to. If it also knows where you are, that could allow for a whole new kind of data mining and ad targeting. Even Google can’t consistently match that level of omniscience. (It can only do it if you use Google services like Gmail, have an Android phone, and switch on the phone’s location-tracking.) Sure, it’s creepy, but if there’s one thing Facebook has demonstrated, creepiness is no barrier to becoming the second most-used web service on the planet. Postscript: If you haven’t tried Waze, now is a good time to give it a shot. It didn’t perform as well as Apple Maps or Google Maps in at least one shootout between the three applications, but my own experience with its iOS app is that it is the best way to avoid traffic when driving. More from Quartz: How Facebook could save Nokia The US government says this 3D gunamker might just be an arms dealer The real reason Americans are missing out on life-saving drugs Click here to sign up for the Quartz Daily Brief and start your day with the latest intelligence on the new global economy. Read the original article on Quartz. Copyright 2013. More from Quartz: The first edition of “Alice in Wonderland” was supposed to be trashed as “waste paper” For the first time in centuries, Swedish men outnumber women Holocaust survivors can claim reparations from France’s national rail company until tomorrow The Amish understand a crucial thing about modern medicine that most Americans don’t A Hong Kong protester brutally beaten by police got jail time for “resisting arrest” More: Quartz Facebook Tech facebook linkedin twitter email print Recommended For You Comments Comments on this post are now closed. Insiders 1 All Comments 5 Apply To Be An "Insider" » Loading $1 Billion Waze Acquisition Would Be More Proof Facebook Is No Longer A Social Network $1 Billion Waze Acquisition Would Be More Proof Facebook Is No Longer A Social Network It's now a mobile advertising company. 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. 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Apple Acquisition: Particle - Business Insider Tech BI Intelligence Events Trending Tech Finance Politics Strategy Life Sports Video All × From To You have successfully emailed the post. Apple Makes An Acquisition! Jay Yarow Oct. 17, 2012, 6:44 AM 3,553 1 facebook linkedin twitter email print APEddy Cue, the Apple exec in charge of Internet servicesApple 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. More: Apple 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 Apple Makes An Acquisition! Apple Makes An Acquisition! It acqui-hires Particle, an HTML5 focused design company. 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	M&A	1	[ { "label": "M&A", "score": 1 } ]
Google Acquires Zync, A Special Effects Company That Worked On Star Trek - 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 Acquires A Special Effects Company That Worked On 'Star Trek' Eugene Kim Aug. 26, 2014, 1:04 PM 3,171 2 facebook linkedin twitter email print Zade Rosenthal/ Paramount PicturesScene from "Star Trek Into Darkness" Google just acquired a company called Zync, a visual effects cloud rendering company that worked on movies like "Star Trek Into Darkness" and "Looper" in the past. The exact terms of the deal were not disclosed, but Google said Zync will be joining Google’s Cloud Platform team following today’s announcement. Zync’s technology gives visual artists and designers the flexibility to process image rendering and special effects - all in the cloud. Usually, you would need big hardware to establish the same type of render performance, which is more expensive and time consuming. Zync’s solution has been used in over a dozen feature films and hundreds of commercials so far, amounting to more than 6.5 million hours of video, its website says. Here’s what Google had to say about today’s acquisition: Together Zync and Cloud Platform will offer studios the rendering performance and capacity they need, while helping them manage costs. For example, with per-minute billing studios aren’t trapped into paying for unused capacity when their rendering needs don’t fit in perfect hour increments. SEE ALSO: Amazon buys Twitch for $970 million in cash More: Google 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 Google Acquires A Special Effects Company That Worked On 'Star Trek' Google Acquires A Special Effects Company That Worked On 'Star Trek' Google just acquired a company called Zync, a... Recommended For You Featured How data is saving the retail industry More "Digital Business Decoded" » 3 types of insurance that can protect your family for years to come More "World 2.0" » Get Tech Emails & Alerts Sign-Up Learn More » Tech Select Tech Chart Of The Day Business Insider Select 10 Things In Tech You Need To Know Mobile Insights BII Mobile Insights More Featured Business Insider Select Tech Select Tech Chart Of The Day Markets Chart Of The Day 10 