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Uber CEO Dara Khosrowshahi Talks About Acquiring Deliveroo
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Uber's CEO just opened the door to a deal to buy $2 billion food delivery firm Deliveroo
Jake Kanter
2018-10-23T16:18:50Z
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Uber CEO Dara Khosrowshahi.
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Dara Khosrowshahi has commented on speculation that Uber is in talks to buy $2 billion British food delivery firm Deliveroo.He said Uber is happy with its own delivery business, Uber Eats, but is in talks with many players around the world.Deliveroo CEO Will Shu told Business Insider earlier this month that the firm is not for sale.Uber CEO Dara Khosrowshahi has dropped a hint that his company is looking to buy Deliveroo, the British food delivery company valued at $2 billion.Khosrowshahi is in London this week, where he announced plans to make all of the taxis it operates in the British capital electric by 2025.During his visit, he was asked about reports that Uber is pursuing the acquisition of Deliveroo, a darling of the UK tech startup scene, and a rival to its
Uber eats
business. Bloomberg originally reported on the talks, which Business Insider sources have since confirmed.Khosrowshahi didn't exactly downplay speculation over a deal. According to Reuters, he told reporters that while Uber is happy with the performance of Uber Eats, it is talking to many players around the world.Khosrowshahi reportedly added: "Is something going to happen with Deliveroo? Who knows?"Deliveroo is one of Europe's biggest startup success stories. Founded in 2013 by Americans Will Shu and Greg Orlowski, it enlists contract employees as couriers, who deliver food from local restaurants in some 200 cities all over the UK, Europe, Asia, and Australia.Deliveroo CEO Shu told Business Insider earlier this month that the firm is not for sale. He added: "We don't comment on rumours. Deliveroo is the fastest-growing company in Europe, so people love to chat about us."
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The CEO of $2 billion startup Deliveroo says it isn't for sale
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Amazon Thinking About Fintech Acquisitions
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Understand fintech - Amazon's next possible frontier - with this report
Insider Intelligence
2016-04-25T14:00:00Z
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This story was delivered to BI Intelligence "Payments Industry Insider" subscribers. To learn more and subscribe, please click here.The arrival of the age of fintech is about to shake up the financial services world as we know it.Traditional powerhouses are already trying to figure out ways to co-exist with startups that are disrupting aging models. Look no further than the rise of mobile and
digital banking
and the declining relevance of brick-and-mortar banks, particularly among millennials, for evidence of that fact.But it's not just banks that are trying to conquer the fintech space.Amazon is about to try its hand in this market, as the e-commerce giant's head of payments, Patrick Gauthier, recently announced that the company is considering making some fintech acquisitions as valuations in the space start to decline and fintech becomes a more affordable investment.This would be a logical progression for Amazon, which already has a significant and active user base. Amazon has been experiencing increased growth tied to payments, as its payments unit has 23 million active users and has recorded 200% year-over-year growth in merchants adding the "Pay with Amazon" buy button to their online stores.There is also precedent for Amazon to make such a move. Chinese e-commerce giant Alipay has more than 450 million monthly active users and has more than 50% of the online payments market in China. So Amazon could be on the path to building up a similar type of momentum with its own customers.Fintech acquisitions would also make Amazon more competitive with other checkout services such as
Apple Pay
and Visa Checkout. This could be crucial in the next few years, as BI Intelligence, Business Insider's premium research service, forecasts that mobile commerce will make up 45% of all U.S. e-commerce retail sales by 2020.As we watch Amazon's plan unfold, it's clear that no firm will be immune from the coming disruption and every company must have a strategy to harness the powerful advantages of the new fintech revolution.The battle already underway will create surprising winners and stunned losers among some of the most powerful names in the financial world: The most contentious conflicts (and partnerships) will be between startups that are completely reengineering decades-old practices, traditional power players who are furiously trying to adapt with their own innovations, and total disruption of established technology & processes:Traditional Retail Banks vs. Online-Only Banks: Traditional retail banks provide a valuable service, but online-only banks can offer many of the same services with higher rates and lower fees
Traditional Lenders vs. Peer-to-Peer Marketplaces: P2P lending marketplaces are growing much faster than traditional lenders—only time will tell if the banks strategy of creating their own small loan networks will be successful
Traditional Asset Managers vs. Robo-Advisors: Robo-advisors like Betterment offer lower fees, lower minimums and solid returns to investors, but the much larger traditional asset managers are creating their own robo-products while providing the kind of handholding that high net worth clients are willing to pay handsomely for.As you can see, this very fluid environment is creating winners and losers before your eyes…and it’s also creating the potential for new cost savings or growth opportunities for both you and your company.After months of researching and reporting this important trend, Evan Bakker, research analyst for BI Intelligence has put together an essential report on the fintech ecosystem that explains the new landscape, identifies the ripest areas for disruption, and highlights the some of the most exciting new companies. These new players have the potential to become the next Visa, Paypal or Charles Schwab because they have the potential to transform important areas of the
financial services industry
like:Retail banking
Lending and Financing
Payments and Transfers
Wealth and Asset Management
Markets and Exchanges
Insurance
Blockchain Transactions
If you work in any of these sectors, it’s important for you to understand how the fintech revolution will change your business and possibly even your career. And if you’re employed in any part of the digital economy, you’ll want to know how you can exploit these new technologies to make your employer more efficient, flexible and profitable.
BI Intelligence
Among the big picture insights you'll get from The Fintech Ecosystem Report: Measuring the effects of technology on the entire financial services industry:Why financial technology is so disruptive to financial services—it will soon change the nature of almost every financial activity, from banking to payments to wealth management.The basic conflict will be between old firms and new—startups are re-imagining financial services processes from top to bottom, while incumbent financial services firms are trying to keep up with new products of their own.Both sides face serious obstacles—traditional banks and financial services firms are investing heavily in innovation, but leveraging their investments is difficult with so much invested in legacy systems and profit centers.Meanwhile, startups are struggling to navigate a rapidly-changing regulatory landscape and must scale up quickly with limited resources.The blockchain is a wild card that could completely overhaul financial services. Both major banks and startups around the world are exploring the technology behind the blockchain, which stores and records Bitcoin transactions. This technology could lower the cost of many financial activities to near-zero and could wipe away many traditional banking activities completely.This exclusive report also:Explains the main growth drivers of the exploding fintech ecosystem.Frames the challenges and opportunities faced by incumbents and startups.Breaks down global and regional fintech investments, including which regions are the most significant and which are poised for the highest growth.Reveals which two financial services are garnering the most investment, and are therefore likely to be transformed first and fastest by fintechExplains why blockchain technology is critically important to banks and startups, and assesses which players stand to gain the most from it.Explores the financial sectors facing disruption and breaks them down in terms of investments, vulnerabilities and growth opportunities.And much more.The Fintech Ecosystem Report: Measuring the effects of technology on the entire financial services industry is how you get the full story on the fintech revolution.To get your copy of this invaluable guide to the fintech revolution, choose one of these options:Subscribe to an ALL-ACCESS Membership with BI Intelligence and gain immediate access to this report AND over 100 other expertly researched deep-dive reports, subscriptions to all of our daily newsletters, and much more. >> START A MEMBERSHIPPurchase the report and download it immediately from our research store. >> BUY THE REPORTThe choice is yours. But however you decide to acquire this report, you’ve given yourself a powerful advantage in your understanding of the fast-moving world of financial technology.
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Zillow Is Trying To Cozy Up To Real-Estate Agents With Its Latest Deal
Owen Thomas
Oct. 31, 2012,
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When we sat down with Zillow CEO Spencer Rascoff the other week, we were struck by how eager he was to talk about how his company worked with real-estate agents.
That's far different from the story the company told when it launched—that it was leveling the playing field by giving homebuyers easy access to the kind of price information they used to have to go through an agent to get.
Agents were skeptical, and lashed back with complaints that Zillow's listings were out of date and its price estimates inaccurate.
Now Zillow is announcing that it's bought Buyfolio, a New York-based startup that helps homebuyers and agents collaborate on a purchase—swapping notes on interesting properties through a website or mobile apps.
Zillow makes money by charging agents to be prominently featured in listings, so that when prospective home buyers see a house, Zillow suggests an agent to them.
Buyfolio is Zillow's fourth acquisition. Past ones have also added to marketing services Zillow offers to agents, like managing listings and building websites.
Put simply: Zillow's trying to buy agents' affections—through services that help them close deals.
That, in turn, may actually help improve Zillow's data, by giving agents more of an incentive to keep listing data up to date in Zillow's systems.
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Apple says it isn't going to make an offer on a British chip designer worth £600 million
Sam Shead
Mar. 22, 2016, 11:44 AM
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Getty Images NewsApple CEO Tim Cook.Apple said on Tuesday that it doesn't plan to make an offer on British chip design company Imagination Technologies, despite earlier reports.
The Cupertino company issued a statement through the London Stock Exchange on Tuesday to put the record straight.
"From time to time, Apple talks with companies about potential acquisitions," Apple wrote. "We had some discussions with Imagination, but we do not plan to make an offer for the company at this time."
Stock in Imagination Technologies rose by nearly a fifth on Tuesday morning (GMT) amid rumours that Apple was in "advanced talks" to buy Imagination Technologies. Citing a source with knowledge of the discussions, ArsTechnica said Apple is interested in the company's PowerVR line of graphics processing units (GPUs).
Following Apple's statement, however, stock in Imagination Technology crashed to being up just 1%, prompting the company to release its own statement.
In a "response to Apple’s announcement", Imagination Technologies wrote:
The Board of Imagination Technologies Group plc (LSE: IMG, “Imagination”, “the Group”), a leading multimedia, processor and communications technology company, notes the announcement from Apple Inc. (“Apple”) following media speculation. The Board values Apple very highly as an important ongoing partner of the Company.
The Board reiterates its confidence in Imagination's strategy of reinforcing and building on the current strengths of its three core businesses and in further progress with its restructuring programme as communicated in its update on 17 March 2016. The Board remains focussed on delivering the best value possible to its shareholders.
Imagination Technologies, founded just outside London in 1985 and now listed on the London Stock Exchange, already counts Apple as its third biggest shareholder.
Apple announced in 2008 that it had acquired 3.6% of the London Stock Exchange-listed company, which has a market cap of £600 million, before increasing that figure to 9.5% in 2009. Intel also held a significant number of shares in the Hertfordshire-based company at one point (up to 16%) but sold the last of them off in February 2015.
Last week Imagination Technologies announced that longtime CEO Hossein Yassaie was stepping down and that an additional 200 jobs were being cut on top of 100 that had already been announced.
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Sometimes Larry And Sergey Don't Tell Eric Schmidt About Google's Acquisitions Till Later
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Google CEO Eric Schmidt confessed at a press conference in New York today that he didn't know his company acquired Keyhole -- now known as Google Earth -- until after the fact. The same goes for Android.
The detail came up after a reporter asked Eric about Google's plans to buy a startup a month.
Reporter: Please talk about M&A plans and goal of one acquisition per month.
Schmidt: That’s been our historic pattern. I think we will be buying small companies – 5, 10 people. That’s where some of our best stuff has been. One day Larry and Sergey bought Android, and I didn’t even notice. Think about the strategic opportunities that has created. Sergey found Google Earth one day while he was surfing on the Web. And then he walked into my office and told me he bought them. “And I said, “for how much,” Sergey?” And it turned out to be a few million.
Media Memo's Peter Kafka highlighted these other tidbits from the press conference:
"Brin expressed contrition over recent Gmail outages, and said the company was working both to prevent future failures, and to react more quickly if and when they do happen. But he reiterated the argument, common among cloud computing fans, that conventional email systems fail much more frequently."
"Schmidt repeatedly defended the proposed settlement Google had reached with authors and publishers regarding its book archive. Recurring theme: It’s not a perfect settlement, but it’s workable."
"Schmidt stressed the importance of porting Google’s Chrome browser to Apple’s Mac platform, and said that would happen within months."
"Schmidt said Google was working on ways to help publishers sell their work on the Web (via one-offs or subscription). But he said he had no interest in promoting one publisher’s results over another, as AP officials had recently suggested: ““We have to be very very careful not to favor one media organization over another, with regard to speed or latency.”"
Continue reading at Media Memo >
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Sometimes Larry And Sergey Don't Tell Eric Schmidt About Google's Acquisitions Till Later
Sometimes Larry And Sergey Don't Tell Eric Schmidt About Google's Acquisitions Till Later
"Sergey found Google Earth one day while he was surfing on the Web. And then he walked into my office and told me he bought them. “And I said, 'for how much,' Sergey?"
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Who Are Microsoft, Oracle, And HP Most Likely To Buy Next?
http://www.businessinsider.com/handicapping-the-next-big-tech-acquisitions-2011-5
en-us
Wed, 25 May 2011 13:23:00 -0400
Tue, 21 May 2013 21:44:05 -0400
Matt Rosoff
http://www.businessinsider.com/c/4dddead9cadcbb1060090000
Corrector
Thu, 26 May 2011 01:53:29 -0400
http://www.businessinsider.com/c/4dddead9cadcbb1060090000
Small typo here: Kelleher's name is actually spelled "Kellehar".
http://www.businessinsider.com/c/4dddaf8dccd1d5b908140000
Will
Wed, 25 May 2011 21:40:29 -0400
http://www.businessinsider.com/c/4dddaf8dccd1d5b908140000
It tells you also quite a bit abt. the quality of the GigaOM report. Looks like more of a name dropping approach w/o any backround research to me. Such reports are basically rubbish.
http://www.businessinsider.com/c/4ddd7db5ccd1d5e534200000
Ariez Dustoor
Wed, 25 May 2011 18:07:49 -0400
http://www.businessinsider.com/c/4ddd7db5ccd1d5e534200000
Yes, eBay bought WHERE in April of this year.
http://www.businessinsider.com/c/4ddd63cb4bd7c87f18060000
dcohen24
Wed, 25 May 2011 16:17:15 -0400
http://www.businessinsider.com/c/4ddd63cb4bd7c87f18060000
If Im not mistaken, terracotta was already purchased earlier in the month byu Software AG. This probably makes an acquisition by IBM much less likely
<a href="http://www.informationweek.com/news/software/app_optimization/229625518" target="_blank">http://www.informationweek.com/news/software/app_optimization/229625518</a>
http://www.businessinsider.com/c/4ddd4f8fccd1d565641d0000
Steven
Wed, 25 May 2011 14:50:55 -0400
http://www.businessinsider.com/c/4ddd4f8fccd1d565641d0000
Microsoft should buy Netflix next.
Steven
http://www.businessinsider.com/c/4ddd43d3ccd1d5cf58080000
coolrepublica
Wed, 25 May 2011 14:00:51 -0400
http://www.businessinsider.com/c/4ddd43d3ccd1d5cf58080000
This is the second time that I have seen someone proposed a company that Ebay has already bought. I guess if a tree falls in the forest and no one cares did it fall question applies to ebay acquisitions.
http://www.businessinsider.com/c/4ddd404b49e2ae6b06200000
Matt
Wed, 25 May 2011 13:45:47 -0400
http://www.businessinsider.com/c/4ddd404b49e2ae6b06200000
Didn't Ebay already buy Where? | M&A | 1 | [
{
"label": "M&A",
"score": 1
}
] |
Builders FirstSource to Acquire ProBuild
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Jeremy Nelson rebuilds his home after it was destroyed when a tornado hit in Joplin, Missouri.
Joe Raedle/Getty Images
Shares of Builders FirstSource are surging.
The Dallas-based building-materials company announced plans to acquire ProBuild Holdings for $1.63 billion in cash.
The companies said in a statement that now is the time to capitalize on the US housing recovery.
"We are very pleased to announce this compelling combination with ProBuild to create a more diversified company with enhanced scale and an improved geographic footprint that will drive significant value for our customers and stockholders," Builders FirstSource CEO Floyd Sherman said.
"As the U.S. housing market continues its recovery, we believe now is the ideal time to position Builders FirstSource for its next phase of growth and value creation."
The combined company would have had revenues of around $6.1 billion in 2014; Builders FirstSource reported 2014 revenue of $1.6 billion.
The combined company will generate between $100 million and $120 million in cost-saving synergies, which as we’ve highlighted, can come with job cuts.
The deal is expected to close in the second half of 2015.
Here's a chart showing the spike in trading:
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Confirmed: Instagram Closed A $50 Million Financing At A $500 Million Valuation Before It Was Acquired By Facebook - Business Insider
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Facebook 'Flipped Out' After Instagram Recently Raised $50 Million
Alyson Shontell
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APWe've confirmed from two sources, one involved and one familiar with the matter, that Instagram closed a $50 million round at a $500 million valuation prior to its $1 billion acquisition.
The round's close was first reported by Alexia Tsotsis of TechCrunch.
"Instagram raised money on a Thursday and sold on a Tuesday -- 2X money in four days!" we were told.
Investors were Sequoia Capital, Thrive Capital and Greylock Capital.
Here's what happened:
Kevin Systrom, Instagram's CEO and co-founder, didn't want to sell the company. So he raised $50 million with every intent of growing Instagram into a massive business.
When Facebook learned of the closed round, it "flipped out," says a source (we've always said Facebook was threatened by Instagram).
The source says Facebook swooped in after the financing; the billion-dollar acquisition deal was made in the last 24 hours. Facebook wasn't part of the talks when Instagram closed its $50 million round a week prior.
Multiple sources tell us that Sequoia had no idea that Instagram was going to sell, and was investing to help Instagram build a long-term business. But the firm isn't exactly upset over doubling the value of its investment in a matter of days.
AllThingsD's Liz Gannes reported that Sequoia was close to investing in Instagram last week.
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Facebook 'Flipped Out' After Instagram Recently Raised $50 Million
Facebook 'Flipped Out' After Instagram Recently Raised $50 Million
The Facebook $1 billion acquisition happened in the last 24 hours, says an inside source.
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Google Bullied Out Of Another $26.5 Million In Cash By On2 Shareholders - Business Insider
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Google Bullied Out Of Another $26.5 Million In Cash By On2 Shareholders
Jay Yarow
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Google has agreed to amend the terms of its On2 acquisition.
All On2 common stock holders will receive $0.15 per share of On2 stock in cash, in addition to having their On2 stock converted into $0.60 worth of Google common stock, as was previously announced.
Originally, it was an all stock deal valued at $106.5 million. It will now be worth $133 million.
On2 has 176.4 million shares outstanding, according to Google Finance. So, Google will have to cough up an extra $26.5 million in cash. A pittance for the search giant.
Google sweetend the deal after On2 shareholders held up the merger complaining that it was not a fair deal.
In the release, Google says this is its final offer.
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Google Bullied Out Of Another $26.5 Million In Cash By On2 Shareholders
On2 shareholders had been holding back the merger.
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The 16 Biggest Corporate Mega-Deals Of All Time
Mamta Badkar
Feb. 13, 2014,
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Comcast Cable announced today that it will acquire Time Warner Cable in a $45.2 billion deal. Including Time Warner's debt, the deal is valued at nearly $67 billion which is what the Bloomberg data represents.
While this may seem like a mega-deal, its actually only the sixteenth largest in M&A history.
The biggest deal by far was the AOL-Time Warner merger at $186.2 billion, which ultimately turned out to be a flop. The two companies split in 2009.
On the back of that announcement, we dug around to find the biggest mergers and acquisitions of all time.
Bloomberg/Business Insider
We've clarified the deals where the names of some companies have changed..
The biggest deal refers to the AOL-Time Warner merger, Time Warner is the current name of the acquirer.
The second biggest deal refers to Vodafone Airtouch's acquisition of Mannesmann. Vodafone Group is the current name of the acquirer.
The tenth biggest deal refers to Comcast acquires AT&T Broadband from AT&T.
The fourteenth largest deal refers to Citicorp's merger with Travelers Group. The acquirer is now known as Citigroup.
The fifteenth largest deal refers to SBC Communications acquisition of Ameritech. The acquirer is now known as AT&T.
Note: We culled the data from Bloomberg. The list only goes back to 1998.
SEE ALSO: Here's The One Sentence That Has Every Comcast And Time Warner Cable Employee Terrified
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The 16 Biggest Corporate Mega-Deals Of All Time
The 16 Biggest Corporate Mega-Deals Of All Time
Comcast Cable announced today that it will...
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AOL has acquired mobile ad tech company Millennial Media
Lara O'Reilly
2015-09-03T12:07:46Z
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AOL CEO Tim Armstrong.
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AOL has acquired mobile-focused ad tech company Millennial Media for $1.75 per share, a deal valued at ~$238 million.Millennial Media is currently trading at around $1.34, with a market cap of $187 million. The company's stock was as high as $23.50 a share after it went public in 2012 at an IPO price of $13.
AOL, now owned by Verizon, says the acquisition will "add a leading supply-side platform for app monetization" and add significant mobile brand advertising scale to its One by AOL advertising platform.Millennial Media's mobile ad network spans more than 65,000 apps and 1 billion users globally.The deal is similar in some respects to Yahoo's $200 million to $300 million acquisition of mobile analytics firm Flurry last year. It's all about building a stronghold in mobile. Why? Because mobile is one of the fastest-growing online advertising segments. Cowen & Company predicts mobile advertising spend will grow from $3.8 billion this year to $9.2 billion in 2018, at a compound annual growth rate of 35%. In a press release, AOL president Bob Lord says: "AOL is well positioned as consumers spend more and more time on mobile devices, and as advertisers, agencies and publishers become more reliant on programmatic monetization tools. As we continue to invest in our platforms and technology, the acquisition of Millennial Media accelerates our competitive mobile offering in ONE by AOL and enhances our current publisher offering with an ‘all in’ monetization platform for app developers.”
Millennial Media's stock has lost almost 40% in value over the past 12 months. It its second quarter, Millennial Media posted a 2% year-on-year revenue decline to $65.8 million. It's almost unheard of for ad tech companies to report a decline in revenue — investors usually get spooked enough if growth declines.TechCrunch (also owned by AOL) reported that AOL was looking to acquire Millennial Media in July. Back then the rumored price tag for the company was $300 million.When rumors first emerged of a possible sale to AOL, one source told Business Insider: "[Millennial Media CEO] Michael Barrett is a great strategist of ad tech, having flipped numerous companies, and his ability to see the value in ad tech. The man is a genius."Barrett joined Millennial Media in January 2014. In 2011 he sold Admeld, an advertising-optimization platform for publishers, to Google for $400 million. He joined Google for a brief period after the acquisition but went on to become Yahoo's global chief revenue officer in 2012. Later that year he founded Ichabod Farm Ventures, a consulting and angel investment firm.
He still invests in ad tech companies and is among the investors in a new "ad blocker blocker" company Sourcepoint, which was also founded by a former Googler.AOL was acquired by Verizon for $4.4 billion in May. At the time observers said AOL's strong presence in online content, plus Verizon's huge bank of customer data would set merged companies up to be a contender with the likes of Google and Facebook in the online advertising market. Now Verizon/AOL has added some more mobile ad tech weaponry to its arsenal.
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AOL Beats Wall Street Expectations and Announces Huge Acquisition
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AOL Posts Healthy Earnings And Announces Huge Acquisition
Nicholas Carlson
2013-08-07T11:29:00Z
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In addition to announcing a $405 million acquisition, AOL reported its second quarter earnings this morning.
AOL says it beat Wall Street expectations in both revenues and profits.
Analyst Victor Anthony of Topeka Capital says AOL slightly missed on its revenues and beat EBITDA expectations by 6%
Here's AOL's release.
And this is the note AOL PR sent out with the details:
Versus Estimates:
Adjusted OIBDA of $108.3, $7M higher than the Street’s $101M
Reported EPS of $0.35 was $0.03 higher than the Street’s $0.32. Excluding the items impacting comparability detailed on page 9 of the release would get you to an Adjusted EPS of $0.46, which is $0.04 ahead of the consensus estimate of $0.42.
Total Revenue of $541.3M
Trends:
Grew all advertising revenue lines year-over-year for the second consecutive quarter
Grew global advertising revenue year-over-year for the 9th consecutive quarter
Grew search revenue year-over-year for the 4th consecutive quarter
Grew combined AOL Properties Display and Third Party Network Revenue 7% year-over-year – an apples to apples look to some of our peers.
Third Party Network revenue grew 9%, its 9th consecutive quarter of year-over-year growth.
Subscription revenue trends continue to improve, with year-over-year revenue decline of 5% and churn of 1.4% both near historical lows
Traffic on AOL Properties Grew 3% Year-over-Year
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Groupon Makes An Acquisition To 'Build Something New' - Business Insider
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Groupon Makes An Acquisition To 'Build Something New'
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Apr. 17, 2012,
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Groupon has acquired Ditto.me, a service that helps you find restaurants, movies, and other things to do using your phone.
In order to give the acquisition "100%," Ditto.me is winding down its service as of April 30th and removing the app from the Apple and Nokia app stores.
The company is unable to reveal the specific details of what it'll be working on with Groupon, but a tweet from Ditto founder Jyri Engeström says they'll be working together to "build something new."
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Jimmy John's Acquired by Arby’s Owner Inspire Brands
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Arby's owner is acquiring Jimmy John's as it continues on its quest to create a fast-food empire
Mary Hanbury
2019-09-25T13:01:45Z
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Inspire Brands, the parent company of Arby's and Buffalo Wild Wings, announced Wednesday that it will be acquiring US sandwich chain Jimmy John's.The financial terms of the deal have not yet been disclosed. Following the completion of this deal, Inspire will become the fourth-largest restaurant company in the US. Inspire has been slowly building out its fast-food empire. In September, it acquired burger chain Sonic for $2.3 billion.Visit Business Insider's homepage for more stories.
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Inspire Brands, the parent company of Arby's and Buffalo Wild Wings, announced Wednesday that it will be acquiring US sandwich chain Jimmy John's.The financial terms of the deal have not yet been disclosed. However, following its completion Inspire will become the fourth-largest restaurant company in the US. "Jimmy John's is a great fit for the Inspire family," Paul Brown, cofounder and CEO of Inspire Brands said in a statement to the press on Wednesday. "What started in 1983 as a sandwich shop in a converted garage in Charleston, Illinois, has grown into a national, differentiated brand with a passionate fanbase. We are excited to welcome the Jimmy John's brand to Inspire and look forward to working with their team and franchisees to help the company achieve its next stage of growth."Brown has been slowly building out a fast-food empire under the Inspire umbrella. The group was created in 2018 after Arby's acquired Buffalo Wild Wings. Last September, Inspire acquired burger chain Sonic for $2.3 billion.
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Jensen Huang, CEO of Nvidia, shows the Drive Pegasus robotaxi AI computer at his keynote address at CES in Las Vegas, Nevada, U.S. January 7, 2018.
Rick Wilking/Reuters
Nvidia said Sunday it has agreed to buy chip designer Arm from Softbank, in a major deal that's expected to have a sizable impact on the semicondutor industry.
Nvidia CEO Jensen Huang told employees in an email that the $40 billion deal would tranform the chip giant in to a dominant player in "the age of AI."
Masayoshi Son, chairman and CEO of Softbank, called Nvidia "the perfect partner for Arm."
Arm will maintain its business of licensing its chip designs to outside firms. Arm-based processors are popular in smartphones and the data center market alike.
Visit Business Insider's homepage for more stories.
Nvidia said Sunday it is buying UK-based Arm from Softbank for $40 billion in a stunning deal that would transform the graphics chip giant into a major AI powerhouse.The news ended weeks of speculation about Nvidia's reported interest in the chip design company that became a major player in the semiconductor market, posing a serious challenge to giants like Intel.Nvidia said that it plans to issue $1.5 billion in equity to Arm employees as part of the deal. In a press release, Nvidia says that it expects the deal to close within 18 months, and leave Softbank with a stake in Arm of about 10%. "We are joining arms with Arm to create the leading computing company for the age of AI," Nvidia Jensen Huang said in a letter to employees on Sunday, in a memo reviewed by Business Insider. "AI is the most powerful technology force of our time. Learning from data, AI supercomputers can write software no human can."
Some analysts have said Nvidia faces major regulatory hurdles in any bid to acquire Arm, which licenses its technology to other major chip companies that compete with Nvidia. In an interview with Business Insider in July, Bernstein analyst Stacy Rasgon said: "The regulatory and the customer backlash I think will be significant."Nvidia has been a dominant vendor in the graphics chip market. In recent years, it has emerged as a major player in AI technologies which have required semiconductors with more computing power to process huge amounts of data.Nvidia's graphics processors used for gaming and high-end graphics for blockbuster movies proved to work much better for these data-intensive systems than those offered by rivals led by Intel.By buying Arm, which Softbank and its Vision Fund subsidiary acquired for $32 billion in 2016, Nvidia will be able to gain access to another critical chip technology in the tech industry. Nvidia will now have access to the technology of a company that created power-efficient chip designs now widely-used in the mobile market. Arm's chip designs are also now being used to run data centers, a fast-growing and lucrative market for chip makers.
"Amazingly, AI software can perceive its environment, infer the best plan, and act intelligently. This new form of software will expand computing to every corner of the globe," Huang said in his letter. "Someday, trillions of computers running AI will create a new internet — the internet-of-things — thousands of times bigger than today's internet-of-people."Masayoshi Son, chairman and CEO of Softbank, called Nvidia "the perfect partner for Arm.""Since acquiring Arm, we have honored our commitments and invested heavily in people, technology and R&D, thereby expanding the business into new areas with high growth potential," he said in a statement. "Joining forces with a world leader in technology innovation creates new and exciting opportunities for Arm."Got a tip about Nvidia or another tech company? Contact this reporter via email at [email protected], message him on Twitter @benpimentel or send him a secure message through Signal at (510) 731-8429. You can also contact Business Insider securely via SecureDrop.
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Google Acquires Channel Intelligence For $125 Million - Business Insider
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Google Spends $125 Million On Channel Intelligence To Improve Google Shopping
Jay Yarow
Feb.
6, 2013,
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Google has acquired Channel Intelligence for $125 million in cash.
According to its blog, Channel Intelligence (CI) tracks online retail sales for a number of categories ranging from computing to consumer packaged goods.
We're unfamiliar with Channel Intelligence, but we assume it will be a part of Google's efforts to ramp up shopping. On its site, CI talks about working with Google shopping and boosting traffic for retailers.
One of the looming threats for Google is the continued strength of Amazon. When people want to buy stuff online, they will skip Google and head straight to Amazon. Inside Amazon they will search, and then buy stuff.
Google's business is built around people searching on Google for things to buy. That's the most valuable search from a commercial perspective. Google is trying to improve its shopping services to combat users tendency to go straight to Amazon.
We assume CI will be a part of improving shopping so that when people search on Google for products it will list better, more relevant results for users. And from a retailers perspective, this could help get more relevant results to show up.
Here's the release:
RADNOR, Pa., Feb. 6, 2013 (GLOBE NEWSWIRE) -- ICG Group, Inc. (ICGE) ("ICG") is pleased to announce that one of its consolidated companies, Channel Intelligence, Inc. ("CI"), has entered into a definitive agreement to be acquired by Google Inc. (GOOG) for $125 million in cash. The transaction, which is subject to customary closing conditions, is expected to be completed in the first quarter of 2013.
ICG is expected to realize approximately $60.5 million in connection with the transaction. A portion of ICG's proceeds will be held in escrow and will be subject to potential identification claims. ICG does not expect to owe any income taxes in connection with the transaction.
