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Google's 16 Biggest Acquisitions So Far, And What Happened To Them - Business Insider Tech BI Intelligence Events Trending Tech Finance Politics Strategy Life Sports Video All × From To You have successfully emailed the post. Google's 16 Biggest Acquisitions So Far, And What Happened To Them Matt Rosoff Aug. 15, 2011, 1:01 PM 160,938 7 facebook linkedin twitter email print Matt Rosoff, Business Insider See Also The best Android apps in the world, according to Google Google and Facebook "third parties" dominate the web The 26 coolest women in UK tech Google's $12.5 billion purchase of Motorola will be its biggest acquisition ever -- more than four times the size of DoubleClick, the previous leader. But over the last decade, Google has been one of the biggest -- and most successful -- acquirers in the tech industry, and owes a lot of its success to these smart buys. Its core search advertising platform and most of its biggest new businesses, including Android, YouTube, and display advertising, all come from other companies. Join us as we count down Google's top 16 acquisitions by value and show what happened to them. View As: One Page Slides More: Features Online Google Big Tech Mergers And Acquisitions facebook linkedin twitter email print Recommended For You Comments Comments on this post are now closed. Insiders 0 All Comments 7 Apply To Be An "Insider" » Loading Google's 16 Biggest Acquisitions So Far, And What Happened To Them Google's 16 Biggest Acquisitions So Far, And What Happened To Them Without acquisitions, Google would be nowhere. Recommended For You Featured These high-tech classes are the coolest thing happening in schools today More "Future Now" » Neil deGrasse Tyson and Al Gore on the future of our planet — and everything else More "Innovators" » Get Tech Emails & Alerts Sign-Up Learn More » Tech Select Tech Chart Of The Day Business Insider Select 10 Things In Tech You Need To Know Mobile Insights BII Mobile Insights More Featured Business Insider Select Tech Select Tech Chart Of The Day Markets Chart Of The Day 10 Things Before the Opening Bell Instant MBA Business Insider Events BI Intelligence Daily Finance Finance Select Markets Select Monday Scouting Report Your Money Select Financial Advisor Insights Smart Investor CFO Insider Finance Insider Wealth Advisor Select Strategy Strategy Select Advertising Select Retail Select Careers Select 10 Things You Need To Know In Advertising Politics Politics Select Military Select Life Life Select Transportation Select Education Select Entertainment Select Breaking News Tech Enterprise Select Science Select Mobile Chart Of The Day E-Commerce Chart Of The Day Payments Chart Of The Day Digital Media Chart Of The Day IoT Chart of the Day Fintech Briefing Charts of the Day Sports Chart Of The Day Top 10 Things 10 Things In Tech You Need To Know Closing Bell Sports Sports Latest Research Our 25 Top Tech Predictions The Payments Ecosystem Report The Fintech Ecosystem Report The Internet of Things Report Read Business Insider On The Go Available for iPhone, iPad, and Android Find A Job Tech Jobs C-Level Jobs Media Jobs Design Jobs Finance Jobs Sales Jobs See All Jobs » Thanks to our partners * Copyright © 2016 Business Insider Inc. All rights reserved. Registration on or use of this site constitutes acceptance of our Terms of Service and Privacy Policy. Disclaimer Commerce Policy Stock quotes by finanzen.net Made in NYC International Editions: UKDEAUSIDINMYSGPLSE

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Is Facebook On The Brink Of Another Major Acquisition? - Business Insider Login   Login Username Password Remember me Forgot username or password? Login with Twitter Login with Facebook Login with LinkedIn Login with Google Register SAI Home Tech SAI Enterprise Science Kim Dotcom Claims To Own The Password Technology That Twitter And Google Use Kim Dotcom Claims To Own The Password Technology That Twitter And Google Use 500 New Cloud Apps Come Online Everyday And This Startup Protects Companies From The Onslaught Why Orange Juice Tastes Horrible After You Brush Your Teeth Finance Clusterstock Your Money PAUL TUDOR JONES: Babies Are The Biggest 'Killer' Of Women's Trading Success PAUL TUDOR JONES: Babies Are The Biggest 'Killer' Of Women's Trading Success Amazon Vs. Costco: Which Is Better For Buying In Bulk? 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Email Zip From To Email Sent! You have successfully emailed the post. Is Facebook On The Brink Of Another Major Acquisition? Jennifer O'Mahony, The Daily Telegraph | Dec. 3, 2012, 7:44 AM | 2,928 | 2 Email More Share on Tumblr Tweet Email Share on Tumblr AP  See Also FACEBOOK IS NOT GOING TO BID FOR TUMBLR: Tumblr Is Yahoo's For The Taking, Say Sources Why Social Media Advertising Is Set To Explode Brands Are Taking Forever To Respond To Customers On Twitter Facebook could bid to acquire WhatsApp, the mobile messaging app, as it aims to extend its mobile reach. The rumoured acquisition, reported by TechCrunch today, comes after CEO Mark Zuckerberg declared last month that the future of his company lay in mobile devices. “The big thing is obviously going to be mobile,” Zuckerberg told BusinessWeek in early October. “There are 5 billion people in the world who have phones.” WhatsApp is an app that allows users to message one another via smartphone over the internet, and aggregates users' contacts from email, chat and social networks. According to WhatsApp developers, their servers handle more than ten billion messages per day, and it has all but replaced text messages for teenagers who resent paying for texts or quickly reach their allotted number on cheap Pay-As-You-Go contracts. The messaging app has users in more than a hundred countries on 750 mobile networks, and its users span operating systems including Apple's iOS, Google's Android, RIM's BlackBerry, Nokia S40, Symbian and Windows Phone platforms. According to TechCrunch, WhatsApp is currently looking for translators in Arabic, Danish, Dutch, Farsi, Filipino, Finnish, French, German, Hebrew, Hindi, Hungarian, Indonesian, Italian, Japanese, Korean, Malay, Norwegian, Polish, Portuguese (Brazil), Russian, Simplified Chinese, Spanish, Swedish, Thai, Traditional Chinese, Turkish, Urdu, “and many more languages.” The Android version of the app has been downloaded more than a hundred million times from Google's Play Store, and is free for the first year of usage. The Apple version from the App store is $0.99 (£0.61). It is thought Mr Zuckerberg was impressed with WhatsApp's ability to raise revenue outside advertising, which has until now been Facebook's main source of income. Recommended For You Please follow SAI on Twitter and Facebook. 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The site was started in 2004 by founder and CEO Mark Zuckerberg when he was an undergraduate student at Harvard. Facebook became a... More » Recent Posts About Facebook Moms Are Power Users Of Social Media On Mobile Eminem Is Suing Facebook For Allegedly Ripping Off His Song In Home 'Airplane' Ad The Social Media Advertising Ecosystem Explained Comments on this post are now closed. The Water Cooler Insiders 1   All Comments 2   Apply To Be An "Insider" » Loading Apply To Be An "Insider" » Is Facebook On The Brink Of Another Major Acquisition? Is Facebook On The Brink Of Another Major Acquisition? Facebook is said to be in talks with popular messaging service WhatsApp. Welcome, ! You are logged into Facebook Social: | Your Activity | These articles have been shared on your timeline. You can remove them here: Options Notify me when a story is shared. Yes No Welcome, ! You are logged in with Google Social: | Your Activity | These articles have been added to your Google activity log. 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Next Insurance Acquires Juniper Labs to Help Improve Its Underwriting Jump to Main content Search Account Menu icon A vertical stack of three evenly spaced horizontal lines. Search icon A magnifying glass. It indicates, "Click to perform a search". Insider logo The word "Insider". 0 Newsletters Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. Log in Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. 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H M S In the news Close icon Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification. Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. HOMEPAGE 0 Newsletters Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. Log in Subscribe Home Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. Finance Next Insurance purchased data analytics firm Juniper Labs in its first-ever acquisition Lea Nonninger 2020-12-11T13:47:03Z Save Article Icon A bookmark Facebook Icon The letter F. Email icon An envelope. It indicates the ability to send an email. Share icon An curved arrow pointing right. Twitter icon A stylized bird with an open mouth, tweeting. Twitter LinkedIn icon The word "in". LinkedIn Fliboard icon A stylized letter F. Flipboard Facebook Icon The letter F. Facebook Email icon An envelope. It indicates the ability to send an email. Email Link icon An image of a chain link. It symobilizes a website link url. Copy Link Read in app Redeem now In its first-ever acquisition, Next Insurance has purchased data analytics firm Juniper Labs. This purchase will help the insurtech improve its underwriting and expand its coverage areas.  Insider Intelligence publishes hundreds of insights, charts, and forecasts on the Fintech industry with the Fintech Briefing. You can learn more about subscribing here. Get a daily newsletter packed with stats about trends affecting your industry. Sign up for Chart of the Day. Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed while you're on the go. download the app Email address By clicking ‘Sign up’, you agree to be contacted by Insider Inc. and receive emails from Insider Intelligence and eMarketer (e.g. FYIs, partner content, webinars, and other offers) and accept our Terms of Service and Privacy Policy. You can opt-out at any time. The US-based small business insurtech has purchased software company Juniper Labs for an undisclosed amount—marking its first acquisition, per a press release.  Next Insurance purchased Juniper Labs to help improve its underwriting. Insider Intelligence Juniper Labs leverages open data and machine learning to help insurtechs, carriers, and brokers more effectively sell and underwrite small business insurance. The acquisition comes months after Next Insurance raised a $250 million funding round, giving it a $2 billion valuation. The insurtech covers small businesses for general and professional liability, commercial auto, and workers' compensation.With the help of Juniper Labs, Next Insurance can improve its existing underwriting process to more accurately assess risk. Juniper Labs provides risk transparency with its services that aim to streamline data collection and automate underwriting for clients.It also uses natural language processing to blend fragmented data sources and unstructured content, resulting in more structured data insights. Together, the two entities will develop enhanced machine learning capabilities and tools to strengthen the omnichannel customer experience. The acquisition will particularly help strengthen and scale Next Insurance's workers' compensation offering, which has seen a near 14-times increase in year-over-year growth since November 2019.Insuring small businesses can be challenging due to the nature of their operations, but with the help of enhanced data capabilities, Next Insurance can further expand its product suite. Accurately identifying small businesses' risks can be hard for insurers due to the lack of information on the segment. As such, only 28% of small businesses have an owner's policy.With expanded access to data from Juniper Labs, Next Insurance can get a better picture of businesses' risks and build new coverage options accordingly. It should first consider cyber insurance, as cyberattacks are becoming an increasingly big problem for small businesses. Cyber insurance has conventionally been difficult to underwrite due to the evolving nature of the industry, including new types of malware and insufficient data points—but Juniper Labs' technology could help Next Insurance close the gap.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 Fintech 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. Sign up for notifications from Insider! Stay up to date with what you want to know. Subscribe to push notifications Read next Insider Intelligence BI Intelligence BI Intelligence Content Marketing More... Close icon Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification. 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Instagram Cofounder Feared Zuckerberg 'Destroy Mode' in Acquisition: Texts Menu icon A vertical stack of three evenly spaced horizontal lines. Search icon A magnifying glass. It indicates, "Click to perform a search". Insider logo The word "Insider". 0 Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. Log in Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. Subscribe Subscribe Business The word Business Life The word Life News The word News Reviews The word Reviews Search icon A magnifying glass. It indicates, "Click to perform a search". Insider logo The word "Insider". Close icon Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification. 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Copy Link AP/Reuters Instagram co-founder Kevin Systrom worried that Mark Zuckerberg would go into "destroy mode" if he didn't sell the company to Facebook, according to records of his text messages.Instagram investor Matt Cohler warned that Zuckerberg would "go harder into destroy mode" if Instagram turned down the acquisition offer.The exchange was published by the House Judiciary Committee as part of its historic antitrust hearing Wednesday where Zuckerberg faced questions over Facebook's purchases of competitors.Regulators didn't challenge the Instagram acquisition at the time, but the deal has since drawn scrutiny from both regulators and politicians who say it constituted anti-competitive behavior.Visit Business Insider's homepage for more stories. 10 Things in Tech: Get the latest tech trends & innovations Loading Something is loading. Email address By clicking ‘Sign up’, you agree to receive marketing emails from Insider as well as other partner offers and accept our Terms of Service and Privacy Policy. Mark Zuckerberg spent Wednesday trying to persuade lawmakers that Facebook's acquisitions and cloning of competitors' products and features haven't amounted to monopolistic behavior, and that it has plenty of competition.But when Zuckerberg first expressed interest in buying Instagram in 2012, cofounder Kevin Systrom didn't appear confident about what would happen if he opted to remain independent."Will [Zuckerberg] go into destroy mode if I say no [to an acquisition deal]?" Systrom asked in a message to Benchmark Capital's Matt Cohler, according to documents published by the House Judiciary Committee as part of its antitrust hearing on Wednesday."Probably," replied Cohler, an early Facebook employee-turned-VC who had invested in Instagram and was on its board of directors. Cohler also warned that Zuckerberg was unlikely to be deterred by the fact that Instagram was keen on raising additional startup funding."He'll go harder into destroy mode," Cohler told Systrom. The names in the text transcript are redacted, but the committee's website identifies the two participants in the conversation as Systrom and Cohler. Text messages between Kevin Systrom [me] and Matt Cohler [name redacted]. House Judiciary Committee "Mark doesn't react emotionally, he reacts based on competition"Systrom and Cohler went on to strategize around how to best respond to Zuckerberg's probe, weighing options like downplaying Instagram's strength and saying the product wouldn't be a good fit or able to succeed within Facebook. But two things they seemed to agree on: Zuckerberg was most worried about Instagram getting bought up by Twitter, and they were worried about Zuckerberg trying to crush Instagram if they refused to sell."If i make the 'leave instagram alone for Facebook's sake' argument, [Zuckerberg] will conclude that it's best to crush instagram," Cohler said, implying that they wouldn't be able to fend off Facebook just by floating the possibility of selling to Twitter. Erin Scott/Reuters Ultimately, Systrom and Cohler concluded during the text exchange that Instagram needed to keep raising money and they needed to convince Zuckerberg that they weren't a threat to Facebook."Mark doesn't react emotionally, he reacts based on competition," Systrom said, "that's why i think signaling no competition is good." "Bottom line I don't think we'll ever escape the wrath of mark," he added. "It just depends how long we avoid it." Text messages between Kevin Systrom [me] and Matt Cohler [name redacted]. House Judiciary Committee Facebook eventually got its way just two months after the exchange, buying Instagram for $1 billion in April 2012. The price tag seemed massive at the time, but Instagram reportedly brought in $20 billion in revenue for Facebook last year alone and has the second-most number of monthly users in the US, according to eMarketer.Facebook's acquisition of Instagram has since come under scrutiny from regulators and politicians who argue it amounted to anti-competitive practices. Zuckerberg faced multiple questions on the topic Wednesday, and argued that Facebook still faces lots of competition."The most popular messaging service in the US is iMessage," Zuckerberg told lawmakers. "The fastest-growing app is TikTok. The most popular app for video is YouTube. The fastest growing ads platform is Amazon. The largest ads platform is Google. And for every dollar spent on advertising in the US, less than 10 cents is spent with us." Still, the committee obtained large numbers of documents from Facebook and others companies as part of its antitrust investigation, including emails where Zuckerberg said he viewed Instagram as a significant threat to Facebook's business before acquiring it. Sign up for notifications from Insider! Stay up to date with what you want to know. Subscribe to push notifications Deal icon An icon in the shape of a lightning bolt. For you NOW WATCH: Having a set morning routine can help jump-start your day. Here's how 9 billionaires start their mornings. More: Mark Zuckerberg Facebook Instagram Instagram acquisition Kevin Systrom Twitter Antitrust m&a Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. Deal icon An icon in the shape of a lightning bolt. For you Close icon Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification. Follow us on: * Copyright © 2021 Insider Inc. 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What Happened to the Google-Twitch Acquisition - Business Insider Tech BI Intelligence Events Trending Tech Finance Politics Strategy Life Sports Video All × From To You have successfully emailed the post. Why The Google And Twitch $1 Billion Acquisition Talks Blew up Alyson Shontell Aug. 26, 2014, 10:05 AM 6,438 9 facebook linkedin twitter email print Crunchbase/Web.archive.comCrunchBase even showed Google as Twitch's acquirer.Google and Yahoo both offered to buy Twitch before Amazon made the winning $970 million all-cash offer. But both of their talks blew up for "different reasons," a source tells Business Insider, declining to elaborate on what those reasons were.  The Google deal sounded like a sure thing. News sites were so confident the deal was happening, TechCrunch's startup database CrunchBase had Google listed as the acquirer of the video game live-streaming platform from May until about an hour after the Amazon acquisition was confirmed. (The listing has since been updated.) Why did the Google acquisition fall through? Antitrust issues most likely got in the way, according to Forbes' Ryan Mac. Google already owns YouTube, which competes with Twitch to broadcast live video game sessions, Mac noted. Federal antitrust law often stops mergers that consolidate too much of one industry with a single company.  Google was unable to close the deal, said sources familiar with the talks, because it was concerned about potential antitrust issues that could have come with the acquisition ... One source noted that because of the concerns, Google and Twitch could not come to an agreement on the size of a potential breakup fee in case the deal did not go through. Twitch is Amazon's largest acquisition to date. Before Twitch, the largest was online shoe shop Zappos, which Amazon acquired for $850 million in 2009. SEE ALSO: Here's Why Amazon Just Paid Nearly $1 Billion For A Site Where You Watch People Play Video Games More: Google Twitch Acquisition facebook linkedin twitter email print Recommended For You Comments Comments on this post are now closed. Insiders 0 All Comments 9 Apply To Be An "Insider" » Loading Why The Google And Twitch $1 Billion Acquisition Talks Blew up Why The Google And Twitch $1 Billion Acquisition Talks Blew up Google and Yahoo both offered to buy Twitch... Recommended For You Featured Neil deGrasse Tyson and Al Gore on the future of our planet — and everything else More "Innovators" » My husband and I are business partners who just had our first child — here's how we make it work More "What Matters" » Get Tech Emails & Alerts Sign-Up Learn More » Tech Select Tech Chart Of The Day Business Insider Select 10 Things In Tech You Need To Know Mobile Insights BII Mobile Insights More Featured Business Insider Select Tech Select Tech Chart Of The Day Markets Chart Of The Day 10 Things Before the Opening Bell Instant MBA Business Insider Events BI Intelligence Daily Finance Finance Select Markets Select Monday Scouting Report Your Money Select Financial Advisor Insights Smart Investor CFO Insider Finance Insider Wealth Advisor Select Strategy Strategy Select Advertising Select Retail Select Careers Select 10 Things You Need To Know In Advertising Politics Politics Select Military Select Life Life Select Transportation Select Education Select Entertainment Select Breaking News Tech Enterprise Select Science Select Mobile Chart Of The Day E-Commerce Chart Of The Day Payments Chart Of The Day Digital Media Chart Of The Day IoT Chart of the Day Fintech Briefing Charts of the Day Sports Chart Of The Day Top 10 Things 10 Things In Tech You Need To Know Closing Bell Sports Sports Latest Research Our 25 Top Tech Predictions The Payments Ecosystem Report The Fintech Ecosystem Report The Internet of Things Report Read Business Insider On The Go Available for iPhone, iPad, and Android Find A Job Tech Jobs C-Level Jobs Media Jobs Design Jobs Finance Jobs Sales Jobs See All Jobs » Thanks to our partners * Copyright © 2016 Business Insider Inc. All rights reserved. Registration on or use of this site constitutes acceptance of our Terms of Service and Privacy Policy. Disclaimer Commerce Policy Stock quotes by finanzen.net Made in NYC International Editions: UKDEAUSIDINMYSG

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Warren Buffett On Acquisitions - Business Insider Markets BI Intelligence Events Trending Tech Finance Politics Strategy Life Sports Video All × From To You have successfully emailed the post. WARREN BUFFETT: The 'Mother Lode' Of Investing Opportunities Is Right Here In America Sam Ro Mar. 1, 2014, 8:31 AM 16,957 4 facebook linkedin twitter email print YouTube/The Secret World of GoldIn his just-released annual letter to Berkshire Hathaway shareholders, Warren Buffett updates us on his merger and acquisition activity. "While Charlie and I search for elephants, our many subsidiaries are regularly making bolt-on acquisitions," he said. "Last year, we contracted for 25 of these, scheduled to cost $3.1 billion in aggregate. These transactions ranged from $1.9 million to $1.1 billion in size." There are obviously big opportunities to buy companies around the world. Many look to emerging markets like China where growth is hot. But Buffett has his eyes domestic. "Our subsidiaries spent a record $11 billion on plant and equipment during 2013, roughly twice our depreciation charge," he said. "About 89% of that money was spent in the United States. Though we invest abroad as well, the mother lode of opportunity resides in America." SEE ALSO: Warren Buffett Reveals A 6th Rule For Investing More: Warren Buffett Berkshire Hathaway facebook linkedin twitter email print Recommended For You Comments Comments on this post are now closed. Insiders 1 All Comments 4 Apply To Be An "Insider" » Loading WARREN BUFFETT: The 'Mother Lode' Of Investing Opportunities Is Right Here In America WARREN BUFFETT: The 'Mother Lode' Of Investing Opportunities Is Right Here In America In his just-released annual letter to Berkshire... Recommended For You Featured Neil deGrasse Tyson and Al Gore on the future of our planet — and everything else More "Innovators" » My husband and I are business partners who just had our first child — here's how we make it work More "What Matters" » Get Markets Emails & Alerts Sign-Up Learn More » Markets Select 10 Things Before the Opening Bell Markets Chart Of The Day Business Insider Select Monday Scouting Report More Featured Business Insider Select Tech Select Tech Chart Of The Day Markets Chart Of The Day 10 Things Before the Opening Bell Instant MBA Business Insider Events BI Intelligence Daily Finance Finance Select Markets Select Monday Scouting Report Your Money Select Financial Advisor Insights Smart Investor CFO Insider Finance Insider Wealth Advisor Select Strategy Strategy Select Advertising Select Retail Select Careers Select 10 Things You Need To Know In Advertising Politics Politics Select Military Select Life Life Select Transportation Select Education Select Entertainment Select Breaking News Tech Enterprise Select Science Select Mobile Chart Of The Day E-Commerce Chart Of The Day Payments Chart Of The Day Digital Media Chart Of The Day IoT Chart of the Day Fintech Briefing Charts of the Day Sports Chart Of The Day Top 10 Things 10 Things In Tech You Need To Know Closing Bell Sports Sports Latest Research Our 25 Top Tech Predictions The Payments Ecosystem Report The Fintech Ecosystem Report The Internet of Things Report Read Business Insider On The Go Available for iPhone, iPad, and Android Find A Job Tech Jobs C-Level Jobs Media Jobs Design Jobs Finance Jobs Sales Jobs See All Jobs » Thanks to our partners * Copyright © 2016 Business Insider Inc. All rights reserved. Registration on or use of this site constitutes acceptance of our Terms of Service and Privacy Policy. Disclaimer Commerce Policy Stock quotes by finanzen.net Made in NYC International Editions: UKDEAUSIDINMYSG

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Google DeepMind Sets up Healthcare Team, Acquires Hark and Builds New App Menu icon A vertical stack of three evenly spaced horizontal lines. Search icon A magnifying glass. It indicates, "Click to perform a search". Insider logo The word "Insider". 0 Newsletters Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. Log in Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. 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H M S In the news Close icon Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification. Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. HOMEPAGE 0 Newsletters Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. Log in Subscribe Subscribe Home Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. Tech Google's London AI powerhouse has set up a new healthcare division and acquired a medical app called Hark Sam Shead 2016-02-25T10:24:42Z Save Article Icon A bookmark Facebook Icon The letter F. Email icon An envelope. It indicates the ability to send an email. Share icon An curved arrow pointing right. Twitter icon A stylized bird with an open mouth, tweeting. Twitter LinkedIn icon The word "in". LinkedIn Fliboard icon A stylized letter F. Flipboard Link icon An image of a chain link. It symobilizes a website link url. Copy Link Download the app Google DeepMind Google DeepMind, the search giant's artificial intelligence company in London, has officially announced its first big push into medical technology.The research-intensive startup launched a new division called DeepMind Health and acquired a university spinout company with a healthcare app called Hark. It has also built an app with the NHS called "Streams."DeepMind Health, announced on the DeepMind website on Wednesday, will be led by Mustafa Suleyman, cofounder and head of applied AI at Google DeepMind. He will oversee a team of approximately 15 people, according to Bloomberg, aiming to develop digital tools that improve patient care.So far, DeepMind has built a series of generic self-learning algorithms that can outperform humans on arcade games like "Space Invaders" and "Pong." In March 2016, DeepMind is pitting its AlphaGo algorithm against the world champion of Chinese board game Go, which has been notoriously difficult for computers to master until recently.But now the company, which employs over 150 people in King's Cross, is making its first foray into more serious areas beyond arcade games. Suleyman said in a statement:We’ve learned from doctors and nurses that patient safety comes down to detecting and communicating problems quickly and efficiently. That’s a technology challenge.We’ve managed to make progress much faster than many people thought possible. We’ve created an awesome alliance of the UK’s best clinicians, best academics, and best technologists to transform the way NHS technology is developed.It’s super early. But if we get this right, we can help doctors and nurses spend more time providing care, and less time juggling to-do lists. Google Hark — acquired by DeepMind for an undisclosed sum — is a clinical task management smartphone app that was created by Imperial College London academics Professor Ara Darzi and Dr Dominic King.Lord Darzi, director of the Institute of Global Health Innovation at Imperial College London, said in a statement: "It is incredibly exciting to have DeepMind – the world’s most exciting technology company and a true UK success story – working directly with NHS staff. The types of clinician-led technology collaborations that Mustafa Suleyman and DeepMind Health are supporting show enormous promise for patient care."Streams The Streams mobile app was built by DeepMind and the NHS. Google DeepMind DeepMind's own app, "Streams," allows clinicians to instantly review results and trend analyses on mobile and — where necessary — accelerate care for deteriorating patients.Consultant nephrologist and associate medical director for patient safety at the Royal Free Hospital London, Dr Chris Laing, who helped design the app and oversaw two initial pilots at the Royal Free, said: "Using Streams meant I was able to review blood test results for patients at risk of AKI within seconds of it becoming available. This system of direct alerts and the ability to prioritise patients was just not possible previously. By using Streams, I intervened earlier and was able to improve the care of over half the patients Streams identified in our pilot studies." He added: "The speed at which the team from DeepMind Health have stepped up to the challenge has been really exciting, and shows the enormous potential for these kinds of collaborations." Sign up for notifications from Insider! Stay up to date with what you want to know. Subscribe to push notifications Read the original article on Business Insider UK. Copyright 2016. Follow Business Insider UK on Twitter. Deal icon An icon in the shape of a lightning bolt. Keep reading Newsletter Get the latest tech news & scoops — delivered daily to your inbox. Loading Something is loading. Email address By clicking ‘Sign up’, you agree to receive marketing emails from Insider as well as other partner offers and accept our Terms of Service and Privacy Policy. NOW WATCH: 1-800 Contacts has been upending the healthcare industry for 25 years — CEO John Graham shares where he sees opportunities for further disruption More: Google DeepMind AI Healthcare Close icon Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification. Recommended Video Follow us on: * Copyright © 2022 Insider Inc. All rights reserved. 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Goldman Sachs Is Acquiring Fintech GreenSky for $2.24 Billion Menu icon A vertical stack of three evenly spaced horizontal lines. Search icon A magnifying glass. It indicates, "Click to perform a search". Insider logo The word "Insider". 0 Newsletters Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. Log in Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. 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It indicates a way to close an interaction, or dismiss a notification. Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. HOMEPAGE 0 Newsletters Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. Log in Subscribe Home Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. Finance Goldman's GreenSky deal will help Marcus bulk up in consumer lending Tom Auchterlonie 2021-09-16T14:51:00Z Save Article Icon A bookmark Facebook Icon The letter F. Email icon An envelope. It indicates the ability to send an email. Share icon An curved arrow pointing right. Twitter icon A stylized bird with an open mouth, tweeting. Twitter LinkedIn icon The word "in". LinkedIn Fliboard icon A stylized letter F. Flipboard Facebook Icon The letter F. Facebook Email icon An envelope. It indicates the ability to send an email. Email Link icon An image of a chain link. It symobilizes a website link url. Copy Link Download the app Redeem now Goldman Sachs is acquiring home-improvement and healthcare loan platform GreenSky. The plan is to pair up the fintech with Goldman's Marcus direct bank division. Insider Intelligence publishes hundreds of research reports, charts, and forecasts on the Banking industry. Learn more about becoming a client. Get a daily newsletter packed with financial services data, insights, and analysis from the Insider Intelligence team. Sign up for the II Daily. Loading Something is loading. Email address By clicking ‘Sign up’, you agree to be contacted by Insider Inc. and receive emails from Insider Intelligence and eMarketer (e.g. FYIs, partner content, webinars, and other offers) and accept our Terms of Service and Privacy Policy. You can opt-out at any time. Goldman Sachs is acquiring fintech GreenSky, which acts as a platform for home-improvement and healthcare loans to consumers, in a deal worth about $2.24 billion. The banking giant expects its deal to wrap up in Q4 2021 or Q1 2022, bringing GreenSky's merchant network of over 10,000 into the fold. Insider Intelligence Goldman plans to pair up the fintech with its Marcus direct bank division—Chairman and CEO David Solomon said that the bank will use GreenSky's platform to promote Marcus to consumers and merchants.GreenSky makes loans available at the point of sale and lets consumers take out loans that have deferred interest for a promotional window—it's usually six to 18 months—which is waived if they repay their entire principal balances within the period.Goldman is the latest big US incumbent to plan on—or at least consider—broadening its consumer-lending scope. Recent examples over the past week include:Capital One: CEO Richard Fairbank revealed that the bank will run a point-of-sale buy now, pay later (BNPL) test with a group of merchants it has existing relationships with.JPMorgan Chase: Marianne Lake, who is co-CEO of the bank's consumer- and community-banking unit, said that Chase is thinking about jumping into the BNPL space and that it has a good shot due to its lending experience. Chase already offers a credit-card product that's similar to BNPL.Goldman can use the fintech to strengthen Marcus' product lineup by building out lending to complement its savings and investing offerings—something the bank is already touting in its announcement of the deal.The bank's lending buildout, plus a planned move into checking, mark the latest signs of its consumer-banking push. GreenSky's focus on home-improvement and healthcare loans, plus Goldman's forthcoming BNPL product in partnership with Apple, will give the banking giant roles in consumer lending for both small- and big-ticket purchases.Goldman can also use both lending businesses to gain experience for supporting its MarcusPay personal-lending product or to delve into further partnerships.Want to read more stories like this one? Here's how you can gain access:Join other Insider Intelligence clients who receive 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. Loading Something is loading. Unlock this article from Insider Intelligence! 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IFC acquires the rights to Lindsay Lohan http://www.businessinsider.com/ifc-acquires-rights-to-the-canyons-2013-2/comments en-us Sat, 28 Nov 2015 12:29:40 -0500 Sat, 28 Nov 2015 12:29:40 -0500 Kirsten Acuna http://static3.businessinsider.com/assets/images/bilogo-250x36-wide-rev.png Business Insider http://www.businessinsider.com

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Google has acquired Incentive Targeting, - Business Insider Tech BI Intelligence Events Trending Tech Finance Politics Strategy Life Sports Video All × From To You have successfully emailed the post. Nov. 28, 2012, 1:41 PM JY 14 facebook linkedin twitter email print Google has acquired Incentive Targeting, a couponing company. -- JY facebook linkedin twitter email print Recommended For You Comments Comments on this post are now closed. Insiders 0 All Comments 0 Apply To Be An "Insider" » Loading Google has acquired Incentive Targeting, Google has acquired Incentive Targeting, Google has acquired Incentive Targeting, a... Recommended For You Featured These high-tech classes are the coolest thing happening in schools today More "Future Now" » Neil deGrasse Tyson and Al Gore on the future of our planet — and everything else More "Innovators" » Get Tech Emails & Alerts Sign-Up Learn More » Tech Select Tech Chart Of The Day Business Insider Select 10 Things In Tech You Need To Know Mobile Insights BII Mobile Insights More Featured Business Insider Select Tech Select Tech Chart Of The Day Markets Chart Of The Day 10 Things Before the Opening Bell Instant MBA Business Insider Events BI Intelligence Daily Finance Finance Select Markets Select Monday Scouting Report Your Money Select Financial Advisor Insights Smart Investor CFO Insider Finance Insider Wealth Advisor Select Strategy Strategy Select Advertising Select Retail Select Careers Select 10 Things You Need To Know In Advertising Politics Politics Select Military Select Life Life Select Transportation Select Education Select Entertainment Select Breaking News Tech Enterprise Select Science Select Mobile Chart Of The Day E-Commerce Chart Of The Day Payments Chart Of The Day Digital Media Chart Of The Day IoT Chart of the Day Fintech Briefing Charts of the Day Sports Chart Of The Day Top 10 Things 10 Things In Tech You Need To Know Closing Bell Sports Sports Latest Research Our 25 Top Tech Predictions The Payments Ecosystem Report The Fintech Ecosystem Report The Internet of Things Report Read Business Insider On The Go Available for iPhone, iPad, and Android Find A Job Tech Jobs C-Level Jobs Media Jobs Design Jobs Finance Jobs Sales Jobs See All Jobs » Thanks to our partners * Copyright © 2016 Business Insider Inc. All rights reserved. Registration on or use of this site constitutes acceptance of our Terms of Service and Privacy Policy. Disclaimer Commerce Policy Made in NYC Stock quotes by finanzen.net International Editions: UKDEAUSIDINMYSGPLSE

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Family Dollar Acquisition Impact - Business Insider Retail BI Intelligence Events Trending Tech Finance Politics Strategy Life Sports Video All × From To You have successfully emailed the post. Dollar Tree Buying Family Dollar Could Be Bad News For Coca-Cola And Clorox Ashley Lutz Jul. 28, 2014, 4:09 PM 31,009 3 facebook linkedin twitter email print Associated Press Dollar Tree announced today that it is buying Family Dollar.  Together, the dollar stores will be bigger than current industry leader Dollar General.  But the merger could "exert pressures on major food, household goods, and drink suppliers, including Pepsi, Hershey, and Clorox," Brian Sozzi, chief equities strategist at Belus Capital Advisors, writes in an op-ed for CNBC.  Proctor & Gamble, Coca-Cola, and Unilever could also be affected, he says.  The acquisition means the chain has 13,000 stores, putting Dollar Tree in a great position to negotiate with suppliers on price, Sozzi writes.  That could have a domino effect on the industry. If Dollar Tree offers even lower prices, then Wal-Mart will become even more aggressive. Wal-Mart is already more expensive than dollar stores, Sterne Agee analysts wrote earlier this year. Sales at the retailer have fallen for the past five quarters.  "Wal-Mart has conceded the 'price leader' crown to Family Dollar," the analysts said.  Dollar chains have also stepped up their grocery offerings in recent years, making them an even bigger threat to Wal-Mart.  If Wal-Mart decides to become more aggressive on price, then that could cut into profits for big consumer companies who supply the mega-chain. SEE ALSO: 3 Reasons Dollar Stores Are A Huge Threat To Supermarkets Follow Us: On Twitter. More: Retail Dollar Store Dollar Tree facebook linkedin twitter email print Recommended For You Comments Comments on this post are now closed. Insiders 0 All Comments 3 Apply To Be An "Insider" » Loading Dollar Tree Buying Family Dollar Could Be Bad News For Coca-Cola And Clorox Dollar Tree Buying Family Dollar Could Be Bad News For Coca-Cola And Clorox Dollar Tree announced today that it is buying... Recommended For You Featured These high-tech classes are the coolest thing happening in schools today More "Future Now" » Neil deGrasse Tyson and Al Gore on the future of our planet — and everything else More "Innovators" » Get Retail Emails & Alerts Sign-Up Learn More » Retail Select More Featured Business Insider Select Tech Select Tech Chart Of The Day Markets Chart Of The Day 10 Things Before the Opening Bell Instant MBA Business Insider Events BI Intelligence Daily Finance Finance Select Markets Select Monday Scouting Report Your Money Select Financial Advisor Insights Smart Investor CFO Insider Finance Insider Wealth Advisor Select Strategy Strategy Select Advertising Select Retail Select Careers Select 10 Things You Need To Know In Advertising Politics Politics Select Military Select Life Life Select Transportation Select Education Select Entertainment Select Breaking News Tech Enterprise Select Science Select Mobile Chart Of The Day E-Commerce Chart Of The Day Payments Chart Of The Day Digital Media Chart Of The Day IoT Chart of the Day Fintech Briefing Charts of the Day Sports Chart Of The Day Top 10 Things 10 Things In Tech You Need To Know Closing Bell Sports Sports Latest Research Our 25 Top Tech Predictions The Payments Ecosystem Report The Fintech Ecosystem Report The Internet of Things Report Read Business Insider On The Go Available for iPhone, iPad, and Android Find A Job Tech Jobs C-Level Jobs Media Jobs Design Jobs Finance Jobs Sales Jobs See All Jobs » Thanks to our partners * Copyright © 2016 Business Insider Inc. All rights reserved. Registration on or use of this site constitutes acceptance of our Terms of Service and Privacy Policy. Disclaimer Commerce Policy Made in NYC Stock quotes by finanzen.net International Editions: UKDEAUSIDINMYSGPLSE

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Inside Story Of Yahoo Acquisition Ptch - Business Insider Tech BI Intelligence Events Trending Tech Finance Politics Strategy Life Sports Video All Continue to Business Insider » You will be redirected in seconds. × From To You have successfully emailed the post. The Sad Story Behind Yahoo's Latest Startup Acquisition: Ptch Julie Bort Dec. 6, 2013, 2:34 PM 35,999 20 facebook linkedin twitter email print Business Insider/Julie Bort screenshotYahoo CEO Marissa Mayer See Also Zynga CEO Mark Pincus defends Marissa Mayer THE $10 BILLION CLUB: Meet the 11 most valuable startups in the world Find out how today's hottest marketing and advertising execs are shaping their industries at IGNITION 2015 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. More: Yahoo Marissa Mayer Startup facebook linkedin twitter email print Recommended For You Comments Comments on this post are now closed. Insiders 0 All Comments 20 Apply To Be An "Insider" » Loading The Sad Story Behind Yahoo's Latest Startup Acquisition: Ptch The Sad Story Behind Yahoo's Latest Startup Acquisition: Ptch On Wednesday we reported that Yahoo acquired a... 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Grading Google's Acquisitions - Business Insider Tech BI Intelligence Events Trending Tech Finance Politics Strategy Life Sports Video All × From To You have successfully emailed the post. Grading Google's Acquisitions Jay Yarow Oct. 23, 2009, 7:55 AM 169,099 19 facebook linkedin twitter email print Eric Schmidt keeps saying it: Google is back in buying mode. The company will be doing "one-a-month acquisitions largely in lieu of hiring." But before Google (GOOG) spends some of its massive pile of cash, maybe it's time for a history lesson. Google's grades and marks → To date, Google's made around 50 purchases. We've graded 13 of them here. Some have been pretty smart -- for examples, look at DoubleClick or Applied Semantics. Others have been silly like Adscape or Jaiku. Looking through the list, it's easy to figure out what Google needs to avoid when it makes decisions about acquisitions: side projects that aren't relevant to its business. If Google can't resist buying one of those companies -- and with Google, it feels inevitable that it can't -- then it needs to figure out how to let the founders build their company within Google. In two instances--Dodgeball and Jaiku--Google bought companies that could have become Twitter. Neither one is still alive. Schmidt says most of Google's coming acquisitions will be small companies. That's good. Our review shows Google is good at is acqui-hiring smart people and plugging them into one of Google's growing products like video, or mobile. Here's Google's grades and marks → image: Flickr/Joi View As: One Page Slides » More: Online Features Google Big Tech Mergers And Acquisitions YouTube facebook linkedin twitter email print Recommended For You Comments Comments on this post are now closed. Insiders 0 All Comments 19 Apply To Be An "Insider" » Loading Grading Google's Acquisitions Grading Google's Acquisitions Google is back in buying mode. Here's a report card on its acquisitions to date. Recommended For You Featured These high-tech classes are the coolest thing happening in schools today More "Future Now" » Neil deGrasse Tyson and Al Gore on the future of our planet — and everything else More "Innovators" » Get Tech Emails & Alerts Sign-Up Learn More » Tech Select Tech Chart Of The Day Business Insider Select 10 Things In Tech You Need To Know Mobile Insights BII Mobile Insights More Featured Business Insider Select Tech Select Tech Chart Of The Day Markets Chart Of The Day 10 Things Before the Opening Bell Instant MBA Business Insider Events BI Intelligence Daily Finance Finance Select Markets Select Monday Scouting Report Your Money Select Financial Advisor Insights Smart Investor CFO Insider Finance Insider Wealth Advisor Select Strategy Strategy Select Advertising Select Retail Select Careers Select 10 Things You Need To Know In Advertising Politics Politics Select Military Select Life Life Select Transportation Select Education Select Entertainment Select Breaking News Tech Enterprise Select Science Select Mobile Chart Of The Day E-Commerce Chart Of The Day Payments Chart Of The Day Digital Media Chart Of The Day IoT Chart of the Day Fintech Briefing Charts of the Day Sports Chart Of The Day Top 10 Things 10 Things In Tech You Need To Know Closing Bell Sports Sports Latest Research Our 25 Top Tech Predictions The Payments Ecosystem Report The Fintech Ecosystem Report The Internet of Things Report Read Business Insider On The Go Available for iPhone, iPad, and Android Find A Job Tech Jobs C-Level Jobs Media Jobs Design Jobs Finance Jobs Sales Jobs See All Jobs » Thanks to our partners * Copyright © 2016 Business Insider Inc. All rights reserved. Registration on or use of this site constitutes acceptance of our Terms of Service and Privacy Policy. Disclaimer Commerce Policy Made in NYC Stock quotes by finanzen.net International Editions: UKDEAUSIDINMYSGPLSE

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The Most Important Offseason Acquisition For The San Francisco Giants Could Be Hadoop - Business Insider Tech BI Intelligence Events Trending Tech Finance Politics Strategy Life Sports Video All Continue to Business Insider » You will be redirected in seconds. × From To You have successfully emailed the post. The Most Important Offseason Acquisition For The San Francisco Giants Could Be Hadoop Lightspeed Venture Partners Nov. 17, 2012, 12:49 PM 36 facebook linkedin twitter email print Lightspeed Venture Partners Lightspeed Venture Partners is a leading global venture capital firm that manages over $2 billion of capital commitments. Recent Posts Snapchat and Poke and culture The Mobile Enterprise in 2013: Getting Down to Business Four ways to boost your app’s rating Baseball, more so than other sports, is known for its massive data collection, complex statistics and informed managerial decisions. So it should be no surprise that, just as corporate enterprises are going through a big data revolution, so will baseball. While the technology that enables big data is quite technical and designed to operate behind the scenes, the direct impact of big data on the average consumer will be quite visible over time.  Hadoop, with its ability to manage massive data sets, is about to change the game of baseball. Check out my latest post on TechCrunch for a look at how the sport has evolved from simple data collection to the “Big Data Era of Baseball”  and what the means for the future http://techcrunch.com/2012/11/16/baseball-and-big-data-how-hadoop-and-the-san-francisco-giants-are-taking-on-stats/ I’d love to hear your thoughts in the comments.   Follow me on Twitter at @barrryeggers or @lightspeedvp   Read more posts on Lightspeed Venture Partners Blog » More from Lightspeed Venture Partners: Data Beats Math –Why Apple’s Maps Failure is a Big Data Problem The Future of Data Storage Startup lessons from Ben Silbermann, Founder and CEO of Pinterest How Nutanix is Disrupting the Market for Datacenter Infrastructure and Storage People still can’t do math – and what it means for pricing facebook linkedin twitter email print Recommended For You Comments Comments on this post are now closed. Insiders 0 All Comments 0 Apply To Be An "Insider" » Loading The Most Important Offseason Acquisition For The San Francisco Giants Could Be Hadoop The Most Important Offseason Acquisition For The San Francisco Giants Could Be Hadoop Baseball, more so than other sports, is known for its massive data collection, complex statistics... Recommended For You Featured How data is saving the retail industry More "Digital Business Decoded" » 3 types of insurance that can protect your family for years to come More "World 2.0" » Get Tech Emails & Alerts Sign-Up Learn More » Tech Select Tech Chart Of The Day Business Insider Select 10 Things In Tech You Need To Know Mobile Insights BII Mobile Insights More Featured Business Insider Select Tech Select Tech Chart Of The Day Markets Chart Of The Day 10 Things Before the Opening Bell Instant MBA Business Insider Events BI Intelligence Daily Finance Finance Select Markets Select Monday Scouting Report Your Money Select Financial Advisor Insights Smart Investor CFO Insider Prime Finance Strategy Strategy Select Advertising Select Retail Select Careers Select null Politics Politics Select Military Select Life Life Select Transportation Select Education Select Entertainment Select null Tech Enterprise Select Science Select Mobile Chart Of The Day E-Commerce Chart Of The Day Payments Chart Of The Day Digital Media Chart Of The Day IoT Chart of the Day Charts of the Day Sports Chart Of The Day Top 10 Things 10 Things In Tech You Need To Know Closing Bell Sports Sports Latest Deals The Thanksgiving Store Countdown to Black Friday - Deals of the Week The Trendsetter Gift Guide Holiday Central Latest Research FREE: Mobile Payments - Everything You Need to Know The Messaging App Report The Internet of Things 2015 Report The Digital Disruption of Retail Banking Read Business Insider On The Go Available for iPhone, iPad, and Android Find A Job Tech Jobs C-Level Jobs Media Jobs Design Jobs Finance Jobs Sales Jobs See All Jobs » Thanks to our partners * Copyright © 2015 Business Insider Inc. All rights reserved. Registration on or use of this site constitutes acceptance of our Terms of Service and Privacy Policy. Disclaimer Commerce Policy Powered by MongoDB Stock quotes by finanzen.net Made in NYC International Editions: UKDEAUSIDINMYSG

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Google Acquisitions Jump to Main content Search Account Menu icon A vertical stack of three evenly spaced horizontal lines. Search icon A magnifying glass. It indicates, "Click to perform a search". Insider logo The word "Insider". 0 Newsletters Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. Log in Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. 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It indicates the ability to send an email. Email Link icon An image of a chain link. It symobilizes a website link url. Copy Link Download the app Google just made a big, bold acquisition, scarfing up red-hot home-automation gadget company Nest for $3.2 billion. Nest was founded by the guy who designed Apple's iPod. Nest products look like Apple products. Nest products are beloved by people who love Apple products. Nest products are sold in Apple stores.Nest, in short, looked like a perfect acquisition for Apple, which is struggling to find new product lines to expand into and has a mountain of cash rotting away on its balance sheet with which it could buy things.But Apple didn't buy Nest.Google did. And this appears to continue a pattern in which — in the bitter head-to-head battle between Apple and Google — Google is fixing its weaknesses (hardware) much faster than Apple is fixing its own weaknesses (software and services).At first glance, in other words, it appears that Google's aggressiveness has once again caught Apple snoozing. And now a company that looked to be a perfect future division of Apple is gone for good.Nest, of course, isn't the only company that Google has snapped up lately.Kim Bhasin of the Huffington Post just tweeted this list of "things Google has bought lately," which is from Wikipedia. As you can see, over the past year, Google has bought no fewer than 21 companies. In addition to home automation products, Google has bought and is now developing and/or selling, among other things... 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Sunrun CFO: 3 Key Reasons Behind $3.2 Billion Vivint Solar Acquisition Menu icon A vertical stack of three evenly spaced horizontal lines. Search icon A magnifying glass. It indicates, "Click to perform a search". Insider logo The word "Insider". 0 Newsletters Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. Log in Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. 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H M S In the news Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. HOMEPAGE 0 Newsletters Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. Log in Subscribe Premium Home Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. Finance Sunrun is set to inherit almost 200,000 new customers overnight. Its CFO tells us how the solar giant plans to turn them into profit. Benji Jones 2020-07-20T19:20:00Z Save Article Icon A bookmark Facebook Icon The letter F. Email icon An envelope. It indicates the ability to send an email. Share icon An curved arrow pointing right. Twitter icon A stylized bird with an open mouth, tweeting. Twitter LinkedIn icon The word "in". LinkedIn Fliboard icon A stylized letter F. Flipboard Facebook Icon The letter F. Facebook Email icon An envelope. It indicates the ability to send an email. Email Link icon An image of a chain link. It symobilizes a website link url. Copy Link Read in app Sunrun plans to acquire rival Vivint Solar. Sunrun This story is available exclusively to Insider subscribers. Become an Insider and start reading now. Leading rooftop solar company, Sunrun, announced earlier this month that it plans to buy rival Vivint Solar in an all-stock deal valued at $3.2 billion. The merger would provide three key benefits to Sunrun, the company's CFO told Business Insider, including the opportunity to upsell batteries to a chunk of Vivint's 200,000 or so customers. It will also give Sunrun more brand recognition, which he says is important in a field with more than 5,000 companies. For more stories like this, sign up here for our weekly energy newsletter, Power Line.Sunrun, the nation's largest rooftop solar company, drew global attention when it announced it would buy rival Vivint Solar in an all-stock deal valued at $3.2 billion.Set to close before year's end, the deal — negotiated, at least in part, virtually — would represent the largest consolidation in the history of the residential solar industry, Austin Perea, a senior research analyst at the consulting firm Wood Mackenzie (Wood Mac), said in a note following the announcement.  Both firms sell solar panels that go on your roof, in addition to batteries from LG Chem and Tesla. They also operate in many of the same geographies including California, home to the country's largest solar market.But it's what sets the companies apart that makes the deal prudent, said Tom vonReichbauer, the CFO of Sunrun, in an interview with Business Insider.Click here to subscribe to Power Line, Business Insider's weekly energy newsletter.Vivint specializes in direct-to-home sales, for example, while Sunrun has focused its marketing efforts on digital sales, partnerships, and deploying sales teams within big-box stores like Costco and Home Depot.Headquartered in San Francisco, Sunrun has also been more aggressive in upselling batteries, with more than 60% of customers choosing to add them to their solar systems in some regions in April. Absorbing Vivint's 200,000 or so customers is an opportunity to sell more batteries, which have been a strong business line, vonReichbauer said. Together, the companies have a combined enterprise value of $9 billion, according to an investor presentation, and half a million customers. Do you have a tip about Sunrun or Vivint Solar? Reach out to this reporter at [email protected].  Vivint Solar technicians install solar panels on the roof of a house in Mission Viejo, California Reuters Complementary sales strategies"The approaches on go-to-market were very distinct," said vonReichbauer, and that was a key consideration in the acquisition. vonReichbauer said he wouldn't comment on how the deal came together ahead of a regulatory filing that'll provide more information on the negotiations.Vivint is known for a sales strategy that involves marketing directly to homeowners through door-to-door sales. Combined with Sunrun's approach, the newly merged firm would be able to reach a larger number of customers, vonReichbauer said. "An omnichannel approach makes a lot of sense here," said vonReichbauer, who started at Sunrun just three months ago.But Wood Mac's Perea questions the value of Vivint's strategy, especially given that the coronavirus pandemic has put door-to-door sales on pause in much of the country. "The industry has been moving away from door-to-door sales for years, in part due to the high cost of this sales channel," he said in the note. "While Vivint has been successful in that space to-date, it's counterintuitive to envision door-to-door sales as a long-term growth engine, especially as customer education continues to improve and installers — including Vivint — have increasingly moved to digital sales platforms and away from door-to-door sales during the coronavirus pandemic." Read more: Coronavirus forced Sunrun to sell solar panels online. The CEO shared one number that reveals why that approach is here to stay.But vonReichbauer brushed off that concern, mentioning that there's still a need for a consultative element that digital sales alone might not be able to provide.  Tesla Batteries: 'A big opportunity'Sales strategy aside, Sunrun will instantly inherit a massive new customer base to which it can sell more batteries.Among residential solar providers, Sunrun is a leader in battery sales, with attachment rates approaching 20% across all geographies, according to an investor presentation in May. Meanwhile, the percent of Vivint's 200,000 or so customers who have batteries is in the single digits, Wood Mac said. "We're seeing a much higher adoption today, especially during the COVID period," David Bywater, Vivint's CEO, said of batteries. "We think there's a tremendous opportunity not only on our prospective customers but on our entire customer base. This is all upside."  Sunrun's CFO, Tom vonReichbauer Sunrun Batteries are "positive on the margins," vonReichbauer said, and so the potential to retrofit systems with batteries among existing Vivint customers presents "a big opportunity." Grid services — namely, batteries — increases the net present value per customer by about $2,000, or 30%, he said. Those profits don't just come from the direct sale of batteries, but from certain utilities that pay Sunrun to supply energy to the grid from batteries distributed among customers when demand is high.Sunrun recently announced a partnership with Southern California Edison, for example, to launch a so-called virtual power plant. It operates in a similar way to natural gas peaker-plants, which kick in when energy demand peaks.A good deal for brand recognitionResidential solar is a fragmented industry with more than 5,000 companies in the US alone, vonReichbauer said. Heading into the deal, Sunrun, the industry's top company, controlled just 9% of the market, while Vivint was right behind with 7-8%, according to Wood Mac. That's one of the key reasons behind the acquisition, vonReichbauer said. Sunrun wants more brand recognition, like its existing competitor Tesla, to stand out among the ocean of rooftop solar providers. Assuming the deal closes, the company will have 15% or more of the market, Wood Mac said. "That can help us attract customers in a new way," vonReichbauer said. "It's good for the overall sales funnel."  Sign up for notifications from Insider! Stay up to date with what you want to know. Subscribe to push notifications Read next Was this article valuable for you? Yes No Additional comments Email (optional) Receive a selection of our best stories daily based on your reading preferences. Submit NOW WATCH: Alarming videos from hospitals around the world show what doctors are facing as they treat coronavirus patients Sunrun Vivint Solar More... Read next Follow us on: * Copyright © 2023 Insider Inc. All rights reserved. Registration on or use of this site constitutes acceptance of our Terms of Service ,  Privacy Policy and Cookies Policy . Contact Us Sitemap Disclaimer Accessibility Commerce Policy Advertising Policies CA Privacy Rights Coupons Made in NYC Jobs @ Insider Stock quotes by finanzen.net Reprints & Permissions International Editions: United States US International INTL Asia AS Deutschland & Österreich AT Deutschland DE España ES India IN Japan JP México MX Netherlands NL Polska PL South Africa ZA

