acquisition

  • Glu Mobile acquires QuizUp in deal valued at $7.5 million

    Glu Mobile acquires QuizUp in deal valued at $7.5 million

    The developers of popular celeb-themed games including Kim Kardashian: Hollywood and Nicki Minaj: The Empire, Glu Mobile, acquired Plain Vanilla Corp., and its mobile social trivia game QuizUp this week, according to an SEC filing. The deal was valued at $7.5 million, including forgiven debt, according to sources familiar with the deal. This is undoubtedly a disappointing fate for the… Read More

  • Yahoo shares tumble as investors fear Verizon acquisition trouble

    Yahoo shares tumble as investors fear Verizon acquisition trouble

    Yahoo shares tumbled 6% on Thursday as investors feared that the latest Yahoo hack could spell bad news for its sale to Verizon. This is the second major hack revelation in recent months and there’s speculation that Verizon could be spooked. Some are wondering if Verizon will ask for a discount on the $4.8 billion deal or scrap it altogether. TechCrunch is owned by Verizon, but we do… Read More

  • Pandora shares up 11% on acquisition report

    Pandora shares up 11% on acquisition report

    Internet radio pioneer Pandora, saw its shares jump over 11% on Friday to $12.77, amid renewed acquisition speculation. A report from CNBC indicated that Pandora and SiriusXM are expected to discuss a possible purchase. The story cautions that there is “no assurance” that Pandora will reach a deal with SiriusXM or any other prospective buyers. This isn’t the first time… Read More

  • Sprinklr acquires Little Bird, a tool for finding experts on anything via Twitter

    Sprinklr acquires Little Bird, a tool for finding experts on anything via Twitter

    New York marketing tech firm Sprinklr has acquired Portland-based Little Bird, according to Sprinklr founder and CEO Ragy Thomas. Little Bird was founded in 2011 to help researchers quickly find the top experts and influencers on any given subject via Twitter. It raised from Mark Cuban, Jason Calacanis, Oregon Angel Fund and other individual investors $4.8 million in venture capital to build… Read More

  • GE acquires Wise.io to deepen its machine learning stack

    GE acquires Wise.io to deepen its machine learning stack

    GE Digital today announced that it has acquired Wise.io, a machine-learning powered service that helps businesses find patterns and trends in their vast data stores. At first glance, that may seem like an odd acquisition for a company like GE. It’s important to keep in mind, though, that with Predix, GE already offers its customers a service that focuses on helping them monitor their… Read More

  • Confirmed: AT&T is buying Time Warner for $85.4B in cash and shares

    Confirmed: AT&T is buying Time Warner for $85.4B in cash and shares

    After days of speculation, the deal is now official: AT&T is acquiring Time Warner for $85 billion in a mix of cash and shares, paving the way for another behemoth in the converged media horizon. The final acquisition price will be $107.50 per share, paid in half cash and half AT&T stock. This means that for each outstanding share of Time Warner stock investors will receive $53.75… Read More

  • Verizon says Yahoo privacy breach had “material” impact 

    Verizon says Yahoo privacy breach had “material” impact 

    It looks like those 500 million hacked Yahoo accounts may affect its sale to Verizon (TechCrunch’s parent). At a company public policy round table in DC this afternoon, Verizon general counsel Craig Silliman said: “I think we have a reasonable basis to believe right now that the impact is material and we’re looking to Yahoo to demonstrate to us the full impact. If they… Read More

  • Report: Verizon wants $1 billion discount after Yahoo privacy concerns

    Report: Verizon wants $1 billion discount after Yahoo privacy concerns

    It’s bad news for Yahoo. The company is in the midst of finalizing its sale to Verizon, but recent revelations about hacking and spying may be costing them a pretty penny. A story from the New York Post alleges that Verizon is now asking Yahoo for a hefty $1 billion discount to finalize what was supposed to be a $4.8 billion deal. (Full disclosure: TechCrunch is owned by Verizon… Read More

  • Rackspace to go private after $4.3B acquisition by private equity firm Apollo

    Rackspace to go private after $4.3B acquisition by private equity firm Apollo

    Rackspace, which is still best known as a hosting company even as it has expanded aggressively into offering services for businesses that use other platforms, went public in 2008. Now, however, it’s going private again after accepting a $4.3 billion offer (or $32 per share) in cash from private equity firm Apollo Global Management. The deal is still subject to regulatory approval and… Read More