"Building upon the perseverance and strong foundation laid by CI's founder Rob Wight, I am extremely proud of the work we accomplished at CI," said Doug Alexander, CEO of CI and President of ICG. "With the talent and hard work of the entire CI team, we successfully navigated a very complex marketplace, ending a record year that culminated in this very exciting acquisition."
"The sale of CI to Google is a testament to the quality of its technology and its strong team led by ICG President, Doug Alexander, who positioned the company to succeed in the rapidly growing e-marketing industry," said Walter Buckley, CEO of ICG. "As drivers and architects of CI's growth and success, we are very pleased with this outcome."
"I am thrilled to see the recognition of value for what this company has accomplished," said Rob Wight, Founder and Chairman of CI. "Our vision for CI started with the desire to simplify the online shopping experience. Under the leadership of Doug and ICG, CI greatly enhanced its value proposition to its customers and partners. I am very proud to see our vision executed to this great outcome."
About ICG
ICG (ICGE) identifies, capitalizes and grows companies in the cloud-based software and services sectors. These companies transform the way business is done by enabling enterprises to increase efficiencies and improve and automate critical processes. ICG leverages its unique expertise to carefully identify companies based on their potential to become market-changers and market-leaders. ICG is focused on building profitable businesses in the cloud-based software and services sectors by infusing them with management expertise, strategic and operational guidance, as well as growth capital.
The ICG logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=7794
About Channel Intelligence
Channel Intelligence helps marketers outperform online with its CI Boost services: Facebook Platform, Where-to-Buy, Product Search Engines and Shopping Engine solutions. Relied upon by companies such as Target, Philips, HP, Neiman Marcus, Best Buy and Kimberly-Clark, CI tracks nearly 15 percent of US transactions online and drives $2 billion in sales annually in referred sales online in computing products, home improvement products, appliances, consumer electronics, toys and a variety of other consumer packaged goods. CI is owned by ICG and Aweida Capital Management. Learn more at www.channelintelligence.com.
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VMware Acquires Virsto - Business Insider
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VMware Buys Startup Virsto To Fend Off Microsoft
Julie Bort
Feb. 12, 2013, 12:10 PM
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Mark Davis, CEO, VirstoLinkedIn/Mark DavisVMware bought Sunnyvale storage startup Virsto today for an undisclosed sum.
The acquisition of Virsto, which is 50-people strong, is significant because it helps VMware fend off Microsoft.
Virsto allows a company's storage to be managed like it's one big hard drive, even if the company is using different types of storage technologies or the storage is located in different areas.
Microsoft is breathing down VMware's neck with a competing technology known as Hyper-V. Hyper-V is included in Microsoft's flagship server operating system, Windows Server 2012.
For many years, Hyper-V was considered the cheaper, less desirable alternative to VMware's flagship software. But Microsoft loaded WS2012 with features that, in some cases, leapfrog VMware's. One of these better features is called Storage Spaces, which works a lot like Virsto.
VMware owns 90% of the enterprise market, and Microsoft's Hyper-V isn't going to change that. But the issue is growth, which will come from small companies and large, cloud-provider data centers. Both can be very cost-conscious, which makes Microsoft more appealing to them.
Silicon Angle's John Furrier offers an excellent deep-dive analysis of the Virsto acquisition.
SEE ALSO: 10 Months From Launch To Sale: Behind The Latest Ludicrously Fast Exit In Enterprise
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BlackBerry in talks to buy Cylance - Business Insider
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BlackBerry is in talks to acquire cybersecurity company Cylance for $1.5 billion
Becky Peterson
2018-11-09T20:23:02Z
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BlackBerry is in talks to buy the cybersecurity startup Cylance for as much as $1.5 billion, sources told Business Insider.A deal could be announced as soon as next week.
BlackBerry is in discussions to acquire the cybersecurity startup Cylance, according to multiple sources familiar with the matter.A deal could be announced as soon as next week, the sources said, though they cautioned that it could still fall apart.Sources believe the price of the deal could be as much as $1.5 billion, though the exact financial terms could not be learned.Cylance, based in Irvine, California, develops artificial-intelligence-based products to protect companies from cyberattacks. It has raised $327 million in venture-capital funding, according to PitchBook, and was recently considering filing for an initial public offering, several sources told Business Insider.The six-year-old startup competes with CrowdStrike — which is planning an IPO valuing the company at more than $3 billion, according to a recent Reuters report — in the fast-growing market for cybersecurity services.BlackBerry has been expanding its security offerings, as it has shifted from selling mobile-phone hardware to providing enterprise software and services to business customers.Cylance brought in more than $130 million in revenue for fiscal 2018, representing 90% year-over-year growth, a press release from June said. Cylance also has 4,000 customers, according to the release.BlackBerry declined to comment. Cylance did not return a request for comment.
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Yahoo May Acquire AppNexus - Business Insider
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Brian O'Kelley Is Really Enjoying All The Speculation That Yahoo May Acquire AppNexus
Jim Edwards
Jun. 17, 2013, 11:06 AM
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Brian O'KelleyBusiness Insider VideoAppNexus CEO Brian O'Kelley seems to be enjoying all the media attention his company has been getting in the wake of Yahoo's $1.1 billion deal for Tumblr.
With Yahoo CEO Marissa Mayer clearly still in acquisition mode — she bought two more startups last week — everyone wants to know if she might sign a really big check for AppNexus, New York's biggest adtech company.
O'Kelley teased Business Insider with a coy answer to the question last week, in which he declined to deny that he might file for an IPO in the foreseeable future. With 500 employees, $700 million in adspend under management, and $141 million in funding, a deal or public offering for AppNexus would require billions to close.
Here's what O'Kelley told The Guardian recently:
"I cannot imagine Yahoo buying us," he says. "But I can't stop them writing a cheque so big that I couldn't say no. I am, at some point, subject to many, many zeros."
A many-zeroed deal for AppNexus isn't an outlandish idea. It was Yahoo that bought O'Kelley's previous company, Right Media, for $850 million in 2007.
SEE ALSO: AppNexus CEO Says IPO Could Be Dependent On Timing Or Acquisition Prospects
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Brian O'Kelley Is Really Enjoying All The Speculation That Yahoo May Acquire AppNexus
Brian O'Kelley Is Really Enjoying All The Speculation That Yahoo May Acquire AppNexus
"I can't stop them writing a cheque so big that I couldn't say no. I am, at some point, subject to many, many zeros."
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RTL, the German TV and radio broadcastin
Lara O'Reilly
2016-03-21T09:16:14Z
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RTL, the German TV and radio broadcasting company, has acquired video ad tech specialist SmartClip for around €47 million ($52.8 million,) Frankfurter Allgemeine Zeitung reported. In a press release, Anke Schäferkordt, CEO of Mediengruppe RTL Deutschland, said the acquisition will "significantly strengthen our position as a major sales house for video advertising."
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ZA | M&A | 0.990361 | [
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Google has acquired Incentive Targeting, - Business Insider
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Google's New Acquisition Sure Makes It Seem Like It's Gunning For Amazon
http://www.businessinsider.com/googles-new-shipping-acquisition-makes-it-pretty-clear-that-its-gunning-for-amazon-2012-12/comments
en-us
Wed, 31 Dec 1969 19:00:00 -0500
Thu, 26 Nov 2015 20:19:50 -0500
Alyson Shontell
http://www.businessinsider.com/c/50bce85a6bb3f70a0d000010
Matty N
Mon, 03 Dec 2012 12:58:50 -0500
http://www.businessinsider.com/c/50bce85a6bb3f70a0d000010
How is this taking on Amazon exactly? And how would Google buying UPS (seems extremely unlikely) be taking on Amazon? If Google becomes a retailer then they are taking on Amazon. Google tinkering with fulfillment? I don't see it as much of a challenge. This seems more like a headline grab than a substantive piece.
http://www.businessinsider.com/c/50bbd285eab8ea372b00001d
Iuri G
Sun, 02 Dec 2012 17:13:25 -0500
http://www.businessinsider.com/c/50bbd285eab8ea372b00001d
there was one article about this and it came out to be a fake. is this another fake?
http://www.businessinsider.com/c/50bae009ecad04823d000028
RGK
Sat, 01 Dec 2012 23:58:49 -0500
http://www.businessinsider.com/c/50bae009ecad04823d000028
Also keep in mind Amazon has had this tech on trial for a least a year. I've used it a few times and it works great.
Amazon.com/locker
http://www.businessinsider.com/c/50ba56f8ecad04a141000018
Blair Houghton
Sat, 01 Dec 2012 14:14:00 -0500
http://www.businessinsider.com/c/50ba56f8ecad04a141000018
I don't see the conflict. Amazon pays for shipping, so it charges for shipping. If it can use BufferBox instead of UPS or FedEx, and BufferBox costs less than UPS or FedEx, then you can buy goods from Amazon for lower total cost. That drives sales to Amazon. Getting bought by Google means BufferBox will be overdeployed rather than underdeployed (that's what Google's cash does for Google; lets it be sloppy and buy certainty), which will just make it more likely Amazon will make BufferBox an option. Even under Amazon Prime. This is no more competition for Amazon than UPS or FedEx is now. So the thesis of the article makes no sense.
In fact, if I were cynical, I'd think the only point of the article is to get the Americutie spam link in the author's contact info onto the webpage. If I were cynical. | M&A | 1 | [
{
"label": "M&A",
"score": 1
}
] |
E-Commerce Startup Fab Acquired A Nordic Furniture Company
http://www.businessinsider.com/fab-has-acquired-a-furniture-company-2014-6/comments
en-us
Wed, 31 Dec 1969 19:00:00 -0500
Wed, 25 May 2016 21:02:46 -0400
Jay Yarow
http://www.businessinsider.com/c/53a18ac76bb3f78d78ccff9d
depression
Wed, 18 Jun 2014 08:49:11 -0400
http://www.businessinsider.com/c/53a18ac76bb3f78d78ccff9d
Now he has a legal excuse to take business trips to Europe. | M&A | 1 | [
{
"label": "M&A",
"score": 1
}
] |
12 Companies Oracle Could Buy to Grow Its Cloud Business
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12 companies Oracle could buy to grow its cloud business and capitalize on its $28 billion Cerner acquisition
Paayal Zaveri
2022-04-11T12:00:00Z
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Larry Ellison, the founder of Oracle.
Robert Galbraith/Reuters
This story is available exclusively to Insider subscribers.
Become an Insider and start reading now.
Oracle bought the healthcare firm Cerner last year for $28 billion to help grow its cloud business.
It may be considering more acquisitions to help it expand its cloud efforts this year, analysts say.
Here are the 12 companies analysts said Oracle could consider buying to build out its strategy.
Oracle shocked many in December by announcing it would acquire the medical-records giant Cerner for a whopping $28 billion. But it was just another strategic step toward building out the $217 billion software company's cloud business.The deal gives Oracle a foothold in healthcare, an industry slowly adopting cloud technology. It's an advantageous buy to help it get ahead as an underdog in cloud compared with giants like Amazon Web Services and Microsoft Azure. And it reflects the firm's priorities to grow its cloud-infrastructure business this year, as Insider has previously reported.Oracle will most likely be looking for ways to add value to its cloud technology and help it capitalize on the Cerner deal once it closes. One way it might do that is through acquisitions, analysts tell Insider.Over the years, Oracle has been known to make some bold M&A moves. Shortly after the dot-com crash, the company launched a hostile takeover of a rival enterprise-software maker, PeopleSoft. Later, Oracle bought the server giant Sun Microsystems and the cloud-software company NetSuite after the Great Recession.Insider asked analysts which companies Oracle could be eyeing for its next acquisition. Given trends toward cloud dominance, possible takeover targets include collaboration tools, customer-support software, implementation partners with industry expertise, and employee-management tools, analysts say.Oracle declined to comment on potential acquisition targets. Company valuations listed are according to the most recent data from PitchBook.Here are the 12 companies analysts said Oracle could look to acquire this year, listed from smallest to largest valuations or market caps:
Apex IT: valuation undisclosed
Chris Rapp, Apex IT's CEO.
Linkedin
As Oracle looks to get further into industry-specific technology, one route it could go is acquiring service partners that help implement its products. Rebecca Wettemann, an analyst at Valoir, said it would help the firm make the most of its Cerner acquisition and stitch together the technologies for customers.Apex IT helps customers in the media, public sector, and life-sciences industries, among others, to implement and configure their Oracle and Salesforce technologies.Wettemann said it was a good fit because Apex IT had been an Oracle implementation partner for a long time and was familiar with the technology.
Humanity: $50.64 million valuation
Humanity's website.
humanity.com
Humanity is a workforce-management platform that helps with scheduling, payroll, and human-resources documentation.Given Oracle's existing HR-oriented software tools, adding this type of technology would benefit customers, especially in remote-work environments, Valoir's Wettemann said.An acquisition that would extend Oracle's existing capabilities would make sense, she said. But Humanity was recently acquired by a private-equity firm in 2020, which could complicate future deals.
Socrates.ai: $70 million valuation
Randy Womack, CEO at Socrates.ai.
LinkedIn
Socrates.ai makes an artificial-intelligence-powered assistant to help with employee experience, IT security, and software engagement. It can also integrate with different tools and automate routine tasks.Valoir's Wettemann said it'd make an interesting acquisition for Oracle.While Oracle continues to transition users on to new versions of PeopleSoft's human-resources software, Socrates.ai could help integrate the platforms. The tools Socrates.ai makes help connect multiple back-end systems, according to Wettemann."This could help Oracle in transitioning existing PeopleSoft customers to Oracle HCM while complementing its existing AI capabilities and strategy," she said.
Connecteam: $800 million valuation
Amir Nehemia, the CEO of Connecteam.
LinkedIn
Connecteam sells scheduling tools, training resources, and communication products for managers to communicate with employees. It is meant to be used by companies with a remote or distributed employee base.Valoir's Wettemann said this kind of platform would augment Oracle's own human-resources software tools and help its customers who're trying to adapt to remote work.Wettemann added that finding technology that could meaningfully add to Oracle's existing HR tools would be a good way to keep customers while adapting to their changing needs.
Box: $4.1 billion market cap
Box CEO Aaron Levie.
Steve Jennings/Getty Images for TechCrunch
Box has been thought of as an acquisition target for a larger software company for a while now. So, Oracle may be interested in it for a collaboration- or productivity-tool acquisition, the Futurum Research analyst Dan Newman said.But that may not come anytime soon. Box won a board fight against the activist investor Starboard last year, when the investor raised concerns with Box's growth and wanted to push for a sale.After a $500 million investment from the private-equity firm KKR last April, analysts told Insider that Box had probably pushed off or at least delayed any kind of sale.Still, Box would give Oracle a content-management and collaboration tool that would complement its other software applications, Newman said. While Oracle has tools for enterprise resource planning, human resources, and customer experience, it's lacking in collaboration and productivity tools.
Monday.com: $6.34 billion market cap
The founders Eran Zinman and Roy Mann with colleagues at Nasdaq for Monday.com's first day as a public company.
Monday.com
Valoir's Wettemann identified Monday.com as a collaboration company Oracle could look to acquire.Monday.com is a work-management platform with low-code tools, or products that can be customized without knowledge of coding languages. It can be used for tasks including project-management tools and customer-relationship databases. By acquiring Monday.com, Oracle would gain a low-code platform to cross-sell to customers and could augment its own growing low-code tools. Oracle's current endeavors into low code include its human-resources tools."Monday would also give them a simple low-code platform that could support business user-driven workflows and automation to complement Oracle's largely developer-focused development capabilities," Wettemann said.
Five9: $7.8 billion market cap
Five9 CEO Rowan Trollope.
YouTube/Five9
While Zoom's proposed takeover of Five9 was abandoned last year, analysts say contact-center software is still in high demand.Numerous analysts said Five9 would be a good takeover target for Oracle given the company's efforts to compete with Salesforce in customer-relationship management."All the CRM players recognize the walls are coming down between contact center and traditional CRM," Valoir's Wettemann said, adding that a strategy of integrating the tech into Oracle's product base, rather than taking a build-your-own-technology approach, would give Oracle a competitive edge.Five9 also has an existing partnership with Oracle, so integration would be easier, she said.
NICE: $14.1 billion market cap
Barak Eilam, CEO of NICE.
NICE
To make a move into the contact-center space, Oracle may consider acquiring the call-center firm NICE, according to Valoir's Wettemann.In addition to competing with Salesforce in the customer-relationship-management market, this kind of deal would also help highlight Oracle's cloud-infrastructure business. The technology would fit in nicely with Oracle's customer-experience tools and show customers how Oracle's cloud infrastructure could grow and scale, Wettemann said.NICE also has an existing partnership with Oracle, she noted.
Zendesk: $15 billion market cap
Zendesk CEO Mikkel Svane.
Zendesk
Zendesk would be an interesting company for Oracle to buy given its focus on customer service and experience, Futurum Research's Newman said. Its real-time self-service tools for customer service would round out Oracle's current products and give Oracle another way to compete with Salesforce and Microsoft in the space, he said. The tools Zendesk offers are something all major CRM players are looking to build or acquire. Earlier this year, an activist investor pressured Zendesk to terminate its proposed offer to acquire Momentive, formerly Survey Monkey. During that time, Zendesk also rejected an acquisition offer from a consortium of private-equity firms for as much $16 billion, saying the now-defunct deal to acquire Momentive would generate more shareholder value. While it's unclear whether the company would consider another takeover offer, its technology would fit with Oracle's strategy.
Splunk: $21.9 billion market cap
Doug Merritt, the CEO of Splunk.
Splunk
Futurum Research's Newman said Splunk's set of data analytics, security, and management apps would be a good fit for Oracle.Splunk helps security and IT teams make large datasets from their company's networks to analyze performance.Oracle's focus on growing its cloud infrastructure would be bolstered by the technology Splunk offers because it gives customers a way to manage all the data they're storing in the cloud, he said."When you got a big cloud, you've got apps running in the cloud, you want to play in that space," Newman said.The Wall Street Journal reported in February that Cisco had recently offered Splunk more than $20 billion to acquire the company but that the talks weren't currently active.
Zoom: $34.2 billion market cap
Zoom CEO Eric Yuan.
(Kena Betancur/Getty Images)
Zoom is a long shot as a takeover target for Oracle. It has a large market cap, has experienced huge overall growth during the coronavirus pandemic, and is focused on expanding its platform.Nonetheless, Zoom's technology would give Oracle the collaboration tools it's missing, Futurum Research's Newman said. Zoom's video tools, along with its growing chat and event products, would give Oracle another way to compete with Microsoft Teams and Salesforce's Slack.Zoom also had a widely publicized partnership with Oracle, struck at the beginning of the pandemic. While an acquisition would be a long shot, it's not impossible given that Zoom's market cap has come down from where it was peak pandemic, according to Newman."That would be a very interesting and fast way inorganically to grow," he said.
Atlassian: $74.3 billion market cap
Atlassian co-CEOs Mike Cannon-Brookes and Scott Farquhar.
Atlassian
Over the years, Oracle has never made a huge dent in the collaboration-software market.But as it looks to compete with players like Salesforce, Microsoft, and Amazon Web Services, a collaboration tool would help attract more customers, Valoir's Wettemann said.Salesforce has Slack, and Microsoft's strategy centers on Microsoft Teams. If Oracle wants to give its cloud customers more added value, Atlassian's array of developer-friendly collaboration tools like JIRA and Confluence would fit in.Atlassian's tools "would appeal to Oracle developer teams (that are already using it)" and give Oracle a foothold in the collaboration space while proving to customers it can handle large workloads on its cloud infrastructure, Wettemann said.
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American Eagle Acquires Walmart Alum's Logistics Startup
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American Eagle Outfitters has quietly acquired a nascent logistics startup helmed by a former Walmart e-commerce boss
Emma Cosgrove
2021-08-25T16:07:59Z
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American Eagle painted a recent acquisition, made with no public announcement, as part of an ongoing supply chain transformation.
Budrul Chukrut/SOPA Images/LightRocket/Getty Images
This story is available exclusively to Insider subscribers.
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American Eagle Outfitters has acquired Seattle-based logistics startup AirTerra.
The startup was cofounded by former Walmart e-commerce leader Brent Beabout.
AirTerra will function independently from the AEO organization and AEO will be a customer.
In an unusual move for a retailer, American Eagle Outfitters (AEO) has quietly acquired a logistics startup called AirTerra, the retailer confirmed to Insider. AirTerra is a Seattle-based logistics startup cofounded by former e-commerce logistics leader at Walmart and Nordstrom, Brent Beabout. It claims to "level the playing field for small and mid-size shippers" by aggregating packages from multiple senders to get better pricing, and designing efficient routes to the final destination using regional parcel carriers and the USPS. AirTerra had not raised any publicly disclosed funding when it was acquired, and the companies did not publicly announce the acquisition.In an industry that tends to outsource the work of moving goods, it's unusual for a retailer to acquire a logistics company, but not unheard of: Target, for one, purchased Shipt for $550 million in 2017. But compared to Shipt, AirTerra is tiny: It shipped its first packages just this week, according to sources familiar with the company, and offers shipping to 61% of the US population. (American Eagle's two publicly disclosed acquisitions in the last 10 years were both clothing brands.)American Eagle painted the acquisition as part of an ongoing supply chain transformation — a plan it fast-tracked due to the pandemic, COO Michael Rempell told Insider in February. Priorities included opening smaller urban distribution centers and using data to make sure inventory was stored in the best possible place for fast delivery. The company said in June it had increased shipping efficiency and cut 1.5 days off of its average shipping time. But medium-sized shippers like AEO are in need of even more delivery capacity going into their second holiday season in a pandemic. Last October, AEO began a partnership with ShopRunner (recently acquired by FedEx) to offer free same-day shipping to six major cities, and expanded the program to 50 cities in June. Rempell said the team prides itself on being "aggressive adopters of new tools and technologies," in a Medium post announcing the expansion. Working with AirTerra could be another step in that direction. "We have already made tremendous strides in our efforts to increase speed, resiliency and diversification; yet believe we have an incredible opportunity before us to become even faster, more agile and more efficient," AEO Chief Supply Chain Officer Shekar Natarajan, told Insider. "The acquisition of a leading logistics business, AirTerra, and the deep experience its leadership team brings, only further fuels our excitement in the pursuit to provide a differentiated, best-in-industry experience for our customer."(Natarajan worked with Beabout when the two overlapped at Walmart from 2014 to 2016.)Beabout was a top-tier e-commerce leader at Walmart when the retailer acquired Jet.com in 2016 and placed startup cofounder Mark Lore at the helm of its online strategy. In early 2017, Beabout left to become Chief Supply Chain Officer of Nordstrom. He has also held engineering and supply chain roles at Amazon, DHL, and Office Depot. Other leaders at AirTerra include Walmart transportation alum Erik Milici, warehouse operations expert and Prologis alum Jim Bowes, and Larry Arnstein, who spent 11 years at Impinj, the company behind the RFID technology that enables checkoutless stores. AirTerra will operate independently, with AEO and other retailers as customers. American Eagle's CEO is billionaire Jay Schottenstein, who also serves as chairman of AEO's board, and executive chairman of the board for footwear retailer DSW. A source familiar with the deal predicted DSW would also likely work with the startup.
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Amazon Roomba Acquisition 'Most Dangerous' in Company History: Expert
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Amazon bought the company that makes the Roomba. Antitrust researchers and data-privacy experts say it's 'the most dangerous, threatening acquisition in the company's history'
Katherine Tangalakis-Lippert
2022-08-08T12:55:00Z
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An Amazon "experience center" in Vallejo, California, on May 8, 2018.
Elijah Nouvelage/REUTERS
Amazon on Friday said it acquired iRobot, the company that makes Roomba vacuums, for $1.7 billion.
The deal prompted concerns from data-privacy experts and antitrust researchers.
People don't buy a Roomba to have it "spying on the layout of your home," a researcher said.
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After Amazon on Friday said it acquired iRobot, the company behind Roomba vacuums, data-privacy experts and antitrust researchers quickly raised alarm, saying the tech giant could use the purchase to vacuum up personal information from inside users' homes. Advanced Roomba vacuums have internal mapping technology that learns the floor plan of a user's home. The devices can also "adapt to and remember" up to 10 floor plans "so users can carry their robot to another floor or a separate home, where the robot will recognize its location and clean as instructed," press releases by iRobot say. Some models have low-resolution cameras to avoid obstacles and aid in mapping."People tend to think of Amazon as an online-seller company, but, really, Amazon is a surveillance company. That is the core of its business model, and that's what drives its monopoly power and profit," Evan Greer, the director of the nonprofit digital-rights-advocacy organization Fight for the Future, told Wired. "Amazon wants to have its hands everywhere, and acquiring a company that's essentially built on mapping the inside of people's homes seems like a natural extension of the surveillance reach that Amazon already has."Ron Knox, a senior researcher and writer for the Institute for Local Self-Reliance — a nonprofit that gives tech assistance to community businesses — said in a series of tweets after the acquisition was announced that the $1.7 billion deal, the fourth-largest acquisition in Amazon's portfolio, "may be the most dangerous, threatening acquisition in the company's history."
The move, Knox told Insider, is uniquely dangerous for a few reasons: First, Amazon will be acquiring an established market share, not a startup, which he said would cut off competition in a market that already wasn't competitive and could further Amazon's reach. Second, because of the massive amount of data that comes with accessing iRobot's established data sets, Amazon can collect new information through the robots, he added. "I think this feels really intrusive to people — and it should," Knox told Insider. "Like, when people buy a Roomba, it's because they want clean floors. They don't buy a Roomba to have a little robot inside of your house spying on the layout of your home and whether or not you have a crib in your house or whether or not there are pet toys and a pet bed in a room of your house. So then it can funnel that information to Amazon, and Amazon can push whatever dog-toy ads to you the next time you log on."Amazon declined to be interviewed by Insider on data-privacy concerns but indicated the company didn't sell consumer data to third parties or use it for purposes customers "haven't consented to." "Protecting customer data has always been incredibly important to Amazon, and we think we've been very good stewards of peoples' data across all of our businesses," an Amazon spokesperson said in a statement emailed to Insider. "Customer trust is something we have worked hard to earn — and work hard to keep — every day."
Robert Weissman, the president of Public Citizen, a nonprofit consumer-rights advocacy group, said federal regulators should prevent Amazon's purchase of iRobot, citing concerns over the company's 56.7% market share."The last thing American and the world needs is Amazon vacuuming up even more of our personal information," Weissman said in a statement. "This is not just about Amazon selling another device in its marketplace. It's about the company gaining still more intimate details of our lives to gain unfair market advantage and sell us more stuff."The deal has not been approved by Federal Trade Commission regulators, who could terminate the deal under antitrust laws.The Roomba deal isn't the only recent Amazon acquisition to raise privacy concerns. The announcement came less than a month after Amazon announced a $3.9 billion deal to acquire One Medical — which prompted worries about privacy because of the nature of medical-data collection.
Ring, the company's security-surveillance doorbell — which partners with thousands of police departments — acknowledged in a letter to Sen. Ed Markey of Massachusetts last month that it had shared with law enforcement footage taken from 11 customers' residences without warrants, Politico reported."When the company that has its cameras and microphones in your speakers, your doorbell, your security cameras tries to buy the company that knows the shape and contents of your home, it's bad in all the ways," Knox said.
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AlphaBoost Is Looking To Be Acquired
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Nudity, Drunken Stupidity And A Jerk-Of-A 'Friend' May Cost A Startup Founder His Acquisition
Megan Rose Dickey
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LinkedInMatt MonahanAlphaBoost CEO Matt Monahan is currently trying to sell his social marketing startup, Nitasha Tiku and Patrick Clark of BetaBeat report.
But that might prove to be a bit more difficult than expected, in light of his "friend" posting a video of Monahan drunk and naked while on vacation in India to Facebook.
The video, which shows Monahan completely nude and slurring, was picked up by Gawker's Sam Biddle and later, BetaBeat.
Monahan and his two friends arrived at the private beach resort Surya Samudra a couple of days ahead of Dave McClure's "Geeks On a Plane" tour, where Monahan is a mentor, according to BetaBeat.
But it turns out that around the same time Monahan was drinking on the beach, he sent out an email to investors about his discussions with "stakeholders" at companies like Facebook, Salesforce, and Oracle, some of which "fell flat." He also wrote about his upcoming meetings with Google and Yahoo, according to an email leaked to BetaBeat.
In the email, Monahan wrote that AlphaBoost had received a verbal offer for a deal that was expected to materialize in mid-March. As part of that deal, the acquiring company would exclusively license AlphaBoost's technology, AlphaBoost would shut down, and the whole team would join the acquiring company.
As of January 31, AlphaBoost had four months of runway left with clients spending more than $32 million on the platform. As a back-up plan, AlphaBoost intended to meet with investors next month to discuss a potential Series A round.
It may be an expensive lesson learned. We're not sure who looks worse, Monahan, or the jerk-of-a "friend," Inc 30 Under 30 founder Jesse Thomas, who posted the video. Thomas also posted naked photos to Facebook, as if the embarrassing video wasn't enough.
Business Insider has reached out to both McClure and Monahan. We will update this story if we hear back.
UPDATE: We just spoke with McClure about the situation, who won't speak for Thomas and Monahan's judgment at this point, but says theyr'e both smart folks. He says, despite Monahan running around drunk and naked, Monahan's business is still interesting.
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Nudity, Drunken Stupidity And A Jerk-Of-A 'Friend' May Cost A Startup Founder His Acquisition
Nudity, Drunken Stupidity And A Jerk-Of-A 'Friend' May Cost A Startup Founder His Acquisition
Very, very uncool to post a video of your naked friend to Facebook.
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A Chinese Company Is Buying America's Biggest Pork Company
Sam Ro
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Flickr/I Believe I Can FrySmithfield Farms, the U.S. pork producer and maker of hams, is getting acquired by Shuanghui International.
Smithfield stockholders will get $34 per share. The stock is up 25% in pre-market trading.
China is the world's largest producer and consumer of pork.
And China's pork industry has not been without controversy.
Recently two farmers were arrested after they sold 40 tonnes of diseased pork. Also, hundreds of dead pigs were recently found floating in a river near Shanghai.
Here's an excerpt from the press release:
SMITHFIELD, Va. and HONG KONG, May 29, 2013 (GLOBE NEWSWIRE) -- Smithfield Foods, Inc. (SFD) and Shuanghui International Holdings Limited today announced that they have entered into a definitive merger agreement that values Smithfield at approximately US$7.1 billion, including the assumption of Smithfield's net debt. Shuanghui International is the majority shareholder of Henan Shuanghui Investment & Development Co. (000895.SZ), which is China's largest meat processing enterprise and China's largest publicly traded meat products company as measured by market capitalization.
Under the terms of the agreement, which has been unanimously approved by the boards of directors of both companies, Shuanghui will acquire all of the outstanding shares of Smithfield for US$34.00 per share in cash. The purchase price represents a premium of approximately 31% over Smithfield's closing stock price on May 28, 2013, the last trading day prior to today's announcement.
"This is a great transaction for all Smithfield stakeholders, as well as for American farmers and U.S. agriculture," said C. Larry Pope, president and chief executive officer of Smithfield. "We have established Smithfield as the world's leading and most trusted vertically integrated pork processor and hog producer, and are excited that Shuanghui recognizes our best-in-class operations, our outstanding food safety practices and our 46,000 hard-working and dedicated employees. It will be business as usual -- only better -- at Smithfield. We do not anticipate any changes in how we do business operationally in the United States and throughout the world. We will become part of an enterprise that shares our belief in global opportunities and our commitment to the highest standards of product safety and quality. With our shared expertise and leadership, we look forward to accelerating a global expansion strategy as part of Shuanghui."