Things Before the Opening Bell Instant MBA Business Insider Events BI Intelligence Daily Finance Finance Select Markets Select Monday Scouting Report Your Money Select Financial Advisor Insights Smart Investor CFO Insider Prime Finance Strategy Strategy Select Advertising Select Retail Select Careers Select null Politics Politics Select Military Select Life Life Select Transportation Select Education Select Entertainment Select null Tech Enterprise Select Science Select Mobile Chart Of The Day E-Commerce Chart Of The Day Payments Chart Of The Day Digital Media Chart Of The Day IoT Chart of the Day Charts of the Day Sports Chart Of The Day Top 10 Things 10 Things In Tech You Need To Know Closing Bell Sports Sports Latest Deals The Trendsetter Gift Guide Holiday Central Latest Research FREE: Mobile Payments - Everything You Need to Know The Messaging App Report The Internet of Things 2015 Report The Digital Disruption of Retail Banking Read Business Insider On The Go Available for iPhone, iPad, and Android Find A Job Tech Jobs C-Level Jobs Media Jobs Design Jobs Finance Jobs Sales Jobs See All Jobs » Thanks to our partners * Copyright © 2015 Business Insider Inc. All rights reserved. Registration on or use of this site constitutes acceptance of our Terms of Service and Privacy Policy. Disclaimer Commerce Policy Powered by MongoDB Stock quotes by finanzen.net Made in NYC International Editions: UKDEAUSIDINMYSG	M&A	1	[ { "label": "M&A", "score": 1 } ]
Facebook Finally Acquired Microsoft Atlas to Take on Google 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. Advertising Facebook Finally Acquired Microsoft Atlas To Take On Google Laura Stampler 2013-02-28T21:50:08Z Save Article Icon A bookmark Facebook Icon The letter F. Email icon An envelope. It indicates the ability to send an email. Share icon An curved arrow pointing right. Twitter icon A stylized bird with an open mouth, tweeting. Twitter LinkedIn icon The word "in". LinkedIn Fliboard icon A stylized letter F. Flipboard 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 After a period of speculation, Facebook finally proved that the rumors were true and announced its acquisition of Microsoft's Atlas ad server on its blog today. While we don't know the exact price point, Ad Age speculated that it would cost between $30 and $50 million. Note that Microsoft got the ad suite as a part of a $6 billion deal when buying aQuantive — a deal that the Seattle-based tech giant chalked up as wasted money this summer.This buy is important for Facebook because it makes the social network more of a contender in the ad space and takes on Google at its most profitable business."Our belief is that measuring various touch points in the marketing funnel will help advertisers to see a more complete view of the effectiveness of their campaigns," said Brian Boland, Facebook's Director of Product Marketing, in a blog post.Although Peter Kafka at All Things D noted that "Integrating and overhauling Atlas, which has essentially been abandoned by Microsoft for years, will take many months, and the whole thing may not be done for another year." Boland acknowledges that the integration will be a process.He wrote, "We plan to improve Atlas' capabilities by investing in scaling its back-end measurement systems and enhancing its current suite of advertiser tools on desktop and mobile. We will also work to improve the user interface and functionality with the goal of making Atlas the most effective, intuitive, and powerful ad serving, management and measurement platform in the industry. Ultimately, Atlas’s powerful platform, combined with Nielsen and Datalogix, will help advertisers close the loop and compare their Facebook campaigns to the rest of their ad spend across the web on desktop and mobile"Atlas is based in Seattle and the team will continue to work there. 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. 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UPS Has Acquired Walmart Partner Delivery Solutions 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 A United Parcel Service (UPS) truck delivers boxes in Manhattan on April 26, 2022 in New York City. Spencer Platt/Getty Images This story is available exclusively to Insider subscribers. Become an Insider and start reading now. UPS has acquired e-commerce logistics startup Delivery Solutions, according to a press release. Founded in 2017, Delivery Solutions had raised no venture capital and UPS did not disclose a price. The move marks UPS's first exposure to services like curbside pickup and buy-online, pick up in-store. UPS has acquired e-commerce logistics startup Delivery Solutions for an undisclosed sum, the Atlanta-based company announced in a press release Tuesday.This acquisition is UPS's second in two years. The delivery giant acquired gig-economy delivery company Roadie in September. Founded in 2017 by Arshaad Mirza and Manil Uppal, Delivery