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Vlocity Acquisition Will Help Salesforce Chase Industry-Specific Sales Menu icon A vertical stack of three evenly spaced horizontal lines. Search icon A magnifying glass. It indicates, "Click to perform a search". Insider logo The word "Insider". 0 Newsletters Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. Log in Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. 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H M S In the news Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. HOMEPAGE 0 Newsletters Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. Log in Subscribe Subscribe Premium Home Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. Enterprise Salesforce CEO Marc Benioff says that its $1 billion acquisition of startup Vlocity will help it pursue a sales strategy championed by outgoing co-CEO Keith Block Paayal Zaveri 2020-02-26T21:43:35Z Save Article Icon A bookmark Facebook Icon The letter F. Email icon An envelope. It indicates the ability to send an email. Share icon An curved arrow pointing right. Twitter icon A stylized bird with an open mouth, tweeting. Twitter LinkedIn icon The word "in". LinkedIn Fliboard icon A stylized letter F. Flipboard Link icon An image of a chain link. It symobilizes a website link url. Copy Link Download the app Elijah Nouvelage/Reuters This story is available exclusively to Insider subscribers. Become an Insider and start reading now. On Tuesday, Salesforce said it had acquired Vlocity, a startup that makes cloud and mobile software tailored to specific industries, for $1.33 billion.The news came the same day it announced co-CEO Keith Block was leaving the company.The acquisition of Vlocity will help Salesforce continue a sales strategy that focused on selling to specific industries, like finance, healthcare, and government — a strategy that Block first spearheaded.On a call with analysts after the earnings, Benioff said that Block inspired Salesforce to focus more heavily on vertical industries, and that the acquisition of Vlocity will help grow that effort. Benioff said that Salesforce wasn't looking to do another big acquisition so soon after Tableau, which it acquired for $15.3 billion last year, but the opportunity to bring Vlocity on board was too good to pass up.Click here for more BI Prime stories.During its fourth quarter earnings announcement on Tuesday, Salesforce said it had acquired Vlocity, a startup that makes cloud and mobile software tailored to specific industries, for $1.33 billion.The acquisition speaks to a strategy championed by now-former Salesforce co-CEO Keith Block — who stepped down from his co-CEO role in a surprise announcement on Tuesday —during his time at the cloud software giant. Block had just taken on the co-CEO role a year and a half ago in 2018.Block is seen as an a leader in enterprise software sales and analysts say he had a big role in shaping what the company is today — including developing this strategy of targeting specific industries. Under Block's watch, Salesforce went from about $4 billion in annual revenue when he first joined in 2013, to doing about the same in a quarter now.On a call with analysts after the earnings, Marc Benioff, founder and now sole CEO of Salesforce, credited Block with the strategy."I couldn't be more excited about amplifying the vertical strategy with them," Benioff said of Vlocity. "And I'm sure we'll have many more things that we'll be ready to announce that have honestly been inspired by Keith's tremendous vision and passion towards taking our incredible platform but delivering it by industry and also, as Keith said so well, in the language of our customers."  A vertical sales strategyVlocity makes cloud software for specific industries, like insurance, healthcare, and the public sector, on top of Salesforce's platform.  Salesforce currently has specific versions of its products financial services industry , healthcare, government, and philanthropy. The Financial Services Cloud and Health Cloud were both launched under Block's guidance. On the call with analysts, Block highlighted the growth in those areas and new customers Salesforce has signed on as a result."Approximately 3 years ago, we launched some incredible innovation with Financial Services Cloud as well as our Health Cloud and we had some amazing wins in the quarter associated with both of those," Block said. Benioff noted that the success of this industry-specific strategy was a result of Block's leadership and initiative in the space. He also noted that the experience Vlocity has in talking to customers in these industries will be a huge asset to Salesforce. Industries like financial services, healthcare and government, often have more rules and regulations they have to comply with, so the software they use has to be able to meet those needs.Benioff said he had worked with many of the executives running Vlocity for decades, including its CEO and founder David Schmaier. "Many of these executives we have worked with and worked together with for maybe 30 years or more. We know them extremely well...I'm especially excited that David Schmaier is coming into Salesforce. He's one of the finest executives who I've worked with," Benioff said. This acquisition comes after its $15.3 billion acquisition of Tableau, which just closed in Q3 of last year. It was also the company's largest acquisition ever, and the two have just started to integrate their products. Benioff said that Salesforce wasn't looking to do another big acquisition so soon after Tableau, but the opportunity to bring Vlocity on board was too good to pass up. He did say that the company is not going to be focusing on making any major acquisitions in the short term, instead putting focus on growing the business and hitting the goals its set, like doubling revenue by 2024 to $35 billion."We don't anticipate any major acquisitions in the short term," Benioff said.A significant acquisition as Keith Block departsAnalysts say that the Vlocity acquisition is significant because it gives Salesforce a ton of extra expertise in this industry-specific sales stategy, especially amid Block's departure.Rob Oliver, an analyst at Baird said that the Vlocity acquisition gives reassurance that Salesforce will continue going after specific industries, even though Block is leaving the company. He added that Salesforce has acquired "one of the best vertical plays on the Salesforce platform."Rebecca Wetteman, an analyst at Valoir, said the acquisition while significant, is not surprising, given that Vlocity is built on the Salesforce platform and that the two companies have worked together for years."The Vlocity acquisition is significant in giving Salesforce tons of vertical CRM IP and industry chops, but not surprising -  Salesforce has made a habit of acquiring companies from within its ecosystem where it's already done its due diligence. It's a lot easier to know what you're marrying if you've already dated exclusively," Wetteman said.Arjun Bhatia, an analyst at William Blair said while Salesforce had a strong vertical strategy by itself, Vlocity has more out-of-the-box tools, which Salesforce would otherwise have to develop on its own. "While Salesforce also has solutions that address these verticals, we get the sense that Vlocity offers more out of the box vertical workflows compared with Salesforce, which might require more custom development. Ultimately, we are positive on Salesforce's continued commitment to a vertical strategy, especially as the company looks to get more leverage on the sales and marketing line," Bhatia wrote in a research note published Wednesday.Got a tip? Contact this reporter via email at [email protected] or Signal at 925-364-4258. (PR pitches by email only, please.) You can also contact Business Insider securely via SecureDrop. Sign up for notifications from Insider! Stay up to date with what you want to know. Subscribe to push notifications Deal icon An icon in the shape of a lightning bolt. Keep reading Was this article valuable for you? Yes No Additional comments Email (optional) Receive a selection of our best stories daily based on your reading preferences. Submit NOW WATCH: More: Salesforce Keith Block Marc Benioff Vlocity Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. Deal icon An icon in the shape of a lightning bolt. For you Follow us on: * Copyright © 2022 Insider Inc. All rights reserved. Registration on or use of this site constitutes acceptance of our Terms of Service ,  Privacy Policy and Cookies Policy . 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Why Facebook Acquired Parse - For App Acquisitions - Business Insider Tech BI Intelligence Events Trending Tech Finance Politics Strategy Life Sports Video All × From To You have successfully emailed the post. × This Guy Thinks A Little-Noticed Facebook Acquisition Gives It A Head Start On Finding The Next Instagram Jim Edwards Sep. 6, 2013, 10:06 AM 14,794 1 facebook linkedin twitter email print Stevie GrahamStevie Graham / TwitterBack in April, Facebook made a small acquisition that few outside app developer circles paid much attention to. It bought Parse, a cloud company that hosts backend services for app developers. The deal was reportedly worth $85 million — peanuts for Facebook. But Stevie Graham, a "hacker at large," thinks the acquisition gives Facebook a huge advantage in terms of figuring out who the next Instagram or Snapchat is — allowing it to swoop in and acquire it before it becomes worth billions. (Graham is currently working on a payments app called PayWithZap, but he has a longer resume as a software developer and engineer for companies like HSBC and Twilio.) Parse hosts mobile apps' backend resources, like analytics. So Parse can see which apps are growing like wildfire, and which are dying on the vine. Here's how Graham sees that playing out: Another use I can see for Parse data is giving Facebook the jump on fast growing apps they can acquire before anyone else even knows what has happened. Facebook will know the metrics of any app using Parse, so when they see they have the next Instagram on their hands they can swoop in early and get it for a knockdown price before breakfast. If Facebook could acquire the next Instagram for half off by being early to the party, the Parse acquisition will have paid for itself many times over. This is genius, diabolical genius but genius nonetheless. Apps currently hosted by Parse include Food Network, Hipmunk, iBart, Anypic, and Travel Channel. There are 100,000 apps using Parse, Graham says. You can get a taste of Parse's analytics here, so you can see how much rich data the Parse cloud is throwing off about app use. If you want a slightly deeper dive, this Parse blog post describes how the service now offers apps' info on the current rate of API requests for their apps. API requests occur when another app or web site wants to link to another app, for instance when Instagram uses Foursquare to figure out the location of where a photo was taken and append it to the Instagram post. You can see that even a brief glimpse of topline trend data about app activity within Parse would instantly give you guidance as to which apps are heavily used, and which are niche players at best. Interestingly, Graham's theory suggests that if you want to be acquired by Facebook, you should host your backend on Parse rather than a competing platform. We asked Facebook for comment, and we'll update this post when we hear back. Disclosure: The author owns Facebook stock. More: Mobile Facebook facebook linkedin twitter email print × Recommended For You Powered by Sailthru Comments Comments on this post are now closed. Insiders 0 All Comments 1 Apply To Be An "Insider" » Loading This Guy Thinks A Little-Noticed Facebook Acquisition Gives It A Head Start On Finding The Next Instagram This Guy Thinks A Little-Noticed Facebook Acquisition Gives It A Head Start On Finding The Next Instagram A sneak first look at 100,000 apps? 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Groupon acquires CommerceInterface, a co http://www.businessinsider.com/groupon-acquires-commerceinterface-a-co-2012-12/comments en-us Sat, 28 May 2016 04:12:14 -0400 Sat, 28 May 2016 04:12:14 -0400 Steve Kovach http://static3.businessinsider.com/assets/images/bilogo-250x36-wide-rev.png Business Insider http://www.businessinsider.com

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AOL Posts Healthy Earnings And Announces Huge Acquisition http://www.businessinsider.com/aol-beats-wall-street-expectations-and-announces-huge-acquisition-2013-8/comments en-us Wed, 31 Dec 1969 19:00:00 -0500 Fri, 06 May 2016 21:31:49 -0400 Nicholas Carlson http://www.businessinsider.com/c/520245f3eab8ea4b7c00001e Hater Ade Wed, 07 Aug 2013 09:04:51 -0400 http://www.businessinsider.com/c/520245f3eab8ea4b7c00001e Cue up the Armstrong Bashers.....

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Salesforce Is Acquiring Slack. Here's How It Paid Executives in 2019 Menu icon A vertical stack of three evenly spaced horizontal lines. Search icon A magnifying glass. It indicates, "Click to perform a search". Insider logo The word "Insider". 0 Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. Log in Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. Subscribe Subscribe Business The word Business Life The word Life News The word News Reviews The word Reviews Search icon A magnifying glass. It indicates, "Click to perform a search". Insider logo The word "Insider". Close icon Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification. 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It often indicates a user profile. Log in Subscribe Subscribe Newsletters World globe An icon of the world globe, indicating different international options." US Edition US INTL Asia Deutschland & Österreich Australia España India Japan México Netherlands Polska South Africa Get the Insider App Click here to learn more A leading-edge research firm focused on digital transformation. See our Research Facebook Icon The letter F. Twitter icon A stylized bird with an open mouth, tweeting. LinkedIn icon The word "in". YouTube icon A play button in the shape of a television screen. Instagram icon A stylized camera. * Copyright © 2022. All rights reserved. Registration on or use of this site constitutes acceptance of our Terms of Service ,  Privacy Policy and Cookies Policy. Sitemap Disclaimer Accessibility Commerce Policy CA Privacy Rights Coupons Made in NYC Jobs Stock quotes by finanzen.net Reprints & Permissions Insider logo The word "Insider". Close icon Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification. Good Subscriber Account active since Shortcuts Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. Profile Newsletters FAQs Subscription Log out US Markets Loading... H M S In the news Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. HOMEPAGE Subscribe Subscribe Premium Home Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. Tech Salesforce is acquiring business messaging firm Slack for $27.7 billion. Here's how executive pay at the $219 billion software giant compares to its acquisition target. Maddy Simpson 2020-12-01T21:24:34Z Facebook Icon The letter F. Email icon An envelope. It indicates the ability to send an email. Twitter icon A stylized bird with an open mouth, tweeting. Twitter LinkedIn icon The word "in". LinkedIn Fliboard icon A stylized letter F. Flipboard Link icon An image of a chain link. It symobilizes a website link url. Copy Link Chairman and Co-CEO of Salesforce Marc Benioff attends a session at the 50th World Economic Forum (WEF) annual meeting in Davos, Switzerland, January 21, 2020. REUTERS/Denis Balibouse This story is available exclusively to Insider subscribers. Become an Insider and start reading now. Salesforce is acquiring business messaging firm Slack for $27.7 billion, Salesforce's biggest deal ever. There is a huge gap between executive pay at Salesforce and at Slack — executives at Salesforce are paid more than four times what executives at Slack are paid.  While Salesforce's 2019 compensation included large amounts of option awards, Slack's compensation included large amounts of straight equity awards.  Visit Business Insider's homepage for more stories. Salesforce is buying workplace messaging firm Slack for $27.7 billion, the firm's largest acquisition ever. The deal combines Salesforce, a firm built around customer management software, with Slack 's expertise in messaging platform services at a time when virtual collaboration has become more important than ever.Though the two firms will soon be one, Slack and Salesforce are very different companies, and their executives are compensated differently. Let's dig into what each firm pays its leaders. Salesforce executives are paid more than four times what Slack executives are paid, on averageSalesforce has been a software giant for years — the company was founded 21 years ago, and has made a few notable acquisitions over the years. The firm acquired data visualization platform Tableau and software firm Mulesoft in 2019 and 2018, respectively. The $219 billion software firm paid its top executives an average of $15.7 million in 2019, ranging from $12 million to $26 million.This is more than four times more than what Slack executives made on average. In 2019, executives at the $24 billion dollar messaging firm were paid an average of just under $4 million, ranging from $3.4 million to $4.2 million. In the chart below, we show compensation for executives at Salesforce and Slack as disclosed in each firm's most recent proxy statement, split out by element. Hold your cursor over the labels at the top to highlight the different parts of the executives' compensation, and reference the bulleted list below for more information on each compensation element. From the chart, you can see that Salesforce granted large option awards to their executives, while Slack's executive compensation included large stock awards. It's worth noting that, while the SEC requires public companies to report executive compensation for its CEO, CFO and three otherwise highest paid individuals, there are some exceptions to the rule. Slack, for example, is an "emerging growth company," as defined by the Jumpstart Our Business Startups Act of 2012, meaning that it had "total annual gross revenues of less than $1 billion during its most recently completed fiscal year," according to the definition provided by the SEC. Emerging growth companies are subject to reduced reporting requirements. This is why Slack only reports compensation for three executives. What the terms in the table mean:Salary: The salary an executive earns in a given year. Stock awards/option awards: Equity awards based on achievement within a firm's long-term incentive plan. Long-term incentives are also considered "at-risk" pay. Stock and option awards are two different types of equity awards — stocks are direct equity awards, while options give the executive the right to buy shares at a specific price.Bonus/NEIP: Typically cash grants for performance in the short term. Bonuses are typically one-off awards, while anything in the column titled "non-equity incentive plan" typically means the awards are granted as part of a firm's short-term incentive plan and granted in cash (hence the "non-equity" label). Short-term incentives are thought of as part of "at-risk" pay, meaning that the executive must hit goals or benchmarks to receive the award.Other compensation: This number includes any value from the compensation data related to pension plans or nonqualified deferred-compensation earnings. It also includes any payments designated as "other compensation," which can include payment for things like personal or home security, employees' benefits plans, country-club fees, fees related to use of company aircraft, and even relocation expenses.  Sign up for notifications from Insider! Stay up to date with what you want to know. Subscribe to push notifications Was this article valuable for you? Yes No Additional comments Email (optional) Receive a selection of our best stories daily based on your reading preferences. Submit Deal icon An icon in the shape of a lightning bolt. 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Vostu Acquires MP Game Studio - Business Insider Tech BI Intelligence Events Trending Tech Finance Politics Strategy Life Sports Video All × From To You have successfully emailed the post. Vostu, The Biggest Facebook Game Maker In Brazil, Acquires MP Game Studio Alyson Shontell Sep. 7, 2011, 9:55 AM 1,186 1 facebook linkedin twitter email print Daniel Kafie is the CEO of Vostu. See Also A startup that just raised $25 million is like a college newspaper on steroids — and it’s racking up 30 million uniques a month Here's the complete list of all the Xbox 360 games you can play on Xbox One Classpass users are freaking out over new price hikes that make it more expensive than Equinox Brazil-based gaming company Vostu has acquired MP Game Studio for an undisclosed amount. MP Game Studio is a social game developer, not a platform, so this is not a user acquisition deal.  MP Game Studios has developed more than 25 games and its employees will relocate to Vostu's Buenos Aires headquarters. Vostu will release the first game from the acquisition over the next few weeks. Vostu currently has 550 employees and 42 million registered users. It raised $50 million from Accel Partners and Tiger Global.   More: Vostu Startups Gaming Joshua Kushner facebook linkedin twitter email print Recommended For You Comments Comments on this post are now closed. Insiders 0 All Comments 1 Apply To Be An "Insider" » Loading Vostu, The Biggest Facebook Game Maker In Brazil, Acquires MP Game Studio Vostu, The Biggest Facebook Game Maker In Brazil, Acquires MP Game Studio The game maker will be fully integrated into Vostu's Buenos Aires headquarters. Recommended For You Featured Neil deGrasse Tyson and Al Gore on the future of our planet — and everything else More "Innovators" » My husband and I are business partners who just had our first child — here's how we make it work More "What Matters" » Get Tech Emails & Alerts Sign-Up Learn More » Tech Select Tech Chart Of The Day Business Insider Select 10 Things In Tech You Need To Know Mobile Insights BII Mobile Insights More Featured Business Insider Select Tech Select Tech Chart Of The Day Markets Chart Of The Day 10 Things Before the Opening Bell Instant MBA Business Insider Events BI Intelligence Daily Finance Finance Select Markets Select Monday Scouting Report Your Money Select Financial Advisor Insights Smart Investor CFO Insider Finance Insider Wealth Advisor Select Strategy Strategy Select Advertising Select Retail Select Careers Select 10 Things You Need To Know In Advertising Politics Politics Select Military Select Life Life Select Transportation Select Education Select Entertainment Select Breaking News Tech Enterprise Select Science Select Mobile Chart Of The Day E-Commerce Chart Of The Day Payments Chart Of The Day Digital Media Chart Of The Day IoT Chart of the Day Fintech Briefing Charts of the Day Sports Chart Of The Day Top 10 Things 10 Things In Tech You Need To Know Closing Bell Sports Sports Latest Research Our 25 Top Tech Predictions The Payments Ecosystem Report The Fintech Ecosystem Report The Internet of Things Report Read Business Insider On The Go Available for iPhone, iPad, and Android Find A Job Tech Jobs C-Level Jobs Media Jobs Design Jobs Finance Jobs Sales Jobs See All Jobs » Thanks to our partners * Copyright © 2016 Business Insider Inc. All rights reserved. Registration on or use of this site constitutes acceptance of our Terms of Service and Privacy Policy. Disclaimer Commerce Policy Stock quotes by finanzen.net Made in NYC International Editions: UKDEAUSIDINMYSG

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Facebook In Talks To Acquire Drone Company Titan Aerospace for Internet.org - Business Insider Tech BI Intelligence Events Trending Tech Finance Politics Strategy Life Sports Video All × From To You have successfully emailed the post. Facebook Wants To Spend $60 Million On Drones So It Can Beam The Internet To People In Poorer Countries Alyson Shontell Mar. 4, 2014, 7:53 AM 4,465 2 facebook linkedin twitter email print YouTubeFacebook is reportedly in talks to buy a drone-making company Titan Aerospace for ~ $60 million, TechCrunch reports. If acquired, Facebook could use the drones to bring Internet access to parts of the world that still need it. The desire to give everyone web access is part of Mark Zuckerberg's Internet.org initiative.  "The company would start by building 11,000 of these unmanned aerial vehicles (UAVs), specifically the “Solara 60″ model," TechCrunch's Sarah Perez and Josh Constine write. "The Solara 50 and 60 models can be launched at night using power from internal battery packs, then when the sun rises, they can store enough energy to ascend to 20KM above sea level where they can remain for five years without needing to land or refuel." Titan Aerospace is a New Mexico startup founded by Max Yaney and led by CEO Vern Raburn. Here's how some of Titan Aerospace's drones work: Get THE DRONES REPORT now! Commercial drones are already a reality. BI Intelligence takes an in-depth look at the most important aspects, including market forecasts for commercial applications, regulatory process, and the leading players. Get the Report Here » More: Facebook Drones Google facebook linkedin twitter email print Recommended For You Comments Comments on this post are now closed. Insiders 0 All Comments 2 Apply To Be An "Insider" » Loading Facebook Wants To Spend $60 Million On Drones So It Can Beam The Internet To People In Poorer Countries Facebook Wants To Spend $60 Million On Drones So It Can Beam The Internet To People In Poorer Countries Facebook is reportedly in talks to buy a... Recommended For You Featured These high-tech classes are the coolest thing happening in schools today More "Future Now" » Neil deGrasse Tyson and Al Gore on the future of our planet — and everything else More "Innovators" » Get Tech Emails & Alerts Sign-Up Learn More » Tech Select Tech Chart Of The Day Business Insider Select 10 Things In Tech You Need To Know Mobile Insights BII Mobile Insights More Featured Business Insider Select Tech Select Tech Chart Of The Day Markets Chart Of The Day 10 Things Before the Opening Bell Instant MBA Business Insider Events BI Intelligence Daily Finance Finance Select Markets Select Monday Scouting Report Your Money Select Financial Advisor Insights Smart Investor CFO Insider Finance Insider Wealth Advisor Select Strategy Strategy Select Advertising Select Retail Select Careers Select 10 Things You Need To Know In Advertising Politics Politics Select Military Select Life Life Select Transportation Select Education Select Entertainment Select Breaking News Tech Enterprise Select Science Select Mobile Chart Of The Day E-Commerce Chart Of The Day Payments Chart Of The Day Digital Media Chart Of The Day IoT Chart of the Day Fintech Briefing Charts of the Day Sports Chart Of The Day Top 10 Things 10 Things In Tech You Need To Know Closing Bell Sports Sports Latest Research Our 25 Top Tech Predictions The Payments Ecosystem Report The Fintech Ecosystem Report The Internet of Things Report Read Business Insider On The Go Available for iPhone, iPad, and Android Find A Job Tech Jobs C-Level Jobs Media Jobs Design Jobs Finance Jobs Sales Jobs See All Jobs » Thanks to our partners * Copyright © 2016 Business Insider Inc. All rights reserved. Registration on or use of this site constitutes acceptance of our Terms of Service and Privacy Policy. Disclaimer Commerce Policy Made in NYC Stock quotes by finanzen.net International Editions: UKDEAUSIDINMYSGPLSE

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Avis To Acquire Zipcar - Business Insider Markets BI Intelligence Events Trending Tech Finance Politics Strategy Life Sports Video All × From To You have successfully emailed the post. Zipcar Is Getting Acquired By Avis Sam Ro Jan. 2, 2013, 6:22 AM 12,294 3 facebook linkedin twitter email print "> Andrew Currie via FlickrZipcar, the popular car sharing service, is getting acquired by Avis Budget Group. Avis has agreed to purchase the company for $12.25 per share, which is a monster 49 percent premium over Monday's closing price of $8.24. Here's the statement from Avis: PARSIPPANY, N.J. and CAMBRIDGE, Mass., Jan. 2, 2013 (GLOBE NEWSWIRE) -- Avis Budget Group, Inc. (Nasdaq:CAR) and Zipcar, Inc. (Nasdaq:ZIP), the world's leading car sharing network, today announced that Avis Budget Group has agreed to acquire Zipcar for $12.25 per share in cash, a 49% premium over the closing price on December 31, 2012, representing a total transaction value of approximately $500 million. The transaction is subject to approval by Zipcar shareholders and other customary closing conditions, and is expected to be completed in the spring of 2013. The Boards of Directors of both companies unanimously approved the transaction, and Zipcar shareholders representing approximately 32% of the outstanding common stock have agreed to vote their shares in support of the transaction. Car sharing has grown to be a nearly $400 million business in the United States and is expanding rapidly in major cities around the world. Zipcar has led this industry, leading in innovation and world-class service. Zipcar now has more than 760,000 members, known as Zipsters, with a market-leading presence in 20 major metropolitan areas in the United States, Canada and Europe, and fleet positioned at over 300 college and university campuses. Zipcar has combined leading-edge technology, an outstanding customer experience, and clear brand messaging to develop strong loyalty and advocacy among its customers. "By combining with Zipcar, we will significantly increase our growth potential, both in the United States and internationally, and will position our Company to better serve a greater variety of consumer and commercial transportation needs," said Ronald L. Nelson, Avis Budget Group chairman and chief executive officer. "We see car sharing as highly complementary to traditional car rental, with rapid growth potential and representing a scalable opportunity for us as a combined company. We expect to apply Avis Budget's experience and efficiencies of fleet management with Zipcar's proven, customer-friendly technology to accelerate the growth of the Zipcar brand and to provide more options for Zipsters in more places. We also expect to leverage Zipcar's technology to expand mobility solutions under the Avis and Budget brands." Avis Budget expects to generate $50 to $70 million in annual synergies as a result of the transaction. In particular, Avis Budget expects significant cost reductions across the fleet life cycle (from procurement to operations and maintenance to disposition, as well as financing), in addition to savings from eliminating Zipcar's public-company costs. Avis Budget also plans to achieve substantial cost savings by increasing fleet utilization across the two companies. Significant revenue growth opportunities exist, including by leveraging Avis Budget's fleet to meet more of Zipsters' weekend demand, which is currently constrained by fleet availability. These synergies, combined with the expected growth and rising profitability of Zipcar, are expected to make the transaction accretive to Avis Budget's earnings per share in the second year following the acquisition, excluding certain items and purchase-accounting effects. "We are delighted to announce our intention to join the Avis Budget Group family of companies, and we believe this combination is a win across the board for our members, shareholders and employees.  We will be well positioned to accelerate enhancements to the Zipcar member experience with more offers and additional services as well as an expanded network of locations," said Scott Griffith, chairman and chief executive officer of Zipcar. "As the leading global provider of car sharing services, with a brand that is synonymous with the category, we remain committed to the values and vision that have driven us forward for many years, grounded by our passion for delivering a superior experience to every member for every trip, every day.  By combining Zipcar's expertise in on-demand mobility with Avis Budget Group's expertise in global fleet operations and vast global network, we will be able to accelerate the revolution we began in personal mobility." "Avis Budget's existing infrastructure, scale and experience with managing multiple brands make us uniquely positioned to accelerate the growth and profitability of Zipcar," Mr. Nelson added. "At the same time, we are committed to retaining the elements of the Zipcar brand and culture that have allowed Zipcar to achieve such rapid growth and success over the last twelve years." Following the acquisition, Zipcar will operate as a subsidiary of Avis Budget Group and will continue with its planned move to new headquarters in Boston, Massachusetts. Avis Budget anticipates that key members of the Zipcar management team, including Mr. Griffith and Mark Norman, president and chief operating officer, will continue to set the overall direction and run day-to-day operations of Zipcar. Avis Budget Group expects to fund the purchase price primarily with incremental corporate debt borrowings, as well as available cash. As of September 30, 2012, Avis Budget Group had cash and marketable securities of approximately $554 million, and Zipcar had cash and marketable securities of approximately $82 million, or approximately $2 per Zipcar share. Citigroup is acting as financial advisor, and Kirkland & Ellis LLP is acting as legal counsel, to Avis Budget Group. Morgan Stanley is acting as financial advisor, and Latham & Watkins LLP is acting as legal counsel, to Zipcar. Separately, Avis Budget Group today reiterated its previous estimates of its full-year 2012 results. Avis Budget continues to expect that its full-year 2012 revenue will be approximately $7.3 billion, a 24% increase compared to 2011, and that its 2012 Adjusted EBITDA will be approximately $825 million to $840 million, excluding certain items, an increase of 35% to 38% compared to the prior year. Avis Budget also continues to expect that its 2012 pretax income will be $450 million to $465 million and that its diluted earnings per share will be approximately $2.35 to $2.45, excluding certain items. More: Zipcar Acquisition facebook linkedin twitter email print Recommended For You Comments Comments on this post are now closed. Insiders 0 All Comments 3 Apply To Be An "Insider" » Loading Zipcar Is Getting Acquired By Avis Zipcar Is Getting Acquired By Avis ZIP plus CAR. 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Yahoo Acquires Startup OnTheAir - Business Insider Tech BI Intelligence Events Trending Tech Finance Politics Strategy Life Sports Video All × From To You have successfully emailed the post. Yahoo Acquires Startup OnTheAir Nicholas Carlson Dec. 4, 2012, 12:22 PM 4,048 facebook linkedin twitter email print Yahoo has acquired a startup called OnTheAir.  OnTheAir launched in March of this year. It's been described in the past as a "Skype Meets Google+ Hangouts." A Mashable review of the product says this is how it works: "Say you want to host a channel about blogging, you can schedule live conversations at any time and moderate who speaks. If you connect the tool to Facebook and Twitter, the site automatically shares the time of the chat to Facebook friends and Twitter followers." Investors include Scott Banister, Will Smith, True Ventures, and Triple Point Ventures. Yahoo CEO Marissa Mayer has said that one way she intends to restock the company with talented engineers is through small acquisitions. These transactions are often called aqui-hires. They are a nice way for a failed company to end. Here's the blog post from OnTheAir, announcing the news: We are excited to share some big news: OnTheAir has been acquired by Yahoo!. When we started OnTheAir, we had dreams of building a company that made a difference in the daily lives of millions. Our pursuit was challenging: We put in late nights together. We debated intensely. We worked like crazy to build a product we were proud to put our name on. Despite the challenges, our experience has been a rewarding one. We got to launch multiple products to a wonderful community. We were coached and mentored by some of the brightest investors and advisors in Technology (see our list below and work with them if you ever get the chance!). Most importantly, we developed deep bonds as a team and learned how to work together as a unit. While we haven’t yet attained our dream of building a widespread daily use product, we are just as committed to it. And this is why we’re so excited to be joining Yahoo!. When we first met with the team at Yahoo!, it was clear that everybody there is committed to making mobile products the backbone for the world’s daily habits. All in all, it’s a fascinating time to be joining Yahoo!. There’s a tremendous amount of energy in the company. There are big things to be done and great products to be built, and we’re thrilled to be a part of it. We want to conclude this letter with a word of gratitude. Thank you to all of our customers, team members, mentors, advisors, investors, consultants, friends, and family for being a special part of OnTheAir. Building a company is no easy task, and we realize we wouldn’t be anywhere without your support. The OnTheAir TeamAbel, Dan, Erik, Josh, and Mike More: Yahoo facebook linkedin twitter email print Recommended For You Comments Comments on this post are now closed. Insiders 0 All Comments 0 Apply To Be An "Insider" » Loading Yahoo Acquires Startup OnTheAir Yahoo Acquires Startup OnTheAir It's "Skype Meets Google+ Hangouts." Recommended For You Featured The Only Thing In The Universe That Baffles Neil deGrasse Tyson More "Innovators" » 3 types of insurance that can protect your family for years to come More "World 2.0" » Get Tech Emails & Alerts Sign-Up Learn More » Tech Select Tech Chart Of The Day Business Insider Select 10 Things In Tech You Need To Know Mobile Insights BII Mobile Insights More Featured Business Insider Select Tech Select Tech Chart Of The Day Markets Chart Of The Day 10 Things Before the Opening Bell Instant MBA Business Insider Events BI Intelligence Daily Finance Finance Select Markets Select Monday Scouting Report Your Money Select Financial Advisor Insights Smart Investor CFO Insider Finance Insider Strategy Strategy Select Advertising Select Retail Select Careers Select 10 Things You Need To Know In Advertising Politics Politics Select Military Select Life Life Select Transportation Select Education Select Entertainment Select Breaking News Tech Enterprise Select Science Select Mobile Chart Of The Day E-Commerce Chart Of The Day Payments Chart Of The Day Digital Media Chart Of The Day IoT Chart of the Day The Fintech Briefing Charts of the Day Sports Chart Of The Day Top 10 Things 10 Things In Tech You Need To Know Closing Bell Sports Sports Latest Research FREE: Mobile Payments - Everything You Need to Know 25 Big Tech Predictions for 2016 The Fintech Ecosystem Report The Digital Disruption of Retail Banking Read Business Insider On The Go Available for iPhone, iPad, and Android Find A Job Tech Jobs C-Level Jobs Media Jobs Design Jobs Finance Jobs Sales Jobs See All Jobs » Thanks to our partners * Copyright © 2016 Business Insider Inc. All rights reserved. Registration on or use of this site constitutes acceptance of our Terms of Service and Privacy Policy. Disclaimer Commerce Policy Powered by MongoDB Stock quotes by finanzen.net Made in NYC International Editions: UKDEAUSIDINMYSG

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Already High In Goodwill Assets, CME Does Another Acquisition - Business Insider Markets BI Intelligence Events Trending Tech Finance Politics Strategy Life Sports Video All × From To You have successfully emailed the post. Already High In Goodwill Assets, CME Does Another Acquisition GMI Ratings Dec. 3, 2012, 12:06 PM 23 facebook linkedin twitter email print GMI Ratings GMI Ratings is an independent provider of global corporate governance and ESG ratings and research Recent Posts GMI Ratings’ Quantitative Equity Model (QEM) Uses Forensic... Exide Technologies Files for Chapter 11 Bankruptcy Protection Study Confirms the Buffet Rule on Boards: Collegiality Trumps... CME Group (CME) said it completed its acquisition of the Kansas City board of trade (KCBT) for an undisclosed amount. Such deals have contributed to an unusually high proportion of the Chicago-based derivatives marketplace’s assets.   CME explained that its agreement with KCBT, the futures market for hard red winter wheat, would provide the customers of both marketplaces with greater capital efficiencies, new trading opportunities and additional products to manage their global wheat price risk. CME Group CEO Phupinder Gill said in a statement Dec.3 that his team would be integrating hard red winter wheat futures and options into its grain and oilseed products “starting today.”   CME has done other deals in recent years, such as its April 2009 acquisition of the Carvill Hurricane Index for an undisclosed amount from the reinsurance firm Carvill America Inc. CME estimated that it paid around $7.5 billion more than the book value of its past acquisitions as of June 30, or nearly 20% of its total assets versus the industry median of only 5%.   If CME misjudged the value of such deals, it might have to revise those estimates down the line. The post Already High In Goodwill Assets, CME Does Another Acquisition appeared first on GMI Ratings. Read more posts on GMI Ratings » facebook linkedin twitter email print Recommended For You Comments Comments on this post are now closed. Insiders 0 All Comments 0 Apply To Be An "Insider" » Loading Already High In Goodwill Assets, CME Does Another Acquisition Already High In Goodwill Assets, CME Does Another Acquisition CME Group (CME) said it completed its acquisition of the Kansas City board of trade (KCBT) for an... Recommended For You Featured Neil deGrasse Tyson and Al Gore on the future of our planet — and everything else More "Innovators" » My husband and I are business partners who just had our first child — here's how we make it work More "What Matters" » Get Markets Emails & Alerts Sign-Up Learn More » Markets Select 10 Things Before the Opening Bell Markets Chart Of The Day Business Insider Select Monday Scouting Report More Featured Business Insider Select Tech Select Tech Chart Of The Day Markets Chart Of The Day 10 Things Before the Opening Bell Instant MBA Business Insider Events BI Intelligence Daily Finance Finance Select Markets Select Monday Scouting Report Your Money Select Financial Advisor Insights Smart Investor CFO Insider Finance Insider Wealth Advisor Select Strategy Strategy Select Advertising Select Retail Select Careers Select 10 Things You Need To Know In Advertising Politics Politics Select Military Select Life Life Select Transportation Select Education Select Entertainment Select Breaking News Tech Enterprise Select Science Select Mobile Chart Of The Day E-Commerce Chart Of The Day Payments Chart Of The Day Digital Media Chart Of The Day IoT Chart of the Day Fintech Briefing Charts of the Day Sports Chart Of The Day Top 10 Things 10 Things In Tech You Need To Know Closing Bell Sports Sports Latest Research Our 25 Top Tech Predictions The Payments Ecosystem Report The Fintech Ecosystem Report The Internet of Things Report Read Business Insider On The Go Available for iPhone, iPad, and Android Find A Job Tech Jobs C-Level Jobs Media Jobs Design Jobs Finance Jobs Sales Jobs See All Jobs » Thanks to our partners * Copyright © 2016 Business Insider Inc. All rights reserved. Registration on or use of this site constitutes acceptance of our Terms of Service and Privacy Policy. Disclaimer Commerce Policy Stock quotes by finanzen.net Made in NYC International Editions: UKDEAUSIDINMYSG

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Snapchat Had Acquisition Talks With AdRoll As It Seeks to Grow Ad Tech Menu icon A vertical stack of three evenly spaced horizontal lines. Search icon A magnifying glass. It indicates, "Click to perform a search". Insider logo The word "Insider". 0 Email icon An envelope. It indicates the ability to send an email. Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. Log in Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. Subscribe Subscribe Business The word Business Life The word Life News The word News Reviews The word Reviews Search icon A magnifying glass. It indicates, "Click to perform a search". Insider logo The word "Insider". Close icon Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification. 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It often indicates a user profile. Log in Subscribe Subscribe Newsletters World globe An icon of the world globe, indicating different international options." US Edition US INTL Asia Deutschland & Österreich Australia España India Japan México Netherlands Polska South Africa Get the Insider App Click here to learn more A leading-edge research firm focused on digital transformation. See our Research Facebook Icon The letter F. Twitter icon A stylized bird with an open mouth, tweeting. LinkedIn icon The word "in". YouTube icon A play button in the shape of a television screen. Instagram icon A stylized camera. * Copyright © 2022. All rights reserved. Registration on or use of this site constitutes acceptance of our Terms of Service ,  Privacy Policy and Cookies Policy. Sitemap Disclaimer Accessibility Commerce Policy CA Privacy Rights Coupons Made in NYC Jobs Stock quotes by finanzen.net Reprints & Permissions Insider logo The word "Insider". Close icon Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification. Good Subscriber Account active since Shortcuts Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. Profile Newsletters FAQs Subscription Log out US Markets Loading... H M S In the news Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. HOMEPAGE Subscribe Subscribe Premium Home Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. Tech Snap had acquisition talks with AdRoll and is actively shopping for ad tech startups Alexei Oreskovic and Alex Heath 2017-07-14T20:36:00Z Facebook Icon The letter F. Email icon An envelope. It indicates the ability to send an email. Twitter icon A stylized bird with an open mouth, tweeting. Twitter LinkedIn icon The word "in". LinkedIn Fliboard icon A stylized letter F. Flipboard Link icon An image of a chain link. It symobilizes a website link url. Copy Link This story is available exclusively to Insider subscribers. Become an Insider and start reading now. Snap Chief Strategy Officer Imran Khan is responsible for growing the company's fledgling ad business. Reuters Snapchat is shopping for ad tech companies to help bolster its appeal to marketers, a process that led the company to have acquisition talks with AdRoll, Business Insider has learned.Snapchat's main targets are startups in the marketing tech and ad tech sectors, as the social network owned by parent company Snap Inc. seeks to grow its ad business and allay investor concerns that have punished its stock price."They're looking for some business, or a set of businesses, that can help them demonstrate the efficacy of their ads," a person familiar with the matter told BI. Snap acquired Placed for reportedly over $200 million in June to give it access to third-party measurement on tracking real-world purchases and store visits.Discussions with San Francisco-based AdRoll began shortly before Snap's March IPO and continued after. Although there were multiple meetings between the two companies, an offer price was never put on the table and AdRoll is currently in more serious discussions with several other bidders, the person said.A Snap spokesperson declined to comment for this story. AdRoll didn't respond to multiple requests for comment on Friday.AdRoll has raised roughly $91 million in venture capital funding to date and claims to be the most widely-used independent programmatic advertising platform, with more than 35,000 customers. The company is borderline profitable and on pace to do over $300 million in revenue this year, another person familiar with its business said.Feeling the pressureBuying AdRoll would give Snap a deeper foothold in ad targeting and campaign management along with e-commerce expertise, a third ad industry insider told BI."Snapchat buying AdRoll would be somewhat analogous to Google buying DoubleClick," the person said, referencing Google's blockbuster $3.1 billion purchase from 2007 that signaled its push into online advertising beyond its own scope.Although incredibly popular with younger users, Snap is under pressure to convince advertisers that its ads can deliver, especially compared to proven rivals like Facebook and Google.Snap's stock sank below its $17 initial public offering price this week, as a series of Wall Street analysts downgraded the stock due to Snap's slower-than-expected growth and fierce competition from Facebook-owned Instagram. "We have been wrong about Snap's ability to innovate and improve its ad product this year (improving scalability, targeting, measurability, etc.) and user monetization as it works to move beyond 'experimental' ad budgets into larger branded and direct response ad allocations," Morgan Stanley analyst Brian Nowak wrote in a note to clients earlier this week.Although Snap's talks with AdRoll have not gotten serious enough to progress to an offer, Snap is actively looking at other firms in the broad and increasingly overlapping field of advertising and marketing technology. Another name that has been bandied about as being on Snap's radar is Segment, a customer data tracking tool for marketers, although it could not be learned if the two companies have had deal talks.Do you know more about Snap's acquisition talks? Contact the author securely and discreetly via email ([email protected]) or via Twitter direct message. Visit Markets Insider for constantly updated market quotes for individual stocks, ETFs, indices, commodities and currencies traded around the world. Go Now! Sign up for notifications from Insider! Stay up to date with what you want to know. Subscribe to push notifications Deal icon An icon in the shape of a lightning bolt. Keep reading Was this article valuable for you? Yes No Additional comments Email (optional) Receive a selection of our best stories daily based on your reading preferences. Submit Newsletter Get the latest tech news & scoops — delivered daily to your inbox. Loading Something is loading. 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How Tumblr Got Acquired By Yahoo For $1.1 Billion - Business Insider Tech BI Intelligence Events Trending Tech Finance Politics Strategy Life Sports Video All Continue to Business Insider » You will be redirected in seconds. × From To You have successfully emailed the post. Behind The Scenes Of The Tumblr Deal, A $1.1 Billion Acquisition One Month In The Making Alyson Shontell May 20, 2013, 11:57 AM 13,147 17 facebook linkedin twitter email print Davidslog.comDavid Karp, founder and CEO of TumblrToday, Yahoo announced its $1.1 billion all-cash acquisition of social blogging platform, Tumblr. How did the deal come to be? What happened during the Yahoo board meeting over the weekend that everyone's been talking about? We asked people familiar with the inner workings of the deal for the real story. A few weeks ago, Tumblr and Yahoo began discussing the possibility of an acquisition. A source says it came together very quickly, and that the entire deal happened in under one month. Throughout the month, Marissa Mayer spent a lot of time with Karp and worked on the acquisition late into numerous evenings. "Marissa was very personally engaged in this deal," says a source, who noted that Mayer had been looking broadly at other strategic acquisitions too. The amount of face time and care Mayer put into the deal was part of what compelled Karp to sell his company to her. Marissa Mayer proposed the accepted deal, $1.1 billion in cash, to Karp. Karp didn't request an all-cash deal. Mayer simply didn't offer Yahoo shares, likely because she believes they're undervalued. The deal would have happened even if it hadn't been all cash, the source says. Karp personally received some shares of Yahoo as part of his retention plan. Facebook was close to making an offer too. "There was definitely interest expressed at a very senior level," says a source, who didn't comment on Tumblr and Facebook's price conversations.  On Friday, Tumblr held its weekly all-team meeting. It wasn't a special meeting to discuss the potential acquisition despite the breaking rumors. Acknowledging the deal to employees would have been a breach of confidentiality. There was no employee sign-off on the acquisition. Instead, employees were told earlier this morning about the acquisition during a 10 AM meeting and via email. As for the board meeting Yahoo held over the weekend, a source says one happened, but it wasn't held to decide Tumblr's fate. Yahoo had already decided to buy Tumblr before the meeting, and the meeting was more of a formality. With Tumblr's traffic flatlining over the past few months, was Yahoo smart to pay $1.1 billion for Karp's site?  "I think this is going to be a smart deal," a source says. "There's a huge amount of traffic Tumblr is monetizing very modestly. Assuming Yahoo manages this well and appropriately, I think there is a ton of upside, no different for Yahoo than YouTube was for Google." SEE ALSO: The Fabulous Life Of David Karp, 26-Year-Old Founder Of The $1 Billion Tumblr Empire More: Facebook Tumblr Yahoo facebook linkedin twitter email print Recommended For You Comments Comments on this post are now closed. Insiders 2 All Comments 17 Apply To Be An "Insider" » Loading Behind The Scenes Of The Tumblr Deal, A $1.1 Billion Acquisition One Month In The Making Behind The Scenes Of The Tumblr Deal, A $1.1 Billion Acquisition One Month In The Making Yes, Facebook made a play for Tumblr. 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Facebook's new acquisition WhatsApp messaging app down - Business Insider Reuters BI Intelligence Events Trending Tech Finance Politics Strategy Life Sports Video All Continue to Business Insider » You will be redirected in seconds. × From To You have successfully emailed the post. Facebook's new acquisition WhatsApp messaging app down Reuters Feb. 22, 2014, 5:08 PM 236 facebook linkedin twitter email print Thomson ReutersA Whatsapp App logo is seen behind a Samsung Galaxy S4 phone that is logged on to Facebook in the central Bosnian town of ZenicaCHICAGO (Reuters) - Users of WhatsApp reported on Saturday that the rapidly expanding mobile messaging app was down, just days after its acquisition by Facebook for $19 billion. "Sorry we currently experiencing server issues. We hope to be back up and recovered shortly," WhatsApp said in a tweet to its more than 1 million Twitter followers on Saturday around 4p.m. EST (2100 GMT). Five-year-old WhatsApp currently has about 450 million users globally and has been adding a million daily. Some of those users took to other forms of social media, including blogs, on Saturday to report the outage and vent their frustration. Facebook did not immediately respond to requests for comment. (Reporting By Dave Gregorio) Read the original article on Reuters. Copyright 2014. Follow Reuters on Twitter. More from Reuters: Greek PM fails to get opposition backing on pension reform Thousands of Israeli Arabs protest ban on Islamist group Nations pledge climate action, obstacles remain to summit: France Elite Kosovo police arrest opposition leader over tear gas Protesters delay German minister on train to Paris climate talks More: Reuters Tech Reuters Internet facebook linkedin twitter email print Recommended For You Comments Comments on this post are now closed. Insiders 0 All Comments 0 Apply To Be An "Insider" » Loading Facebook's new acquisition WhatsApp messaging app down Facebook's new acquisition WhatsApp messaging app down CHICAGO (Reuters) - Users of WhatsApp reported... Recommended For You Featured How data is saving the retail industry More "Digital Business Decoded" » 3 types of insurance that can protect your family for years to come More "World 2.0" » Get Reuters Emails & Alerts Sign-Up Learn More » More Featured Business Insider Select Tech Select Tech Chart Of The Day Markets Chart Of The Day 10 Things Before the Opening Bell Instant MBA Business Insider Events BI Intelligence Daily Finance Finance Select Markets Select Monday Scouting Report Your Money Select Financial Advisor Insights Smart Investor CFO Insider Prime Finance Strategy Strategy Select Advertising Select Retail Select Careers Select null Politics Politics Select Military Select Life Life Select Transportation Select Education Select Entertainment Select null Tech Enterprise Select Science Select Mobile Chart Of The Day E-Commerce Chart Of The Day Payments Chart Of The Day Digital Media Chart Of The Day IoT Chart of the Day Charts of the Day Sports Chart Of The Day Top 10 Things 10 Things In Tech You Need To Know Closing Bell Sports Sports Latest Deals The Trendsetter Gift Guide Holiday Central Latest Research FREE: Mobile Payments - Everything You Need to Know The Messaging App Report The Internet of Things 2015 Report The Digital Disruption of Retail Banking Read Business Insider On The Go Available for iPhone, iPad, and Android Find A Job Tech Jobs C-Level Jobs Media Jobs Design Jobs Finance Jobs Sales Jobs See All Jobs » Thanks to our partners * Copyright © 2015 Business Insider Inc. All rights reserved. Registration on or use of this site constitutes acceptance of our Terms of Service and Privacy Policy. Disclaimer Commerce Policy Powered by MongoDB Stock quotes by finanzen.net Made in NYC International Editions: UKDEAUSIDINMYSG

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How The Acquisition Of The New York Stock Exchange Will Work In 2 Huge Slides http://www.businessinsider.com/details-of-the-ices-acquisition-of-the-new-york-stock-exchange-2012-12/comments en-us Sun, 29 May 2016 04:00:20 -0400 Sun, 29 May 2016 04:00:20 -0400 Joe Weisenthal http://static3.businessinsider.com/assets/images/bilogo-250x36-wide-rev.png Business Insider http://www.businessinsider.com