"We are pleased to have reached this agreement with Smithfield, which represents a historic opportunity for both companies and their stakeholders," said Shuanghui chairman Wan Long. "Shuanghui is a leading pork producer in China and a pioneer in the Chinese meat processing industry with over 30 years of history. Smithfield is a leader in our industry and together we will be able to meet the growing demand in China for pork by importing high-quality meat products from the United States, while continuing to serve markets in the United States and around the world. The combination creates a company with an unmatched set of assets, products and geographic reach."
Mr. Wan continued: "The acquisition provides Smithfield the opportunity to expand its offering of products to China through Shuanghui's distribution network. Shuanghui will gain access to high-quality, competitively-priced and safe U.S. products, as well as Smithfield's best practices and operational expertise. We were especially attracted to Smithfield for its strong management team, leading brands and vertically integrated model. We look forward to working with Larry Pope and the many talented employees at Smithfield to grow the combined company as a leading global pork and processed meat producer with the same vision and values of providing high-quality and safe products to consumers."
Shuanghui is committed to continuing the long-term growth of Smithfield, and continuing to work with American farmers, producers and suppliers who have been critical to Smithfield's success.
Shuanghui will continue its long-term strategy and vision to become a global leader with strict adherence to the highest standards of quality control and safety compliance. Its agreement to acquire Smithfield is fully aligned with this focus. Shuanghui will maintain the excellence in Smithfield's brands and strategic priorities. Together, Shuanghui and Smithfield will enhance their competitiveness, contributing to a more secure future for the Chinese and U.S. pork industries.
Mr. Pope added, "This transaction provides Smithfield shareholders with significant and immediate cash value for their investment, and ensures that Smithfield will continue to execute on its strategic priorities while maintaining our brand excellence, community involvement, and our commitment to environmental stewardship and animal welfare. Our board of directors is pleased with the outcome of the process we followed leading to this transaction, and we unanimously believe that this combination with Shuanghui is in the best interests of the Company, our shareholders and all Smithfield stakeholders."
SEE ALSO: 14 Facts About The Staggeringly Huge Chinese Pork Industry >
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Bolt Acquires Wyre in Race to Beat Shopify, Amazon
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The checkout startup Bolt is putting the pressure on Shopify and Amazon with its $1.5 billion acquisition of the crypto startup Wyre as it races to beat the e-commerce giants to Web3
Madeline Stone and
Ann Gehan
2022-04-11T17:11:56Z
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From left, Wyre CEO Yanni Giannaros, the Bolt founder and executive chairman Ryan Breslow, and Bolt CEO Maju Kuruvilla pose together at the Bitcoin Conference.
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Bolt is acquiring the crypto startup Wyre in a deal valued at $1.5 billion.
The deal could allow Bolt to offer one-click checkout with crypto.
Bolt CEO Maju Kuruvilla said the goal is to keep innovating so that its merchants stay ahead.
Bolt, a one-click checkout company, has acquired the crypto startup Wyre in a deal valued at $1.5 billion. The deal — the largest in the crypto space to date — represents an escalation of the frenzied competition in one-click checkout. Bolt's specialty is storing shoppers' payment and shipping information so that they can check out with just one click. Wyre's platform enables developers to build crypto and decentralized-finance apps. Together, they hope to allow more merchants to offer crypto as a payment option for shoppers making online purchases. Those purchases could be for physical goods as well as for digital items like nonfungible tokens. Bolt CEO Maju Kuruvilla said Bolt was interested in the acquisition because it's a strong believer in the future of crypto. Bolt also heard from merchants that shoppers paying with crypto tended to spend twice as much as those who spend by credit card. Having crypto available as a payment method also helped merchants to attract new customers, Kuruvilla said. "Accessing this new segment of shoppers who are spending a lot of money is a top priority for a lot of retailers and brands," he said. "It's extremely hard today to enable crypto as a payment option for merchants, and even if you enable crypto payment for shoppers, it's a multistep, high-friction process to use crypto as a payment option to buy things." Bolt is hoping that its acquisition of Wyre will help make that process easier. The acquisition is its second — it announced its acquisition of the Swedish social-commerce company Tipser in November — and its biggest yet. Bolt recently closed a $355 million Series E that valued it at $11 billion, and the company is in talks to raise another round that would value it at $14 billion. Before it was acquired, Wyre had raised more than $29 million from investors including Great Oaks Venture Capital, Draper Associates, Stellar Development Foundation, and Pantera Capital. It has about 130 employees around the world, though it has its headquarters in San Francisco. The two parties began discussions in November. The Wyre team was initially interested in simply striking a partnership with Bolt, but it was eventually drawn in by the one-click-checkout company's vision to go all-in on crypto, Wyre CEO Yanni Giannaros said. "Once I really started piecing together how massive this is in setting a new standard and bringing billions of people into crypto and really getting this out to the entire planet, instead of just like a small segment of kind of a cultlike following in the crypto ecosystem, I was bought in," Giannaros said.Getting ahead of Amazon in the race to Web3Kuruvilla said he views powering one-click checkouts with crypto as a chance to get ahead of e-commerce incumbents like Amazon. "Most of the companies in e-commerce largely have been following what Amazon is doing, and everyone is trying to catch up," Kuruvilla told Insider. "We want to invert that and lead with innovation."The announcement of the acquisition comes after recent upheaval in the one-click-checkout world, with the competing startup Fast announcing in early April that it would shut down after struggling to raise new capital and onboard larger customers. Fast's main product was a button that allowed customers to make purchases directly from a product's page instead of having to navigate to checkout. Once a customer had entered their information into Fast's system, they could check out seamlessly without having to log in or reenter their information. Fast struggled to make inroads in the crowded checkout world, highlighting how difficult it can be for such companies to differentiate themselves. Bolt will also face competition from other one-click players offering crypto options. Rally, which allows merchants to integrate its headless-checkout software alongside other features on their sites, allows shoppers to pay in crypto using Coinbase Commerce. Rally also allows merchants to sell NFTs and issue discounts or limit access to products based on the NFTs in a user's digital wallet.It's not just startups like Bolt and Rally, either. Larger players want in on Web3 too. Shopify launched an NFT beta program late last year, which allows merchants to mint and sell their own NFTs and accepts payments in crypto using processors including Coinbase Commerce and BitPay. Strike, a digital-payments app, announced an integration with Shopify on Thursday that will allow merchants to accept bitcoin payments and instantly convert them to dollars.Reflecting on the competitive landscape, Kuruvilla said Bolt has a leg up thanks to partnerships with players like BigCommerce, Adobe, and a recently signed deal with the sports e-commerce company Fanatics."We are seeing a lot of traction from both sides," Kuruvilla said. "For us, crypto is more of a futuristic innovation that we want to drive."
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Yahoo's Working On Two Large Acquisitions
http://www.businessinsider.com/yahoo-acquisitions-2013-3/comments
en-us
Wed, 31 Dec 1969 19:00:00 -0500
Sun, 07 Feb 2016 01:53:58 -0500
Owen Thomas
http://www.businessinsider.com/c/513a142569bedd3b47000010
duh
Fri, 08 Mar 2013 11:39:01 -0500
http://www.businessinsider.com/c/513a142569bedd3b47000010
Aol
http://www.businessinsider.com/c/51398a09eab8eaf508000021
junk science
Fri, 08 Mar 2013 01:49:45 -0500
http://www.businessinsider.com/c/51398a09eab8eaf508000021
congrats to whoever is about to win the lottery. yahoo will hold you to a short transition period, then just take the money and run. they're going to ruin whatever you sold them either way. i cannot think of a company that has bungled acquisitions more than yahoo...
http://www.businessinsider.com/c/51395f9169beddaf0e00001a
Garlic Eye
Thu, 07 Mar 2013 22:48:33 -0500
http://www.businessinsider.com/c/51395f9169beddaf0e00001a
Any chance that they could be looking at Automattic, makers of WordPress?
http://www.businessinsider.com/c/513932ccecad04e917000006
TJ Pker
Thu, 07 Mar 2013 19:37:32 -0500
http://www.businessinsider.com/c/513932ccecad04e917000006
Dude, you missed the perfect opportunity to place a photo of Marissa! Tsk tsk.
http://www.businessinsider.com/c/513929f569bedd650a000013
cmonster
Thu, 07 Mar 2013 18:59:49 -0500
http://www.businessinsider.com/c/513929f569bedd650a000013
Acquisitions = Collaboration?
Seems like there may be some upcoming redundancies which would merit a reduction of staff. | M&A | 1 | [
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12 Goldman Prop Traders Could Be Bought by KKR
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12 Goldman Prop Traders Could Be Bought By KKR
Courtney Comstock
2010-09-08T14:56:00Z
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The latest news about Goldman's biggest proprietary trading unit, Principal Strategies, which is in the process of spinning out from the firm, is that the unit is in talks with private equity firms which apparently might want to acquire some or all of the traders.From CNBC's Kate Kelly:
Around 12 of the 50 traders are in talks with KKR or another PE firm, who might want to acquire some of the traders.The only word on which traders might be bought by an outside firm is that the deal would exclude the European and Asian arms of business.The reason Goldman is probably looking for buyers is probably that the firm will try to make as much money on the spin-off as possible.The word is that it's not Goldman looking for buyers, it's the individual traders, led by Bob Howard.
Gary Townsend, an analyst with Hill-Townsend Capital, said on Friday that he it worried him that he hadn't seen Goldman making moves to profit off the firm's dissolving of the prop trading part of their business.So selling a piece of the business to a big firm like KKR, who could pay a lot, could be a good move.Apparently that is still a concern.We'll keep you posted on more news as we get it.
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Google's 15 Biggest Acquisitions And What Happened To Them
Matt Rosoff
Mar. 14, 2011, 12:31 PM
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APGoogle has a reputation as an innovative company, but in fact it owes a lot of its success to acquisitions.
Google basically bought AdSense, the paid search platform that made it a financial powerhouse, from Applied Semantics in 2003.
In addition, three of the four non-search businesses that Google has identified as its future -- YouTube, Android, and display advertising -- were acquired and run more or less independently today. The fourth -- enterprise apps -- was helped greatly by the acquisition of Postini.
There were also plenty of acquisitions that never paid off. Google is not as bad as Microsoft in this respect, but it does have a couple of embarrassing $100 million mistakes.
Join us as we count down Google's top 15 acquisitions by value and show what happened to them.
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Disney closes $71 billion deal for 21st Century Fox — and it's likely to shake up the media landscape
Mae Anderson,
Associated Press
2019-03-20T05:02:09Z
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Disney closed its $71 billion acquisition of Fox's entertainment business, putting "Cinderella," ''The Simpsons," ''Star Wars," and "Deadpool" under one corporate roof.Disney aims to better compete with technology companies such as Amazon and Netflix.Disney CEO Bob Iger said in an earnings call in February that Disney Plus and other direct-to-consumer businesses were Disney's "No. 1 priority."Disney also gets a controlling stake in the streaming service Hulu, which it plans to keep operating as a home for more general programming.
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Disney has closed its $71 billion acquisition of Fox's entertainment business, putting "Cinderella," ''The Simpsons," ''Star Wars," and "Deadpool" under one corporate roof.The deal is likely to shake up the media landscape. Among other things, it paves the way for Disney to launch its streaming service, Disney Plus, due out later this year.By buying the studios behind "The Simpsons" and X-Men, Disney aims to better compete with technology companies such as Amazon and Netflix for viewers' attention — and dollars.Disney needs compelling TV shows and movies to persuade viewers to sign up and pay for yet another streaming service. It already has classic Disney cartoons, "Star Wars," Pixar, the Muppets, and some of the Marvel characters. With Fox, Disney could add Marvel's X-Men and Deadpool, along with programs shown on such Fox channels as FX Networks and National Geographic. Fox's productions also include "The Americans," ''This Is Us," and "Modern Family."
The deal helps Disney further control TV shows and movies from start to finish — from creating the programs to distributing them though television channels, movie theaters, streaming services, and other ways people watch entertainment. Disney would get valuable data on customers and their entertainment-viewing habits, which it can then use to sell advertising.Read more: I flipped Warren Buffett's 80/20 rule on its head, and the swap saved me time, money, and worry
Disney CEO Bob Iger.
Getty/Michael Tullberg
Disney CEO Bob Iger said in an earnings call in February that Disney Plus and other direct-to-consumer businesses were Disney's "No. 1 priority."Cable and telecom companies have been buying the companies that make TV shows and movies to compete in a changing media landscape. Though internet providers like AT&T and Comcast directly control their customers' access to the internet in a way that Amazon, YouTube, and Netflix do not, they still face threats as those streaming services gain in popularity.
AT&T bought Time Warner last year for $81 billion and has already launched its own streaming service, Watch TV, with Time Warner channels such as TBS and TNT, among other networks, for $15 a month.In addition to boosting the Disney streaming service, expected to debut next year, the deal paves the way for Marvel's X-Men and the Avengers to reunite in future movies. Though Disney owns Marvel Studios, some characters including the X-Men had already been licensed to Fox.Disney also gets a controlling stake in the existing streaming service Hulu, which it plans to keep operating as a home for more general programming. Family-friendly shows and movies will head to Disney Plus.No pricing has been disclosed for Disney Plus. The streaming service will feature five categories of material: Disney, Pixar, Marvel, "Star Wars," and National Geographic. Disney charges $5 a month for ESPN Plus, a service that offers programming distinct from the ESPN cable channel.
Meanwhile, Fox Corp. — the parts of 21st Century Fox that are not part of the deal, including Fox News, Fox Sports, and Fox Broadcasting — started trading on the Nasdaq under the FOX and FOXA tickers on Tuesday.
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How the Washington Post Changed After Jeff Bezos Acquisition
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How Amazon CEO Jeff Bezos reinvented The Washington Post, the 140-year-old newspaper he bought for $250 million
Eugene Kim
2016-05-15T12:55:21Z
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Amazon CEO Jeff Bezos.
AP
A lot of people were surprised when Amazon CEO Jeff Bezos bought The Washington Post for $250 million in 2013.
At the time, The Post was a legacy media company facing years of decline, while Bezos had no prior experience in the newspaper business.But in less than three years, Bezos has completely changed the outlook of the 140-year-old newspaper. Its readership has exploded, and its content has become more suitable for the digital world.Here's a look back at how Bezos revitalized The Washington Post since taking over less than three years ago: Disclosure: Jeff Bezos is an investor in Business Insider through his personal investment company Bezos Expeditions. An earlier version of this article failed to disclose this in an editorial error.
Bezos initially wasn't sure if he wanted buy the Post. But after a couple meetings with former owner Don Graham, Bezos became intrigued.
Amazon CEO Jeff Bezos
REUTERS/Rick Wilking
Source: The Wall Street Journal
“I didn’t know anything about the newspaper business … But I did know something about the internet," Bezos told Business Insider in a 2014 interview. "That, combined with the financial runway that I can provide, is the reason why I bought The Post.”
Michael Seto/Business Insider
Source: Business Insider
In fact, Bezos liked the opportunity so much that he didn't do any due diligence and just signed the first $250 million offer sheet that came from Graham.
Kevork Djansezian/Getty Images
Source: Fortune
Bezos isn't involved in setting The Post's editorial direction at all. But he's taken a more hands-on approach on the business and technology sides to reinvent the paper as a "media and technology company."
Amazon CEO Jeff Bezos
AP Photo/Reed Saxon
Source: AFP
Under Bezos, The Post has revamped its website and mobile apps. It also created software called "Arc," which gives better analytics and marketing features for the publication.
Washington Post
Source: AFP
That's helped it take a more data-driven approach. It now employs common web strategies like "A/B testing" to track how different headlines and story framings affect readership for each story. It also created a program that takes articles from other publications and asks readers which ones they'd rather read.
Amazon CEO Jeff Bezos speaks at a news conference in front of a graphic showing the rise in sales of Kindle books during the launch of Amazon's new tablets in New York, September 28, 2011.
REUTERS/Shannon Stapleton
Source: Bloomberg
The Post now has a growing team of 700 staff members, including an engineering team that nearly tripled over the past two years. Bezos says The Post's engineering team rivals "any team in Silicon Valley."
Flickr/ Andrew Eland
Source: AFP
It's also hired a bunch of new editors and reporters lately. It now publishes 1,200 articles a day. Its content varies from breaking news and long features to fun photo slideshows like this one.
Washington Post
Source: The Wall Street Journal
Its content-distribution strategy also involved a lot of social media, like Facebook and Twitter. It also offered discounts to Amazon Prime members, while making The Washington Post app pre-installed on Amazon's Fire tablets.
Amazon founder Jeff Bezos holds the new Amazon tablet called the Kindle Fire on September 28, 2011 in New York City. The Fire, which will be priced at $199, is an expanded version of the company’s Kindle e-reader that has 8GB of storage and WiFi. The Fire gives users access to streaming video, as well as e-books, apps and music, and has a Web browser. In addition to the Fire, Bezos introduced four new Kindles including a Kindle touch model.
Spencer Platt/Getty Images
All this has translated to higher traffic. The Post surpassed The New York Times in US unique web visitors in October 2015.
BI Intelligence
Source: BI Intelligence
Bezos continues to be very involved with The Post's operations. He holds one-hour conference calls with executives every two weeks, and brings them into Seattle twice a year for longer meetings.
Amazon CEO Jeff Bezos
AP Photo/Phelan M. Ebenhack
Source: Bloomberg
Because of its affiliation with Bezos, The Post says it's now finding it a lot easier to recruit engineers. Bezos has also instilled a much stronger culture of customer obsession. Post execs often receive reader complaint emails forwarded by Bezos.
Amazon founder Jeff Bezos.
Chip Somodevilla/Getty Images
Source: Bloomberg
Bezos's impact on The Post is clear. He's revitalized its growth and turned the culture into a more tech-focused organization. But more than anything, Bezos brought a sense of confidence to a team that was getting hit by competition. One former managing director described Bezos' arrival as "all of a sudden Michael Jordan is coming to your team.”
Amazon CEO Jeff Bezos
AP Photo/Ted S. Warren
Source: Bloomberg
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Why Renren Acquired Chinese Video Site 56.com - Business Insider
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Why Renren Acquired Chinese Video Site 56.com
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Yesterday Renren (NYSE: RENN) announced that it acquired 100% of video site 56.com for $80 million. 56.com is China’s 6th most popular video site, with 7.7% market share and approximately 6.7 million average monthly uniques, according to iResearch.
The acquisition will provide Renren with a badly-needed video strategy at a bargain price. Similar to Sina’s recent acquisition of 9% of Tudou (NASDAQ: TUDO), Renren is hoping to realize synergies between its social network and user-generated video.
Addressing a Weakness: Renren’s Video Strategy
Renren currently lacks support for direct video uploads. Instead, users first have to upload their video to a third-party site like Youku (NYSE: YOKU), Tudou, or 56.com. That’s not only inconvenient, but is also at odds with the concept of a real-name social network: if a user only wants to share with his friends, why should he first have to upload to a public site?
One could ask why Renren didn’t just build this critical video upload feature itself, as Facebook did.
First, Renren is likely overstretched as it attempts to grow its core site (renren.com), its social gaming platform, a group-buying site (nuomi.com), and a professional social network (jingwei.com). An experienced team that knows both video content and advertising is a welcome addition.
Second, video advertising, where 56.com also has the experience, is far more complicated than simple video uploads. Advertising appears to be Renren’s bread-and-butter, as gaming is fading and group-buying site Nuomi’s future is uncertain (CEO Joseph Chen said Renren is providing “way too much” of the investment in Nuomi). Renren is surely gunning for a slice of the growing video advertising market and is willing to go far further than Facebook in pushing ads.
Joe Chen, Bargain Hunter
Renren CEO Joseph Chen is a bargain hunter and 56.com fit the bill. He reportedly acquired Xiaonei.com (what is Renren.com today) for less than a million dollars.
Even more important than the $80 million acquisition price is that 56.com is only losing a small amount of money ($500,000 in Q2).
Before you laugh, consider that another video acquisition–Shanda Interactive’s (NASDAQ: SNDA) acquisition of video Ku6 (NASDAQ: KUTV)–went sour after requiring large cash infusions from the parent company. Youku and Tuodu are both years away from profitability.
By comparison, 56.com is low-risk. Ad rates are rising and bandwidth costs are falling. The content costs that are rising–professionally generated content–are largely irrelevant to 56.com, as it relies primarily on user-generated content (UGC). Deutsche Bank writes, “56.com is UGC, 20% in-house production and 20% others. 90% of the traffic on 56.com is watching UGC.”
As a note of caution, geographic expansion, one additional rationale for the 56.com acquisition proposed by Deutsche Bank and other analysts, seems an unlikely proposition. Renren users are concentrated in central and northern China, while 56.com’s userbase is primarily southern. But it’s unclear how use of a video site will drive registration for a social network.
Renren is flush with $1.1 billion cash-in-hand after its well-timed IPO (the stock is down by over 60% from its IPO price of $14 in May). The acquisition establishes a video strategy that’s key to user stickiness and the growth of its advertising revenues.
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JASON CALACANIS: The 10 Acquisitions Yahoo's New CEO Should Make On Day One - Business Insider
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JASON CALACANIS: The 10 Acquisitions Yahoo's New CEO Should Make On Day One
Jason Calacanis, LAUNCH Conference - Blog
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Jason Calacanis
Jason Calacanis is an Internet entrepreneur and blogger. He is the founder of Mahalo.com, Weblogs Inc., and the Silicon Alley Reporter
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A number of folks really liked my "mobile, social and video" plan for Yahoo from yesterday, and asked me privately to expand on my ideas. In fact, a couple of the folks were from inside of Yahoo or immediately "around it" (i.e., folks engaged in the “what the hell do we do with this huge asset”).Instead of sending this to the insiders I figured I would share it with everyone in the hopes that a) you guys start reading my new blog LAUNCH on a regular basis and b) that you send me the obvious ideas I’m clearly going to miss.My Yahoo Mission StatementYahoo’s Mission: to be the most important content destination in the world.Yes, you read that correctly, my mission statement for Yahoo is to create the most important content in the world. The content that informs, entertains, shocks, connects with, infuriates and inspires people more than any other content on the planet.Not an easy task, and you’re not going to get there overnight. A realistic bill for my overhaul given Yahoo’s huge checkbook and traffic footprint is about a year and under $1B.You can’t just buy the brands below and solve the problems, you have to buy these brands and build a competitive editorial structure that rewards scoops, page views, likes, comments and user contributions. You need to create an environment where the content creators and product managers are the stars -- not just the developers and sales people.The Shopping List1. Gawker: No other publisher has done as good a job of breaking news, tweaking the establishment and building brands over the past decade than Nick Denton’s Gawker. It’s tiny in terms of revenue and traffic when compared to Yahoo, but it’s huge when it comes to influence with writers, advertisers and the elite. Yahoo isn’t going to come up on Ari Gold’s desk in an episode of "Entourage," but Gawker will. Now, chances are Nick wouldn’t sell, but you never know what $150M in cash and a slot on a public board could accomplish. Yes, I would put Denton on the board of a public company. There. I’ve said it. Chance of closing: 10%. 2. Curbed.com: Since you’re not likely going to get Gawker, I’d do the next best thing and take one of the early creators of the Gawker playbook: Lockhart Steele. Curbed is hands down the best editorial product in the real estate space, and I’m certain a $50M to $75M check and a slot on the Yahoo editorial board would get Lock excited enough to cash out.Chance of closing: 50%+.3. The Atlantic: Jesus H. Christ how the hell did some antiquated, irrelevant old media brand all of sudden land dozens of the best writers in the world? Oh yeah, they gave them freedom, a killer platform and ownership in a brand they could be proud of. And look here, Gabriel Snyder of Gawker editorial director fame is right there on the masthead. It’s doubtful the class-act David G. Bradley (disclosure: investor in Mahalo), who is loving the beautiful soaring brand he bought in 1999, would sell -- but you don’t know until you put $100M in cash and a seat on the Yahoo board on the table.Chance of closing: 25%+4. Metacritic & Chow: Two brilliant asset locked inside of CNET/CBS. I’d give Jim Lanzone, head of CBS Interactive, an easy choice: sell them to us or we’re going to iterate on your brands (a.k.a. we will "Zuck" them). Some simple mockups of Yahoo Ratings and Yahoo Foodies, and the threat of them being on the homepage of Yahoo every three days should give Lanzone the proper motivation to sell. He’s savvy enough to fight for some larger distribution deal that won’t kill us. Cost: $10M to $20M each.Chance of closing: 50%+5. HowCast & Mahalo: There are only two brands that are really attacking the free education space, and I happen to own one of them. HowCast has a really great library of 10K or so videos, and Mahalo has over 50K (growing at 1k+ a month). Given the importance of continuing education and the power of self-improvement, it’s a no-brainer. Did I mention we launched our first iPad app and it sold 1K copies in the first 10 days? Cost: $75M to $150M each.Chance of closing: 50%+.5. GDGT.com: The ability to get the founders of Gizmodo and Engadget in one quick acquisition, as well as a Q&A and review platform that is industry leading, makes this a layup. I can’t say too much about this one since I’m on the board and an angel investor, but Peter Rojas and Ryan Block are two of the top 10 most respected names in all of tech -- and two of the top three in consumer electronics. You put these two killers in charge of tech, let them revamp Yahoo Answers and create a Yahoo Reviews product, and you’re well on your way to actually building real community at Yahoo again.Cost: $50M.Chance of closing: 50%+.6. This Week in Tech: Leo Laporte has a built a huge video footprint in technology slowly and authentically over the past five years. He’s probably doing $5M a year in revenue and that could be exploded to $50M by leveraging Yahoo’s assets. Backing up $50M, promising editorial freedom and shipping 10M uniques a month to the best podcasts in the business would get Leo to sell I’m certain. He’s long overdue for a well-deserved pay day. (I’d throw in my little ThisWeekIn.com copy-cat network to make up with Leo to get the job done. I’ve been looking to repair that burned bridge for a while).Chance of closing: 50%+7. Business Insider: Henry Blodget is the single best content creator at Yahoo who doesn’t work for Yahoo. He’s a genius in finance, and Yahoo Finance has rested on its laurels long enough. Nick Denton was in awe of Blodget the last time we lunched -- and that’s high praise from the best publisher on the planet today. Plus Blodget is shameless in his pursuit of page views. He’ll plaster the Yahoo Homepage with his signature slideshows, contributing meaningfully to my goal of doubling the length of visits.Cost: $100M will get it done.Chance of closing: 50%+8. Sugar Publishing: Brian Sugar and his wife Lisa have locked down the female audience over the past five years. Women make most of the buying decisions for families, certainly the most important ones, and marketers love them for it. I’m going to need a cutting-edge female-centric team if I’m going get Madison Avenue excited again.Cost: $100M.Chance of closing: 50%+.9. Flipboard. A great, great app that could be skinned across every Yahoo property. $150M would get it done, and if it doesn’t, you could knock off the technology for $10M internally. I think I just talked myself into just building it actually.Chance of closing: 10%.10. Robert Scoble. Yeah, I know he’s just a dude with a huge following in tech, but he literally sees every single new piece of technology and he’s my favorite loveable, loopy, social media savant. I’m buying him out of RackSpace in exchange for $1M in Yahoo advertising and giving him and Rocky a team of five documentarians and a huge blogger lounge in the middle of the Yahoo campus just to draw nerds to the place.Chance of closing: 95%.If Yahoo closed half of these investments, Yahoo’s editorial board could include Henry Blodget, Peter Rojas, Lockhart Steele, Gabriel Snyder, Ryan Block, Leo Laporte, Brian and Lisa Sugar, Mike McCue, Robert Scoble, Nick Denton and yours truly.That’s a sick, sick, sick amount of firepower.Right about now, three dozen Yahoo sales people are printing this email out and running it to Ross Levinsohn’s office screaming, “Please for the love of God do what Calacanis is saying.... we can sell the living sh@#$t out of this plan!!!”The plan would cost well under $1B to execute on, and it would make Yahoo the most important display advertising company on the internet, while putting it well on its way to completing the mission of being “the most important content destination in the world.”If someone from Yahoo’s finance department drops off the check, I’ll get started this week.
This post originally appeared at Jason Calacanis' blog.
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JASON CALACANIS: The 10 Acquisitions Yahoo's New CEO Should Make On Day One
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Airbnb's Local-Business Strategy
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Airbnb Is Turning Itself Into A Local-Business Guide
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Localmind cofounders Lenny Rachitsky, Beau Haugh, and Nelson Gauthier
Airbnb
Airbnb just announced that it was acquiring Localmind, a five-person startup, in an apparent move to broaden its business beyond lodging into local advertising.
The price wasn't mentioned. Localmind raised $600,000 from investors including Inovia Capital and Granite Ventures last year, when it moved from Montréal, Canada, to San Francisco.
Earlier this year, Airbnb also acquired NabeWise, a New York-based startup led by Ann Montgomery, and put that five-person team to work launching a new feature called Neighborhoods which offers travelers staying in Airbnb locations information about nearby businesses.
Montgomery told Business Insider that NabeWise's strategy had been to mix "aggregated" information about local businesses gathered through automated means with content created by users.
Localmind seems right in line with that strategy. Its team was working on a question-and-answer tool which allowed people to ask about what's happening in their neighborhood. That will now become part of Airbnb's site.
Together, NabeWise and Localmind point to a strategy for Airbnb of broadening its appeal beyond hosts and guests to local businesses, too.
Travelers who don't mind renting out a stranger's spare room are typically interested in quirky cafés, art galleries, and other independent businesses. Those businesses often struggle with marketing themselves to locals and tourists alike.
At the launch of Neighborhoods, Airbnb cofounder Joe Gebbia told Business Insider that the company hoped to appeal to those businesses.
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Exxon Acquires XTO For $41 Billion - Business Insider
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Mega-Merger: Exxon Makes Huge Natural Gas Bet With Acquisition Of XTO Energy For $41 Billion
Joe Weisenthal
Dec. 14, 2009,
8:17 AM
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How about a huge energy deal to kick off your week. Exxon (XOM) is buying XTO Energy (XTO) for $41 billion.
It will be a taken as a major bullish signal on natural gas.
Earlier this month, Exxon made a presentation on how the natural-gas era was set to begin.
They were serious.
--------
IRVING, Texas--(BUSINESS WIRE)--Exxon Mobil Corporation and XTO Energy Inc. announced today
an all-stock transaction valued at $41 billion. The agreement, which is
subject to XTO stockholder approval and regulatory clearance, will
enhance ExxonMobil’s position in the development of unconventional
natural gas and oil resources.
Under the terms of the agreement, approved by the boards of directors of
both companies, ExxonMobil has agreed to issue 0.7098 common shares for
each common share of XTO. This represents a 25 percent premium to XTO
stockholders. The transaction value includes $10 billion of existing XTO
debt and is based on the closing share prices of ExxonMobil and XTO on
December 11, 2009.
“We are pleased that ExxonMobil and XTO have reached this agreement,”
said Rex W. Tillerson, chairman and chief executive officer of Exxon
Mobil Corporation.
