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Twitter’s Acquisition, Chirp & Managing Developer Relationships

Both Sides of the Table

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.

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Report: Yahoo Eyeballs Maker Studios

socalTECH

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.

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SoCal Investors Score With Klout Acquisition

socalTECH

klout litihium technologies merger acquisition influence social media paigecraig lindzon' The deal is reportedly worth $200M. READ MORE>>.

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Report: Snapchat Turns Down $3 Billion Offer From Facebook

socalTECH

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>>.

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Report: Hulu Hires Guggenheim Partners To Sell Company

socalTECH

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>>.

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Grindr sold by Chinese owner after US raised national security concerns

TechCrunch LA

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.

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Report: Goodreads Exit Worth Around $150M-$200M

socalTECH

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.

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