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.