“XTO is a leading U.S. unconventional natural gas producer, with an
outstanding resource base, strong technical expertise and highly skilled
employees. XTO’s strengths, together with ExxonMobil’s advanced R&D and
operational capabilities, global scale and financial capacity, should
enable development of additional supplies of unconventional oil and gas
resources, benefiting consumers both here in the United States and
around the world.”
Tillerson said the agreement is good news for the United States economy
and energy security, as it will enhance opportunities for job creation
and investment in the production of America’s own clean-burning natural
gas resources.
XTO’s resource base is the equivalent of 45 trillion cubic feet of gas
and includes shale gas, tight gas, coal bed methane and shale oil. These
will complement ExxonMobil’s holdings in the United States, Canada,
Germany, Poland, Hungary and Argentina.
Following the transaction closing, ExxonMobil intends to establish a new
upstream organization to manage global development and production of
unconventional resources, enabling the rapid development and deployment
of technologies and operating practices to increase production and
maximize resource value. The new organization will be located in Fort
Worth, Texas, in XTO’s current offices.
Bob R. Simpson, chairman and founder of XTO, said that over the
company’s 23-year history, XTO has developed technical expertise and has
assembled a substantial, high-quality and diverse resource base in
producing basins across the United States.
“XTO has a proven ability to profitably and consistently grow production
and reserves in unconventional resources,” said Simpson. “As the world’s
leading energy company, ExxonMobil will build on our success and open
new opportunities for the development of natural gas and oil resources
on a global basis.”
Tillerson said the agreement is part of an ongoing, disciplined
evaluation of timely investment opportunities to create value for
shareholders, and to help meet long-term global energy demand growth.
The agreement is consistent with ExxonMobil’s business model which is
focused on sustainable, long-term value creation.
Completion of the transaction is expected in the second quarter of 2010.
In connection with the transaction, J.P. Morgan Securities Inc. are
acting as financial advisors to ExxonMobil and Barclays Capital Inc. and
Jefferies & Company Inc. are acting as financial advisors to XTO.
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Mega-Merger: Exxon Makes Huge Natural Gas Bet With Acquisition Of XTO Energy For $41 Billion
Mega-Merger: Exxon Makes Huge Natural Gas Bet With Acquisition Of XTO Energy For $41 Billion
Hey, Exxon said the natural gas era was set to begin.
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The CEOs of shaving startup Harry's explain how they acquired a million customers in 2 years
Richard Feloni
2015-12-17T15:31:00Z
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Harry's cofounders and co-CEOS Jeff Raider and Andy Katz-Mayfield in their New York City headquarters.
Hollis Johnson
Dollar Shave Club, with its reported two million members, may be the clear leader in the emerging men's razor subscription service market, but younger New York startup Harry's is catching up quickly; and it's doing it with far less spending on traditional advertising.
Since launching in March 2013, Harry's has focused on a selective and efficient influencer model as opposed to using their capital to catch as many eyeballs as possible.Harry's says it has reached well over a million total online customers (defined as people who have purchased at least one item) and is approaching one million subscribers, while maintaining a 60% retention rate among customers who started receiving Harry's razors in the mail every month or every few months."The way we think about [marketing] is that we introduce the brand to people through a credible source," cofounder and co-CEO Jeff Raider said. "So the best form of advertising is you trying Harry's, liking it, and then you telling your friends about it. And that always has been, since the moment we launched."When Raider and his cofounder and co-CEO Andy Katz-Mayfield were developing the company pre-launch in 2012, pharmacy brands like Gillette and Schick dominated the industry due to decades of brand awareness and trust, and Dollar Shave Club began slowly acquiring momentum since launching the previous year.
Dollar Shave Club was going the traditional disrupter path of offering a sufficient alternative to mainstays that was cheaper and more convenient. The company's added value, however, was only its service, since the razors it sells are manufactured by the brand Dorco and available elsewhere at a slightly lower price.Harry's, with eight razor blades retailing for $15, would have prices comparable to Dollar Shave Club's premium offering but be of notably higher quality. Raider and Katz-Mayfield determined that the way to achieve this would be to become vertically integrated, manufacturing all of their own products rather than reselling others and owning all means of distribution.
All of Harry's products are proprietary.
Hollis Johnson
The founders' outreach focus would be, and still is, "telling guys everywhere that there is finally an option that they can be proud of" that's "at a price they feel really good about."As Raider explained in a 2014 guest post on author and investor Tim Ferriss' blog, their pre-launch strategy focused on building brand awareness through social media teasers that compelled viewers to register their emails for Harry's updates and get their friends to do the same through tiered rewards. If a person got 50 friends to sign up, he'd win a year of free shaving — more than 200 people reached that goal. On launch day, Harry's was able to send an announcement to each of the 100,000 emails it had collected in one week.
Additionally, Raider told Business Insider, Harry's team "sent the products to hundreds of people, ranging from family to friends to highly discerning grooming editors at major magazines. We wrote personal notes to each and were so excited to share the brand with them." For example, GQ's style editors enjoyed Harry's aesthetics and performance and wrote a positive review in their magazine, which drove sales.Even Raider's guest post on Ferriss' blog, with a supportive introduction from Ferriss himself, was a strong source of traffic to Harry's site due to its personalized tone and seal of approval from Ferriss to his hundreds of thousands of loyal readers.
Harry's has roughly 115 employees in its New York headquarters (pictured) and 500 in its German factory.
Hollis Johnson
Over the past couple years, Harry's has been a regular podcast advertiser, but its marketing team tries to make partnerships that will sound as authentic as possible."When we think about working with a new media partner, we send the hosts products to try out," Raider said. "We feel that it's really important for them use our product. If both parties feel like it's a good fit, we will move forward with a sponsorship, and we ask them to organically describe their personal experience with Harry's on-air."
Harry's main advantage is that it can promote having superior products and good value due to its business model. It has raised a total of $287.1 million at a valuation of $750 million, and used more than $100 million of that to acquire a German razor factory last year. Raider and Katz-Mayfield said they are using their money to further develop the factory and improve their products while maintaining their affordable prices.They think in the long term their strategy can continue to win customers from the big guys like Gillette and trump Dollar Shave Club's expensive advertising push."Our biggest challenge is just awareness," Raider said. "If you surveyed the whole US population, a very small percentage of people know that Harry's exists, what Harry's is and what it stands for. ... So I think as we get older as a business and a company and have more customers who tell more people about us, word spreads, and that's naturally led to acceleration of our growth, which has been exciting."
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Why Apple Should Acquire Nokia - Business Insider
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Why Apple Should Acquire Nokia
Tristan Louis, TNL.net
Oct.
7, 2012,
6:14 AM
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Kevin Smith, Business Insider
Tristan
Louis
Tristan
Louis is a New York-based internet entrepreneur and
journalist
Recent Posts
Net VOD in 2012 – Part 2
Streaming hits – 2012 edition
Predictions for 2013
If you were to look at how the smartphone market has led serious
blows to Nokia, you
might think the company is doomed to closure. But smart
acquisitions and an extensive patent portfolio may make them
extremely attractive for the company that served as the root of
its problems: Apple.
Patents treasure chest
Whether one likes it or not, a large portion of progress in the
mobile space will be dictated by the availability and ownership
of patents. While Apple and Samsung
are most famous for their specific fights over patented
technologies and approaches, Nokia has quietly built up a very
strong and relatively young patent portfolio. This past July, Envision IP took a look at that
portfolio and found that, in the US alone, Nokia had almost
16,000 patents around telecommunication in the US alone (and
another 20,000 patents outside of the US). With an average 13
years left on those patents, they include some of the building
blocks for the next generation of mobile telecommunication
services: building blocks technologies like GSM (which was mostly
developed by Nokia), 3G, and now LTE are all part of Nokia’s
patent portfolio. A 2011 survey showed that Nokia was the
largest patent holder for essential technologies relating to LTE.
Like everyone else, however, Nokia itself has worked on setting
partnerships with other patent-holders in order to avoid getting
sued. And, in reading some of its SEC filings,
an interesting picture emerges. For example, the company’s 2011 annual report included
the following interesting note:
In 2008, Nokia and Qualcomm
entered into a new 15 year agreement, under the terms of
which Nokia was granted a license to all Qualcomm’s patents for
the use in Nokia mobile devices and Nokia Siemens
Networks infrastructure equipment.
This essentially means that, for the next decade or so, the
company has access to a reach set of patent protection related to
LTE, as Qualcomm is the second largest holder of patents in that
space. Of course, some people might argue that another vendor
could go HSPA+ but this strategy would result in a checkmate as
Nokia not only developed but is also the single largest holder of
patents on that technology.
The giants in mobile telephony have taken notice. Last year,
Apple had to settle out of court over some of Nokia’s
patent claims. While numbers were not made public, I’ve heard
that the initial payout was north of US$500 million and that
Nokia could be making between $5 and $7 in patent fees from every
iPhone
sold. Now stop and think about this for a second: for every phone
sold by Apple, about 1% of the price goes back to Nokia (remember
that the heavy carrier subsidies cover a substantial price of the
device, which explains the difference in price between a
carrier-locked device and unlocked ones you can buy directly from
Apple). And Nokia has similar lawsuits against some Android
manufacturers.
In fact, Nokia’s patent portfolio may be valuable enough on its
own to justify buying the company. With analyst putting its value
at anywhere between US$6 and US$10 billion, one could buy a patent portfolio
and get a telecommunication and mapping company for almost free.
The forgotten map maker
Maps? Yes, maps. Over the last few years, Nokia has made a number
of bets on location and mapping, with the 2007
U$8 billion acquisition of Navteq.
This acquisition made Nokia the largest provider of mapping services in the
world. In fact, the company provides mapping services to Google, UPS,
Fedex, and many of the largest players in the automotive
industry.
When looked at in contrast to the recent release of Apple maps,
it seems that this investment is one that would greatly benefit
Apple and allow it to quickly catch up and surpass Google.
The company could decide that it would not renew its offering to
Google when that contract expires, forcing the search giant to go
and build out a greater capability in that arena if it wants to
retain its lead in the space. The reliance Google maps has on
Navteq data is still very high and this is why the company
invests heavily in augmenting the data with its own data set,
making it clear to its provider that it intends to eventually
become a competitor.
The reason for such heavy competition is that maps have become a
critical service on mobile devices. Today, it would be considered
crazy to have a smartphone that does not include a GPS and
have software on that phone which does not provide location-based
services. Google has been promoting the strength of its
mapping service for a long time and Nokia showcased it as a key differentiator in its Lumia
line.
So maps are now essential to one’s mobile
strategy and Apple is behind. When you’re as far behind as
they are, there are two ways you can get back to the table: you
can either run like crazy and try to iterate your product at
light speed or you can buy your way back at the table.
And what better company than the market leader if you are to make
the investment? On top of it, Apple would get some interesting
support for its AppleTV product.
Nokia and TV
Before I move any further, I need to make a disclosure: back in
2000, I did some consulting for Nokia helping them move photos
from camera-phones (yes, they were called that) to TV set top
boxes. The basic idea was that you should be able to see pictures
(and eventually video) you had taken on your phone and display
them on a larger TV screen. This was a feature that could be
included into set top boxes the company was selling to cable
and satellite operators. The technology continued to evolve internally but
never made it out of the labs.
Nokia, in fact, has had a long track record of providing
TV-related technology. Early this year, it sold assets and employees from its IP TV division
to Accenture. However, the company didn’t sell patents
related to that business nor did it include its mobile TV
business in the offering. Owned in a joint
venture with Siemens, Nokia is one of the world leaders in
technology relating to delivering live TV on mobile devices,
something it is offering as part of its mobile broadband infrastructure division. Such a
division would probably complicate an acquisition by Apple as it
does not provide enterprise services today.
A 3-ways deal
So what would Apple do in this case? I think it would turn around
and trade it. But who should the company trade such a giant to?
My candidate for this is Alcatel-Lucent, a company with a
substantial patent portfolio and other intellectual properties in
areas Apple may want to bolster.
For example, Alcatel-Lucent was the birthplace of Unix, which
powers Android and iOS; C and C++, the programming languages
providing parentage to Java, which serves as the basis for
Android, were also born there. If weaponized, this arsenal could
be dangerous to Google.
Alcatel-Lucent and Apple already have pre-existing relationships
as Apple licenses patents relating to audio (like portions of the
MP3 format) from them. Getting those patents would lower the
total cost of iTunes,
iPods, iPhones, and iPads for Cupertino, allowing it to increase
its margins further. And the two companies are still in court over
other Alcatel-Lucent patents Apple is using. A settlement
could include a transfer of the telecom assets Apple is not
interested in.
Competitive impact
Of course, an acquisition of Nokia would have quite an impact on
Microsoft
as it tries to make its way back into the mobile space. With
Nokia as its most important partner, Microsoft’s hope to become a
likely contender for consumers’ hearts might be dealt something
pretty close to a deathblow. The company would remain a strong
players in the areas it has power in but its attempt at getting a
strong footing in the mobile space would be the setback that
kills its ambitions there.
Meanwhile, the increase in the size of the patent portfolio Apple
would control would probably have a large impact on the company’s
lawsuits against Android manufacturers. In a world where Android
is prominent that you get a free Android phone when you buy a
magazine, Apple’s lawsuits could eventually start cutting
into that rate of growth.
In the mapping space, the company would not only become a
dominant force but would also have a way to cut off the air
supply of most of its competitors. While it would solve its
immediate problem when it comes to mapping data, it would also
have control of the data that currently powers Google maps,
Amazon, Windows
Phones, Rim, and Samsung. That’s a pretty strong position.
With a market cap of $10 billion for Nokia and Apple sitting on a
cash pile of over $100 billion, the Cupertino giant could fund
this from change it found in its couch. For the reasons listed
above, I suspect that Google and Microsoft would also jump into
the game, bidding Nokia’s share price further up. But few
companies have the buying power Apple has and it would eventually
win that fight and, once again, reorder the mobile landscape
while solidifying its own control of the future.
Tristan Louis is the founder and CEO of
Keepskor and writes the influential tnl.net
weblog, where this was initially posted under the title Why Apple should acquire Nokia. You can follow
him on twitter here or receive his weekly newsletter by
subscribing here.
Read more posts on TNL.net »
Read the original article on TNL.net.
Copyright 2012.
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Yahoo Is In Talks To Buy A Site We Actually Use, Snip.It
Kevin Smith
Jan. 22, 2013,
3:01 PM
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APNews just broke via AllThingsD that Yahoo is poised to acquire startup Snip.It.
Snip.It is a social site that resembles a mash up of Pinterest's collections and Instapaper's ability to save links for consumption later.
AllThingsD reports,
Snip.it was founded by Ramy Adeeb, who was formerly a principal at Khosla Ventures, and has funding from Khosla, True Ventures, Charles River Ventures and SV Angel.
Yahoo is paying “mid teens” of millions of dollars for the company, according to an AllThingsD source.
Here's what my Snip.It profile looks like.Snip.It
Users organize links into collections and followers subscribe to collections based on their interests.
Snip.It has a pretty robust analytics feature baked in too so you can see exactly how many people are digesting the content that you curate.
I've been using Snip.It for some time now as a way to simply remember links that I want to read later.
Mayer's intent to acquire Snip.It falls in line with her plans for the future of Yahoo.
We're not sure what will happen to Snip.It after acquisition but hopefully it won't fade out of existence.
Don't Miss: A Source Met With Marissa Mayer's Acquisitions Team, And This Is What They Said They Want To Buy >
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Google Can't Hire Anyone, So It's Going Crazy Acquiring Companies - Business Insider
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Google Can't Hire Anyone, So It's Going Crazy Acquiring Companies
Jay Yarow
Sep. 10, 2010, 12:10 PM
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In the last twelve months, Google has acquired (or planned to acquire) twenty-six different companies.
Why is Google going on such a crazy shopping spree? On a basic level, it can afford it, since it has billions in cash. And Google thinks its smart to invest in companies and people to turbo charge the company now for the future.
But, below those superficial reasons there seems to lurk a more vexing problem for Google. It's no longer a sexy growth business, and we've heard that's making it harder for Google to attract the best and the brightest in the industry.
Facebook wrested that mantle away Google. Facebook is growing like a weed, introducing new products, and most importantly pre-IPO, which means big paydays eventually for employees joining today.
Google offered $500,000 to an employee who was leaving for Facebook. He turned it down and joined Facebook anyway. (We've also heard Quora is hiring lots of talent lately. More on that later.)
Which, brings us to Google's acquisitions. It bought some big companies, but mostly it's smaller companies filled with industrious, intelligent, entrepreneurs.
Google used to be able to just hire those people. Today, if it wants them in the Google Plex it has to buy the company they're working on.
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US Intelligence Suspects Foreign Nations Of Using Corporate Takeovers To Get At Critical Tech
Max Nisen
Dec. 21, 2012, 12:15 PM
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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.
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Facebook Is Looking To Acquire Face.com For As Much As $100 Million [REPORT]
http://www.businessinsider.com/facebook-may-acquire-facecom-for-as-much-as-100-million-report-2012-5/comments
en-us
Wed, 31 Dec 1969 19:00:00 -0500
Thu, 05 May 2016 18:35:19 -0400
Seth Fiegerman
http://www.businessinsider.com/c/4fc522646bb3f7093b00000e
Peter
Tue, 29 May 2012 15:24:20 -0400
http://www.businessinsider.com/c/4fc522646bb3f7093b00000e
Automated facial recognition will just make Facebook even creepier than it already is...
http://www.businessinsider.com/c/4fc4d0e469bedd5b0e000015
fyi
Tue, 29 May 2012 09:36:36 -0400
http://www.businessinsider.com/c/4fc4d0e469bedd5b0e000015
Google+ and Android have automatic recognition and tagging of friends. The Facebook cloning machine wants the same feature.
http://www.businessinsider.com/c/4fc4ac356bb3f7275f000012
Michael O'Donnell
Tue, 29 May 2012 07:00:05 -0400
http://www.businessinsider.com/c/4fc4ac356bb3f7275f000012
Meaningless comparison? The step child ZNGA, cash rich from its recent IPO, acquired OMGPop for what I believe was $100 million. The drawing game immediately faded in popularity. ZNGA stock moved from $15- and change to just over $7-, and a true bottom might not yet be in sight. That's what companies with limited in house creativity do--spend like drunken sailors. Facebook will break $30- pretty damn quick. | M&A | 1 | [
{
"label": "M&A",
"score": 1
}
] |
The PayPal Braintree Acquisition
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Braintree Acquisition Will Push PayPal's Mobile Transactions Volume Up 170% In 2013
Tony Danova
2013-09-27T13:41:00Z
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eBay-owned PayPal yesterday announced an agreement to acquire payments company Braintree for $800 million. The acquisition would add significantly to PayPal's mobile-driven transaction volume. PayPal claims it will handle about $20 billion in mobile transactions during 2013. Braintree is set to do about $12 billion in total transactions for the year, with about $4 billion of that coming from mobile devices. Adding the two together, that equates to a 170% year-over-year lift in mobile transaction volume for PayPal. With Braintree, we expect PayPal to handle around $193 billion in digital and mobile transactions through year-end, which would be a 33% increase over 2012 (without Braintree, PayPal would only be up 25%). Aside from the added transaction volume, PayPal is after Braintree's network of clients and its mobile payments software. Braintree is a transactions platform that has also quickly adopted the mobile side of commerce and payments. The Chicago-based company powers transactions for well-regarded e-commerce sites and apps like Airbnb, Uber, Fab, and Rovio. These sites offer in-app purchases and are growing quickly in mobile sales volume and revenue. Braintree leans heavily on subsidiary Venmo for its Venmo Touch software, which stores users' payment information across a network of Braintree clients and creates a one-touch transaction. Braintree acquired Venmo last year. Venmo also operates a social payments app that allows for quick money transfers between friends. Click here to download the chart and data in ExcelClick here to see a larger version of this chart
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Comcast Has Acquired French Ad Tech Company StickyAds for More Than $100 Million
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Comcast has acquired French ad tech company StickyAds for more than $100 million
Lara O'Reilly
2016-05-09T10:27:57Z
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StickyAds.tv CEO Hervé Brunet.
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Comcast has acquired France-based ad video tech company StickyAds.tv, Recode's Peter Kafka first reported on Sunday evening.Business Insider confirmed the acquisition with a source with direct knowledge of the deal, who declined to give any further details.
UPDATE: Comcast confirmed the acquisition in an emailed press release later on Monday morning (EST,) after this story was originally published.Doug Knopper, co-Founder and co-CEO, of Comcast's ad server division FreeWheel, said: "We are very excited to make this announcement. We are bringing together two companies who deeply understand the opportunities for the ‘New TV’ ecosystem on both sides of the Atlantic. StickyADS.tv has been a preferred SSP [supply-side platform] partner since September 2015 and in that short time we have been thoroughly impressed by both the quality of their platform and the knowledge of their team."The financial terms of the deal were not disclosed. A source outside the company told Business Insider the deal was all-cash and worth at least "$100 million." StickyAds is an SSP that specializes in helping publishers and TV broadcasters sell their video advertising inventory, both online and on TV.
The company creates private exchanges so its customers can auction their ads directly to premium advertisers using automated tools, lessening the reliance on their human salesforces.Founded in 2009, StickyAds company has raised $6.11 million in investment to date, according to CrunchBase.As Recode reported, StickyAds will be integrated into Comcast's FreeWheel ad serving unit once the acquisition is complete. Comcast acquired FreeWheel for more than $320 million back in 2014.StickyAds gives Comcast's ad tech unit more programmatic functionality, which should help increase the volume of ads it sells. EMarketer predicts US programmatic video ad spend will increase 84.5% this year to $5.37 billion. StickyAds' stronghold in Europe, where it is headquartered, may also help Comcast strike up more ad deals outside the US.
The StickyAds deal is the latest in a series of new strategic buyers from the cable and telco space buying up ad tech companies. Verizon acquired AOL for $4.4 billion last year, for example, and Norwegian carrier Telenor acquired Tapad for $360 million in February of this year.Comcast's latest acquisition comes just days after its NBCUniversal division announced it plans to buy DreamWorks animation for $3.8 billion.
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Monster Misses In Apple Beats Acquisition
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Here's An Interview With The CEO Who Missed Out On The $3.2 Billion Apple-Beats Deal
Jillian D'Onfro
May 11, 2014, 10:27 AM
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Tim WhitbyMonster's Noel and Kevin Lee
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Apple is in negotiations to buy Beats Electronics, the audio company that's known for its pricey Beats By Dre headphones, for an astounding $3.2 billion.
Although you've undoubtedly seen the large, trendy headphones a time or two, you may never have heard of Monster, the audio company responsible for creating them.
Last year, Gizmodo's Sam Biddle wrote an exclusive story about how Monster inked a deal that cut it completely out of the company in 2011 when Beats sold a 51% stake to HTC. Because of those negotiations, Monster will see absolutely nothing from the Apple deal, even though Monster's Noel and Kevin Lee designed and developed the very first pair of Beats headphones and did the engineering and technology distribution for the company's first five years.
Business Insider talked to Monster's CEO Noel Lee about how he felt upon first hearing the news about this new potential acquisition.
"The immediate reaction was, what a deal for Jimmy and Dre!" Lee said. "We're very happy that they recieved such a high valuation. And I'm thinking of what that means for Monster's valuation."
Even after the split from Beats in 2011, Monster continued to create headphones, including its latest product line called Pure Monster Sounds. Lee said that it has spurred him to think that maybe Monster should be looking for a partnership with a company like Apple.
"That technology that we designed for Beats, that Beats still uses now, it's a little dated, in my opinion, and in the opinion of a lot of people on the internet," Lee said. "Our latest technology takes the enjoyment of music to the next level. So I think that this deal could shine a light on that."
For example, Pure Monster Sounds headphones sound less bass-heavy than Beats headphones do, Lee said. Ultimately, he said although that he has no regrets about Monster's partnership with Beats, he does wish that his company had gotten more out of the relationship.
"I feel that we weren't recognized," he said. "We got erased from the history of Beats. We were the founders. Most of the public has only heard a one-sided story and they're not even aware of Monster's participation. And they're not aware that we've gone onto bigger and better things."
In a nutshell, here's how Monster made what Biddle called one of the "all time worst deals" in tech history:
Noel Lee, an audiophile and an engineer, started Monster in his family's basement in 1979, making speaker cables that produced superior sound. The company expanded into HDMI cables, surge protectors, and other audio products. Kevin Lee, Noel's son, joined in the business, and after Monster's attempt at making high-end speakers flopped, they decided to try to start making headphones.
While the headphone prototypes were in the works, Kevin flew out to LA to find pop star partners for a proprietary high-definition audio format Monster was working on. There, he met Jimmy Iovine from Interscope records. Not long after, Iovine and Dr. Dre approached Monster about making electronics and the Lees, who had just experienced a failure with speakers, convinced them that headphones were the way to go.
But Monster had no idea how to handle itself when making a contract. Kevin had no business experience besides working at Monster and was sent to try to work something out alone. Interscope made a lowball offer that Monster couldn't accept, so the company lost the deal.
That is, until six months later when Interscope came back to the Lees after a failed partnership with SLS Audio.
Take two went as sloppily as take one. Kevin built an entire headphone product line before any partnership was even inked, spending millions of Monster's money without telling his dad. Because of all the money he'd spent, Kevin knew he had to seal some sort of deal, so he signed a complicated contract that would give Iovine and Dr. Dre permanent ownership of anything that Monster developed.
Although Beats Electronics denies that Monster had any role in the industrial or audio design of the headphones, the Lees maintain that Beats had no engineers and that they made the headphones possible. (Gizmodo has a picture of the first product tested by Dre).
When HTC bought part of Beats in 2011, Monster lost its patents, trademarked designs, the name ... everything. Monster was out for good.
That means the company will see nothing from this potential $3.2 billion acquisition.
You can read the whole piece on Gizmodo here.
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Here's An Interview With The CEO Who Missed Out On The $3.2 Billion Apple-Beats Deal
Here's An Interview With The CEO Who Missed Out On The $3.2 Billion Apple-Beats Deal
Apple is in negotiations to buy Beats...
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READER CONTEST: Predict The Terms Of Groupon's Acquisition - Business Insider
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READER CONTEST: Predict The Terms Of Groupon's Acquisition
Nick Saint
Nov. 19, 2010,
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Dan Frommer, Business InsiderThe latest report from Bloomberg says that Groupon needs until the end of the year to decide whether it wants to sell to Google (read: it wants to give competitors a chance to make higher counter-offers.) We know Yahoo has already kicked the tires, and we hear eBay is in the mix too.
The anticipation is killing us.
To help keep sane in the meantime, we're holding a Groupon acquisition prediction contest. Submit your answers to the following questions in the comments below:
Who will acquire Groupon?
How much will Groupon sell for?
On what date will the sale of Groupon be announced?
If and when Groupon sells, we'll evaluate these questions in order (you need to get the buyer right; if multiple commenters got that right, sale price is a tie-breaker; if there's still a tie, we'll look at the announcement date.)
What's in it for you? Assuming he is still on speaking terms with us after he finds out about this contest, we'll ask Groupon CEO Andrew Mason for an autographed picture to send you. Otherwise, we'll think of something else nice to give you instead.
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The 37 Tech Companies Most Likely to Be Acquired by Private Equity
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Here are the 37 tech companies most likely to be acquired by private-equity firms after valuations plunged, according to bankers and private data
Ben Bergman and
Reed Alexander
2022-07-25T09:00:00Z
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Four CEOs, from left: Avishai Abrahami of Wix, Tien Tzuo of Zuora, Eric Remer of EverCommerce, and Scott Howe of LiveRamp.
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Valuations have fallen so much that "private-equity firms are licking their chops," one VC said.
Dealmaking has been slow, but bankers expect it to pick up in fall as PE firms eye bargains.
Cyndx, a market-research firm, provided Insider with data on the most likely tech LBO targets.