Solutions is an e-commerce logistics orchestration platform that allows retailers to access same-day delivery services from dozens of delivery providers, like Uber and Lyft. Roadie is a listed service on the Delivery Solutions platform, along with Walmart's GoLocal delivery service. Walmart announced it would white-label its same-day GoLocal delivery service for the first time last year, meaning other businesses could hire Walmart to deliver their goods. In March, it announced retailers would be able to access the GoLocal service through the Delivery Solutions platform, calling the startup "the leading provider of third-party aggregation and orchestration software for last-mile delivery and fulfillment."In addition to booking and tracking same-day deliveries, the platform allows shippers to arrange other fulfillment methods like curbside, in-store pickup, lockers, and drone deliveries, as well as parcel shipments by UPS, FedEx, and USPS among others. Beyond logistics, Delivery Solutions provides post-purchase tracking, visibility, and communication tools for the end-consumer. "Once a company plugs into the Delivery Solutions technology platform, they can easily connect to a global ecosystem of delivery companies in the same-day space," reads UPS's press release. Delivery Solutions, which is profitable, had raised no venture capital. Cofounder Manil Uppal thanked all the VC investors that had turned them down over the years in LinkedIn Post announcing the acquisition. "Not all success stories are VC backed....believe in what you are building," Uppal wrote. Delivery Solutions will continue to run independently under its own name, the press release said. "Now combined with UPS's capabilities, it will create new solutions to speed up growth for our customers by improving end-to-end online shopping experiences," the release reads. The acquisition gives UPS a further connection to same-day shipping, which the company itself does not offer except through subsidiary Roadie. It also provides UPS a a link to curbside and in-store pickup services, which retailers can organize on the Delivery Solutions platform. "I applaud the retail stores who are doing a masterful job of offering buy online, pick-up in-store; buy online, return in-store; come to my store, come to my store, come to my store," UPS CEO Carol Tomé said on the company's April 26 earnings call. Tomé frequently fields questions from investors about the rise of omnichannel services like buy-online pickup in-store. "Customers want to shop when, where, and how they want to shop and they want their packages delivered to them when, where, and how they want them," she said on the same call according to a transcript from Sentieo. "It might be inside of the store, it might be at their home or at their workplace or at a consolidated pickup point." Sign up for notifications from Insider! Stay up to date with what you want to know. Subscribe to push notifications Deal icon An icon in the shape of a lightning bolt. Keep reading Was this article valuable for you? Yes No Additional comments Email (optional) Receive a selection of our best stories daily based on your reading preferences. Submit NOW WATCH: More: BITranspo Logistics eCommerce Acquistion UPS Carol Tome 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 . 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	M&A	1	[ { "label": "M&A", "score": 0.9999995231628418 } ]
Yahoo's Making Two Large Acquisitions - Business Insider Tech BI Intelligence Events Trending Tech Finance Politics Strategy Life Sports Video All × From To You have successfully emailed the post. Yahoo's Working On Two Large Acquisitions Owen Thomas Mar. 7, 2013, 6:12 PM 10,267 5 facebook linkedin twitter email print Steven Henry, Getty Images See Also Only one thing could make Yahoo investors happy, and it's not layoffs, says analyst Yahoo will reportedly announce it is exploring 'strategic alternatives' today Yahoo beats on earnings, stock slightly down Jackie Reses, Yahoo's head of HR and mergers and acquisitions, recently told employees that the company had two big acquisition deals in the works, Kara Swisher reports at AllThingsD. There are also a half-dozen smaller deals in the work, similar to Yahoo's recent acquisitions of Stamped and OnTheAir, two small startups which brought teams experienced in mobile development to the company. Swisher speculates that a purchase of Pinterest, Tumblr, or Foursquare would be interesting for the company, as would ad-tech companies like Jumptap or PubMatic. But those all seem like they'd be too expensive for Yahoo, which plans to return cash from its recent sale of Alibaba shares to shareholders. Yahoo could do smaller deals in the range of a half-billion dollars or less. It's not clear how many Web companies there are that are both cheap enough to buy and big enough to be worth buying, though. More: Yahoo Jackie Reses Acquisition facebook linkedin twitter email print Recommended For You Comments Comments on this post are now closed. Insiders 1 All Comments 5 Apply To Be An "Insider" » Loading Yahoo's Working On Two Large Acquisitions Yahoo's Working On Two Large Acquisitions The company's M&A chief tells employees it's making two big buys and a half-dozen small ones. 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 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 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	M&A	1	[ { "label": "M&A", "score": 1 } ]