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Media Company Backstage Has Spent $200 Million on Acquisitions in 2021 Menu icon A vertical stack of three evenly spaced horizontal lines. Search icon A magnifying glass. It indicates, "Click to perform a search". Insider logo The word "Insider". 0 Newsletters Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. Log in Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. 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H M S In the news Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. HOMEPAGE 0 Newsletters Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. Log in Subscribe Subscribe Premium Home Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. Media Backstage has spent $200 million on acquisitions in 2021 and is primed to spend millions more as it transforms from a 60-year-old print magazine to a creator marketplace Lara O'Reilly 2021-09-08T12:12:25Z Save Article Icon A bookmark Facebook Icon The letter F. Email icon An envelope. It indicates the ability to send an email. Share icon An curved arrow pointing right. Twitter icon A stylized bird with an open mouth, tweeting. Twitter LinkedIn icon The word "in". LinkedIn Fliboard icon A stylized letter F. Flipboard Link icon An image of a chain link. It symobilizes a website link url. Copy Link Download the app Backstage CEO Josh Ellstein and Michael Felman, Backstage president. Backstage This story is available exclusively to Insider subscribers. Become an Insider and start reading now. Backstage said Wednesday it has acquired FilmFreeway, Coverfly, and Voice123. The company said it's spent $200 million on acquisitions this year and is looking for more deals. Backstage is looking to expand into new areas, such as offering project-management tools.  Backstage, the performing arts industry media brand, on Wednesday said it had made three acquisitions as part of its continued transition away from a primarily print magazine-based business to becoming a creator marketplace and collection of productivity tools.The new additions — film festival marketplace FilmFreeway; writers platform Coverfly; and voiceover artist marketplace Voice123 — bring the total Backstage has spent on acquisitions this year to $200 million, the company said. Terms of the individual deals were not disclosed.Earlier this year, Backstage also bought The Mandy Network and StarNow talent platforms, which connect a variety of creative professionals, such as production crew, actors, influencers, and musicians. Jason Mironov, managing director at TA Associates, which first invested in Backstage last year, told Insider the private-equity firm has also made potentially "hundreds of millions of dollars" available for Backstage to make further deals."We are ready and prepared to commit more equity," said Minorov.Founded in 1960, Backstage began life as a magazine focused on the business of acting for New York City-based performers.The magazine later expanded nationally but also went through a series of private-equity buyouts and had become, as Backstage CEO Josh Ellstein describes it, "an orphan asset." Ellstein, alongside a group of investors, acquired the brand in 2011 and set about turning it into a platform that offers a suite of tools for content creators, from casting, to project-management, and workflow products.Now, the magazine only contributes a small part of Backstage's overall business. The majority, or about 80%, of its revenue is derived from its subscribers — on-screen or on-stage talent who pay a little under $20 a month or $150 a year to access its services. Backstage now has more than 300,000 paying subscribers, Ellstein said. Roughly 20% of its revenue is generated by the content marketing side of its business.Ellstein said the pandemic accelerated trends the company was already seeing across the industries it operates in. With theaters shut down, actors were on the hunt for new types of work. Elsewhere, brands and agencies sought different types of content creators and specialists as traditional advertising production was disrupted. Digital advertising and influencer marketing budgets spiked.While declining to give specifics, Ellstein said revenue and profit at Backstage both grew by 20% through 2020. Over the next 12 months, Backstage is looking to expand its creator marketplace further — both organically and potentially through "very large" acquisitions — to cover all aspects of workflow for talent, crew, and post-production workers. Potential new areas of focus include dance and new project-management and payroll tools."We'd like people to think of Backstage as the original content creators' toolkit," said Ellstein. "Much like what Adobe has done over the past couple of decades in the graphical space," Backstage likes to think of itself as making similar strides in the audio-visual space, he added.Rob Ristagno, founder of consultancy firm Sterling Woods, said Backstage is an example of a publisher listening to its audience and giving them what they need — in this case, through connecting actors and performers with companies and people seeking talent and providing them the tools to get projects over the line."Publishers in any field should think about how they could match employees and employers in a seamless way like Backstage does," said Ristagno. "You need to go beyond the 'job board' tab on your website and instead create an experience that attracts qualified talent and matches them with those seeking talent." Sign up for notifications from Insider! Stay up to date with what you want to know. Subscribe to push notifications Deal icon An icon in the shape of a lightning bolt. Keep reading Was this article valuable for you? Yes No Additional comments Email (optional) Receive a selection of our best stories daily based on your reading preferences. Submit NOW WATCH: Companies ignoring climate change will be on the 'wrong side of history,' says World Economic Forum executive chairman More: backstage Theater Creator economy Creator Publishers Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. Deal icon An icon in the shape of a lightning bolt. For you Follow us on: * Copyright © 2022 Insider Inc. All rights reserved. Registration on or use of this site constitutes acceptance of our Terms of Service ,  Privacy Policy and Cookies Policy . 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AOL Buys Tim Armstrong's Local News Startup Patch, Events Startup Going - Business Insider Tech BI Intelligence Events Trending Tech Finance Politics Strategy Life Sports Video All × From To You have successfully emailed the post. AOL Buys Tim Armstrong's Local News Startup Patch, Events Startup Going Nicholas Carlson Jun. 11, 2009, 12:30 PM 6,223 22 facebook linkedin twitter email print Time Warner (TWX) subsidiary AOL has acquired local news startup Patch, which AOL CEO Tim Armstrong founded in 2007. Click here to see Tim's memo to employees on the deal→ Tim will forgo any profit from his seed investment, and will receive his seed capital in AOL shares after it's separated from Time Warner. AOL will also acquire events startup Going.com. Prices were undisclosed. Here's what Henry Blodget wrote about Patch back in February: Judging from the site, which has created a few New Jersey "patches," the model is to have a small group of reporters and editors write some original news content, with the community contributing events, classifieds, etc.  This makes sense.  Any effort left entirely to the community with no editorial oversight will fail (editors do serve a purpose).  As will any attempt to create a full-blown newsroom (the ad revenue just won't support it). Based on the early beta product for the towns in  New Jersey, Patch is still missing a couple of elements: Aggregation.  There is no way one or two reporters can produce enough content to keep the community happy.  The site needs to link to or run the work of others to be successful. Automated journalism.  The site has to take advantage of all the content that is or will eventually be available online for most communities: High school sports schedules/scores, real-estate sales, police records, deaths, births, etc.  This stuff is a big reason people read local newspapers, but there's no way Patch can afford to create it from scratch.  So it needs the engineering team to find ways to incorporate and link to it automatically. There's a strong team here, though (see About page), as well as a boatload of money (see Tim Armstrong).  And the beta product gets enough right that the company would seem to have an excellent opportunity to get the business right, too.  Too bad the Journal Register, et al, didn't think of this while they still had some cash flow. Here's AOL's release on the news: AOL today announced two acquisitions in the local space: Patch Media Corporation, http://www.patch.com, a local news and information platform aimed at serving local towns and communities and Going, Inc., http://www.going.com, a local platform for people to discover and share information about things to do in a number of leading cities across the country. Both Patch and Going offer local experiences, content and self-service applications for consumers and advertisers. “Local remains one of the most disaggregated experiences on the Web today -- there’s a lot of information out there but simply no way for consumers to find it quickly and easily,” said Tim Armstrong, AOL ’s Chairman and CEO . “It’s a space that’s prime for innovation and an area where AOL has a significant audience and a valuable mapping service in MapQuest. Going forward, local will be a core area of focus and investment for AOL . The acquisitions of Patch and Going will help us build out our local network further with excellent local services that enable people to stay better informed about what’s going on in their neighborhood.” The acquisitions extend AOL ’s network of local services, the largest online local network,* reaching more than 54 million total unique visitors per month.** Both acquisitions also leverage a consumer and marketplace trend toward greater consumption of news and information online.A recent survey by the Pew Research Center for the People & the Press found that more people now say they get most of their news from online sources than from traditional newspapers (40% vs. 35%).***In addition, local searches grew 58% in 2008 year over year, while overall searches climbed just 21%, according to research conducted by the Yellow Pages Association in March 2009.Local advertising (online and offline) represents an approximately $103 billion market (approximately 39% of total U.S. ad spending), according to Borrell Associates in 2009.Founded in December 2007 and headquartered in New York, Patch combines localized, professional journalism with community contribution and a platform that puts all town assets online – in effect, digitizing the community. Patch, which expects to be available in a dozen communities by the end of the year, currently has “Patches” in five communities with four more in development.“We are excited to join the AOL family,” said Jon Brod, CEO of Patch. “AOL’s substantial network will help us extend the reach of Patch into more and more communities. And Patch, as part of AOL’s local strategy, will create new opportunities for AOL to delight consumers and provide marketers access to highly targeted and deeply engaged audiences.”Launched in September 2006 and headquartered in Boston , Going is one of the leading local communities for 20-somethings looking for things to do in cities across the country. Going is available in 30 leading U.S. cities, including New York , Los Angeles , Chicago , Miami and Boston , with several more planned this year. Going also provides local promoters, event organizers and venues a fully automated, self-service RSVP, ticketing and advertising engine to maximize the attendance and value of their events. “Going allows young people in leading cities to discover upcoming events, parties and new hot spots - and most importantly connect with others who share a similar lifestyle. By joining with AOL, we have the opportunity to greatly expand the reach of our platform to more cities both in the U.S. and around the world," said Evan Schumacher, Going's CEO.“AOL has a legacy of connecting people to the content, community and services they care most about,” said Armstrong. “Patch and Going, combined with our existing network, will enable the company that got America online, to connect consumers around the globe to their communities online.”* April 2009 U.S. comScore Media Metrix; Local Networks category is a custom built category by AOL .** Custom AOL-defined Local Networks report, based on comScore U.S. Media Metrix Audience Duplication report (April 2009).*** Pew Research Center for the People and the Press, "Internet Overtakes Newspapers as News Outlet," December 2008. More: Online Mergers And Acquisitions AOL Media Big Tech Advertising Newspapers Innovation facebook linkedin twitter email print Recommended For You Comments Comments on this post are now closed. Insiders 0 All Comments 22 Apply To Be An "Insider" » Loading AOL Buys Tim Armstrong's Local News Startup Patch, Events Startup Going AOL Buys Tim Armstrong's Local News Startup Patch, Events Startup Going Tim will forgo any profit from his seed investment, and will receive his seed capital in AOL shares after it's separated from Time Warner. 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Enterprise More: Hewlett-Packard Autonomy Leo Apotheker HP Finance Chief Tried To Stop $11.7 Billion Acquisition, But Lost Matt Rosoff May 8, 2012, 6:57 PM 3,788 1 Email More Share on Tumblr Tweet Email Share on Tumblr Flickr/HPOnly one remains. See Also HP Is Helping Google Take A Bite Out Of The Microsoft Office Cash Cow And The Tech Company Making The Most Money On The Cloud Is ... Cisco! 14 Tech Execs Who Could Probably Kick Your Butt In A Fight HP's chief financial officer Cathie Lesjak blindsided her old boss at a board meeting and told assembled directors she was totally opposed to HP's $11 billion acquisition of enterprise search company Autonomy. Fortune reports that Lesjak had told then-CEO Leo Apotheker in private that she was opposed to the deal, thinking it was too expensive. Apotheker had proposed paying 11x revenues for Autonomy, when comparable companies were priced at around 3x. But Apotheker was surprised when she countered him at the board meeting. According to Fortune, citing somebody at the board meeting, Lesjak said: I don't think it's a good idea. I don't think we're ready. I think it's too expensive. I'm putting a line down. This is not in the best interests of the company. HP went through with the deal anyway. But the conflict was just one of many examples of how Apotheker lost control over the complicated political landscape at HP, and he was ousted less than two months later. The thing is, the conventional wisdom in Silicon Valley says that Lesjak was probably right. One CEO of an enterprise company that does not compete with HP told us that he thought the valuation was completely insane, and grounds for firing Apotheker even without all his other slip-ups. Some HP partners have also criticized the deal, and Oracle said they passed on the deal at $6 billion because it was too expensive. 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Google Acquires Channel Intelligence For $125 Million - Business Insider Tech BI Intelligence Events Trending Tech Finance Politics Strategy Life Sports Video All Continue to Business Insider » You will be redirected in seconds. × From To You have successfully emailed the post. Google Spends $125 Million On Channel Intelligence To Improve Google Shopping Jay Yarow Feb. 6, 2013, 8:31 AM 7,645 4 facebook linkedin twitter email print 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. More: Google facebook linkedin twitter email print Recommended For You Comments Comments on this post are now closed. Insiders 0 All Comments 4 Apply To Be An "Insider" » Loading Google Spends $125 Million On Channel Intelligence To Improve Google Shopping Google Spends $125 Million On Channel Intelligence To Improve Google Shopping Google is trying to tweak its shopping results. 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Yahoo Acquiring Mobile And Social Gamer Citizen Sports - Business Insider Tech BI Intelligence Events Trending Tech Finance Politics Strategy Life Sports Video All × From To You have successfully emailed the post. × Yahoo Acquiring Mobile And Social Gamer Citizen Sports Joe Weisenthal Mar. 17, 2010, 1:44 PM 872 8 facebook linkedin twitter email print Yahoo has announced the acquisition of sports network Citizen Sports. Kara Swisher predicted as such earlier this week. Here's how she described it: Citizen Sports started off in 2005 as ProTrade, an “athlete stock market entertainment company,” with $10 million from Kleiner Perkins Caufield & Byers partners Kevin Compton and Doug Mackenzie through Radar Ventures. Other investors included Kleiner Perkins partner Will Hearst, said the Citizen Sports Web site, “as well as major sports figures, including former Dallas Cowboys quarterback and three-time Super Bowl champ Troy Aikman; Arizona Diamondbacks General Partner Jeff Moorad; legendary NFL Hall of Fame coach Bill Walsh; and Northgate Capital Venture founder Brent Jones, the former all-pro San Francisco 49ers tight end.” But the site has morphed into an innovative digital enabler of interaction among fans of all kinds of sports, via its fantasy sports games and Sportacular iPhone app, as well as numerous apps on Facebook. And here's the announcement: --- As part of its ongoing commitment to be the center of people's online lives, Yahoo Inc. (NASDAQ:YHOO) today announced it has signed a definitive agreement to acquire Citizen Sports (www.citizensports.com), a company that brings the world of sports to fans' favorite social networking sites and mobile devices through innovative applications. This acquisition will strengthen Yahoo!'s social strategy of enriching, aggregating and distributing social content from across the entire Web, and offering a highly customizable social experience. "Yahoo! is in a unique position to combine our deep expertise in content and aggregation technology to offer a highly personalized social experience," said Bryan Lamkin, senior vice president, Consumer Products Group, Yahoo!. "Sports has been among the earliest online categories to experience rapid social proliferation, and the combination of Citizen Sports leading products with our world-class sports experience on Yahoo! Sports is a win-win for sports fans globally." Millions of people across the globe use Citizen Sports' array of social and mobile products to play fantasy sports, fill out brackets, check live scores and read up-to-the minute news on sports including football, hockey, soccer, baseball, racing, rugby, hockey and cricket. Yahoo! Sports' content will be integrated into these products, creating a seamless experience for sports fans wherever they are. On Yahoo! Sports, users will be able to broadcast their allegiances, create or join a conversation with friends and fans and cheer for their teams through Citizen Sports' applications. This integration will further transform Yahoo! into a more personally relevant experience, drive deeper user engagement and create opportunities for advertisers to interact with audiences in new environments. As the #1 destination for online Sports with more than 39 million monthly unique users in the U.S.*, Yahoo! Sports provides people with the most timely, relevant and comprehensive sports news, information and programming. Citizen Sports' network of popular applications for Facebook, MySpace, hi5, iPhone and Android span professional, college and high school sports. "Citizen Sports was founded with the intent to enable fans to access news, scores and fantasy games on the platform of their choice," said Mike Kerns, founder and CEO of Citizen Sports. "We look forward to becoming a part of Yahoo! and bringing our social experiences to their 600 million users around the globe." Citizen Sports was founded by Mike Kerns and Jeff Ma in 2004. Since then the company has brought together millions of sports fans from around the world to enjoy sports and connect with their friends. Citizen Sports is based in San Francisco. Yahoo! expects to complete this acquisition in the second quarter of 2010. Financial terms were not disclosed. More: Yahoo! Deals facebook linkedin twitter email print Recommended For You Comments Comments on this post are now closed. Insiders 0 All Comments 8 Apply To Be An "Insider" » Loading Yahoo Acquiring Mobile And Social Gamer Citizen Sports Yahoo Acquiring Mobile And Social Gamer Citizen Sports Big purple is now a maker of Facebook apps. 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Google Acquires Channel Intelligence For $125 Million - Business Insider Tech BI Intelligence Events Trending Tech Finance Politics Strategy Life Sports Video All Continue to Business Insider » You will be redirected in seconds. × From To You have successfully emailed the post. Google Spends $125 Million On Channel Intelligence To Improve Google Shopping Jay Yarow Feb. 6, 2013, 8:31 AM 7,642 4 facebook linkedin twitter email print 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. More: Google facebook linkedin twitter email print Recommended For You Comments Comments on this post are now closed. Insiders 0 All Comments 4 Apply To Be An "Insider" » Loading Google Spends $125 Million On Channel Intelligence To Improve Google Shopping Google Spends $125 Million On Channel Intelligence To Improve Google Shopping Google is trying to tweak its shopping results. 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Yahoo Acquires Propeld, A Small App Shop - Business Insider Tech BI Intelligence Events Trending Tech Finance Politics Strategy Life Sports Video All × From To You have successfully emailed the post. Yahoo Buys Propeld, Its Third Mobile Startup In Four Months Owen Thomas Feb. 12, 2013, 1:58 PM 8,228 2 facebook linkedin twitter email print GeekWireMaria Zhang, CEO, Propeld See Also Yahoo beats on earnings, stock slightly down Yahoo will lay off 15 percent of its workers Only one thing could make Yahoo investors happy, and it's not layoffs, says analyst Yahoo has just acquired Propeld, the maker of a local-recommendations app called Alike, according to Alike's website. TechCrunch, which first reported the deal, speculates that Yahoo will use Alike's technology to pull data from Facebook, Twitter, and Foursquare to recommend nearby businesses. We're not so sure. That's because a source on Yahoo's M&A team told us last month that the company wanted to buy—in our paraphrase—"small, failed startups with excellent teams for very little money." So that seems like a backhanded compliment for the Propeld team. More likely, they'll go to work on other Yahoo mobile projects—a typical pattern for such acquire-hire deals. The statement on the Alike website hints at this: We’ve always been passionate about the growing power of intelligent mobile experiences. We believe that distilled information, deeply personalized and made accessible anytime and anywhere, is what makes mobile experiences a part of our customers’ daily lives. In Yahoo we've found a team as excited about this vision as we are, and who are serious about making it real. We're super excited to join Yahoo's mobile team, where we can march toward that vision faster than ever. The Alike app will shut down. Propeld is currently based in the Seattle area. GeekWire reports that the team is relocating to Yahoo's headquarters in Sunnyvale, Calif., and its San Francisco office. On LinkedIn, we found the following team members: CEO Maria Zhang, a Microsoft veteran Nan Shi, a software engineer who previously worked at Microsoft and AOL Chang Luo, a software programmer who's also the developer of a poker-tracker app Marty Grabijas, whose background is in sales and marketing Since Marissa Mayer became CEO, Yahoo has made two other acquisitions, Stamped and OnTheAir—both small mobile startups. More: Yahoo Stamped Propeld Alike (app) Mobile Apps Acquisition Marissa Mayer facebook linkedin twitter email print Recommended For You Comments Comments on this post are now closed. Insiders 0 All Comments 2 Apply To Be An "Insider" » Loading Yahoo Buys Propeld, Its Third Mobile Startup In Four Months Yahoo Buys Propeld, Its Third Mobile Startup In Four Months Another clue to what Yahoo's looking for. Recommended For You Featured The Only Thing In The Universe That Baffles Neil deGrasse Tyson More "Innovators" » 3 types of insurance that can protect your family for years to come More "World 2.0" » Get Tech Emails & Alerts Sign-Up Learn More » Tech Select Tech Chart Of The Day Business Insider Select 10 Things In Tech You Need To Know Mobile Insights BII Mobile Insights More Featured Business Insider Select Tech Select Tech Chart Of The Day Markets Chart Of The Day 10 Things Before the Opening Bell Instant MBA Business Insider Events BI Intelligence Daily Finance Finance Select Markets Select Monday Scouting Report Your Money Select Financial Advisor Insights Smart Investor CFO Insider Finance Insider Strategy Strategy Select Advertising Select Retail Select Careers Select 10 Things You Need To Know In Advertising Politics Politics Select Military Select Life Life Select Transportation Select Education Select Entertainment Select Breaking News Tech Enterprise Select Science Select Mobile Chart Of The Day E-Commerce Chart Of The Day Payments Chart Of The Day Digital Media Chart Of The Day IoT Chart of the Day The Fintech Briefing Charts of the Day Sports Chart Of The Day Top 10 Things 10 Things In Tech You Need To Know Closing Bell Sports Sports Latest Research FREE: Mobile Payments - Everything You Need to Know 25 Big Tech Predictions for 2016 The Fintech Ecosystem Report The Digital Disruption of Retail Banking Read Business Insider On The Go Available for iPhone, iPad, and Android Find A Job Tech Jobs C-Level Jobs Media Jobs Design Jobs Finance Jobs Sales Jobs See All Jobs » Thanks to our partners * Copyright © 2016 Business Insider Inc. All rights reserved. Registration on or use of this site constitutes acceptance of our Terms of Service and Privacy Policy. Disclaimer Commerce Policy Powered by MongoDB Stock quotes by finanzen.net Made in NYC International Editions: UKDEAUSIDINMYSG

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The Stable Acquires DTC Firms BVA and Zehner Menu icon A vertical stack of three evenly spaced horizontal lines. Search icon A magnifying glass. It indicates, "Click to perform a search". Insider logo The word "Insider". 0 Newsletters Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. Log in Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. 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H M S In the news Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. HOMEPAGE 0 Newsletters Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. Log in Subscribe Premium Home Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. Advertising E-commerce agency The Stable is acquiring two of the biggest Shopify agencies to attract direct to consumer brands Lauren Johnson 2021-12-13T13:00:00Z Save Article Icon A bookmark Facebook Icon The letter F. Email icon An envelope. It indicates the ability to send an email. Share icon An curved arrow pointing right. Twitter icon A stylized bird with an open mouth, tweeting. Twitter LinkedIn icon The word "in". LinkedIn Fliboard icon A stylized letter F. Flipboard Facebook Icon The letter F. Facebook Email icon An envelope. It indicates the ability to send an email. Email Link icon An image of a chain link. It symobilizes a website link url. Copy Link Download the app The Stable's cofounder and CEO Chad Hetherington and president Nik Larsen The Stable This story is available exclusively to Insider subscribers. Become an Insider and start reading now. Redeem now The Stable is acquiring two of the largest companies that work with Shopify brands: BVA and Zehner. The acquisitions help The Stable grow direct-to-consumer clients like Chubbies and Stamps.com. The private equity-backed firm has become a big buyer of e-commerce firms as M&A heats up. E-commerce M&A is red hot as online shopping grows and retailers look to build out advertising businesses. Now, some ad agencies are broadening their ambitions and acquiring firms with direct-to-consumer expertise.Minneapolis-based commerce agency The Stable is acquiring two large Shopify agencies for undisclosed amounts: BVA and Zehner. The acquisitions will give The Stable deeper DTC expertise and clients.Up until now, The Stable has mostly worked with DTC brands like Quip and Ring interested in expanding to big retailers like Target and Walmart. To this point, The Stable has not helped develop direct-to-consumer strategies on Shopify, said Chad Hetherington, CEO of The Stable. But more brands are creating separate strategies for their retail and direct-to-consumer businesses. The Stable's acquisitions are aimed at offering services that once required multiple agencies.The Stable's president Nik Larsen said that Shopify plays a large role in the agency's ambitions to get direct-to-consumer clients. He added that while Shopify traditionally caters to small startups, the e-commerce platform is now trying to make inroads with the types of bigger brands that The Stable works with.BVA helps direct-to-consumer brands like Chubbies and Black Rifle Coffee build Shopify stores. BVA also offers advertising services that will fit in with The Stable's existing advertising business that helps buys e-commerce ads on Amazon, Target and Walmart. Zehner is a user experience and design company that works with large Shopify clients like Johnson & Johnson and Stamps.com.Travis Hess, CEO of BVA, will lead a new DTC team at The Stable and work closely with Michael Kucera, chief operating officer of Zehner. Zehner CEO and founder Matthew Zehner will become the global head of strategic partnerships and focus on relationships with private equity and venture capital investors.The Stable is backed by private equity firm Growth Catalyst Partners and has emerged as a large buyer of e-commerce firms recently as companies race to acquire companies that help brands sell and advertise online.The acquisitions of Zehner and BVA mark The Stable's second and third acquisitions this year. In November, The Stable acquired The Retail Firm, an analytics firm that works with brands that sell on Walmart. And The Stable's acquisition streak extends back to 2020, when it bought three firms: Kreative, RichContext, and Jacobs. So The Stable's headcount has grown significantly over the past year and a half, from around 65 employees in March 2020 to more than 500 employees with the staff from BVA and Zehner. Sign up for notifications from Insider! Stay up to date with what you want to know. Subscribe to push notifications Read next Was this article valuable for you? Yes No Additional comments Email (optional) Receive a selection of our best stories daily based on your reading preferences. Submit NOW WATCH: Anheuser-Busch's CMO on what many companies get wrong when it comes to being purpose-driven E-commerce advertising Shopify More... Read next Follow us on: * Copyright © 2022 Insider Inc. All rights reserved. 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Facebook Acquires Onavo for up to $200 Million Menu icon A vertical stack of three evenly spaced horizontal lines. Search icon A magnifying glass. It indicates, "Click to perform a search". Insider logo The word "Insider". 0 Newsletters Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. Log in Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. 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It indicates a way to close an interaction, or dismiss a notification. Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. HOMEPAGE 0 Newsletters Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. Log in Subscribe Home Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. Tech Facebook Has Acquired Mobile Analytics Startup Onavo For Up To $200 Million Alyson Shontell 2013-10-14T11:35:00Z Save Article Icon A bookmark Facebook Icon The letter F. Email icon An envelope. It indicates the ability to send an email. Share icon An curved arrow pointing right. Twitter icon A stylized bird with an open mouth, tweeting. Twitter LinkedIn icon The word "in". LinkedIn Fliboard icon A stylized letter F. Flipboard Facebook Icon The letter F. Facebook Email icon An envelope. It indicates the ability to send an email. Email Link icon An image of a chain link. It symobilizes a website link url. Copy Link Download the app Redeem now The Onavo Team Onavo Facebook has acquired a mobile analytics company, Onavo. The buyout price was up to $200 million, according to multiple reports.Onavo is based in Tel Aviv and Palo Alto. Facebook will turn Onavo's office into its first office in Israel and thirty employees will join Facebook's team there, The Marker reports. Onavo was founded in 2010 by Guy Rosen and Roi Tiger; it raised $13 million from Sequoia Capital and others. It provides mobile data usage analytics and helps companies see how their usage stacks up against other companies.Here's the memo from the founders:We are excited to announce that Facebook has agreed to acquire our company.Three years ago, we started Onavo with the goal of helping today’s technology consumers and companies work more efficiently in a mobile world. We developed the award-winning Onavo mobile utility apps, and later launched Onavo Insights, the first mobile market intelligence service based on real engagement data. Our service helps people save money through more efficient use of data, and also helps developers, large and small, design better experiences for people.  We’ve built world-class products and a remarkably talented team which has pioneered important breakthroughs in data compression technology and mobile analytics. Today, we’re eager to take the next step and make an even bigger impact by supporting Facebook’s mission to connect the world.As you know, Facebook and other mobile technology leaders recently launched Internet.org, formalizing Facebook’s commitment to improving access to the internet for the next 5 billion people — this is a challenge we’re also passionate about.We’re excited to join their team, and hope to play a critical role in reaching one of Internet.org’s most significant goals – using data more efficiently, so that more people around the world can connect and share. When the transaction closes, we plan to continue running the Onavo mobile utility apps as a standalone brand. As always, we remain committed to the privacy of people who use our application and that commitment will not change.We are incredibly proud of the talented team we have assembled, and, recognizing this, Onavo’s Tel-Aviv office will remain open for business and will become Facebook’s new Israeli office. We’ll continue to advance the work we are doing in collaboration with Facebook’s great team. Thank you to everyone who has joined us on this journey. We’d like to extend a special thanks to our investors, who believed in us and in our vision from the early days. We’re excited for what’s next.Guy Rosen, Co-Founder & CEORoi Tiger, Co-Founder & CTO Sign up for notifications from Insider! Stay up to date with what you want to know. Subscribe to push notifications Deal icon An icon in the shape of a lightning bolt. Keep reading Newsletter Get the latest tech news & scoops — delivered daily to your inbox. Loading Something is loading. Email address By clicking ‘Sign up’, you agree to receive marketing emails from Insider as well as other partner offers and accept our Terms of Service and Privacy Policy. More: Facebook Onavo Close icon Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification. 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UBS and Swiss Regulators Race to Seal Credit Suisse Deal: Reports Jump to Main content Search Account Menu icon A vertical stack of three evenly spaced horizontal lines. Search icon A magnifying glass. It indicates, "Click to perform a search". Insider logo The word "Insider". 0 Newsletters Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. Log in Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. 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H M S In the news Close icon Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification. Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. HOMEPAGE 0 Newsletters Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. Log in Subscribe Home Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. Finance Switzerland may use emergency measures to expedite a deal with UBS and Credit Suisse, reports say Jyoti Mann and Samantha Delouya 2023-03-18T20:15:47Z Save Article Icon A bookmark Facebook Icon The letter F. Email icon An envelope. It indicates the ability to send an email. Share icon An curved arrow pointing right. Twitter icon A stylized bird with an open mouth, tweeting. Twitter LinkedIn icon The word "in". LinkedIn Fliboard icon A stylized letter F. Flipboard Facebook Icon The letter F. Facebook Email icon An envelope. It indicates the ability to send an email. Email Link icon An image of a chain link. It symobilizes a website link url. Copy Link Read in app UBS is in talks about a merger with Credit Suisse. Arnd Wiegmann/Getty Images Redeem now UBS is in talks to acquire part or all of Credit Suisse, the Financial Times reported.  The talks come after a harrowing week for Credit Suisse, whose shares sank to a record low.  The likely merger of Switzerland's two largest banks comes a week after SVB collapsed.   Insider recommends waking up with Morning Brew, a daily newsletter. Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed while you're on the go. download the app Email address By clicking “Sign Up,” you also agree to marketing emails from both Insider and Morning Brew; and you accept Insider’s Terms and Privacy Policy. Click here for Morning Brew’s privacy policy. Two of Switzerland's largest banks and their regulators are thrashing out a merger deal that could be fast-tracked by Switzerland, the Financial Times reported.The Swiss National Bank and Swiss regulators brokered talks between UBS and its embattled smaller rival Credit Suisse as the only way of restoring confidence in the latter lender, the newspaper reported Friday.Later Saturday, the Times cited people familiar with the situation, reporting that the country is ready to use emergency measures to facilitate a takeover by UBS of Credit Suisse. Typically, UBS would have to allow shareholders weeks before such a deal was made, but with emergency measures, that waiting period could be skipped.Both UBS and Credit Suisse declined to comment to the FT and Bloomberg.  Outflows from Credit Suisse hit almost $11 billion a day late this week as confidence dwindled, two unnamed sources told the FT. The boards of both banks were meeting this weekend, suggesting that a deal is imminent. But Bloomberg reported later on Saturday that according to sources, the investment banking and trading arms of the bank are sticking points for the two sides.UBS was asking the Swiss government to cover some legal costs or other losses if a deal was done, Bloomberg reported citing unnamed sources. They suggested that UBS could buy its rival's wealth and asset management divisions, and sell the investment banking division. Swiss regulators told their US and UK counterparts that a merger of UBS and Credit Suisse was their "plan A," per the FT. UBS posted a $7.6 billion profit last year and is in far better financial health than its smaller rival, which made a loss of $7.9 billion. Deutsche Bank is also mulling whether parts of Credit Suisse might appeal and their potential value in the event of a breakup, Bloomberg reported. A representative for the bank declined to comment to the outlet.The FT also reported that BlackRock had explored making an offer for Credit Suisse, but a representative told Insider that it had "no interest" in acquiring part or all of the Swiss bank. Talks about a UBS-Credit Suisse tie-up come just a week after the collapse of Silicon Valley Bank sent shockwaves throughout the banking sector as investors and deposit-holders feared other banks could be next. Credit Suisse was hit particularly hard by investors' concerns since it's faced a slew of other challenges recently, including an announcement last week that it would delay its 2022 annual report after an inquiry from the SEC.  To make matters worse, this week, the Zurich-based bank's largest shareholder, Saudi National Bank, warned it would not be able to invest more cash into the bank without facing regulatory hurdles. On Thursday, after shares of Credit Suisse hit a record low, the troubled bank said it had secured a $50 billion lifeline from the Swiss central bank.However, shares fell a further 8% in Zurich Friday, valuing the bank at about $8.8 billion. Sign up for notifications from Insider! Stay up to date with what you want to know. Subscribe to push notifications Read next NOW WATCH: Credit Suisse UBS Bank Merger More... Close icon Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification. Recommended Video Follow us on: * Copyright © 2023 Insider Inc. All rights reserved. Registration on or use of this site constitutes acceptance of our Terms of Service and Privacy Policy. Contact Us Masthead Sitemap Disclaimer Accessibility Commerce Policy Advertising Policies Coupons Made in NYC Jobs @ Insider Stock quotes by finanzen.net Reprints & Permissions Your Privacy Choices International Editions: United States US International INTL Asia AS Deutschland & Österreich AT Deutschland DE España ES India IN Japan JP México MX Netherlands NL Polska PL

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Warren Buffett Has Been Looking For A $20 Billion Company To Acquire - Business Insider Finance BI Intelligence Events Trending Tech Finance Politics Strategy Life Sports Video All × From To You have successfully emailed the post. × Warren Buffett Is Looking To Acquire A $20 Billion Company Lisa Du May 5, 2012, 11:59 AM 2,500 6 facebook linkedin twitter email print Berkshire Hathaway's annual shareholder's meeting is underway in Omaha, and Business Insider has been tracking all the festivities. Arguably the biggest bombshell to come out of the Q&A session so far is the fact that Buffett considered acquiring a $22 billion company one or two months ago, but it didn't work out in the end. But, he's still looking according to CNBC's Alex Crippen. Buffett said he's definitely up for a good deal worth $20 billion. If he doesn't find one next year, then he might move up the price to $30 billion. buffett just said he almost made a $22 billion acquisition in the past couple of months. what do you think it was? #buffettwatch - Andrew Ross Sorkin (@andrewrsorkin) May 5, 2012 Buffett: If we find good $20B deal, we'll do it.Next yr, if haven't done it yet, will say if we find $30B deal, we'll do it #BuffettWatch - Alex Crippen (@alexcrippen) May 5, 2012 SEE ALSO: Warren Buffett's Having A Freaking Great Time At Berkshire Hathaway's Shareholder Meeting More: Warren Buffett Berkshire Hathaway facebook linkedin twitter email print Recommended For You Comments Comments on this post are now closed. Insiders 0 All Comments 6 Apply To Be An "Insider" » Loading Warren Buffett Is Looking To Acquire A $20 Billion Company Warren Buffett Is Looking To Acquire A $20 Billion Company Any takers? Recommended For You Featured These high-tech classes are the coolest thing happening in schools today More "Future Now" » Neil deGrasse Tyson and Al Gore on the future of our planet — and everything else More "Innovators" » Get Finance Emails & Alerts Sign-Up Learn More » Finance Select Business Insider Select More Featured Business Insider Select Tech Select Tech Chart Of The Day Markets Chart Of The Day 10 Things Before the Opening Bell Instant MBA Business Insider Events BI Intelligence Daily Finance Finance Select Markets Select Monday Scouting Report Your Money Select Financial Advisor Insights Smart Investor CFO Insider Finance Insider Wealth Advisor Select Strategy Strategy Select Advertising Select Retail Select Careers Select 10 Things You Need To Know In Advertising Politics Politics Select Military Select Life Life Select Transportation Select Education Select Entertainment Select Breaking News Tech Enterprise Select Science Select Mobile Chart Of The Day E-Commerce Chart Of The Day Payments Chart Of The Day Digital Media Chart Of The Day IoT Chart of the Day Fintech Briefing Charts of the Day Sports Chart Of The Day Top 10 Things 10 Things In Tech You Need To Know Closing Bell Sports Sports Latest Research Our 25 Top Tech Predictions The Payments Ecosystem Report The Fintech Ecosystem Report The Internet of Things Report Read Business Insider On The Go Available for iPhone, iPad, and Android Find A Job Tech Jobs C-Level Jobs Media Jobs Design Jobs Finance Jobs Sales Jobs See All Jobs » Thanks to our partners * Copyright © 2016 Business Insider Inc. All rights reserved. Registration on or use of this site constitutes acceptance of our Terms of Service and Privacy Policy. Disclaimer Commerce Policy Made in NYC Stock quotes by finanzen.net International Editions: UKDEAUSIDINMYSGPLSE

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Halogen Media Acquires NYC Startup YouCast - Business Insider Tech BI Intelligence Events Trending Tech Finance Politics Strategy Life Sports Video All Continue to Business Insider » You will be redirected in seconds. × From To You have successfully emailed the post. Halogen Media Acquires NYC Startup YouCast Alyson Shontell Apr. 28, 2011, 8:51 AM 1,230 facebook linkedin twitter email print See Also Slant wants to transform online media by paying writers 70% of ad revenue — but will that make a difference? Startups that help people to rent their homes and driveways are unhappy with George Osborne A famous Silicon Valley investor has launched a new UK venture capital fund Advertisers are hungry for social media, so we weren't surprised to learn that online ad network Halogen Media has acquired four-year-old startup, YouCast. YouCast works with brands like Nike and Turner Broadcasting to get them more exposure online by giving bloggers exclusive information about the companies.For example, Turner Broadcasting might give bloggers access to sneak peaks of upcoming shows or behind the scenes footage with actors, which bloggers can then share with followers. "Brands were saying to us, 'If we're going to make media investments, we want enduring value that we can tap into at our discretion, regardless of an ad buy," says Halogen's Founder and CEO Greg Shove. "They want to be more integrated and have something authentic with publishers and their audiences. Acquiring YouCast, which already has social media analytics in place, will make that possible." YouCast was founded by Jonathan Cohen and John Eaten. Combined, Halogen and YouCast are expected to make $10 million in revenue this year, says Shove. The acquisition amount has not been disclosed. More: Advertising Acquisition Startups facebook linkedin twitter email print Recommended For You Comments Comments on this post are now closed. Insiders 0 All Comments 0 Apply To Be An "Insider" » Loading Halogen Media Acquires NYC Startup YouCast Halogen Media Acquires NYC Startup YouCast More proof that brands are obsessed with social media. Recommended For You Featured How data is saving the retail industry More "Digital Business Decoded" » 3 types of insurance that can protect your family for years to come More "World 2.0" » Get Tech Emails & Alerts Sign-Up Learn More » Tech Select Tech Chart Of The Day Business Insider Select 10 Things In Tech You Need To Know Mobile Insights BII Mobile Insights More Featured Business Insider Select Tech Select Tech Chart Of The Day Markets Chart Of The Day 10 Things Before the Opening Bell Instant MBA Business Insider Events BI Intelligence Daily Finance Finance Select Markets Select Monday Scouting Report Your Money Select Financial Advisor Insights Smart Investor CFO Insider Prime Finance Strategy Strategy Select Advertising Select Retail Select Careers Select null Politics Politics Select Military Select Life Life Select Transportation Select Education Select Entertainment Select null Tech Enterprise Select Science Select Mobile Chart Of The Day E-Commerce Chart Of The Day Payments Chart Of The Day Digital Media Chart Of The Day IoT Chart of the Day Charts of the Day Sports Chart Of The Day Top 10 Things 10 Things In Tech You Need To Know Closing Bell Sports Sports Latest Deals The Trendsetter Gift Guide Holiday Central Latest Research FREE: Mobile Payments - Everything You Need to Know The Messaging App Report The Internet of Things 2015 Report The Digital Disruption of Retail Banking Read Business Insider On The Go Available for iPhone, iPad, and Android Find A Job Tech Jobs C-Level Jobs Media Jobs Design Jobs Finance Jobs Sales Jobs See All Jobs » Thanks to our partners * Copyright © 2015 Business Insider Inc. All rights reserved. Registration on or use of this site constitutes acceptance of our Terms of Service and Privacy Policy. Disclaimer Commerce Policy Powered by MongoDB Stock quotes by finanzen.net Made in NYC International Editions: UKDEAUSIDINMYSG

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Sometimes Larry And Sergey Don't Tell Eric Schmidt About Google's Acquisitions Till Later - Business Insider Tech BI Intelligence Events Trending Tech Finance Politics Strategy Life Sports Video All Continue to Business Insider » You will be redirected in seconds. × From To You have successfully emailed the post. Sometimes Larry And Sergey Don't Tell Eric Schmidt About Google's Acquisitions Till Later Nicholas Carlson Oct. 7, 2009, 2:43 PM 20,823 8 facebook linkedin twitter email print 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 > More: Online Big Tech Google Mergers And Acquisitions facebook linkedin twitter email print Recommended For You Comments Comments on this post are now closed. Insiders 0 All Comments 8 Apply To Be An "Insider" » Loading 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?" Recommended For You Featured How data is saving the retail industry More "Digital Business Decoded" » 3 types of insurance that can protect your family for years to come More "World 2.0" » Get Tech Emails & Alerts Sign-Up Learn More » Tech Select Tech Chart Of The Day Business Insider Select 10 Things In Tech You Need To Know Mobile Insights BII Mobile Insights More Featured Business Insider Select Tech Select Tech Chart Of The Day Markets Chart Of The Day 10 Things Before the Opening Bell Instant MBA Business Insider Events BI Intelligence Daily Finance Finance Select Markets Select Monday Scouting Report Your Money Select Financial Advisor Insights Smart Investor CFO Insider Prime Finance Strategy Strategy Select Advertising Select Retail Select Careers Select null Politics Politics Select Military Select Life Life Select Transportation Select Education Select Entertainment Select null Tech Enterprise Select Science Select Mobile Chart Of The Day E-Commerce Chart Of The Day Payments Chart Of The Day Digital Media Chart Of The Day IoT Chart of the Day Charts of the Day Sports Chart Of The Day Top 10 Things 10 Things In Tech You Need To Know Closing Bell Sports Sports Latest Deals The Thanksgiving Store Countdown to Black Friday - Deals of the Week The Trendsetter Gift Guide Holiday Central Latest Research FREE: Mobile Payments - Everything You Need to Know The Messaging App Report The Internet of Things 2015 Report The Digital Disruption of Retail Banking Read Business Insider On The Go Available for iPhone, iPad, and Android Find A Job Tech Jobs C-Level Jobs Media Jobs Design Jobs Finance Jobs Sales Jobs See All Jobs » Thanks to our partners * Copyright © 2015 Business Insider Inc. All rights reserved. Registration on or use of this site constitutes acceptance of our Terms of Service and Privacy Policy. Disclaimer Commerce Policy Powered by MongoDB Stock quotes by finanzen.net Made in NYC International Editions: UKDEAUSIDINMYSG

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Twitter Acquires Julpan Menu icon A vertical stack of three evenly spaced horizontal lines. Search icon A magnifying glass. It indicates, "Click to perform a search". Insider logo The word "Insider". 0 Newsletters Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. Log in Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. Subscribe Subscribe Business The word Business Life The word Life News The word News Reviews The word Reviews Business Tech Finance Markets Strategy Retail Advertising Healthcare Intelligence Life Entertainment Culture Travel Food Health Parenting Beauty Style News Politics Military & Defense Sports Opinion Reviews Tech Streaming Home Kitchen Style Beauty Gifts Deals Pets Parenting Coupons Health Learning Hobbies & Crafts Travel All A-Z Advertising Business Careers Coupons DoorDash Walmart Dell Staples Under Armour Culture Design Entertainment Executive Lifestyle Finance Food Health Healthcare Intelligence Latest Life Markets Insider Media Military & Defense News Opinion People Personal Finance Politics Premium Retail Reviews Science Sports Strategy Tech Transportation Travel TV Beauty Explorers Best in Town Bonkers Closets Festival Foodies Movies Insider Pop Culture Decoded The Making Of The Ultimate List Featured Better Capitalism Cities Connected Insider TV Master Your Money Next Stop Sustainable Finance Transforming Business About About Advertise Careers Contact Us Corporate Corrections Policy Follow RSS Sitemap Facebook Twitter Instagram YouTube LinkedIn Subscriptions Intelligence Premium US Markets Loading... H M S In the news Close icon Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification. Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. HOMEPAGE 0 Newsletters Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. Log in Subscribe Subscribe Home Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. Tech Twitter Just Acquired A Company Belonging To A Guy Who Sold An Algorithm To Google Dylan Love 2011-09-21T18:35:46Z Save Article Icon A bookmark Facebook Icon The letter F. Email icon An envelope. It indicates the ability to send an email. Share icon An curved arrow pointing right. Twitter icon A stylized bird with an open mouth, tweeting. Twitter LinkedIn icon The word "in". LinkedIn Fliboard icon A stylized letter F. Flipboard Link icon An image of a chain link. It symobilizes a website link url. Copy Link Download the app Flickr Twitter has acquired Julpan for an undisclosed sum, reports TechCrunch.Julpan is a startup that aims to analyze social data shared on various networks. With Twitter's recent unveiling of its statistics product, this is not a surprising acquisition. What makes it much more interesting is the guy behind it -- Ori Allon.Allon sold a proprietary search algorithm called Orion to Google in 2006. Google integrated Orion into its own search algorithm where it still plays a major part.With this acquisition, Twitter gains Julpan's technology as well as the 12-person team. Allon will become director of engineering at Twitter. Sign up for notifications from Insider! Stay up to date with what you want to know. Subscribe to push notifications Deal icon An icon in the shape of a lightning bolt. Keep reading Newsletter Get the latest tech news & scoops — delivered daily to your inbox. Loading Something is loading. Email address By clicking ‘Sign up’, you agree to receive marketing emails from Insider as well as other partner offers and accept our Terms of Service and Privacy Policy. More: Google Twitter Close icon Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification. Recommended Video Follow us on: * Copyright © 2022 Insider Inc. All rights reserved. Registration on or use of this site constitutes acceptance of our Terms of Service ,  Privacy Policy and Cookies Policy . Contact Us Sitemap Disclaimer Accessibility Commerce Policy Advertising Policies CA Privacy Rights Coupons Made in NYC Jobs Stock quotes by finanzen.net Reprints & Permissions International Editions: United States US International INTL Asia AS Deutschland & Österreich AT Deutschland DE España ES India IN Japan JP México MX Netherlands NL Polska PL South Africa ZA

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PwC Boosts Cloud Consulting With Acquisition of Specialist EagleDream Menu icon A vertical stack of three evenly spaced horizontal lines. Search icon A magnifying glass. It indicates, "Click to perform a search". Insider logo The word "Insider". 0 Newsletters Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. Log in Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. Subscribe Subscribe Business The word Business Life The word Life News The word News Reviews The word Reviews Business Tech Finance Markets Strategy Retail Advertising Healthcare Intelligence Life Entertainment Culture Travel Food Health Parenting Beauty Style News Politics Military & Defense Sports Opinion Reviews Tech Streaming Home Kitchen Style Beauty Gifts Deals Pets Parenting Coupons Health Learning Hobbies & Crafts Travel All A-Z Advertising Business Careers Coupons DoorDash Walmart Dell Staples Under Armour Culture Design Entertainment Executive Lifestyle Finance Food Health Healthcare Intelligence Latest Life Markets Insider Media Military & Defense News Opinion People Personal Finance Politics Premium Retail Reviews Science Sports Strategy Tech Transportation Travel TV Beauty Explorers Best in Town Bonkers Closets Festival Foodies Movies Insider Pop Culture Decoded The Making Of The Ultimate List Featured Better Capitalism Cities Connected Insider TV Master Your Money Next Stop Sustainable Finance Transforming Business About About Advertise Careers Contact Us Corporate Corrections Policy Follow RSS Sitemap Facebook Twitter Instagram YouTube LinkedIn Subscriptions Intelligence Premium US Markets Loading... H M S In the news Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. HOMEPAGE 0 Newsletters Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. Log in Subscribe Subscribe Premium Home Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. Finance PwC just bought a cloud-consulting company to turbocharge its AWS practice and ramp up its efforts to be clients' go-to for digital transformations Samantha Stokes 2020-11-19T14:11:00Z Save Article Icon A bookmark Facebook Icon The letter F. Email icon An envelope. It indicates the ability to send an email. Twitter icon A stylized bird with an open mouth, tweeting. Twitter LinkedIn icon The word "in". LinkedIn Fliboard icon A stylized letter F. Flipboard Link icon An image of a chain link. It symobilizes a website link url. Copy Link Download the app Companies worldwide spent an estimated $36.5 billion on cloud services between July and September, according to Canalys. Jack Taylor/Getty Images This story is available exclusively to Insider subscribers. Become an Insider and start reading now. Business Insider PwC acquired the cloud-transformation servicer EagleDream, it announced Tuesday, in a move that boosts the firm's digital-transformation offerings. The deal comes as clients now want cloud transformation across all business lines — from marketing to finance to operations — instead of just technology, Mohamed Kande, PwC's US and global advisory leader said. "The cloud is how companies operate today. It's not just a tech problem, it's a business problem," Kande told Business Insider. EagleDream also has multiple AWS Partner Network ambassadors, a selective group of 200 global experts of Amazon Web Services, Amazon's dominant cloud-computing business. Sign up here to receive updates on all things Innovation Inc. Cloud technologies and services have exploded in recent years, and experts say they're now bleeding beyond their original technology arena into every other aspect of business. Professional-services firms like PwC are listening and bulking up their rosters of cloud experts to provide more solutions to clients.PwC has acquired EagleDream, a leading cloud-native-transformation company that helps clients use cloud technologies to digitally transform their businesses, it announced Tuesday. The firm provides cloud migration and support, software and application design, cloud management, and more.The Rochester, New York-based company also has multiple AWS Partner Network ambassadors, a selective group of 200 global experts of Amazon Web Services, Amazon's dominant cloud-computing business.Read more: Amazon Web Services salaries revealed: These 10 cloud jobs fetch as much as $185,000 in base pay — and this is what it takes to get hiredCloud technologies and digital transformations are top of mind for PwC clients, Mohamed Kande, PwC's vice chair and US and global advisory leader, told Business Insider. While the behemoth consulting firm has offered cloud services since 2007, acquiring EagleDream was an opportunity to bring to the table a specialized group of experts to round out the firm's overall business offerings."No big outcome in tech can be delivered without the cloud," Kande said. "And it's not just our job to implement tech or provide advice, but to deliver outcomes."PwC already has a cloud-transformation group with 6,000 cloud-related service-delivery specialists in 163 countries as part of its consulting services, but EagleDream's 100 employees will be folded into PwC's global advisory group to bring existing clients new ways to solve existing business problems. There will also be opportunities for EagleDream's cloud clients to meet with groups at PwC to strategize solutions beyond just the cloud.This crossover is just one example of the future of the cloud, which Kande and Bob Moore, EagleDream's CEO and founder, say is an important component of serving clients' business needs holistically.Cloud-service clients used to be mainly chief information officers who had tech-specific problems. Today the cloud drives every single business decision of a company, from marketing to finance to operations, and involves both customer-facing and back-end work. That's why it's important to include cloud experts when strategizing outcomes for more and more business decisions, they said."This is not just a tech business; this is how we compete now. We are bringing people together in a natural way to give the best outcomes to clients," Kande said.The terms of the deal were not disclosed, but Kande said the two companies have been in discussion since the summer and plan to be fully integrated and operational by the beginning of 2021. A sign of more consolidation of small cloud consultancies to comeThough professional-services firms like PwC, Deloitte, and Accenture offer some cloud solutions, the space has been dominated by smaller boutiques like EagleDream that handle a smaller volume because of their size but whose highly experienced professionals have driven cloud-computing innovation to what it is today.Companies worldwide spent an estimated $36.5 billion on cloud services between July and September, up $9 billion from the same period in 2019, according to the market-research firm Canalys.By partnering with a larger consulting firm, many of which have about 300,000 employees, a company like EagleDream can bring its depth of expertise to new levels and push innovations in cloud technologies even further forward, Moore said. In his case, he and his small team will be joining forces with 276,000 professionals at PwC."There will always be boutiques, but now you're starting to see a consolidation happening," Moore said. "We realize cloud transformation is just in the second inning of a nine-inning game: Lots more will happen, and bigger organizations will all be going through it. It's important to have the focus, scale, and experience PwC brings to the table both nationally and globally." Sign up for notifications from Insider! Stay up to date with what you want to know. Subscribe to push notifications Deal icon An icon in the shape of a lightning bolt. Keep reading Was this article valuable for you? Yes No Additional comments Email (optional) Receive a selection of our best stories daily based on your reading preferences. Submit SEE ALSO: VCs says that these 24 companies are the top cloud infrastructure startups in a market dominated by Amazon, Microsoft, and Google DON'T MISS: Cloud salaries revealed: How much Amazon, Microsoft, Google, and even non-tech companies pay engineers, architects, consultants, and salespeople focused on cloud technologies NOW WATCH: Expect Amazon to make a surprising acquisition in 2018, says CFRA More: PwC Cloud Consulting Firms big 4 AWS Innovation Innovation Inc Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. Deal icon An icon in the shape of a lightning bolt. For you Follow us on: * Copyright © 2022 Insider Inc. All rights reserved. Registration on or use of this site constitutes acceptance of our Terms of Service ,  Privacy Policy and Cookies Policy . 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Yahoo Has Acquired Snip.it - Business Insider Tech BI Intelligence Events Trending Tech Finance Politics Strategy Life Sports Video All × From To You have successfully emailed the post. Yahoo Has Acquired Snip.it, And The Startup Dealmaker Who Launched It Owen Thomas Jan. 22, 2013, 8:35 PM 9,615 4 facebook linkedin twitter email print Ramy Adeeb See Also These are the things Yahoo will kill as part of its plan to save hundreds of millions of dollars Yahoo just admitted that it overpaid for Tumblr Only one thing could make Yahoo investors happy, and it's not layoffs, says analyst Yahoo CEO Marissa Mayer is moving ahead with her plan to acquire struggling startups with talented teams: The company is, as expected, snapping up Snip.it, a website which lets users make collections of links on a topic to share their expertise. AllThingsD reported Yahoo's interest earlier Tuesday. The Snip.it service is shutting down, according to a note posted on the website. That pragmatic decision will sadden some Snip.it users, but it suggests that Yahoo was interested in Snip.it more for its employees than its product. While it's easy to see how Snip.it's expertise in design and user interfaces might serve to refresh aging Yahoo products like, say, Yahoo Answers, we have a different theory about why Yahoo bought it—and that's to get the services of Snip.it CEO Ramy Adeeb. Adeeb has a particularly interesting background. Before starting Snip.it, Adeeb worked at Khosla Ventures, where he helped make investments in companies like GroupMe and Square. And before that, he worked at Tellme, an enterprise startup acquired by Microsoft for $800 million. As such, he has powerful connections with a host of startups backed by Khosla or launched by Tellme alumni. Mayer is an angel investor in Square, which suggests that the two might have similarly keen eyes for the next wave of design-oriented mobile apps. After getting his team situated at Yahoo, we think Adeeb might move into a corporate-development role, leading Yahoo's dealmaking with startups to assemble the talented teams with which Mayer hopes to stage a mobile-focused turnaround. More: Yahoo Acquisition Marissa Mayer Snip.it Ramy Adeeb facebook linkedin twitter email print Recommended For You Comments Comments on this post are now closed. Insiders 1 All Comments 4 Apply To Be An "Insider" » Loading Yahoo Has Acquired Snip.it, And The Startup Dealmaker Who Launched It Yahoo Has Acquired Snip.it, And The Startup Dealmaker Who Launched It The job Marissa Mayer assigns him to will be telling. Recommended For You Featured The Only Thing In The Universe That Baffles Neil deGrasse Tyson More "Innovators" » 3 types of insurance that can protect your family for years to come More "World 2.0" » Get Tech Emails & Alerts Sign-Up Learn More » Tech Select Tech Chart Of The Day Business Insider Select 10 Things In Tech You Need To Know Mobile Insights BII Mobile Insights More Featured Business Insider Select Tech Select Tech Chart Of The Day Markets Chart Of The Day 10 Things Before the Opening Bell Instant MBA Business Insider Events BI Intelligence Daily Finance Finance Select Markets Select Monday Scouting Report Your Money Select Financial Advisor Insights Smart Investor CFO Insider Finance Insider Strategy Strategy Select Advertising Select Retail Select Careers Select 10 Things You Need To Know In Advertising Politics Politics Select Military Select Life Life Select Transportation Select Education Select Entertainment Select Breaking News Tech Enterprise Select Science Select Mobile Chart Of The Day E-Commerce Chart Of The Day Payments Chart Of The Day Digital Media Chart Of The Day IoT Chart of the Day The Fintech Briefing Charts of the Day Sports Chart Of The Day Top 10 Things 10 Things In Tech You Need To Know Closing Bell Sports Sports Latest Research FREE: Mobile Payments - Everything You Need to Know 25 Big Tech Predictions for 2016 The Fintech Ecosystem Report The Digital Disruption of Retail Banking Read Business Insider On The Go Available for iPhone, iPad, and Android Find A Job Tech Jobs C-Level Jobs Media Jobs Design Jobs Finance Jobs Sales Jobs See All Jobs » Thanks to our partners * Copyright © 2016 Business Insider Inc. All rights reserved. Registration on or use of this site constitutes acceptance of our Terms of Service and Privacy Policy. Disclaimer Commerce Policy Powered by MongoDB Stock quotes by finanzen.net Made in NYC International Editions: UKDEAUSIDINMYSG