It has been a bruising year for tech companies, with billions in market value erased as stocks plunged by as much as 80%.The market's worst first half for a year in more than 50 years is not bad news for everyone. It presents a once-in-a-generation opportunity for private-equity firms to snap up profitable, fast-growing companies at bargain-basement prices."Private-equity firms are licking their chops," said one venture investor who spoke on condition of anonymity because they were not authorized to speak publicly. "It's staggering how much market caps have come down."Or as Morgan Stanley analysts put it more dryly last month: "The dislocation presents good opportunities to put capital to work once seller expectations adjust and markets stabilize."In April, Thoma Bravo, an active private-equity firm in tech, acquired SailPoint, an enterprise-security-software company, for about $6.9 billion. Last month, Thoma Bravo closed a $10.7 billion deal to buy Anaplan, a business-planning-software company. Zendesk, which offers customer-service software online, was taken private for $10.2 billion by an investor group led by Permira and Hellman & Friedman.As a whole, though, most private-equity investors have been sitting on the sidelines as interest rates rise and board members hold out hope that their stock prices will recover. This year, there have been only 478 buyouts in the US involving a private-equity firm, down from 1,103 in the same period of 2021, according to Dealogic.But bankers do not expect the lull to last as companies and board members come to grips with lower valuations and private-equity dealmakers grow more eager to deploy their $2.5 trillion of cash before markets rebound. Francisco Partners, another leading tech-buyout firm, recently raised more than $16 billion for two new funds."Private-equity firms will want to really engage in the fall," said James McVeigh, a longtime investment banker and the founder and CEO of Cyndx, a market-research firm. "They're doing their screenings now to know who they want target. If they wait and go into next year, the risk is prices move away from them."So which companies are private-equity firms eyeing?Cyndx provided Insider with data on likely targets, based on criteria bankers and buyout firms consider the most important:Dependable revenue. Private-equity firms require a steady cash flow to pay down debt, which excludes many kinds of tech companies that have more volatile income streams. One big exception is software-as-a-service companies that have subscriptions and other long-term contracts with customers who rely on them to run their businesses, even in a recession.A market capitalization between $1 billion and $10 billion. There are some bigger leveraged-buyout deals — like Twitter's, if that ever closes — but the average private-equity deal was $1.1 billion last year, according to Bain & Co.A stock price down more than 30% in 2022. This one is not hard to find, with the Nasdaq down about 20% this year and many SaaS providers down much more than that.Earnings expected next year. If PE firms are preparing to layer on more debt, companies have to generate profits and use that cash to pay off the loans.Here are the 37 contenders, ranked by the lowest enterprise-value-to-EBITDA ratio as of July 14. A company's enterprise value includes its market capitalization, debt, and any cash on the balance sheet. EBITDA is earnings before interest, taxes, depreciation, and amortization, a common measure of profitability. (An EV/EBITDA value below 10 is commonly interpreted as healthy, though tech companies often have much higher ratios because investors are willing to pay more for growth.)LiveRamp Holdings Founded in 1969, LiveRamp is used by companies to better manage and analyze their data. LiveRamp's stock is trading at about one-third of where it was last year, and its market capitalization has fallen below $2 billion. With a strong roster of clients such as Google, Wall Street still sees 21% revenue growth, and the company has the lowest projected EV/EBITDA ratio on our list of just 9.1%, with zero debt and more than $600 million in cash, according to Cyndx data.Alight Solutions Alight Solutions, which offers business-process outsourcing, went public last year, and its stock now trades at a record low, 23% below where it debuted. Revenue growth is estimated at 7.8%, but its balance sheet is enviable, with $326 million in cash on hand against less than $3 million in debt.Chegg Chegg, which rents textbooks to students and provides online tutoring, erased more than four years of stock-market gains and now has a market capitalization of just over $2.3 billion. Chegg's business is relatively recession-proof since students always need textbooks and renting is cheaper than buying. The company carries just about $160 million in debt with $110 million in cash on hand. E2open Parent Holdings E2open is an Austin provider of cloud-based software to manage global supply chains. It's trading at less than half of its 52-week high, giving it a market capitalization of less than $2 billion. The company is expected to generate 10.1% revenue growth and carries just over $100 million in debt with $156 million in cash on its books. MomentiveFormerly known as SurveyMonkey, Momentive offers companies insights on their brand and market trends. Its stock has plunged nearly 60% this year and now trades more than 40% lower than when it debuted in 2018, giving it a market capitalization of $1.3 billion. Still, sales growth is estimated at close to 15%, and the company carries $186 million in debt, with $239 million in cash. Zendesk tried to buy Momentive earlier this year. That deal failed, and Zendesk sold itself instead. ZuoraZuora is a subscription-management solution that has long been the target of takeover speculation, and it's getting cheaper by the day. Since going public in 2018, Zuora stock has plummeted nearly 60%, and its down about 50% this year. Most attractive for buyers: The company is expected to generate 22% revenue growth and has more than twice as much cash on hand as debt.EverCommerceEverCommerce's first year as a public company has been a rough one, with the stock down more than 40% since its debut last July. It has a durable and growing business, providing software-as-a-service solutions to half a million small and medium-size companies. It's carrying more than half a billion dollars in debt, but Wall Street analysts are projecting nearly 17% revenue growth. WixWix, a Squarespace competitor providing services to entrepreneurs and microbusinesses for no-code cloud-based web development, has seen its stock plunge more than 60% this year. Wix has strong retention rates and a revenue growth rate of 16.3%, according to Cyndx data. It has slightly more cash on hand ($1.2 billion) than debt ($923 million). RingCentral RingCentral is similar to Zoom, except it focuses on audio, providing a cloud-based business-phone system that delivers team messages, videoconferences, and phone calls. Both companies have had their shares battered in the past year, with RingCentral's stock down about 80%, giving it a market capitalization of just over $5 billion. Most intriguing for would-be acquirers: Analysts see RingCentral generating revenue growth of close to 24%.VertexVertex, which makes tax-compliance software for businesses, has seen its market capitalization chopped in half since it went public in 2020. Its customer base is sticky — companies have to pay taxes, recession or not — and Vertex's sales growth is expected to exceed 13%.DigitalOceanIn a crowded cloud-infrastructure market dominated by giants like Amazon Web Services and Microsoft Azure, DigitalOcean tries to distinguish itself as a more focused and easier-to-use alternative. Its market capitalization has been cut in half this year, and it now trades below last year's IPO price. Despite spending little on marketing, DigitalOcean brought in $318.4 million in revenue last year and is projected to grow sales over the next year by more than 31%.InformaticaPermira and Canada's government-pension fund took Informatica, an enterprise cloud-data-management platform, private in 2015. The company went public again late last year, and with its stock price nearly cut in half this year, it could be primed to go private yet again. The company brought in $1.44 billion in revenue last year, up 9% from 2020. In the next year, it's forecast to grow sales by 12.8%.CventCvent provides software for event management, marketing, and attendee engagement. It first went public in 2013, raising $135 million. Three years later, it was taken private by Vista Equity Partners for $1.65 billion, and it went public again late last year, this time via a special-purpose acquisition company. Since then, its stock has fallen by more than 40%. Perhaps soon, it will be a private company for a third time.Calix Calix offers cloud-software systems to communications-service providers. It went public via a SPAC last year, in a transaction giving it a $5.3 billion enterprise value, but now has an enterprise value of just $2.4 billion. The company has a strong balance sheet with no debt and $213 million in cash, according to Cyndx data. ExpensifyExpensify makes a popular cloud-software service for employees to track and report expenses. It went public late last year, but the stock has plummeted about 60% since then, and the company now has a market capitalization of just over $1.5 billion. Wall Street sees revenue growth of about 30%, and the Bank of America analyst Koji Ikeda recently upgraded the stock, praising its "lean business model" with just 140 employees, which he said would help the company "pivot quickly from higher rev growth to higher EBITDA margins." EverbridgeEverbridge, which offers applications for personal safety and business continuity, has seen its stock nosedive about 80% in the past year. The company brought in $368.4 million in revenue last year, and that is projected to grow 16.2% in the next year. Meanwhile, its enterprise value stands at just $1.4 billion.Pegasystems Pegasystems, which develops software for customer-relationship management and business-process management, has seen its stock plummet by about 60% in the past year. It has an enterprise value of $4.2 billion, despite the fact it brought in $1.2 billion in revenue last year. Analysts estimate revenue growth of close to 20% in the next year.Bentley SystemsEngineers, architects, and contractors use Bentley's software to design and manage massive infrastructure projects like roadways, bridges, and airports. The stock is down about 40% in the past year despite President Joe Biden signing a massive $1.2 trillion infrastructure bill into law in November. Bentley is expected to generate 10.1% revenue growth.LivePersonAs companies look to cut costs by employing fewer customer-service workers, they could turn to providers like LivePerson to fill the gap. The company develops conversational-commerce and artificial-intelligence software that helps consumers communicate with brands. LivePerson's stock is in dire need of help, down about 75% in the past year, giving it an enterprise value of $1.3 billion. Wall Street forecasts revenue growth of 17.1%.Clearwater AnalyticsInstitutional investors use Clearwater's software for reporting and reconciliation. The company's stock has fallen by about 50% in the past year, but it is expected to grow sales by almost 20% and has $264 million in cash on hand against $54 million in debt.XeroXero provides cloud-based accounting software for small and medium-size businesses. Its stock is down about 40% in the past year, but the company generated $848 million in 2021 revenue, and that is expected to grow by about 20% in the next year. AltairAltair offers software for simulation, high-performance computing, data analytics, and artificial intelligence. The company's stock is down about 25% this year, but it has a strong balance sheet, with almost twice as much cash on hand as debt. It has an enterprise value of $4 billion despite bringing in over half a billion in sales last year. Ceridian Ceridian provides human-resources, payroll, benefits, workforce-management, and talent-management software. Its stock price has been chopped roughly in half this year, giving it an enterprise value of sixfold lower than next year's forecast revenue.Elastic Elastic helps companies quickly store, search, and analyze huge volumes of data in the cloud. Its stock is down nearly 45% in the past year, despite projected revenue growth of 35% and an enviable client roster that includes Netflix, Microsoft, Slack, and Uber. Q2Q2 offers digital-banking and -lending solutions to banks, credit unions, and fintech companies. Its stock has been nearly chopped in half this year, giving it an enterprise value of $2.5 billion. With projected 18.6% revenue growth, the company is trading at just 3.7 times next year's estimated revenue.VaronisVaronis is a cybersecurity platform that allows organizations to track and analyze data. Its stock price has been sliced in half over the past year, but the company has a solid balance sheet, with four times as much cash as debt. And Wall Street sees Varonis producing 22% revenue growth. Five9 Five9 is a provider of cloud-based call-center software that over 2,000 clients use for sales, marketing, and customer service. Its market capitalization is about half of what it was a year ago, but analysts forecast 23.3% revenue growth. EngageSmartEngageSmart, which provides customer-engagement software and integrated-payments solutions, has seen its stock drop about 45% in the past year, giving it an enterprise value of just $2.5 billion. The company has zero debt, with $256 million in cash, and is expected to generate almost 30% revenue growth in the next year.Coupa SoftwareThe stock of Coupa, which provides a cloud platform for business-spend management, has plummeted about 70% in the past year. It's now trading at just 5.1 times next year's estimated revenue.Duck Creek TechnologiesDuck Creek provides back-end software for insurance companies. Since going public in 2020, the stock has erased about 60% of its value. Duck Creek's enterprise value is now just $1.5 billion, less than five times next year's forecast revenue. And it has zero debt, with $365 million in cash. SprinklrSprinklr, which sells customer-experience-management software, went public last year, but its stock has almost been cut in half since then. The company has $531 million in cash, with zero debt, and is trading at less than three times next year's projected earnings.QualtricsA competitor to SurveyMonkey, Qualtrics allows users to easily create surveys and generate reports. Since going public last year, its stock has fallen about 70%. It has $836 million in cash on hand, with zero debt, and is now trading at less than five times next year's estimated revenue.New RelicNew Relic provides cloud-based software to help websites and app owners track performance. The stock is down about 40% this year and now trades at less than three times next year's projected sales.Rapid7A cybersecurity company providing security data and analytics, Rapid7 has seen its stock fall about 40% this year. It has a high debt-to-cash ratio but is expected to grow sales by 22% and trading at about six times its projected revenue. OloOlo has slid about 60% from when it debuted on the New York Stock Exchange last year. The company, which provides digital ordering and delivery programs for restaurants from Sweetgreen to Denny's, is expected to grow revenue nearly 30% in the next year. It is trading at about six times future sales.BlackLineBlackLine develops cloud-based services to automate the financial-close, accounts-receivable, and intercompany accounting processes. Its stock price has been hammered, going down about 40% this year and making it the subject of mergers-and-acquisitions chatter. Wall Street sees 21% revenue growth over the next year.JamfJamf, which provides software for companies to manage Apple devices, is trading about 35% lower than where it debuted on the Nasdaq in 2020. It carries about twice as much debt as cash but is trading at just 6.2 times next year's projected sales.Do you have information about a company that might be taken private? Contact reporter Ben Bergman at [email protected] or securely on Signal at 626-720-7152.
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WPP’s acquisition emphasizes Amazon’s ad potential - Business Insider
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WPP’s acquisition emphasizes Amazon’s ad potential
Kevin Gallagher
2017-05-11T13:48:00Z
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BI Intelligence
This story was delivered to BI Intelligence "Digital Media Briefing" subscribers. To learn more and subscribe, please click here.WPP-owned Possible, a digital marketing firm, has acquired Marketplace Ignition, a consulting firm that helps brands refine advertising and e-commerce strategies specifically for Amazon.In many ways, Amazon is the sleeping giant of digital advertising: As it works to bring programmatic tools to the market, the company can use troves of user data, from Prime Video stats to transactional history data, to offer advertisers the opportunity to target Prime customers.Amazon's sheer scale represents a formidable threat to Facebook and Google, and once it aggressively pursues ad dollars, there may be a significant shift in how ad budgets are spent online. Tying online ad spend directly to sales conversion is the holy grail of digital advertising, and Amazon is best positioned to leverage user and purchasing data to take share from the two-horse race that is Facebook and Amazon.Amazon is on track to make $5 billion in ad revenue in 2018, according to Morgan Stanley estimates. Meanwhile, consensus revenue estimates for Facebook and Google are $49 billion and $125 billion, respectively. While Amazon certainly has an uphill battle when it comes to the digital duopoly, it also has an industry-leading e-commerce store that is unparalleled by either.There's no question that consumers are increasing the amount of time they spend consuming digital media, while advertisers are increasing their ad budgets into digital channels. What may come as a surprise, however, is the complexity of the interconnected web of companies involved in the process of delivering digital advertisements to end users. Collectively, these companies are known as “advertising technology,” or “ad tech” for short.Ad tech companies are intermediaries between advertisers and publishers, and add value to the ad delivery process by consolidating inventory, automating workflows, and offering precise targeting capabilities at scale. The automation of ad buying is also known as “programmatic advertising” — that is, using technology and software to buy digital ads. Programmatic ad spend in the US is quickly ramping up: It will top $20 billion this year and reach $38.5 billion by year-end 2020. But ad tech's ascendancy isn’t without its drawbacks. The advertising industry in the US is dominated by two main players: Facebook and Google. As a result, ad tech players are fighting for a pretty small piece of revenue pie, one of the many drivers of increased consolidation in the space.Kevin Gallagher, research analyst for BI Intelligence, Business Insider's premium research service, has compiled a detailed report on ad tech that examines the different players involved in the process of delivering ads, the formats that are driving growth (notably mobile and video), and the factors that are driving increased consolidation over the coming years.Here are some key points from the report:By 2020, mobile will be the biggest online advertising market, and video the fastest growing.So-called "walled gardens" Google and Facebook lead a relatively small group of players that attract the vast majority of digital-ad spending in the US today. Growth can be challenging for players outside the walled-garden duopoly, and many companies are reaching a level of maturity that may prompt investors to push for an exit.Ad tech is poised for consolidation, and the number of companies in the industry will decline significantly over the next few years.Companies specializing in certain ad formats like mobile, video, and TV are attractive targets. They are well positioned to take advantage of the fastest growing segments of digital media.In full, the report:Forecasts US programmatic revenue through 2020.Highlights the factors driving consolidation, and identifies new acquirers and attractive targets.Explores the challenges ad tech companies face including the dominance of walled gardens, ad blocking and measurement.Outlines emerging technologies that will help propel ad growth in the next decade.Interested in getting the full report? Here are two ways to access it:Subscribe to an All-Access pass to BI Intelligence and gain immediate access to this report and over 100 other expertly researched reports. As an added bonus, you'll also gain access to all future reports and daily newsletters to ensure you stay ahead of the curve and benefit personally and professionally. » START A MEMBERSHIPPurchase & download the full report from our research store.» BUY THE REPORT
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Google Buys reCAPTCHA, Gets Help Reading Books - Business Insider
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Google Buys reCAPTCHA, Gets Help Reading Books
Dan Frommer
Sep. 16, 2009, 12:40 PM
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Google has acquired reCAPTCHA, which provides CAPTCHA technology for more than 100,000 Web sites. reCAPTCHA is a spinoff of Carnegie Mellon University's computer science department.
A CAPTCHA is a bit of text that Web sites use to verify that it's indeed a human being on the other end of the line -- not a spam robot or computer. (Though they're not 100% secure, CAPTCHAs tend to block out most spam. We use reCAPTCHA, for example, on our anonymous tips form.)
The twist in the deal that could help Google is that many of reCAPTCHA's words come from scanned newspapers and old books. By having humans type the scanned words into reCAPTCHA, they get help reading the scanned text. This could be helpful for Google's book scanning project.
Creator Luis von Ahn will remain on the CMU computer science faculty, but will also work at Google's Pittsburgh office.
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A Source Met With Marissa Mayer's Acquisitions Team, And This Is What They Said They Want To Buy
http://www.businessinsider.com/a-source-met-with-marissa-mayers-acquisitions-team-and-this-is-what-they-said-they-want-to-buy-2013-1/comments
en-us
Wed, 31 Dec 1969 19:00:00 -0500
Tue, 24 May 2016 14:27:39 -0400
Nicholas Carlson
http://www.businessinsider.com/c/50fd45b569bedd433600001c
Aditya Yadav
Mon, 21 Jan 2013 08:42:13 -0500
http://www.businessinsider.com/c/50fd45b569bedd433600001c
I'm sorry to say that Yahoo has extremely talented people who are no less than those at Facebook, Google or Linkedin. Lets be clear the last thing Yahoo needs is an Acquisition or an AquiHire. Its growth has stopped from doing the same things over and over again. The problem at Yahoo is that they need to outgrow their "Thing that has worked for them in the past" some people use the words Diversification but thats not what I think they need. They need to Grow "Differently" as Charles Handy says. The last thing I think Yahoo needs to worry about is acquisitions.
http://www.businessinsider.com/c/50faf4386bb3f7056f000009
Peter Cao
Sat, 19 Jan 2013 14:30:00 -0500
http://www.businessinsider.com/c/50faf4386bb3f7056f000009
.
http://www.businessinsider.com/c/50fa537f6bb3f7e534000015
naelmohammad
Sat, 19 Jan 2013 03:04:15 -0500
http://www.businessinsider.com/c/50fa537f6bb3f7e534000015
Loose lips sink ships.
http://www.businessinsider.com/c/50f9f584ecad04a929000013
jc
Fri, 18 Jan 2013 20:23:16 -0500
http://www.businessinsider.com/c/50f9f584ecad04a929000013
Yahoo should buy Marchex. Cheap company with excellent growth prospects in mobile
http://www.businessinsider.com/c/50f9d46a69bedd0362000019
Larry Levine
Fri, 18 Jan 2013 18:02:02 -0500
http://www.businessinsider.com/c/50f9d46a69bedd0362000019
This is all well is good but aren't there millions of highly skilled people that don't have jobs that Yahoo could hire? Why not hire them first instead of spending the company's money on aquihiring? This not only helps the economy, but saves money and improves PR.
http://www.businessinsider.com/c/50f9a2ff6bb3f7ea79000005
Hanson Yuen
Fri, 18 Jan 2013 14:31:11 -0500
http://www.businessinsider.com/c/50f9a2ff6bb3f7ea79000005
Enlighten me on this.
Before Marissa joined Yahoo, it was known as an internet based media company.
After Marissa joined, what does it stand for again?
After all these months, I'm still very much lost.
http://www.businessinsider.com/c/50f9a25e6bb3f7d4770000c0
New American Dream
Fri, 18 Jan 2013 14:28:30 -0500
http://www.businessinsider.com/c/50f9a25e6bb3f7d4770000c0
Buy some web developers. That site is an albatross and almost unmanageable.
http://www.businessinsider.com/c/50f987ce69bedda626000013
TooLegit
Fri, 18 Jan 2013 12:35:10 -0500
http://www.businessinsider.com/c/50f987ce69bedda626000013
they could buy Vox Media.
http://www.businessinsider.com/c/50f984b9ecad045c5800000c
jbarton91
Fri, 18 Jan 2013 12:22:01 -0500
http://www.businessinsider.com/c/50f984b9ecad045c5800000c
The first known version of the Emperor's New Clothes dates from a Spanish book written in 1335 (Libro de los ejemplos). It was based in an ancient Roman tale that has been lost.
Andersen rewrote it tale in 1837 based on an ancient German tale. Apparently, we have been missing the moral of the story for centuries. Here's an Empress who hoodwinked Larry Page, a bunch of incredibly smart people at Google and now Yahoo's board and shareholders.
Yahoo's stock has rallied 20% above the SP500 since Mayer was hired.
Same thing happened to HP 6 months after Fiorina was hired in July 1999 (HPQ = 52). By February 2000 HPQ was up to 67.5, or 30%. From here, the stock when South for the next 4 years. When she was fired in Jan 2005, the stock was 20, 60% below the price it was when she was fired. The equivalent SP500 had only fallen by 20% so the fair difference was minus 40%. Check it out.
Same thing is going to happen to Yahoo under Mayer. Mayer and Fiorina exhibit the same traits: out of control vanity, glaring incompetence and mercurial style of management.
History never repeats itself except when it does. In the case of naked Emperors, it repeats quite often apparently.
http://www.businessinsider.com/c/50f984b3ecad04975a000003
Duh
Fri, 18 Jan 2013 12:21:55 -0500
http://www.businessinsider.com/c/50f984b3ecad04975a000003
Very smart and very correct. There are hundreds of startups that fall into this category. Most have great teams and great tech but just didnt find the right mix of luck and opportunity.
Its great that they wont be chasing the shiny lure - it never pans out for anyone other than the VC.
http://www.businessinsider.com/c/50f970e169bedd5d6b00002b
Molson Ukrainian
Fri, 18 Jan 2013 10:57:21 -0500
http://www.businessinsider.com/c/50f970e169bedd5d6b00002b
I suggest they buy a new CEO.
http://www.businessinsider.com/c/50f964e06bb3f73a06000003
TheFree_Lance
Fri, 18 Jan 2013 10:06:08 -0500
http://www.businessinsider.com/c/50f964e06bb3f73a06000003
How hard could this be? You look at the top 20 productivity apps on iTunes, see which ones are independent and in the Valley and start making offers. I see at least 5 no brainers for Yahoo! -- and for a piece of the action, I'll tell you MM.
http://www.businessinsider.com/c/50f95ecdecad04861000001b
Reilly
Fri, 18 Jan 2013 09:40:13 -0500
http://www.businessinsider.com/c/50f95ecdecad04861000001b
Darmit! Sounds like they won't be bailing out Fadsquare!
http://www.businessinsider.com/c/50f95a6aeab8ea5e6200001c
jj
Fri, 18 Jan 2013 09:21:30 -0500
http://www.businessinsider.com/c/50f95a6aeab8ea5e6200001c
"failed start-ups with excellent teams for very little money"??? You may wanna elaborate on "the" concept of failed start up because otherwise this is pure rubbish
http://www.businessinsider.com/c/50f959ffecad049009000004
just.a.guy
Fri, 18 Jan 2013 09:19:43 -0500
http://www.businessinsider.com/c/50f959ffecad049009000004
Startups fail for all sorts of reasons. If you can pickup a great team with excellent technology that was some combination of over-financed, early to the market, or poorly marketed but would perform well on Yahoo's platform, then failed startups can be diamonds in the rough worth buying and polishing.
http://www.businessinsider.com/c/50f951a06bb3f7c361000005
Fruchisa
Fri, 18 Jan 2013 08:44:00 -0500
http://www.businessinsider.com/c/50f951a06bb3f7c361000005
"Primarily Yahoo wants to buy small, failed startups."
Sounds like a winning strategy. Let me start a few lousy startups over the weekend. | M&A | 1 | [
{
"label": "M&A",
"score": 1
}
] |
What Assembly Looks for in E-Commerce Acquisitions
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Startup Assembly rode the online shopping wave — its CEO shares how he's trying to become a one-stop shop for e-commerce advertisers and sellers
Lauren Johnson
2021-03-03T13:00:00Z
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Sandeep Kella, CEO of Assembly.
Assembly
This story is available exclusively to Insider subscribers.
Become an Insider and start reading now.
As online shopping and advertising soars, M&A has grown for companies that help sellers advertise and sell online.
PE-backed Assembly has acquired four e-commerce companies over the past 18 months.
CEO Sandeep Kella described the three types of companies he looks for.
Visit the Business section of Insider for more stories.
Investors are trying to cash in on the growth of online shopping during the pandemic.Private equity in particular has been a tear, acquiring companies that help companies buy advertising and sell products on marketplaces like Amazon, Walmart, and Shopify.One such firm is Assembly, a 2-year-old e-commerce firm backed by PE firm Providence Strategic Growth and led by entrepreneur and finance veteran Sandeep Kella. Assembly has Amazon, Walmart, Shopify, and BigCommerce expertise and wants to be a one-stop shop for e-commerce advertisers and sellers, he said."The vast majority of e-commerce merchants are not engineers — they're very reliant on third-party software," he told Insider. "Even pre-pandemic, we thought there was going to be an e-commerce gold rush, and we wanted to be involved with that."Kella said that Assembly made more than $50 million in recurring revenue last year and was on track to have a strong year but declined to share specifics. The firm has 200 full-time employees and contractors.Assembly has made four acquisitions in the past 18 months, including two advertising firms: Helium 10 and Prestozon. Assembly also owns software company Order Metrics, and affiliate marketing firm Refersion.Kella said that Assembly wants to create a holding company that solves marketers' big needs, like running ad campaigns across multiple marketplaces or analyzing what products to sell based on what competitors are selling.Assembly is looking for companies that focus on three areas:Helping sellers advertise to acquire customers.Helping sellers drive sales using photography, SEO, and videos.Helping sellers navigate influencer marketing.In addition to investing in e-commerce companies, Assembly also has a 40-person team overseeing Assembly's podcasts, YouTube channel, Facebook group and virtual events that cover topics like how to start running ad campaigns for small sellers."If you're providing a service to a SMB, they need so much more than the software you are selling," Kella said.He said that the firm is looking for other companies that handle customer acquisition but eventually plans to look for ones that solve other aspects of e-commerce.Amazon dominates e-commerce, but Kella said that's changing and expects to focus more on companies that are plugged into third-party marketplaces like Shopify and Walmart."We want to manage that complexity; we're doing some of it today, but we have ambitions to cover all of it," he said.
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Buzz Media Acquires Music Publication 'Spin' Magazine
Tim Molloy, The Wrap
Jul. 10, 2012, 12:42 PM
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Spin magazine has been purchased by blog network Buzz Media, where the 27-year-old music publication known for charting the rise of so-called alternative music will join thriving blogs and sites like Stereogum, Idolator, Brooklyn Vegan, and Hype Machine.
Under the deal, terms of which were not disclosed, Buzz Media will also acquire Spin.com, the Spin Play app for iPad; and Spin’s events business. The deal will add the magazine's reputation for long-form reporting to Buzz Media's bloggy arsenal.
“What first attracted us to Spin was its print presence, potential for cross-platform opportunities, and great storytelling," said Buzz Media CEO Tyler Goldman. "We believe there is a unique role for print and see it as another outlet for people to access content about their passion topics.
Spin says that its suite of music sites -- which also includes AbsolutePunk, Buzznet, Concrete Loop, Gorilla vs. Bear, Pop Matters, Punk News, RCRD LBL, and XLR8R -- makes it the fourth largest digital publisher of original music content in the U.S., in terms of reach. It says it follows only MTV, Yahoo! Music and AOL Music, and boasts 120 million monthly unique visitors in all.
SEE ALSO: Here are 21 other famous Church of Scientology members >
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BHP Billiton Enters US Shale Gas Business With Acquisition of Fayetteville Interests
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BHP Billiton enters US shale gas business with acquisition of Fayetteville interests
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2011-02-22T10:41:09Z
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Natural resources giant BHP Billiton
(LON:BLT) has agreed a deal to buy Chesapeake Energy Corp’s interests in the Fayetteville Shale, US, including the midstream pipeline system, for US$4.75bn. BHP said the acquisition was consistent with its strategy of investing in large, long-life, low cost assets with significant volume growth from future development. The group said the move also supported its goal of diversification by geography, customer and product – marking BHP’s entry into the US shale gas business with the second largest position in one of the largest gas fields in the world. The BHP Billiton share priced edged down slightly during the morning to 2,363p.BHP Billiton will become the operator of Chesapeake’s operated interests in the field, covering approximately 487,000 acres of leasehold and producing natural gas properties located in Arkansas, US. The acquisition will increase BHP’s net reserve and resource base by 45%. The assets currently produce over 400 million cubic feet of gas per day and include development options that will support substantially higher production over a 40 year operating life. BHP and Chesapeake have also agreed a 12 month services agreement to ensure the safe transfer of operations to BHP.BHP said it expected to fund the acquisition from its own cash resources. The assets acquired generate strong margins and returns on capital at today’s prices. Depending on regulatory approvals, BHP expects to close in the first half of 2011.J. Michael Yeager, the chief executive of BHP Billiton Petroleum, said: “The Fayetteville Shale is a world-class onshore natural gas resource. The operated position we are obtaining will immediately make BHP Billiton a major North American shale gas producer. It provides access to a competitive, long-life resource basin that benefits from our ability to invest through the economic cycles. Longer term, the expertise we gain here will be usable elsewhere as we continue to grow our business.” Stockopedia
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PL | M&A | 0.957112 | [
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"label": "M&A",
"score": 0.9571120142936707
}
] |
'Call of Duty' Won't Leave PlayStation After Microsoft Buys Activision
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'Call of Duty' won't leave PlayStation after the Microsoft-Activision deal closes, Xbox head confirms
Ben Gilbert
2022-01-20T22:01:22Z
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Microsoft announced it will acquire "Call of Duty" publisher Activision for an estimated $68.7 billion.
The deal brings major multiplatform games like "Call of Duty" under Microsoft's umbrella.
Xbox head Phil Spencer reassured fans that it doesn't mean every game will become an Xbox exclusive.
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Microsoft announced its second major acquisition of a video game publisher on Tuesday morning: "Call of Duty" and "Diablo" publisher Activision plans to sell to Microsoft for an estimated $68.7 billion in an all-cash deal.Among the many reasons for the purchase, Microsoft wants to bring Activision's game library into its
Netflix
-like video game subscription service, Xbox Game Pass. "Upon close, we will offer as many Activision Blizzard games as we can within Xbox Game Pass and PC Game Pass, both new titles and games from Activision Blizzard's incredible catalog," Xbox leader Phil Spencer said in a blog post published on Tuesday morning.While it's not entirely clear which, if any, Activision Blizzard games will be launched as Xbox exclusives in the future, the tens of millions of "Call of Duty" players on Sony's PlayStation 4 and 5 can rest easy.
Spencer did offer those players an olive branch: "Activision Blizzard games are enjoyed on a variety of platforms," Spencer said, "and we plan to continue to support those communities moving forward."He added to that in a tweet on Thursday, saying, "Had good calls this week with leaders at Sony. I confirmed our intent to honor all existing agreements upon acquisition of Activision Blizzard and our desire to keep 'Call of Duty' on PlayStation. Sony is an important part of our industry, and we value our relationship."Notably: That isn't a direct confirmation that every future "Call of Duty" game will continue coming to PlayStation consoles, but it is a reassurance that they're not going anywhere anytime soon.In the case of Microsoft's acquisition of "Minecraft," the company has continued to support the game on a variety of competing platforms (including Nintendo's Switch and Sony's PlayStation 5). The same can be said for Microsoft's acquisition of Zenimax Media, which included Bethesda Softworks' "The Elder Scrolls Online" — an online multiplayer game that continues to operate on Sony's PlayStation consoles in addition to Microsoft's Xbox consoles.
Microsoft has however said that some major upcoming games from Bethesda, including "Starfield" and the next "Elder Scrolls" game, will be exclusive to Xbox and PC platforms, opening the possibility for some future "Call of Duty" releases to get the exclusive treatment as well. All that said, Microsoft doesn't expect the acquisition deal to close until some point in the next 12 to 18 months, and games take years to make. If "Call of Duty" does become an Xbox exclusive, it's still at least a few years away.Got a tip? Contact Insider senior correspondent Ben Gilbert via email ([email protected]), or Twitter DM (@realbengilbert). We can keep sources anonymous. Use a non-work device to reach out. PR pitches by email only, please.
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ZA | M&A | 0.998617 | [
{
"label": "M&A",
"score": 0.9986166954040527
}
] |
Zillow And Trulia Shares Go Bonkers On Report Of A Possible Deal
http://www.businessinsider.com/zillow-reportedly-trying-to-acquire-trulia-2014-7/comments
en-us
Wed, 31 Dec 1969 19:00:00 -0500
Sat, 06 Feb 2016 23:01:38 -0500
Sam Ro
http://www.businessinsider.com/c/53d17f6cecad04037594df51
WHERE IS ANTI-TRUST LAW NOW?
Thu, 24 Jul 2014 17:49:32 -0400
http://www.businessinsider.com/c/53d17f6cecad04037594df51
DONT THESE 2 COMPANIES COMPETE?
CAN PEPSI BUY COKE?
HOW CAN TRULIA AND ZILLOW MERGE ???????????????
http://www.businessinsider.com/c/53d159c369bedde0025d7582
Mikent
Thu, 24 Jul 2014 15:08:51 -0400
http://www.businessinsider.com/c/53d159c369bedde0025d7582
The two companies' combined market cap rose by $1.5 billion today. Not bad for two companies whose combined profit is..... 0 !
http://www.businessinsider.com/c/53d14fcaecad04b32c94df58
Meanwhile
Thu, 24 Jul 2014 14:26:18 -0400
http://www.businessinsider.com/c/53d14fcaecad04b32c94df58
In other news, Lyft is merging with Uber and AirBnB.