SentinelOne CEO on Acquisition of Data-Analytics Startup Scalyr 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. Enterprise SentinelOne CEO says its $155 million acquisition of startup Scalyr gives his firm an opportunity beyond cybersecurity Jeff Elder 2021-02-10T00:21:50Z 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 Christine Heckart, CEO of Scalyr., and Tomer Weingarten, CEO of SentinelOne. Scalyr and SentinelOne This story is available exclusively to Insider subscribers. Become an Insider and start reading now. Redeem now SentinelOne said Tuesday that it is acquiring data-analytics startup Scalyr for $155 million. CEO Tomer Weingarten says the deal will allow SentinelOne entry into the hot data-security sector. Weingarten also said the company is looking at more acquisitions, and potentially an IPO this year. SentinelOne CEO Tomer Weingarten believes his $155 million acquisition of data-analytics startup Scalyr, announced Tuesday, opens up a whole new direction for his cybersecurity firm, which uses artificial intelligence to find signs of hackers and hunt them down."The company doesn't really want me to talk that much about that part of the equation, to be honest," Weingarten told Insider on Tuesday. "But it is a massive opportunity for us."Founded in 2010, Scalyr previously raised $34 million from investors including Heroic Ventures, Shasta Ventures, and Ben Davenport. It was valued at $155 million, the price of the acquisition, after its last funding round in May of 2018, according to PitchBook. While other cybersecurity companies have bought data companies to improve their ability to build smarter programs and stop attacks, Weingarten wants to go beyond that by also expanding his 800-person Silicon Valley cybersecurity company into the data realm, where regulation and privacy requirements have driven opportunities for cybersecurity firms. Weingarten believes the acquisition pulls data and security together in a new way. "I just saw this in a very effective approach to deal with the massive amounts of data that we see today in the enterprise," Weingarten said. "Making all that data actionable for cybersecurity is the goal in the short term. In the longer-term, we want to look beyond cybersecurity. We're going to nurture that data business, we're going to invest into that, we're going to keep on growing that business."Weingarten also said the company is looking at more acquisitions, and potentially at an initial public offering this year. In September the Silicon Valley company hired veteran chief financial officer Dave Bernhardt to guide them toward an IPO. But Weingarten noted the massive Snowlfake IPO and huge investment rounds such as Databricks' $1 billion round several weeks ago as evidence that he has several good options in front of him: "There are tons of financial mechanisms in the space today."In November, SentinelOne raised $267 million at a $3 billion valuation. The company has raised $697 million total, and Weingarten said he doesn't know the current valuation after the acquisition, but says the deal was well-received by investors. With 50 employees, a $155 million price tag, and a line of business outside SentinelOne's repertoire, Scalyr brings great potential to his company, Weingarten said. He is keeping the staff and situating Scalyr CEO Christine Heckart as a general manager of data analytics. When COVID-19 lifts, the combined companies will work at a new campus in Mountain View. "The security and data analytics industries are uniquely related, and this acquisition provides SentinelOne the opportunity to set the agenda" in the data-driven extended detection and response category, Heckart said in a statement. PitchBook analyst Brendan Burke told Insider that SentinelOne's area of cybersecurity is a hot spot for mergers and acquisitions. "Extended detection and response has emerged as the next wave of endpoint security product architecture and is driving high M&A activity," Burke said. Previous similar deals include Fortinet acquiring Cybersponse; McAfee acquiring Uplevel Security; and FireEye acquiring Respond Software. Scalyr was founded by the creator of Writely, which became Google Docs, Steve Newman, who said in a statement that "I'm excited for the Scalyr team to become part of SentinelOne and solve one of the world's most pressing big data problems — cybersecurity."Under the terms of the agreement, SentinelOne is acquiring Scalyr for $155 million in equity and cash. The acquisition is expected to close during SentinelOne's first quarter, subject to customary closing conditions. 