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Some Employees Are Furious At Management Payouts In Walmart's Big Adtech Acquisition http://www.businessinsider.com/adchemy-stock-payouts-in-walmartlabs-acquisition-2014-5/comments en-us Wed, 31 Dec 1969 19:00:00 -0500 Fri, 29 Apr 2016 23:35:53 -0400 Jim Edwards http://www.businessinsider.com/c/53867b216bb3f71e4d4975ff Daniel Kiepfer Wed, 28 May 2014 20:11:13 -0400 http://www.businessinsider.com/c/53867b216bb3f71e4d4975ff Two things also not mentioned here so far. Senior managers often get payouts as part of a deal to a) make sure things go smoothly during negotiations and diligence, and b) to ensure they stay with the company after it's been acquired. The value to the acquirer is as an ongoing operating company, so they want to make sure to protect that value by ensuring the senior management team doesn't leave en masse. Now, I guess I would also be annoyed if my company got acquired and I wasn't one of the lucky few who got a big payout. But then again, I'm also annoyed when I bet on red and the ball lands on black, or when I don't win the lottery. Let's not confuse "annoyance" for "being right". And to those employees who are annoyed that their common stock suddenly wasn't worth anything? It wasn't worth anything before Walmart came along, either. But hey, at least your salary got paid by some investors in the meantime. http://www.businessinsider.com/c/538653aa69bedd4367ca8953 Sam C. Wed, 28 May 2014 17:22:50 -0400 http://www.businessinsider.com/c/538653aa69bedd4367ca8953 I am not shocked at all by this. It is Walmart. Not only are they grossly shady and out for themselves, they don't know how to recognize great tech talent when they see it. They have made 10-12 acquisitions in 18mos and how many of these people are left, hardly any.... they bounce when they realize what a joke that place is. Plus, the leaders who are awsome have left and gone to Google, Groupon and other places and what is left is exEbay, exYahoo guys with no track record of success and no credits to their name. Walmart will always sell sh*t but they will never be a tech or eCommerce company and this is a clear sign of that. So unfortunate for the acquired talent but there is hope as you are in the Silicon Valley and your opportunities are endless. http://www.businessinsider.com/c/5385ec59ecad04863313aa53 MHourback Wed, 28 May 2014 10:02:01 -0400 http://www.businessinsider.com/c/5385ec59ecad04863313aa53 Another question here is, if Adchemy is really the "train wreck" described by Antonio Garcia-Martinez, what exactly did Walmart get for its >$30-40MM? http://www.businessinsider.com/c/53857b57eab8ea34526cd61e dlmcdonough Wed, 28 May 2014 01:59:51 -0400 http://www.businessinsider.com/c/53857b57eab8ea34526cd61e "The situation is somewhat unusual because normally in tech startups employees are granted options on common stock for free....It's used as an employee retention incentive.. at no stage is a worker asked to risk their own money." Wow....OK: That is totally wrong...On BI? Come on...options, as a functions of securities law, bear a strike price that is equal to fair market value...so if you are an employee who joins after the company takes money, (which = most employees), then the strike price is typically at least the price paid by investors in the last financing...Employees take no risk only if they remain employees until the company sells or goes public...but that takes 3, 5, 10 years or more...and if you are fired or you quit before that happens, then you are typically forced by the terms of your option agreement to decide whether or not to pay the strike price for vested shares, or lose the "option" to buy them forever. This is not "unusual." It is typical. Furthermore, it sounds like Adchemey sold for far less than the $120M they took; (even if the "$30-$40M" estimate is low, as Wal Mart says). How would the common share-owning employees like to trade places with the investors? The ones who lost $75-$100M in this deal? Those investors would have had to approve the terms of the sale, including the payouts to management...cash investors do not agree to large payouts for managers, while they take huge losses, out of some arbitrary affinity for managers...They probably agreed to it because the deal would not have gotten done at all unless senior management agreed...and the senior managers insisted on getting paid, or they would go on trying to make the company work...and so the investors agreed to these payouts as a means of recovering part of their investment, rather than take the risk of the company going to zero in the hands of managers that had so far driven the company off a cliff. If employees bought options, while still employees, for no reason, then shame on management for not explaining to them that they did not have to do that...if that happened , then these managers are complete tools...but it is not clear that happened to anyone in this case, (and I suspect it did not). But even if it did: Then even more shame on you employees for not reading your option agreements. You likely have college educations...You have unusual access to professors and friends and lawyers, and friends of friends, who know about start-up option agreements...and even if you do not, this aspect of your option agreements is not shrouded in legal mumbo-jumbo...it is plain english, for the most part, and if you don't understand what it says, then ask before you sign...or ask later, after you sign, but before you spend thousands of dollars to buy something you do not comprehend...

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Sprint Might Acquire T-Mobile - Business Insider Tech BI Intelligence Events Trending Tech Finance Politics Strategy Life Sports Video All × From To You have successfully emailed the post. WSJ: Sprint Might Buy T-Mobile Next Year For $20 Billion Steve Kovach Dec. 13, 2013, 4:28 PM 2,773 4 facebook linkedin twitter email print Kevin Smith/Business InsiderT-Mobile spokeswoman Carly Foulkes.Sprint, the third largest wireless carrier in the U.S., is considering a $20 billion bid to buy T-Mobile next year, according to The Wall Street Journal. T-Mobile is the fourth largest carrier and the smallest of the "big four" — Verizon, AT&T, Sprint, and T-Mobile. If Spring buys T-Mobile, only three companies will dominate the wireless carrier business in the U.S. However, the WSJ says Sprint hasn't decided on whether or not it will make the bid for T-Mobile. There are a ton of regulatory things that would have to clear first. Plus, it brings back memories of when AT&T and T-Mobile tried to merge in 2011. The Justice Department killed that deal. More: Sprint T-Mobile facebook linkedin twitter email print Recommended For You Comments Comments on this post are now closed. Insiders 0 All Comments 4 Apply To Be An "Insider" » Loading WSJ: Sprint Might Buy T-Mobile Next Year For $20 Billion WSJ: Sprint Might Buy T-Mobile Next Year For $20 Billion Sprint, the third largest wireless carrier in... Recommended For You Featured Neil deGrasse Tyson and Al Gore on the future of our planet — and everything else More "Innovators" » My husband and I are business partners who just had our first child — here's how we make it work More "What Matters" » Get Tech Emails & Alerts Sign-Up Learn More » Tech Select Tech Chart Of The Day Business Insider Select 10 Things In Tech You Need To Know Mobile Insights BII Mobile Insights More Featured Business Insider Select Tech Select Tech Chart Of The Day Markets Chart Of The Day 10 Things Before the Opening Bell Instant MBA Business Insider Events BI Intelligence Daily Finance Finance Select Markets Select Monday Scouting Report Your Money Select Financial Advisor Insights Smart Investor CFO Insider Finance Insider Wealth Advisor Select Strategy Strategy Select Advertising Select Retail Select Careers Select 10 Things You Need To Know In Advertising Politics Politics Select Military Select Life Life Select Transportation Select Education Select Entertainment Select Breaking News Tech Enterprise Select Science Select Mobile Chart Of The Day E-Commerce Chart Of The Day Payments Chart Of The Day Digital Media Chart Of The Day IoT Chart of the Day Fintech Briefing Charts of the Day Sports Chart Of The Day Top 10 Things 10 Things In Tech You Need To Know Closing Bell Sports Sports Latest Research Our 25 Top Tech Predictions The Payments Ecosystem Report The Fintech Ecosystem Report The Internet of Things Report Read Business Insider On The Go Available for iPhone, iPad, and Android Find A Job Tech Jobs C-Level Jobs Media Jobs Design Jobs Finance Jobs Sales Jobs See All Jobs » Thanks to our partners * Copyright © 2016 Business Insider Inc. All rights reserved. Registration on or use of this site constitutes acceptance of our Terms of Service and Privacy Policy. Disclaimer Commerce Policy Stock quotes by finanzen.net Made in NYC International Editions: UKDEAUSIDINMYSG

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E-COMMERCE Insider: Another Retailer Launches Loyalty App — Easily Preventable Data Breaches — Expedia to Acquire Travelocity Menu icon A vertical stack of three evenly spaced horizontal lines. Search icon A magnifying glass. It indicates, "Click to perform a search". Insider logo The word "Insider". 0 Newsletters Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. Log in Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. 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H M S In the news Close icon Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification. Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. HOMEPAGE 0 Newsletters Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. Log in Subscribe Subscribe Home Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. Insider Intelligence E-COMMERCE INSIDER: Another Retailer Launches Loyalty App — Easily Preventable Data Breaches — Expedia To Acquire Travelocity Nicholas Quah 2015-01-26T12:00:00Z Save Article Icon A bookmark Facebook Icon The letter F. Email icon An envelope. It indicates the ability to send an email. Share icon An curved arrow pointing right. Twitter icon A stylized bird with an open mouth, tweeting. Twitter LinkedIn icon The word "in". LinkedIn Fliboard icon A stylized letter F. Flipboard Link icon An image of a chain link. It symobilizes a website link url. Copy Link Download the app Good morning! E-Commerce Insider is delivered first thing every morning exclusively to BI Intelligence members.Have feedback? We'd like to hear from you. Write me at: [email protected]. WAWA LAUNCHES LOYALTY APP: The Pennsylvania-based convenience store chain Wawa has rolled out a mobile app that will let customers make in-store purchases and gain loyalty-based rewards through their mobile devices. The app is free and will be available on both iOS and Android, according to the press release. It will also let users locate store branches in their immediate surroundings. Interestingly, the app also showcases a number of fairly tangential features, including the ability to check fuel prices and "view nutrition information" of food products on sale.Wawa is chasing after Starbucks' success in the mobile app arena. In 2013, the Starbucks app accounted for 90% of the $1.3 billion in US in-store mobile payment volume. Based on our estimates, we believe that Starbucks processed about $2 billion through the app in 2014. Starbucks' success with its mobile app has even compelled the company to begin piloting a remote ordering interface, Mobile Order & Pay, which will let customers order ahead and complete their purchase through the app. That feature is currently being tested in a few select US markets, and the company hopes to roll the feature out nationwide in the second half of this year. MOST DATA BREACHES IN 2014 COULD HAVE BEEN AVOIDED: Over 90% of data breaches last year were easily preventable, according to a new report published by the Online Trust Alliance. The report, titled "the 2015 Data Protection Best Practices," further found that only 40 percent were the result of external intrusions, while 29 percent were caused by employees—accidentally or maliciously—due to a lack of internal controls. The Online Trust Alliance is a Seattle-based industrial working group that focuses on researching, developing, and sharing best practices for cybersecurity.Retailers and e-commerce companies need to ramp up cybersecurity efforts to bounce back from a year of grueling cyberattacks. The frequency of data breaches in 2014 increased by 25% in the period between July and September compared to the same period the previous year, according to a SafeNet report covered by Internet Retailer. This increase was particularly prominent for retailers, whose breaches in this period accounted for 15% of all reported data breach incidents. In absolute terms, that translates to about 57 million compromised data records.US CONSUMERS PRIORITIZE SECURITY OVER PRIVACY, STUDY FINDS: A signification portion of American consumers distinctly differentiate the concept of security from privacy and seem to prioritize the former over the latter, a new study by Adroit Digital finds. Specifically:69% of respondents feel privacy and security are separate issues86% of respondents feel that security is more important than privacy when completing online activitiesThe study also found that many of its respondents believe that the very notion of privacy no longer exists in the digital age. 73% of respondents believe privacy in 2015 is an illusion.75% of respondents feel they are freely giving up some privacy rights by using the internet.When it comes to security, respondents reported differences in trust of security between different kinds of sites.30% of respondents believe they're most at risk on retail sites.51% of respondents believe they're most at risk on social networks.EXPEDIA TO ACQUIRE TRAVELOCITY: Online travel giant Expedia has reportedly filed to acquire struggling competitor Travelocity from parent company Sabre Corporation for $280 million, according to the Wall Street Journal. Expedia had already been working with Travelocity under a long-term agreement since 2013. Under that arrangement, Expedia powered Travelocity's search engine and handled most of the company's customer-facing operations, which means that this transition would likely be fairly smooth. Despite the acquisition, Travelocity will retain its brand and online presence, which reportedly services about 20 million users a month.This development highlights shifts among the behemoth legacy travel sites — like Expedia, Orbitz, and Priceline — as the industry reacts to newer, smaller, and more dynamic entrants like Hipmunk and Kayak. The American online travel market reached around $145 billion in 2014, up 6.5% from 2013, according to eMarketer. PAYPAL'S GROWTH IS MORE COMPLEX THAN YOU THINK: PayPal may be outpacing parent company eBay in terms of growth, but its take rate appears to be collapsing. PayPal's take rate is the revenue the company generates as a percentage of total payment volume earned through PayPal and its subsidiary, Braintree. It's an indicator of how much PayPal is able to charge its clients for payments products and services.Since Q2 2012 take rate has steadily declined, except for a slight uptick in the first half of 2013. Take rate fell to 3.36% during the fourth quarter of 2014 from its peak of 3.94% in Q2 2012.  Three factors are affecting take rate, according to CFO Bob Swan: Credit portfolio expansion: PayPal's consumer credit business monetizes at a higher rate than its other businesses which has a positive effect on take rate. Growing penetration among large merchants: High volume merchants get better deals on transaction processing through PayPal. As the company continues to win business from larger merchants it will negatively impact take rate. Expansion into new markets: When PayPal ventures into new markets, take rate tends to be negatively impacted.  BI Intelligence For further analysis and a related data set on PayPal's take rate, click here >>SURVEY FORECASTS HUGE INCREASES IN EMV, ENCRYPTION, AND TOKENIZATION ACCEPTANCE THIS YEAR: There will be a 650% increase in the number of merchants accepting EMV payments by October 2015, according to a Boston Retail Partners survey of executives at 500 large US retailers. 10% of those surveyed currently accept EMV, with another 65% saying they expect to support it by the EMV mandate in October. The survey also gathered data on merchant acceptance of other payments technologies:10% of surveyed retailers support NFC and 35% plan to integrate it by October.33% currently support channel-specific tokenization and 40% plan to support it by October. Only 18% support cross-channel tokenization, with 29% expecting to add it. 35% support point-to-point encryption (P2PE) and 45% will support it by October. BI Intelligence Research Associate Evan Bakker contributed to this Insider.Here's what else BI Intelligence members are reading... FIRST TAKE: We Tried The Echo, Amazon's New Smart-Home AssistanteBay's E-Commerce Business Is In TroubleiPhone 6 Plus Usage Soars In Two Of Apple's Largest Markets Sign up for notifications from Insider! Stay up to date with what you want to know. Subscribe to push notifications Deal icon An icon in the shape of a lightning bolt. Keep reading Newsletter Get a daily newsletter packed with stats about trends affecting your industry. Sign up for Chart of the Day. Loading Something is loading. 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Getir Acquires Grocery-Delivery Rival Gorillas Jump to Main content Search Account Menu icon A vertical stack of three evenly spaced horizontal lines. Search icon A magnifying glass. It indicates, "Click to perform a search". Insider logo The word "Insider". 0 Newsletters Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. Log in Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. 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H M S In the news Close icon Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification. Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. HOMEPAGE 0 Newsletters Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. Log in Subscribe Home Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. Tech Rapid-delivery startup Getir buys its rival Gorillas at a big discount as grocery apps continue to eat each other Michael Cogley and Hasan Chowdhury 2022-12-09T13:23:05Z Save Article Icon A bookmark Facebook Icon The letter F. Email icon An envelope. It indicates the ability to send an email. Share icon An curved arrow pointing right. Twitter icon A stylized bird with an open mouth, tweeting. Twitter LinkedIn icon The word "in". LinkedIn Fliboard icon A stylized letter F. Flipboard Facebook Icon The letter F. Facebook Email icon An envelope. It indicates the ability to send an email. Email Link icon An image of a chain link. It symobilizes a website link url. Copy Link Download the app Rapid delivery startup Gorillas has been acquired by Turkish rival Getir. Gorillas Grocery-delivery startup Getir has acquired its German rival Gorillas at a hefty discount. Gorillas tried to raise capital to continue to operate on its own but has accepted the deal from Getir. The Berlin-based startup, which slashed jobs earlier this year, was valued at around $3 billion in 2021. Sign up for our newsletter for the latest tech news and scoops — delivered daily to your inbox. Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed while you're on the go. download the app Email address By clicking ‘Sign up’, you agree to receive marketing emails from Insider as well as other partner offers and accept our Terms of Service and Privacy Policy. Troubled grocery-delivery startup Gorillas has been acquired by its larger Turkish competitor Getir for a hefty discount Insider first reported last month that Berlin-based Gorillas, founded in 2020, would likely be sold at a discount. The Financial Times reported Friday that the Getir-Gorillas deal was worth $1.2 billion and mostly comprised equity. Gorillas was last valued at $3 billion in 2021.Tiger Global-backed Getir, which was founded in 2015, confirmed the news in a statement on Friday. The company said its acquisition of Gorillas underscored how it led "consolidation" in the rapid delivery sector."Markets go up and down, but consumers love our service and convenience is here to stay," Getir founder Nazim Salur said. "The super fast grocery delivery industry will steadily grow for many years to come and Getir will lead this category it created 7 years ago." Insider has approached Getir and Gorillas for further comment.Gorillas was one of a batch of startups that emerged during the pandemic promising to deliver groceries to customers' doors in minutes. The Berlin-based company, which slashed hundreds of jobs in May, counted the likes of hedge fund Coatue, tech giant Tencent, and DST Global among its backers.The startup benefitted from an era of cheap cash where investors were happy to pump capital into loss-making businesses, plus the pandemic inducing global lockdowns.Gorillas and its rivals gained notoriety for pursuing competitive ad campaigns that sought to onboard customers through aggressive discounts, and for establishing a pricey delivery model that involved setting up so-called dark warehouses to deliver on their promises of getting groceries to customers in less than 30 minutes.  However, a post-pandemic shift in habits, the shift in macroeconomic conditions driven by high inflation, and the war in Ukraine turned investors cold on startups that are regularly losing cash.Nalin Patel, lead analyst for EMEA private capital at Pitchbook, said the deal made sense strategically as both Getir and Gorillas battled with layoffs in the face of these growing macro challenges.Patel pointed to a fall in discretionary spending, as rising inflation has forced consumers to tighten their purse strings, as well as a reduced reliance on rapid grocery delivery services in general as COVID-19 restrictions that were in place during 2020 and 2021 had been lifted."This combination of factors has meant fewer people are using these platforms, and growth has been much harder to achieve, particularly in a low margin and crowded industry such as the food delivery space, which requires vast scale for profitability," Patel said.  The acquisition marks one of the most significant moves to consolidate the rapid grocery delivery market to date at the tail end of a period that has seen several European startups seeking to plant their flag get bought up. In May, German rapid grocery delivery unicorn bought competitor Cajoo, which had been backed by French giant Carrefour in a deal reported to be worth almost $100 million. Getir, meanwhile, had previously acquired smaller British competitor Weezy.The opportunities to buy European startups in the sector have attracted US attention too. US tech firm Gopuff, last valued at $15 billion, agreed to acquire British competitor Dija in August 2021 after it was in business for just eight months.Insider's Tom Dotan reported last December that there would be widespread casualties in the rapid grocery delivery sector in 2022. Sign up for notifications from Insider! Stay up to date with what you want to know. Subscribe to push notifications Read next NOW WATCH: Customers expect CEOs to take action against climate change now more than ever, Unilever executive says Gorillas Grocery Delivery Getir Close icon Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification. Recommended Video Follow us on: * Copyright © 2023 Insider Inc. All rights reserved. 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Digital Wealth Manager Betterment to Acquire Wealthsimple's US Clients Menu icon A vertical stack of three evenly spaced horizontal lines. Search icon A magnifying glass. It indicates, "Click to perform a search". Insider logo The word "Insider". 0 Newsletters Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. Log in Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. 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H M S In the news Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. HOMEPAGE 0 Newsletters Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. Log in Subscribe Subscribe Premium Home Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. Finance Betterment's new CEO explains her first big move as the $28 billion robo-advisor contemplates an IPO and new potential funding Rebecca Ungarino and Carter Johnson 2021-03-05T16:27:53Z Save Article Icon A bookmark Facebook Icon The letter F. Email icon An envelope. It indicates the ability to send an email. Share icon An curved arrow pointing right. Twitter icon A stylized bird with an open mouth, tweeting. Twitter LinkedIn icon The word "in". LinkedIn Fliboard icon A stylized letter F. Flipboard Link icon An image of a chain link. It symobilizes a website link url. Copy Link Download the app Betterment Chief Executive Sarah Levy joined the digital wealth manager in December. Betterment This story is available exclusively to Insider subscribers. Become an Insider and start reading now. Digital wealth manager Betterment is buying Canadian rival Wealthsimple's US book of business. Betterment, which manages some $28 billion in assets, will absorb around $190 million in assets. CEO Sarah Levy told Insider that Betterment, which launched in 2010, is on a path to an IPO. Betterment is set to acquire Canadian competitor Wealthsimple's US-based customer accounts in a deal that will add some $190 million in assets and 17,000 customers to the robo-advisor just three months after the fintech named a new chief executive to usher in growth and expansion.A pioneer in the robo-advisor space since it launched in 2010 to help customers automate the investing process for low fees, Betterment said it will complete the transfer of Wealthsimple's US-based customer accounts by June, and that those clients will have the choice to opt out of that transfer.  The deal is a meaningful acquisition for Betterment as the company marks a new chapter under CEO Sarah Levy's leadership. The startup is now eyeing a public offering and is navigating a highly crowded space of startups vying for digitally savvy savers and traders who skew younger. Wealthsimple's accounts provide something robo-advisors are always looking for: scale. Betterment will not take on Wealthsimple's technology, employees, or operations as a part of the deal. Wealthsimple, which oversaw some $8 billion ($10 billion Canadian dollars) for 2 million clients as of February, is based in Toronto and also has offices in New York City and London.Wealthsimple said it chose New York-based Betterment, which manages some $28 billion in assets for 600,000 customers as of February, as a buyer for its US clientele as it turns to focus on the Canadian market.Betterment and Wealthsimple declined to disclose terms of the deal. Each firm advised itself on the transaction. "It was really a philosophical match," Levy, who was appointed last December to replace founder Jon Stein, said in an interview with Insider. "The question really became: is there a price at which this is going to make sense for their customers, and for our business?"Wealthsimple Chief Executive Michael Katchen told Insider it considered several companies as buyers. The company, which Katchen co-founded with Chief Operating Officer Brett Huneycutt and launched in 2014, has grown from a robo-advisor to offer a wider array of services, including trading securities and tax-prep tools. "We see this opportunity to really build a very different kind of financial platform in Canada. That opportunity is so big and so unique that we want to focus everything on it. So, a year ago, we started on this endeavor to simplify the business, to focus on Canada," Katchen said. A Wealthsimple spokesperson declined to specify how many or which companies it held discussions with. Michael Katchen, chief executive of Canadian robo-advisor Wealthsimple. Wealthsimple Wealthsimple will continue to operate its Brooklyn office, and a spokesperson said the majority of its US staff will be reassigned to the Canadian business. "There will likely be a few employees who leave eventually as part of the transition, but not immediately," the spokesperson said. Betterment eyes new funding this year, and a path to an IPOBetterment was more or less alone in its specialty as a standalone automated, digital-first wealth advisory startup when it launched in the wake of the financial crisis more than a decade ago.But then came its primary US rival Wealthfront, now overseeing $24 billion, and a wave of other financial startups that rely on aggressive growth and scale to keep costs low.  Storied institutions, too, have more recently gotten in the game. Goldman Sachs last month launched a robo-advisor that is among Betterment's competitors, and JPMorgan has been on a mission to grow its wealth management business that houses its in-house robo-advisor. Betterment's cache with a new generation has drawn major investors over the years. Betterment has raised $275 million in total funding, with its last round a $70 million extension of its Series E in 2017 that was led by Swedish investment company Kinnevik and included Bessemer Venture Partners, Menlo Ventures, and Francisco Partners. At that time, it was valued at $800 million. A company spokesperson declined to comment on an updated valuation.Levy said the firm is leaning toward raising a new round of funding this year; a spokesperson said that is not a move that company will pursue for certain, and that the company is "in a strong position but there is market interest."The firm also remains on a path to going public, Levy said. She had previously told the Wall Street Journal that the prospect of an IPO was not "too far in the distance." As Betterment looks to absorb Wealthsimple's US-based customers, it has recently recorded record user growth, in a fashion similar to other investment firms adding hoardes of new customers throughout the pandemic. Jon Stein, the founder of Betterment, stepped down from his post in December and was succeeded by Levy. Betterment In January and February, it added more than 50,000 customers, marking its two best-ever months and a rise of 80% from the same time last year, a spokesperson said.Before joining Betterment, Levy was a longtime Viacom executive who was chief operating officer of ViacomCBS's media networks from 2018 to 2020 and previously served as operating chief of its Nickelodeon unit for nearly two decades. Levy tapped another Viacom veteran, Kim Rosenblum, in January as Betterment's first chief marketing officer as beefing up marketing efforts has been a key focus for her. "There was an opportunity, I felt, to bolster marketing," Levy said. "My experience is really more about brand building and scaling businesses." A spokesperson said that the firm did not previously have a marketing chief, and that Levy has now brought marketing operations under one umbrella. Some of Levy's primary focuses for hiring are for its marketing, social media, and customer service teams.  Sign up for notifications from Insider! Stay up to date with what you want to know. Subscribe to push notifications Deal icon An icon in the shape of a lightning bolt. Keep reading Was this article valuable for you? Yes No Additional comments Email (optional) Receive a selection of our best stories daily based on your reading preferences. Submit NOW WATCH: Customers expect CEOs to take action against climate change now more than ever, Unilever executive says More: Betterment Wealthsimple Finance Fintech Wealth management Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. Deal icon An icon in the shape of a lightning bolt. For you Follow us on: * Copyright © 2022 Insider Inc. All rights reserved. Registration on or use of this site constitutes acceptance of our Terms of Service ,  Privacy Policy and Cookies Policy . Contact Us Sitemap Disclaimer Accessibility Commerce Policy Advertising Policies CA Privacy Rights Coupons Made in NYC Jobs Stock quotes by finanzen.net Reprints & Permissions International Editions: United States US International INTL Asia AS Deutschland & Österreich AT Deutschland DE España ES India IN Japan JP México MX Netherlands NL Polska PL South Africa ZA

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Flush With Cash And Liquid Stock, Demand Media Plans For Acquisitions - Business Insider Login   Login Username Password Remember me Forgot username or password? Login with Twitter Login with Facebook Login with LinkedIn Login with Google Register SAI Home Tech SAI Enterprise Science Google Considers Outbidding Facebook To Buy Waze For ~$1 Billion – Report Google Considers Outbidding Facebook To Buy Waze For ~$1 Billion – Report 500 New Cloud Apps Come Online Everyday And This Startup Protects Companies From The Onslaught Why Orange Juice Tastes Horrible After You Brush Your Teeth Finance Clusterstock Your Money PAUL TUDOR JONES: Babies Are The Biggest 'Killer' Of Women's Trading Success PAUL TUDOR JONES: Babies Are The Biggest 'Killer' Of Women's Trading Success Amazon Vs. Costco: Which Is Better For Buying In Bulk? 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Enter your email address and zip code to set up customized email alerts. Email Zip From To Email Sent! You have successfully emailed the post. Flush With Cash And Liquid Stock, Demand Media Plans For Acquisitions Nicholas Carlson | Jan. 27, 2011, 3:22 PM | 2,119 | 6 Email More Share on Tumblr Tweet Email Share on Tumblr   Now that Demand Media is public, has liquid stock, and a little cash to spend, it plans to start looking at premium content sites for possible acquisition, a source with knowledge of the company's plans tells us. We don't know any specific targets, but given what do know, we'd speculate that properties like Sugar Inc, The Huffington Post, Mediaite, and Mashable are the kind of thing Demand would like to buy. Alternatively, we wouldn't be surprised to see Demand make a run at a network property like Federated Media. You could see this post-IPO pivot coming. Demand Media CEO Richard Rosenblatt did not shell out big equity to poach Joanne Bradford  from her job as the boss of all ad sales at Yahoo to have her selling ads against McContent all day. She's at Demand because she has great relationships with big fancy brand advertisers – advertisers that like to put their brands against premium content. The other reason Demand would go after premium content is to help the company's branding. For a company that just raised $151 million to set a $1.5 billion market cap, Demand has a few smudges on it thanks to the low quality of its content and it's peculiar accounting methods.  Even a relatively small-sized premium property could quickly become the company's overall brand. Related: 10 Interesting Things We Just Learned About Demand Media Recommended For You Please follow SAI on Twitter and Facebook. Follow Nicholas Carlson on Twitter. 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It was founded in 2006 by former private equity investor, Shawn Colo... More » HuffingtonPost Summary The Huffington Post is an online newspaper, news aggregator, and blog founded by Arianna Huffington, Kenneth Lerer and Jonah Peretti. The site offers coverage of politics, media, business, entertainment, living, style, the... More » Nicholas Carlson Contact: e-mail: [email protected] AIM: AlleyInsider Work Phone: 646-376-6014 Subscribe to his RSS feed | twitter feed View his Google+ profile Ask Nicholas a Question Recent Posts Google Considers Outbidding... One of Yahoo's top designer... Ben Ling Turns His 'Hobby' ... Comments on this post are now closed. The Water Cooler Insiders 0   All Comments 6   Apply To Be An "Insider" » Loading Apply To Be An "Insider" » Flush With Cash And Liquid Stock, Demand Media Plans For Acquisitions Flush With Cash And Liquid Stock, Demand Media Plans For Acquisitions HuffPo? Mashable? Mediaite? Welcome, ! 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Yahoo Acquisitions - Business Insider Tech BI Intelligence Events Trending Tech Finance Politics Strategy Life Sports Video All × From To You have successfully emailed the post. × A List Of Yahoo's Terrible Acquisitions (And Some Good Ones!) Malathi Nayak, Reuters May 21, 2013, 6:27 AM 2,883 facebook linkedin twitter email print AP SAN FRANCISCO (Reuters) - Yahoo Inc announced on Monday it would shell out $1.1 billion to buy blogging service Tumblr, in a bid to revitalize its brand and attract a younger generation of users. Yahoo has been criticized for making big acquisitions that have not always reaped lasting returns. Under CEO Marissa Mayer, the Internet search company has snapped up numerous small startups in recent months, hoping to gain an edge in mobile, bring new talent on board and improve existing services. Here are notable acquisitions since the heyday of the first dotcom boom: Geocities: In 1999, Yahoo bought Geocities - a free service that hosted personal home pages for consumers and once ranked among the most-trafficked websites - for $4 billion-plus. Yahoo pulled the plug on the site in 2009, making the purchase one of the company's most glaring acquisition failures. Broadcast.com: Shortly before the dotcom bubble burst, Yahoo picked up the Internet radio company for more than $5 billion in 1999. While a win for tech entrepreneur and Broadcast.com founder Mark Cuban, industry watchers have said the exorbitant deal flopped as it did not deliver a return on investment. Flickr: The photo-sharing network joined the Internet company's list of acquisitions in 2005. Since taking the reins as CEO in July, Mayer has invested in giving its Flickr video and photo-sharing service a facelift to compete with rival products like Facebook's Instagram. Industry watchers say Yahoo did not give social media pioneer Flickr the attention it deserved early on, losing out to Facebook and Twitter that now dominate the social media space. Terms of the deal were not disclosed, though some publications reported that Yahoo paid about $35 million. Alibaba Group: Yahoo purchased a 40 percent stake in China's largest e-commerce company for $1 billion in 2005, a deal considered to be one of the search company's most lucrative investments. It now owns about 24 percent of the privately held company, which is widely expected to seek an initial public offering as early as this year. Some analysts say the company could fetch a valuation as high as Facebook's $100 billion. Right Media: The online ad exchange came onboard in 2007. Analysts had speculated that Yahoo was looking to sell off the platform it purchased for a reported $850 million last year. But the company, now under Mayer's watch, has said it is not for sale. Summly, Jybe, OnTheAir, and others: In March, Yahoo snagged mobile news aggregator Summly. Founded by 17-year-old Nick D'Aloisio in 2011 from his home in London, the Summly app sorts news by topics in quick bites for smartphones. Media buzz around the deal turned the spotlight on D'Aloisio. Some reports, however, criticized the deal saying a vital part of Summly's technology was not developed by the wunderkind but licensed from a non-profit research group called SRI International. Terms of the deal were not disclosed, though technology blog AllThingsD reported that Yahoo paid roughly $30 million. Yahoo's new mobile app offers news summaries adopting Summly's technology. This year, Yahoo also acquired online video platform OnTheAir founded by former Google and Apple employees; and mobile recommendation startup Jybe founded by former Yahoo staff. Dailymotion: In early May, Yahoo's plans to buy a 75 percent stake in the online video-sharing site, owned by France Télécom SA, fell through after it was rebuffed by the French government that wanted the site to remain wholly French-owned. Tumblr: Yahoo bought Tumblr, one of the Web's most popular hubs of so-called user-generated content, for $1.1 billion in cash, in an effort to establish a presence in the social media space. (Reporting by Malathi Nayak; Editing by Jeremy Laurence) More: Yahoo facebook linkedin twitter email print × Recommended For You Powered by Sailthru Comments Comments on this post are now closed. Insiders 0 All Comments 0 Apply To Be An "Insider" » Loading A List Of Yahoo's Terrible Acquisitions (And Some Good Ones!) A List Of Yahoo's Terrible Acquisitions (And Some Good Ones!) Don't forget that Alibaba was an acquisition--and it's worth more than the whole company. 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15 Companies That Could Be M&a Targets for Amazon, Microsoft, Google Menu icon A vertical stack of three evenly spaced horizontal lines. Search icon A magnifying glass. It indicates, "Click to perform a search". Insider logo The word "Insider". 0 Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. Log in Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. Subscribe Subscribe Business The word Business Life The word Life News The word News Reviews The word Reviews Search icon A magnifying glass. It indicates, "Click to perform a search". Insider logo The word "Insider". Close icon Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification. 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Close icon Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification. Good Subscriber Account active since Shortcuts Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. Profile Newsletters FAQs Subscription Log out US Markets Loading... H M S In the news Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. HOMEPAGE Subscribe Subscribe Premium Home Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. Enterprise These 15 companies could be acquisition targets for Amazon, Microsoft, and Google as the coronavirus crisis ratchets up the cloud wars and crushes tech valuations Ashley Stewart and Benjamin Pimentel 2020-04-18T13:50:00Z Facebook Icon The letter F. Email icon An envelope. It indicates the ability to send an email. Twitter icon A stylized bird with an open mouth, tweeting. Twitter LinkedIn icon The word "in". LinkedIn Fliboard icon A stylized letter F. Flipboard Link icon An image of a chain link. It symobilizes a website link url. Copy Link Microsoft CEO Satya Nadella (left) and Amazon CEO Jeff Bezos. Chip Somodevilla / Staff This story is available exclusively to Insider subscribers. Become an Insider and start reading now. The coronavirus crisis has accelerated the race to the cloud, as businesses realize the disadvantage of running their networks in private, on-premise data centers.That trend, plus the current market downturn, could push the cloud wars into a new phase where the three most dominant players — Amazon, Microsoft and Google — could start acquiring smaller players.These are the 15 companies, including startups, that tech experts and analysts say could be acquisition of targets for the big three. Click here for more BI Prime stories.The cloud wars were well underway even before the coronavirus crisis hit, and COVID-19's effects on the market may mean that M&A will become a key tactic right now for cloud giants like Amazon, Microsoft, and Google. The pandemic has highlighted the advantages of running a network on a web-based platform, instead of a private, on-premise data center, causing businesses to embrace the cloud at expense of vendors that sell products for private data centers. Meanwhile, the market crash has ushered in a period of uncertainty for smaller cloud players, including many startups, which may find themselves struggling in the downturn. All this could lead to a period of consolidation where the three enterprise cloud behemoths — Amazon, Microsoft, Google — as well as other tech giants gunning for a greater piece of the market, could seize opportunities to expand by acquiring smaller players."The downturn could mean that more companies move to the cloud faster," IDC President Crawford Del Prete told Business Insider. "That could mean consolidation at the infrastructure layer of networking, server and storage players as customers buy less on-premise gear."Analyst Ray Wang of Constellation Research said that the hyperscalers — as the major cloud companies are also known — will likely focus on three themes: increasing their AI and big data tools, expanding their customer base, and acquiring talent and intellectual property.The cloud giants are in "the best position" to take advantage of the consolidation wave because they have strong balance sheets, solid businesses with recurring revenue, and significant leads in cloud infrastructure, said Marty Wolf, president of Martinwolf M&A Advisors."They can buy a range of technologies, services and solutions," he told Business Insider. Here are 15 cloud companies, including startups, that tech experts and analysts believe could be acquisition targets for Amazon, Microsoft, and Google as COVID-19 rachets up the cloud wars: Snowflake Snowflake CEO Frank Slootman Snowflake What it does: Cloud data warehousing.Valuation: $12.4 billionWhy it could be a target: Storing huge amounts of data is one of the big challenges that businesses that move their networks to the cloud must face. Snowflake blazed the trail here, creating one of the most popular cloud data warehousing platforms. Robert Siegel, a longtime Silicon Valley venture capital investor, says Snowflake could definitely be a good target for the cloud giants, all of which already have partnerships with it. Though, he offers a hedge, too: "There is a lot of money in Snowflake and the investors may not want to sell right now."    Domo Domo CEO Josh James Domo What it does: Business analyticsMarket cap: $399 millionWhy it could be a target: Domo builds a cloud-based business intelligence platform that gives executives real-time dashboards about the health of their companies.It's one of a handful of major business analytics companies, though several of its competitors have been snapped up by big cloud players lately. In the last year alone, Google acquired data-analytics company Looker for $2.6 billion and Salesforce bought data visualization company Tableau for $15.7 billion.Nucleus Research analyst Daniel Elman told Business Insider that Domo's stock seems undervalued after the Looker and Tableau acquisitions and that "it stands to reason another large player could swoop Domo up for pennies on the dollar to bolster their own analytics capabilities." Nara Logics Nara Logics CEO Jana Eggers Nara Logics What it does: Cloud AI analyticsValuation: $40 millionWhy it could be a target: Nara Logics sells AI analytics inspired by neuroscience. The Boston-based company has become one of the most well-known companies in the AI industry."They have a pretty good customer base," said Ray Wang of Constellation Research, which would be attractive for Google, as well as other major software players like Oracle and Adobe.  Ceridian Ceridian CEO David Ossip YouTube screenshot What it does: Cloud human resources management Market cap: $7.8 billionWhy it could be a target: Having a suite of human resources management applications in the cloud has become increasingly important. Trevor White, an analyst with Nucleus Research, says that this is "one area in the tech stack where Microsoft really doesn't compete." He thinks Ceridian would be a logical target."It is not out of the realm of Microsoft spending," he told Business Insider. The company spent over $9 billion on acquisitions last year.  Ayasdi Ayasdi CEO Simon Moss Infosys What it does: Cloud AI and big data analyticsValuation: $455 millionWhy it could be a target:  The Silicon Valley startup offers AI tools to businesses in financial services, health care, the public sector and more. Ayasdi's technology is particularly valuable in risk mitigation, Ray Wang of Constellation Research said. Ayasdi would be a great M&A target for both Microsoft and Google as "they build out their AI and machine learning capabilities," Wang said.  UiPath UIPath CEO Daniel Dines UiPath What it does: Robotic process automationValuation: $7 billionWhat it could be a target: Robotic process automation, which helps businesses automate routine, everyday workplace tasks, has been one of the hottest sectors in tech. UiPath is considered one of the leading players in this space, and potential target for the cloud giants. In fact, Microsoft has long been rumored to be interested in acquiring UiPath. The startup could boost the Power Platform — Microsoft's tools for making simple apps — and bring over more than 400,000 customers, according to Piper Sandler analysts.  Crowdstrike Crowdstrike CEO George Kurtz. CrowdStrike What it does: CybersecurityMarket cap: $13.8 billionWhy it could be a target: Microsoft could buy cybersecurity company Crowdstrike and combine the company's products with its own to provide security to customers of all sizes, from small businesses to large enterprises, according to RBC Capital Markets analysts.RBC predicts that Microsoft could sell the combined security product on its own or as a bundle through the company's Office 365 cloud-based suite of productivity tools. Automation Anywhere Automation Anywhere CEO Mihir Shukla Automation Anywhere What it does: Robotic process automationValuation: $7 billionWhy it could be a target: Automation Anywhere is another hot startup in the robotic process automation space. Many enterprise software vendors are interested in the company, Wang of Constellation Research said. Of the three cloud giants, Microsoft would likely be the msot interested, he said.  Algorithmia Algorithmia CEO Diego Oppenheimer Algorithmia What it does: Cloud AI toolsValuation: $100 millionWhy it could be a target: Algorithmia is a Seattle-based AI startup that makes tools for data science applications and it counts the United Nations among its top customers.Its AI capabilities and customer base would make it an interesting acquisition target for Google or Microsoft, Ray Wang of Constellation Research said.  Cubed Mobile Cubed Mobile cofounder Tzachi Zack. YouTube screenshot What it does: Mobile virtualization technologyValuation: UnknownWhy it could be a target: Cubed Mobile creates a virtual smartphone workplace that allows employees to use their own devices for work. 451 Research analyst Raul Castanon-Martinez said Cubed Mobile could be an interesting acquisition for Microsoft to boosts it communications and collaboration portfolio. Cognitivescale Cogniftivescale CEO Akshay Sabhikhi CognitiveScale What it does: Cloud AI analyticsValuation: $175 millionWhy it could be a target: The Texas-based startup uses AI to help customers manage risk, improve customer engagement, and automate business operations. Cognitivescale would be an attractive target for Google and Microsoft as they expand their AI capabilities, Wang of Constellation Research said. It would also be a good fit for major enterprise software players, such as IBM, SAP and Oracle. Twilio Twilio CEO Jeff Lawson. Twilio What it does: Cloud communication tools Market cap: $15,1 billionWhy it could be a target: Twilio helps developers write apps that can send text messages and make phone calls.Twilio's "growing community of 7 million developers" and "disruptive platform" would make it an attractive acquisition for either Microsoft or Amazon, RBC Capital Markets analysts say.    Zendesk Zendesk CEO Mikkel Svane. Zendesk What it does: Customer service softwareMarket cap: $8.3  billionWhy it could be a target:: Zendesk builds customer relationship management software to help companies with support, sales, and customer engagement. Microsoft could acquire it to boost its Dynamics 365 suite of business applications, according to Piper Sandler.RBC analyst Alex Zukin believes AWS could acquire Zendesk to help with customer support.  Flexport Flexport CEO Ryan Petersen. Flexport What it does: Cloud-based global logistics and supply chainValuation: $3.2 billionWhy it could be a target: Flexport, which has 10,000 customers, is a potential acquisition target for Microsoft to boost the company's artificial intelligence and cloud businesses, according Piper Sandler.Buying Flexport would give Microsoft a "disruptive opportunity to automate logistics workflows via cloud and AI," the firm's analysts said. Zuora Zuora CEO Tien Zuo Zuora What it does:  Cloud subscriptions managementMarket cap: $1.1 billionWhy it could be a target: Zuora's platform makes it easier for businesses to manage subscriptions. The company would be attractive to any of the three cloud giants, said IDC President Crawford Del Prete, as well as other major enterprise software makers, including Oracle. "Being able to help customers move to the subscription economy is something where all of these companies have a significant investment," he told Business Insider.  Deal icon An icon in the shape of a lightning bolt. Keep reading Was this article valuable for you? Yes No Additional comments Email (optional) Receive a selection of our best stories daily based on your reading preferences. Submit Newsletter Get the latest tech news & scoops — delivered daily to your inbox. Loading Something is loading. Email address By clicking ‘Sign up’, you agree to receive marketing emails from Insider as well as other partner offers and accept our Terms of Service and Privacy Policy. SEE ALSO: Oracle is known for making bold M&A moves in a recession and it's sitting on a fresh $20 billion. 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Gap Acquisition And Share Buyback - Business Insider Markets BI Intelligence Events Trending Tech Finance Politics Strategy Life Sports Video All × From To You have successfully emailed the post. Gap Shares Are Surging Matthew Boesler Jan. 3, 2013, 8:56 AM 953 facebook linkedin twitter email print Image: APIt's a busy morning already for Gap investors. Shares are already up more than 5 percent in pre-market trading. The company said same store sales rose 5 percent in December from a year ago, alleviating concerns that retail sales were especially weak this Christmas. Growth figures nearly across the board were favorable compared to last year, per the release: Gap North America: positive 2 percent versus negative 4 percent last year Banana Republic North America: positive 1 percent versus negative 2 percent last year Old Navy North America: positive 13 percent versus negative 4 percent last year International: negative 6 percent versus negative 6 percent last year Gap also announced another $1 billion share buyback. This follows the $1 billion buyback the company completed in the fourth quarter of 2012. Finally, the company announced the acquisition of Intermix – an online high-end women's clothing store – for $130 million in cash. Below is more on the acquisition as detailed in the press release: INTERMIX operates 32 boutiques across North America, along with an e-commerce site, offering a mix of luxury brands including up-and-coming designers for customers seeking elevated fashion. Gap Inc. sees an opportunity to expand INTERMIX’s unique network of stores, as well as add significant visibility and enhancements to its online site. “INTERMIX has a distinctive position in this growing market with clear competitive advantage,” said Glenn Murphy, chairman and CEO of Gap Inc. “Their record of merchandising with a keen eye towards mixing multiple designer labels, complemented with exclusive product, is appealing to their loyal customers. This strategy reflects the strength of their brand vision and leadership team.” This acquisition extends Gap Inc.’s portfolio of brands, building upon the success of the company’s acquisition of Athleta in 2008 and the multi-brand, premium product offering at Piperlime. With Gap Inc.’s guidance over the past four years, Athleta has grown from its origins as a catalog business to expand through a strong e-commerce platform and brick and mortar presence, with about 35 retail stores opened in the past two years. On balance, markets like the news. More: Gap facebook linkedin twitter email print Recommended For You Comments Comments on this post are now closed. Insiders 0 All Comments 0 Apply To Be An "Insider" » Loading Gap Shares Are Surging Gap Shares Are Surging Same-store sales are up. Recommended For You Featured These high-tech classes are the coolest thing happening in schools today More "Future Now" » Neil deGrasse Tyson and Al Gore on the future of our planet — and everything else More "Innovators" » Get Markets Emails & Alerts Sign-Up Learn More » Markets Select 10 Things Before the Opening Bell Markets Chart Of The Day Business Insider Select Monday Scouting Report More Featured Business Insider Select Tech Select Tech Chart Of The Day Markets Chart Of The Day 10 Things Before the Opening Bell Instant MBA Business Insider Events BI Intelligence Daily Finance Finance Select Markets Select Monday Scouting Report Your Money Select Financial Advisor Insights Smart Investor CFO Insider Finance Insider Wealth Advisor Select Strategy Strategy Select Advertising Select Retail Select Careers Select 10 Things You Need To Know In Advertising Politics Politics Select Military Select Life Life Select Transportation Select Education Select Entertainment Select Breaking News Tech Enterprise Select Science Select Mobile Chart Of The Day E-Commerce Chart Of The Day Payments Chart Of The Day Digital Media Chart Of The Day IoT Chart of the Day Fintech Briefing Charts of the Day Sports Chart Of The Day Top 10 Things 10 Things In Tech You Need To Know Closing Bell Sports Sports Latest Research Our 25 Top Tech Predictions The Payments Ecosystem Report The Fintech Ecosystem Report The Internet of Things Report Read Business Insider On The Go Available for iPhone, iPad, and Android Find A Job Tech Jobs C-Level Jobs Media Jobs Design Jobs Finance Jobs Sales Jobs See All Jobs » Thanks to our partners * Copyright © 2016 Business Insider Inc. All rights reserved. Registration on or use of this site constitutes acceptance of our Terms of Service and Privacy Policy. Disclaimer Commerce Policy Stock quotes by finanzen.net Made in NYC International Editions: UKDEAUSIDINMYSGPLSE

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The Final Sign That EA's $400 Million Acquisition, Playfish, Is The Next MySpace http://www.businessinsider.com/the-final-sign-that-eas-400-million-acquisition-playfish-is-the-next-myspace-2012-6/comments en-us Wed, 31 Dec 1969 19:00:00 -0500 Sat, 25 Jun 2016 14:32:10 -0400 Matt Lynley http://www.businessinsider.com/c/4fd17ccc6bb3f7b90e000013 Chris James Fri, 08 Jun 2012 00:17:16 -0400 http://www.businessinsider.com/c/4fd17ccc6bb3f7b90e000013 Terrible knee-jerk article that displays yet another business site's total misunderstanding of E3 and it's place in the games industry. E3 is not the bible of the games business, it's historically a box-product retail show focusing on the hardcore console industry. While the focus is changing slightly as that industry plateaus and declines, it's still the big licenses and big investment that justify (and necessitate) the big stands and promotion. By the logic exercised here the likes of Rovio, Zynga and DeNA must all be on their knees because none of these companies had any significant presence at the show, whilst Sony and Nintendo are the companies in rude health... The other point to make about Playfish is that it is no longer an independent company!!!! It's knowhow, assets and staff have been subsumed into the DNA of EA and are currently informing a range of activity across a host of headline games (FIFA, Sims). I won't even get started on the massive exposure that the considerably more expensively acquired Popcap enjoyed at the show... http://www.businessinsider.com/c/4fd0a00369bedd1a3c000003 Sergio Bustamante II Thu, 07 Jun 2012 08:35:15 -0400 http://www.businessinsider.com/c/4fd0a00369bedd1a3c000003 I have to agree with Raf a bit on this one. The article does seem to be a little dramatic and heavy handed, not to mention it also has a slight tinge of sexism. Just because Ms. Bradshaw spoke and not Mr. Riccitiello should not be considered a slight as the article implies. She's the expert and the leader, why not have her speak? Another good point made in the response is the fact that other studios are going through some of the same things EA/Playfish encountered. How's Disney/Playdom? That was a huge acquisition that you rarely hear anything about these days. I think EA will and does get social. Popcap remains strong for them and Riccitiello seems to be steering EA in a more social/mobile/digital space. That took foresight and a lot of pain I'm sure to restructure. I for one hope the "RIP" label is premature and we can see what Sim City for Facebook does in what still is an evolving space. http://www.businessinsider.com/c/4fcfb96cecad04c141000001 Raf Keustermans Wed, 06 Jun 2012 16:11:24 -0400 http://www.businessinsider.com/c/4fcfb96cecad04c141000001 So this entire article and the rather dramatic 'RIP Playfish' conclusion is based on the fact that not JR but Lucy Bradshaw announced SimCity Social at E3? Really?! Ex Playfish myself, and not their biggest fan, I totally agree they made some big mistakes in the last years and they didn't really deliver what many had hoped, but this is a bit over-the-top, no? Surely there are other social game studios in (much!) worse shape than Pf: Crowdstar? Digital Chocolate? If SimCity Social is a hit they're probably back to #2 after Zynga next month. Strange definition of RIP you have.