With just one app, you'll be able to share a ride to your shared sofa.
http://www.businessinsider.com/c/53d14ced6bb3f7b4625d7582
JJJJ
Thu, 24 Jul 2014 14:14:05 -0400
http://www.businessinsider.com/c/53d14ced6bb3f7b4625d7582
Markets tend towards consolidation. | M&A | 1 | [
{
"label": "M&A",
"score": 1
}
] |
HR Tech Startups Will Combine Through Mergers, Acquisitions in 2022
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Big HR tech startups with lots of cash will be on the hunt for deals to buy smaller competitors this year, investor Elad Gil predicts
Melia Russell
2022-02-23T19:42:20Z
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Startup investor Elad Gil made early bets on companies building for the back office, including Gusto, Deel, Zenefits, Checkr, and Lattice.
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Bigger HR startups are potential acquirers this year and that could lead to a dealmaking frenzy.
In 2021, HR tech startups raised more than triple the funding than 2020, PitchBook data shows.
Investors are doubling down so far this year, with two dozen funding rounds in the HR tech space.
Startups making software for human resources are experiencing a gold rush. Revenues are soaring as the hybrid-work era enters its third year, and a slew of investors are rushing to find their way into the $148 billion industry.The record amounts of cash flowing into the space will produce a frenzy of dealmaking activity this year, with small vendors getting gobbled up by bigger ones, said Elad Gil, a startup investor who made early bets on companies building for the back office, including Gusto, Deel, Zenefits, Checkr, and Lattice.They're all potential acquirers now."I think over time a lot of this market will end up consolidating," Gil said in an interview. Last month, he coled an investment in Lattice that tripled its valuation to $3 billion, less than a year after the previous funding round.The new tranche of funding positions the startup to buy other companies making software that's complementary to Lattice's own suite of tools for tracking and rewarding employee performance, Gil said. Lattice hasn't made any acquisitions to date, preferring to build new products to meet growing customer needs. But that may not be scalable."From the time my cofounder and I started the company, I've felt strongly that it's important to build our own products in-house rather than acquire them," Lattice CEO Jack Altman told Insider. "I think it leads to a more seamless experience for our customers and faster velocity for company and product growth over the long term.""That said, as Lattice continues to scale I wouldn't rule out the potential for acquisitions in cases where it might greatly accelerate our roadmap in core strategic areas," he added.Big players like Lattice have more buying power after last year's funding blitz. In 2021, HR tech startups raised over $12.3 billion in venture capital globally, more than triple the previous year's total, according to PitchBook data.Investors are doubling down so far this year. This month alone has seen two dozen funding rounds in the HR tech space, including a $26 million round for HireEz, an AI startup matching candidates with available jobs, and a $45 million venture slug for Snapshift, a Paris software firm which helps companies manage their blue-collar workers.To be sure, fewer companies spend their precious cash in a downturn, and a volatile market could put a damper on dealmaking activity. The economic turmoil created by the pandemic hurt some software firms more than others, and startups in the HR tech space like Namely, Envoy, and Zenefits had substantial layoffs when business dried up.Still, the events of the last three years have only increased demand for software that helps employers recruit, hire, and retain their workforces, leading to the creation of new businesses. "Fierce competition in any industry is likely to push smaller players to join forces with market leaders," PitchBook News' Priyamvada Mathur wrote.Last month, Deel bought Roots, which makes a Slack plugin for workers to request time off, for an undisclosed sum. The deal marked the company's second acquisition since raising multiple rounds of funding in the pandemic.Before it bought Roots, Deel was a customer, CEO Alex Bouaziz told Insider. The team liked the service it provided and wanted to offer it to the company's own customers. He predicts further consolidation in the space will happen."Consolidation is good because it allows a more unified experience for hiring organizations and people who work for them," he said.
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These Two Charts Show Just How Brilliant Zuckerberg's Instagram Acquisition Was
Nicholas Carlson
Oct. 10, 2012, 11:59 AM
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Even defenders of Facebook CEO Mark Zuckerberg start by calling him a "product visionary."
But it's becoming increasingly clear that Zuckerberg is also a bold and effective actor on a strategic, corporate level.
The best example of this so far is his billion dollar purchase of Instagram over a weekend during the Spring of this year.
When he did it, he did it over a weekend and all by himself – without notifying the board until he was about done with the deal.
Because it was right in the middle of Facebook's IPO warm-up, this freaked some people out. They wondered if too much of the company's fate rested in one person hands.
These people should rest easy.
Look at this chart.
It shows that Instagram, which Facebook bought for 1% of its market cap, now accounts for approximately* 20% of its monthly active users on mobile, according to new data from ComScore.
Let's look at another chart.
The blue area in this chart shows what Facebook's mobile growth would look like over the last six months if Zuckerberg had not made his big move.
The red area shows what Facebook gained because he did:
For his next trick, Zuckerberg just needs to prove Facebook can make money from Instagram.
*Obviously, many people use Instagram and Facebook, so this number is a little off.
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These Two Charts Show Just How Brilliant Zuckerberg's Instagram Acquisition Was
These Two Charts Show Just How Brilliant Zuckerberg's Instagram Acquisition Was
Instagram, which Facebook bought for 1% of its market cap, now accounts for approximately 20% of its monthly active users on mobile.
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Marissa Mayer Is Eyeing This 17-Year-Old's Mobile Startup For Acquisition
Nicholas Carlson
Dec. 14, 2012, 11:02 AM
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Yahoo is hosed in mobile. Just look at this chart:
To solve the problem by 2015, CEO Marissa Mayer is going around acquiring small startups that make mobile apps.
For example, in October, she bought Stamped, a mobile startup in New York.
Here's Mayer and the team, happily mugging for a photo after the deal:
Twitter/@Marissamayer"Got to visit our new acquisition, Stamped, this morning - happy to be reunited with Robby (rmstein) and his team," Mayer posted on Instagram.
So what's next?
Over on All Things D, Kara Swisher says Mayer is taking a long look at a mobile startup out of the UK called "Summly."
Summly scans the Web for news and uses an algorithm to find the type of content you want to read. Then it summarizes it for you.
Summly has more than 500,000 downloads, says Swisher.
That's not very many.
So probably, Mayer wants to buy the company for its CEO, a talented 17-year-old named Nick D’Aloisio.
This makes sense.
Mayer believes Yahoo can win by personalizing the Internet's content for individiual Yahoo users, and D'Aloisio is already working on this problem.
Here's a demonstration video he made for his app:
Summly Launch from Summly on Vimeo.
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Why Chase Should Make Engagement More Important Than Acquisition
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Chase ends year with strong digital engagement despite flat user growth
Rachel Green
2021-01-19T13:31:33Z
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Chase saw strong engagement with digital features in Q4 2020.
The bank should prioritize engagement among existing users as its new mobile user growth rate dwindles.
Insider Intelligence publishes hundreds of research reports, charts, and forecasts on the Banking industry with the Banking Briefing. You can learn more about subscribing here.
The biggest US bank by assets finished out an unprecedented year with $30.2 billion in revenues in Q4 2020, as it released $2.9 billion from its loan loss reserves due to news of vaccines and another government stimulus round, per CNBC. The move resulted in a $1.9 billion boost for Chase after nearly $1 billion in charge-offs.
Chase finished out an unprecedented year with $30.2 billion in revenues in Q4 2020.
Insider Intelligence
Chase also reported 10% year-over-year (YoY) growth in total active
mobile banking
users in Q4, continuing the gradually declining growth rate over the past few quarters. Although the coronavirus pandemic set the stage for an influx of first-time mobile banking users, Chase's user growth has remained flat or ticked down in the past year. This suggests that the bank is approaching a saturation point at which all clients who are willing to try mobile banking will have done so.Chase's overall new active mobile banking users leveling out suggests it should prioritize engagement among existing users—and it could lean on two tools in particular:Digital Assistant: Debuted in November, this virtual assistant provides answers to questions or carries out actions that users type into their Chase app. Beyond actions like balance checks, bill pay, card controls, and money transfers, the Digital Assistant supports pandemic-related inquiries, like those regarding stimulus payments. With this tool, Chase has the potential to offer a streamlined digital experience that will spur users to engage with their mobile banking app more often—especially if it continues adding timely capabilities to fulfill customer needs.Quick Deposit: Chase's mobile check deposit feature represented over 40% of checks deposited in Q4 2020, up 10 percentage points from prior to the pandemic. And it's not alone: Many banks have seen considerably higher engagement with this tool, driven both by necessity—with many branches being temporarily shuttered—and convenience, as lockdowns offered an opportunity for new product discovery. Citi, for one, reported that checks deposited on mobile surpassed in-person for the first time in May 2020. Even as branches reopen or social distancing eases—nearly 90% of Chase's branches are open—Quick Deposit is likely to remain a go-to for consumers as its ease of use has been demonstrated throughout the pandemic. That will only continue with another round of stimulus checks likely on the way. To drive higher engagement with this tool, Chase can push out educational materials instructing users on how to use it, alongside other communications about handling stimulus payments.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 Banking forecasts, briefings, charts, and research reports to their inboxes each day. >> Become a ClientExplore related topics more in depth. >> Browse Our CoverageCurrent subscribers can access the entire Insider Intelligence content archive here.
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Industry Dive Acquires CFO.com, to Launch Payments Dive
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Industry Dive built a profitable media company on B2B news — now it's acquiring CFO.com and expanding its finance coverage to capitalize on a jittery market
Lara O'Reilly
2020-12-18T18:37:29Z
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Industry Dive is acquiring CFO.com.
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Contrary to wider media industry trends, B2B publisher Industry Dive is profitable and growing by focusing on specialized business information.
Now Industry Dive is acquiring CFO.com, its second big deal of the year, and also plans to launch a new vertical, Payments Dive, in early 2021.
It's aiming to capitalize on a jittery market that needs reliable financial information more than ever.
Visit Business Insider's homepage for more stories.
Contrary to many of the challenges thrown at media companies in 2020, Industry Dive has had a killer year.The 8-year-old publisher, with more than 20 B2B titles including Retail Dive and BioPharma Dive, says it is on track to grow revenue 30% this year, to $60 million. The company confirmed it is also profitable – with 30% margins, as Digiday previous reported – positioning it to make acquisitions.Backed by private equity firm Falfurrias Capital Partners, which took a majority stake in the business last year, Industry Dive is on an expansion streak. The company told Business Insider it is acquiring CFO.com, an addition that comes just a few months after its first major acquisition in July, when it bought NewsCred's marketing arm.Industry Dive also plans to launch a new vertical covering the future of money and finance called Payments Dive early next year, said CEO Sean Griffey. The publication will sit between its banking, retail, finance verticals.CFO started in 1985 as a monthly print magazine. The Economist Group acquired the company in 1985 and sold it to private equity firm Seguin Partners in 2010. The title was then acquired in 2016 by events company Argyle Executive forum, which will retain CFO's in-person events business.The acquisition of CFO marks Industry Dive's first venture into print – the magazine still goes out to a controlled circulation of finance professionals eight times a year – though Griffey said it would assess the magazine's performance to decide whether to continue it. Griffey said the key appeal of CFO is its in-depth features and analysis, plus its database of around 300,000 finance professionals across its website, magazine and newsletters.The addition of CFO.com should also boost traffic to Industry Dive's finance vertical. CFO.com averaged 87,000 monthly unique visitors to its site from September to November in 2020, up 18% over the prior year, according to Similarweb. During the same period, Industry Dives' CFO Dive had 18,000 monthly unique visitors, up 13%.The acquisition should also help Industry Dive deepen relationships with its enterprise advertisers. Griffey said the company now has more than 150 clients spending around six or seven figures on advertising with Industry Dive annually, with the top 10 clients averaging around $1.5 million in spend each. Last year, only about two or three clients were spending to that level, Griffey added. Already, forward-bookings for next year are up 40% versus last, he said.Read more: 10 digital media companies that are hot acquisition targets, including TheSkimm and FuboTV.In a digital ad market dominated by Google and Facebook, once high-flying digital media companies have struggled to compete with the tech giants' scale and resources for ad dollars.Industry Dive, on the other hand, has made a laser focus on niche industries its point of difference.This year it's also benefitted from B2B advertisers reallocating marketing dollars from in-person events into digital media. The company makes the vast majority of its revenue from digital advertising.US B2B digital ad spending is estimated to grow 22.6% to $8.14 billion this year, thanks in part as advertisers shift spending from conferences and events, according to eMarketer estimates. Traffic to financial publisher sites has soared some 48.5% since the beginning of 2020 versus last year, according to an analysis of publishers on Dianomi, a business and finance native advertising platform."The financial industry c-suite can't unplug: The more dynamic the marketplace is, the more critical it is for them to stay tuned into expert news sources," Dianomi CEO Rupert Hodson said. As tracking cookies are getting phased out and with the current trend toward more regulatory enforcement around data privacy around the world, first-party data is the linchpin of Industry Dive's growth strategy, and CFO.com fits into that approach."There's a real opportunity to build around first-party data and digital audiences in niche markets," said Griffey. "The media industry has been looking for the pivot that saves them somewhere – the pivot to video, the pivot to whatever – [but the real value is in] scaled first-party data companies with niche, valuable audiences."Terms of the CFO.com were not disclosed. A person familiar with the matter said CFO.com would generate about $5 million in revenue this year. Around 10 editorial and operations staffers will join Industry Dive, which plans to hire more journalists for the CFO team. Industry Dive currently employs 240 full-time staff.
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Draw Something Maker OMGPOP Has Multiple Suitors And It Would Consider A Strategic Acquisition
Alyson Shontell
Mar. 19, 2012,
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OMGPOP
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of $150 million.
We hear that number is too low.
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Some of the suitors have been aggressive; others are slower
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Draw Something Maker OMGPOP Has Multiple Suitors And It Would Consider A Strategic Acquisition
Draw Something Maker OMGPOP Has Multiple Suitors And It Would Consider A Strategic Acquisition
"Everyone is making a move," not just Zynga.
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Visa's Acquisition of Visa Europe Is One Step Closer to Becoming a Reality
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Visa's acquisition of Visa Europe is one step closer to becoming a reality
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2016-05-12T05:30:00Z
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Charles Scharf ringing the bell for Visa's 2013 IPO.
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This story was delivered to BI Intelligence "Payments Briefing" subscribers. To learn more and subscribe, please click here.After announcing plans to merge last November, Visa Inc. and Visa Europe, its European counterpart, have amended their merger deal, which brings the deal one step closer to closing.The new agreement, which the boards of both firms agreed upon unanimously, will have an upfront payout of €12.3 billion ($14 billion), with an additional €1 billion ($1.1 billion) paid in cash on the three-year anniversary of the deal. Based on new data, it's clear that the merger will be mutually beneficial. Visa Europe’s performance is strong in key markets. The firm recently released its UK Consumer Spending Index, which found that in April, e-commerce spend increased 8.4% year-over-year (YoY), while physical spending remained broadly flat.This could help the card network accelerate spending growth in the UK. This upward trend holds across the region — European retail e-commerce is expected to grow by 16.4% in 2016, according to RetailMeNot — which could bode well for Visa Europe's overall performance. Visa Europe's growth momentum will help Visa deepen its presence abroad and give it a way to avoid the negative impacts of currency fluctuation. And Visa Europe could accelerate Visa's volume growth and spend.Visa Europe could bolster Visa’s cross-border business. In Visa’s Q1 2016 earnings call, the firm said it believes Europe could bolster its cross-border business because frequent intra-European travel gives Visa access to a strong revenue segment that doesn’t feel the impact of a strong dollar as harshly. Strong e-commerce spend could strengthen the firm’s digital arm, as well as provide another channel — digital international buying — for growth.And it could also help the firm add issuing partners. Unlike the publicly traded Visa Inc., Visa Europe is jointly owned by its member banks. Visa will gain greater access to Visa Europe's existing issuer base, which could be lucrative for Visa given that it will have a chance to serve as a network for, and collect fees alongside, some of Europe's largest issuing banks.Every subscriber to the BI Intelligence "Payments Briefing" newsletter received this story first thing in the morning, along with other insightful and informative content. To learn more and subscribe, please click here.
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Coca-Cola just made a $575 million departure from soda
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2016-06-01T14:13:43Z
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AdeS
Coca-Cola is buying the biggest soy-beverage brand in Latin America. On Wednesday, Coca-Cola said it and the Mexico City-based franchise bottler Coca-Cola Femsa were acquiring AdeS from Unilever for $575 million.
AdeS is the leading seller of soy-based beverages, including milk and fruit juice, in Latin America, with a presence in countries including Brazil, Mexico, and Argentina. The brand generated net revenues of $284 million in 2015, Coca-Cola said."AdeS complements and reinforces our noncarbonated beverage portfolio offer, providing our consumers with a wider range of choices," John Santa Maria, CEO of Coca-Cola Femsa, said in a statement. The acquisition comes with Coca-Cola eager to expand beyond the sugary sodas for which it is best known.
8.5 ounce bottles of Coca-Cola at the Cadillac Championship golf tournament in Doral, Fla.
AP Photo/Wilfredo Lee
"Over the last 15 years, we've gone from stills being a single-digit part of our portfolio to now over 25% of our portfolio," Coca-Cola COO James Quincey said in an earnings call in April. Still, or noncarbonated, beverages include water, sports drinks, and juice. "We expect to continue to grow faster in stills ... and we'll continue to look for acquisitions to accelerate our growth."
Coca-Cola purchased a 40% stake in Nigeria's largest juice maker, TGI Group's Chi Ltd, in January, with plans to buy the rest within the next three years. In April the company agreed to purchase the beverage business of China Culiangwang Beverages Holdings, which specializes in "multigrain beverages," for $400.5 million.Coca-Cola is diversifying its products as soda sales slump globally. In the first quarter of the US, the company's sales of sparkling beverages, including Coke and other sodas, remained flat, while sales of still beverages increased 7%.Ultimately, the soda giant needs to diversify to survive. With the acquisition of AdeS, it's clear that this diversification is not limited to the US.
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Inside Story Of Yahoo Acquisition Ptch - Business Insider
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The Sad Story Behind Yahoo's Latest Startup Acquisition: Ptch
Julie Bort
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On Wednesday we reported that Yahoo acquired a mobile app called Ptch and will shut it down in a month.
Business Insider has since learned from multiple sources that Yahoo paid $6.5 million for Ptch.
We've also learned that this wasn't really an acquihire – only three Ptch employees joined Yahoo, sources confirmed. Most importantly, it was a raw deal for most of Ptch's early employees who at one time had an equity stake but got nothing in the end.
Yahoo declined comment when contacted by Business Insider. But we've spoken to three sources close to the company. Here's what we know:
DWA Investments, the company that created the Ptch app, was a wholly owned spin-out of DreamWorks Animation founded in late 2011. DreamWorks invested $10 million in DWI Investments, one source told us. At the time DWA Investments was considered a breakout moment for DreamWorks, a company best known for doing animated movies, its first attempt at launching consumer tech startups.
Ptch is a mobile video app that lets users remix their videos with effects and music. It was released about a year ago. When it launched it was hailed as an "Instagram for videos" by the tech press.
Ptch was widely regarded as the brainchild of Dreamworks CTO Ed Leonard. He started the project at DreamWorks and left to become the startup's CEO after he talked DreamWorks' CEO, Jeffrey Katzenberg, into funding DWA Investments.
At the time the app launched, DWA Investments had 15 employees and all of them had a stake in the company. About a third of the staff came from DreamWorks. “The guys that transferred over, we all took pay cuts, but in exchange we got a material chunk of equity,” Leonard told the Beta Beat blog at the time.
Under Leonard's leadership, DWA Investments quickly burned through about $6.5 million creating Ptch, hiring like crazy. At the peak of development, Ptch had 32 employees.
Leonard's co-founders were not happy with how he was running the company and chewing through cash.
"Ed Leonard was forced out of Ptch due to serious issues with DWA and the other founders," our source said. Leonard left Ptch and returned to DreamWorks in February, according to his LinkedIn profile. (We've reached out to Leonard and asked for his response, and will update if we hear back.)
After Leonard left, several of his hires also left and the company stopped burning cash so rapidly.
That's when another mobile startup, Qwiki, showed up and merger talks began.
It was a weird sort of merger. The two companies would combine, and the remaining $3.5 million in DWA's coffers would be invested in the new joint company. The Ptch investors and employees wouldn't have gotten any money out of the deal, our source said.
But the merger stalled, a source said, and a few days later, in June, Qwiki announced it had been bought by Yahoo for a reported $50 million. Ptch employees grumbled that Qwiki bagged the merger so that it wouldn't have to share the $50 million with DreamWorks or Ptch employees.
Another source told us that it was Yahoo CEO Marissa Mayer who tanked the merger because she didn't want to buy both companies.
"The merger didn't fall apart. Marissa decided she wanted to buy each separately. That's exactly what happened. She bought them in parallel and the Qwiki deal was larger so sequentially Qwiki closed first and then Ptch," one source close to the company told us.
Meanwhile, things were devolving at Ptch and most employees were finding jobs elsewhere. But negotiations between Ptch and Yahoo were ramping up.
"At the time of sale, Ptch had one employee, [co-founder] Hans [Ku], and two part-time employees, who all went to Yahoo," our source said. We've confirmed with a source close to Yahoo that three Ptch employees joined Yahoo.
DreamWorks' Katzenberg originally wanted Yahoo to pay $10 million but then agreed to $6.5 million because Yahoo wasn't buying DWA Investments, just the Ptch technology.
Because of the way this deal was structured, employees with an equity stake didn't get any part of the $6.5 million.
"No founder or employee received anything out of the Yahoo deal, only potential job offers," a source told us.
It all went to DreamWorks, both of our sources confirmed.
Moral of the story: In Silicon Valley's startup culture, a $6.5 million exit for a two-year old company is not a dream come true.
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A string of big corporate takeovers have been announced in the last week, including the big Potash-Agrium deal in the agriculture sector, and the $43 billion combination of Enbridge and Spectra Energy.
The sudden rebound couldn't come soon enough for Wall Street. Until now, it has been a slow year for traditional investment banking activity, like work on equity and bond deals and advising on mergers."We've had five very, very strong years, followed in 2016 by a pretty slow start, and a steady recovery where the second quarter is better than the first, and the third quarter, from a revenue and activity perspective, is stronger than the second quarter," said Christian Meissner, head of global corporate and investment banking at Bank of America Merrill Lynch.Meissner was speaking at a presentation at Barclays Financial Services Conference on Monday. Bank of America has been trying to make strides in M&A, in an effort to add to its already strong position in financing.
"That is a big opportunity in its own right, but it is also an important opportunity inasmuch as the M&A business drives a lot of what else we do across the franchise, Meissner said. "Put another way, the best barometer of your boardroom access and CEO relationships are the M&A mandates you get, and here's an area where we think we can continue to move up."
Bank of America
He took a minute to explain why the rebound in M&A activity could catalyze a broader improvement across Wall Street.For investment banks, the surge in deals can have a multiplier effect, with the revenues they generate extending far beyond straight advisory fees.Meissner cited the chart to the right, which refers to a "real life example of a transaction" that closed earlier this year. As you can see, the fee derived from the actual deal advice was dwarfed by the fees that came from working on loans and bonds to fund the acquisition, and revenues from hedging and the like.
"The M&A fee was the smallest part of our revenues from a transaction," Meissner said. "Financing, derisking, working with our colleagues on global markets in terms of hedging and liability management, all those things together added up to six times the M&A fee."You often hear Wall Street bankers describe something akin to this multiplier effect, but it's very rare to have a bank give a real world example.
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Facebook Won't Acquire Twitter for These Five Reasons
Tom Johansmeyer
Feb. 10, 2012,
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Twitter might be a good fit for Google, but an acquisition by Facebook probably doesn’t make as much sense. There isn’t as much to gain, and for Facebook, the lower returns would come at a proportionately higher cost. Let’s take a closer look:
1. Money: Facebook probably won’t have enough. Twitter reportedly turned down a $10 bn offer from Google a year ago. Now, Twitter’s implied valuation via SharesPost is at that level, and an acquisition would probably have to come at a premium above that. Facebook was sitting on $3.9 bn in cash and cash equivalents at the end of 2011, and it’s planning to run $5 bn in its IPO. This pales in comparison to Google’s spending power.
2. Internal: Facebook tends to prefer internal development over acquisition – at least that’s what COO Sheryl Sandberg said at the Business Insider IGNITION conference back in December. Blowing through its capital to pick up Twitter would be too much of a culture shock.
3. Potential: well, lack of potential – Facebook doesn’t offer the scale that Google does for monetizing Twitter quickly. As a result, it would take longer for the deal to generate value.
4. Integration: Facebook has done deals, but they’ve been small. Bringing in a company the size of Twitter would be too difficult for a newly public company that lacks substantial experience in post-merger integration.
5. Gap: there isn’t enough of a gap in Facebook’s current product to make this a good acquisition. There is just far more overlap than there is with Google+, and it doesn’t look like the two product roadmaps are converging in the way that Google+ and Twitter are.
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Insurer Travellers Acquires Simply Business for $490 Million
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UK business insurance platform Simply Business is getting bought by US giant Travelers for £400 million
Oscar Williams-Grut
2017-03-13T14:14:03Z
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Simply Business
LONDON — Simply Business, the UK’s largest business insurance broker, is being sold to US insurance giant The Travelers Companies for $490 million (£400 million).Private equity-owned Simply Business, operational since 2005, is the UK's leading online broker for business insurance.The company has over 400,000 customers, many of them tradesmen, made a pre-tax profit of £5 million in 2015, according to accounts filed at Companies House.It works with the likes of Hiscox, Axa, and Zurich, who underwrite the policies its sells.Travelers, which offers home, personal, and car insurance, had revenues of $28 billion (£22.9 billion) last year. The acquisition comes amid a wave of interest in the so-called "InsurTech" —insurance technology — sector and Travelers' CEO Alan Schnitzer says the deal is about improving innovation within the company, which is over 160 years old.Schnitzer says in a release announcing the deal: "With technology and innovation driving customer preferences and expectations, advancing our digital agenda to best serve our customers and the marketplace is a key strategic priority."Simply Business was acquired by Aquiline Capital Partners in April last year for £120 million.Jason Stockwood, CEO of Simply Business, said: "This is a tremendous opportunity for our company and employees, as well as a strong validation of our business model. The company launched its first US office in December and Stockwood says: "I am excited about Simply Business benefiting from Travelers’ extensive knowledge of the US market as we develop our approach there, as well as the resources it has to support potential expansion into additional markets. Our shared values and commitment to innovation make this transaction a perfect fit."
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Apple has acquired Faceshift, a virtual reality startup used in the latest 'Star Wars' movie
Sam Shead
2015-11-25T09:56:28Z
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Apple has acquired a Swiss real-time motion capture startup called Faceshift for an unknown amount, according to TechCrunch.The company's virtual reality technology can be used to generate animated avatars and other computer generated figures that capture a person’s facial expressions in real time.
There were reports out earlier this year that Apple had already acquired Faceshift but these were unconfirmed.
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TechCrunch, however, claims to have multiple sources and conclusive links between the companies.When TechCrunch put the acquisition claim to Apple, the Cupertino firm said: "Apple buys smaller technology companies from time to time, and we generally do not discuss our purpose or plans." Apple has used this response in the past to comment on acquisitions.A number of Faceshift employees now work for Apple outside Europe, according to TechCrunch.
It's currently unclear how Apple will use Faceshift but the company's technology is already being used in a number of areas.For example, Faceshift allows gamers to control their on-screen avatars by pulling faces in real life. It also allows the movie industry to create avatars that mimic actor's facial expressions more closely.Faceshift was used in the latest Star Wars film (see 0:41 of this YouTube video) to make non-human characters appear more real by improving their facial expressions.
A video on the Star Wars YouTube account shows Faceshift being used.
YouTube/Star Wars
It's possible that Faceshift's technology could also be used to verify a person's identity but it's understood that this is not something the company has focused on yet.
The company was founded in Zurich, Switzerland, by academics Thibaut Weise, Brian Amberg and Sofien Bouaziz. Today the company also has offices in San Francisco and London. TechCrunch highlights that the London office is led by Nico Scapel, a visual effects expert with an impressive list of film credits.Apple has already acquired several other companies focusing on augmented reality, motion pictures and facial recognition. In Europe, for example, it's acquired PrimeSense, Polar Rose, and Metaio. Faceshift could help Apple to further progress its efforts in these areas.
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Is Your Company Leveraging Employee Social Networks for Talent Acquisition?
Scott Maxwell, OpenView Venture Partners
Dec. 27, 2012,
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It’s highly likely that your current employees are active on a variety of personal and professional social networks — LinkedIn, Facebook, Instagram, and more. Additionally, it’s a safe bet a number of them are also part of networking and community groups within their respective fields.
If you’re not making efforts to put all that social activity and networking to your recruiting advantage, you’re missing out on a huge opportunity to extend your talent acquisition.
In my post last week, I discussed the importance of developing your corporate brand to appeal to top talent. Your current employees play a huge part in that. After all, A players know (and attract) A players.
Think about it — sales people know sales people, marketers know marketers, engineers know engineers, recruiters know recruiters, and so on and so forth. Referrals are an important part of any strategic recruitment strategy, but using social media will help you to extend beyond direct referrals. Leveraging employee networks can allow you to get referrals from referrals.
How do you leverage employee social networks to your recruiting advantage? Simple: Ask.
In addition to informing your employees of internal job openings and reiterating that you have an internal referral program (which you should), ask your employees to share the job, whether it’s the job posting or simply a quick announcement. All it takes is a few clicks to share a LinkedIn posting, send out a quick tweet, or Facebook post, and the majority of employees will be happy to help. Doing so will vastly extend your reach.
Additionally, your talent team — as well as all internal employees — can help to build your company brand virally through social media. Have individual employees share ideas through blogging, networking, posting, and engaging their social networks. Doing so has solid benefits. For one, it will help to increase buzz, but wait, there’s more!
Possibly even more important, your team will learn about new practices and strategies because they will be reading up before they write. I personally can’t tell you how much I’ve learned this year by keeping up with what’s new in the recruitment space from industry examples, blogs, influencers, newsletters, etc.
Social media is a great way to share, so take advantage of your internal networks.
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Food Ordering Company Seamless Acquires MenuPages And Its Database of 35,000 Restaurants
Alyson Shontell
Sep. 26, 2011, 10:00 AM
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Seamless, the food ordering site that recently rebranded from Seamless Web, has acquired MenuPages.
BetaBeat estimates the acquisition price was $15 million.
MenuPages is a restaurant database with more than 175,000 user-written reviews and 35,000 menus. The acquisition marks Seamless' expansion from a food-ordering site to a complete restaurant resource.
Now it will have user-generated content, more accurate menus, and better quality reviews.
In addition to gaining MenuPage's database, Seamless will acquire its mobile audience. Mobile has been a major growth area for Seamless, which has seen a tremendous spike in completed orders due to mobile traffic and almost half a million app downloads.
Combined, MenuPages and Seamless will have nearly 900,000 mobile users and access to more than 50 cities worldwide.
Click here for more on the Seamless' new mission.
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Food Ordering Company Seamless Acquires MenuPages And Its Database of 35,000 Restaurants
Food Ordering Company Seamless Acquires MenuPages And Its Database of 35,000 Restaurants
For an estimated $15 million.
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Why So Many Startups Are Being Acqui-Hired - Business Insider
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Why So Many Startups Are Being Acqui-Hired
Jay Yarow
Aug. 10, 2012,
4:10 PM
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/ Mari Smith
One of the most interesting trends in startup land is the rise of
the "acqui-hire," which is when a big company buys a smaller
company just to get its employees.
