Posts Tagged ‘Acquisition’
Under new CEO Marissa Mayer, Yahoo has been working on expanding the services it offers across multiple platforms and its latest move on that front is the acquisition of Astrid. The Astrid Tasks and To-do list app is a popular productivity manager on Android and iOS, particularly notable for its tie-ins with Google Calendar and the ability to assign tasks to others. In a blog post, CEO and co-founder Jon Paris announced the company will be joining Yahoo’s mobile team with a goal of “making the world’s daily habits more inspiring and entertaining.” As for existing users, the service will continue to work as-is for 90 days, and those who have paid for annual subscriptions to add on file storage, backup and more can expect refunds from Yahoo. There will also be a way for users to download all their data, although there aren’t any details on that yet. Astrid had received funding from Google Ventures, among others, but as shown by the launch of Google Keep it seems the usual giants in tech will be focusing on in-house ways to offer productivity features.
Source: Astrid Blog
When Avis Budget Team revealed it would be getting car-sharing service Zipcar earlier this year, the business said it expected vital members of the Zipcar team to remain on to run the service– however Zipcar’s CEO Scott Griffith won’t be one of them. Fortune reports that the Griffith has actually stepped down from the business, simply a day after Avis officially finished its acquisition. Taking his location will be Zipcar’s chief operating policeman Mark Norman.
In a letter to Zipcar workers today, Griffith writes that “Zipcar will require a fully-committed leader to open the power of the merger,” which “it’s best if I step back and give someone else the chance to put the pedal down and take Zipcar to the next level.” The Boston Globe‘s Scott …
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Microsoft is quiet not on its buyout of R2 Studios. The software giant has officially confirmed its purchase of R2, a house automation and entertainment startup, for an unspecified quantity. It’s also more clear that ex-Sling chief and R2 creator Blake Krikorian is main to the deal– he’s becoming a VP in the Interactive Entertainment Business, and much of the release (after the break) centers on Krikorian’s content-related design experience and how it can help the Xbox. We’ll just need to be patient enough to wait for the eventual lead to our living rooms. Continue reading Microsoft confirms R2 Studios acquisition, makes Krikorian a VP with the Xbox in mindFiled under: Gaming, Home Enjoyment, HD, MicrosoftCommentsSource: ZDNet
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We ’ re hearing from a reliable source that OnLive ’ s creator and CEO Steve Perlman finally decided to make an exit — and at the same time, is screwing the workers who helped develop the business and brand name. The cloud games business apparently had a number of suitors over the last couple of years (probably featuring Microsoft) but Perlman reportedly held tight control over the business, obviously not preferring to sell or share any of OnLive ’ s secret sauce.
Our source informs us that the buyer wishes all of OnLive ’ s assets — the intellectual property, branding, and most likely patents — however the plan is to keep the gaming business up and running. Nonetheless, OnLive management washed residence today, supposedly firing almost the whole entire personnel, and we hear it was done just to decrease the business ’ s liability, thus reducing employee equity to practically absolutely no. Yeah, it ’ s a massive dick move.
OnLive hit the gaming globe hard when it launched in 2009. Promising playable games there were lag cost-free, OnLive moved games to the cloud. The service took some time to gain grip but finally hit its stride last year with the addition of many top-tier titles. It was reported in June that even Microsoft considered buying the company. Some also thought OnLive would certainly be a really good fit within Sony — until Sony purchased OnLive opponent Gaikai last month as an alternative.
” Sony Computer Home entertainment will certainly deliver a world-class cloud-streaming service” Andrew House, president and group CEO of SCE stated last month. Sony paid $ 380M for Gaikai, a cloud games business with almost zero brand name acknowledgment. OnLive could have opted for a whole lot more.
For an upstart cloud gaming service, OnLive has actually done fairly well for itself. The business at first outed only one cloud games console, however quickly embraced others. The software application works with the majority of Android tablets, ships preinstalled on Vizio Televisions (and its brand-new Co Star Google TELEVISION), and is offered for the iPad and pc desktops.
We reached out to OnLive for comment but the business will certainly neither verify nor deny the claim. All the PR representative was prepared to state was that the aforementioned Vizio Co Star launches today. The company also would certainly not comment on the layoffs however Martyn Williams tweeted seeing OnLive staffers leaving their workplace carry boxes. These people most likely merely lost their jobs and equity prior to OnLive ’ s exit.
