acquisition

Zynga’s OMGPOP studio shut down 14 months after acquisition

Zynga’s OMGPOP studio shut down 14 months after acquisition

Remember Draw Something? The fun social game that had you and a friend work together to try and guess each other's drawings was an absolute huge hit, and Zynga went right ahead and just bought the game and its studio who developed it: OMGPOP. However, it doesn't seem to be working out too well for Zynga, as they seem to have shut down the recently-acquired studio and laid off its employees.

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Facebook Waze acquisition negotiations end

Facebook Waze acquisition negotiations end

As talk continues surrounding the possible acquisition of the social mapping company known as Waze, it appears today that Facebook is out of the running. According to sources familiar with the matter speaking with All Things D, a potential acquisition of Waze by Facebook is no longer an option as talks have fallen apart. Facebook was tipped to be considering buying Waze for upwards of $1 billion USD.

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Apple’s Cook: “I’ve never felt like we’ve needed a social network”

Apple’s Cook: “I’ve never felt like we’ve needed a social network”

This week in a chat with Walt Mossberg and Kara Swisher at the conference known as D11, Tim Cook took the stage with chat about what Apple needs - and what it does't need - to push forward in our modern mobile market. Suggesting that Apple may be "missing" social networking as it acquires companies (at a pace of 6 or 7 companies a year, according to Cook), Swisher found Cook mentioning iMessage and Apple's Game Center as "some things that are social" that Apple does.

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Google reportedly considering bid against Facebook to buy Waze

Google reportedly considering bid against Facebook to buy Waze

Waze is a navigational app that offers crowdsourced information on things such as traffic conditions, with the information and map updates coming from users themselves. The app has long been the source of acquisition rumors, with word having surfaced back in January that Apple was looking into buying the company, something that was later denied by sources. This was followed up earlier this month by a new rumor, this time that Facebook is looking into buying the company for $1 billion, and now new sources are saying Google is considering tossing a bid into the mix.

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Yahoo getting into gaming with PlayerScale acquisition

Yahoo getting into gaming with PlayerScale acquisition

Added to the list of many Yahoo acquisitions happening recently, PlayerScale is the latest one to get bought out by Marissa Mayer and company. PlayerScale was founded on 2009 and is a startup that creates software infrastructure for cross-platform gaming. What's perhaps the the greatest news is that the startup won't be shutting down.

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Yahoo Tumblr acquisition reportedly approved in cash-only deal

Yahoo Tumblr acquisition reportedly approved in cash-only deal

This morning a deal between Yahoo and Tumblr has been approved according to sources familiar with the matter. This deal is said by people familiar with those speaking with the Wall Street Journal to have been approved by Yahoo's board only at this time, and that Tumblr's board is not yet at a final decision point. This deal has been reported after several days of rumors surrounding purchases by not just Yahoo, but other large-name web-based businesses as well.

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