Big news for the tech industry, LinkedIn the social network for professionals has been acquired by Microsoft for $196 per share in an all-cash transaction valued at the whopping US $26.2 billion including all of LinkedIn’s current cash holdings.
LinkedIn will retain its distinct brand, culture, and independence. Jeff Weiner will remain CEO of LinkedIn, reporting to Satya Nadella, CEO of Microsoft. The complete takeover will happen by the end of this calendar year.
The LinkedIn team has grown a fantastic business centered on connecting the world’s professionals, Together we can accelerate the growth of LinkedIn, as well as Microsoft Office 365 and Dynamics as we [...]
Bump, the contact and media sharing app for Android and iOS, has been acquired by Google.
Bump co-founder and chief executive David Lieb said the company was “thrilled” to join Google, citing similar passions for sharing information between people and devices.
In September 2011, the company announced it had 50 million downloaders and 10 million active “bumpers.” Just less than a year later, more than 600 million photos were shared by “bumping” phones. Later it released an iPhone-only version photo-sharing app dubbed Flock (not to be confused with [...]
Talk about big acquisitions! Social networking giant Facebook will buy popular imaging app Instagram for $1 billion in cash and shares. This comes soon after the app was developed for Android.
We think the fact that Instagram is connected to other services beyond Facebook is an important part of the experience. We plan on keeping features like the ability to post to other social networks, the ability to not share your Instagrams on Facebook if you want, and the ability to have followers and follow people separately from your friends on Facebook.
-Instagram CEO Kevin Systrom
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Google announced yesterday that it has acquired restaurant rating company ZAGAT.
“ZAGAT will be a cornerstone of our local offering — delighting people with their impressive array of reviews, ratings and insights, while enabling people everywhere to find extraordinary (and ordinary) experiences around the corner and around the world, I’m incredibly excited to collaborate with ZAGAT to bring the power of Google search and Google Maps to their products and users, and to bring their innovation, trust and wealth of experience to our users”
-Marissa Mayer, vice president of local, maps and location services at Google
Whats up with Acquisitions lately, Recent Microsoft-Skype acquisition and now this. Google will acquire all Modu patents from the bankrupt company for a whopping 4.9 Billion US $. The company had planned for major worldwide release of its spectacular transformer phones, that fit the purpose when needed, and had planned for an IPO, but came close to an imminent closure due to lack of funding.
Google’s $4.9 million IP purchase will be used to pay back Modu’s creditors and former Modu employees who are still due wages. What this could entail is freakishly small Android smartphones……hoping anyway.
WD is one of the worlds best hard drive manufacturing and selling companies and they have just announced a deal to acquire one of its primary competitors, Hitachi Global Storage Technologies Steve Milligan, president and chief executive officer of Hitachi GST, will join WD at closing as president. In the deal the acquisition will include $3.5 billion in cash and $750 million in WD common stock.
The takeover is said to be finalized by Q3 2011.
Western Digital to Acquire Hitachi Global Storage Technologies
Combination of Hard Drive Companies Will [...]