Reports of Apple’s pending Beats Electronics acquisition has left the vast majority of us scratching our heads, but if you thought this was just another spurious claim from anonymous supply chain blabbermouths, you can think again. Not only did the story come from reputable sources, but it has been all but confirmed by Dr. Dre himself.
In the short video below, a drunk Dre proclaims himself “the first billionaire in hip-hop” as he celebrates with friends.
Intel has reportedly acquired wristwatch health tracking company Basis Science for between $100 – $150 million.
Basis — which was allegedly shopping itself around to potential buyers including Apple, Google, and Microsoft — currently occupies around 7% of the market with its Basis Health Tracker Watch, versus competitor Jawbone’s 21%.
Former Apple CEO John Sculley has confirmed that he and a group of investors were lining up a bid for BlackBerry, but they waited too long and lost out. In an interview on Bloomberg Surveillance, Sculley reveals how he was surprised when the struggling smartphone maker announced a $1 billion investment deal earlier this week.
Apple may not be snapping up big companies all over the place like Yahoo!, but it is buying lots of shares in one major corporation — itself. Last quarter, the Cupertino company spent $16 billion on 36 million of its own shares, which cost, on average, just over $444 apiece.
Hutchison Whampoa, owner of Three U.K., has today acquired O2 Ireland in a deal worth €850 million ($1.1 billion). Telefonica, O2’s parent company, believes the move will “create a new competitive dynamic in the Irish market,” which Three can now claim 37.5% of with 2 million active subscribers.
Zynga has reportedly closed down Draw Something studio OMGPOP and laid off all of its staff just 14 months after it was acquired in a $180 million deal. OMGPOP released its Draw Something sequel back in April, but it appears it wasn’t the success the company hoped it would be.
You know how some ideas sound really good conceptually but end up not panning out in reality? Color was such an idea. The iPhone app received a ton of hype originally with its $41 million in venture capital funding. The premise was to create a location-based, crowd-sourced photo stream from people’s smartphone cameras that was shared publicly for everyone to see. After that idea failed, Color tried to reinvent itself into a photo sharing service by partnering with Facebook. Now the app is positioned as an internet broadcasting tool.
With recent rumors that Color Labs was considering closing its doors, a surprising report today claims that Apple is in the process of acquiring the startup.
As you’ve likely heard, Google recently acquired Sparrow, the popular email app for both the Mac and iPhone. Along with the acquisition, Google made it clear that no further updates or changes would be pushed to the Mac and iPhone, and that the Sparrow team will be merging with the Gmail team.
People never like change, though, and the Google-Sparrow acquisition is no exception. Within just days of the announcement, a petition to keep Sparrow alive has popped up on the web.
Google has announced its acquisition of leading mobile office solution Quickoffice. Quickoffice has proved to be one of the most powerful mobile office suites available and has shared success across multiple mobile platforms including Android and iOS. It’s tough to tell what Google has planned for the office suite but we’re sure it involves Google Docs, Google Drive, and a host of other productivity apps.
There’s no telling what the future will hold for the Quickoffice suite currently on iOS, as well as platforms other than Android — but one has to wonder: will Google simply kill them off or keep them after they integrate its features into their own apps? Details are bit scarce at this point but we’ll keep you updated.
Looks like Google is on another acquisition kick, as they’ve been scooping up companies left and right over the past month. We certainly welcome this latest addition and look forward to the Quickoffice integration.
Just hours after announcing its acquisition of Penultimate, Evernote has released an update to its iOS app that promises to deliver some major improvements to note taking on the iPhone. It has improved the way in which the app handles attachments and checkboxes, added support for Photo Stream, redesigned the audio recorder, and more.