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: Santas around the world are reinventing their business to eliminate in-person contact this Christmas Cybersecurity m&a Startups More... Read next Follow us on: * Copyright © 2023 Insider Inc. All rights reserved. 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Singtel's Amobee division acquires Turn for $310 million - Business Insider Business Insider logo The words "Business Insider". Close icon Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification. Loading Something is loading. Loading... Menu icon A vertical stack of three evenly spaced horizontal lines. Search icon A magnifying glass. It indicates, "Click to perform a search". Business Insider logo The words "Business Insider". Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. BI Prime Intelligence Log in Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. Subscribe Subscribe Business The word Business Life The word Life News The word News Search icon A magnifying glass. It indicates, "Click to perform a search". Insider logo The word "Insider". Close icon Two crossed lines that form an 'X'. 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It indicates a way to close an interaction, or dismiss a notification. Good Subscriber Account active since Edit my Account Free subscriber-exclusive audiobook! “No Rules Rules: Netflix and the Culture of Reinvention” Get it now on Libro.fm using the button below. Redeem your free audiobook Premium Articles Upgrade Membership Email Preferences My Subscription FAQs Logout DOW S&P 500 NASDAQ 100 Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. HOMEPAGE Subscribe Subscribe Home Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. Advertising Ad tech firm Turn acquired by Singapore telco Singtel for $310 million Lara O'Reilly 2017-02-23T07:46:57Z Facebook Icon The letter F. Email icon An envelope. It indicates the ability to send an email. Link icon An image of a chain link. It symobilizes a website link url. Twitter icon A stylized bird with an open mouth, tweeting. LinkedIn icon The word "in". Fliboard icon A stylized letter F. More icon Three evenly spaced dots forming an ellipsis: "...". Close icon Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification. Kim Perell, the CEO of Singtel's ad tech division Amobee. Amobee Ad tech company Turn has been acquired by Amobee, the ad tech division of Singapore-based telco Singtel, for $310 million.Turn offers a demand-side platform (DSP), a data management platform, and an analytics platform — automated systems that help advertisers plan, buy, and measure their online ad campaigns. It competes with DSPs such as Google DoubleClick Bid Manager, AppNexus, The Trade Desk, Rocket Fuel, MediaMath, AdForm, and DataXu.Turn had raised $163.5 million in equity and debt financing, according to CrunchBase.Turn went through a big transition in 2015 after a period of trying to move to a software as a service (SaaS) revenue model that only serviced brands, not agencies. That didn't work out so well and the company brought on a new CEO, Bruce Falck, the former COO of Yahoo's BrightRoll, to help it pivot back.Last year, Business Insider estimated Turn was generating net revenue of between $100 million to $150 million. The acquisition provides an extra layer to Singtel's ad tech stack. It acquired mobile ads firm Amobee in 2012 and for $321 million. In 2014 Amobee bought competitors Adconion for $235 million and Kontera for $150 million to help expand its technology and client footprint.Singtel is Singapore's largest carrier in Singapore and has a subscriber based of more than 600 million across 22 countries in Asia, Australia, and Africa. Acquiring Turn will help boost its ad tech capabilities beyond mobile-only and increase its advertiser customer base across North America and Europe.Amobee CEO Kim Perell, said in statement, "This acquisition makes Amobee one of the largest independent buy-side marketing technology providers globally, boosts our data analytics capabilities and understanding of consumers, and provides a strong foundation for our future growth. Effectively powering advertisers’ digital marketing is about enabling them to better understand and reach their customers, and enhance the way they engage them, on a global scale. To differentiate and capitalize on the growing market opportunity, we will offer world-class technology paired with advanced data and insights.”The deal is expected to close in the first half of 2017. Newsletter The most important stories about advertising and media. Sign up for Insider Advertising. Loading Something is loading. Email address By clicking ‘Sign up’, you agree to receive marketing emails from Business Insider as well as other partner offers and accept our Terms of Service and Privacy Policy. SEE ALSO: Ad tech company Rubicon Project's president Greg Raifman is leaving along with 6 other top execs NOW WATCH: More: Ad Tech Singtel Turn Amobee Close icon Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification. Follow us on: Also check out: * Copyright © 2021 Insider Inc. All rights reserved. Registration on or use of this site constitutes acceptance of our Terms of Service , Privacy Policy and Cookies Policy . 