For instance, Facebook
acquired New York-startups Hot Potato and Drop.io just for the
companies' founders. It pretty much killed the product they
developed. Or, more recently, Google
bought Milk, the app development company from Kevin
Rose. It killed all of Milk's projects and
put the team to work on Google+.
Why are Google and
Facebook buying the companies instead of just poaching the
employees? UNC law professors John Coyle and Gregg Polsky
explored the acqui-hire trend and published a paper on it.
Dan Primack at Fortune
read the paper and talked to the professors. The results are
fascinating.
The key takeaways:
It saves face for the entrepreneur to say, "I sold my
company to Google." The professors found that the
majority of acqui-hired companies couldn't have raised another
round of funding. Taking a "buy out" offer sounds a lot better
than having the company go out of business.
It eases the tension of offering people huge salaries
to come work at your company. If Facebook tried to
hire some of the people at Hot
Potato, it would have to make a generous offer. If it led
to the new Hot Potato employee making more money than the
current Facebook employees, the office culture could be
poisoned. But, if Facebook brings in employees through an
acqui-hire, and essentially gives them a huge bonus to join,
what can it do? It has to tell its people, "We had to buy their
equity."
That equity bonus is better for tax purposes.
Engineers can treat their bonuses as capital gains, which is
more tax-friendly. Though, the UNC professors believe this
might not last if the IRS starts paying attention.
Acqui-hiring is good for big companies because it keeps
VCs happy. If Google had the choice between poaching a
startups employees, and robbing a VC of the ability to say it
had an exit, or just doing the acqui-hire, the acqui-hire is
better in the long run. It might end up costing a little more,
but it keeps VCs happy, and down the road the VCs might be able
to help out Google.
For more,
head over to Fortune >
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Cloudflare Acquires Neumob for Its VPN Product
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The $3.2 billion startup Cloudflare just bought a mega-popular company that saves money on your phone bill
Becky Peterson
2017-11-14T14:00:00Z
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Cloudflare founders Michelle Zatlyn and Matthew Prince.
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Cloudflare, a content delivery network known for protecting and then withdrawing its protection from a Nazi blog called The Daily Stormer, has acquired startup Neumob.Cloudflare was primarily interested in Neumob's now defunct virtual private network (VPN) product, which it plans to revive.The company also plans to relaunch Neumob's core product, which allows developers to speed up their applications, under its own brand.Aiming to get into the virtual private network (VPN) market, content delivery network provider Cloudflare has acquired Neumob.
Neumob's primary product is software that helps developers speed up their app so they run faster and require less bandwidth. But the company previously offered a popular VPN product that Cloudflare plans to resurrect and make more stable and secure. "We think there's an opportunity to create a VPN that doesn't suck," Cloudflare CEO Matthew Prince said. Cloudflare, which was last valued at $3.2 billion in 2016 and is currently prepping for its initial public offering (IPO), officially took control of Neumob on Tuesday. The company plans to relaunch Neumob's products under the Cloudflare brand and move Neumob's systems onto its own.The companies didn't disclose the terms of the deal.
VPNs are like dedicated channels on the internet; they allow remote computers to get past firewalls and act as if they are directly connected to distant servers or corporate networks. They can also allow users to mask their locations. A computer in Romania that's connected to a US VPN will typically appear to the websites it visits as if it is based in the United States. The Neumob VPN was extremely popular in markets where phone plans can be costly and prohibitive for mobile internet use. The VPN speeds up load times on mobile applications, which in turn uses less costly phone data.However, Neumob was forced to shut down the product earlier this year after an overzealous radio host in Brazil promoted it, Prince said. So many new customers flooded in that the service became unsustainable. "Retail bandwidth in Brazil and India is so expensive, it became overwhelming for them to keep it up," he said.
Cloudflare, which is best known for first protecting the Nazi site the Daily Stormer from a hacker attack and then withdrawing that support, plans to relaunch the VPN service as as a free consumer product in the coming months, Prince said. The revived VPN service will run through Cloudflare's existing global infrastructure, which is designed to withstand heavy traffic. The relaunched product will focus on high-security and high-speed data transfers. But it will broadcast users' actual locations, so it won't be useful for streaming Netflix from another country or bypassing national firewalls.Prior to the acquisition, Neumob had raised $11.5 million in funding led by Accel. Among the customers of its app accelerator software is HotelTonight.
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Xbox Is in Trouble, and Microsoft May Buy a Company to Fix It
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Xbox is in trouble — and Microsoft is considering a major acquisition to fix it
Ben Gilbert
2018-01-30T16:13:51Z
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Microsoft's Xbox One platform is making ambitious moves but remains in second place behind Sony's massively successful PlayStation 4.A comparatively poor lineup of major exclusive games is a key factor in the Xbox One's weaker position.A new report from the gaming site Polygon says Microsoft is looking at a major acquisition to help the Xbox group. Valve, EA, and PUBG Corp. are all cited as potential purchases.
Microsoft could buy Valve — the company behind Steam, the world's largest gaming service. Or it may buy EA — the company behind "Madden," "FIFA," and "Need for Speed."That's according to a new report from the gaming site Polygon, which cites "a reliable source close to Microsoft."Apparently, Microsoft is also eyeballing PUBG Corp., the South Korean developer in charge of what is essentially the biggest game in the world right now, "PlayerUnknown's Battlegrounds."It's unclear how far, if anywhere, these talks have gone. Microsoft representatives offered the following statement: "Microsoft does not comment on rumor or speculation."
Whether any of these acquisitions make sense is a bit clearer: "Close to zero probability of buying EA," the Wedbush senior analyst Michael Pachter told me in an email.
"Madden NFL 18" is the latest entry in EA's long-running football game franchise.
EA
That's because of what EA is: a major third-party game publisher with a huge stable of games tied directly to licenses.The "Madden" franchise exists because of EA's partnership with the NFL. The "FIFA" franchise exists because of EA's partnership with FIFA International. EA has a lengthy deal with Disney for rights to make "Star Wars" games.Most important of all, EA makes games for everything. That means your Xbox One and your PS4 and whatever else. Every "Madden" comes to PlayStation 4 and Xbox One.
EA is what is known as a multiplatform publisher — it benefits from selling its games on whichever console you're playing on, including your phone. If Microsoft were to buy EA, it would do so (presumably) to retain exclusivity rights to EA's large library of games.Simply put: Microsoft would buy EA to make EA's games available only on Xbox One and PC.
"Star Wars Battlefront 2" is EA's latest "Star Wars" game.
EA
It would be a huge blow to Sony's PlayStation 4, but it would also make the acquisition a failure."That would lower EA revenues — by a lot, unlikely to be made up by growth on Xbox — and would make a purchase prohibitively expensive," Pachter said. Though EA has a large library of intellectual property, losing the revenue of selling that IP on competing platforms would hurt too much.
Valve or PUBG Corp. would perhaps make a bit more sense, but it's hard to know. Valve is a privately owned company, as is PUBG Corp.'s parent company, Bluehole Studio.Valve's Steam gaming service and storefront is tremendously valuable, as is Valve's stable of game franchises (including "Half-Life," "Portal," "Left 4 Dead," and "DOTA 2"). PUBG Corp. has the one game, "PlayerUnknown's Battlegrounds," but that one game is outrageously popular. And Microsoft has a history of acquiring outrageously popular games with long legs.Whether Valve or PUBG Corp. are even up for sale is another question; representatives for Valve and PUBG Corp. didn't respond as of publishing.Read the full Polygon report right here.
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LaserShip and OnTrac are package-delivery companies on the East and West coasts, respectively.
A Moody's note shows LaserShip has acquired OnTrac for $1.3 billion.
The combined entity will have close to national coverage, challenging UPS and FedEx.
LaserShip, a package-delivery company with service across the East Coast and South, is acquiring OnTrac Logistics, a West Coast delivery company, for $1.3 billion, according to a Moody's note. Combined, the companies will be the country's largest regional parcel carrier, stretching from the Atlantic to Arkansas and from the Pacific to Colorado. Neither company immediately responded to Insider's request for comment."Now, it's really just the middle 10 states that won't be covered by these two networks," said Matthew Hertz, a cofounder of the e-commerce-operations consultancy Second Marathon and former operations specialist at Birchbox and Rent the Runway. Apart from Texas, those missing states represent a small percentage of the US population, he said.Regional carriers like LaserShip and OnTrac have gained ground during the pandemic as the rush of e-commerce packages has led FedEx and UPS to raise prices, levy surcharges, and restrict how many packages some retailers can ship. LaserShip has used the boom to grow territory and increase automation in its warehouses. "This deal illustrates the demand for parcel alternatives to FedEx and UPS," said Benjamin Gordon, the CEO of Cambridge Capital, a private-equity firm focused on supply-chain investments. Regional carriers generally offer lower prices than FedEx, UPS, and DHL, "which is why over the last decade — and the last couple of years — they've picked up a lot of volume from shippers who can't afford to pay the nationals' exorbitant fees," Hertz said.The economies of scale gained by combining the two companies could make the new entity more competitive with FedEx and UPS, Hertz added, though it'll have a ways to go. Combined, LaserShip and OnTrac will have revenue of about $1.6 billion, according to Moody's, compared with roughly $84 billion each for FedEx and UPS."LaserShip's acquisition of OnTrac is a transformative step to becoming a national last mile delivery company by combining the eastern and western regional networks of LaserShip and OnTrac, respectively," a Moody's rating-action notice dated October 6 said. LaserShip will finance the $1.3 billion deal with $875 million in loans and $472 million in cash. Moody's wrote the company's rating remained stable after accounting for the deal. Mergers and acquisitions are coming fast in the logistics industry as supply chains face historic levels of congestion and stress. Exploding volume across shipping modes has pumped cash into the sector, and industry experts expect more deals to come."We are in the midst of a massive consolidation reshaping the supply chain," Gordon said.
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VIDEO: AOL CEO Armstrong And Arianna Discuss AOL's Acquisition Of HuffPo
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2011-02-07T05:32:00Z
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AOL announced tonight that it bought the Huffington Post for $315 million.
AOL CEO Tim Armstrong and Huffington Post cofounder Arianna Huffington discuss the deal in this interview with Kara Swisher:
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Undertone acquired by Perion for $180 million
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NYC ad tech company Undertone has been acquired by Israel-based Perion for $180 million
Lara O'Reilly
2015-12-01T14:53:08Z
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Undertone CEO Corey Ferengul.
Undertone
US-based ad tech startup Undertone has been acquired by publicly-listed Israeli marketing software company Perion in an all-cash deal worth $180 million.In acquiring Undertone, Perion will have a bigger presence in the US — the biggest digital advertising market in the world.
Undertone specializes in serving what it calls "high-impact ads." It differentiated itself by focusing on the creative, media, and tech needed to allow big-spending advertisers to pay for video and other forms of interactive digital ads that work across all different sizes of screens.Undertone was founded in Ney York City 2001 and has around 275 employees across eight offices. It generated $89 million in net revenue in the first nine months of $104 million and reported adjusted EBITDA of $14.6 million. Ahead of the acquisition, the company had raised $40 million in funding, and as part of the deal Perion will take on Undertone's $50 million in long-term debt.Combined, the two companies are estimated to generate $350 million in net revenue this year and will have 660 employees across seven countries.In a press release, Perion CEO Josef Mandelbaum, said: "In Undertone we have found a premium brand company of scale and profitability, with a differentiated sustainable position in the market. Together we firmly establish ourselves as the leader in delivering high-quality advertising solutions for publishers and brands. In addition to providing strong cash flow and revenue diversification, Undertone will add significant depth and talent to our company. With this acquisition we intend to become synonymous with engaging and impactful advertising solutions for brands and publishers."
In the short-term, Undertone will operate independently from Perion as the two companies work out how they can best integrate together. Undertone CEO Corey Ferengul will continue in his current role.Perion does already have a small footprint in the US, mostly thanks to its $42 million acquisition of ad aggregation platform Grow Mobile in 2014.
Ad tech stocks had a rocky Q3.
LUMA Partners
Tuesday's acquisition marks the latest chapter in the ongoing consolidation of the ad tech market. Industry observers suggest there will be plenty more acquisitions and mergers in 2016 to match the kind of activity seen this year as internet like giants like Google and Facebook bid to build out their ad tech stacks and non-traditional players such as enterprise software firms and telcos begin to get into the ad tech game. Meanwhile, many ad tech startups are fearful of the public markets, given the recent poor performances of most of the publicly-listed ad tech companies.Lots of companies have been snapped up in recent months, including Verizon's $4.4 billion purchase of AOL, and months later AOL's $238 million acquisition of Millennial Media. Elsewhere, News Corp acquired Unruly in a deal worth $176 million, and IronSource merged with Supersonic, to name but a few.The press release announcing the Undertone acquisition states that the transaction will include: $91 million in cash; an additional $16 million as a holdback payable in 18 months; $3 million payable in instalments over the next 18 months; and another $20 million, bearing interest, due in 2020. As aforementioned, Perion has also entered into a new long-term credit agreement with Undertone's lenders — SunTrust Robinson Humphreys, Silicon Valley Bank, and Commercial Bank — for $50 million.
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ZA | M&A | 1 | [
{
"label": "M&A",
"score": 1
}
] |
Marissa Mayer Makes Her First Acquisition, Stamped—A Startup Run By Her Former Colleague
http://www.businessinsider.com/marissa-mayer-makes-her-first-acquisition-and-its-one-of-her-former-colleagues-2012-10
en-us
Thu, 25 Oct 2012 12:59:00 -0400
Sat, 18 May 2013 07:22:44 -0400
Alyson Shontell
http://www.businessinsider.com/c/508a31466bb3f78f70000002
also those 10 acqi-hires will quit so fast your head will spin
Fri, 26 Oct 2012 02:44:22 -0400
http://www.businessinsider.com/c/508a31466bb3f78f70000002
if the stamped guys didnt get a big WIN....
they will look to leave and try again
marissa thus bought nothing.
http://www.businessinsider.com/c/508a30f469beddf839000012
OK LETS NOT JUST TALK ABOUT MARISSA'S BUYS --- LETS SHARE THE COMPANIES SHE SHOULD HAVE BOUGHT BUT DIDNT
Fri, 26 Oct 2012 02:43:00 -0400
http://www.businessinsider.com/c/508a30f469beddf839000012
THE OTHER DAY YELP BOUGHT THE YELP OF EUROPE FOR JUST $50 MILLION DOLLARS. THEY HAVE 15 MILLION UNIQUE USERS MONTHLY.
MY FIRST THOUGHT WAS WHY DIDNT MARISSA BUY THAT COMPANY.
SHE COULD BUILD STAMPED IN A FEW DAYS. THEY HAVE NO USERS EITHER.
COME ON MARISSA. BUY SOMETHING REAL AND DONT MISS DEALS.
http://www.businessinsider.com/c/5089bc0e69bedd7324000001
seth rogers
Thu, 25 Oct 2012 18:24:14 -0400
http://www.businessinsider.com/c/5089bc0e69bedd7324000001
wasting time with a 10 person acqi-hire is not the way to turn yahoo around.
http://www.businessinsider.com/c/508992cd69bedd313d000001
Duh
Thu, 25 Oct 2012 15:28:13 -0400
http://www.businessinsider.com/c/508992cd69bedd313d000001
Surprise surprise, nepotism still is the fastest way to millions in the valley, regardless of your skill or product or knowledge, its still who you know...
http://www.businessinsider.com/c/50898536eab8ea6d4800000e
Madra Rua
Thu, 25 Oct 2012 14:30:14 -0400
http://www.businessinsider.com/c/50898536eab8ea6d4800000e
I always thought Stamped was beautifully designed - especially their hard-to-find online profiles.
But this was not a sale though strength - a look at AppData shows they were getting no traction at all.
It annoys me when these things are positioned as wins. It was a lucky escape.
But you know, good for them for making lemonade out of lemons.
http://www.businessinsider.com/c/5089824969bedd7a0e00000c
John Hender
Thu, 25 Oct 2012 14:17:45 -0400
http://www.businessinsider.com/c/5089824969bedd7a0e00000c
Never heard of it.
http://www.businessinsider.com/c/50897b0169bedddb7a000011
Sage
Thu, 25 Oct 2012 13:46:41 -0400
http://www.businessinsider.com/c/50897b0169bedddb7a000011
The enemy of my enemy is not always my friend.
Who knows what will come of this transaction, could be AOL 2.0 for all we know.
http://www.businessinsider.com/c/50897638eab8ea522a000005
why not?
Thu, 25 Oct 2012 13:26:16 -0400
http://www.businessinsider.com/c/50897638eab8ea522a000005
why not?
http://www.businessinsider.com/c/508975cd69bedde66e00000f
seth rogers
Thu, 25 Oct 2012 13:24:29 -0400
http://www.businessinsider.com/c/508975cd69bedde66e00000f
being bought by yahoo is not a win.
http://www.businessinsider.com/c/5089724469beddef65000011
ValleySwagger
Thu, 25 Oct 2012 13:09:24 -0400
http://www.businessinsider.com/c/5089724469beddef65000011
Thought this company was hot? Does being acq-hired prove they actually failed?
http://www.businessinsider.com/c/508970f9eab8eae91e000001
shall7070
Thu, 25 Oct 2012 13:03:53 -0400
http://www.businessinsider.com/c/508970f9eab8eae91e000001
well looky here | M&A | 0.999999 | [
{
"label": "M&A",
"score": 0.9999991655349731
}
] |
Google Buys reCAPTCHA, Gets Help Reading Books - Business Insider
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Google Buys reCAPTCHA, Gets Help Reading Books
Dan Frommer
Sep. 16, 2009, 12:40 PM
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Google has acquired reCAPTCHA, which provides CAPTCHA technology for more than 100,000 Web sites. reCAPTCHA is a spinoff of Carnegie Mellon University's computer science department.
A CAPTCHA is a bit of text that Web sites use to verify that it's indeed a human being on the other end of the line -- not a spam robot or computer. (Though they're not 100% secure, CAPTCHAs tend to block out most spam. We use reCAPTCHA, for example, on our anonymous tips form.)
The twist in the deal that could help Google is that many of reCAPTCHA's words come from scanned newspapers and old books. By having humans type the scanned words into reCAPTCHA, they get help reading the scanned text. This could be helpful for Google's book scanning project.
Creator Luis von Ahn will remain on the CMU computer science faculty, but will also work at Google's Pittsburgh office.
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Twitter Acquired Startup for $22.8 Million in Q2 2019: 10-Q SEC Filing
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Twitter acquired a startup for $22.8 million last quarter, and it's probably this London AI company
Rob Price
2019-07-31T22:43:36Z
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Twitter spent $22.8 million to acquire an unnamed startup in the second quarter of 2019.The startup appears to be Fabula AI, a machine learning business from London that Twitter had previously announced it had bought for an undisclosed sum.The $22.8 million figure was disclosed in a corporate filing, and a Twitter spokesperson declined to share more info about what it was for.Visit Business Insider's homepage for more stories.
Listen to The Refresh: Insider's real-time news podcast.
Twitter acquired a startup for $22.8 million at some point between April and June of 2019.In a corporate filing made public on Wednesday, the San Francisco-based social networking firm disclosed that it had spent more than $20 million to acquire a company in the second quarter of the year.Twitter did not disclose the name of the company in the filing, and a Twitter spokesperson declined to share more information with Business Insider about it.It appears to be Fabula AI, a London-based machine learning (ML) startup that builds tech to fight fake news, that Twitter announced it had acquired for an undisclosed sum in June 2019.
In a blog post at the time, Twitter said that it acquired Fabula AI to help build out its AI/ML research group, and that "this strategic investment in graph deep learning research, technology and talent will be a key driver as we work to help people feel safe on Twitter and help them see relevant information."An alternative possibility is Highly, a document-highlighting service that announced it had been bought by Twitter in an acqui-hire on April 17.Another option is that Twitter acquired a third, as-yet-undisclosed startup during the second quarter of 2019."During the three months ended June 30, 2019, the Company made an acquisition, which was accounted for as a business combination," Twitter said in its 10-Q SEC filing on Wednesday.
"The purchase price of $22.8 million (paid in cash of $20.5 million and indemnification holdback of $2.3 million) for this acquisition was allocated as follows: $4.9 million to developed technology, $1.2 million to net liabilities assumed based on their estimated fair value on the acquisition date, and the excess $19.1 million of the purchase price over the fair value of net assets acquired to goodwill. The goodwill from the acquisition is mainly attributable to assembled workforce, expected synergies and other benefits. The goodwill is not tax deductible. The developed technology will be amortized on a straight-line basis over its estimated useful life of 36 months."Last week, Twitter announced its second-quarter financial results. It beat analysts expectations for revenue, bringing in $841 million, with a 21% year-on-year increase in ad sales. It made $37 million in profit, and its users grew at its fastest year-on-year rate since the summer of 2017 — a combination of factors that sent its stock jumping 7% in subsequent trading.Got a tip? Contact this reporter via encrypted messaging app Signal at +1 (650) 636-6268 using a non-work phone, email at [email protected], Telegram or WeChat at robaeprice, or Twitter DM at @robaeprice. (PR pitches by email only, please.) You can also contact Business Insider securely via SecureDrop.Read more:Mark Zuckerberg's personal security chief accused of sexual harassment and making racist remarks about Priscilla Chan by 2 former staffersFacebook says it 'unintentionally uploaded' 1.5 million people's email contacts without their consentYears of Mark Zuckerberg's old Facebook posts have vanished. The company says it 'mistakenly deleted' them.Car-bomb fears and stolen prototypes: Inside Facebook's efforts to protect its 80,000 workers around the globe
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The Big Secret Adobe Doesn't Want You To Know About Its Demdex Acquisition - Business Insider
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The Big Secret Adobe Doesn't Want You To Know About Its Demdex Acquisition
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Adobe acquired an ad-optimization startup called DemDex yesterday.
Across the tech press landscape, Adobe and DemDex filled inboxes with news of the deal and even sent out a release to many of its customers.
One thing you won't find in any of those announcements is how much Adobe paid.
Well, we just found out: $58 million, according to a reliable industry source.
Still breathing?
The truth is, big public companies make aquistions like these and almost always decide not to disclose the price.
The reason?
Probably there is no reason – other than that disclosing the price has very little upside and can only hurt.
In this case, maybe the team Adobe is replacing with the DemDex team will hate their new, richer colleagues and never be able to work with them. Maybe DemDex investors First Round Capital, Genacast Ventures, and Shasta
Ventures don't want their own investors to be reminded that they only got a $58 million exit from their $7.5 million investment. Maybe DemDex execs don't want a thousand cold calls from Charles Schwab brokers.
Sure, $58 million is enough that Adobe, a public company, will have to eventually disclose the price in the middle of some labyrinthine SEC filing – but why make waves now?
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Generally speaking, internal to an acquired company and also the acquiring company, the price will be well known. These things have a habit of getting around the internal grapevine. It's standard practice to not disclose M&A activity in general, publicly, other than the successful conclusion of one. And the acquisition price is most informative to competitors and others in related industries (VC, tech and software co's in general) for comparison purposes.
For the rest of us, it's usually little more than an "oh, look!" moment. By the way, $1.5M in seed in late '08 and $6M in Series A *less than a year ago*, converted to $58M M&A price, is a great turn - that is almost 10x on Series A in. In other words, I'd suggest that we don't read too much into it other than to say congrats.
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You could've just tweeted the price. This was hardly worth wordage. It's not even an article, just a much of questions and speculation. Yawn.
Go back to school and learn how to write.
The Big Secret Adobe Doesn't Want You To Know About Its Demdex Acquisition
The Big Secret Adobe Doesn't Want You To Know About Its Demdex Acquisition
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IBM Strikes Deal to Buy Red Hat for $34 Billion
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IT'S OFFICIAL: IBM is acquiring software company Red Hat for $34 billion
Becky Peterson
2018-10-28T18:18:12Z
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IBM has struck a deal to acquire the cloud software company Red Hat for $34 billion.IBM will pay $190 a share for the software company, which it described as the world's leading provider of open-source cloud software, a premium of more than 60% from Red Hat's closing stock price of $116.68 on Friday.Also read: IBM was losing the cloud wars — here's why Wall Street thinks its $34 billion Red Hat acquisition will change that
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IBM has struck a deal to acquire the cloud software company Red Hat for $34 billion.IBM will pay $190 a share for the software company, which it described as the world's leading provider of open-source cloud software, a premium of more than 60% from Red Hat's closing stock price of $116.68 on Friday. Shares traded upward of $175 in June, but disappointing earnings combined with a volatile market to see the price drop sharply.Here are the key points from the deal announcement:IBM will acquire all of the issued and outstanding common shares of Red Hat for $190.00 per share in cash, representing a total enterprise value of approximately $34 billion.Goldman Sachs, JPMorgan and Lazard advised IBM. Guggenheim Partners represented Red Hat on the deal. Banks could reap as much as $115 million for orchestrating the deal.IBM will remain committed to Red Hat's open governance, open source contributions, participation in the open source community and development model, and fostering its widespread developer ecosystem.IBM and Red Hat also will continue to build and enhance Red Hat partnerships, including those with major cloud providers, such as Amazon Web Services, Microsoft Azure, Google Cloud, Alibaba and more, in addition to the IBM Cloud.Red Hat will join IBM's Hybrid Cloud team as a distinct unit, preserving the independence and neutrality of Red Hat's open source development heritage and commitment, current product portfolio and go-to-market strategy, and unique development culture.Red Hat will continue to be led by Jim Whitehurst and Red Hat's current management team. Jim Whitehurst also will join IBM's senior management team and report to Ginni Rometty. IBM intends to maintain Red Hat's headquarters, facilities, brands and practices."IBM will become the world's #1 hybrid cloud provider, offering companies the only open cloud solution that will unlock the full value of the cloud for their businesses," Ginni Rometty, IBM chairman and CEO, said."Joining forces with IBM will provide us with a greater level of scale, resources and capabilities to accelerate the impact of open source as the basis for digital transformation and bring Red Hat to an even wider audience – all while preserving our unique culture and unwavering commitment to open source innovation," Jim Whitehurst, president and CEO of Red Hat, said.
Here's the full statement:IBM (NYSE:IBM) and Red Hat (NYSE:RHT), the world's leading provider of open source cloud software, announced today that the companies have reached a definitive agreement under which IBM will acquire all of the issued and outstanding common shares of Red Hat for $190.00 per share in cash, representing a total enterprise value of approximately $34 billion."The acquisition of Red Hat is a game-changer. It changes everything about the cloud market," said Ginni Rometty, IBM Chairman, President and Chief Executive Officer. "IBM will become the world's #1 hybrid cloud provider, offering companies the only open cloud solution that will unlock the full value of the cloud for their businesses."Most companies today are only 20 percent along their cloud journey, renting compute power to cut costs," she said. "The next 80 percent is about unlocking real business value and driving growth. This is the next chapter of the cloud. It requires shifting business applications to hybrid cloud, extracting more data and optimizing every part of the business, from supply chains to sales."
"Open source is the default choice for modern IT solutions, and I'm incredibly proud of the role Red Hat has played in making that a reality in the enterprise," said Jim Whitehurst, President and CEO, Red Hat. "Joining forces with IBM will provide us with a greater level of scale, resources and capabilities to accelerate the impact of open source as the basis for digital transformation and bring Red Hat to an even wider audience – all while preserving our unique culture and unwavering commitment to open source innovation."This acquisition brings together the best-in-class hybrid cloud providers and will enable companies to securely move all business applications to the cloud. Companies today are already using multiple clouds. However, research shows that 80 percent of business workloads have yet to move to the cloud, held back by the proprietary nature of today's cloud market. This prevents portability of data and applications across multiple clouds, data security in a multi-cloud environment and consistent cloud management.IBM and Red Hat will be strongly positioned to address this issue and accelerate hybrid multi-cloud adoption. Together, they will help clients create cloud-native business applications faster, drive greater portability and security of data and applications across multiple public and private clouds, all with consistent cloud management. In doing so, they will draw on their shared leadership in key technologies, such as Linux, containers, Kubernetes, multi-cloud management, and cloud management and automation.IBM's and Red Hat's partnership has spanned 20 years, with IBM serving as an early supporter of Linux, collaborating with Red Hat to help develop and grow enterprise-grade Linux and more recently to bring enterprise Kubernetes and hybrid cloud solutions to customers. These innovations have become core technologies within IBM's $19 billion hybrid cloud business. Between them, IBM and Red Hat have contributed more to the open source community than any other organization.
"Today's announcement is the evolution of our long-standing partnership," said Rometty. "This includes our joint Hybrid Cloud collaboration announcement in May, a key precursor in our journey to this day."With this acquisition, IBM will remain committed to Red Hat's open governance, open source contributions, participation in the open source community and development model, and fostering its widespread developer ecosystem. In addition, IBM and Red Hat will remain committed to the continued freedom of open source, via such efforts as Patent Promise, GPL Cooperation Commitment, the Open Invention Network and the LOT Network.IBM and Red Hat also will continue to build and enhance Red Hat partnerships, including those with major cloud providers, such as Amazon Web Services, Microsoft Azure, Google Cloud, Alibaba and more, in addition to the IBM Cloud. At the same time, Red Hat will benefit from IBM's hybrid cloud and enterprise IT scale in helping expand their open source technology portfolio to businesses globally."IBM is committed to being an authentic multi-cloud provider, and we will prioritize the use of Red Hat technology across multiple clouds" said Arvind Krishna, Senior Vice President, IBM Hybrid Cloud. "In doing so, IBM will support open source technology wherever it runs, allowing it to scale significantly within commercial settings around the world."
Upon closing of the acquisition, Red Hat will join IBM's Hybrid Cloud team as a distinct unit, preserving the independence and neutrality of Red Hat's open source development heritage and commitment, current product portfolio and go-to-market strategy, and unique development culture. Red Hat will continue to be led by Jim Whitehurst and Red Hat's current management team. Jim Whitehurst also will join IBM's senior management team and report to Ginni Rometty. IBM intends to maintain Red Hat's headquarters, facilities, brands and practices."IBM's commitment to keeping the things that have made Red Hat successful - always thinking about the customer and the open source community first – make this a tremendous opportunity for not only Red Hat but also open source more broadly," said Paul Cormier, President, Products and Technologies, Red Hat. "Since the day we decided to bring open source to the enterprise, our mission has remained unchanged. And now, one of the biggest enterprise technology companies on the planet has agreed to partner with us to scale and accelerate our efforts, bringing open source innovation to an even greater swath of the enterprise."
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Inside Roku, Talk Is Heating up About an Acquisition by Netflix
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Inside Roku, talk is heating up about an acquisition by Netflix
Kali Hays,
Claire Atkinson,
Natalie Jarvey, and
Tom Dotan
2022-06-08T10:45:00Z
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Roku CEO Anthony Wood.
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Roku has a growing advertising business, something Netflix is looking to get into.
Roku started as a product inside Netflix. It was spun out more than a decade ago.
A deal makes sense, some insiders say. Others question Netflix's desire for a hardware company.