Update: OnLive offered TechCrunch the statement below. Like earlier reports recommended, it sounds like OnLive Inc. was liquefied and a brand-new company, OnLive Inc 2 or something of the kind, will continue in its place and is likely backed by new investors. The statement indicates that “ a huge amount of OnLive Inc. ’ s staff ” will certainly be hired by this brand-new company, which will certainly then hire more people. However there ’ s no word on if the original employees completely lost their equity. No matter how OnLive spins this move, it ’ s still looks shady to me.
We can now confirm that the assets of OnLive, Inc. have been attained into a newly-formed company and is backed by significant funding, and which will continue to operate the OnLive Game and Desktop computer services, in addition to support all of OnLive ’ s apps and gadgets, along with game, productivity and venture partnerships. The new business is choosing a large amount of OnLive, Inc. ’ s staff across all divisions and plans to continue to employ significantly even more people, featuring extra OnLive employees. All formerly revealed items and services, including those in the works, will certainly continue and there is no expected disturbance of any type of OnLive services.
We apologize that we were unable to comment on this transaction until it completed, and were limited to reporting on news associated with OnLive ’ s companies. Now that the transaction is complete, we are able to make this statement.
OnLive statement confirms layoffs, acquisition by ‘newly-formed’ company, says service will continue
OnLive has actually finally provided an official statement after rumors of mass layoffs initially leaked out earlier today, confirming that its assets have been obtained into a newly-formed business with exactly what it claims is “substantial” economic backing. The large news for individuals is that the OnLive Game and Personal computer services will certainly continue to be functional and continue to be supported. The release also claims a “big portion” of OnLive staff is being employed into the brand-new company with plans to choose even more over time. Check the words directly from the source after the break, we’ll have even more details from a few of the displaced staff members in a few.
InternetOnLive statement verifies layoffs, acquisition by ‘newly-formed’ company, states service will certainly continue initially appeared on Engadget on Fri, 17 Aug 2012 20:06:00 EDT. Please see our terms for use of feeds. Permalink|| E-mail this|Comments
A ripple went with Face.com’s developer community three weeks ago when the business was acquired by Facebook. After all, exactly what earthly reason might the social network have for continuing third-party developer support of the item? None, as it turns out– API support for the company’s mug recognition computer software will certainly be dropped in very early August, and its iPhone app, Klik, is now gone from the Application Store. In spite of current assurances to the contrary (visualized above) Face.com pulled the plug in order to dedicate its resources to Zuckerberg and Co., according to an e-mail it delivered to programmers. Naturally, the sudden reversal has inflamed that group, with prominent members tweeting terminology like “boycotting” and “months of work wasted.” There’s a sliver of hope, however, for forlorn designers– at the very least one member of the community says he’s been given an API extension through October. In the meantime, programmers will likely be venting– and will not also have the ability to track that rollercoaster of emotions anymore.Face.com wipes out developer APIs and Klik app three weeks after Facebook acquisition initially appeared on Engadget on Mon, 09 Jul 2012 03:41:00 EDT. Please see our terms for usage of feeds. Permalink|TNW|Email this|Comments
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Resembles the reports that have been in play for months now have at last been verified: Defeats Electronics, understood greatest for their hip Dr Dre headphones and partially backed by HTC (who had additionally been a rumored MOG customer), is definitely purchasing the new music streaming service MOG, with the acquisition now affirmed by both sides.
The move will certainly provide MOG — struggling to expand against the runaway success of Spotify — a new lease of life linked to a particular hardware maker; and Beats one more step up on the individual electronics experience, following in the mold of Apple in supplying the whole package from one brand.
“ The addition of MOG ’ s popular music service to the Beats portfolio will definitely provide an absolutely end-to-end songs experience, ” David Hyman, the originator and CEO of MOG told USA Today. Although the package has been in play because March of this year, this was in fact the very first verification by either side that they are connecting. We ’ re still getting in touch with both business for a direct confirmation.
What we don ’ t know yet is just how the 2 companies will actually include their services together: “ time will certainly advise ” is all Hyman might say in response to that question. And there is even the question of just how and if this will certainly play with HTC, which invested $ 309 million in Beats in August 2011. The smartphone producer has been struggling against Samsung in the Android smartphone space however has actually been trying to fight back with an approach that, like this package between Beats and MOG, plays into making service financial investments to sit on top of its hardware, and more differentiate it from the rest of the Android pack.