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AT&T is acquiring Alltel for $780 millio - Business Insider Tech BI Intelligence Events Trending Tech Finance Politics Strategy Life Sports Video All × From To You have successfully emailed the post. Jan. 22, 2013, 9:16 AM DL 222 facebook linkedin twitter email print AT&T is acquiring Alltel for $780 million. -- DL facebook linkedin twitter email print Recommended For You Comments Comments on this post are now closed. Insiders 0 All Comments 0 Apply To Be An "Insider" » Loading AT&T is acquiring Alltel for $780 millio AT&T is acquiring Alltel for $780 millio AT&T is acquiring Alltel for $780 million. Recommended For You Featured Neil deGrasse Tyson and Al Gore on the future of our planet — and everything else More "Innovators" » My husband and I are business partners who just had our first child — here's how we make it work More "What Matters" » Get Tech Emails & Alerts Sign-Up Learn More » Tech Select Tech Chart Of The Day Business Insider Select 10 Things In Tech You Need To Know Mobile Insights BII Mobile Insights More Featured Business Insider Select Tech Select Tech Chart Of The Day Markets Chart Of The Day 10 Things Before the Opening Bell Instant MBA Business Insider Events BI Intelligence Daily Finance Finance Select Markets Select Monday Scouting Report Your Money Select Financial Advisor Insights Smart Investor CFO Insider Finance Insider Wealth Advisor Select Strategy Strategy Select Advertising Select Retail Select Careers Select 10 Things You Need To Know In Advertising Politics Politics Select Military Select Life Life Select Transportation Select Education Select Entertainment Select Breaking News Tech Enterprise Select Science Select Mobile Chart Of The Day E-Commerce Chart Of The Day Payments Chart Of The Day Digital Media Chart Of The Day IoT Chart of the Day Fintech Briefing Charts of the Day Sports Chart Of The Day Top 10 Things 10 Things In Tech You Need To Know Closing Bell Sports Sports Latest Research Our 25 Top Tech Predictions The Payments Ecosystem Report The Fintech Ecosystem Report The Internet of Things Report Read Business Insider On The Go Available for iPhone, iPad, and Android Find A Job Tech Jobs C-Level Jobs Media Jobs Design Jobs Finance Jobs Sales Jobs See All Jobs » Thanks to our partners * Copyright © 2016 Business Insider Inc. All rights reserved. Registration on or use of this site constitutes acceptance of our Terms of Service and Privacy Policy. Disclaimer Commerce Policy Stock quotes by finanzen.net Made in NYC International Editions: UKDEAUSIDINMYSG

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Gawker Acquires Guanabee - Business Insider Login   Login Username Password Remember me Forgot username or password? 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Email Zip From To Email Sent! You have successfully emailed the post. And Now Nick Denton Will Rule The World Alyson Shontell | Dec. 3, 2012, 5:53 PM | 10,889 | 4 Email More Share on Tumblr Tweet Email Share on Tumblr Michael SetoNick Denton, founder and CEO of GawkerGawker Media, the online-publishing network behind Deadspin and Gizmodo, is making aggressive moves to grow its international business, according to its CEO and founder, Nick Denton. It recently acquired a small site similar to Gawker but focused on the U.S. Hispanic market called Guanabee. Guanabee Media's founder, Daniel Mauser, is already working for Gawker and he'll be running Gizmodo en Español. The goal is to take international revenues from 5% to 20% of the company's total in the next five years. Gizmodo, a site focused on gadgets and tech culture, is Gawker's most popular site, with 9 million monthly unique visitors and 100 million pageviews. About one-third of its traffic is international. In addition, Gawker is launching a native-language site in Hungary, where it has the bulk of its engineering operation. It's also hiring producers for the Budapest office and Denton says he's close to a deal in India with a local partner to expand Gawker's presence there. Gawker has previously relied on partners who have syndicated or translated Gawker content and sold ads locally, like NetMediaEurope and Australia's Allure Media. Denton says the goal of the Guanabee acquisition was to accelerate growth in Latin America and obtain the services of Mauser. Guanabee and Gawker have been longtime advertising partners. Denton didn't say the terms of the deal, only that it wasn't "financially material" to Gawker. Gawker's only previous acquisition, the 2010 deal to buy a New York-focused site, Cityfile, was disappointing. Its founder, Remy Stern, served as Gawker.com's editor-in-chief until he left in late 2011. Cityfile is not active today. But rather than bolster Gawker's New York cred, Denton is chasing what he feels is a big growth opportunity abroad. "About one-third of our traffic is international—and with those sites operated by our partners, that would rise closer to a half," says Denton. 'We see quite a bit of growth coming from international—I'd expect it would quadruple as proportion of total." Gawker Media has 180 employees, 40 whom are international. The network has about 35 million monthly unique visitors and serves up 560 million monthly pageviews.Gawker is the high-brow gossip sheet covering media, entertainment, politics and technology. Recommended For You Please follow SAI on Twitter and Facebook. Follow Alyson Shontell on Twitter. Ask Alyson A Question » Tags: Nick Denton, Gawker, Acquisition | Get Alerts for these topics » Advertisement: Short URL Share: Twitter Facebook Digg StumbleUpon Reddit LinkedIn Google+ Email More about embedding posts » Embed More about Alerts » Alerts Newsletter To embed this post, copy the code below and paste into your website or blog. 600px wide (preview) <iframe src="http://www.businessinsider.com/embed?id=50bd1f386bb3f7367200001b&amp;width=600&amp;height=430" width="600" height="430" border="0" frameborder="0"></iframe> 400px wide (preview) <iframe src="http://www.businessinsider.com/embed?id=50bd1f386bb3f7367200001b&amp;width=400&amp;height=430" width="400" height="430" border="0" frameborder="0"></iframe> 300px wide (preview) <iframe src="http://www.businessinsider.com/embed?id=50bd1f386bb3f7367200001b&amp;width=300&amp;height=430" width="300" height="430" border="0" frameborder="0"></iframe> Blackboard Home » Nick Denton Summary Description Nick Denton is a British journalist and internet entrepreneur, and the founder and proprietor of the blog collective Gawker Media. He previously served as CEO of Moreover Technologies, and was a co-founder of the... More » Recent Posts About Nick Denton Nick Denton Is Resurrecting Valleywag Shake-Up At Gawker: Here's Nick Denton's Email About AJ Daulerio Leaving Nick Denton Is Crushing BuzzFeed And Jonah Peretti Right Now In Gawker's Comments Alyson Shontell Senior Reporter, Business Insider Contact: e-mail: [email protected] Subscribe to her RSS feed | twitter feed Ask Alyson a Question Recent Posts The Fabulous Life Of David ... What's Tough And Awesome Ab... 28 Incredible Things You Ne... Comments on this post are now closed. The Water Cooler Insiders 0   All Comments 4   Apply To Be An "Insider" » Loading Apply To Be An "Insider" » And Now Nick Denton Will Rule The World And Now Nick Denton Will Rule The World The blog impresario's ambitions expand with the acquisition of Guanabee Media. Welcome, ! You are logged into Facebook Social: | Your Activity | These articles have been shared on your timeline. 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Open Road Films Acquires Rights To 'jOBS' After Bidding War Over The Ashton Kutcher Flick - Business Insider Entertainment BI Intelligence Events Trending Tech Finance Politics Strategy Life Sports Video All × From To You have successfully emailed the post. × Open Road Films Acquires Rights To 'jOBS' After Bidding War Over The Ashton Kutcher Flick Lucas Shaw, The Wrap Jan. 3, 2013, 3:04 PM 793 facebook linkedin twitter email print Ashton Kutcher plays Steve Jobs in the upcoming biopic. Sundance Open Road Films has acquired domestic distribution rights to ‘jOBS,” the upcoming Steve Jobs biopic starring Ashton Kutcher as the Apple co-founder. The film will premiere on the closing night of the 2013 Sundance Film Festival, but this deal takes the movie off the table before the public debut. Inferno Entertainment is handling international sales. Deadline Hollywood reported on Wednesday that Open Road was negotiating to acquire the project in a service deal with the producers, who would put money up for P&A. Open Road has not clarified whether that is true, and the release reports the deal as a partnership. The film, written by Matthew Whitley and directed by Joshua Michael Stern, chronicles Jobs from 1971 to 2000. That span covers Apple's initial rise, its fall, Jobs' departure from the company, his founding of NeXT computers, his time at Pixar, and his return to Apple. It concludes before the release of a series of products like the iPhone and iPad that transformed Apple into the world's most prominent technology company. Stern and Whitley paint an intimate portrait of the irascible visionary, and the filmmakers received access to the garage where Jobs, Steve Wozniak and their friends founded Apple. "jOBS is certain to resonate with audiences and we are thrilled to partner with Five Star Feature Films to bring this film to theaters,” Open Road Films CEO Tom Ortenberg said in a statement. Kutcher stars as the eponymous cultural icon and Dermot Mulroney, Josh Gad, J.K. Simmons and Matthew Modine fill out the cast.  "We set out to find the perfect partners to present jOBS to audiences worldwide, and we feel we have found one with Open Road," Mark Hulme, the head of Fvie Star Feature Films and a producer of the film, said in a statement. "They were as impressed as we were with Ashton Kutcher's inspiring and unforgettable performance as Steve Jobs and are excited to distribute the picture in the U.S." Sony is planning its own Jobs biopic, based on Walter Isaacson's critically and commercially successful biography. Aaron Sorkin is adapting the book, though he also remains the showrunner for HBO's "The Newsroom." Read the original article on The Wrap. Copyright 2013. Follow The Wrap on Twitter. More from The Wrap: Donald Trump Denies Inviting Mike Tyson to GOP Convention You Won’t Believe How Sumner Redstone’s Signature Has Deteriorated in a Decade ESPN Has Found Its Replacement for Skip Bayless on ‘First Take,’ Colin Cowherd Claims SEE ALSO: 21 Films You Need To See In 2013 More: Thewrap.com Ashton Kutcher Steve Jobs biography facebook linkedin twitter email print × Recommended For You Powered by Sailthru Comments Comments on this post are now closed. Insiders 0 All Comments 0 Apply To Be An "Insider" » Loading Open Road Films Acquires Rights To 'jOBS' After Bidding War Over The Ashton Kutcher Flick Open Road Films Acquires Rights To 'jOBS' After Bidding War Over The Ashton Kutcher Flick About the late Apple co-founder. 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Google Acquires 3D Desktop Startup BumpTop - Business Insider Tech BI Intelligence Events Trending Tech Finance Politics Strategy Life Sports Video All × From To You have successfully emailed the post. Google Acquires 3D Desktop Startup BumpTop Nick Saint May 2, 2010, 2:51 PM 2,632 4 facebook linkedin twitter email print Google has acquired BumpTop, a startup that designs software that creates a 3D interface for your desktop, the company announced today. Wellington Financial first reported that the deal had probably occurred, and an announcement on the startup's website now confirms it. Google has not yet made an announcement, and it's unclear exactly what Google will use BumpTop's technology for. Google is currently developing an operating system called Chrome. There's also its mobile OS, Android, which could be modified to work on tablets. The acquisition is probably about BumpTop's tech and team, rather than the actual product, which BumpTop says will be discontinued. Google has a huge pile of cash, and has been making small acquisitions at a steady clip for the past few months. More: Media Google Mergers And Acquisitions Big Tech facebook linkedin twitter email print Recommended For You Comments Comments on this post are now closed. Insiders 0 All Comments 4 Apply To Be An "Insider" » Loading Google Acquires 3D Desktop Startup BumpTop Google Acquires 3D Desktop Startup BumpTop The shopping spree continues. Recommended For You Featured These high-tech classes are the coolest thing happening in schools today More "Future Now" » Neil deGrasse Tyson and Al Gore on the future of our planet — and everything else More "Innovators" » Get Tech Emails & Alerts Sign-Up Learn More » Tech Select Tech Chart Of The Day Business Insider Select 10 Things In Tech You Need To Know Mobile Insights BII Mobile Insights More Featured Business Insider Select Tech Select Tech Chart Of The Day Markets Chart Of The Day 10 Things Before the Opening Bell Instant MBA Business Insider Events BI Intelligence Daily Finance Finance Select Markets Select Monday Scouting Report Your Money Select Financial Advisor Insights Smart Investor CFO Insider Finance Insider Wealth Advisor Select Strategy Strategy Select Advertising Select Retail Select Careers Select 10 Things You Need To Know In Advertising Politics Politics Select Military Select Life Life Select Transportation Select Education Select Entertainment Select Breaking News Tech Enterprise Select Science Select Mobile Chart Of The Day E-Commerce Chart Of The Day Payments Chart Of The Day Digital Media Chart Of The Day IoT Chart of the Day Fintech Briefing Charts of the Day Sports Chart Of The Day Top 10 Things 10 Things In Tech You Need To Know Closing Bell Sports Sports Latest Research Our 25 Top Tech Predictions The Payments Ecosystem Report The Fintech Ecosystem Report The Internet of Things Report Read Business Insider On The Go Available for iPhone, iPad, and Android Find A Job Tech Jobs C-Level Jobs Media Jobs Design Jobs Finance Jobs Sales Jobs See All Jobs » Thanks to our partners * Copyright © 2016 Business Insider Inc. All rights reserved. Registration on or use of this site constitutes acceptance of our Terms of Service and Privacy Policy. Disclaimer Commerce Policy Made in NYC Stock quotes by finanzen.net International Editions: UKDEAUSIDINMYSGPLSE

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Larry And Sergey Didn't Always Tell Eric Schmidt About Google's Acquisitions - Business Insider Tech BI Intelligence Events Trending Tech Finance Politics Strategy Life Sports Video All Continue to Business Insider » You will be redirected in seconds. × From To You have successfully emailed the post. Larry And Sergey Didn't Always Tell Eric Schmidt About Google's Acquisitions Nicholas Carlson Jan. 20, 2011, 5:20 PM 5,335 3 facebook linkedin twitter email print One important thing everyone should understand about today's news that Google CEO Eric Schmidt is stepping down is that it won't necessarily be much of a change over at Google. It certainly won't change the way Google does acquisitions. Back in 2009, Google CEO Eric Schmidt confessed at a press conference in New York that he didn't know his company acquired Keyhole -- now known as Google Earth -- until after the fact. The same went for Android. "One day Larry and Sergey bought Android, and I didn’t even notice," Schmidt said.  "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." Over the next couple days, many people will say the Android acquisition – and the mobile platform subsequent growth – are one of the great successes of Schmidt's tenure as CEO. Little do they know. More: Online Big Tech Google Mergers And Acquisitions facebook linkedin twitter email print Recommended For You Comments Comments on this post are now closed. Insiders 0 All Comments 3 Apply To Be An "Insider" » Loading Larry And Sergey Didn't Always Tell Eric Schmidt About Google's Acquisitions Larry And Sergey Didn't Always Tell Eric Schmidt About Google's Acquisitions "One day Larry and Sergey bought Android, and I didn’t even notice." Recommended For You Featured How data is saving the retail industry More "Digital Business Decoded" » 3 types of insurance that can protect your family for years to come More "World 2.0" » Get Tech Emails & Alerts Sign-Up Learn More » Tech Select Tech Chart Of The Day Business Insider Select 10 Things In Tech You Need To Know Mobile Insights BII Mobile Insights More Featured Business Insider Select Tech Select Tech Chart Of The Day Markets Chart Of The Day 10 Things Before the Opening Bell Instant MBA Business Insider Events BI Intelligence Daily Finance Finance Select Markets Select Monday Scouting Report Your Money Select Financial Advisor Insights Smart Investor CFO Insider Prime Finance Strategy Strategy Select Advertising Select Retail Select Careers Select null Politics Politics Select Military Select Life Life Select Transportation Select Education Select Entertainment Select null Tech Enterprise Select Science Select Mobile Chart Of The Day E-Commerce Chart Of The Day Payments Chart Of The Day Digital Media Chart Of The Day IoT Chart of the Day Charts of the Day Sports Chart Of The Day Top 10 Things 10 Things In Tech You Need To Know Closing Bell Sports Sports Latest Deals The Thanksgiving Store Countdown to Black Friday - Deals of the Week The Trendsetter Gift Guide Holiday Central Latest Research FREE: Mobile Payments - Everything You Need to Know The Messaging App Report The Internet of Things 2015 Report The Digital Disruption of Retail Banking Read Business Insider On The Go Available for iPhone, iPad, and Android Find A Job Tech Jobs C-Level Jobs Media Jobs Design Jobs Finance Jobs Sales Jobs See All Jobs » Thanks to our partners * Copyright © 2015 Business Insider Inc. All rights reserved. Registration on or use of this site constitutes acceptance of our Terms of Service and Privacy Policy. Disclaimer Commerce Policy Powered by MongoDB Stock quotes by finanzen.net Made in NYC International Editions: UKDEAUSIDINMYSG

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Nike Acquires RTFKT As It Accelerates Metaverse Play Menu icon A vertical stack of three evenly spaced horizontal lines. Search icon A magnifying glass. It indicates, "Click to perform a search". Insider logo The word "Insider". 0 Newsletters Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. Log in Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. 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H M S In the news Close icon Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification. Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. HOMEPAGE 0 Newsletters Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. Log in Subscribe Subscribe Home Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. Retail Nike just acquired a virtual goods company as it accelerates its metaverse play Matthew Kish 2021-12-14T15:32:36Z Save Article Icon A bookmark Facebook Icon The letter F. Email icon An envelope. It indicates the ability to send an email. Share icon An curved arrow pointing right. Twitter icon A stylized bird with an open mouth, tweeting. Twitter LinkedIn icon The word "in". LinkedIn Fliboard icon A stylized letter F. Flipboard Link icon An image of a chain link. It symobilizes a website link url. Copy Link Download the app Nike, Jordan, Converse, and RTFKT logos Nike Nike on Monday said it acquired RTFKT, an "influential" company that makes digital sneakers. Business Insider previously reported on Nike's extensive efforts to capitalize on the metaverse. Terms of the deal weren't disclosed. RTFKT was recently valued at $33 million. Listen to The Refresh: Insider's real-time news brief. Nike on Monday announced the acquisition of RTFKT, a company that makes digital sneakers, the latest sign that the sportswear giant sees enormous financial potential in the new immersive reality unknown as the metaverse.Terms of the deal weren't disclosed. Business Insider recently reported on Nike's extensive metaverse efforts, which also include video games and the creation of a Metaverse Studio. While Nike is building capabilities in-house, the RTFKT acquisition could speed up that work given RTFKT's advanced position when it comes to digital collectibles that can be inserted in virtual worlds and video games. In a note to investors, Stifel analyst Jim Duffy said the acquisition could "accelerate the long-anticipated launch of CryptoKicks," or Nike virtual sneakers.  RTFKT, which launched in 2020, currently has 15 employees and has raised $9.42 million from investors, according to PitchBook. The company was valued at $33 million in May. Its fundraising included an $8.12 million seed round led by Andreessen Horowitz, according to PitchBook. While less than two years old, RTFKT had already made a splash, including landing on CNBC's "Squawk Alley" in March after it said it sold $3.1 million in digital sneakers in 7 minutes. It also did a collaboration with celebrated sneaker designer Jeff Staple and another with the noted Japanese artist Takashi Murakami that's generated $65 million in transactions in less than three weeks. On Twitter, sneaker analyst Chris Burns described RTFKT as "influential." But Nike still hasn't won over critics who question the value of digital sneakers, especially for a company that's historically focused on meeting the needs of elite athletes.  "The company that does marketing better than any company in human history is about to start marketing things that no one needs and that have a (more or less) 100 percent profit margin," wrote longtime sneaker journalist Russ Bengtson on Twitter. Nike has made six acquisitions since 2018, according to PitchBook. Each company has been focused on the digital side of retail, including companies that do work around machine learning, predictive analytics, and digital shopping. Nike's current business plan, which it calls the Consumer Direct Acceleration, revolves around digital and direct sales.If you're an Insider subscriber, you can read the full story on Nike's metaverse play here. Sign up for notifications from Insider! Stay up to date with what you want to know. Subscribe to push notifications NOW WATCH: More: Teaser Nike Metaverse Facebook Sneakers Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. Close icon Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification. Recommended Video Follow us on: * Copyright © 2022 Insider Inc. All rights reserved. Registration on or use of this site constitutes acceptance of our Terms of Service ,  Privacy Policy and Cookies Policy . 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Teens Say Amazon Is Their Preferred Shopping Site — Etsy Goes Public — Foursquare's Data Makes It an Acquisition Target Menu icon A vertical stack of three evenly spaced horizontal lines. Search icon A magnifying glass. It indicates, "Click to perform a search". Insider logo The word "Insider". 0 Newsletters Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. Log in Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. 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H M S In the news Close icon Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification. Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. HOMEPAGE 0 Newsletters Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. Log in Subscribe Subscribe Home Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. Insider Intelligence Teens say Amazon is their preferred shopping site — Etsy goes public — Foursquare's data makes it an acquisition target Cooper Smith 2015-04-17T11:00:00Z Save Article Icon A bookmark Facebook Icon The letter F. Email icon An envelope. It indicates the ability to send an email. Share icon An curved arrow pointing right. Twitter icon A stylized bird with an open mouth, tweeting. Twitter LinkedIn icon The word "in". LinkedIn Fliboard icon A stylized letter F. Flipboard Link icon An image of a chain link. It symobilizes a website link url. Copy Link Download the app Good morning! E-COMMERCE INSIDER is delivered first thing every morning exclusively to BI Intelligence members and INSIDER subscribers.Have feedback? We'd like to hear from you. Write me at: [email protected] FLOCKING TO AMAZON: Amazon is becoming an increasingly popular shopping destination for US teens, according to the latest survey conducted by Piper Jaffray. Nearly half of American teen boys say that Amazon is currently their "preferred shopping site." That's up from one-third who said so in Spring 2014. Meanwhile, one-fourth of teen girls say that Amazon is their preferred shopping site, which has been consistent over the past few years. Only 5% of American teen boys say that eBay is their No. 1 shopping site, which is down from 8% in Spring 2014. Similarly, just 4% of teen girls say eBay is their preferred e-commerce site, which is the same percentage who said so last year. Aside from targeting teens with marketing and advertising initiatives, Amazon is offering more and more services that are likely drawing in teens. For example, Amazon's Prime Instant Video service lets consumers stream movies and TV shows on PCs and mobile devices — a trend that's particularly popular among younger age demographics. More than 60% of US teens say they use download/ streaming services to watch movies, up from 46% in Spring 2013, according to Piper Jaffray.   BI Intelligence ETSY IS NOW A PUBLIC COMPANY: Online crafts marketplace Etsy made its debut on the Nasdaq stock exchange yesterday. The company raised $287 million in its IPO, valuing Etsy at $3.5 billion. Now that Etsy is a public company, we take a close look under the hood at its performance:  Etsy's customers are incredibly loyal shoppers. Three of every four dollars spent on Etsy comes from repeat buyers. Total sales volume is much smaller than competing marketplaces. Nearly $2 billion worth of merchandise was sold on Etsy last year, but compare that to eBay which sold $83 billion worth. But Etsy is growing much faster than its competitors. Sales volume grew 43% last year, compared to eBay whose volume increased 9% and the e-commerce industry at large which grew 16%. Etsy's growth is particularly impressive given that Etsy isn't a new platform; it's been around since 2005.Mobile is a major sales channel for Etsy. More than one-third of its sales are coming from mobile shoppers.  BI Intelligence WHY  FOURSQUARE IS AN ATTRACTIVE ACQUISITION TARGET: A Techcrunch report based on anonymous sources, which was later second-guessed by other publications, said Yahoo is in talks to purchase location-data company Foursquare for $900 million. Such a deal would not be a fusion of equals in audience terms: Foursquare has 50 million monthly active users across its two main apps, while Yahoo has ~1 billion across all its properties. But, as we wrote last week, Foursquare has become more of a data platform than an audience play, and that's why Foursquare is an interesting target. Yahoo and others (including Twitter and AOL) need to better differentiate themselves as web- and mobile-advertising platforms, and location data is one way to do so. Facebook already offers the most depth in social data, while Google and Amazon have search and purchase-intent data. Foursquare's location data could help an ad-focused publisher like Yahoo set itself apart in marketers' eyes. Internet companies now want to power advertising across the web and mobile apps, not just on their own properties. Yahoo has taken steps in this direction with the acquisition of Flurry (mobile analytics and mobile ad network), and pushing "Yahoo Recommends" native ads across the web. With Foursquare, Yahoo (or another company) could help advertisers target based on location and demographics. Foursquare has launched an ad platform, called "Pinpoint," promising to do just that. Foursquare has reach in mobile-first emerging markets. Foursquare has seen strong growth in overseas markets including Russia, Mexico, and Turkey. These are areas where Foursquare's user base would be a good complement to other companies' reach. QUICK-SERVICE RESTAURANT UPGRADES TERMINALS WITH SECURITY, COMPLIANCE IN MIND: Long John Silver's, the nationwide seafood quick-service restaurant (QSR), has decided to upgrade its POS systems at all of its nearly 600 restaurant locations in the US. The chain will use one of Ingenico's payment terminals that comes equipped with EMV and NFC capabilities, along with point-to-point encryption (P2PE) capability. The chain has not announced any mobile wallet partners as of now, however, it's worth noting that Apple Pay payments could be accepted at these terminals. The main purpose of the upgrades is to meet the liability shift associated with EMV, therefore, it's safe to say that the implementation will occur sometime before October 2015.Long John Silver's upgraded their terminals for two key reasons:Better security: Long John Silver's wanted to "provide bulletproof security" by implementing P2PE, which encrypts card data as it enters the terminal, and keeps the data encrypted throughout the merchant's payment environment. By never revealing the payment information in clear text, the restaurant greatly reduces the incentive for data theft. PCI Compliance pressures: The new terminals will also help the restaurant avoid "increasingly complex PCI requirements." While PCI compliance is becoming more complex as a result of increasing fraud pressures, merchants that implement P2PE solutions for securing card data can reduce the scope of compliance. Currently, only 20% of merchants are fully PCI compliant at the point of interim assessment, according to a Verizon Enterprise Solution report.Principal Analyst Marcelo Ballve and Research Associate Evan Bakker contributed to this briefing.Here's what else BI Intelligence subscribers are reading...Mobile is the primary growth vehicle for CPG e-commerceHere's how many people bought something from Amazon, Alibaba, and other top e-commerce marketplaces last yearSubscription e-commerce services are becoming major distributors of health and personal care productsLog in or sign up for a BI Intelligence full membership to get access to the above. Sign up for notifications from Insider! Stay up to date with what you want to know. Subscribe to push notifications Deal icon An icon in the shape of a lightning bolt. Keep reading Newsletter Get a daily newsletter packed with stats about trends affecting your industry. Sign up for Chart of the Day. Loading Something is loading. 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Gaming Media Company Azerion to Acquire Adtech Firm Sublime Menu icon A vertical stack of three evenly spaced horizontal lines. Search icon A magnifying glass. It indicates, "Click to perform a search". Insider logo The word "Insider". 0 Newsletters Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. Log in Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. 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HOMEPAGE 0 Newsletters Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. Log in Subscribe Premium Home Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. Advertising Gaming-media company Azerion is acquiring digital-ads firm Sublime as Apple's new privacy rules speed up consolidation across mobile games and adtech Lara O'Reilly 2021-09-03T11:11:08Z Save Article Icon A bookmark Facebook Icon The letter F. Email icon An envelope. It indicates the ability to send an email. Share icon An curved arrow pointing right. Twitter icon A stylized bird with an open mouth, tweeting. Twitter LinkedIn icon The word "in". LinkedIn Fliboard icon A stylized letter F. Flipboard Facebook Icon The letter F. Facebook Email icon An envelope. It indicates the ability to send an email. Email Link icon An image of a chain link. It symobilizes a website link url. Copy Link Download the app Azerion founders and co-CEOs Atilla Aytekin and Umut Akpinar. Azerion This story is available exclusively to Insider subscribers. Become an Insider and start reading now. Redeem now European gaming company Azerion said Friday it had acquired adtech firm Sublime. Terms of the deal were not disclosed. Sublime had raised around $6 million in funding. It's the latest sign of a rush in consolidation between mobile gaming and adtech firms. Netherlands-based gaming-media company Azerion said Friday it has acquired French digital-ads firm Sublime, in the latest sign that Apple's recent privacy changes are speeding up consolidation in the mobile gaming and adtech space.Terms of the deal were not disclosed.Founded in 2015, Azerion, which has a focus on the European market, has undergone a rapid expansion over the past year— largely through acquisitions.The company raised €200 million ($237 million) through a bond issuance on Nasdaq Stockholm to fund such deals. Recent acquisitions include Swedish adtech company Keymobile, Swedish ad firm Strossle, and German social games developer WHOW Games. Azerion also acquired Habbo Hotel developer Sulake earlier in the year. The company employs around 950 people and says it generated €196 million ($233 million) in revenue in 2020.Azerion Cofounder and Co-CEO Atilla Aytekin told Insider that the current dynamics of the mobile advertising market, where companies in the space are contending with stricter privacy regulations and platforms tightening the screws on ad tracking, are driving increased consolidation between content companies and the adtech that monetizes them.Apple's April privacy changes, which significantly limit how users can be tracked between different apps and ad networks, has led to an uptick in M&A from gaming studios looking to expand their portfolio of apps and build their own ad capabilities in-house. Notable recent deals have included mobile game giant Zynga acquiring Chartboost for $250 million in May; Blackstone-backed Vungle buying GameRefinery and Algolift; and publicly traded mobile-media company Digital Turbine acquiring mobile ad firms AdColony, Triapodi, and Fyber."The dynamic of this market is tech consolidation, where you combine forces to be much stronger," said Aytekin.An integrated content strategy is also important to boost a gaming company's appeal with advertisers, he added. "Now you have first-party data and your users are your direct customers," Aytekin said.Azerion is also on the hunt for further acquisitions in the content and adtech space as the company seeks to become, according to Aytekin, "the dominant champion in the offering of advertising in Europe."Sublime, previously known as Sublime Skinz, specializes in offering interactive mobile ad formats. The 9-year-old company has around 100 employees and generated €25 million ($30 million) in revenue last year, according to an Azerion spokesperson. Sublime had raised €5 million ($6 million) in funding. Sign up for notifications from Insider! Stay up to date with what you want to know. Subscribe to push notifications Deal icon An icon in the shape of a lightning bolt. Keep reading Was this article valuable for you? Yes No Additional comments Email (optional) Receive a selection of our best stories daily based on your reading preferences. Submit NOW WATCH: WATCH: How advertisers can navigate the death of third-party cookies, according to execs from Mars Petcare, R/GA, The Washington Post, and The Trade Desk More: Azerion Sublime m&a Ad Tech Mobile Gaming Media Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. Deal icon An icon in the shape of a lightning bolt. For you Follow us on: * Copyright © 2022 Insider Inc. 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CHART OF THE DAY: Facebook's $1 Billion Instagram Acquisition in Context Jump to Main content Search Account Menu icon A vertical stack of three evenly spaced horizontal lines. Search icon A magnifying glass. It indicates, "Click to perform a search". Insider logo The word "Insider". 0 Newsletters Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. Log in Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. Subscribe Business Tech Finance Markets Strategy Retail Advertising Healthcare Premium Life Entertainment Culture Travel Food Health Parenting Beauty Style News Politics Military & Defense Sports Opinion Reviews Tech Streaming Home Kitchen Style Beauty Gifts Deals Pets Parenting Coupons Health Learning Hobbies & Crafts Travel Video All A-Z Advertising Business Careers Coupons DoorDash Walmart Dell Staples Under Armour Culture Design Entertainment Executive Lifestyle Finance Food Health Healthcare Intelligence Latest Life Markets Insider Media Military & Defense News Opinion People Personal Finance Banking Credit Cards Insurance Investing Loans Mortgages Politics Premium Retail Reviews Science Sports Strategy Tech Transportation Travel Featured Talent Insider About About Advertise Careers Code of Ethics Contact Us Corporate Corrections Policy Follow RSS Sitemap Facebook Twitter Instagram YouTube LinkedIn Subscriptions Intelligence Premium US Markets Loading... H M S In the news Close icon Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification. Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. HOMEPAGE 0 Newsletters Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. Log in Subscribe Home Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. Tech CHART OF THE DAY: Instagram's $1 Billion Sale In Context Jay Yarow 2012-04-09T20:58:00Z Save Article Icon A bookmark Facebook Icon The letter F. Email icon An envelope. It indicates the ability to send an email. Share icon An curved arrow pointing right. Twitter icon A stylized bird with an open mouth, tweeting. Twitter LinkedIn icon The word "in". LinkedIn Fliboard icon A stylized letter F. Flipboard Facebook Icon The letter F. Facebook Email icon An envelope. It indicates the ability to send an email. Email Link icon An image of a chain link. It symobilizes a website link url. Copy Link Read in app Redeem now How big was Facebook's decision to buy Instagram for $1 billion? This big. Below, you can see the acquisition prices for photo sites going back 15 years. We got the data from Alexia Tsotsis at TechCrunch and added Instagram. Sign up for notifications from Insider! Stay up to date with what you want to know. Subscribe to push notifications Read next Newsletter Insider recommends waking up with Morning Brew, a daily newsletter. Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed while you're on the go. download the app Email address By clicking “Sign Up,” you also agree to marketing emails from both Insider and Morning Brew; and you accept Insider’s Terms and Privacy Policy. Click here for Morning Brew’s privacy policy. Instagram Facebook Chart Of The Day Close icon Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification. Recommended Video Follow us on: * Copyright © 2023 Insider Inc. All rights reserved. Registration on or use of this site constitutes acceptance of our Terms of Service and Privacy Policy. Contact Us Masthead Sitemap Disclaimer Accessibility Commerce Policy Advertising Policies Coupons Made in NYC Jobs @ Insider Stock quotes by finanzen.net Reprints & Permissions Your Privacy Choices International Editions: United States US International INTL Asia AS Deutschland & Österreich AT Deutschland DE España ES India IN Japan JP México MX Netherlands NL Polska PL

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Dell Acquires EMC, VMware Menu icon A vertical stack of three evenly spaced horizontal lines. Search icon A magnifying glass. It indicates, "Click to perform a search". Insider logo The word "Insider". 0 Newsletters Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. Log in Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. Subscribe Subscribe Business The word Business Life The word Life News The word News Reviews The word Reviews Business Tech Finance Markets Strategy Retail Advertising Healthcare Intelligence Life Entertainment Culture Travel Food Health Parenting Beauty Style News Politics Military & Defense Sports Opinion Reviews Tech Streaming Home Kitchen Style Beauty Gifts Deals Pets Parenting Coupons Health Learning Hobbies & Crafts Travel All A-Z Advertising Business Careers Coupons DoorDash Walmart Dell Staples Under Armour Culture Design Entertainment Executive Lifestyle Finance Food Health Healthcare Intelligence Latest Life Markets Insider Media Military & Defense News Opinion People Personal Finance Banking Credit Cards Insurance Investing Loans Mortgages Politics Premium Retail Reviews Science Sports Strategy Tech Transportation Travel TV Beauty Explorers Best in Town Bonkers Closets Festival Foodies Movies Insider Pop Culture Decoded The Making Of The Ultimate List Featured Better Capitalism Cities Connected Insider TV Master Your Money Next Stop Sustainable Finance Transforming Business About About Advertise Careers Contact Us Corporate Corrections Policy Follow RSS Sitemap Facebook Twitter Instagram YouTube LinkedIn Subscriptions Intelligence Premium US Markets Loading... H M S In the news Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. HOMEPAGE 0 Newsletters Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. Log in Subscribe Subscribe Premium Home Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. Enterprise IT'S OFFICIAL: Dell just bought EMC in the biggest tech merger ever Matt Weinberger 2015-10-12T11:08:32Z Save Article Icon A bookmark Facebook Icon The letter F. Email icon An envelope. It indicates the ability to send an email. Share icon An curved arrow pointing right. Twitter icon A stylized bird with an open mouth, tweeting. Twitter LinkedIn icon The word "in". LinkedIn Fliboard icon A stylized letter F. Flipboard Link icon An image of a chain link. It symobilizes a website link url. Copy Link Download the app This story is available exclusively to Insider subscribers. Become an Insider and start reading now. EMC CEO Joe Tucci. EMC Dell is buying EMC, a $50 billion publicly traded IT giant, for around $67 billion in the tech industry's biggest merger ever.According to the press release, the deal looks like this:Under the terms of the agreement, EMC shareholders will receive $24.05 per share in cash in addition to tracking stock linked to a portion of EMC’s economic interest in the VMware business. The tracking stock is valued at around $9 for each share of EMC. Here is the official release from Dell (or you can scroll down for the full text). News of the deal first leaked last week. It's not just big — it's actually twice as big as the previous largest tech-only deal, the Compaq-HP deal, valued at $33.4 billion. (The Time Warner-AOL deal was larger, but TW wasn't regarded as a tech company at the time.) Dell actually added $50 billion to its overall debt to finance this deal, Bloomberg reports.A complicated mergerThe merger will be complex and costly to execute, given the sheer size and scope of both companies. But the payoff could mean that Dell gets a broader enterprise business, while EMC gets some breathing room after its recent troubles.Dell, EMC, and VMware — which specializes in a technology called virtualization that helps companies make their data centers more efficient — have all been facing pressure from cloud services such as Amazon Web Services, which lets customers outsource their data-crunching and data-storage needs to one of the e-retail giant's hugely efficient data centers. Dell CEO Michael Dell. Tony Avelar/AP Images for Dell Inc. In addition, Dell has reportedly been hit hard by the sagging PC market, threatening its PC-manufacturing business.For its part, EMC has fallen on some hard times. Free software like Hadoop, which can be run on commodity servers, has seriously affected EMC's storage and data-processing businesses, as it removes the need for customers to buy often-pricey software and hardware products.EMC reportedly began a strategic review to explore various options last year. And over the summer, EMC vowed to cut $850 million in expenses, prompting employees to start bracing themselves for mass layoffs.Plus, longtime EMC CEO Joe Tucci was slated to retire in February 2015, but that didn't happen. He has made no secret of the fact that he's searching for his replacement. With the merger, that problem goes away.The full text of the official statement:Michael S. Dell, MSD Partners and Silver Lake Lead Transaction to Combine Dell and EMC, Creating Premier End-to-End Technology CompanyDate : 10/12/2015Brings together the industry’s leading innovators in digital transformation, software-defined data center, hybrid cloud, converged infrastructure, mobile and securityEMC stockholders to receive approximately $33.15 per share (based on the assumptions described below) in a combination of cash as well as tracking stock linked to a portion of EMC’s economic interest in the VMware businessVMware to remain an independent, publicly-traded companyDell Inc. and EMC Corporation today announced they have signed a definitive agreement under which Dell, together with its owners, Michael S. Dell, founder, chairman and chief executive officer of Dell, MSD Partners and Silver Lake, the global leader in technology investing, will acquire EMC Corporation, while maintaining VMware as a publicly-traded company.Under the terms of the agreement, EMC shareholders will receive $24.05 per share in cash in addition to tracking stock linked to a portion of EMC’s economic interest in the VMware business. Based on the estimated number of EMC shares outstanding at the close of the transaction, EMC shareholders are expected to receive approximately 0.111 shares of new tracking stock for each EMC share. Assuming, for illustrative purposes, a valuation for each share of tracking stock of $81.78, the intraday volume-weighted average price for VMware on Wednesday, October 7, 2015, EMC shareholders would receive a total combined consideration of $33.15 per EMC share and the total transaction would be valued at approximately $67 billion. The value of the tracking stock may vary from the market price of VMware given the different characteristics and rights of the two stocks.The EMC Board of Directors approved the merger agreement and intends to recommend that stockholders of EMC approve the agreement.DELIVERING FUTURE-READY TECHNOLOGIES TO CUSTOMERSThe combination of Dell and EMC will create the world’s largest privately-controlled, integrated technology company. The company will be a leader in the extremely attractive high-growth areas of the $2 trillion information technology market with complementary product portfolios, sales teams and R&D investment strategies. The transaction combines two of the world’s greatest technology franchises with leadership positions in servers, storage, virtualization and PCs and it brings together strong capabilities in the fastest growing areas of the industry, including digital transformation, software-defined data center, hybrid cloud, converged infrastructure, mobile and security.Since becoming a private company, Dell has had the flexibility and agility to focus completely on customers and invest for long-term results. The transaction will unite Dell’s strength with small business and mid-market customers with EMC’s strength with large enterprises to fuel profitable growth and generate significant cash flows. The combined company will consist of strategically-aligned businesses and incubated high-growth assets, fostering innovation, enabling customer choice and attracting and retaining world-class talent .“The combination of Dell and EMC creates an enterprise solutions powerhouse bringing our customers industry leading innovation across their entire technology environment. Our new company will be exceptionally well-positioned for growth in the most strategic areas of next generation IT including digital transformation, software-defined data center, converged infrastructure, hybrid cloud, mobile and security,” said Mr. Dell. “Our investments in R&D and innovation along with our privately-controlled structure will give us unmatched scale, strength and flexibility, deepening our relationships with customers of all sizes. I am incredibly excited to partner with the EMC, VMware, Pivotal, VCE, RSA and Virtustream teams and am personally committed to the success of our new company, our customers and partners.”“I’m tremendously proud of everything we’ve built at EMC – from humble beginnings as a Boston-based startup to a global, world-class technology company with an unyielding dedication to our customers,” said Joe Tucci, chairman and chief executive officer of EMC. “But the waves of change we now see in our industry are unprecedented and, to navigate this change, we must create a new company for a new era. I truly believe that the combination of EMC and Dell will prove to be a winning combination for our customers, employees, partners and shareholders.”"We are excited and honored to invest in the outstanding businesses built by Joe Tucci and his world-class management team. This is an extraordinary opportunity to continue and expand our partnership with the iconic technology entrepreneur Michael Dell and his talented team,” said Egon Durban, managing partner of Silver Lake. “We believe the strategic integration of EMC and Dell will generate unparalleled depth and breadth across servers, storage, virtualization and the next era of converged infrastructure, creating a global technology platform poised for sustained long term growth and innovation in the years to come. We are doubling down and increasing our investment in this differentiated market leader for the next paradigm of enterprise computing.”VMware will remain a publicly-traded company and continue to provide customers value through leading software- defined data center technology, together with its cloud, mobile and desktop offerings. This transaction is expected to accelerate VMware’s growth across all of its businesses through significant synergies with Dell’s solutions and go-to-market channels. VMware remains committed to investing in and partnering with its strong, industry ecosystem.TRANSACTION TERMSThe transaction is expected to be financed through a combination of new common equity from Michael S. Dell, MSD Partners, Silver Lake and Temasek, the issuance of tracking stock, as well as new debt financing and cash on hand. There are no financing conditions to the closing of the transaction.Mr. Dell and related stockholders will own approximately 70 percent of the company’s common equity, excluding the tracking stock, similar to their pre-transaction ownership.Following completion of the transaction, Mr. Dell will lead the combined company as chairman and chief executive officer. Mr. Tucci will continue as chairman and chief executive officer of EMC until the transaction closes. Dell’s headquarters will remain in Round Rock, Texas, and the headquarters of the combined enterprise systems business will be located in Hopkinton, Mass.Historically, Dell and EMC have maintained conservative financial policies, and have strong track records of cash flow generation and debt reduction. The transaction is expected to have a neutral to positive impact on Dell’s current corporate credit ratings. The combined company will focus on rapidly de-levering in the first 18 to 24 months following the closing of the transaction, and on achieving and maintaining investment grade debt ratings.In connection with the financing of the transaction and prior to or at the time of its closing, Dell expects to redeem any outstanding 5.625% Senior First Lien Notes due 2020.The transaction is subject to customary conditions, including receipt of required regulatory and EMC stockholder approvals. The transaction is expected to close in the second or third quarter of Dell’s fiscal year ending February 3, 2017 (within the months of May to October 2016).For further information regarding all terms and conditions contained in the definitive merger agreement, please see EMC’s Current Report on Form 8-K, which will be filed in connection with this transaction.Morgan Stanley & CO LLC is acting as lead financial advisor to EMC and provided a fairness opinion to EMC’s Board of Directors. Evercore Partners also provided a fairness opinion to EMC’s Board of Directors, and Needham and Company provided financial assistance to EMC. Skadden, Arps, Slate, Meagher & Flom LLP is acting as legal advisor to EMC. J.P. Morgan is acting as lead financial advisor to Dell and Silver Lake. Credit Suisse and J.P. Morgan (in alphabetical order) are acting as global financing coordinators. Barclays, BofA Merrill Lynch, Citi, Credit Suisse, Deutsche Bank Securities Inc., affiliates of Goldman, Sachs & Co., J.P. Morgan, and RBC Capital Markets (in alphabetical order) are acting as financial advisors and are providing debt financing to Dell. Simpson Thacher & Bartlett LLP is acting as legal advisor to Dell and Silver Lake. Wachtell, Lipton, Rosen & Katz is acting as legal advisor to Michael Dell and MSD Partners.EMC and VMware will host a joint conference call with investors on October 12, 2015 at 7:45 am Eastern Time to discuss this transaction. The call will be webcast at www.EMC.com/investor. A replay will also be available at www.EMC.com/investor.Dell and EMC will host a conference call with media and industry analysts today at 8:45 a.m. Eastern Time. The call will be webcast at https://engage.vevent.com/rt/dellincorporatedao~101215. Sign up for notifications from Insider! Stay up to date with what you want to know. 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Marijuana Firm TILT Acquires Vape Company Jupiter Research for $210 Million Menu icon A vertical stack of three evenly spaced horizontal lines. Search icon A magnifying glass. It indicates, "Click to perform a search". Insider logo The word "Insider". 0 Newsletters Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. Log in Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. 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HOMEPAGE 0 Newsletters Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. Log in Subscribe Premium Home Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. Finance Marijuana M&A is already hot in 2019, with a pot tech-vape tie-up worth $210 million Jeremy Berke 2019-01-03T23:00:43Z Save Article Icon A bookmark Facebook Icon The letter F. Email icon An envelope. It indicates the ability to send an email. Share icon An curved arrow pointing right. Twitter icon A stylized bird with an open mouth, tweeting. Twitter LinkedIn icon The word "in". LinkedIn Fliboard icon A stylized letter F. Flipboard Facebook Icon The letter F. Facebook Email icon An envelope. It indicates the ability to send an email. Email Link icon An image of a chain link. It symobilizes a website link url. Copy Link Download the app Jupiter Research's vaporizer pens. Courtesy of inkhouse This story is available exclusively to Insider subscribers. Become an Insider and start reading now. Redeem now TILT Holdings, a publicly-traded marijuana company, said it is buying vaporizer company Jupiter Research for $210 million in cash and stock.The acquisition allows TILT to go after a new category — and one that represents "exponential growth" TILT executive Joel Milton said in an interview with Business Insider.TILT was created out of a four-way merger in May and went public on the Canadian Securities Exchange in December. It's 2019, and the marijuana M&A market is already heating up.Cannabis technology company TILT Holdings on Thursday signed an agreement to acquire Jupiter Research, a vaporizer-maker, for $210 million in cash and stock."We never expected to acquire a hardware company," Joel Milton, TILT's senior vice president of software and services told Business Insider in an interview.But when Milton and TILT's CEO, Alex Coleman, met with Jupiter's CEO, Mark Scatterday, "we were really impressed with what they were doing," said Milton. Read more: A top marijuana CPA says the 'bubble will burst' for weed M&A dealsThat, coupled with the "exponential growth" vapes offer made Jupiter a nice fit within TILT's arsenal, said Milton.Jupiter booked over $100 million in orders last year, up from under $25 million in 2017, according to a December note from Canaccord Genuity. The deal is expected to close in the "near future," said Milton. A 'B2B approach' to marijuanaTILT was created out of a four-way merger between marijuana software company Baker Technologies — where Milton served as CEO — with Briteside Holdings, Sea Hunter Therapeutics, and Santé Veritas Holdings in May 2018.The combined entity went public via a reverse merger on the Canadian Securities Exchange (CSE) last December and began to roll-up other marijuana companies shortly after. "We're a little differentiated from some of our other peers in the market in that we take a much more B2B (business-to-business) approach in terms of how we look at the industry," Milton said.Read more: Marijuana companies are using a 'backdoor' strategy to tap the public markets — and it's fueling an M&A boomWhereas other US-based marijuana companies, known as multi-state operators, are focused on acquisitions that expand their geographical retail presence, TILT is focused on supplying software and services — and now hardware — to marijuana dispensaries.  TILT acquired Blackbird, a marijuana distribution and software company in December."So rather than solely focused on opening retail stores, we're really focused on providing solutions to the whole industry," Milton said, adding that the Jupiter acquisition is an "unbelievable" way to expand TILT's reach into a new category."When you look at the data within the states [where marijuana is legal], vaporizers are growing rapidly," Milton said. "When you have that growth within a market over time plus new markets, you get exponential growth. And quite frankly we have really, really high expectations for what the vaporizer market's going to look like." Vape companies, whether used for marijuana or otherwise, have been prime acquisition targets in recent weeks. Altria, the tobacco-maker behind Marlboro, sank $12.8 billion into a 35% stake of Juul, a popular e-cigarette maker in December. Marijuana is legal in Canada and for adult use in 10 states, and medical use in 33. In December, New York Governor Andrew Cuomo said legalizing the adult use of marijuana is one of his top legislative priorities for next year.Read more:One of the largest publicly traded marijuana companies says the Farm Bill provides a 'pathway' for entering the lucrative US marketOld-school accounting firms are finding the emerging marijuana industry to be an unexpected goldmine — and a minefieldA cannabis CEO who led turnarounds at FAO Schwarz and Patagonia explains why he's looking to poach 'nimble' people from small companies — rather than big-name execsAn early investor in Juul is raising $75 million to make venture investments in pot companies Sign up for notifications from Insider! Stay up to date with what you want to know. Subscribe to push notifications Deal icon An icon in the shape of a lightning bolt. Keep reading Was this article valuable for you? Yes No Additional comments Email (optional) Receive a selection of our best stories daily based on your reading preferences. 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Google Acquires Channel Intelligence For $125 Million - Business Insider Tech BI Intelligence Events Trending Tech Finance Politics Strategy Life Sports Video All × From To You have successfully emailed the post. Google Spends $125 Million On Channel Intelligence To Improve Google Shopping Jay Yarow Feb. 6, 2013, 8:31 AM 7,804 4 facebook linkedin twitter email print 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. More: Google facebook linkedin twitter email print Recommended For You Comments Comments on this post are now closed. Insiders 0 All Comments 4 Apply To Be An "Insider" » Loading Google Spends $125 Million On Channel Intelligence To Improve Google Shopping Google Spends $125 Million On Channel Intelligence To Improve Google Shopping Google is trying to tweak its shopping results. 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As Playfish Crumbles, EA Is Hands Off For Its Other Gigantic $1.3 Billion Acquisition - Business Insider Login   Login Username Password Remember me Forgot username or password? Login with Twitter Login with Facebook Login with LinkedIn Login with Google Register SAI Home Tech SAI Enterprise Science The Porn Industry Has Already Dreamed Up Some Awesome Ideas For Google Glass The Porn Industry Has Already Dreamed Up Some Awesome Ideas For Google Glass 500 New Cloud Apps Come Online Everyday And This Startup Protects Companies From The Onslaught The New Bird Flu Will Spread More Easily Among Humans Than Other Bird Flu Strains Finance Clusterstock Your Money 11 Reasons Why Getting An MBA Is Better Than Getting A CFA 11 Reasons Why Getting An MBA Is Better Than Getting A CFA Yep — I Am A Trust Fund Baby And I Did Nothing To Earn It Markets The Bank Of Japan Must Crush All Resistance Politics Politics Defense Law & Order Michael Bloomberg's Gun Control Group Is Going After A Democratic Senator, And It's Already Getting Really Personal Michael Bloomberg's Gun Control Group Is Going After A Democratic Senator, And It's Already Getting Really Personal OBAMA: Here's When It's OK To Kill An American Citizen With A Drone REPORT: Orlando Man Shot By FBI Confessed To Involvement In Boston Triple Murder Strategy Strategy Careers Small Business Our Best Advice For College Grads Our Best Advice For College Grads 7 Things You Should Never Wear To The Office On Summer Fridays Our Best Advice For College Grads Entertainment Sweet Minimalist Movie Posters Of Your All-Time Favorite Flicks Advertising The Guy Who Created Google+ And Then Redesigned Facebook Has A New Job Retail McDonald's Has Created Its Highest Calorie Menu Item Ever Sports NFL POWER RANKINGS: Here's Where Every Team Stands With Three Months To Go Life The Life Transportation The 10 Best Beaches In America The 10 Best Beaches In America FAST AND FURIOUS: Check Out The Real Illegal Street Racers Of Los Angeles More Latest Video Lists The Hive Your News BI Intelligence Events About BI Events BI Intelligence SAI Home Mobile Enterprise Silicon Alley 100 Digital 100 Silicon Valley 100 Innovation Document Center Hive Contributors Documents Jobs Follow us on Facebook and get updates from SAI posted directly to your news feed   Continue to Business Insider » You will be redirected in seconds. Enter your email address and zip code to set up customized email alerts. Email Zip From To Email Sent! You have successfully emailed the post. The Smart Way To Spend $1.3 Billion On A Startup Matt Lynley | Jun. 22, 2012, 10:11 AM | 966 | Email More Share on Tumblr Tweet Email Share on Tumblr Flickr / jontintinjordan See Also Tumblr Founder David Karp Has Mixed Feelings About Dropping Out Of High School Tumblr Is The New York Area's Third Billion-Dollar Startup Exit In The Past 12 Months Top Silicon Valley Advisor Explains The Key Rules Behind Every Great Startup Idea Playfish, at one point a social gaming juggernaut next to Zynga, is losing key personnel and hasn't made a big hit that can truly compete with Zynga's other big hits like CityVille after its sale to Electronic Arts. But PopCap, EA's other gigantic next-generation gaming acquisition that it paid $1.3 billion for, remains in a protective bubble in Seattle, a source close to the company tells us. PopCap is a darling in the mobile gaming industry, and is considered one of the best mobile developers in the world among industry professionals. PopCap is still working on its own franchises, the most important staff is still there, and it's working on the next generation of PopCap games, this source said. It actually has access to some more resources and some more talent now, the source said. (Mind you, that's how most gaming acquisitions are supposed to happen.) There's some cross-pollination between the big teams at EA, like mega-hit developer BioWare and some of EA's partner studios, and PopCap. But for the most part, PopCap is being left to its own. PopCap develops big-hit mobile games. It has popular franchises like Bejeweled, Plants vs. Zombies and Peggle. It even has its own line of merchandise to go with those games. PopCap does also spend a lot of time developing Facebook-connected, social games. Around half of its team is geared toward Facebook games, a source tells us, while the other half is geared toward mobile. But it doesn't appear that PopCap will suffer the same fate as Playfish, which felt the brunt of EA's management. Recommended For You Please follow SAI on Twitter and Facebook. Follow Matt Lynley on Twitter. 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It was founded on May 28, 1982 by Silicon... More » Recent Posts About Electronic Arts Former College Football Star Wins Court Victory Against Video Game Giant EA Will Make A Bunch Of New Star Wars Games For Disney Report: Electronic Arts Fires 10% Of Workforce Matt Lynley Writer Contact: e-mail: [email protected] Subscribe to his twitter feed Recent Posts Well, Now We Know Where App... Stunning, High-Res Photos O... THE ZUCKERBERG BUMP: Facebo... Comments on this post are now closed. The Water Cooler Insiders 0   All Comments 0   Apply To Be An "Insider" » Loading Apply To Be An "Insider" » The Smart Way To Spend $1.3 Billion On A Startup The Smart Way To Spend $1.3 Billion On A Startup EA's acquisition of PopCap is doing well, say sources close the company. Welcome, ! You are logged into Facebook Social: | Your Activity | These articles have been shared on your timeline. You can remove them here: Options Notify me when a story is shared. Yes No Welcome, ! 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NewsCred Acquires Daylife - Business Insider Tech BI Intelligence Events Trending Tech Finance Politics Strategy Life Sports Video All × From To You have successfully emailed the post. × What It Feels Like To Buy The Company You Always Looked Up To Megan Rose Dickey Oct. 17, 2012, 2:32 PM 1,951 facebook linkedin twitter email print Shafqat Islam, CEO and Founder, NewsCred NewsCred NewsCred founder Shafqat Islam always looked up to Daylife, a pioneering service which provided Internet publishers with tools for presenting articles, links, and images. Now he owns the company. NewsCred just acquired Daylife, whose customers include publishers like the Associated Press and BuzzFeed, for an undisclosed amount. "We used to look at Daylife and always think, 'Man, one day we're going to be as big as Daylife,'" Islam told us. "They really pioneered this whole idea of selling technology solutions to publishers." Islam says he has always been impressed with Daylife's tools, especially its Smart Galleries, which many say is one of the best tools on the market for collecting and displaying images. When NewsCred first launched in 2008, they were initially focused on tools. They switched to licensing content. (Full disclosure: Business Insider is a NewsCred customer.) Over the last year, Islam says NewsCred has significantly grown on the brand side of the business and he eventually realized the potential for merging customers' content with Daylife's publishing tools. "Offering up their tools to our customers, plus offering our premium content to their customers just made total sense, which is why we kind of went ahead and did this deal," Islam says. "It's a big decision for us because it represents we're going to be doubling our customer base overnight. Almost doubling our revenues. It's a serious acquisition for us." Islam says that the experience will be completely seamless for Daylife customers and will be able to benefit from NewsCred's fully licensed articles, images and videos. For NewsCred customers, they will be able to access all of the tools Daylife has to offer. "The fit was just unnaturally perfect," Islam says. For now, NewsCred and Daylife will continue to operate as separate websites but over time, Islam says they will eventually put Daylife under the NewsCred brand for the sake of consistency. "I think the combined entity, to me at least, would really cement our places as the leaders here in this space," Islam says. More: Publishing NewsCred Shafqat Islam facebook linkedin twitter email print Recommended For You Comments Comments on this post are now closed. Insiders 0 All Comments 0 Apply To Be An "Insider" » Loading What It Feels Like To Buy The Company You Always Looked Up To What It Feels Like To Buy The Company You Always Looked Up To NewsCred buys Daylife to become a bigger player in Web-publishing tools. Recommended For You Featured These high-tech classes are the coolest thing happening in schools today More "Future Now" » Neil deGrasse Tyson and Al Gore on the future of our planet — and everything else More "Innovators" » Get Tech Emails & Alerts Sign-Up Learn More » Tech Select Tech Chart Of The Day Business Insider Select 10 Things In Tech You Need To Know Mobile Insights BII Mobile Insights More Featured Business Insider Select Tech Select Tech Chart Of The Day Markets Chart Of The Day 10 Things Before the Opening Bell Instant MBA Business Insider Events BI Intelligence Daily Finance Finance Select Markets Select Monday Scouting Report Your Money Select Financial Advisor Insights Smart Investor CFO Insider Finance Insider Wealth Advisor Select Strategy Strategy Select Advertising Select Retail Select Careers Select 10 Things You Need To Know In Advertising Politics Politics Select Military Select Life Life Select Transportation Select Education Select Entertainment Select Breaking News Tech Enterprise Select Science Select Mobile Chart Of The Day E-Commerce Chart Of The Day Payments Chart Of The Day Digital Media Chart Of The Day IoT Chart of the Day Fintech Briefing Charts of the Day Sports Chart Of The Day Top 10 Things 10 Things In Tech You Need To Know Closing Bell Sports Sports Latest Research Our 25 Top Tech Predictions The Payments Ecosystem Report The Fintech Ecosystem Report The Internet of Things Report Read Business Insider On The Go Available for iPhone, iPad, and Android Find A Job Tech Jobs C-Level Jobs Media Jobs Design Jobs Finance Jobs Sales Jobs See All Jobs » Thanks to our partners * Copyright © 2016 Business Insider Inc. All rights reserved. Registration on or use of this site constitutes acceptance of our Terms of Service and Privacy Policy. Disclaimer Commerce Policy Made in NYC Stock quotes by finanzen.net International Editions: UKDEAUSIDINMYSGPLSE