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Flatiron Health's Nat Turner Advice on Remaining CEO After 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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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. Science A CEO who sold his company for $1.9 billion in 2018 shares his advice for other founders who want to stay on after an acquisition Lydia Ramsey Pflanzer 2019-04-11T16:28:00Z 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 Flatiron Health CEO Nat Turner. Hollis Johnson/Business Insider This story is available exclusively to Insider subscribers. Become an Insider and start reading now. In April 2018, the health-tech company Flatiron Health officially became part of Roche in a $1.9 billion deal.A year later, CEO and cofounder Nat Turner reflected on what it's like to have a boss and the growing pains and benefits the transition has had for Flatiron as it aims to grow to a 1,000-person company by the end of 2019. Turner shared with Business Insider his advice to other founders looking to stay on at the companies they started after being acquired. Visit BusinessInsider.com for more stories.Nat Turner was nervous. Turner is a cofounder and the CEO at Flatiron Health, a New York-based healthcare-technology company that collects clinical data from cancer patients, such as what medications they've taken and how they have responded. It was 2018, and he had just sold the company for $1.9 billion to the Swiss pharma giant Roche.This wasn't the first time he'd sold a company. In 2010, Turner and his Flatiron cofounder, Zach Weinberg, sold their former company to Google in a $70 million deal. After the deal closed, Turner recalled what the integration was like with Google."It was like a chop shop," Turner told Business Insider. Engineers were sent to report to one floor while sales employees were sent to another. Still, he said it was the right thing to do for the company. With Flatiron, on the other hand, the goal was to stay independent as much as possible. So Turner consulted with the founders at other companies that had been acquired by Roche. They reassured him that he'd stay independent. One year in, it's so far so good. "The day-to-day hasn't changed much, which is crazy to say," Turner said. Read more: Startup cofounders who sold their first startup to Google for $70 million and their second for $1.9 billion reveal how they built wildly successful businesses twiceTurning down term sheets in favor of an acquisitionRoche has a number of different businesses, including diagnostics and cancer-drug development. Roche's Genentech arm had been one of Flatiron's early clients in 2013, Turner said. Then, toward the end of 2015, Roche led the company's $175 million series C investment round. Around September 2017, Flatiron began considering raising another funding round to take advantage of money that's been pouring into healthcare, while at the same time having the chance to do some acquisitions and otherwise grow the company. The company even received a few term sheets. But then Flatiron started having more conversations with Dan O'Day, who was then the CEO of Roche Pharmaceuticals and a member of Flatiron's board. In the end, Flatiron decided to go through with an acquisition rather than raise additional capital. "It's a unique model because although it's full ownership, as you know, we will keep them quite autonomous," O'Day told Business Insider in 2018. "That's important for a number of reasons. They're different companies than Roche — different environments, different cultures, very entrepreneurial. We want to keep and respect that."Read more: We spoke to the CEO of Roche Pharmaceuticals about how the pharma giant became a deal machine in 2018It does mean that Turner now has a boss, which hasn't been too much of an adjustment."If it's like this, it's not that bad," Turner said.O'Day left Roche to join Gilead Sciences in March. O'Day's departure caught Turner by surprise. "I was surprised that he left so soon," Turner said. "If you think about it, it's hard to find people as talented as him, and Roche was stocked to the gills with really talented senior people. It just made sense." Now the Flatiron team reports directly to Roche CEO Severin Schwan. The switch has been smooth. "We're so independent, it could've been anyone above us, and it wasn't