At Roku, a video-streaming platform operator that's suffered a punishing stock plunge, employees are buzzing about the possibility of an acquisition — and their talk and hopes are pinned on Netflix.Employees at Roku have been discussing the possibility of a
Netflix
acquisition in recent weeks, according to people familiar with the matter. The chatter comes as Roku's stock has dropped about 80% since late July on weaker demand for video
streaming
and lower set-top-box sales.Roku competes with Apple, Amazon, Google, and Samsung in the market for streaming devices, and some of those industry titans are battling with the smaller company for lucrative video-ad dollars. The collapse in Roku's stock made it hard to compete with its larger tech rivals on pay in a tight labor market. The result has been a staggering increase in equity grants to employees, leaving Roku well underwater on stock-based compensation.Roku has been seen as an acquisition target before — including last year, when, according to The Wall Street Journal, Comcast CEO Brian Roberts considered purchasing the company. In January, the departure of a top Roku executive stoked questions about the company's future.In recent weeks, the possibility of a Netflix acquisition has become the focus of internal chatter at Roku. That's when Roku abruptly closed the trading window for all employees, prohibiting them from selling any of their vested stock at a time when they should normally be able to do so, according to two of the people familiar with the matter. There may be other reasons for such a trading halt. Companies typically close trading windows for employees before releasing information that will affect their share price to avoid insider trading. Spokespeople for Roku and Netflix declined to comment.Netflix wants ads and Roku has them
Netflix co-CEO Reed Hastings.
Gonzalo Fuentes/Reuters
Some of the people familiar with the matter, along with industry bankers and other experts, told Insider the timing would be advantageous for both parties if they were looking to strike a deal. Roku's valuation had plunged below $13 billion as of the close of trading on Tuesday, making an acquisition easier to swallow than a year ago when Comcast was reportedly eyeing a deal.Netflix is looking to introduce advertising to its service for the first time as it faces increased competition and subscriber losses. Roku has built a robust video-advertising platform that generated $647 million in first-quarter revenue. That's about seven times the sales brought in by Roku's hardware business, which makes video-streaming boxes and related devices."It makes sense with where Netflix wants to go," a technology investment banker said. "And it makes sense in this current environment. Everyone is looking around thinking, 'I was worth twice as much last year. What happened?'" One senior-level Roku employee said a deal between the two companies would "align well in terms of culture, business, and current valuation." Netflix is trying hard to get into advertising-based video on demand "and Roku has it," this person added. Everyone who spoke with Insider for this story asked not to be identified discussing private matters. A long, intertwined historyNetflix has turned to acquisitions in the recent past to help it expand. When the company decided last year to start offering video games, it went on a mini acquisition spree, snapping up several small game developers, including Boss Fight Entertainment in a March deal. Roku and Netflix have a long, intertwined history. Anthony Wood, Roku's founder and CEO, developed a set-top box inside Netflix in the early 2000s. For many years, the companies operated their corporate headquarters next door to each other in Los Gatos, California. Reed Hastings, a Netflix cofounder and co-CEO, decided to spin that business out in 2008 over concerns that owning its own platform would hamper its ability to distribute its streaming app on other devices. In 2014, Hastings reiterated his lack of interest in hardware. "We're working with over 1,000 devices now. There's no value add for us to do a device," he said during an interview at the Code Conference.One Roku insider was skeptical of a deal, saying Netflix "never showed an appetite for getting into hardware." Roku commands a leading share of the connected-TV market in the US, but sales of its players tumbled 19% during the first quarter, resulting in a loss for the division.That part of the business is now dwarfed by Roku's advertising operation, though. And Netflix would get immediate scale in advertising by buying Roku.'There's no religion anymore'Netflix is under siege from other video streamers, sending its stock down about 70% in the past six months. Owning Roku would give it a huge competitive advantage when it comes to knowing what people watch and when they stop watching, not just on Netflix but also across rival streaming channels carried through Roku boxes.One media-industry executive who has spoken with Netflix in recent weeks told Insider that Hastings' view of his company's future was, "Nothing is off the table," and that he's open to anything."There's no religion anymore," this person said.Roku has more than 61 million active accounts, making it an important strategic weapon in the growing battle for video-streaming-ad dollars between tech and media-industry giants. While its neutral status was a valuable tool in the past, the company's direct connection to so many consumers and homes could give Netflix more power to negotiate with other platforms and industry titans. Indeed, Apple and Amazon run video-streaming services and sell their own streaming devices. That hasn't prevented those companies from offering rival services through their hardware.Yet some industry observers questioned whether it would make sense for Netflix to spend so much on an acquisition at a time when it faced pressure from investors to boost revenue growth and staunch subscriber losses. Despite purchasing several small video game developers recently, the company has eschewed major M&A deals.One industry analyst also highlighted that Netflix could run afoul of antitrust regulators if it tried to buy Roku. Another industry source said Netflix was early in figuring out what it wants to do in advertising and might not know yet if it needs to go shopping for a business the size of Roku.Despite recent share declines, Roku would probably cost Netflix at least one-fifth of its $88 billion market valuation.
Disclosure: Mathias Döpfner, CEO of Business Insider's parent company, Axel Springer, is a Netflix board member.
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How Online Retailers Can Reduce the Cost of Re-Acquiring Existing Customers
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How Online Retailers Can Reduce The Cost Of Re-Acquiring Existing Customers
Cooper Smith
2014-03-24T12:50:00Z
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Welcome to our new E-Commerce Insider newsletter, a morning email with the top news and analysis on the e-commerce industry, produced by BI Intelligence. Click here to sign up for E-Commerce Insights today, and receive it every morning in your inbox. ECONOMICS OF E-COMMERCE: Josh Hannah, a general partner at private equity firm Matrix Partners, published an insightful piece about scaling a successful e-commerce business. Hannah focuses on customer acquisition costs, and why it's important for online retailers to reduce the cost of re-acquiring existing customers. "Retail customers are fickle and forgetful. They will find other merchants they like, and even if they continue to like your business, they will forget to come back to shop. That is, unless you create a systematic method of re-engagement with no marginal cost," explained Hannah. Online retailers can keep their marketing costs down when trying to re-engage customers by offering loyalty programs, flash sales, or subscriptions for products that consumers typically purchase on a recurring schedule. Entire e-commerce companies have been built around these models (such as BirchBox's subscription business, and Gilt's flash sales). Hannah argues that there is still a lot of room for innovation. (Pando Daily)KEEPING YOUR TOP CUSTOMERS HAPPY: Related to Josh Hannah's piece about the economics of online retail, retail analytics company RJMetrics released some new data showing how critical it is to retain top customers. RJMetrics looked at data from hundreds of online retailers and found that the top 10% of customers spend $163 per order, which is three times more than the remaining 90% of customers spend on average. What's more, the typical online store generates 43% of its revenue from repeat customers. Many retailers focus their efforts on acquiring new customers, but it's important to not forget about keeping loyal customers happy in order to retain their business. (RJMetrics) STARBUCKS LOOKS TO MOBILE REVENUE: Mobile is becoming increasingly more important to Starbucks's overall business. The company revealed at its annual shareholder meeting that mobile transactions have grown from 10% to 14% of U.S. sales. Starbucks CEO Howard Shultz said the coffee chain's mobile success is due to investments made ahead of the growth curve. The company recently announced two new features for its iPhone app — digital tipping and "shake-to-pay." The company is also planning to test an order-ahead feature this year, allowing customers to place their orders before arriving in-store. (Mobile Commerce Daily)ANOTHER REASON WHY MOBILE IS SO IMPORTANT: Mobile shopping might only account for a sliver of total retail sales, but its influence on consumers and where they decide to shop cannot be overlooked. Fifty-five percent of retail marketing e-mails are opened only on tablets and smartphones, according to a new study released by Yesmail Interactive (a unit of Yes Lifecycle Marketing). For comparison, 36% are opened only on PCs and just 9% are opened on both desktop and mobile devices. Because e-mail is a core marketing tactic for so many retailers, it's important that they format their e-mail campaigns so that they are viewed easily on device screens that vary in size. (Yesmail)WELCOME, E-COMMERCE INSIDERS: This is our new newsletter covering all things e-commerce. Please email [email protected] with news and tips. Click here to sign up for E-Commerce Insights today, and receive it every morning in your inbox. VULNERABILITY OF OMNI-CHANNEL RETAILERS: Cross-channel (or, omni-channel) retailers are finding it difficult to deter theft and fraud. In addition to credit card fraud, retailers who allow consumers to buy online but return products in-store without a receipt have "created a perfect fraud culture," said Wal-Mart's Director of Global E-Commerce Investigations Fred Helm. Fraud often plagues new financial opportunities, and so it's important for retailers to mitigate their risks by investing in cyber-security. For example, Helm says that he helps lead a team of data analysts and investigators at Wal-Mart who monitor unusual customer activity. (Internet Retailer)WET SEAL RAISES MONEY TO BOLSTER E-COMMERCE EFFORTS: Teen apparel retailer Wet Seal raised $27 million from an institutional investor to shift its focus from offline, to online shopping. "This transaction enhances our capital structure at a time when our industry is challenged by a number of macro issues, most notably mall traffic and teen shopping patterns," said Wet Seal CEO John Goodman. Wet Seal plans to invest heavily this year in its e-commerce business to compensate for declining offline sales. (Business Wire)Here's what else BI Intelligence subscribers are reading …Mobile's Driving More Paid Search Clicks And ConversionsOnline US Retailers Saw Larger Order Values And Higher Conversion Rates In 2013Global Remittance Fees Are Beginning To Come DownTelco TV Achieves Big Subscriber Gains In 2013, Despite Subscribers' Growing Intent To Cut ServiceThree In Four Merchants Plan To Have A Mobile Shopping App By The End Of The YearWeChat, China's Messaging Juggernaut, Sees Accelerated Growth
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An Overseas Joint Venture Will Pay $37 Million To Acquire 'Titanic' Effects Firm
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An Overseas Joint Venture Will Pay $37 Million To Acquire 'Titanic' Effects Firm
Kirsten Acuna
Sep. 25, 2012, 11:41 AM
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screengrabDDMG was responsible for the effects in Oscar winner, "Titanic."It didn't take long for Digital Domain Media Group Inc. (DDMG) to be acquired … again.
Beijing Galloping Horse Film Co. Ltd. and Mumbai-based Reliance Capital Ltd. will pay $37 million for the digital effects firm.
The joint venture won the bid for the company at a 12-hour auction Friday.
DDMG filed for bankruptcy earlier this month. The company which was responsible for the visual effects in "Titanic" was founded in part by director James Cameron.
The company previously sold its main assets to Searchlight Partners Capital for $15 million.
According to the auction notice, the Beijing and Mumbai-based ventures beat out four other bidders including Anchorage Capital Group LLC and Technicolor Creative Services USA with a bid of $30.2 million.
The other $6.5 million will go toward contractual cure obligations and paying the debtor's payroll.
In the end, Galloping Horse America LLC will own 70 percent of the joint venture.
SEE ALSO: Neil Patrick Harris recap the entire HIMYM series in a record 52 seconds >
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An Overseas Joint Venture Will Pay $37 Million To Acquire 'Titanic' Effects Firm
An Overseas Joint Venture Will Pay $37 Million To Acquire 'Titanic' Effects Firm
More than double Searchlight's bid.
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Facebook Acquires Pebbles Interfaces Virtual Reality Hand Tracking Firm
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Facebook just bought this Israeli company to help track your hands in virtual reality
Celena Chong
2015-07-16T14:39:53Z
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Facebook has acquired Pebbles Interfaces, an Israel-based startup that specializes in gesture control, in an effort to expand its virtual reality platform.Facebook confirmed the purchase in an email to Business Insider on Thursday.
Pebbles Interfaces has been researching computer vision and depth-sensing technology for the last five years, and will be joining the Oculus virtual reality team in a $60 million deal, according to The Wall Street Journal.Facebook acquired Oculus for $2 billion last year, a technology company which created the highly anticipated Oculus Rift virtual reality headset.Pebbles' gesture-control technology can detect the hands and skin of a user who is wearing a virtual reality headset like the Rift, according to the WSJ, enabling its users to see their hands and arms in VR using light sensoring technology. The technology can also recognize and track a user's clothing, items in one's hand, and scars while using a virtual reality headset in the VR display — a feature that competing companies have yet to develop. "Through micro-optics and computer vision, we hope to improve the information that can be extracted from optical sensors, which will help take virtual reality to the next level," Nadav Grossinger, CTO of Pebbles Interfaces, wrote on the Oculus blog.
Facebook CTO Mike Schroepfer previously said, "everyone is going to have to be a little patient" with Facebook and its futuristic VR platform roll-out. Even though the public market is currently awaiting the consumer release of the Oculus Rift, scheduled to launch in Q1 2016, Facebook is already preparing for the second and third generation versions of the headset. Here's an introduction to Pebbles Interfaces' "immersive 3D real-time hands," which highlights the company's advancements in gesture control.
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Oracle Buys ECommerce Company ATG for $1 Billion
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Oracle Buys eCommerce Company ATG For $1 Billion
Nick Saint
2010-11-02T12:33:00Z
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Oracle will acquire Art Technology Group, an ecommerce software company, for around $1 billion, the companies just announced.ATG also just announced its quarterly results, with Q3 revenues of $50.3 million, up 16% over 2009.
Here's the full release:_______CAMBRIDGE, Mass.--(BUSINESS WIRE)--Art Technology Group, Inc. (NASDAQ: ARTG), the leading provider of
eCommerce software and related on demand commerce optimization
applications, today announced that it has agreed to be acquired by
Oracle Corporation for $6.00 per share in cash, or approximately $1.0
billion. The transaction is subject to stockholder and regulatory
approval and other customary closing conditions and is expected to close
by early 2011.ATG’s eCommerce software platform is the industry’s top-ranked
cross-channel commerce solution and is highly complementary to Oracle’s
CRM, ERP, Retail, and Supply Chain applications, as well as its
portfolio of middleware and business intelligence technologies. Together
Oracle and ATG expect to help businesses grow revenue, strengthen
customer loyalty, improve brand value, achieve better operating results,
and increase business agility across online and traditional commerce
environments.
“Driven by the convergence of online and traditional commerce and the
need to increase revenue and improve customer loyalty, organizations
across many industries are looking for a unified commerce and CRM
platform to provide a seamless experience across all commerce channels,”
said Thomas Kurian, Executive Vice President Oracle Development.
“Bringing together the complementary technologies and products from
Oracle and ATG will enable the delivery of next-generation, unified
cross-channel commerce and CRM.”“More than 1,000 global enterprises rely on ATG’s solutions to help
increase the value of their online customer interactions,” said Bob
Burke, President and CEO, ATG. “This combination will enhance the
ability to bring all their commerce activities together – creating a
more consistent and relevant experience for their customers across all
interaction channels, including online, in stores, via mobile devices
and with call centers.”“The addition of ATG, which brings market-leading products used by some
of the largest and most well-known retailers and brands, furthers
Oracle’s strategy of delivering industry-specific enterprise
applications,” said Bob Weiler, Executive Vice President, Oracle Global
Business Units. “This acquisition builds upon our dedication to offer
the most complete and integrated suite of best-of-breed software
applications and technologies required to power the most demanding
companies in the world in every industry.”Third Quarter Financial Results
ATG’s revenue for the third quarter of 2010 grew to $50.3 million, a 16%
increase over third quarter 2009 revenue of $43.4 million.Product license bookings, a non-GAAP measure which the company defines
as the sale of perpetual licenses, grew 37% to $14.2 million for the
third quarter from $10.4 million in the year ago quarter. Approximately
26% of product license bookings were deferred in the third quarter of
2010 and will be recognized in future periods.Net income in accordance with GAAP for the third quarter of 2010 was
$4.2 million, or $0.03 per diluted share, compared with net income of
$4.0 million, or $0.03 per diluted share, in the third quarter of 2009.Non-GAAP net income was $8.0 million for the third quarter of 2010, or
$0.05 per diluted share, compared with non-GAAP net income of $5.5
million, or $0.04 per diluted share, for the third quarter of 2009.
Cash flow from operations for the third quarter of 2010 was $14.9
million, a 51% increase over cash flow from operations of $9.9 million
in the third quarter of 2009.
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Google and Yahoo Have Been in Talks to a
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Google and Yahoo have been in talks to a
James Cook
2015-05-27T10:02:41Z
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Google and Yahoo have been in talks to acquire Flipboard. Twitter was recently named as a tech company that could acquire the company, but it turns out that other US companies are interested too.
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The 37 Tech Companies Most Likely to Be Acquired by Private Equity
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Here are the 37 tech companies most likely to be acquired by private-equity firms after valuations plunged, according to bankers and private data
Ben Bergman and
Reed Alexander
2022-07-25T09:00:00Z
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Four CEOs, from left: Avishai Abrahami of Wix, Tien Tzuo of Zuora, Eric Remer of EverCommerce, and Scott Howe of LiveRamp.
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Valuations have fallen so much that "private-equity firms are licking their chops," one VC said.
Dealmaking has been slow, but bankers expect it to pick up in fall as PE firms eye bargains.
Cyndx, a market-research firm, provided Insider with data on the most likely tech LBO targets.
It has been a bruising year for tech companies, with billions in market value erased as stocks plunged by as much as 80%.The market's worst first half for a year in more than 50 years is not bad news for everyone. It presents a once-in-a-generation opportunity for private-equity firms to snap up profitable, fast-growing companies at bargain-basement prices."Private-equity firms are licking their chops," said one venture investor who spoke on condition of anonymity because they were not authorized to speak publicly. "It's staggering how much market caps have come down."Or as Morgan Stanley analysts put it more dryly last month: "The dislocation presents good opportunities to put capital to work once seller expectations adjust and markets stabilize."In April, Thoma Bravo, an active private-equity firm in tech, acquired SailPoint, an enterprise-security-software company, for about $6.9 billion. Last month, Thoma Bravo closed a $10.7 billion deal to buy Anaplan, a business-planning-software company. Zendesk, which offers customer-service software online, was taken private for $10.2 billion by an investor group led by Permira and Hellman & Friedman.As a whole, though, most private-equity investors have been sitting on the sidelines as interest rates rise and board members hold out hope that their stock prices will recover. This year, there have been only 478 buyouts in the US involving a private-equity firm, down from 1,103 in the same period of 2021, according to Dealogic.But bankers do not expect the lull to last as companies and board members come to grips with lower valuations and private-equity dealmakers grow more eager to deploy their $2.5 trillion of cash before markets rebound. Francisco Partners, another leading tech-buyout firm, recently raised more than $16 billion for two new funds."Private-equity firms will want to really engage in the fall," said James McVeigh, a longtime investment banker and the founder and CEO of Cyndx, a market-research firm. "They're doing their screenings now to know who they want target. If they wait and go into next year, the risk is prices move away from them."So which companies are private-equity firms eyeing?Cyndx provided Insider with data on likely targets, based on criteria bankers and buyout firms consider the most important:Dependable revenue. Private-equity firms require a steady cash flow to pay down debt, which excludes many kinds of tech companies that have more volatile income streams. One big exception is software-as-a-service companies that have subscriptions and other long-term contracts with customers who rely on them to run their businesses, even in a recession.A market capitalization between $1 billion and $10 billion. There are some bigger leveraged-buyout deals — like Twitter's, if that ever closes — but the average private-equity deal was $1.1 billion last year, according to Bain & Co.A stock price down more than 30% in 2022. This one is not hard to find, with the Nasdaq down about 20% this year and many SaaS providers down much more than that.Earnings expected next year. If PE firms are preparing to layer on more debt, companies have to generate profits and use that cash to pay off the loans.Here are the 37 contenders, ranked by the lowest enterprise-value-to-EBITDA ratio as of July 14. A company's enterprise value includes its market capitalization, debt, and any cash on the balance sheet. EBITDA is earnings before interest, taxes, depreciation, and amortization, a common measure of profitability. (An EV/EBITDA value below 10 is commonly interpreted as healthy, though tech companies often have much higher ratios because investors are willing to pay more for growth.)LiveRamp Holdings Founded in 1969, LiveRamp is used by companies to better manage and analyze their data. LiveRamp's stock is trading at about one-third of where it was last year, and its market capitalization has fallen below $2 billion. With a strong roster of clients such as Google, Wall Street still sees 21% revenue growth, and the company has the lowest projected EV/EBITDA ratio on our list of just 9.1%, with zero debt and more than $600 million in cash, according to Cyndx data.Alight Solutions Alight Solutions, which offers business-process outsourcing, went public last year, and its stock now trades at a record low, 23% below where it debuted. Revenue growth is estimated at 7.8%, but its balance sheet is enviable, with $326 million in cash on hand against less than $3 million in debt.Chegg Chegg, which rents textbooks to students and provides online tutoring, erased more than four years of stock-market gains and now has a market capitalization of just over $2.3 billion. Chegg's business is relatively recession-proof since students always need textbooks and renting is cheaper than buying. The company carries just about $160 million in debt with $110 million in cash on hand. E2open Parent Holdings E2open is an Austin provider of cloud-based software to manage global supply chains. It's trading at less than half of its 52-week high, giving it a market capitalization of less than $2 billion. The company is expected to generate 10.1% revenue growth and carries just over $100 million in debt with $156 million in cash on its books. MomentiveFormerly known as SurveyMonkey, Momentive offers companies insights on their brand and market trends. Its stock has plunged nearly 60% this year and now trades more than 40% lower than when it debuted in 2018, giving it a market capitalization of $1.3 billion. Still, sales growth is estimated at close to 15%, and the company carries $186 million in debt, with $239 million in cash. Zendesk tried to buy Momentive earlier this year. That deal failed, and Zendesk sold itself instead. ZuoraZuora is a subscription-management solution that has long been the target of takeover speculation, and it's getting cheaper by the day. Since going public in 2018, Zuora stock has plummeted nearly 60%, and its down about 50% this year. Most attractive for buyers: The company is expected to generate 22% revenue growth and has more than twice as much cash on hand as debt.EverCommerceEverCommerce's first year as a public company has been a rough one, with the stock down more than 40% since its debut last July. It has a durable and growing business, providing software-as-a-service solutions to half a million small and medium-size companies. It's carrying more than half a billion dollars in debt, but Wall Street analysts are projecting nearly 17% revenue growth. WixWix, a Squarespace competitor providing services to entrepreneurs and microbusinesses for no-code cloud-based web development, has seen its stock plunge more than 60% this year. Wix has strong retention rates and a revenue growth rate of 16.3%, according to Cyndx data. It has slightly more cash on hand ($1.2 billion) than debt ($923 million). RingCentral RingCentral is similar to Zoom, except it focuses on audio, providing a cloud-based business-phone system that delivers team messages, videoconferences, and phone calls. Both companies have had their shares battered in the past year, with RingCentral's stock down about 80%, giving it a market capitalization of just over $5 billion. Most intriguing for would-be acquirers: Analysts see RingCentral generating revenue growth of close to 24%.VertexVertex, which makes tax-compliance software for businesses, has seen its market capitalization chopped in half since it went public in 2020. Its customer base is sticky — companies have to pay taxes, recession or not — and Vertex's sales growth is expected to exceed 13%.DigitalOceanIn a crowded cloud-infrastructure market dominated by giants like Amazon Web Services and Microsoft Azure, DigitalOcean tries to distinguish itself as a more focused and easier-to-use alternative. Its market capitalization has been cut in half this year, and it now trades below last year's IPO price. Despite spending little on marketing, DigitalOcean brought in $318.4 million in revenue last year and is projected to grow sales over the next year by more than 31%.InformaticaPermira and Canada's government-pension fund took Informatica, an enterprise cloud-data-management platform, private in 2015. The company went public again late last year, and with its stock price nearly cut in half this year, it could be primed to go private yet again. The company brought in $1.44 billion in revenue last year, up 9% from 2020. In the next year, it's forecast to grow sales by 12.8%.CventCvent provides software for event management, marketing, and attendee engagement. It first went public in 2013, raising $135 million. Three years later, it was taken private by Vista Equity Partners for $1.65 billion, and it went public again late last year, this time via a special-purpose acquisition company. Since then, its stock has fallen by more than 40%. Perhaps soon, it will be a private company for a third time.Calix Calix offers cloud-software systems to communications-service providers. It went public via a SPAC last year, in a transaction giving it a $5.3 billion enterprise value, but now has an enterprise value of just $2.4 billion. The company has a strong balance sheet with no debt and $213 million in cash, according to Cyndx data. ExpensifyExpensify makes a popular cloud-software service for employees to track and report expenses. It went public late last year, but the stock has plummeted about 60% since then, and the company now has a market capitalization of just over $1.5 billion. Wall Street sees revenue growth of about 30%, and the Bank of America analyst Koji Ikeda recently upgraded the stock, praising its "lean business model" with just 140 employees, which he said would help the company "pivot quickly from higher rev growth to higher EBITDA margins." EverbridgeEverbridge, which offers applications for personal safety and business continuity, has seen its stock nosedive about 80% in the past year. The company brought in $368.4 million in revenue last year, and that is projected to grow 16.2% in the next year. Meanwhile, its enterprise value stands at just $1.4 billion.Pegasystems Pegasystems, which develops software for customer-relationship management and business-process management, has seen its stock plummet by about 60% in the past year. It has an enterprise value of $4.2 billion, despite the fact it brought in $1.2 billion in revenue last year. Analysts estimate revenue growth of close to 20% in the next year.Bentley SystemsEngineers, architects, and contractors use Bentley's software to design and manage massive infrastructure projects like roadways, bridges, and airports. The stock is down about 40% in the past year despite President Joe Biden signing a massive $1.2 trillion infrastructure bill into law in November. Bentley is expected to generate 10.1% revenue growth.LivePersonAs companies look to cut costs by employing fewer customer-service workers, they could turn to providers like LivePerson to fill the gap. The company develops conversational-commerce and artificial-intelligence software that helps consumers communicate with brands. LivePerson's stock is in dire need of help, down about 75% in the past year, giving it an enterprise value of $1.3 billion. Wall Street forecasts revenue growth of 17.1%.Clearwater AnalyticsInstitutional investors use Clearwater's software for reporting and reconciliation. The company's stock has fallen by about 50% in the past year, but it is expected to grow sales by almost 20% and has $264 million in cash on hand against $54 million in debt.XeroXero provides cloud-based accounting software for small and medium-size businesses. Its stock is down about 40% in the past year, but the company generated $848 million in 2021 revenue, and that is expected to grow by about 20% in the next year. AltairAltair offers software for simulation, high-performance computing, data analytics, and artificial intelligence. The company's stock is down about 25% this year, but it has a strong balance sheet, with almost twice as much cash on hand as debt. It has an enterprise value of $4 billion despite bringing in over half a billion in sales last year. Ceridian Ceridian provides human-resources, payroll, benefits, workforce-management, and talent-management software. Its stock price has been chopped roughly in half this year, giving it an enterprise value of sixfold lower than next year's forecast revenue.Elastic Elastic helps companies quickly store, search, and analyze huge volumes of data in the cloud. Its stock is down nearly 45% in the past year, despite projected revenue growth of 35% and an enviable client roster that includes Netflix, Microsoft, Slack, and Uber. Q2Q2 offers digital-banking and -lending solutions to banks, credit unions, and fintech companies. Its stock has been nearly chopped in half this year, giving it an enterprise value of $2.5 billion. With projected 18.6% revenue growth, the company is trading at just 3.7 times next year's estimated revenue.VaronisVaronis is a cybersecurity platform that allows organizations to track and analyze data. Its stock price has been sliced in half over the past year, but the company has a solid balance sheet, with four times as much cash as debt. And Wall Street sees Varonis producing 22% revenue growth. Five9 Five9 is a provider of cloud-based call-center software that over 2,000 clients use for sales, marketing, and customer service. Its market capitalization is about half of what it was a year ago, but analysts forecast 23.3% revenue growth. EngageSmartEngageSmart, which provides customer-engagement software and integrated-payments solutions, has seen its stock drop about 45% in the past year, giving it an enterprise value of just $2.5 billion. The company has zero debt, with $256 million in cash, and is expected to generate almost 30% revenue growth in the next year.Coupa SoftwareThe stock of Coupa, which provides a cloud platform for business-spend management, has plummeted about 70% in the past year. It's now trading at just 5.1 times next year's estimated revenue.Duck Creek TechnologiesDuck Creek provides back-end software for insurance companies. Since going public in 2020, the stock has erased about 60% of its value. Duck Creek's enterprise value is now just $1.5 billion, less than five times next year's forecast revenue. And it has zero debt, with $365 million in cash. SprinklrSprinklr, which sells customer-experience-management software, went public last year, but its stock has almost been cut in half since then. The company has $531 million in cash, with zero debt, and is trading at less than three times next year's projected earnings.QualtricsA competitor to SurveyMonkey, Qualtrics allows users to easily create surveys and generate reports. Since going public last year, its stock has fallen about 70%. It has $836 million in cash on hand, with zero debt, and is now trading at less than five times next year's estimated revenue.New RelicNew Relic provides cloud-based software to help websites and app owners track performance. The stock is down about 40% this year and now trades at less than three times next year's projected sales.Rapid7A cybersecurity company providing security data and analytics, Rapid7 has seen its stock fall about 40% this year. It has a high debt-to-cash ratio but is expected to grow sales by 22% and trading at about six times its projected revenue. OloOlo has slid about 60% from when it debuted on the New York Stock Exchange last year. The company, which provides digital ordering and delivery programs for restaurants from Sweetgreen to Denny's, is expected to grow revenue nearly 30% in the next year. It is trading at about six times future sales.BlackLineBlackLine develops cloud-based services to automate the financial-close, accounts-receivable, and intercompany accounting processes. Its stock price has been hammered, going down about 40% this year and making it the subject of mergers-and-acquisitions chatter. Wall Street sees 21% revenue growth over the next year.JamfJamf, which provides software for companies to manage Apple devices, is trading about 35% lower than where it debuted on the Nasdaq in 2020. It carries about twice as much debt as cash but is trading at just 6.2 times next year's projected sales.Do you have information about a company that might be taken private? Contact reporter Ben Bergman at [email protected] or securely on Signal at 626-720-7152.
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ZA | M&A | 1 | [
{
"label": "M&A",
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Felix, The Profitable Arm Of Yext, Has Been Acquired By IAC For ~ $30 Million
http://www.businessinsider.com/felix-the-profitable-arm-of-yext-has-been-acquired-by-iac-for--30-million-2012-8/comments
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oh, no problem...He only wants to build a $2.7B company? Looks like, with this sale, that he's well on his way...yeah right! | M&A | 1 | [
{
"label": "M&A",
"score": 1
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] |
Google Has Acquired Directr, a Mobile Vi
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Google has acquired Directr, a mobile vi
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Google has acquired Directr, a mobile video app, for an undisclosed sum. The Directr team will join YouTube's video ads team.
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Yahoo's Making Two Large Acquisitions - Business Insider
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Yahoo's Working On Two Large Acquisitions
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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.
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Social Influence Measurement Site Klout Is About To Be Sold For At Least $100 Million
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Joe Fernandez KloutJoe Fernandez, CEO of KloutKlout, a site that measures your influence on social media, is about to be sold for at least $100 million to Lithium technologies, according to Recode. The deal isn't closed, but papers have been signed, according to the report.
Lithium Technologies makes tools that brands can use to provide customer service on social networks.
The acquisition makes sense. It would be very helpful to brands to know how influential people tweeting about their products and services are. Klout gives social media users a score on a 100-point scale that measures their influence based on a secret algorithm.
Klout denied to comment.
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Social Influence Measurement Site Klout Is About To Be Sold For At Least $100 Million
Social Influence Measurement Site Klout Is About To Be Sold For At Least $100 Million
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