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Copy Link Download the app Starbucks just acquired Teavana, a chain of stores that sell loose-leaf tea. “We believe the tea category is ripe for reinvention and rapid growth. The Teavana acquisition now positions us to disrupt and lead, just as we did with espresso starting three decades ago,” Starbucks CEO Howard Schultz said in the release.  Starbucks paid $620 million for the company, according to Bloomberg. Teavana has 300 stores around the world. Starbucks plans to aggressively expand that number, according to the release. Owning a tea company is a win for Starbucks, which is actively trying expand in Asia. The beverage is much more popular than coffee in China and Japan."This helps them really drive a locally focused product, which so many other U.S. chains have trouble doing," said Brian Sozzi, chief equities analyst at NBG Productions. "Think, Teavana is a pricey brand that could be sold to Chinese tea lovers with money." Starbucks plans to add WiFi and tables to stores in order to create a Starbucks-like experience, but with tea. "This is quite the opportunistic purchase for Starbucks, as it’s nowhere near Teavana’s IPO price," Sozzi said. "This is 100% about Starbucks wanting ownership of every category of interest on both the high-end and low end, and then leveraging that on a global scale and within multiple verticals (retail stores, supermarkets, home brewing machines etc.)"Starbucks also said that acquiring Teavana will help it with its plan to expand its Tazo brand, which Schultz has said he wants to make a major force worldwide, particularly in Asia. But some fans of Teavana complained about the corporate takeover on Twitter.  "Starbucks acquiring Teavana? Not sure how I feel about that, but my first thought was ugh," one user tweeted. DON'T MISS: The Most Expensive Shopping Streets In The World > Sign up for notifications from Insider! Stay up to date with what you want to know. 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The Corrosive Downside of Acquihires - Business Insider Tech BI Intelligence Events Trending Tech Finance Politics Strategy Life Sports Video All × From To You have successfully emailed the post. The Corrosive Downside of Acquihires Mark Suster, Both Sides of the Table May 13, 2013, 9:57 AM 4 facebook linkedin twitter email print Mark Suster Mark Suster is an entrepreneur turned VC and General Partner at GRP Partners. Recent Posts Why Snapchat is an Important Media Company What most people don’t understand about how startups are valued The resetting of the startup industry AWESM.tweet({ "data-url": "http://www.bothsidesofthetable.com/2013/05/13/the-corrosive-downside-of-acquihires/", "awesm_buttonid" : "awesm_tweetbutton_5709", "data-text" : "The Corrosive Downside of Acquihires:", "data-count" : "horizontal", "data-via" : "msuster", "data-related" : "grp_partners", "awesm_tool" : "bmuLX5", "awesm_campaign" : "", "awesm_notes" : "" }); AWESM.fblike({ "href" : "http://www.bothsidesofthetable.com/2013/05/13/the-corrosive-downside-of-acquihires/", "layout" : "button_count", "width" : 90, "font" : "lucida grande", "show_faces" : "false", "action" : "like", "colorscheme" : "light", "app_id" : "", "awesm_campaign" : "", "awesm_tool" : "bmuLX5", "awesm_notes" : "", "awesm_buttonid" : "awesm_fblike_5709" }); function awesm_linkedin_share_5709() { AWESM.share.linkedin({ "url":"http://www.bothsidesofthetable.com/2013/05/13/the-corrosive-downside-of-acquihires/" }); return false; } For the past 5 years or so Google, Facebook and a handful of tech industry giants have been quietly buying scores of early-stage startups for their talent. And to keep up with the Jones’s it seems that Yahoo! has now employed the same strategy. And who cares, right? A couple of tech giants throw millions around in either cash (for which they have hoards) or part with some publicly traded stock. And a few teams of super talented, educated and bright entrepreneurs make a few mill. in their 20′s. What could be more capitalist than that? It has even gone so far that we now have evocative headlines in the tech press such as “Buy or Die,” which is what got me thinking about this post. We’ve been here before – trust me. Every era has its own amnesia for M&A gone wild. In the end, it doesn’t really matter. It’s not some big tragedy on a grand scale. But the press (and I suspect many of the senior execs of these companies) don’t really explore the corrosive downside of these acquisition. So I thought I would. Buy. Or Die. Really? If I don’t commit to millions of dollars of acquisitions I will … die? I’m supposed to believe that my best innovation can only come from scores of startup founders who just made millions and have now become CVOs at my company? (Chief Vesting Officers)? Meh. The Aqui-hire Business Many buying companies price these deals on the basis of $1 million per engineer on the team for an early-stage deal. And they might give a premium if the team has been around a longer period of time, has built some hard-to-build proprietary technology or has some customer traction. Usually the location of the engineers matters great so having offshore engineering makes acquihires unlikely. Let’s assume an early-stage company around for 2 years with limited traction. It is probably purchased in the $5 – 15 million range even if you see higher numbers in the press. Almost certainly the startup would have raised some capital. Let’s assume $2 million in seed money. If the money comes from professional investors it usually has a “liquidation preference” meaning that their money comes out before the founders or common stock. (If you don’t know venture economics – there is an overview here.) While at initial glance this sounds unfair, when you think about it – it doesn’t. If you give $2 million for 20% of a company ($8 million pre + $2 million investment = $10 million post-money valuation) that has no product and no customers and it turns around 3 months later and sells for $5 million it would hardly be fair for investor to get $1 million back (20% of the proceeds). That’s why liquidation preferences exist – downside protection. After the liquidation preference the founders (probably 1-3 people) are likely to get 90% of the remaining proceeds and the staff – those engineers that the acquiring company so desperately wants – would ordinarily receive a very small proportion. I talked about the math of this in this post, “Is it Time to Learn or to Earn.” Mark – doesn’t the acquiring company mostly care about the super innovative founders? Those 1-3 you’re talking about? If they do then they’re naive. And most buyers aren’t. Most founders stick around for their lock-up period (1-2 years) before going on to found their next company. Think about it – they were the ones most willing and most able to take risk in the first place. They founded their last company with no money in their pocket. Now they get to go out and try again with $2 million in their pockets plus the credibility of having just gotten a big W. Most founders stay the least amount of time they can. I know the buyers try the best to believe that [insert well known founder name here ... David Sacks, Max Levchin, Dennis Crowley, Keith Rabois] will stay and help lead their company in a totally new direction. But evidence suggests otherwise. So the buying company usually wants to pay $0 for the company. And wants to structure a huge payout for the employees that will remain. That way investors (dead money for the buyer) and founders (flight risk) don’t get all the spoils while the faithful staff who will stick around get nothing. And precisely because buyers usually prefer to have limited money go to investors – investors almost always have the ability to say “no” to transactions in the terms of their funding documents (aka “blocking rights”). And that is the tension in the acquihire – what is the purchase price for the company, what is the “earn out” if the acquired company hits some performance targets and what is the amount of money set aside for staff retention? And will investors allow a deal to happen in the first place. The numbers you see announced in the press for deals are hardly ever right. OK, Mark. We get the mechanics. But what is so corrosive about this? Why Acquihires Hurt the Acquiring Company How about if we look at it from the “rest of company” perspective. You have been at Google, Salesforce.com, Yahoo! for years. You have worked faithfully. Evenings. Weekends. Year in, year out. You have shipped to hard deadlines. You’ve done the death-march projects. In the trenches. You got the t-shirt. And maybe got called out for valor at a big company gathering. They gave you an extra 2 days of vacation for your hard work. And that prick sitting in the desk next to you who joined only last week now has $1 million because he built some fancy newsreader that got a lot of press but is going to be shut down anyways. What kind of message does that send to the party faithful who slave away loyally to hit targets for BigCo? I’ll tell you what is says. It says if you want to make “real” money  - quit. Go do a startup. Get some famous angel or seed money. Get yourself in a big demo day competition. Woo the press. Hire legions of young, impressionable graduates from the top engineering universities. And then come back and sell me your company. I know many rank-and-file employees. I’ve had the chats with them. You rarely meet people who don’t resent the scores of entitled acquihirees of their company. Does Yahoo! et al really have to keep up with the Jones’s to build its future? For the 200 new employees they’ll get through acquihires do they unleash 2,000 unhappy existing employees? Sure, most won’t quit. Because they know that it’s not a slam dunk to start a business and get acquired. But the most talented of those 2,000 will. What if the $100 million you’re going to spend trying to win this alleged “war for talent” in stead went into big retention plans to keep your most talented employees. You can’t “Roll Out the Red Carpet When Your Best Employees are on the Way Out the Door” as I wrote in this post. So why not announce big, hairy audacious goals on recruiting the best mobile talent with sign-on bonuses and retention plans? And reward your existing top 10% of employees handsomely. I’ll bet the ROI would be higher than acquihires. Acquihires and Venture Capital I’m a VC. I know I’m supposed believe in acquihires to bury my investments that aren’t working. I would never discourage any teams of people I’m working with against early acquisition if they felt it was in the company’s best interests. But that’s not how you make money in the venture capital business. You make money by backing winners that build real businesses. I look for entrepreneurs who set out on their journeys to do exactly that – build big businesses. Change industries. Not looking for quick flips. And on many occasions I have passed on deals where it was clear that the founding team was over-optimizing the deal structure to focus on a quick exit. When I have great teams with products that are taking longer to show traction than they or I would like I usually spend time trying to figure out how we can build a better business versus selling early. I don’t blame entrepreneurs who go for an early exit when it comes up. To the contrary. On many occasions where I’ve met with teams of people in whom I’ve never invested I’ve encouraged exactly that – an early exit at a “small” price. Because if you’re business isn’t working or isn’t likely to work it’s obviously better than running into a brick wall or over-capitalizing yourself. And of course many small acquisitions work for the buyers when there is a clear strategy for owning the asset or a clear alignment with the team you’re acquiring. But as a repeatable strategy for large companies to try and compete with each other it still strikes me as a wasteful strategy. And few in the press are willing to call this out. Sarah Lacy did. It’s why I love reading her writings – she’s one of the few remaining journalists in the tech sector (along with Kara Swisher and a few others) who have been around long enough to have earned their critical eyes or cynicism. She wrote this excellent piece last year called, “The Acqui-hire Scourge: Whatever Happened to Failure in Silicon Valley” And I thought I’d finish on a quote from Sarah, “Allowing entrepreneurs — and their investors — to save face by saying they were “acquired” instead of failing is nice, but it’s a bit like the pre-schools where everyone wins a trophy for showing up.” Note: image from PandoDaily, clicking it will take you to the article in which I found it. Read more posts on Both Sides of the Table » Read the original article on Both Sides of the Table. Copyright 2013. More from Mark Suster: Stuck in the Middle With You Why on Earth Would Anybody Post Business Videos on Snapchat? Lead, Follow or Get the Fuck Out of the Way facebook linkedin twitter email print Recommended For You Comments Comments on this post are now closed. Insiders 0 All Comments 0 Apply To Be An "Insider" » Loading The Corrosive Downside of Acquihires The Corrosive Downside of Acquihires AWESM.tweet({ "data-url": "http://www.bothsidesofthetable.com/2013/05... 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Skyscanner Weighs up Stock Market Listing or a Sale Jump to Main content Search Account Menu icon A vertical stack of three evenly spaced horizontal lines. Search icon A magnifying glass. It indicates, "Click to perform a search". Insider logo The word "Insider". 0 Newsletters Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. Log in Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. Subscribe Business Tech Finance Markets Strategy Retail Advertising Healthcare Premium Life Entertainment Culture Travel Food Health Parenting Beauty Style News Politics Military & Defense Sports Opinion Reviews Tech Streaming Home Kitchen Style Beauty Gifts Deals Pets Parenting Coupons Health Learning Hobbies & Crafts Travel Video All A-Z Advertising Business Careers Coupons DoorDash Walmart Dell Staples Under Armour Culture Design Entertainment Executive Lifestyle Finance Food Health Healthcare Intelligence Latest Life Markets Insider Media Military & Defense News Opinion People Personal Finance Banking Credit Cards Insurance Investing Loans Mortgages Politics Premium Retail Reviews Science Sports Strategy Tech Transportation Travel Featured Talent Insider About About Advertise Careers Code of Ethics Contact Us Corporate Corrections Policy Follow RSS Sitemap Facebook Twitter Instagram YouTube LinkedIn Subscriptions Intelligence Premium US Markets Loading... H M S In the news Close icon Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification. Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. HOMEPAGE 0 Newsletters Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. Log in Subscribe Home Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. Tech Skyscanner is weighing up an IPO or an acquisition Sam Shead 2016-10-18T11:32:21Z Save Article Icon A bookmark Facebook Icon The letter F. Email icon An envelope. It indicates the ability to send an email. Share icon An curved arrow pointing right. Twitter icon A stylized bird with an open mouth, tweeting. Twitter LinkedIn icon The word "in". LinkedIn Fliboard icon A stylized letter F. Flipboard Facebook Icon The letter F. Facebook Email icon An envelope. It indicates the ability to send an email. Email Link icon An image of a chain link. It symobilizes a website link url. Copy Link Read in app Redeem now Scottish travel site Skyscanner is considering a stock market listing or an acquisition, Bloomberg reports, citing people familiar with the situation. The Edinburgh-headquartered company, founded in 2003 by Gareth Williams, Bonamy Grimes, and Barry Smith, allows people to find and book flights, hotels, and cars through more than 1,200 partners via its online search engine.The 14-year-old company, which attracts over 50 million travellers a month, raised £128 million in January, valuing it at over £1 billion and making it one of two Scottish tech "unicorns," along with fantasy sports platform Fanduel.Roughly a month before Skyscanner's January funding round, Stuart Paterson, a partner at Scottish Equity Partners and an investor in Skyscanner, told Business Insider: "I think the aim now is an IPO [initial public offering] in 2017. That's what the company is planning for."Scottish Equity Partners backed Skyscanner with £2.5 million in 2007 for a 40% stake in the company. At the time, Skycanner's annual revenues were less than £1 million, according to Paterson. Today they're over £100 million. Scottish Equity Partners has seen its stake in Skyscanner diluted down to around 5% over the years but an IPO still represents a significant return on its initial investment. "We have a lot of emerging companies that are doing extremely well but the one that has had the most impressive performance to date has been Skyscanner," Paterson said over a coffee in Shoreditch. "That business is doing north of 10 billion [pounds] of ticket sales for flights. It’s over 700 employees. It’s making tens of millions [of pounds] of profit. It’s a very viable business. What’s interesting is even at the scale it’s at now, the growth rate is accelerating."In addition to a possible IPO or sale, Skyscanner is also considering raising further financing, according to one of Bloomberg's anonymous sources. Sequoia chairman Sir Michael Moritz at Skyscanner's London office launch. Business Insider/Sam Shead Silicon Valley venture capital giant Sequoia — a firm that has backed Google, Apple, and Facebook — has also invested in Skyscanner. The firm invested an undisclosed amount in 2013 at a $800 million (£529 million) valuation, according to tnooz. Sequoia chairman Sir Michael Moritz sits on the board."We’ve invested in search related businesses in America for a long time and we’ve invested in travel businesses so it was fairly natural that Skyscanner hit our radar screen a few years ago," Moritz told Business Insider at the opening of Skyscanner's new London office in November, where he praised the company's operations in China, a region he is particularly bullish about. At the time of the office opening, former Amazon exec Bryan Dove, now head of Skyscanner's new London engineering hub and SVP of engineering at Skyscanner, said: "If you look at the metrics, Skyscanner has been consistently growing from a revenue perspective and an EBITA [earnings before interest, taxes, and amortisation]. I know there are some rumours out there, we certainly don’t comment on rumours. From a company perspective, we continue to be focused on our users and our products."Other Skyscanner investors include fund manager Artemis, investment manager Baillie Gifford, Malaysian government fund Khazanah Nasional Berhad, European investor Vitruvian Partners, and Yahoo Japan.Skyscanner declined to comment. Sign up for notifications from Insider! Stay up to date with what you want to know. Subscribe to push notifications Read the original article on Business Insider UK. Copyright 2016. Follow Business Insider UK on Twitter. Read next Newsletter Insider recommends waking up with Morning Brew, a daily newsletter. Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed while you're on the go. download the app Email address By clicking “Sign Up,” you also agree to marketing emails from both Insider and Morning Brew; and you accept Insider’s Terms and Privacy Policy. Click here for Morning Brew’s privacy policy. 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Fintech Megadeals Report: Top M&a Consolidations in 2019 Menu icon A vertical stack of three evenly spaced horizontal lines. Search icon A magnifying glass. It indicates, "Click to perform a search". Insider logo The word "Insider". 0 Newsletters Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. Log in Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. Subscribe Business The word Business Life The word Life News The word News Reviews The word Reviews Business Tech Finance Markets Strategy Retail Advertising Healthcare Intelligence Life Entertainment Culture Travel Food Health Parenting Beauty Style News Politics Military & Defense Sports Opinion Reviews Tech Streaming Home Kitchen Style Beauty Gifts Deals Pets Parenting Coupons Health Learning Hobbies & Crafts Travel All A-Z Advertising Business Careers Coupons DoorDash Walmart Dell Staples Under Armour Culture Design Entertainment Executive Lifestyle Finance Food Health Healthcare Intelligence Latest Life Markets Insider Media Military & Defense News Opinion People Personal Finance Banking Credit Cards Insurance Investing Loans Mortgages Politics Premium Retail Reviews Science Sports Strategy Tech Transportation Travel TV Beauty Explorers Best in Town Bonkers Closets Festival Foodies Movies Insider Pop Culture Decoded The Making Of The Ultimate List Featured Better Capitalism Cities Connected Insider TV Master Your Money Next Stop Sustainable Finance Transforming Business About About Advertise Careers Contact Us Corporate Corrections Policy Follow RSS Sitemap Facebook Twitter Instagram YouTube LinkedIn Subscriptions Intelligence Premium Close icon Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification. Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. HOMEPAGE 0 Newsletters Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. Log in Subscribe Home Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. Finance FINTECH MEGADEALS: How FIS-Worldpay, Fiserv-First Data, and Global Payments-TSYS acquisitions will reshape the fintech landscape Lea Nonninger 2019-12-18T16:06:00Z Save Article Icon A bookmark Facebook Icon The letter F. Email icon An envelope. It indicates the ability to send an email. Share icon An curved arrow pointing right. Twitter icon A stylized bird with an open mouth, tweeting. Twitter LinkedIn icon The word "in". LinkedIn Fliboard icon A stylized letter F. Flipboard Facebook Icon The letter F. Facebook Email icon An envelope. It indicates the ability to send an email. Email Link icon An image of a chain link. It symobilizes a website link url. Copy Link Download the app Redeem now Do you work in the Financial Services industry? Get business insights on the latest tech innovations, market trends, and your competitors with data-driven research. The following is a preview of one Financial Services report, the Fintech Megadeals report. You can purchase this report here. Get a daily newsletter packed with stats about trends affecting your industry. Sign up for Chart of the Day. Loading Something is loading. Email address By clicking ‘Sign up’, you agree to be contacted by Insider Inc. and receive emails from Insider Intelligence and eMarketer (e.g. FYIs, partner content, webinars, and other offers) and accept our Terms of Service and Privacy Policy. You can opt-out at any time. Mergers and acquisitions (M&As) in the payments industry reached a record high in 2019. M&A deals spiked from $31.8 billion in H1 2018 to a total of $116.6 billion in H1 2019, per Dealogic. Business Insider Intelligence Three deals made up the majority of funding activity: Fiserv bought First Data for $22 billion, FIS acquired Worldpay for $43 billion, and Global Payments scooped up TSYS for $21.5 billion. Of note, although these deals didn't close until the back half of the year, Dealogic includes the activity in H1 2019's total, when the deals were presented; Dealogic's deal values also differ slightly from the closing values.The inking of three deals of this magnitude in such a short period highlights an important development in the payments space — the need to consolidate. Startups like Adyen, Stripe, and Square have disrupted the industry, solving friction points for consumers and businesses. Amid the new status quo, incumbent payments firms are struggling to meet their customers' demands, which is forcing them to team up and consolidate to better serve their clientele.In the Fintech Megadeals report, Business Insider Intelligence explores the key drivers that are fueling consolidation in the payments space. We then take a closer look at the three biggest payments acquisitions we've seen so far this year, and discuss each player's business model; evaluate the strengths, weaknesses, opportunities, and threats of each merger; and highlight the industry importance of the three deals. Lastly, we evaluate what consolidation in the fintech industry will look like in the future.The companies mentioned in this report are: Adyen, FIS, Fiserv, First Data, Global Payments, Payoneer, Square, Stripe, TSYS, and Worldpay.Here are some of the key takeaways from the report:Payments is arguably the most mature segment of fintech, and the industry has been disrupted by digitally enabled and innovative solutions from new entrants for a long time, likely because there are multiple friction points for consumers and businessesThe need for consolidation in the payments space is being fueled by four drivers: changing client demands, competition from startups, increased pricing pressures, and low margins in the space.All three of the megadeals — Fiserv and First Data, FIS and Worldpay, and Global Payments and TSYS — were partly defense plays from incumbents to combat competition from agile startups in the space, as well as to increase their transaction volumes to better accommodate low margins and fees. M&A activity in fintech will continue and start to involve smaller players, with acquisitions being more targeted at areas with many friction points. In full, the report:Explains the reasons behind consolidation in the payments space.Highlights the three megadeals that were struck in the first half of 2019.Evaluates the strengths, weaknesses, opportunities, and threats that each merger offers for the companies involved.Outlines what the future of consolidation in payments and fintech will look like.Interested in getting the full report? 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Subscribe to push notifications Deal icon An icon in the shape of a lightning bolt. Keep reading More: Fintech Payments & Commerce FIS Worldpay Global Payments Fiserv First Data m&a BI Intelligence BI Intelligence Content Marketing Finance BII Markets Insider BI Intelligence Daily Conversion Series Report Teaser Insider Intelligence Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. Close icon Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification. Follow us on: * Copyright © 2022 Insider Inc. All rights reserved. Registration on or use of this site constitutes acceptance of our Terms of Service ,  Privacy Policy and Cookies Policy . 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Airbnb Is in Talks to Acquire a Payments App Called Tilt for Around $50 Million Insider logo The word "Insider". Set up later Close icon Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification. Menu icon A vertical stack of three evenly spaced horizontal lines. Search icon A magnifying glass. It indicates, "Click to perform a search". Insider logo The word "Insider". Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. BI Prime Intelligence Log in Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. Subscribe Subscribe Business The word Business Life The word Life News The word News Reviews The word Reviews Search icon A magnifying glass. It indicates, "Click to perform a search". Insider logo The word "Insider". Close icon Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification. 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It indicates a way to close an interaction, or dismiss a notification. Good Subscriber Account active since Edit my Account Free subscriber-exclusive audiobook! “No Rules Rules: Netflix and the Culture of Reinvention” Get it now on Libro.fm using the button below. Redeem your free audiobook Premium Articles Upgrade Membership Newsletter Preferences My Subscription FAQs Log out US Markets Loading... H M S In the news Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. HOMEPAGE Subscribe Subscribe Home Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. Tech Airbnb is reportedly in talks to acquire an app that allows people to pool together money Sam Shead 2017-01-25T09:48:24Z Facebook Icon The letter F. Email icon An envelope. It indicates the ability to send an email. Twitter icon A stylized bird with an open mouth, tweeting. Twitter LinkedIn icon The word "in". LinkedIn Fliboard icon A stylized letter F. Flipboard Link icon An image of a chain link. It symobilizes a website link url. Copy Link Tilt's cofounders James Beshara (left) and Khaled Hussein (right). Tilt Airbnb is in talks to acquire a payments startup called Tilt, The Information first reported.Tilt is a crowdfunding platform that allows groups and communities to collect, fundraise, or pool money online so they they can make events and projects happen. The service allows people set up online campaigns to raise money for everything from 5-a-side football league payments to refugee charity donations."It's the digital version of putting money in a hat," CEO and cofounder James Beshara told Business Insider in November 2015, shortly after the platform went live in the UK.Two sources with knowledge of the acquisition discussions told The Information that the home-sharing company is looking to buy Tilt for between $10 million (£8 million) and $20 million (£16 million), while TechCrunch sources said the deal could be north of $50 million (£40 million).A deal in the tens of millions would likely be a disappointing exit for Tilt given it was reportedly valued at $400 million (£318 million) after raising $62 million (£50 million) in May 2015. Tilt launched in Britain in July 2015 and by November 2015 it had over 1,000 applications from students wanting to be campus ambassadors for the app, according to UK manager Olivier Buffon.Airbnb is interested in Tilt's expertise in payments rather than its ongoing business, according to The Information.Airbnb and Tilt did not immediately respond to Business Insider's request for comment. Axel Springer, Insider Inc.'s parent company, is an investor in Airbnb. Read the original article on Business Insider UK. Copyright 2017. Follow Business Insider UK on Twitter. Newsletter Start your day with the biggest stories in tech. Sign up for 10 Things in Tech. Loading Something is loading. Email address By clicking ‘Sign up’, you agree to receive marketing emails from Insider as well as other partner offers and accept our Terms of Service and Privacy Policy. NOW WATCH: More: Tilt AirBnB Payments Close icon Two crossed lines that form an 'X'. 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Mega-Merger: Exxon Makes Huge Natural Gas Bet With Acquisition Of XTO Energy For $41 Billion http://www.businessinsider.com/mega-merger-exxon-makes-huge-natural-gas-bet-with-acquisition-xto-energy-for-41-billion-2009-12/comments en-us Wed, 31 Dec 1969 19:00:00 -0500 Fri, 27 Nov 2015 05:03:03 -0500 Joe Weisenthal http://www.businessinsider.com/c/4b2680070000000000081d1d Nathan Paine Mon, 14 Dec 2009 13:12:23 -0500 http://www.businessinsider.com/c/4b2680070000000000081d1d It's a good play because a huge amount of natural gas-fired generation will be installed in the future to backup wind and replace coal-fired generation. Check my blog out at http://nathanrpaine.wordpress.com. As our country adopts policies to address climate change, demand for natural gas will increase. There is tremendous upside. http://www.businessinsider.com/c/4b2677630000000000c761c8 varnikk Mon, 14 Dec 2009 12:35:31 -0500 http://www.businessinsider.com/c/4b2677630000000000c761c8 It is curious why the statement made by XTO Energy so embarrassed journalists? <a href="http://newsflow.posterous.com/exxon-xto-deal-video">Link</a> XD