going to change our day-to-day," Turner said. Advice to foundersOften, when a company gets acquired, the founders of the company will head on to other ventures. But for Turner, sticking around after the acquisition was a given.From where he sat, the deal was a strategic move to help his company keep growing."Our work wasn't done, and therefore we're still here," Turner said. Turner said there are a few things founders looking to stick around after getting acquired should keep in mind when going through the deal process:Ask for what's important to you before you sell the company and be clear about expectations. For Turner and Weinberg, that meant independence to make strategic decisions. "We have a budget, but once that's set, it's up to Zach and I and the team to allocate and prioritize and do whatever we think is best strategically," Turner said.Have a succession plan in place. Even if the CEO is sticking around, it's important to make sure other executives do, too. "Make sure you build retention strategies not just for yourselves but for the people who are frankly closer to the day to day," Turner said.Constantly check in with the company that bought you. Flatiron has quarterly business reviews with Roche to make sure the company's management is on the same page with Flatiron. Make sure you sync with how decisions are made. Flatiron's longer-term approach worked well with Roche, which is majority-owned by family shareholders. That might not be the case if you're a founder working on a longer term project and your acquirer has more short term goals. "If you're used to making long-term decisions, and you get acquired by someone who makes really short-term, earnings-oriented decisions, that'll create a lot of friction."For instance, one of Flatiron's businesses is electronic health-record software for community oncology practices. "It loses a ton of money if you look at it as a standalone," Turner said. But it's an important part of Flatiron's business. "If anybody else acquired us I can totally see them coming in here and being like 'how does that make sense?'"Growing painsFlatiron went through the acquisition process at a pivotal point in the company's development, around the time the company hit 500 employees. At that stage, Flatiron didn't exactly have the startup feel it once did. Carol Jensen, Flatiron's chief people officer, said there was a fair number of people who left the company when their Flatiron stock paid out after the acquisition. Turner said that the attrition was higher than what Flatiron was used to."We probably got up to what most companies are used to, but for us that was relatively uncomfortable for a couple months following the acquisition," Turner said. Joining Roche and getting bigger meant the company had to change its compensation packages. Getting to a bigger size also meant formalizing more of how the company gets its work done. "We have to change our processes because we've gotten so much bigger, you can't assume you'll run into someone in the hallway and tell them something," Jensen said.As of April 2019, Flatiron has a little more than 700 employees, with plans to reach about 1,000 employees by the end of 2019. Becoming part of a drugmaker also meant Flatiron had to change its pitch to potential customers in the pharmaceutical industry. Clients have had questions about Flatiron's relationship with Genentech, the arm of Roche that's Flatiron's biggest customer these days. Here's how Turner lays it out: "We're one of 200 companies in the Roche group. Genentech's a customer of ours. We report up to the global CEO. They're not privvy to any customer information. We hold ourselves accountable to that."Read more:A VC who invested in Oscar and Flatiron Health explains why he sees disagreement about an investment as a sign it's a killer dealInside Flatiron Health's swanky, new NYC headquarters, where the cold brew coffee flows and the conference rooms give off a serious living room vibeThe 32-year-old who sold his first company for $80 million and a second for $2 billion talks about writing to Richard Branson, how he's a terrible employee, and why he never intends to build companies to sell themTwo big movers in the health world just launched a massive new project to change the way we look at cancer Sign up for notifications from Insider! Stay up to date with what you want to know. Subscribe to push notifications Was this article valuable for you? Yes No Additional comments Email (optional) Receive a selection of our best stories daily based on your reading preferences. Submit Deal icon An icon in the shape of a lightning bolt. For you NOW WATCH: The president of Turner knows what advertisers want, but says telecom isn't moving fast enough More: Health Hollis Johnson BI Photo Flatiron Health Roche Cancer Dispensed 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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