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I think Twitter made a minor gaffe by announcing their Blackberry app and their acquisition of Atebits (Tweetie) before the Chirp conference. And I saw a lot of this first hand in Salesforce’s acquisition of my company, Koral, which was a content management company. Think about the creative tension.
A report this morning from AllThingsD says that Yahoo is on the prowl for companies, and has been looking at Maker Studios. The report comes after reports that Yahoo is considering an acquisition of TVGuide from Lionsgate, in a deal worth $20M.
In a very bold move, Venice-based Snapchat has apparently turned down a $3 billion acquisition offer from Facebook , according to a report today from the Wall Street Journal. snapchat merger acquisition exit facebook tencent mobile' READ MORE>>.
A report Wednesday afternoon says that Los Angeles-based streaming media site Hulu has hired investment banking firm Guggenheim Partners, to advise the firm on a sale. The report from Reuters , citing three sources with knowledge of the matter, said there''s an ongoing auction process for Hulu. READ MORE>>.
Reuters reports that the Chinese company sold its 98% stake in Grindr to a U.S.-based based company, San Vicente Acquisition Partners. Last year, it was reported that while under Chinese ownership, Grindr allowed engineers in Beijing access to the personal data of millions of U.S. That ownership was later scrutinized by a U.S.
It looks like the sale of book review and community Goodreads was worth between $150M to $200M, according to a report form AllThingsD Friday, potentially making the acquisition one of the better returns on capital from a Southern California technology startup in recent years.
According to a report from Mac industry publication 9to4mac, Apple executives are in Santa Monica, sorting out which Beats employees will or will not be working for Apple. beats electronics music headphones apple merger acquisition beatsbydre' READ MORE>>.
Ian Rogers , the CEO of Beats Music , is set to head up iTUnes Radio , according to a report from the WSJ Friday afternoon. The WSJ, citing "people familiar with the matter" said that Rogers will run both Beats Music and iTunes Radio, now that the acquisition is complete. beats music apple merger acquisition rogers' READ MORE>>.
Los Angeles-based multichannel content network Fullscreen is in the midst of selling itself to Otter Media , the joint venture between AT&T and The Chernin Group, according to reports. fullscreen otter media chernin group hollywood youtube network video merger acquisition rumor' The deal is reportedly worth between $200M and $300M.
Photo by Vanna Phon on Unsplash Customer acquisition is the lifeblood of many startups from e-commerce to gaming to marketplace companies, among others. But if you ask anyone in the ecosystem of customer acquisition?—?founders, and you’ll hear the same thing: customer acquisition (CAC) is getting harder and more expensive.
The record-breaking, $2 billion acquisition of Irvine-based Vizio , which was announced in June , might be in doubt, according to a report today from Bloomberg. Bloomberg reports that the chairman of LeEco, Jia Yueting, said the company is "running out of cash" due to its pace of expansion. READ MORE>>.
Venice-based Snap , the parent company of Snapchat , has reportedly acquired programmatic advertising startup Metamarkets , according to unconfirmed reports. Those reports place the transaction value of the buy at less than $100M. Neither Snap nor Metamarkets have yet announced any acquisition. READ MORE>>.
One way to approach that last question is to use this simple model: Customer Acquisition Cost (CAC) How will your business reach prospects? Next, define what you need from a metrics and reporting standpoint. Don’t overcomplicate things with reporting tools. This isn’t a simple, first-cut acquisition pipeline!
The acquisition was first reported by a local Israeli financial daily. Venice-based Snap, Inc. , the parent company of Snapchat, has reportedly acquired Israeli startup Cimagine Media. The deal is reportedly worth between $30M and $40M. Cimaging Media develops augmented reality technology. Cimagine was founded in 2012. READ MORE>>.
the online baby and beauty products retailer co-founded by Brian Lee, Jessica Alba, and Christopher Gavigan, and Sean Kane, has reported filed for an IPO, according to a report from Bloomberg. The report cited "people familiar with the matter". The report says Honest Co. Los Angeles-based Honest Co.,
Santa Monica-based Ring is being acquired by e-commerce giant Amazon , according to a yet-unconfirmed report on Tuesday afternoon. Details of the acquisition, and confirmation of any acquisition, were not yet announced.
A report, from Protocol, said the acquisition came after Spaces announced a shutdown of its services last week. Los Angeles-based Spaces , which had been developing in-person locations to experience virtual reality, has reportedly been acquired by Apple.
The remarks, which were made at a conference in Tokyo, were first reported by Bloomberg. nasa rocket space spaceflight mars exit acquisition merger' Founder and CEO Elon Musk said this week that he doesn''t have any intention of taking SpaceX public, because the "goals of SpaceX are very long-term, which is to establish a city on Mars."
otherwise known as SnapChat , is aiming at a March IPO, according to a report on Thursday afternoon. The WSJ reports that the company is looking to hit the market as early as March , in a deal which would value the company at $25 billion. Venice-based instant messaging company Snap Inc.
It’s the biggest podcast industry acquisition ever, and Spotify isn’t done. Here’s what the podcast acquisitions mean for Spotify, for the entire podcast industry, and for all the tiny underdog podcasters out there. That’s because the acquisitions make Spotify a publisher, as well as platform.