M&A

Fintechs That Might Get Acquired and the Firms That Will Buy Them Jump to Main content Search Account Menu icon A vertical stack of three evenly spaced horizontal lines. Search icon A magnifying glass. It indicates, "Click to perform a search". Insider logo The word "Insider". 0 Newsletters Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. Log in Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. Subscribe Business Tech Finance Markets Strategy Retail Advertising Healthcare Premium Life Entertainment Culture Travel Food Health Parenting Beauty Style News Politics Military & Defense Sports Opinion Reviews Tech Streaming Home Kitchen Style Beauty Gifts Deals Pets Parenting Coupons Health Learning Hobbies & Crafts Travel Video All A-Z Advertising Business Careers Coupons DoorDash Walmart Dell Staples Under Armour Culture Design Entertainment Executive Lifestyle Finance Food Health Healthcare Intelligence Latest Life Markets Insider Media Military & Defense News Opinion People Personal Finance Banking Credit Cards Insurance Investing Loans Mortgages Politics Premium Retail Reviews Science Sports Strategy Tech Transportation Travel Featured Talent Insider About About Advertise Careers Code of Ethics Contact Us Corporate Corrections Policy Follow RSS Sitemap Facebook Twitter Instagram YouTube LinkedIn Subscriptions Intelligence Premium US Markets Loading... H M S In the news Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. HOMEPAGE 0 Newsletters Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. Log in Subscribe Premium Home Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. Finance Check out the 27 fintechs identified as prime acquisition targets by industry experts Paige Hagy and Bianca Chan 2023-05-16T12:58:05Z Save Article Icon A bookmark Facebook Icon The letter F. Email icon An envelope. It indicates the ability to send an email. Share icon An curved arrow pointing right. Twitter icon A stylized bird with an open mouth, tweeting. Twitter LinkedIn icon The word "in". LinkedIn Fliboard icon A stylized letter F. Flipboard Facebook Icon The letter F. Facebook Email icon An envelope. It indicates the ability to send an email. Email Link icon An image of a chain link. It symobilizes a website link url. Copy Link Read in app M&A among fintechs is set to ramp up this year. iStock; Tetra Images/Getty; Gueholl/Getty; Anthony Redpath/Getty; Savanna Durr/Insider This story is available exclusively to Insider subscribers. Become an Insider and start reading now. The fintech industry is poised for lots of consolidation this year, several sources told Insider. Buy now, pay later fintechs, neobanks, and SMB lenders are among the top contenders for acquisition. Insider spoke with 10 experts about the companies they see as prime acquisition targets and why. After dealmaking reached record-breaking heights in 2021 and then came crashing down in 2022, industry experts say M&A activity may be on the rise again this year.Lots of fintechs are struggling in the public market. Meanwhile, private companies aren't looking for a public debut anytime soon. Funding has slowed down from its breakneck speed during the pandemic years, and fintechs that haven't secured cash may be short on runway.Some experts think this all could be pointing to a return to dealmaking in 2023.Insider spoke with 10 fintech investors, bankers, analysts, and consultants about the sectors ripe for acquisition and the companies within them that might make good targets. In some cases, insiders highlighted fintechs that might be potential buyers. Some sources spoke on the condition of anonymity in order to speak freely.Check out the 27 fintechs across seven sectors that could be acquisition targets. SMB lending jayk7/Getty Images Potential sellers: Capchase (valued at $780 million in July 2022, per The Information); Pipe (valued at $2 billion in July 2021, per TechCrunch); Clearco (valued at $2 billion in April 2021, per TechCrunch)Potential buyers: Ramp; BrexWhat it is: SMB lenders offer credit to small- and medium-sized businesses, including startups. Why it's on the market: SMB lenders saw valuations skyrocket during the pandemic years fueled by cash-strapped businesses struggling to secure loans amid tightening lending requirements."These sorts of businesses almost certainly got way over their skis on valuation," a partner at a California-based venture firm, told Insider.SMB lenders are potential acqui-hires or acquisition targets unless they can raise more capital, according to one New York-based partner at a large venture firm. They pointed to Clearco as a potential target since it "stopped lending a while ago" and is "trying to restart now, from what I hear," the partner told Insider via email. A source close to the company said Clearco paused originations in August 2022 for three weeks as it withdrew from international markets. The New York partner also cited Pipe's recent change in executive leadership and its "issues" around risk management and controls as reasons it might be in need of an exit, they said. In November 2022, Pipe announced its three cofounders would step down and start the search for a "veteran" CEO. Around the same time, allegations arose that Pipe had lots of exposure to the crypto volatility, with TechCrunch reporting the fintech had lent nearly $80 million to crypto players. Pipe has refuted such claims.A spokesperson for Pipe cited the fintech's hiring of Luke Voiles, a former Square and Intuit executive, as CEO earlier this year."Pipe has close to over a half-decade of runway and is in a strong financial position, with a well-managed risk profile and controls to continue to build a strong platform and ecosystem. We are, in fact, a potential acquirer given our financial position," the spokesperson added.Both experts expect to see consolidation throughout the segment, with larger consumer and SMB lenders like Ramp and Brex as potential buyers. BNPL Chloe Lewis and Laura Anderson attend the official launch of the Klarna Pop-Up on June 04, 2019 David M. Benett/Getty Images Potential Sellers: Affirm ($3.1 billion market cap); Upstart ($1.4 billion market cap); Klarna ($6.7 billion valuation in July 2022)Potential buyers: Synchrony; Amex; big banksWhat it is: Buy now, pay later is an alternative payment method. Users can divide the total price of a purchase into a series of installments that are paid back (sometimes in addition to interest or fees) over an agreed period of time. Why it's on the market: BNPL startups introduced a flexible way for consumers to pay for purchases at a time when they really needed it: during the pandemic. Companies like Affirm and Klarna became household names.But just a few years later, much of the shine has worn off these players as their business models get squeezed by increasing competition and rising interest rates. Many of the biggest players in the space are still not profitable, the New York partner said. BNPL darling Klarna saw 85% lopped off its valuation on its last fundraising round. Affirm executives highlighted reaching profitability as a key focus in a November shareholder letter.Jason Mikula, a fintech analyst and consultant, pointed to Affirm as a potential target given the recent beating it's taken in the markets. The firm is down some 70% in the past year.While there are plenty of reasons why these BNPL players may be looking to get acquired, a target buyer seems less clear. "Somebody has to be willing to essentially step into that cashflow burn at this point in the cycle, which feels unlikely to me," the partner at the California-based VC firm said.American Express, Visa, and Mastercard could do it — "They could do anything they want; they're so big" — but it would make for an odd acquisition for them since it seems unlikely they want a balance-sheet lender, the partner said.Plus, Amex recently launched its own BNPL service, Plan It. Affirm could be an attractive option for an established bank or consumer lender looking for a new distribution channel, Mikula said, Although Upstart, which operates an AI-powered lending marketplace as opposed to a traditional BNPL service, offers a similar end product at a lower acquisition cost, he said. Banking-as-a-Service artpartner-images/Getty Images Potential sellers: Synapse (valued at $180 million in May 2019, per Forbes); Bond (valuation N/A); Unit ($1.2 billion valuation in May 2022, per TechCrunch); Treasury Prime (valuation N/A); Synctera (valued at $1.2 billion, according to a person familiar with the matter); Rize (valuation N/A)Potential buyers: FIS; Jack Henry; bank infrastructure software companiesWhat it is: Banking-as-a-service (BaaS) allows digital banks, fintechs, and other third parties to connect with traditional bank systems through application programming interfaces (APIs). This enables third parties to build and develop new banking offerings and services on top of the preexisting regulated infrastructure.Why it's on the market: While BaaS providers are a crucial element of the open-banking system, these fintechs have yet to differentiate and truly scale in the US, according to the partner at the California VC firm."This is ultimately a commodity function where you're some sort of layer sitting in front of an end bank," the partner said."The entire ecosystem of venture-backed fintechs that were the customers for the BaaS vendors are all sort of shrinking, retrenching, pulling back. So pretty much every name in this category, I think, is an M&A target," they added.Specifically, the New York partner named Synctera as a potential target since it last raised in 2021 and offers underlying technology for fintechs to connect with smaller banks partners.One managing partner at a Washington-based venture firm noted that Unit and Treasury Prime would be very attractive targets because "with decreased investment across the board and regulatory scrutiny slowing growth, there's a strong argument for taking these kinds of products in-house," they told Insider via email. Card issuers Tanja Ivanova/Getty Images Potential sellers: Lithic ($800 million valuation in July 2021, per Bloomberg); Deserve ($500 million valuation in June 2021, per Bloomberg); Cardless (valuation N/A); Imprint (valuation N/A)Potential buyers: Not clearWhat it is: Card issuers work with companies to help them offer their own credit cards or temporary digital cards.Why it's on the market: Card issuance is another sector ready for consolidation.The business has become a "commoditized" function that is hard to "differentiate value," according to the partner at the California VC. But these companies are good targets because they offer a valuable piece of core infrastructure, they said."The card is more complicated. It's harder to do, there's more longitudinal value in those receivables," they added. "Thematically, that's a really good area for consolidation."Of the experts Insider spoke to, none identified who might acquire card issuers. CFO stack (expense management, next-gen FP&A) Thanasis/Getty Images Potential sellers: Zip ($1.2 billion valuation in May 2022, per TechCrunch); Tradeshift ($2 billion-plus in December 2021, per TechCrunch); Melio ($4 billion in September 2021, per Reuters); Ramp ($8.1 billion in March 2022, per Reuters)Potential buyers: BILL; Anaplan; Adaptive; Coupa; Duck Creek; Avalara What it is: The CFO stack is a toolkit that chief financial officers use to manage the financial operations of a company. Why it's on the market: Specifically within the CFO stack, tech connected to billing and financial planning and analysis (FP&A) are up for grabs, according to the partner at the California firm. Existing leaders in the market are all potential buyers."Whether it's Bill.com, Anaplan, or Adaptive — any of these sorts of businesses — and even some of the expense management legacy platforms are potential buyers," the partner said. "These are software businesses that, relatively speaking, have held value better than 'fintechs' have."Private-equity-backed players in the space are also poised to grow via acquisitions of smaller players, F-Prime Capital's managing partner David Jegen told Insider. "For the last year, I have expected PE investors to take advantage of the public market valuation correction to buy scaled fintech players, and then in turn use them as platforms to acquire even more private companies," Jegen said. This so-called "roll-up strategy" is ripe in fintech, Jegen said, because large PE firms have been active in the space.In 2022, Thoma Bravo acquired Coupa for $8 billion and Anaplan for $10 billion; while Vista Equity Partners acquired Avalara for $8 billion and just completed its acquisition of Duck Creek for $2.6 billion. All four acquired companies will become acquirers of other private companies, Jegen predicted.For example, Coupa plays in the expense management space, which has received more than $30 billion of private investment over the last five years and produced dozens of startups, Jegen said. It would make sense for Coupa to build out its suite of offerings by acquiring private companies operating in interesting, adjacent spaces, he said. The corporate-card space with Ramp, accounts-payable workflow via Melio, and procurement, via Tradeshift and Zip, all make for attractive targets, Jegen added. Neobanks Dave Business Insider/ Alex Nicoll Potential sellers: MoneyLion ($132.2 million market cap); Dave ($69 million market cap); Varo ($1.8 billion in February 2023, per Fintech Business Weekly); Chime ($25 billion in October 2021, per TechCrunch)Potential buyers: Block via Cash App; community and regional banksWhat it is: Neobanks give people digital alternatives to many of the services traditional banks offer, from branchless checking accounts, to high-yield savings accounts and credit and lending products. They rely on back-end banking partners to offer much of the regulated banking services.Why it's on the market: Neobanks like Chime and Varo were once the crown jewels of fintech, as everyday consumers looked for quick, easy, and digital ways to save money, make payments, and invest. But the rising cost of running a business and growing competition has meant that for many neobanks, acquiring customers has gotten all the more difficult. And making money off of interchange fees hasn't proven to be a great business model either. Plus, neobanks and other consumer-facing fintechs have come under fire lately after getting slapped with fraud allegations, something that experts say could be an inherent issue with fintech broadly."As far as companies looking for an exit, I think most of the neobanks are pretty high up the list. For the ones we have meaningful data on — MoneyLion, Dave, Varo — the picture really isn't pretty," Mikula told Insider. But neobanks' biggest value prop — a superior digital experience and ability to reach customer segments overlooked by big banks — could be attractive to regional and community banks looking to grow their footprint on both counts, Jegen said."Perhaps there will be some scaled community banks that are interested in buying the front end, if you will. The banking license buying the front end, high-growth consumer app on top of them as opposed to the reverse that we've seen so far," Jegen said. Retail trading and investing apps Robinhood; Samantha Lee/Insider Potential sellers: Public.com ($1.2 billion valuation in February 2021, per TechCrunch); Robinhood ($9 billion market cap); Webull ($1 billion valuation in February 2021, per Bloomberg); TradeZero (valuation N/A)Potential buyers: Legacy brokeragesWhat it is: Investing platforms allow customers to buy and sell stocks, options, ETFs, and cryptocurrencies, often with no commission. Why it's on the market: Investing apps rose in popularity during the pandemic and sought to democratize finance by giving everyday consumers access to the financial markets. But such growth came with growing pains, including regulatory scrutiny around market regulation and consumer protection, and layoffs.Plus, a lot of the initial shine has rubbed off these fintechs, as users and regulators began talking about sone investing apps in the same sentence as gambling and addiction.Still, a lot of these firms are profitable, a managing director at a mid-sized investment bank told Insider. "When you come down from a high like that and have a hangover like the market has right now, it can often be a catalyst for transactions."These investing apps could be an attractive acquisition target for legacy brokerage firms that need to up their game to appeal to younger investors, a fintech analyst told Insider. Carter Johnson contributed reporting to this story. Read next Was this article valuable for you? Yes No Additional comments Email (optional) Receive a selection of our best stories daily based on your reading preferences. Submit BIPrime Fintech M&A More... 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Insight Partners Explains $5 Billion Bet on Data-Management Startup Veeam Menu icon A vertical stack of three evenly spaced horizontal lines. Search icon A magnifying glass. It indicates, "Click to perform a search". Insider logo The word "Insider". 0 Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. BI Prime Intelligence Log in Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. Subscribe Subscribe Business The word Business Life The word Life News The word News Reviews The word Reviews Search icon A magnifying glass. It indicates, "Click to perform a search". Insider logo The word "Insider". Close icon Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification. 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It often indicates a user profile. Log in Subscribe Subscribe Newsletters World globe An icon of the world globe, indicating different international options." US Edition US INTL Australia Deutschland & Österreich España France India Japan México Nederland Nordic Polska South Africa Get the Insider App Click here to learn more A leading-edge research firm focused on digital transformation. See our Research Facebook Icon The letter F. Twitter icon A stylized bird with an open mouth, tweeting. LinkedIn icon The word "in". YouTube icon A play button in the shape of a television screen. Instagram icon A stylized camera. * Copyright © 2021. All rights reserved. Registration on or use of this site constitutes acceptance of our Terms of Service ,  Privacy Policy and Cookies Policy. Sitemap Disclaimer Accessibility Commerce Policy CA Privacy Rights Coupons Made in NYC Jobs Stock quotes by finanzen.net Reprints & Permissions Insider logo The word "Insider". Close icon Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification. alerts dismiss Good Subscriber Account active since Edit my Account Free subscriber-exclusive audiobook! “No Rules Rules: Netflix and the Culture of Reinvention” Get it now on Libro.fm using the button below. Redeem your free audiobook Premium Articles Upgrade Membership Newsletter Preferences My Subscription FAQs Log out US Markets Loading... H M S In the news Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. HOMEPAGE Subscribe Subscribe Premium Home Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. Tech A private equity firm explains why it's spending $5 billion to acquire Veeam, a cloud software startup last valued at $1 billion Bani Sapra 2020-01-13T22:08:32Z Facebook Icon The letter F. Email icon An envelope. It indicates the ability to send an email. Twitter icon A stylized bird with an open mouth, tweeting. Twitter LinkedIn icon The word "in". LinkedIn Fliboard icon A stylized letter F. Flipboard Link icon An image of a chain link. It symobilizes a website link url. Copy Link Insight Partners Managing Director Michael Triplett Insight Partners This story is available exclusively to Insider subscribers. Become an Insider and start reading now. Private equity and investment firm Insight Partners is set to acquire data-management startup Veeam Software for $5 billion, one of its largest deals to date. Insight Managing Director Michael Triplett cited Veeam's rapid sales and customer growth as a major factor in the decision to invest, telling Business Insider that "it would be difficult to find another software company that's accomplished all that in 12 years."As a part of the deal, the startup will now shift its headquarters from Switzerland to the US. That's part of a strategy to "become the dominant player in the US," Insight Partners Managing Director Michael Triplett told Business Insider. Insight is one of the many private-equity firms rushing to become a player in the cloud-computing market, and compete with the likes of Microsoft, Amazon and Google — the latter of which announced it would buy enterprise software company CloudSimple in November.Visit Business Insider's homepage for more stories.Insight Partners is set to acquire data-management startup Veeam Software for $5 billion, in one of the private equity firm's largest deals to date. Insight's acquisition builds on a pre-existing relationship with Veeam, after Insight helped it raise $500 million last year at a valuation of $1 billion.Veeam, which offers customers data back-up and recovery solutions, has already worked its way up to becoming a market leader in the EMEA region, covering Europe, the Middle East, and Africa, according to the company's press release, which referred to a report by analyst firm IDC."The core of what we do is we help protect data and we grew into a $1 billion company protecting data on-premises," Veeam's Chief Technology Officer Danny Allan told Business Insider, calling the company's software the "de-facto standard for protecting data running on virtualized systems." Insight Partners Managing Director Michael Triplett told Business Insider that the company's rapid growth had been a significant factor in the firm's decision to invest. The company has around 365,000 customers, and also adds 10,000 to 12,000 customers each quarter, Triplett said. "I think it would be difficult to find another software company that's accomplished all that in 12 years," Triplett said.The deal comes with major changes for the Swiss-based Veeam: Former CEO Andrei Baronov and his co-founder Ratmir Timashevare are stepping down from the board of directors, and William Largent and Danny Allan were promoted from within the company to CEO and CTO, respectively. The company will also shift its headquarters to the US from Switzerland.That's part of a strategy to "become the dominant player in the US," Triplett explained to Business Insider. Shifting headquarters will allow the company to "double down" in the US over the next few years.The company has also set its sights on consolidating its cloud-offerings, in light of the many companies that are migrating onto the cloud."There are petabytes of data going up into the public clouds, that transition is very real, and Veeam is at the heart of it," Allan explained. "Our focus has very much been and will continue to be protecting the growth of data sets and data services.., but for the cloud world as well.Private equity firms rush to enter the cloud warCompanies like Veeam sit at the heart of an increasingly lucrative business, as more companies require help to begin migrating to the cloud. This has prompted private equity firms to rush to the market and acquire competitors to the likes of Microsoft, Salesforce, IBM, Google and Amazon. Insight Partners is one of the most active private equity firms in software investments, racking up a total of 33 investments in 2019 according to Pitchbook. But TA Associates and Vista Equity Partners have led private equity's charge into the software industry, racking up a total of 40 and 37 investments in the software industry so far, according to Pitchbook. Other private equity firms are also rushing into the cloud-computing market.  Private equity firms Francisco Partners and Evergreen Coast Capital announced they would acquire cloud-based software startup LogMeIn for $4.3 billion in December, in a recent example.Meanwhile, legacy companies have also fought to acquire software companies amid the cloud war between the market-leading Amazon Web Services and the second- and third-place Microsoft and Google, respectively. In November, Google announced that it would buy enterprise software company CloudSimple. But the cloud-computing market still has plenty of companies left for the taking. According to the Bessemer Cloud Index, which tracks publicly-traded subscription software companies, there are over 47 companies valued between about $1 billion and $10 billion. Sign up for notifications from Insider! Stay up to date with what you want to know. Subscribe to push notifications Was this article valuable for you? Yes No Additional comments Email (optional) Receive a selection of our best stories daily based on your reading preferences. Submit NOW WATCH: More: Cloud Insight Partners Veeam Follow us on: * Copyright © 2021 Insider Inc. All rights reserved. Registration on or use of this site constitutes acceptance of our Terms of Service ,  Privacy Policy and Cookies Policy . 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Twitter Sues Elon Musk to Enforce Takeover Deal Agreement Menu icon A vertical stack of three evenly spaced horizontal lines. Search icon A magnifying glass. It indicates, "Click to perform a search". Insider logo The word "Insider". 0 Newsletters Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. Log in Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. Subscribe Business The word Business Life The word Life News The word News Reviews The word Reviews Business Tech Finance Markets Strategy Retail Advertising Healthcare Intelligence Life Entertainment Culture Travel Food Health Parenting Beauty Style News Politics Military & Defense Sports Opinion Reviews Tech Streaming Home Kitchen Style Beauty Gifts Deals Pets Parenting Coupons Health Learning Hobbies & Crafts Travel All A-Z Advertising Business Careers Coupons DoorDash Walmart Dell Staples Under Armour Culture Design Entertainment Executive Lifestyle Finance Food Health Healthcare Intelligence Latest Life Markets Insider Media Military & Defense News Opinion People Personal Finance Banking Credit Cards Insurance Investing Loans Mortgages Politics Premium Retail Reviews Science Sports Strategy Tech Transportation Travel TV Beauty Explorers Best in Town Bonkers Closets Festival Foodies Movies Insider Pop Culture Decoded The Making Of The Ultimate List Featured Talent Insider About About Advertise Careers Code of Ethics Contact Us Corporate Corrections Policy Follow RSS Sitemap Facebook Twitter Instagram YouTube LinkedIn Subscriptions Intelligence Premium US Markets Loading... H M S In the news Close icon Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification. Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. HOMEPAGE 0 Newsletters Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. Log in Subscribe Home Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. Tech Twitter sues Elon Musk for backing out of $44 billion acquisition, saying the billionaire is obligated to complete the deal Kali Hays and Áine Cain 2022-07-12T21:43:18Z Save Article Icon A bookmark Facebook Icon The letter F. Email icon An envelope. It indicates the ability to send an email. Share icon An curved arrow pointing right. Twitter icon A stylized bird with an open mouth, tweeting. Twitter LinkedIn icon The word "in". LinkedIn Fliboard icon A stylized letter F. Flipboard Facebook Icon The letter F. Facebook Email icon An envelope. It indicates the ability to send an email. Email Link icon An image of a chain link. It symobilizes a website link url. Copy Link Download the app Elon Musk. Patrick Pleul/picture alliance via Getty Images Redeem now Twitter has sued Elon Musk for trying to walk away from his agreement to buy the company. Musk last week accused Twitter of several instances of "breach," saying they all nullified the deal. Twitter pushed back on Musk's "antics," saying his claims were "pretexts and lack any merit." Get the latest tech news & scoops — delivered daily to your inbox. Loading Something is loading. Email address By clicking ‘Sign up’, you agree to receive marketing emails from Insider as well as other partner offers and accept our Terms of Service and Privacy Policy. Twitter followed through on its promise to sue Elon Musk over his attempt to walk away from buying the platform.In a lawsuit filed Tuesday, lawyers for Twitter accused Musk of "refusing to honor his obligations." The suit was filed in Chancery Court in Delaware, where Twitter is incorporated.At issue in the lawsuit is Musk's attempt last week to "terminate" the merger agreement he signed in April, saying he would acquire Twitter and take it private for $54.20 per share, putting a value on the deal of $44 billion. Lawyers for Twitter over the weekend called Musk's move "invalid and wrongful." In Musk's letter backing out of the deal, he accused Twitter of refusing to hand over "useable" user data, said it had misled him and the SEC on the number of "bots" or spam accounts present on the platform, and that it had made decisions to conduct layoffs and let go of key executives without getting his approval. All of which allegedly constitute a "breach" of the agreement, lawyers for Musk said. Meaning he can walk away from the deal and does not even have to pay the $1 billion break-up fee included in the agreement. Twitter pushed back against all of those points in its lawsuit, calling them "pretexts" that "lack any merit." It argued that the merger agreement Musk signed in April is not only "binding," and that he legally must complete the deal as agreed to, but that he is only attempting to back out now "because it no longer serves his personal interests."Musk appeared to respond to the lawsuit on Twitter not long after it was filed, writing only "Oh the irony lol."Lawyers for Twitter pointed to Musk's personal wealth, largely tied up in Tesla stock, the price of which has fallen 44% this year along with tech stocks generally. They said the value of his Tesla stake has fallen by more than $100 billion since late last year. Now Musk simply "wants out" of his agreement to buy Twitter because the stock market is down, and wants to "shift the cost"of the downturn onto Twitter's shareholders. "Having mounted a public spectacle to put Twitter in play, and having proposed and then signed a seller-friendly merger agreement, Musk apparently believes that he — unlike every other party subject to Delaware contract law — is free to change his mind, trash the company, disrupt its operations, destroy stockholder value, and walk away," lawyers for Twitter said. "This repudiation follows a long list of material contractual breaches by Musk that have cast a pall over Twitter and its business." Lawyers pointed to several of Musk's tweets discussing the acquisition and certain of Twitter's executives, saying each constituted a breach of confidentiality and disparagement clauses in the agreement. They claim he failed to provide reasonable information on his financing of the deal and failed to treat other requests "reasonably."Twitter went on to cover several areas speculated as possible soft spots in the agreement with Musk, including his financing for the deal. The platform called both the debt and equity financing portions of the deal "airtight" and pointed to Musk's personal commitment of $33.5 billion. The company also held Musk at least partially responsible for the decline in its own stock price, which is down 20% this year, saying the billionaires "antics" and the "disdain he has shown" for the company created more business risks and put pressure on its stock.Despite all of this, Twitter is insisting that Musk is obligated to go through with acquiring the company at the agreed upon price of $44 billion. It asked the court to force him to close the deal and to enjoin him "from further breaches" of the agreement. Twitter is also asking the the case be heard on an expedited basis, coming before a judge in September, given the potential impact a prolonged fight will have on its business. Lawyers for Musk could not be immediately reached for comment.Are you a Twitter employee with insight to share? Got a tip? contact Kali Hays at [email protected], on secure messaging app Signal at 949-280-0267 or on Twitter DM at @hayskali. Reach out using a non-work device. Sign up for notifications from Insider! Stay up to date with what you want to know. Subscribe to push notifications Read next NOW WATCH: OPINION: Media activist shares how Musk could change Twitter Twitter Elon Musk Speed Biz More... Close icon Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification. Recommended Video Follow us on: * Copyright © 2022 Insider Inc. All rights reserved. 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London-Based Aggregator Olsam Group Acquires US-Based Marketfleet Menu icon A vertical stack of three evenly spaced horizontal lines. Search icon A magnifying glass. It indicates, "Click to perform a search". Insider logo The word "Insider". 0 Newsletters Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. Log in Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. Subscribe Business The word Business Life The word Life News The word News Reviews The word Reviews Business Tech Finance Markets Strategy Retail Advertising Healthcare Intelligence Life Entertainment Culture Travel Food Health Parenting Beauty Style News Politics Military & Defense Sports Opinion Reviews Tech Streaming Home Kitchen Style Beauty Gifts Deals Pets Parenting Coupons Health Learning Hobbies & Crafts Travel All A-Z Advertising Business Careers Coupons DoorDash Walmart Dell Staples Under Armour Culture Design Entertainment Executive Lifestyle Finance Food Health Healthcare Intelligence Latest Life Markets Insider Media Military & Defense News Opinion People Personal Finance Banking Credit Cards Insurance Investing Loans Mortgages Politics Premium Retail Reviews Science Sports Strategy Tech Transportation Travel TV Beauty Explorers Best in Town Bonkers Closets Festival Foodies Movies Insider Pop Culture Decoded The Making Of The Ultimate List Featured Talent Insider About About Advertise Careers Code of Ethics Contact Us Corporate Corrections Policy Follow RSS Sitemap Facebook Twitter Instagram YouTube LinkedIn Subscriptions Intelligence Premium US Markets Loading... H M S In the news Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. HOMEPAGE 0 Newsletters Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. Log in Subscribe Premium Home Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. Retail Amazon aggregator Olsam just made its second acquisition as the industry pivots from buying up sellers to purchasing other aggregators Julie Peck 2022-04-29T16:18:57Z Save Article Icon A bookmark Facebook Icon The letter F. Email icon An envelope. It indicates the ability to send an email. Share icon An curved arrow pointing right. Twitter icon A stylized bird with an open mouth, tweeting. Twitter LinkedIn icon The word "in". LinkedIn Fliboard icon A stylized letter F. Flipboard Facebook Icon The letter F. Facebook Email icon An envelope. It indicates the ability to send an email. Email Link icon An image of a chain link. It symobilizes a website link url. Copy Link Download the app Olsam Group, which purchased Flywheel in December, has led the charge in the consolidation of aggregators. Kevork Djansezian / Getty Images This story is available exclusively to Insider subscribers. Become an Insider and start reading now. Redeem now Olsam Group acquired Marketfleet, an aggregator focused on outdoor products. Olsam has led the charge in snatching up other Amazon aggregators. Benefits from the deal include a leg up on the outdoor market and specialized talent. Consolidation continues in the aggregator category, with Olsam Group leading the way. The London company picked up its second US-based aggregator with the purchase of Marketfleet, which has 11 brands with a focus on outdoor products.Amazon aggregators compete to buy the most successful brands on the site and improve their marketing, packaging, and positioning to take them to the next level of profitability. And now they're competing to buy up each other."The aggregation of the aggregators" has become a catchphrase in the category, which raised more than $12 billion in funding in 2021 but finds itself facing headwinds in 2022. In January, Thrasio acquired Lifelong Online, an Indian consumer-brands company, and earlier this spring Moonshot Brands picked up brands from distressed aggregators.Olsam could be said to have given rise to the trend with its purchase of Flywheel in December. But the company says its plans for expansion are not based solely on buying up and incorporating other aggregators."Acquisitions is always a channel we will pursue, but the focus has always been to partner with the best brands, expanding the reach of each and every brand to get beloved products into the hands of more consumers," said Sam Hörbye, a cofounder of Olsam. "Our strategy with each brand is always 100% growth — whether that's with new products, new channels, or new geographies."Olsam now has a strong foothold in the outdoor categoryMarketfleet, whose products include kayaks, paddleboards, and bodyboards, brings a specialization in the lucrative outdoor segment to Olsam.According to Verified Market Research, the US market for outdoor-recreation products is projected to grow from about $108 billion in 2020 to about $178 billion in 2028.Olsam also recently purchased Colapz, a UK brand that sells collapsible camping and outdoor gear, giving it a strong foothold in the category. Hörbye said that its product range is known for a positive environmental impact and that Marketfleet and Colapz would have many synergies.Acquiring the teams behind the brandsHörbye said the Marketfleet acquisition brings with it a team with important Amazon expertise. In total, Olsam now has about 70 employees.For aggregators, this can be a major benefit of acquiring other aggregators versus buying stand-alone Amazon brands. Amazon brands can grow to a multimillion-dollar scale with just one or two people behind them, making the brands valuable to acquire but adding no personnel to the aggregator's team."Part of the Marketfleet acquisition was to help build on our internal capabilities," Hörbye said, adding that Marketfleet "had deep expertise across analytics, sourcing, product design," and Amazon fulfillment, "thereby deepening our operational capacity.""These are very rare skill sets in the ecosystem," Hörbye said, "and we are extremely excited for each and every person to join and leverage knowledge across the wider Olsam portfolio."When Olsam acquired Colapz, it folded Colapz's product designers into its team. At the time, Hörbye said that adding that skill set to Olsam's capabilities had been attractive.Marketfleet's founder, Chris Friedland, will leave to pursue other ventures, the company said. Sign up for notifications from Insider! Stay up to date with what you want to know. Subscribe to push notifications Read next Was this article valuable for you? Yes No Additional comments Email (optional) Receive a selection of our best stories daily based on your reading preferences. Submit NOW WATCH: amazon aggregator Amazon aggregators More... Read next Follow us on: * Copyright © 2022 Insider Inc. All rights reserved. Registration on or use of this site constitutes acceptance of our Terms of Service ,  Privacy Policy and Cookies Policy . 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Digital 100 Acquisition Targets - Business Insider Tech BI Intelligence Events Trending Tech Finance Politics Strategy Life Sports Video All × From To You have successfully emailed the post. 10 Startups That Could Sell For Millions Or Billions Tomorrow Zachary Lichaa and Nicholas Carlson Sep. 30, 2011, 11:02 AM 112,015 9 facebook linkedin twitter email print Business Insider See Also How a failed education startup turned into Musical.ly, the most popular app you've probably never heard of How Amazon CEO Jeff Bezos has inspired people to change the way they think about failure How non-Facebook users can stop Facebook from tracking them around the web Inside this year's Digital 100, we found a number of companies that are ripe for an acquisition.  Content distribution, sports blogs, and e-commerce are all areas where the big guys could use their hefty balance sheets to snatch up some smaller companies.  These private tech companies could be the next Zagat. View As: One Page Slides Here are 10 startups that are likely to get acquired >> » More: Features Startups Acquisition facebook linkedin twitter email print Recommended For You Comments Comments on this post are now closed. Insiders 0 All Comments 9 Apply To Be An "Insider" » Loading 10 Startups That Could Sell For Millions Or Billions Tomorrow 10 Startups That Could Sell For Millions Or Billions Tomorrow They're ripe for acquisitions. Recommended For You Featured These high-tech classes are the coolest thing happening in schools today More "Future Now" » Neil deGrasse Tyson and Al Gore on the future of our planet — and everything else More "Innovators" » Get Tech Emails & Alerts Sign-Up Learn More » Tech Select Tech Chart Of The Day Business Insider Select 10 Things In Tech You Need To Know Mobile Insights BII Mobile Insights More Featured Business Insider Select Tech Select Tech Chart Of The Day Markets Chart Of The Day 10 Things Before the Opening Bell Instant MBA Business Insider Events BI Intelligence Daily Finance Finance Select Markets Select Monday Scouting Report Your Money Select Financial Advisor Insights Smart Investor CFO Insider Finance Insider Wealth Advisor Select Strategy Strategy Select Advertising Select Retail Select Careers Select 10 Things You Need To Know In Advertising Politics Politics Select Military Select Life Life Select Transportation Select Education Select Entertainment Select Breaking News Tech Enterprise Select Science Select Mobile Chart Of The Day E-Commerce Chart Of The Day Payments Chart Of The Day Digital Media Chart Of The Day IoT Chart of the Day Fintech Briefing Charts of the Day Sports Chart Of The Day Top 10 Things 10 Things In Tech You Need To Know Closing Bell Sports Sports Latest Research Our 25 Top Tech Predictions The Payments Ecosystem Report The Fintech Ecosystem Report The Internet of Things Report Read Business Insider On The Go Available for iPhone, iPad, and Android Find A Job Tech Jobs C-Level Jobs Media Jobs Design Jobs Finance Jobs Sales Jobs See All Jobs » Thanks to our partners * Copyright © 2016 Business Insider Inc. All rights reserved. Registration on or use of this site constitutes acceptance of our Terms of Service and Privacy Policy. Disclaimer Commerce Policy Made in NYC Stock quotes by finanzen.net International Editions: UKDEAUSIDINMYSGPLSE

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Google Has Spent More On Acquisitions Than Its Top Five Rivals Combined http://www.businessinsider.com/google-acquisition-spending-2014-1/comments en-us Wed, 31 Dec 1969 19:00:00 -0500 Tue, 24 May 2016 02:21:00 -0400 Jillian D'Onfro http://www.businessinsider.com/c/52d6d9cd6bb3f708050e893b freddy bee Wed, 15 Jan 2014 13:56:13 -0500 http://www.businessinsider.com/c/52d6d9cd6bb3f708050e893b Agreed! http://www.businessinsider.com/c/52d6d72f6da81192360e8942 Roscoe Wed, 15 Jan 2014 13:45:03 -0500 http://www.businessinsider.com/c/52d6d72f6da81192360e8942 Google... so innovative! http://www.businessinsider.com/c/52d6d10069beddb67155947c freddy bee Wed, 15 Jan 2014 13:18:40 -0500 http://www.businessinsider.com/c/52d6d10069beddb67155947c Part of it is Google's Capital reserves, but another piece here is that if you're a company built on innovative engineering - you want to be acquired by Google. I think Nest was an over-pay, but what do I know... I'll trust the guys sitting at an all-time high on the stockmarket. http://www.businessinsider.com/c/52d6cbf46da81175132e19fd INSIDER Wed, 15 Jan 2014 12:57:08 -0500 http://www.businessinsider.com/c/52d6cbf46da81175132e19fd when google is the 5th branch of government, getting money isn't a problem

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Chart: the Biggest Tech Acquisitions in History Compared to Slack Insider logo The word "Insider". Close icon Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification. Menu icon A vertical stack of three evenly spaced horizontal lines. Search icon A magnifying glass. It indicates, "Click to perform a search". Insider logo The word "Insider". Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. BI Prime Intelligence Log in Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. Subscribe Subscribe Business The word Business Life The word Life News The word News Reviews The word Reviews Search icon A magnifying glass. It indicates, "Click to perform a search". Insider logo The word "Insider". Close icon Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification. 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It often indicates a user profile. Log in Subscribe Subscribe Newsletters World globe An icon of the world globe, indicating different international options." US Edition US INTL Australia Deutschland & Österreich España France India Italia Japan México Nederland Nordic Polska South Africa A leading-edge research firm focused on digital transformation. See our Research Facebook Icon The letter F. Twitter icon A stylized bird with an open mouth, tweeting. LinkedIn icon The word "in". YouTube icon A play button in the shape of a television screen. Instagram icon A stylized camera. * Copyright © 2021. All rights reserved. Registration on or use of this site constitutes acceptance of our Terms of Service ,  Privacy Policy and Cookies Policy. Sitemap Disclaimer Commerce Policy CA Privacy Rights Coupons Made in NYC Jobs Stock quotes by finanzen.net Reprints & Permissions Insider logo The word "Insider". Close icon Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification. Good Subscriber Account active since Edit my Account Free subscriber-exclusive audiobook! “No Rules Rules: Netflix and the Culture of Reinvention” Get it now on Libro.fm using the button below. Redeem your free audiobook Premium Articles Upgrade Membership Newsletter Preferences My Subscription FAQs Log out US Markets Loading... H M S DOW -0.00% S&P 500 -0.00% NASDAQ 100 -0.00% Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. HOMEPAGE Subscribe Subscribe Home Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. Tech This chart shows how the Salesforce acquisition of Slack for $27.7 billion stacks up against tech's largest deals ever Ben Gilbert and Yuqing Liu 2020-12-02T17:42:25Z Facebook Icon The letter F. Email icon An envelope. It indicates the ability to send an email. Twitter icon A stylized bird with an open mouth, tweeting. Twitter LinkedIn icon The word "in". LinkedIn Fliboard icon A stylized letter F. Flipboard Link icon An image of a chain link. It symobilizes a website link url. Copy Link Marc Benioff, Salesforce CEO & cofounder Salesforce On Tuesday afternoon, Salesforce announced plans to purchase Slack for $27.7 billion — one of the largest ever tech acquisitions. The purchase tops Microsoft's 2016 acquisition of LinkedIn by a bit more than $1 billion, putting it among the top five largest tech acquisitions of all time. Salesforce CEO Marc Benioff called the combination of Salesforce and Slack, "a match made in heaven" in the announcement. "Together, Salesforce and Slack will shape the future of enterprise software and transform the way everyone works in the all-digital, work-from-anywhere world." Visit Business Insider's homepage for more stories. Salesforce announced plans on Tuesday to purchase Slack, the company that makes the workplace messaging app of the same name. The acquisition is valued at $27.7 billion, instantly putting it among the top five largest tech acquisitions of all time — just edging out Microsoft's $26.2 billion acquisition of LinkedIn back in 2016. The chart below demonstrates how big Salesforce's acquisition of Slack is:Here's a look at the history of tech's most expensive acquisitions, from Apple's measly $3 billion purchase of Beats all the way to Dell's notoriously expensive $67 billion acquisition of EMC Corporation: 28. Apple bought Beats in 2014 for $3 billion. From left to right: Beats cofounder Jimmy Iovine, Apple CEO Tim Cook, Beats cofounder Dr. Dre, and Apple senior VP Eddy Cue. Apple Apple's purchase of Beats in 2014 was a two-part play: For the Beats headphone lineup, and for foundational software that would eventually lead to Apple Music. It also led to a notorious (and hilarious) video of Dr. Dre celebrating the sale with his friend Tyrese that reportedly caused Apple to "freak out." 27. Google bought Nest in 2014 for $3.2 billion. Amazon Google's purchase of Nest in 2014 was a strategic pickup in Google's ongoing battle with Amazon in the smart home market. Nest's widely used thermostat was an early hit in the smart home business, and the Google division has only expanded out its offerings since being acquired. 26. Walmart bought Jet.com in 2016 for $3.3 billion. Facebook/Jet Through the acquisition of Jet.com in 2016, Walmart bolstered its online storefront and has become a major player in the ecommerce market. Though Jet.com itself has since shuttered, the talent and technology that came with it live on through Walmart's online presence. 25. Cisco bought AppDynamics in 2017 for $3.7 billion. AppDynamics founder and CEO Jyoti Bansal. AppDynamics Just as AppDynamics was set to go public, the company was purchased at the eleventh hour by Cisco for $3.7 billion — an effort from Cisco to push further away from its hardware roots into the software and services business. 24. Adobe bought Marketo in 2018 for $4.75 billion. Former Marketo CEO Steve Lucas helped sell the company to Adobe in 2018. WorkSpan/YouTube Adobe's purchase of Marketo added the company's services to its "Adobe Experience Cloud," a business software suite sold by Adobe. Marketo's software added several marketing services to the AEC. 23. Microsoft bought aQuantive in 2007 for $6.3 billion. Former Microsoft CEO Steve Ballmer led the purchase of aQuantive in 2007. Business Insider In 2007, former Microsoft CEO Steve Ballmer led an acquisition of a company named aQuantive worth over $6 billion. Though the purchase was intended to get Microsoft more deeply involved in the online advertising business, it ultimately led to a massive $6.2 billion writedown. 22. Salesforce bought MuleSoft in 2018 for $6.5 billion. Thomson Reuters Relatively unknown prior to being purchased by Salesforce, MuleSoft has become a major part of the cloud giant's portfolio. The standout service provided by MuleSoft is named Anypoint, and it enables Salesforce developers to make disparate app work together. It was the first of two major acquisitions Salesforce made in the last few years. 21. Microsoft bought Nokia in 2014 for $7.2 billion. Former Microsoft CEO Steve Ballmer (left) and former Nokia CEO Stephen Elop. Spencer Platt/Getty Images Among the many acquisitions made under the leadership of former Microsoft CEO Steve Ballmer, the purchase of Nokia for $7.2 billion was among the least successful. Less than two years after the purchase, Microsoft's new CEO Satya Nadella took a $7.6 billion writedown in financials and laid off nearly 8,000 Nokia employees. 20. Oracle bought Sun Microsystems in 2009 for $7.4 billion. Oracle Corp. Chief Executive Larry Ellison (L) and Sun Microsystems Inc., Chief Executive Scott McNealy. Reuters Oracle's purchase of Sun Microsystems was very specific: To own the rights to the Java programming language. Those rights would eventually lead to an ongoing legal battle with Google. For Sun Microsystems, which was in decline and saddled with loads of debt at the time, an acquisition was a lifeline. 19. Microsoft bought GitHub in 2019 for $7.5 billion. Incoming GitHub CEO Nat Friedman (left) and Microsoft CEO Satya Nadella (right). Microsoft For Microsoft, a company founded by computer programmers, the acquisition of GitHub makes a lot of sense: It offers a direct path for the massive network of computer-minded GitHub users into Microsoft's large ecosystem. It also offers a potential pipeline for some of the world's most computer savvy folks to work at Microsoft. 18. Microsoft bought Skype in 2011 for $8.5 billion. Microsoft has been adding Skype into its products ever since it purchased the company in 2011. Above, a Microsoft HoloLens user makes a Skype call in augmented reality. Microsoft For years, before Google Hangouts and Zoom chats offered other options, Microsoft-owned Skype was the de fact video chat software. Things have changed over time, of course, but Microsoft's 2011 purchase of Skype was a strategic move into consumer communications software that has continued to pay off: The video chat software is always a marquee example of how a new Microsoft device might work 17. Oracle bought PeopleSoft in 2004 for $10.3 billion. Reuters/AP Oracle's acquisition of PeopleSoft is a notoriously contentious story. "It was an 18-month hostile takeover," senior executive Aneel Bhusri told Business Insider back in 2011.PeopleSoft offered software-based human resources solutions for companies and schools, and its products are still offered by its current parent company, Oracle. 16. NXP bought Freescale in 2015 for $11.8 billion. REUTERS/Steve Marcus When NXP, one of the lesser-known computer chip manufacturers, purchased Freescale in 2015, the deal cemented NXP as a dominant force in the silicon market. 15. Google bought Motorola Mobility in 2011 for $12.5 billion. John Gress/Reuters Though Google continues to produce and sell smartphones under its Pixel line, the company used to make smartphones in collaboration with Motorola (and other handset makers). That relationship eventually turned into an outright acquisition, though another critical aspect of the purchase wasn't said out loud: Patents. 14. Symantec bought Veritas Software in 2004 for $13.5 billion. A presentation is made in the Symantec booth during the RSA Conference on Wednesday, April 22, 2015, in San Francisco. AP/Marcio Jose Sanchez Symantec's purchase of Veritas Technologies, like so many tech acquisitions, was a measure of expansion and solidification. Veritas offered information management solutions. Symantec and Veritas split in 2014, and it is a private company once again. 13. Amazon bought Whole Foods in 2017 for $13.7 billion. Kate Taylor/Business Insider Amazon's purchase of Whole Foods was the first major push into bricks-and-mortar retail from the ecommerce giant and was largely intended as an expansion of Amazon's annual subscription service Amazon Prime. Prime users get discounts in the store, and Amazon products like the Echo are advertised alongside apples and bananas. 12. Intel bought MobileEye in 2017 for $15 billion. A Ford Fusion outfitted with Mobileye's self-driving technology. Mobileye As technology companies jockey for position in the race to create self-driving software, companies like Intel are paying billions for startups like MobileEye with proven tech. In the case of Intel's MobileEye, the goal is a "robo-taxi" rather than implementing the tech in consumer cars. 11. Salesforce bought Tableau in 2019 for $15.7 billion. Tableau CEO Adam Selipsky in 2019. Salesforce In another major Salesforce acquisition, the tech giant purchased Tableau last year for nearly $16 billion. It's the latest purchase in Salesforce's ongoing plan to strategically acquire companies that can help Salesforce grow. In the case of Tableau, Salesforce got a data analytics and visualization platform with over 86,000 customers. 10. Walmart bought Flipkart in 2018 for $16 billion. Abhishek N. Chinnappa/Reuters Walmart's big bet on Flipkart is all about international expansion: Flipkart serves the Indian market, and with the acquisition, Walmart now has a major foothold in the region. It's also a critical step in Walmart's ongoing push into ecommerce, as Flipkart is an online-based retailer. 9. Nokia bought Alcatel-Lucent in 2015 for $16.6 billion. Former Nokia CEO Stephen Elop introduces a new phone at an event in New York. Spencer Platt/Getty Images Nokia's purchase of Alcatel-Lucent was positioned as a means of expanding its network technology business in the wake of its mobile phone business being sold to Microsoft. The purchase has enabled Nokia to become one of several major players in the move to 5G wireless networks. 8. Facebook bought WhatsApp in 2014 for $22 billion. Facebook CEO Mark Zuckerberg. Josh Edelson/AFP/Getty Images Facebook's purchase of WhatsApp in 2014, though wildly expensive, enabled Facebook to instantly expand its reach by tens of millions of people. Despite its connection to Facebook, like Instagram, WhatsApp remains popular around the world.  7. Hewlett-Packard bought Compaq in 2001 for $25 billion. Carly Fiorina (left), chairman and CEO of Hewlett Packard, taps knuckles with Michael Capellas, chairman and CEO of Compaq, after a press conference in New York on September 4, 2001, where they discussed the announced merger of the two companies. Jeff Christensen/Reuters In a piece published in 2016 by ZDNet titled "Worst tech mergers and acquisitions," the $25 billion purchase of Compaq by Hewlett-Packard is ranked number one on that list. Why? Not only did it eventually lead to a massive downturn at the company, but its failure was forewarned by several major stakeholders — including the son of the company's cofounder, Walter Hewlett. 6. Microsoft bought LinkedIn in 2016 for $26.2 billion. REUTERS/Robert Galbraith The acquisition of LinkedIn is part of the new era of Microsoft acquisitions, where companies are intentionally left to operate relatively autonomously. To that end, LinkedIn has remained relatively unchanged since its purchase back in 2016 for $26.2 billion. Of note: LinkedIn is Microsoft's most expensive acquisition of all time, and anything above that paid for TikTok would instantly make it the new most expensive purchase. 5. Salesforce intends to buy Slack for $27.7 billion. Marc Benioff, Salesforce CEO & cofounder Salesforce With the acquisition of Slack, Salesforce is making its most expensive bet ever: That the latest workplace messaging app du jour is worth $27.7 billion.  Slack has become the predominant workplace messaging software, and it's become more critical than ever with millions of people working from home amid the ongoing pandemic. The purchase of Slack is a direct shot at Salesforce's longtime rival, Microsoft, which has had its own success with the workplace messaging tool Microsoft Teams.Salesforce CEO Marc Benioff described the combination of Salesforce and Slack as "a match made in heaven." According to Benioff, the two will, "shape the future of enterprise software and transform the way everyone works in the all-digital, work-from-anywhere world." 4. SoftBank bought ARM in 2016 for $31 billion. SoftBank Corp. Chief Executive Officer Ken Miyauchi (C) poses for a group photograph during a ceremony for the company's listing at the Tokyo Stock Exchange on December 19, 2018 in Tokyo, Japan. Tomohiro Ohsumi/Getty Images SoftBank's purchase of ARM could become an investment — the latest news is that NVIDIA is reportedly looking at a purchase of ARM from SoftBank which would assuredly be north of the $31 billion SoftBank paid back in 2016. 3. IBM bought Red Hat in 2018 for $34 billion. Andrei Stanescu/Getty Images IBM's purchase of Red Hat took a variety of popular software and instantly collected it under IBM's umbrella: From Red Hat Enterprise Linux to Red Hat Virtualization. As part of the $32 billion deal, Red Hat products are now a part of IBM Cloud. 2. Avago bought Broadcom in 2015 for $37 billion. A sign at the entrance to the headquarters of Avago Technologies in San Jose, California May 29, 2015. REUTERS/Robert Galbraith Never heard of Avago? How about Broadcom? Though both companies are massive, they're also both relatively unknown. That's because they're responsible for the infrastructure and technology inside of many products made by other companies, from cable modems to the chips powering Ethernet switches. 1. Dell bought EMC Corporation in 2015 for $67 billion. EMC CEO Joe Tucci (left) shakes hands with Dell CEO and founder Michael Dell (right). Dell By far the most expensive acquisition of all time continues to be Dell's $67 billion purchase of EMC Corporation in 2015. "We're continuing to evolve the company into the most relevant areas where I.T. is moving," Dell president Michael Dell told the New York Times in a 2015 interview. "This deal just accelerates that." Combining Dell's offerings with EMC allowed Dell to push further into corporate computing services, and it allowed EMC to escape pressure from investors to stem ongoing business declines. Got a tip? Contact Business 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. Newsletter Start your day with the biggest stories in tech. Sign up for 10 Things in Tech. Loading Something is loading. 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Worldline Plans to Acquire Ingenico - Business Insider Menu icon A vertical stack of three evenly spaced horizontal lines. Search icon A magnifying glass. It indicates, "Click to perform a search". Insider logo The word "Insider". 0 Newsletters Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. Log in Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. 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H M S In the news Close icon Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification. Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. HOMEPAGE 0 Newsletters Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. Log in Subscribe Subscribe Home Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. Finance Worldline is buying solutions provider Ingenico for $8.6 billion Daniel Keyes 2020-02-04T15:57:00Z Save Article Icon A bookmark Facebook Icon The letter F. Email icon An envelope. It indicates the ability to send an email. Share icon An curved arrow pointing right. Twitter icon A stylized bird with an open mouth, tweeting. Twitter LinkedIn icon The word "in". LinkedIn Fliboard icon A stylized letter F. Flipboard Link icon An image of a chain link. It symobilizes a website link url. Copy Link Download the app This story was delivered to Business Insider Intelligence Payments & Commerce subscribers earlier this morning.To get this story plus others to your inbox each day, hours before they're published on Business Insider, click here. Get a daily newsletter packed with stats about trends affecting your industry. Sign up for Chart of the Day. Loading Something is loading. Email address By clicking ‘Sign up’, you agree to be contacted by Insider Inc. and receive emails from Insider Intelligence and eMarketer (e.g. FYIs, partner content, webinars, and other offers) and accept our Terms of Service and Privacy Policy. You can opt-out at any time. Worldline, a processor and payments solution provider, announced plans to acquire Ingenico, a fellow solutions provider that is well-established in the point-of-sale (POS) technology industry . The transaction will be a cash and share deal that values Ingenico at €7.8 billion ($8.6 billion), per TechCrunch. Business Insider Intelligence The move lends credence to the idea that Worldline is interested in building up its business and capabilities through acquisition, considering it also announced plans to buy the payments segment of payment service provider SIX for €2.3 billion ($2.73 billion) in May 2018. The transaction between Worldline and Ingenico, which are both based in France, is expected to close during Q3 2020.The announcement claimed the combination will create the number four player in payments services globally, as bringing in Ingenico should enable Worldline to add revenue opportunities and consolidate its business.The release estimates that the firm will have synergies with a €250 million ($276.4 million) run rate in 2024, which may be driven by cross-selling services to existing clients and blending their offerings together for new ones. The companies called out their ability to combine online and in-store merchant services to create a "one-stop-shop" for both small and global merchants, possibly leveraging Worldline's digital solutions and Ingenico's POS tools, though both have offerings in both channels.This should appeal to firms if it successfully packages both firms' merchant and financial services capabilities together. Considering Ingenico claims an estimated 37% of the global payment terminal market in the release, it could leverage existing relationships to bring about new revenue opportunities for the combined firm, especially since it's also bringing Worldline 1,000 new banking and acquiring relationships worldwide.With Ingenico in tow, Worldline will have a massive base of merchants and volume to solidify its standing. The new group will provide payment services to almost 1 million merchants and 1,200 financial institutions (FI) and purchase volume acquired of €300 billion ($331.7 billion) in its home market of Europe. The release notes that Worldine and Ingenico will hold a 20% share of Europe's financial services market together, making the firm a more formidable player in the space.The deal follows 2019's spike in major mergers and acquisitions (M&A) as payment firms are using such transactions to stay relevant amid increasing competition and digitization in the space. Last year's megadeals included Fiserv buying First Data for $22 billion, FIS acquiring Worldpay in a deal valued at $43 billion, and Global Payments bringing in TSYS for $21.5 billion.While Worldline's acquisition of Ingenico is relatively smaller than these transactions, it likely shares the factors that led to them, including the need to compete with upstarts in various payment fields like Adyen and Square that are challenging their businesses, and the acquisitions can potentially give firms new capabilities and services that will continue to attract clients and revenue.And as more segments of the payment industry digitize thanks to shifting consumer preferences and increased technological capabilities, these transactions may enable firms to better adapt as they'll have more tools and resources they can deploy to keep up with shifts in the industry in addition to digital competitors.Want to read more stories like this one? 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Enter your email address and zip code to set up customized email alerts. Email Zip From To Email Sent! You have successfully emailed the post. Airbnb Makes A British Acquisition And The Timing Couldn't Be Better Dylan Love | Mar. 21, 2012, 6:25 AM | 1,578 | 1 Email More Share on Tumblr Tweet Email Share on Tumblr The Associated PressAirbnb has acquired British competitor Crashpadder for an undisclosed amount of money, reports The Next Web. Both companies operate in a similar fashion, connecting people who need a short-term living space to those who are offering it, in effect making anyone a landlord. The timing behind the acquisition is especially advantageous as the London Olympics approach. Airbnb CEO Brian Chesky said, "We knew that London was going to be a major focus for us in 2012 with the Olympics on the horizon. Now, with the addition of the Crashpadder community we are making huge strides to ensure that thousands of Olympic visitors will have a unique and local experience as Londoners open their door to the world during the games and beyond." Recommended For You Please follow SAI on Twitter and Facebook. Follow Dylan Love on Twitter. 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Here's Why Tencent Just Acquired A Twenty-Percent Stake In Chinese E-Commerce Giant JD.com For $215 Million SAI - Business Insider Tech BI Intelligence Events Trending Tech Finance Politics Strategy Life Sports Video All Continue to Business Insider » You will be redirected in seconds. × From To You have successfully emailed the post. Here's The Latest Sign That China's E-Commerce Market Is White Hot Cooper Smith Mar. 11, 2014, 2:21 PM 1,183 facebook linkedin twitter email print The Chinese e-commerce market is becoming an extremely competitive space. With lots of dollars at stake, companies that were not originally e-commerce focused are expanding their services to include digital marketplaces and payments platforms.  Most recently comes the announcement that Chinese consumer Internet giant Tencent has paid $215 million for a 15% stake in JD.com (formerly known as 360Buy), China's second-largest e-commerce company by transaction volume. Tencent will get an additional 5% stake in JD.com after the company files for an IPO. Tencent plans to integrate JD.com with its popular messaging app WeChat. More than 300 million people are active on WeChat each month, and the app already has its own built-in payments system. The new partnership means WeChat users will soon be able to purchase a huge array of products from within the app.  BI IntelligenceHere are the stats on JD.com, compiled by BI Intelligence: The company logged roughly $16 billion in sales in 2013, a 67% increase over the previous year. More than 15% of orders were placed via mobile apps, which is significantly higher than the market average in China. Mobile transactions will likely increase further after JD's integration with WeChat.   BI Intelligence, Business Insider's tech research service, has been tracking developments in China's e-commerce market and found significant growth, particularly on mobile. E-commerce sales in China topped $300 billion in 2013, according to some analyst estimates, and approximately 8% of those sales occurred via mobile devices, according to data from Credit Suisse. This is about seven percentage points below the share of mobile transactions on JD.com's platform. By 2015, mobile commerce overall could account for as much as 15% of China's e-commerce market. By leveraging its mobile messaging app, which is already extremely popular for payments, Tencent appears to be carving out its share of the crowded e-commerce market by investing heavily in the mobile commerce future.  For full access to BI Intelligence's  China Deck, along with all our charts, data, and analysis on the e-commerce industry, sign up for a free trial. Here's a look at how mobile commerce is expected to grow as a percent of total e-commerce in China:  BI Intelligence       More: BI Intelligence China Tencent WeChat Mobile Commerce Mobile Messaging facebook linkedin twitter email print Recommended For You Comments Comments on this post are now closed. 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GitHub Is Officially Part of Microsoft As $7.5 Billion Acquisition Closes Menu icon A vertical stack of three evenly spaced horizontal lines. Search icon A magnifying glass. It indicates, "Click to perform a search". Insider logo The word "Insider". 0 Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. Log in Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. Subscribe Subscribe Business The word Business Life The word Life News The word News Reviews The word Reviews Search icon A magnifying glass. It indicates, "Click to perform a search". Insider logo The word "Insider". Close icon Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification. 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Close icon Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification. Good Subscriber Account active since Shortcuts Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. Profile Newsletters FAQs Subscription Log out US Markets Loading... H M S In the news Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. HOMEPAGE Subscribe Subscribe Premium Home Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. Enterprise GitHub is now officially part of Microsoft following the close of its $7.5 billion acquisition Becky Peterson 2018-10-26T14:07:34Z Facebook Icon The letter F. Email icon An envelope. It indicates the ability to send an email. Twitter icon A stylized bird with an open mouth, tweeting. Twitter LinkedIn icon The word "in". LinkedIn Fliboard icon A stylized letter F. Flipboard Link icon An image of a chain link. It symobilizes a website link url. Copy Link Incoming GitHub CEO Nat Friedman (left) and Microsoft CEO Satya Nadella (right) Microsoft This story is available exclusively to Insider subscribers. Become an Insider and start reading now. It's official: Microsoft now owns GitHub.Microsoft acquired the developer platform for $7.5 billion in a deal first reported in June by Business Insider.GitHub announced it now has 31 million developers using its platform.The deal officially closed on Friday — now it's time for GitHub's new CEO Nat Friedman to get down to business.Microsoft's $7.5 billion acquisition of GitHub, which Business Insider first reported in June, is now complete, the company announced on Friday.GitHub is now officially run by Nat Friedman, the CEO of another Microsoft acquiree Xamarin. He reports directly to Scott Guthrie, Microsoft's cloud boss and head of AI.Friedman told Business Insider earlier this month that GitHub will become a cornerstone of Microsoft's newfound leadership position in the world of open-source software, where it's become a major player."I’ve spent the past few months meeting with hundreds of developers as I prepared for this role, from maintainers to startups to large businesses," Friedman said in a blog post Friday. "The passion for GitHub is amazing—both in the areas where we excel and in the areas where you want us to do more.""Three objectives will be top of mind for us as we build the future of GitHub: Ensuring GitHub is the best place to run productive communities and teams;  Making GitHub accessible to more developers around the world; Reliability, security, and performance," Friedman wrote.And Microsoft CEO Satya Nadella was no less enthused."We believe in the power of communities to achieve more together than what their members can do on their own, and that collaborative development through the open source process can accelerate innovation," Nadella said in a statement to Business Insider about the deal.GitHub also announced that it now has 31 million developers using its platform, an increase of 3 million since June.Read more about Microsoft's strategy with GitHub and how its new CEO Nat Friedman intends to drive the developer platform forward into its next stage of life. 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M&A

Cisco John Chambers Acquisition Strategy - Business Insider Enterprise BI Intelligence Events Trending Tech Finance Politics Strategy Life Sports Video All × From To You have successfully emailed the post. Cisco's John Chambers: What I Look For Before We Buy A Startup Julie Bort Jul. 23, 2014, 3:23 PM 8,263 1 facebook linkedin twitter email print Fortune Brainstorm TECH 2014Cisco CEO John Chambers See Also Zika just reached Argentina — here's a map of all the places it has spread so far America's most expensive weapons system ever just hit another snag Cisco's chairman, a long time Republican, thinks Trump will win the election but isn't happy about it Cisco is a huge $48 billion company and one big reason is acquisitions. Instead of an R&D budget, Cisco buys the tech it needs to grow and expand into new markets. It often buys 10 or more companies a year, most of them small deals, but it will spend billions, too. For instance, it bought security company Sourcefire for $2.7 billion in 2013. CEO John Chambers fully admits that he's bet wrong a few times, too. He’ll likely never live down shutting down Flip in 2011, two years after spending $590 million to acquire it. In 2013, he dumped another consumer acquisition home networking unit, Linksys. Earlier this month, he told attendees of the Fortune Brainstorm conference in Aspen, Colorado, that he won't pursue consumer businesses at all anymore. "The window was open for us to play in the consumer as data, voice, video came together. This is where you have to have the courage to take good business risks, because if you don’t, you never win," he said on stage. In an interview with Business Insider, Chambers explained his acquisition strategy in more detail. Most acquisitions fail, he says. "If we’re going to acquire, what are we going to do differently? We came up with six rules of thumb," he told us. "Whenever I’ve violated two of them, I usually get into trouble." They six rules are: 1. Share a vision. "Do you have the same vision of where industry is going as the target of your acquisition? If visions differ, you might get together economically for a while, but then you are going to have problems," he explains. 2. Corporate cultures have to match. "You know at the beginning. You listen to them: if [they] mention customers, if they share the success of the company with their employees, or just a couple of people at the top make all the money," he says. Plus he looks for "a healthy paranoia," explaining, "That’s what Silicon Valley is about. We all know we can get unseated very quickly — as quickly as two years." 3. Know what you are really buying, the people and the tech. "Understand what you are acquiring and protect it at all costs," he says. "You are acquiring people and next-generation products. You are making an investment that together you can grow faster, make more profits, and take more market share." If key people won't join Cisco, and the cultures are not similar enough to keep most of the employees, he won't buy. 4. The acquisition should be "strategic." He's looking for "a minimum target of 40% market share" and companies that have what he calls "sustainable differentiation" — meaning they have a unique technology not easily copied. And it also has to be profitable, "good industry-average margins." 5. The closer the location to Cisco the more successful the acquisition will be. "Geographic proximity is very important. Once you get out of the country, odds go down even more."  That's particularly interesting because at one point, Chambers threatened to stop buying U.S. companies mostly for the tax implications. He doesn't want to have to important off-shore cash for the transaction and pay taxes on that cash. So is he looking for offshore companies to buy. "Still am," he tells us. "But it makes it harder. You just go with your eyes wide open. You also don’t also go with a company that doesn’t have 'sustainable differentiation' or with a culture that’s different." 6. Listen to your existing customers. "If you listen to them the right way, they’ll tell you who to acquire, they’ll tell you want you are doing right and wrong. They’ll tell you what your challenges are in the future" he says. Even if he does all of that right, he says 1 out of 3 acquisitions will still fail, as in people will leave Cisco, or revenue targets won't grow, or the product will flop completely. "If Cisco is world class (as many people say we are) with acquisitions, we’re going to [do well] with 2 out of 3. That means we’re still going to miss on 1 out of 3," he says. READ THE FULL INTERVIEW: CISCO CEO JOHN CHAMBERS OPENS UP — An Interview With One Of The Most Important People In Technology More: Cisco Acquisition facebook linkedin twitter email print Recommended For You Comments Comments on this post are now closed. Insiders 0 All Comments 1 Apply To Be An "Insider" » Loading Cisco's John Chambers: What I Look For Before We Buy A Startup Cisco's John Chambers: What I Look For Before We Buy A Startup Cisco is a huge $48 billion company and one big... 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The FTC just got two more weeks to review Google's proposed acquisition of mobile ad network AdMob, the NYT reports. ... http://www.businessinsider.com/the-ftc-just-got-two-more-weeks-to-review-googles-proposed-acquisition-of-mobile-ad-network-admob-the-nyt-reports--2010-5/comments en-us Wed, 29 Jun 2016 15:21:06 -0400 Wed, 29 Jun 2016 15:21:06 -0400 http://static3.businessinsider.com/assets/images/bilogo-250x36-wide-rev.png Business Insider http://www.businessinsider.com

