The big blue social network has once again purchased a mobile developer group in Acrylic Software, this time opting to take the talent and leave the already developed apps behind. This group is a creator of both mobile and desktop applications, but you might know them best from the apps Wallet and Pulp. The minds behind these RSS and database apps will be working for Facebook from here on out while the apps themselves will no longer be updated.
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‘acquisition’ Stories
PayPal announces card.io acquisition
PayPal has purchased San Fransico-based card.io, the massive company has revealed. Hill Ferguson, PayPal's Vice President of Global Product, announced the acquisition on the PayPal Blog earlier today, saying that the card.io team will be joining PayPal's San Jose team to help "create new experiences to make it even easier for consumers and merchants to use the PayPal digital wallet."
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Facebook acquires Spool team and shuts down legacy apps
Facebook has acquired the team behind Spool, a company that offers free iOS and Android apps that allow users to bookmark web content and view it later offline. This is just the latest in Facebook's line of mobile and social acquisitions as it attempts to cash in on the increasing number of Facebook users who are accessing the site through smartphones and tablets. The price Facebook paid for the Spool team was not disclosed during the announcement of the acquisition.
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Betaworks picks up Digg for measly sum
Earlier today those in charge of social news site Digg.com signed over the company to the company behind Chartbeat, bit.ly, and more- Betaworks, for what’s been tipped as a measly $500,000 USD. This amount makes the situation seem all the more dire for Digg as they’ve recently had struggles after founder Kevin Rose joined Google (and some would say before). Betaworks will have its own founder John Borthwick becoming the new CEO of Digg while current CEO Matt Williams is downgraded to Entrepreneur in Residence.
Micron to buy Elpida Memory to compete with Samsung
Micron Technology Inc. has agreed to acquire debt-ridden Japanese chip maker Elpida Memory for about $750 million in cash to boost Micron’s manufacturing capacity and bump them up behind Samsung–the global market leader for DRAM memory chips. The agreement involves a sponsorship which will require Micron to spend about $2.5 billion to acquire Elpida’s equity and pay off some of its debt.
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Dell to purchase Quest for $2.4 billion
Dell has today announced that it will be purchasing Quest, a company that provides IT management software for businesses. Dell looks to be stocking up on software solutions in order to differentiate itself from its competitors and add to a growing patent portfolio. The acquisition of Quest means that Dell will be able to expands its software to in systems management, security, data protection, and workspace management.
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Facebook’s $100M Face.com deal official
Facebook and Face.com have finally made an official announcement regarding their much rumored acquisition deal after nearly a month of speculation. The two companies did not disclose the cost of the deal, but insider sources previously revealed that the deal should cost Facebook about $100 million.
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Gracenote Bulldog acquisition aims for ultimate second screen
One of the big takeaways from last week's E3 trade show was the emergence of this revolution called the "second screen." That is, we consumers aren't content to just watch one thing on TV anymore, whether it's live programming, a video game, a movie, or a sporting event. One company that wants to capitalize on that is Gracenote, which has an app that tries to automatically figure out what you're watching and seamlessly provide you with relevant data.
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Google acquires Quickoffice
Google may already have Documents and Drive at its disposal, but the company has just announced that its acquiring Quickoffice to further expand its office capabilities. The main motivation behind the purchase seems to be Quickoffice’s ability to easily convert between many different office file formats. Google say that Quickoffice features will be rolled into Apps in the future.
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Zynga adds Buzz Monkey to its quiver
Social gaming giant Zynga has decided to make yet another acquisition. The company has purchased a company called Buzz Monkey. The amount of money it paid was not reported, which means it was not excessive. Very large acquisitions need to be reported to the Securities and Exchange Commission (SEC). Buzz Monkey proved itself with games like Army of Two: 40th Day and Tomb Raider titles.
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Cook talks Apple aquisitions at D10
This week Tim Cook spoke at the most recent All Things D conference in their opening ceremony about a great many things, not least of them on how Apple plans on continuing their pattern of purchasing smaller companies. Kara Swisher and Walt Mossberg inquired with Cook as to why companies like Facebook and Twitter have different amounts of integration with Apple's mobile products, this leading Cook to note that as far as Facebook goes: "We have great respect for them. I think we can do more with them. ... They have their way of doing things, but people could say the same thing about us." This lead directly into Swisher's next question on whether or not Cook saw Apple making more acquisitions of companies in the future.
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Facebook’s Face.com buy confirmed
Facebook is definitely buying Face.com, according to multiple sources familiar with the matter. Rumors of the deal quickly spread following Facebook's IPO and it's believed that the two companies have been in talks for quite some time. Sources expect the deal to be around $100 million and that lawyers are currently hammering out the details.
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