Posts Tagged with ‘acquisition’

I'm starting to think I may just want to skip right over the rest of 2008 and start fresh in 2009 when companies come to their senses. First HP decides to acquire support service dinosaur EDS, then Comcast snaps up Plaxo (all the better to throttle your bandwidth AND that of your social graph, my pretties!), and now CBS buys CNET.
I'm sure CNET is ecstatic about the news; several of their properties have been financially struggling now for what seems [...]

It's Saturday night, and like any tech geek, I'm online, reading news and following the Twitter stream when I see a Tweet that CNET has bought Revision3. Now, this rumor was first floated back in December 2007 when CNET added Revision3 content, and has popped up since then occasionally in blogs.
The source, however, was Robert Scoble, so Twitter lit up like a Christmas tree with the news that Revision3 was bought for $57 million. Tweets from early this morning (1 [...]

Boy, were the rumors off the mark or what?
Though we failed to cover the buzz surrounding the supposed imminent purchase (now debunked) of LinkedIn by News Corp, for the fact that we simply have a finite supply of writers here at Profy and only so many hours in the day in which we are able to happily slave work studiously in front of our screens for you, our readers, we thought it’d be right to put at least a [...]

Oh how wonderful it is when a news story of an acquisition involves an acquirer with an intrinsic interest in the operation it is acquiring. Not like some strange arrangements - of the eBay-Skype variety, for instance.
Delivered by a great many publications today is the story of Discovery’s plans to acquire HowStuffWorks.com for a cool $250 million. The company with a vested interest in bringing educational, informative often scientifically intriguing productions to television viewers in the US and elsewhere, [...]

Celebrity gossip is big on the web, as the success of Perez Hilton and TMZ.com has shown. That is why Anthony Soohoo, a former VP at Yahoo!, founded Dotspotter in January 2007.
Essentially, Dotspotter is Digg for celebrity news, photos and video, aggregating content from various celebrity websites and blogs.
Now, just 10 short months after its incarnation, it has been reported that CBS will become the new owner of the web service at a cost of $10 [...]

Recognize the name Jaiku? If not, don’t fret. Lots of others are in that boat as well. I’m sure Twitter raises a flag, though, right? Okay, good. Because both businesses are pretty much synonymous with one another. In a competitive sort of way, that is.
All you really need to know about Jaiku is that it resides within the instant-messaging/social-networking camp, a particular sub-segment of world of MySpace and Facebook sorts, and counts creations like Twitter and Pownce among the populace. [...]

If you haven't heard of eBaum's World, a viral online video portal, now you will. HandHeld Entertainment, has purchased the popular web destination for $15 million in cash and another $2.5 million in stock. Current estimates suggest a possible total of $50 million in cash and stock over the next three years.
Today's press release revealed that the site generated approximately $5.2 million in revenue and $1.6 million in net income last year. It also mentions that the video service [...]

Yesterday, Twango announced that Nokia, the world's largest mobile phone maker, has acquired its media-sharing service. With this acquisition, Nokia will be able to offer its customers an easy way to share multimedia content on their desktop PCs and mobile phones.
"Nokia's unique vision for social media aligns perfectly with Twango," said Twango co-founder, Jim Laurel. "It's really exciting to imagine what we can achieve by combining our social media experience with the resources of a [...]

Multinational media holding Naspers Limited has acquired 30% stake in Port.ru for $ 165 million. Port.ru owns one of the largest Internet portals - Mail.ru. Mail.ru is definitely the best-known and one of the most visited Russian portals: it receives 3 million unique visitors daily and about two billion monthly page views. Mail.ru is also ranked as the number one e-mail provider for Russian-speaking community.
You could definitely tell that email has almost nothing to do with Web 2.0. Sure, I can [...]