Financial terms of the offer have actually not been disclosed.
Beats is taking a leaf from Apple ’ s book by trying to find a method to control the music streaming experience, in addition to the hardware that gets made use of to consume it — that sits in contrast to a number of other new hardware competitors at the moment. Sonos, for instance, has a strong API platform that it uses to deliver in a number of songs streaming services into the fold to consume through its songs streaming hub and speakers.
This is a very first acquisition for Beats. No indication yet on whether we should be expecting more.
Jimmy Iovine and Dr Dre, the 2 originators of Beats, did not comment in the USA today piece, however we do get a quote from president and chief operating officer Luke Wood also emphasizing exactly how possessing popular music services is part of the Beats ’ larger vision: ” Beats was produced as a reaction to the total disintegration of the songs experience … Our whole reason for starting Beats was to attempt to bring sentiment back into that experience. We believe songs services is an important part of that ecosystem. ”
Offered that producer Iovine and entertainer Dr Dre are songs industry heavyweights, it ’ s not really a surprise seeing them make a stab at popular music services and also hardware — they are part of the army of new music sector people who have actually been impacted by the surge of digital media and following fall in typical media sales (and the margins that included them), and have been establishing their tremendously high-quality sound products in response to that.
This gives them an additional chance to have a fracture at righting that their very own method, by bolting on an actual new music service, and an engineering/management group that knows ways to execute that kind of product.
The entire logic behind the creation of Beats has actually been about sound quality, so it ’ s unsurprising that this seems to have even played a role in the MOG acquisition, too: ” They were the first service to offer their entire directory in the 320-kilobit format, ” Woods notes.
MOG is one of the older of the songs streaming services — established in 2005, and now containing 16 million keep tracks of for paying attention — and it was possibly too far ahead of its time. The later arrival of Spotify seemed perfectly in tune with the surge of more desirable broadband connections, flat-rate mobile data and a public that was at last moving away from being tied to their old CD collections so that they could consume their new music on their fancy brand-new smartphones. While Spotify and others like Rdio have actually extended their services beyond their house markets, MOG just just recently( June 2012) made its very first foray outside of the USA, to Australia in an alliance with carrier Telstra.
MOG has of course kept up with the times, with deals with LG and Samsung for brilliant TVs and other services, and a Facebook streaming service also, featuring an in-car deal with Ford — however it ’ s perhaps not rather chose up the same kind of mindshare as Spotify in the procedure. Its service costs $ 4.99 per month for countless ad-free streaming; $ 9.99 to throw endless transportable downloads into the mix.
The universality of MOG ’ s service was another selling point for the Beats people: ” They comprehend that the individual wants universality, ” Woods indicated.
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Microsoft’s rumored acquisition of enterprise-focused social networking service Yammer is seemingly all but confirmed, as The Wall Street Journal has corroborated earlier reports of a $ 1 billion buyout. But according to our sources outside of the company, Microsoft will not be announcing the deal at its mystery event on Monday, and the details of the acquisition may not emerge for some time. The acquisition is believed to be part of a larger strategy to boost Microsoft’s social networking offering, potentially leveraging Yammer’s strengths as a private, internal communications tool for businesses.
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The final significant roadblock to Google’s buyout of Motorola has been cleared, as Chinese regulators have just given their rubber stamp. Their approval follows a few months after the simultaneous American and European clearances, and virtually all that’s left now is to formally close the deal and start integrating the two mobile giants. It might still come too late for the combined entity to present a united front at Google I/O, but at least they won’t have any awkward glances at each other across the room. We’re just trying to decide on whether or not Googorola is the best pet name for the loving, $ 12.5 billion-dollar Android union. Update: Google has since told the AP that the deal will likely wrap up early next week, so Motorola should be part of the family well in advance of Google I/O.
Mergers and acquisitions can sometimes take some unexpected turns, but that’s not the case with Garmin’s purchase of former rival Navigon. The company said last month that the acquisition would be complete by “late July” and now, on July 26th, it’s announced that the deal is in fact done. There’s still no financial details being disclosed, but execs from both companies are expectedly tossing around words like “excited” and “pleased,” and they’re promising plenty of integration and new opportunities going forward. Obviously, they’re betting they’ll be better as partners than rivals in the face of mounting challenges. Press release is after the break.