M&A

Why Companies Acquired 'Zombie Brands' Like Brooks Brothers, Pier 1 Menu icon A vertical stack of three evenly spaced horizontal lines. Search icon A magnifying glass. It indicates, "Click to perform a search". Insider logo The word "Insider". 0 Email icon An envelope. It indicates the ability to send an email. Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. Log in Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. Subscribe Subscribe Business The word Business Life The word Life News The word News Reviews The word Reviews Search icon A magnifying glass. It indicates, "Click to perform a search". Insider logo The word "Insider". Close icon Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification. 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It often indicates a user profile. Log in Subscribe Subscribe Newsletters World globe An icon of the world globe, indicating different international options." US Edition US INTL Asia Deutschland & Österreich Australia España India Japan México Netherlands Polska South Africa Get the Insider App Click here to learn more A leading-edge research firm focused on digital transformation. See our Research Facebook Icon The letter F. Twitter icon A stylized bird with an open mouth, tweeting. LinkedIn icon The word "in". YouTube icon A play button in the shape of a television screen. Instagram icon A stylized camera. * Copyright © 2022. All rights reserved. Registration on or use of this site constitutes acceptance of our Terms of Service ,  Privacy Policy and Cookies Policy. Sitemap Disclaimer Accessibility Commerce Policy CA Privacy Rights Coupons Made in NYC Jobs Stock quotes by finanzen.net Reprints & Permissions Insider logo The word "Insider". Close icon Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification. Good Subscriber Account active since Shortcuts Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. Profile Newsletters FAQs Subscription Log out US Markets Loading... H M S In the news Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. HOMEPAGE Subscribe Subscribe Premium Home Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. Retail We asked the new owners of bankrupt brands like Brooks Brothers, Radio Shack, and Pier 1 about the plans to revive them Catherine LeClair and Madeline Stone 2020-12-21T14:12:36Z Facebook Icon The letter F. Email icon An envelope. It indicates the ability to send an email. Twitter icon A stylized bird with an open mouth, tweeting. Twitter LinkedIn icon The word "in". LinkedIn Fliboard icon A stylized letter F. Flipboard Link icon An image of a chain link. It symobilizes a website link url. Copy Link Samantha Lee/Business Insider This story is available exclusively to Insider subscribers. Become an Insider and start reading now. The retail industry is on track for a record 11,157 store closures this year as the COVID-19 pandemic forces dozens of retailers into bankruptcy. But a handful of companies are rising up to acquire bankrupt brands on the cheap and save them from oblivion. "The way we see it is there's a value to these companies that maybe the business world doesn't appreciate the long-term value of," Elliot Nassim, the owner and president of Mason Asset Management, told Business Insider. Visit Business Insider's homepage for more stories. 2020 has been a devastating year for retail. The COVID-19 pandemic pummeled an industry that was already struggling to adapt to the rise of online shopping, leading to the announcement of 11,157 store closures for the year — a record, according to CoStar Group, a provider of commercial real-estate data. Nearly 40 major retailers and restaurant companies filed for bankruptcy.But that's not the full story.A handful of brand-management and holding companies are taking advantage of the difficult environment, buying bankrupt brands on the cheap and outlining plans to make them profitable again.The idea is to take over brands that shoppers are familiar with or may have strong feelings about and bring them back to life."The opportunity there for the brand-management company is to capture the value that is directly associated with the brand," Santiago Gallino, a professor of operations, information, and decisions at the Wharton School of the University of Pennsylvania, told Business Insider."There are many things that could go wrong for a company," Gallino said, adding, "But in some of those cases, the experience from the customer perspective is still intact."While there are smaller players, like Retail Ecommerce Ventures, or REV, which recently announced deals to acquire the branding assets of Pier 1 Imports and Stein Mart, Authentic Brands Group is perhaps the best-known company in the bunch. In its 10 years of business, it has acquired more than 50 brands, including Juicy Couture, Aeropostale, Forever 21, Frye, Nine West, and Barneys.Read more: Meet 5 companies snapping up bankrupt 'zombie brands' like Stein Mart, Brooks Brothers, and Pier 1Many of the brands ABG has acquired over the years were popular for quite some time before facing slumping sales or other challenges.ABG executives "go out and they find ways to create more value for that brand," Michael Zuccaro, a vice president and lead analyst for Authentic Brands Group at Moody's, told Business Insider.He added that ABG could add value by expanding brands' product assortment or moving them to new areas geographically or online. ABG — and other brand-management companies like it — could also help brands improve their sourcing network."You view it as an investment company. And they're going to invest in things that they think that they could create value and earn money from investments," he said.This year, ABG teamed up with Simon Property Group to create a formal partnership called Sparc. Sparc's portfolio now includes Brooks Brothers, which it acquired out of bankruptcy for $325 million in September, and Lucky Brand, which it bought for $140 million in August. Sparc also owns Nautica and Volcom."ABG has been a very good partner," David Simon, the CEO of Simon Property Group, said in an earnings call in November."They know how to blow out the license aspect of it, which we're a partner in," he said. "We get out of bad stores. We buy the inventory at a discount. We rightsize the overhead and ... with better business judgment, lo and behold, you suddenly have a business that's got positive — significant positive — EBITDA, and you haven't paid much for it."The landlords are becoming operators The remains of a JCPenney sign at a mall in Roanoke Rapids, North Carolina. ANDREW CABALLERO-REYNOLDS/AFP via Getty Images In the US, mall operators acquiring their retail tenants is a new phenomenon. But as the pandemic continues to create a challenging environment for retailers, there are indications it could be here to stay.In addition to its collaboration with ABG, Simon Property Group joined forces with Brookfield Asset Management, a fellow mall operator, to purchase the retail and operating assets of the department store JCPenney, which filed for Chapter 11 bankruptcy protection in May. The purchase was approved by the bankruptcy court on November 9, and JCPenney is set to exit Chapter 11.Simon and Brookfield, along with ABG, also partnered to purchase the fast-fashion brand Forever 21 in February.Through these deals, brand-management companies like ABG are able to strike rent agreements for a brand's stores with Simon, the landlord. The New York Times reported that the two companies had an agreement on "variable rent," meaning the cost of rent goes up and down with the store's sales.Where previously ABG was hesitant to keep the stores of the brands it purchased open, it may now have more flexibility to try that route. In the case of Brooks Brothers, Sparc agreed to keep at least 125 locations open.For Simon, the benefit is keeping stores at its properties open. It also gives it an inside look at how its tenants are doing.It lets Simon "get under the hood of the retailer to know how they're framing their strategy," said Ranjini Venkatesan, a vice president and senior analyst and the lead analyst for Simon Property Group at Moody's. That can include what kinds of products a store provides, the size of the store, and how the store design works."They probably had some idea" of these things, Venkatesan said, "but not in great depth."Smaller mall landlords are also thinking like the major players.Mason Asset Management, a commercial real-estate investment company that specializes in buying distressed malls, owns 60 enclosed malls around the country. This summer, it purchased its first retail company, Jennifer Furniture, along with a movie-theater chain, Goodrich Quality Theaters.Elliot Nassim, the owner and president of Mason Asset Management, said the company saw an opportunity "to go vertical" during the pandemic by investing in distressed brands that had promise. Nassim said the rise of home renovation during the pandemic bolstered the company's choice to purchase Jennifer Furniture, but he also cited the potential for a brand's longevity beyond its distressed period. Mason Asset Management has six Jennifer locations open."The way we see it is there's a value to these companies that maybe the business world doesn't appreciate the long-term value of," Nassim told Business Insider in an interview. "While today maybe the values are depressed and people are calling it quits, as mall operators and landlords, we understand the value of these brands."In the case of movie theaters, Nassim said that though the pandemic had essentially halted moviegoing, it would resume its place in American culture once the pandemic passes.Nassim added that the company wasn't just buying up brands so that its properties would have tenants.The theme of brand longevity and history underpins the strategies of many brand-management companies choosing which bankrupt brands to buy."It's not necessarily to sustain the mall — it's believing in the long-term viability of a Brooks Brothers, a Forever 21, where these things have a place in society," he said. "Maybe today they just need to be redirected."Buyers look for brands with staying power that can be revitalized post-bankruptcySeveral retailers filing for bankruptcy in 2020 were pushed over a cliff because of the pandemic but had struggled for years to find relevancy with consumers.To the average consumer, a distressed brand might seem worthless because it's not on trend for the year or decade. But some have been around longer than the people setting the trends; Brooks Brothers was founded in 1818, and JCPenney in 1902. These companies have likely heard the death knell of the suit or the department store multiple times over."While the tagline is 'retail is dying,' it's really not," Nassim said. "It's just that good candidates are rising to the top and the others have to be either repurposed or rethought out as to what they're going to become."That's where the zombie-brand buyers come in: to rethink these brands and find new ways to make them relevant, which often means taking the long view when deciding where to invest. Brands need to have staying power and an emotional impact on consumers to be able to bounce back from bankruptcy and go through a transformation.Marc Rosen, the executive vice president of entertainment at ABG, said that not every brand has that strength, especially in today's fragmented media landscape."Everyone thinks they're a brand, but very few people can transcend from being a star celebrity to becoming an actual national brand the same way," Rosen told Business Insider. "The word 'icon' gets thrown around a lot, but very few people are actually what you would consider to be true icons. It's about transcending a time and place."ABG owns not only iconic brands like Brooks Brothers, but the branding rights to legends like Elvis Presley, Marilyn Monroe, and Muhammad Ali — people who transcended celebrity status to become brands able to find relevancy with new audiences long after their heyday."These are brands that have proven over the test of time to be able to not only generate substantial economic value year over year but constantly find new audiences," Rosen said.Tai Lopez, the cofounder and executive chairman of REV, said the private holding company used something he calls "the Amish test" to assess whether a brand is worth acquiring. Lopez lived in the Amish community when he was younger and still owns a farm in Amish country.Lopez said that when REV bought Pier 1, Amish people "were like 'Oh, we've heard of it,' or 'We've driven by it on our horse and buggy,' meaning it's really well known in America." Lopez added, "We're looking for brand awareness."REV, which focuses on rebuilding struggling brands into e-commerce businesses, funds its acquisitions using a combination of the cofounders' personal capital and investments from a group of high-net-worth individuals. In November, it announced it had acquired Radio Shack's brand and websites, and on December 2, it announced its acquisition of Stein Mart's intellectual property. It paid about $6 million for Stein Mart. REV plans to revive Radio Shack, primarily as an e-commerce business. Robert Galbraith/Reuters How to give a bankrupt brand a new lease on lifeMajor players like ABG and Simon have the kind of capital necessary to buy the rights to household names like Brooks Brothers, Elvis, or Sports Illustrated, while smaller and newer companies like WHP Global, Marquee Brands, or REV might find success with less weighty names like Pier 1 Imports, Sur La Table, or Anne Klein.Still, even with these less historic names, buying a struggling brand for cheap is attractive because it's often easier than building a brand from scratch."You could try to develop these brands from the ground up," Gallino said. "But given the current retail landscape, there may be opportunities for them to acquire well-known brands and try to speed up these transitions."Once the brand is purchased, the new owner has to decide what to do with it. Rosen said ABG always begins by taking stock of what the brand has been and where it might go."Any brand that you acquire or start working with, you always start with where are we, where have we been? Are there fans that were with the brand and they're no longer with the brand?" Rosen said. "Or how do we find new consumers, whether it's an apparel brand or a celebrity brand or a media brand?"In the case of Brooks Brothers, the company appears to be taking a relatively conservative route toward revitalization. The brand will dip its toes into the booming athleisure trend, but using highbrow fabrics and patterns — think cashmere joggers and cable-knit hoodies. Brooks Brothers isn't likely to dive into streetwear anytime soon.But when ABG bought Sports Illustrated in 2019, it looked at all the ways that the sports industry was changing but that the magazine had not yet tapped into, Rosen said."There are elements of the sports conversation that were not even in the conversation only a few years ago," Rosen said, citing esports and sports betting as burgeoning avenues ABG wants to explore with the brand.Since acquiring Sports Illustrated, ABG has licensed it to create a line of nutritional supplements, CBD products, swimsuits, and merchandise collaborations featuring historic magazine covers on clothes. It also launched Sports Illustrated Studios to adapt stories from the magazine into TV shows, films, and podcasts.Read more: The company that owns Sports Illustrated sees it as more than a magazine — it's a way to license branded CBD cream, nutritional supplements, and bikinisIn some cases, this could erode trust with consumers; a traditionalist fan of Sports Illustrated might be disappointed to see the magazine's logo slapped on a nutritional supplement. But there's also the potential to reach untapped audiences."We want to be seen as holding true to the tradition of the brand. But you also need to challenge yourself and challenge your consumers to push into new areas and be seen in new ways," Rosen said. "Part of the fun challenge of doing what we do is that we don't want things to be frozen in time." Sign up for notifications from Insider! Stay up to date with what you want to know. Subscribe to push notifications Deal icon An icon in the shape of a lightning bolt. Keep reading Was this article valuable for you? Yes No Additional comments Email (optional) Receive a selection of our best stories daily based on your reading preferences. Submit SEE ALSO: The new owners of Radio Shack reveal their playbook for scooping up distressed brands, and bringing them back from the brink of death NOW WATCH: The rise and fall of USPS More: Retail authentic brands group Simon property group Bankruptcies Bankruptcy JCPenney Zombie brands Pier 1 Imports BI Graphics Samantha Lee Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. Deal icon An icon in the shape of a lightning bolt. For you Follow us on: * Copyright © 2022 Insider Inc. All rights reserved. Registration on or use of this site constitutes acceptance of our Terms of Service ,  Privacy Policy and Cookies Policy . 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Block Acquires GoParrot to Improve Restaurant Payment Tech Menu icon A vertical stack of three evenly spaced horizontal lines. Search icon A magnifying glass. It indicates, "Click to perform a search". Insider logo The word "Insider". 0 Newsletters Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. Log in Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. 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H M S In the news Close icon Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification. Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. HOMEPAGE 0 Newsletters Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. Log in Subscribe Subscribe Home Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. Finance Block builds out dining solutions suite with GoParrot acquisition Adriana Nunez 2022-05-20T13:20:42Z Save Article Icon A bookmark Facebook Icon The letter F. Email icon An envelope. It indicates the ability to send an email. Share icon An curved arrow pointing right. Twitter icon A stylized bird with an open mouth, tweeting. Twitter LinkedIn icon The word "in". LinkedIn Fliboard icon A stylized letter F. Flipboard Link icon An image of a chain link. It symobilizes a website link url. Copy Link Download the app Block acquires GoParrot to improve restaurant payment tech to capture higher volume in the hospitality sector. Adding vertical-specific products can help payment service providers expand their addressable markets and stand out from competitors. Insider Intelligence publishes hundreds of insights, charts, and forecasts on the Payments & Commerce industry. Learn more about becoming a client. Get a daily newsletter packed with financial services data, insights, and analysis from the Insider Intelligence team. Sign up for the II Daily. Loading Something is loading. Email address By clicking ‘Sign up’, you agree to be contacted by Insider Inc. and receive emails from Insider Intelligence and eMarketer (e.g. FYIs, partner content, webinars, and other offers) and accept our Terms of Service and Privacy Policy. You can opt-out at any time. The news: Block acquired restaurant ordering and marketing platform GoParrot for an undisclosed amount, per a press release. Insider Intelligence What is GoParrot? It offers a customizable white-label website and app so restaurants can set up and manage online ordering and delivery for their customers. GoParrot's platform lets restaurants create marketing campaigns and track customer and sales analytics. It also integrates with point-of-sale (POS) systems like Clover and delivery apps like DoorDash and  Uber Eats .What this means: Block can use GoParrot to fortify the Square ecosystem.GoParrot can be combined with Square for Restaurants.The suite includes payment hardware and software tailored for dining establishments. Bundling in GoParrot's solutions can help improve digital ordering services, which is a key priority for restaurants: 54% of US restaurant franchise owners said mobile ordering is a leading area of investment for 2022, per TD Bank and Engine Insights.Building out Square for Restaurants can help Block compete with players like Olo and Toast, which both offer restaurant-specific POS solutions.It can also help boost Block's revenue potential in the hospitality sector.Improving its restaurant tech with GoParrot can help Block attract more dining clients to capture higher volume in the restaurant industry. Although inflation and market uncertainty could threaten consumers' travel plans, the shift in spending from goods to services should keep consumers dining out.US food services and drinking place sales are still expected to grow robustly this year, which Block can capitalize on: Sales within this sector are expected to hit $929.79 billion in 2022, up from $815.60 billion last year, per Insider Intelligence forecasts.The bigger picture: Adding or strengthening vertical-specific products can help payment service providers expand their addressable markets and stand out from competitors.One-size-fits-all payment solutions may not cut it for businesses operating in specialized industries. Hotels, for instance, may benefit from payment technology that integrates with property management systems—while hair salons may need checkout software that combines scheduling and payments.Offering tailored solutions lets providers broaden their market scope and build client loyalty. Sixty-eight percent of global digital small business decision-makers said that working with payment service providers that understand their business is a priority for them, per a Paysafe survey.Want to read more stories like this one? Here's how you can gain access:Join other Insider Intelligence clients who receive Payments & Commerce forecasts, briefings, charts, and research reports to their inboxes each day. >> Become a ClientExplore related topics more in depth. >> Browse Our CoverageCurrent subscribers can access the entire Insider Intelligence content archive here. Loading Something is loading. Unlock this article from Insider Intelligence! Enter your email for access to our Financial Services Beyond the Chart newsletter delivering finance trends to your inbox: Email address Continue Reading Note: By entering your email and clicking Continue, you agree to receive emails from Insider Intelligence, and accept our Terms of Service and Privacy Policy. Sign up for notifications from Insider! Stay up to date with what you want to know. Subscribe to push notifications Deal icon An icon in the shape of a lightning bolt. Keep reading More: BI Intelligence BI Intelligence Content Marketing Insider Intelligence - Finance Financial Services News Close icon Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification. Follow us on: * Copyright © 2022 Insider Inc. All rights reserved. Registration on or use of this site constitutes acceptance of our Terms of Service ,  Privacy Policy and Cookies Policy . 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Google's Marissa Mayer Hints Google Might Still Buy Groupon Menu icon A vertical stack of three evenly spaced horizontal lines. Search icon A magnifying glass. It indicates, "Click to perform a search". Insider logo The word "Insider". 0 Newsletters Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. Log in Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. Subscribe Subscribe Business The word Business Life The word Life News The word News Reviews The word Reviews Business Tech Finance Markets Strategy Retail Advertising Healthcare Intelligence Life Entertainment Culture Travel Food Health Parenting Beauty Style News Politics Military & Defense Sports Opinion Reviews Tech Streaming Home Kitchen Style Beauty Gifts Deals Pets Parenting Coupons Health Learning Hobbies & Crafts Travel All A-Z Advertising Business Careers Coupons DoorDash Walmart Dell Staples Under Armour Culture Design Entertainment Executive Lifestyle Finance Food Health Healthcare Intelligence Latest Life Markets Insider Media Military & Defense News Opinion People Personal Finance Politics Premium Retail Reviews Science Sports Strategy Tech Transportation Travel TV Beauty Explorers Best in Town Bonkers Closets Festival Foodies Movies Insider Pop Culture Decoded The Making Of The Ultimate List Featured Better Capitalism Cities Connected Insider TV Master Your Money Next Stop Sustainable Finance Transforming Business About About Advertise Careers Contact Us Corporate Corrections Policy Follow RSS Sitemap Facebook Twitter Instagram YouTube LinkedIn Subscriptions Intelligence Premium US Markets Loading... H M S In the news Close icon Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification. Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. HOMEPAGE 0 Newsletters Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. Log in Subscribe Subscribe Home Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. Tech Google's Marissa Mayer Hints Google Might Still Buy Groupon Pascal-Emmanuel Gobry 2010-12-09T13:26:54Z Save Article Icon A bookmark Facebook Icon The letter F. Email icon An envelope. It indicates the ability to send an email. Share icon An curved arrow pointing right. Twitter icon A stylized bird with an open mouth, tweeting. Twitter LinkedIn icon The word "in". LinkedIn Fliboard icon A stylized letter F. Flipboard Link icon An image of a chain link. It symobilizes a website link url. Copy Link Download the app Flickr/Earcos Google's Marissa Mayer was on stage at LeWeb yesterday and was asked about Google's aborted acquisition of Groupon.While refusing to comment specifically, she did say that "the larger the company, the more complicated the deal is" and the longer it takes. We're being told that a big reason the Google-Groupon deal fell apart were regulatory issues, and particularly the fact that Google wouldn't agree to a big breakup fee in case the deal is blocked by antitrust concerns.So the deal is just complicated and takes time because it's so big. After all, Google was pretty patient in its previous huge acquisitions of DoubleClick and AdMob. So there's nothing stopping Google coming back to Groupon's board with a bigger breakup fee (and maybe a bigger sticker price).But of course, little can change the fact that with Groupon's gross revenues at a mind-bloggling $2 billion run rate, they'd be crazy to quit now. Sign up for notifications from Insider! Stay up to date with what you want to know. Subscribe to push notifications Deal icon An icon in the shape of a lightning bolt. Keep reading Newsletter Get the latest tech news & scoops — delivered daily to your inbox. Loading Something is loading. Email address By clicking ‘Sign up’, you agree to receive marketing emails from Insider as well as other partner offers and accept our Terms of Service and Privacy Policy. More: Google Groupon Startups Online Mergers And Acquisitions Mergers/Buyouts Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. Close icon Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification. Recommended Video Follow us on: * Copyright © 2022 Insider Inc. All rights reserved. Registration on or use of this site constitutes acceptance of our Terms of Service ,  Privacy Policy and Cookies Policy . Contact Us Sitemap Disclaimer Accessibility Commerce Policy Advertising Policies CA Privacy Rights Coupons Made in NYC Jobs Stock quotes by finanzen.net Reprints & Permissions International Editions: United States US International INTL Asia AS Deutschland & Österreich AT Deutschland DE España ES India IN Japan JP México MX Netherlands NL Polska PL South Africa ZA

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Lululemon Reportedly Exploring Sale of Mirror, Its $500 Million Acquisition Jump to Main content Search Account Menu icon A vertical stack of three evenly spaced horizontal lines. Search icon A magnifying glass. It indicates, "Click to perform a search". Insider logo The word "Insider". 0 Newsletters Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. Log in Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. 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H M S In the news Close icon Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification. Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. HOMEPAGE 0 Newsletters Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. Log in Subscribe Home Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. Retail Lululemon reportedly exploring a sale of Mirror, the struggling fitness tech brand it bought for $500 million Matthew Kish 2023-04-17T20:48:52Z Save Article Icon A bookmark Facebook Icon The letter F. Email icon An envelope. It indicates the ability to send an email. Share icon An curved arrow pointing right. Twitter icon A stylized bird with an open mouth, tweeting. Twitter LinkedIn icon The word "in". LinkedIn Fliboard icon A stylized letter F. Flipboard Facebook Icon The letter F. Facebook Email icon An envelope. It indicates the ability to send an email. Email Link icon An image of a chain link. It symobilizes a website link url. Copy Link Read in app Lululemon is considering selling its Mirror business, which could eliminate a "distraction," according to one analyst. Courtesy Lululemon Redeem now Lululemon purchased Mirror in 2020 for $500 million. On Monday, Bloomberg reported Lululemon is exploring a sale of the business. An analyst said selling Mirror could eliminate a "distraction" for Lululemon. Top editors give you the stories you want — delivered right to your inbox each weekday. Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed while you're on the go. download the app Email address By clicking ‘Sign up’, you agree to receive marketing emails from Insider as well as other partner offers and accept our Terms of Service and Privacy Policy. Lululemon is exploring a sale of its Mirror fitness-product business, according to Bloomberg. The sportswear company acquired the business for $500 million in 2020, at the height of the at-home fitness trend, but it has struggled to integrate it with its core business of selling athletic apparel and footwear, with one analyst on Monday writing that selling Mirror could eliminate a "distraction." "We do believe that the commitment of Lululemon to Mirror has likely waned meaningfully, lately, and expect that management could opt to completely divest the business, to limit any further strategic distraction," wrote Oppenheimer analyst Brian Nagel, in a note to investors.Oppenheimer has an "outperform" rating on Lululemon's stock. Nagel also wrote that he had not confirmed the accuracy of the Bloomberg report. While Lululemon's Mirror business has struggled, its overall business remains strong. Lululemon sales increased 30% to $8.1 billion last year. "We don't comment on rumors or speculation," Lululemon said in a statement provided to Insider. "As previously announced, we are shifting the focus of Lululemon Studio from a hardware-centric offering to one that is also focused on digital app-based services going forward. This work is underway, and our strategy will enable us to create long-term value and build a larger community of guests with a deeper connection to Lululemon."Some of Lululemon's employees have been skeptical of the company's plans for Mirror, including those who questioned how a $1,495 high-tech interactive screen could be marketed and sold alongside $118 leggings and $128 pants. Analysts, as well, have long questioned the deal.  At an investor day last year, Lululemon rolled out a new plan for Mirror, including the launch of Lululemon Studio, a membership plan for its Mirror device.But the company's forecasts for Mirror continued to come up short.On a March earnings call, Lululemon executives announced a $443 million impairment charge on the business. "As you know, the overall at-home fitness space remains challenged," Chief Financial Officer Meghan Frank said, on a March call with stock analysts. "Mirror hardware sales during the holiday season came in below our expectation." Do you work at Lululemon or have insight to share? Contact the reporter Matthew Kish via the encrypted messaging app Signal (+1-971-319-3830) or email ([email protected]). Check out Insider's source guide for other tips on sharing information securely. Sign up for notifications from Insider! Stay up to date with what you want to know. Subscribe to push notifications Read next NOW WATCH: Sportswear Lululemon Sneakers More... Close icon Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification. Recommended Video Follow us on: * Copyright © 2023 Insider Inc. All rights reserved. Registration on or use of this site constitutes acceptance of our Terms of Service and Privacy Policy. 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Snapchat Had Acquisition Talks With AdRoll As It Seeks to Grow Ad Tech Insider logo The word "Insider". Set up later Close icon Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification. Menu icon A vertical stack of three evenly spaced horizontal lines. Search icon A magnifying glass. It indicates, "Click to perform a search". Insider logo The word "Insider". Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. BI Prime Intelligence Log in Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. Subscribe Subscribe Business The word Business Life The word Life News The word News Reviews The word Reviews Search icon A magnifying glass. It indicates, "Click to perform a search". Insider logo The word "Insider". Close icon Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification. 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It often indicates a user profile. Log in Subscribe Subscribe Newsletters World globe An icon of the world globe, indicating different international options." US Edition US INTL Australia Deutschland & Österreich España France India Italia Japan México Nederland Nordic Polska South Africa A leading-edge research firm focused on digital transformation. See our Research Facebook Icon The letter F. Twitter icon A stylized bird with an open mouth, tweeting. LinkedIn icon The word "in". YouTube icon A play button in the shape of a television screen. Instagram icon A stylized camera. * Copyright © 2021. All rights reserved. Registration on or use of this site constitutes acceptance of our Terms of Service ,  Privacy Policy and Cookies Policy. Sitemap Disclaimer Accessibility Commerce Policy CA Privacy Rights Coupons Made in NYC Jobs Stock quotes by finanzen.net Reprints & Permissions Insider logo The word "Insider". Close icon Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification. Good Subscriber Account active since Edit my Account Free subscriber-exclusive audiobook! “No Rules Rules: Netflix and the Culture of Reinvention” Get it now on Libro.fm using the button below. Redeem your free audiobook Premium Articles Upgrade Membership Newsletter Preferences My Subscription FAQs Log out US Markets Loading... H M S DOW -0.00% S&P 500 -0.00% NASDAQ 100 -0.00% Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. HOMEPAGE Subscribe Subscribe Premium Home Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. Tech Snap had acquisition talks with AdRoll and is actively shopping for ad tech startups Alexei Oreskovic and Alex Heath 2017-07-14T20:36:00Z Facebook Icon The letter F. Email icon An envelope. It indicates the ability to send an email. Twitter icon A stylized bird with an open mouth, tweeting. Twitter LinkedIn icon The word "in". LinkedIn Fliboard icon A stylized letter F. Flipboard Link icon An image of a chain link. It symobilizes a website link url. Copy Link This story is available exclusively to Insider subscribers. Become an Insider and start reading now. Snap Chief Strategy Officer Imran Khan is responsible for growing the company's fledgling ad business. Reuters Snapchat is shopping for ad tech companies to help bolster its appeal to marketers, a process that led the company to have acquisition talks with AdRoll, Business Insider has learned.Snapchat's main targets are startups in the marketing tech and ad tech sectors, as the social network owned by parent company Snap Inc. seeks to grow its ad business and allay investor concerns that have punished its stock price. "They're looking for some business, or a set of businesses, that can help them demonstrate the efficacy of their ads," a person familiar with the matter told BI. Snap acquired Placed for reportedly over $200 million in June to give it access to third-party measurement on tracking real-world purchases and store visits.Discussions with San Francisco-based AdRoll began shortly before Snap's March IPO and continued after. Although there were multiple meetings between the two companies, an offer price was never put on the table and AdRoll is currently in more serious discussions with several other bidders, the person said.A Snap spokesperson declined to comment for this story. AdRoll didn't respond to multiple requests for comment on Friday.AdRoll has raised roughly $91 million in venture capital funding to date and claims to be the most widely-used independent programmatic advertising platform, with more than 35,000 customers. The company is borderline profitable and on pace to do over $300 million in revenue this year, another person familiar with its business said.Feeling the pressureBuying AdRoll would give Snap a deeper foothold in ad targeting and campaign management along with e-commerce expertise, a third ad industry insider told BI."Snapchat buying AdRoll would be somewhat analogous to Google buying DoubleClick," the person said, referencing Google's blockbuster $3.1 billion purchase from 2007 that signaled its push into online advertising beyond its own scope.Although incredibly popular with younger users, Snap is under pressure to convince advertisers that its ads can deliver, especially compared to proven rivals like Facebook and Google.Snap's stock sank below its $17 initial public offering price this week, as a series of Wall Street analysts downgraded the stock due to Snap's slower-than-expected growth and fierce competition from Facebook-owned Instagram.  "We have been wrong about Snap's ability to innovate and improve its ad product this year (improving scalability, targeting, measurability, etc.) and user monetization as it works to move beyond 'experimental' ad budgets into larger branded and direct response ad allocations," Morgan Stanley analyst Brian Nowak wrote in a note to clients earlier this week.Although Snap's talks with AdRoll have not gotten serious enough to progress to an offer, Snap is actively looking at other firms in the broad and increasingly overlapping field of advertising and marketing technology. Another name that has been bandied about as being on Snap's radar is Segment, a customer data tracking tool for marketers, although it could not be learned if the two companies have had deal talks.Do you know more about Snap's acquisition talks? Contact the author securely and discreetly via email ([email protected]) or via Twitter direct message. Visit Markets Insider for constantly updated market quotes for individual stocks, ETFs, indices, commodities and currencies traded around the world. Go Now! Sign up for notifications from Insider! Stay up to date with what you want to know. Subscribe to push notifications Was this article valuable for you? Yes No Additional comments Email (optional) Receive a selection of our best stories daily based on your reading preferences. Submit Newsletter Start your day with the biggest stories in tech. Sign up for 10 Things in Tech. Loading Something is loading. Email address By clicking ‘Sign up’, you agree to receive marketing emails from Insider as well as other partner offers and accept our Terms of Service and Privacy Policy. SEE ALSO: Why advertisers should pay attention to Snapchat's new maps feature NOW WATCH: RICH GREENFIELD: There is just one way for Snapchat to survive Facebook More: SNAP Snapchat AdRoll Advertising Markets Markets Insider Prime Archive Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. Follow us on: * Copyright © 2021 Insider Inc. All rights reserved. Registration on or use of this site constitutes acceptance of our Terms of Service ,  Privacy Policy and Cookies Policy . 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How Yahoo Decides To Acquire - Business Insider Tech BI Intelligence Events Trending Tech Finance Politics Strategy Life Sports Video All × From To You have successfully emailed the post. Yahoo Has Bought 41 Companies In Two Years: This Is How It Decides Who To Buy, What To Pay Julie Bort Jul. 16, 2014, 12:20 PM 13,855 2 facebook linkedin twitter email print Fortune Brainstorm TECHYahoo's M&A and HR chief, Jacqueline Reses See Also Yahoo CEO Marissa Mayer got a $6 million pay cut last year, but still got $36 million The list of Yahoo buyers is winding down, and most want to pay cash The woman who was almost Yahoo's CEO says the company has become 'mediocre' and needs a new owner At almost the very moment that Yahoo was reporting its disappointing quarterly earnings, and saying it would keep a bigger stake in the hot Chinese internet company Alibaba after its IPO than originally planned, the woman responsible for the Alibaba deal was on stage at the Fortune Brainstorm conference in Aspen, Colorado.  She was talking about her merger and acquisitions strategy. Jacqueline Reses is chief development officer for Yahoo and is also the head of Yahoo's HR department. Reses joined in September 2012, shortly after CEO Marissa Mayer took the helm. Mayer lured her away from a career as a private equity investor for Apax Partners. Reses is not a typical corporate mouthpiece. On stage she was funny and irreverent. At one point, when asked to give a yes/no answer on if she thought competitor AOL would be acquired in the next two years, without missing a beat she joked, "Not by us." The room laughed and the line went viral on Twitter. It says a lot about Yahoo's turnaround strategy to combine M&A with HR and hand both roles to a dealmaker. Reses has done an exhausting 41 transactions in the past two years, she says, and if the pace has slowed down recently, that's mostly because she's focused on the Alibaba IPO. She's a board member for Alibaba, and Yahoo owns roughly 24% of the company. It's expected to go public sometime this fall in a huge IPO. The Chinese e-commerce site is valued by investors at $200 billion. Yahoo was supposed to have to sell 208 million Alibaba shares in the IPO. But Reses renegotiated so that Yahoo would sell 140 million shares, the company said on Tuesday. Keeping a larger stake of such a fast-growing company should be good for Yahoo's investors. Here's what she told Brainstorm attendees about her dealmaking: She makes three kinds of acquisitions: talent, tech, and strategy. For an acqu-hire she looks at the "quality of the people." For a "tech" buy, she looks at how well the tech can integrate with Yahoo's existing tech. A strategy buy is considered "transformational," such as Yahoo's $1.1 billion purchase of Tumblr. Except for a handful of big, publicly disclosed deals, all of the deals have been fairly small. "In the 10s and 20s," she said, referring to $10 million to $20 million. However, many of them are far smaller than that. From January-March, Yahoo bought five companies, and the total purchase price for these acquisitions was $23 million, it said. Does that mean that Yahoo is low-balling its offers? Maybe. "When we do a transaction, we make an offer. We care greatly about the success of team. If investors take the transaction, then they think the valuation is fair," she said. The biggest factor in making an offer is if the culture and people are a good fit with Yahoo, she says. Of the 41 deals, almost none of them involved some kind of bidding war nor did they involve investment bankers. Tumblr was an exception in that it did involve bankers. She didn't comment on whether a bidding war happened, but the presence of bankers usually indicates an effort to shop a company around for other offers. There was some speculation that Facebook was interested. Yahoo starts measuring the "success" of the acquisition right away, she said, looking at the stuff you would expect: productivity of the people for an acqu-hire; how quickly the tech has been integrated to Yahoo's offerings for a tech buy; and looking at growth, revenue, and trajectories for a strategic buy. More: Yahoo Mergers And Acquisitions facebook linkedin twitter email print Recommended For You Comments Comments on this post are now closed. Insiders 0 All Comments 2 Apply To Be An "Insider" » Loading Yahoo Has Bought 41 Companies In Two Years: This Is How It Decides Who To Buy, What To Pay Yahoo Has Bought 41 Companies In Two Years: This Is How It Decides Who To Buy, What To Pay At almost the very moment that Yahoo was... 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Intel Buying Mobileye Jump to Main content Search Account Menu icon A vertical stack of three evenly spaced horizontal lines. Search icon A magnifying glass. It indicates, "Click to perform a search". Insider logo The word "Insider". 0 Newsletters Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. Log in Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. 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H M S In the news Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. HOMEPAGE 0 Newsletters Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. Log in Subscribe Premium Home Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. Finance IT'S OFFICIAL: Intel is buying the autonomous-driving company Mobileye for $15.3 billion Portia Crowe 2017-03-13T10:13:37Z Save Article Icon A bookmark Facebook Icon The letter F. Email icon An envelope. It indicates the ability to send an email. Share icon An curved arrow pointing right. Twitter icon A stylized bird with an open mouth, tweeting. Twitter LinkedIn icon The word "in". LinkedIn Fliboard icon A stylized letter F. Flipboard Facebook Icon The letter F. Facebook Email icon An envelope. It indicates the ability to send an email. Email Link icon An image of a chain link. It symobilizes a website link url. Copy Link Download the app This story is available exclusively to Insider subscribers. Become an Insider and start reading now. Redeem now Mobileye technology. Thomson Reuters Intel is buying the Israeli autonomous-driving company Mobileye for $63.54 a share in cash, or about $15.3 billion.Mobileye soared about 30% in premarket trading Monday after the Israeli newspaper Haaretz broke the news.The Jerusalem-based company develops vision-based driver-assistance tools to provide warnings before collisions."Mobileye brings the industry's best automotive-grade computer vision and strong momentum with automakers and suppliers," Intel CEO Brian Krzanich said in a statement."Together, we can accelerate the future of autonomous driving with improved performance in a cloud-to-car solution at a lower cost for automakers."Tesla began incorporating Mobileye's technology into Model S cars in 2015.In January, it announced it was developing a test fleet of autonomous cars together with BMW and Intel.Mobileye was cofounded in 1999 by Amnon Shashua, an academic, and Ziv Aviram, who is the CEO. Goldman Sachs and Morgan Stanley took it public in 2014.Here's the full press release:SANTA CLARA, Calif. & JERUSALEM--(BUSINESS WIRE)--Intel Corporation (NASDAQ: INTC) and Mobileye N.V. (NYSE: MBLY) today announced a definitive agreement under which Intel would acquire Mobileye, a global leader in the development of computer vision and machine learning, data analysis, localization and mapping for advanced driver assistance systems and autonomous driving. Pursuant to the agreement, a subsidiary of Intel will commence a tender offer to acquire all of the issued and outstanding ordinary shares of Mobileye for $63.54 per share in cash, representing an equity value of approximately $15.3 billion and an enterprise value of $14.7 billion.The combination is expected to accelerate innovation for the automotive industry and position Intel as a leading technology provider in the fast-growing market for highly and fully autonomous vehicles. Intel estimates the vehicle systems, data and services market opportunity to be up to $70 billion by 2030. This transaction extends Intel’s strategy to invest in data-intensive market opportunities that build on the company’s strengths in computing and connectivity from the cloud, through the network, to the device.This acquisition will combine the best-in-class technologies from both companies, spanning connectivity, computer vision, data center, sensor fusion, high-performance computing, localization and mapping, machine learning and artificial intelligence. Together with partners and customers, Intel and Mobileye expect to deliver driving solutions that will transform the automotive industry. The combined global autonomous driving organization, which will consist of Mobileye and Intel’s Automated Driving Group, will be headquartered in Israel and led by Prof. Amnon Shashua, Mobileye’s Co-Founder, Chairman and CTO. The organization will support both companies’ existing production programs and build upon relationships with automotive OEMs, Tier-1 suppliers and semiconductor partners to develop advanced driving assist, highly autonomous and fully autonomous driving programs. Intel Senior Vice President Doug Davis will oversee the combined organization’s engagement across Intel’s business groups and will report to Prof. Amnon Shashua after the transaction’s closing.“This acquisition is a great step forward for our shareholders, the automotive industry and consumers,” said Brian Krzanich, Intel CEO. “Intel provides critical foundational technologies for autonomous driving including plotting the car’s path and making real-time driving decisions. Mobileye brings the industry’s best automotive-grade computer vision and strong momentum with automakers and suppliers. Together, we can accelerate the future of autonomous driving with improved performance in a cloud-to-car solution at a lower cost for automakers.”“We expect the growth towards autonomous driving to be transformative. It will provide consumers with safer, more flexible, and less costly transportation options, and provide incremental business model opportunities for our automaker customers,” said Mr. Ziv Aviram, Mobileye Co-Founder, President and CEO. “By pooling together our infrastructure and resources, we can enhance and accelerate our combined know-how in the areas of mapping, virtual driving, simulators, development tool chains, hardware, data centers and high-performance computing platforms. Together, we will provide an attractive value proposition for the automotive industry.”As cars progress from assisted driving to fully autonomous, they are increasingly becoming data centers on wheels. Intel expects that by 2020, autonomous vehicles will generate 4,000 GB of data per day, which plays to Intel’s strengths in high-performance computing and network connectivity. The complexity and computing power of highly and fully autonomous cars creates large-scale opportunities for high-end Intel® Xeon® processors and high-performance EyeQ®4 and EyeQ®5 SoCs, high-performance FPGAs, memory, high-bandwidth connectivity, and computer vision technology.Transaction Details and TimingThe transaction is expected to be accretive to Intel’s non-GAAP EPS and free cash flow immediately. Intel intends to fund the acquisition with cash from the balance sheet.The transaction is expected to close within the next nine months. It has been approved by the Intel and Mobileye Boards of Directors and is subject to the receipt of certain regulatory approvals and other closing conditions. The offer is not subject to any financing conditions.An Extraordinary General Meeting of Mobileye’s shareholders will be convened in connection with the offer to adopt, among other things, certain resolutions relating to the transaction.For further information regarding the terms and conditions contained in the definitive agreement, please see Intel’s Current Report on Form 8-K and Mobileye’s Current Report on Form 6-K, which will be filed with the Securities and Exchange Commission in connection with this transaction. The offer will be described in more detail in a tender offer statement on Schedule TO to be filed by Intel and one or more of its subsidiaries and a solicitation/recommendation statement on Schedule 14D-9 to be filed by Mobileye.Citi and Rothschild Inc. serve as financial advisors and Skadden, Arps, Slate, Meagher & Flom LLP serves as legal counsel to Intel. Raymond James & Associates, Inc. serves as financial advisor and Morrison & Foerster LLP serves as legal counsel to Mobileye. Sign up for notifications from Insider! Stay up to date with what you want to know. Subscribe to push notifications Read next Was this article valuable for you? Yes No Additional comments Email (optional) Receive a selection of our best stories daily based on your reading preferences. Submit Newsletter Sign up for our newsletter to get the latest stories in hedge funds, PE, fintech, and banking — delivered daily to your inbox. Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed while you're on the go. download the app Email address By clicking ‘Sign up’, you agree to receive marketing emails from Insider as well as other partner offers and accept our Terms of Service and Privacy Policy. NOW WATCH: How Tesla CEO Elon Musk makes and spends his $19.2 billion Wall Street Intel Mobileye More... 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Google Acquires Search Startup Aardvark For $50 Million - Business Insider Tech BI Intelligence Events Trending Tech Finance Politics Strategy Life Sports Video All × From To You have successfully emailed the post. Google Acquires Search Startup Aardvark For $50 Million Nicholas Carlson Feb. 11, 2010, 12:27 PM 4,187 5 facebook linkedin twitter email print See Also Google's new products prove it has still the best tech chops — but it might not matter This startup worker came up with a great way to tune out of conference calls Google has set up an AI group called 'Magenta' to see if computers can produce original art and music Google (GOOG) has acquired search startup Aardvark for $50 million, TechCrunch reports. Aardvark is a Silicon Valley-based startup founded by a bunch of ex-Googlers. How it works is you ask it a question via email or IM and it goes to your Facebook friends (and their friends) looking for an answer. Once it gets one, it IMs or emails you back. TechCrunch: Google has acquired social search service Aardvark, says a source that has been briefed on the deal, for around $50 million. We first reported on the discussions between the two companies in December. Those discussions have now turned into a signed deal, says our source, and will be announced today or tomorrow. A couple weeks ago, we heard IAC took a look at Aardvark and passed. Google is going on a startup acquisition binge these days. Here's why: Google has a ton of cash. It can't spend big chunks of it on big companies because of antitrust concerns. Google is losing talented entrepreneurs left and right. So how well will Google integrate all these new startups? Don't miss: Grading Google's Acquisitions More: Media Google Mergers And Acquisitions Big Tech Search Startups facebook linkedin twitter email print Recommended For You The Board Room Editors' Picks hello on Feb 11, 12:35 PM said: make it rain.make it rain.make it rain. make it rain. make it rain.make it rain.make it rain. make it rain. Comments Comments on this post are now closed. Insiders 0 All Comments 5 Apply To Be An "Insider" » Loading Google Acquires Search Startup Aardvark For $50 Million Google Acquires Search Startup Aardvark For $50 Million Google's acquisition binge goes on. Recommended For You Featured These high-tech classes are the coolest thing happening in schools today More "Future Now" » Neil deGrasse Tyson and Al Gore on the future of our planet — and everything else More "Innovators" » Get Tech Emails & Alerts Sign-Up Learn More » Tech Select Tech Chart Of The Day Business Insider Select 10 Things In Tech You Need To Know Mobile Insights BII Mobile Insights More Featured Business Insider Select Tech Select Tech Chart Of The Day Markets Chart Of The Day 10 Things Before the Opening Bell Instant MBA Business Insider Events BI Intelligence Daily Finance Finance Select Markets Select Monday Scouting Report Your Money Select Financial Advisor Insights Smart Investor CFO Insider Finance Insider Wealth Advisor Select Strategy Strategy Select Advertising Select Retail Select Careers Select 10 Things You Need To Know In Advertising Politics Politics Select Military Select Life Life Select Transportation Select Education Select Entertainment Select Breaking News Tech Enterprise Select Science Select Mobile Chart Of The Day E-Commerce Chart Of The Day Payments Chart Of The Day Digital Media Chart Of The Day IoT Chart of the Day Fintech Briefing Charts of the Day Sports Chart Of The Day Top 10 Things 10 Things In Tech You Need To Know Closing Bell Sports Sports Latest Research Our 25 Top Tech Predictions The Payments Ecosystem Report The Fintech Ecosystem Report The Internet of Things Report Read Business Insider On The Go Available for iPhone, iPad, and Android Find A Job Tech Jobs C-Level Jobs Media Jobs Design Jobs Finance Jobs Sales Jobs See All Jobs » Thanks to our partners * Copyright © 2016 Business Insider Inc. All rights reserved. Registration on or use of this site constitutes acceptance of our Terms of Service and Privacy Policy. Disclaimer Commerce Policy Made in NYC Stock quotes by finanzen.net International Editions: UKDEAUSIDINMYSGPLSE

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LinkedIn, Which Microsoft Bought for $26.2 Billion, Will Move to Azure Menu icon A vertical stack of three evenly spaced horizontal lines. Search icon A magnifying glass. It indicates, "Click to perform a search". Insider logo The word "Insider". 0 Newsletters Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. Log in Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. 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H M S In the news Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. HOMEPAGE 0 Newsletters Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. Log in Subscribe Subscribe Premium Home Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. Enterprise The CTO of LinkedIn explains how and why it's making the massive shift to Microsoft's cloud, 3 years after the $26.2 billion acquisition Rosalie Chan 2020-01-08T20:57:00Z Save Article Icon A bookmark Facebook Icon The letter F. Email icon An envelope. It indicates the ability to send an email. Share icon An curved arrow pointing right. Twitter icon A stylized bird with an open mouth, tweeting. Twitter LinkedIn icon The word "in". LinkedIn Fliboard icon A stylized letter F. Flipboard Link icon An image of a chain link. It symobilizes a website link url. Copy Link Download the app LinkedIn CEO Jeff Weiner. Stephen Lam/Getty Images This story is available exclusively to Insider subscribers. Become an Insider and start reading now. Three years after Microsoft bought it for $26.2 billion, LinkedIn is making the move to the Microsoft Azure cloud.The move was first announced in July, but the company estimates the project's completion date will be within the next three and a half years, Raghu Hiremagalur, LinkedIn's chief technology officer and vice president of engineering, told Business Insider.Hiremagalur said the idea to move from its own data centers to Azure came from LinkedIn itself, not Microsoft. The appeal of Azure is the opportunity to take advantage of Microsoft's global footprint, storage and computing power, and security infrastructure to open new doors for LinkedIn.Click here to read more BI Prime stories.In July, the professional social network LinkedIn announced it would move completely to the Microsoft Azure cloud.This may seem overdue. LinkedIn has been under Microsoft's umbrella for about three years, following a blockbuster $26.2 billion acquisition.However, LinkedIn has from the very beginning hosted itself from its own private data centers: Microsoft gave LinkedIn an unusual amount of control over its fate after the deal closed and made no apparent move to force any changes to its technology infrastructure.But now, LinkedIn will move to Azure because of the "opportunity, not need," Raghu Hiremagalur, LinkedIn's chief technology officer and vice president of engineering, told Business Insider. The move will take about three and a half years, according to Hiremagalur.However, he said it was worth the time and hassle: LinkedIn works just fine as it runs today, but moving to the cloud will give it more opportunities to take advantage of future technologies, he said. He also highlighted Azure's major presence in data centers all over the globe, which he said would help LinkedIn better serve customers around the world. "We made this decision primarily to significantly increase our agility in our infrastructure," Hiremagalur told Business Insider. "From what we see, the way innovation has happened in public cloud, specifically in Azure, we would like access to such technologies moving forward.""Overall at the high level, we are doing this because we see this as an opportunity for us right now, not because we have a need to do this," Hiremagalur said. "There's a very deep sense of commitment from the Azure leadership team and LinkedIn to make this a success," he added.'Obviously, they were happy we were interested'Though Microsoft owns LinkedIn, it didn't ask the networking site to move to its cloud, Hiremagalur said. Instead, LinkedIn initiated the conversation. That said, it didn't even think about moving to rival clouds like Google Cloud or Amazon Web Services, Hiremagalur added."We reached out to folks at Microsoft and said we believe this is the right next step in the long term for us," Hiremagalur said. "Obviously, they were happy we were interested."The cloud is attractive to LinkedIn because it can help manage its computing and storage needs more efficiently — public-cloud platforms like Azure allow customers to grow or shrink their infrastructure depending on the capacity needed in the moment.Hiremagalur also praised Azure's security, which uses advanced artificial intelligence and other cutting-edge techniques, reducing LinkedIn's reliance on more traditional firewalls.Slow and steadyLinkedIn plans to move onto Azure one region at a time. Hiremagalur estimates that in 2021, LinkedIn will be ready to start moving customer-facing traffic to Azure in at least one such region. They're taking it slow and steady, he said, because he doesn't want there to be any kind of disruption for users between now and the completion of the project.The ultimate goal is that by the time the project is finished, LinkedIn will be completely off its data centers and entirely in the cloud. The company did explore the possibility of using hybrid-cloud technology to connect, rather than replace, its data centers with Azure, but the team decided against it because it "creates more complexity.""Homogeneity in software stack overall is a big plus," Hiremagalur said. "That's why hybrid is not something we want."The team isn't exactly starting from scratch, though. LinkedIn already has a tight collaboration with the Azure team, Hiremagalur said, and uses Azure's capabilities for spam detection. It's starting to explore the possibility of building Azure-powered machine-learning features too. This is just the start, he said."I would like to over time figure out ways to embrace more native Azure capabilities," Hiremagalur said. "I want us to start leaning on Azure for things they are very good at so we can start focusing on things we're good at."By that same token, Hiremagalur said that it would take some planning to get there."We want to leverage Azure for what we see as an opportunity — the kinds of networking backbone that Azure has, the investments they're making, and storage innovations," Hiremagalur said. "Evolutions of these things will become a reality. Those are things we want access to."Got a tip? Contact this reporter via email at [email protected], Signal at 646.376.6106, Telegram at @rosaliechan, or Twitter DM at @rosaliechan17. (PR pitches by email only, please.) Other types of secure messaging available upon request. You can also contact Business Insider securely via SecureDrop. Sign up for notifications from Insider! Stay up to date with what you want to know. Subscribe to push notifications Deal icon An icon in the shape of a lightning bolt. Keep reading Was this article valuable for you? Yes No Additional comments Email (optional) Receive a selection of our best stories daily based on your reading preferences. Submit SEE ALSO: Microsoft scored a huge upset over Amazon when it won the $10 billion JEDI contract. Here's how seven senior tech and VC employees think it will impact the cloud wars. NOW WATCH: Microsoft President Brad Smith says the US shouldn't get 'too isolationist' More: Cloud Computing LinkedIn Microsoft Azure Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. Deal icon An icon in the shape of a lightning bolt. For you Follow us on: * Copyright © 2022 Insider Inc. All rights reserved. Registration on or use of this site constitutes acceptance of our Terms of Service ,  Privacy Policy and Cookies Policy . 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Google: 2011 Acquisition Spree - Business Insider Tech BI Intelligence Events Trending Tech Finance Politics Strategy Life Sports Video All × From To You have successfully emailed the post. Google Wants To Buy 50 Companies This Year Pascal-Emmanuel Gobry Mar. 5, 2011, 8:29 AM 5,168 3 facebook linkedin twitter email print APGoogle has bought a record 48 companies last year, and plans to buy as many if not more this year, the WSJ says. This is obviously smart: Google is a great acquirer, and most of its best products have come through acquisitions: DoubleClick, Android, YouTube and even AdSense, each of which are billion dollar businesses now. In fact the only big Google products we can think of that have been developed internally have been Gmail and, well, search. That being said, Google has also had a few big own goals in the acquisition game. Blogger has languished under Google and its founder Ev Williams has gone on to start Twitter, whose CEO Dick Costolo is another founder whose startup (FeedBurner) was acquired and then disregarded by the search giant. And of course who can forget Dodgeball, whose newer incarnation Foursquare is flummoxing Google in the potentially huge social/location market. Each time Google gave entrepreneurs the money and prestige to start ambitious companies that are now challenging it. Now Read: Google's Clunky Honeycomb Software Ruins The Motorola Xoom (REVIEW) → More: Google Mergers And Acquisitions facebook linkedin twitter email print Recommended For You Comments Comments on this post are now closed. Insiders 0 All Comments 3 Apply To Be An "Insider" » Loading Google Wants To Buy 50 Companies This Year Google Wants To Buy 50 Companies This Year Paging startups! Recommended For You Featured These high-tech classes are the coolest thing happening in schools today More "Future Now" » Neil deGrasse Tyson and Al Gore on the future of our planet — and everything else More "Innovators" » Get Tech Emails & Alerts Sign-Up Learn More » Tech Select Tech Chart Of The Day Business Insider Select 10 Things In Tech You Need To Know Mobile Insights BII Mobile Insights More Featured Business Insider Select Tech Select Tech Chart Of The Day Markets Chart Of The Day 10 Things Before the Opening Bell Instant MBA Business Insider Events BI Intelligence Daily Finance Finance Select Markets Select Monday Scouting Report Your Money Select Financial Advisor Insights Smart Investor CFO Insider Finance Insider Wealth Advisor Select Strategy Strategy Select Advertising Select Retail Select Careers Select 10 Things You Need To Know In Advertising Politics Politics Select Military Select Life Life Select Transportation Select Education Select Entertainment Select Breaking News Tech Enterprise Select Science Select Mobile Chart Of The Day E-Commerce Chart Of The Day Payments Chart Of The Day Digital Media Chart Of The Day IoT Chart of the Day Fintech Briefing Charts of the Day Sports Chart Of The Day Top 10 Things 10 Things In Tech You Need To Know Closing Bell Sports Sports Latest Research Our 25 Top Tech Predictions The Payments Ecosystem Report The Fintech Ecosystem Report The Internet of Things Report Read Business Insider On The Go Available for iPhone, iPad, and Android Find A Job Tech Jobs C-Level Jobs Media Jobs Design Jobs Finance Jobs Sales Jobs See All Jobs » Thanks to our partners * Copyright © 2016 Business Insider Inc. All rights reserved. Registration on or use of this site constitutes acceptance of our Terms of Service and Privacy Policy. Disclaimer Commerce Policy Made in NYC Stock quotes by finanzen.net International Editions: UKDEAUSIDINMYSGPLSE

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