Tag - Acquisition
TiVo, the manufacturer of TV set-top boxes, has agreed to be acquired by another company that is also quite big in the digital video recorder business. Rovi will be paying $1.1 billion, made up of approximately $277 million in cash and the remainder paid in stock, to acquire the DVR producer, with the deal apparently being seen as a way for Rovi to significantly increase its patent catalog by including TiVo's collection to the pile.
[Updated with confirmation] Microsoft is reportedly acquiring the producer of a popular predictive keyboard used on mobile devices. The software giant is allegedly preparing to announce an acquisition of the London-based SwiftKey, producers of the software keyboard of the same name, with the acquisition claimed to cost Microsoft somewhere in the region of $250 million, providing founders Jon Reynolds and Ben Medlock at least $30 million.
Apple has apparently taken advantage of its sizable cash pile and a fortuitous opportunity to acquire an 86-acre site in northern San Jose for future development purposes, though it does not presently have firm plans for the location. In a deal with the city, Apple has up to 15 years to figure out what to do with the 4.15 million square feet of space. A likely option is that Apple will eventually build a third campus and office complex to house its growing workforce, which is currently spread out among many leased or rented spaces in the region.
Another acquisition by Yahoo was announced late last week, building on a long string of pick-ups under the leadership of CEO Marissa Mayer. The newest company coming into the Yahoo fold is Cooliris, a developer known for its mobile photo-aggregator application Cooliris for Mobile and the recently launched BeamIt Messenger.
Fans holding out for a Minecraft 2 after the Microsoft acquisition of Mojang could be in for some disappointment. In a podcast recording last week, Microsoft's Head of Xbox Phil Spencer said that he doesn't believe that a second version in the franchise make sense. Even though the brand has room to grow, meeting the needs for the community is currently the most important job.
Yahoo is quickly putting the money it earned from the Alibaba IPO to work, as it was announced last week that the search company acquired social texting service MessageMe. Details of the acquisition weren't announced, but according to the confirmation from MessageMe, the deal appears to be negotiated strictly for the talent behind the platform.
In a move that strengthens its multi-passenger Lyft Line ride service, Lyft has acquired the San Francisco-based Hitch. The ridesharing service boasted a price less than its competitors, including Lyft, while focusing on the social experience and personal connections of the ride. Complete details of the acquisition weren't stated by either company, but Hitch co-founders Snir Kodesh and Noam Szpiro will be joining Lyft.
One of Apple's routinely-unpublicized acquisitions this year was magazine-app creator Prss. The firm, which created software that makes it easy to create magazine apps (and more importantly, to dynamically refresh them with silent updates), shut down this July -- and some of the former employees now appear to be working at Apple, according to Dutch enthusiast site iCulture. The iPad maker recently confirmed the acquisition.
Yahoo's stream of acquisitions doesn't appear to be slowing down any time soon, as a new pick up was reported today. The Economic Times and the Times of India are both reporting that the one-year-old startup Bookpad was purchased by the search company. TechCrunch confirms that Yahoo purchased Bookpad after a spokesperson issued a statement to the publication.
Adobe announced that it acquired a developer of software development kits (SDK) for photo-editing and third-party mobile software. Aviary's SDKs are to be folded into the Adobe Creative SDK, which the company is building as a development platform for mobile apps. Terms of the acquisition were not given, but Aviary was privately held.
Now AAPL Stock: 104 ( + 1.05 )
Cirrus creates Lightning-headphone dev kit
Apple supplier Cirrus Logic has introduced a MFi-compliant new development kit for companies interested in using Cirrus' chips to create Lightning-based headphones, which -- regardless of whether rumors about Apple dropping the analog headphone jack in its iPhone this fall -- can offer advantages to music-loving iOS device users. The kit mentions some of the advantages of an all-digital headset or headphone connector, including higher-bitrate support, a more customizable experience, and support for power and data transfer into headphone hardware. Several companies already make Lightning headphones, and Apple has supported the concept since June 2014. http://bit.ly/29giiZj
Apple Store app offers Procreate Pocket
The Apple Store app for iPhone, which periodically rewards users with free app gifts, is now offering the iPhone "Pocket" version of drawing app Procreate for those who have the free Apple Store app until July 28. Users who have redeemed the offer by navigating to the "Stores" tab of the app and swiping past the "iPhone Upgrade Program" banner to the "Procreate" banner have noted that only the limited Pocket (iPhone) version of the app is available free, even if the Apple Store app is installed and the offer redeemed on an iPad. The Pocket version currently sells for $3 on the iOS App Store. [32.4MB]
Porsche adds CarPlay to 2017 Panamera
Porsche has added a fifth model of vehicle to its CarPlay-supported lineup, announcing that the 2017 Panamera -- which will arrive in the US in January -- will include Apple's infotainment technology, and be seen on a giant 12.3-inch touchscreen as part of an all-new Porsche Communication Management system. The luxury sedan starts at $99,900 for the 4S model, and scales up to the Panamera Turbo, which sells for $146,900. Other vehicles that currently support CarPlay include the 2016 911 and the 2017 models of Macan, 718 Boxster, and 718 Cayman. The company did not mention support for Google's corresponding Android Auto in its announcement. http://bit.ly/295ZQ94
Apple employees testing wheelchair features
New features included in the forthcoming watchOS 3 are being tested by Apple retail store employees, including a new activity-tracking feature that has been designed with wheelchair users in mind. The move is slightly unusual in that, while retail employees have previously been used to test pre-release versions of OS X and iOS, this marks the first time they've been included in the otherwise developer-only watchOS betas. The company is said to have gone to great lengths to modify the activity tracker for wheelchair users, including changing the "time to stand" notification to "time to roll" and including two wheelchair-centric workout apps. http://bit.ly/2955JDa
SanDisk reveals two 256GB microSDXC cards
SanDisk has introduced two 256GB microSDXC cards. Arriving in August for $150, the Ultra microSDXC UHS-I Premium Edition card offers transfer speeds of up to 95MB/s for reading data. The Extreme microSDXC UHS-I card can read at a fast 100MB/s and write at up to 90MB/s, and will be shipping sometime in the fourth quarter for $200. http://bit.ly/294Q1If
Apple's third-quarter results due July 26
Apple has advised it will be issuing its third-quarter results on July 26, with a conference call to answer investor and analyst queries about the earnings set to take place later that day. The stream of the call will go live at 2pm PT (5pm ET) via Apple's investor site, with the results themselves expected to be released roughly 30 minutes before the call commences. Apple's guidance for the quarter put revenue at between $41 billion and $43 billion. http://apple.co/1oi1Pbm
Twitter stickers slowly roll out to users
Twitter has introduced "stickers," allowing users to add extra graphical elements to their photos before uploading them to the micro-blogging service. A library of hundreds of accessories, props, and emoji will be available to use as stickers, which can be resized, rotated, and placed anywhere on the photograph. Images with stickers will also become searchable with viewers able to select a sticker to see how others use the same graphic in their own posts. Twitter advises stickers will be rolling out to users over the next few weeks, and will work on both the mobile apps and through the browser. http://bit.ly/29bbwUE