Full details of the acquisition and buyer were not officially announced, however, MakieLab said that it has been acquired by a "a fantastic US media behemoth". MakieLab , the custom, 3D printed doll startup which had been part of Disney's second Disney Startup Accelerator program, has been acquired, reportedly by Disney itself.
Financial details of the buy were not announced, however, the buy apparently was worth around $50M, according to various reports and sources. documents business acquisition merger intuit docstoc' Santa Monica-based Docstoc , which is led by Jason Nazar, has been acquired by Intuit, the companies said this morning. com), and others.
Financial terms of the deal were not announced, but the deal is reported to be worth around $390M. edgecast verizon content delivery network merger acquisition' Los Angeles-based content delivery network operator EdgeCast has been acquired by Verizon , to help bolster Verizon''s Digital Media Services, Verizon said this morning.
A report, published late Wednesday evening, says that Burbank-based Walt Disney Co. Disney had been reported to be looking at Twitter in September. will not make a bid for Twitter , which reportedly has been looking to sell the company.
According to an unconfirmed report on Wednesday, Santa Monica-based on-demand scooter rental startup Bird is in the midst of talks to acquire another, on-demand scooter company, Scoot. According to the report, Scoot was last valued at around $71M, and had raised $47M in total funding. READ MORE>>.
Santa Monica-based private equity investor Clearlake Capital said this morning that one of its portfolio companies, Provation Medical , has acquired MD-Reports , a provider of electronic medical record (EMR), practice management (PM), and report writing software. Financial details of the acquisition were not announced.
Match Group , the parent company of dating app developer Tinder , reportedly was spurned by dating app developer Bumble , according to multiple reports on Wednesday morning. According to those reports, Bumble turned down a $450M acquisition offer from Match Group in the last two months.
Disney to Gain Control of Hulu after 21st Century Fox asset acquisition, TrueCar settles lawsuit with California New Car Dealers Association and Lily raises $2 million for personal stylist.
Financial terms of the acquisition were not announced. Some reports are pegging the acquisition at around $30M. software business small intuit acquisition merger lettuce' According to Lettuce, the company will help Intuit provide solutions to the small business market. Lettuce had raised around $2.0M READ MORE>>.
Los Angeles-based social application developer Triller , which competes head to head against TikTok , is seeking to reach the public markets through a SPAC (special purpose acquisition company), according to a report. Reuters cited "people familiar with the matter" for the report.
Thousand Oaks-based Amgen reported this morning that it has completed its tender offer for Onyx Pharmaceuticals , and now expects its acquisition to complete today. onyx pharmaceuticals amgen merger acquisition biotech lifescience cancer' Amgen said the deal is worth $9.7 billion net of estimated cash at Onyx. READ MORE>>.
Venice, California-based Snap , the parent company of Snapchat , has reportedly been in talks with New York-based Dubsmash on an acquisition, according to The Information, which says that Facebook also has been talking with the TikTok competitor. The Information cited "a person familiar with the matter".
A report today, from Reuters, says that the Chinese owner of Los Angeles-based gay dating app developer Grind , gave access to its Beijing-based engineers to the data of millions of Americans, despite U.S. orders to keep that data private.
Santa Monica-based Ring is being acquired by e-commerce giant Amazon , according to yet-unconfirmed reports. Details of the acquisition, and confirmation of any acquisition, were not yet announced. The deal is reportedly worth around $1 billion.
is looking at a possible acquisition of Twitter , according to reports. Glendale-based Walt Disney Co. Twitter had been rumored to be looking to sell itself to Salesforce.com on Friday. Walt Disney apparently is working with an un-named investment bank to evaluate the deal.
An unconfirmed report Thursday afternoon, from TechCrunch, says that Unilever is in early talks to acquire the company, founded by Jessica Alba and SoCal serial entrepreneur Brian Lee. Is another, Los Angeles consumer startup-- The Honest Company --about to be acquired by Unilever ?
Los Angeles-based private equity investor OpenGate Capital reported Monday that it has acquired two, Latin American information technology system integrators. OpenGate Capital said the acquisition will help complement two of its existing, private equity portfolio companies--Getronics and Sopho. READ MORE>>.
The firm reported its latest quarterly results Tuesday, reporting $100.6M The company also reported net income of $0.7M The company said the growth in revenues came from "strong growth" on its owned & operated content and media properties, plus its acquisition of Creativebug, the arts and crafts instruction site.
Irvine-based technology distributor Ingram Micro is reportedly on the block, with current Chinese owner HNA Group looking to sell Ingram Micro for around $7 billion, according to a report. Private equity investor Platinum Equity in advanced talks with HNA Group, per the report. READ MORE>>.
Venice-based Snap , the parent firm of Snapchat, has acquired San Francisco-based ad technology developer Flite , according to reports this morning. According to recode, the acquisition is an "acquihire", and Snap is using the buy to help bring in new ad technology talent, rather than any software developed by Flite.
Financial details of the acquisition were not announced. ClearTerra's technology helps extract unstructured data from emails, briefings, and reports, and automatically extracts geographic coordinates from that information. According to Esri, it will use the technology acquisition to add those same features to its ArcGIS platform.
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