When gigantic multinational corporations buy one another, the process is a bit more complicated than grabbing a new couch off of Craigslist. Lenovo announced its intention to buy American phone manufacturer Motorola off of Google back in January of this year, less than two years after Google itself acquired the then-independent Motorola Mobility. Today the sale is final and approved by all necessary regulatory agencies, with a combined price of $2.91 billion in cash, credit, and stock.
Deezer, a company that provides an online music streaming service, announced today that it has acquired Stitcher, the well-known internet radio and podcasting brand. Sometimes acquisitions leave us scratching our heads in confusion. Other times they leave us feeling uneasy as we wonder whether the buyer will be able to successfully navigate the market they're now setting foot in. Occasionally companies are simply after talent. Then in certain situations, we watch as beloved brands disappear under a competitor's name.
Last week a Wall Street Journal report suggested that Microsoft and Mojang were considering an acquisition worth upwards of $2 billion, and a Reuters article later stated that an announcement would come today, revealing an agreed price of $2.5 billion. Now it's official. Mojang's Chief World Officer Owen Hill has taken to its blog to confirm that the two and half billion dollar acquisition is definitely happening.
Speaking for Minecraft's creator, Hill says in the post that it was never Markus Persson's - known as Notch - intention for the game to get this big.
It's estimated that the build-your-own-adventure sleeper hit Minecraft has sold over 50 million copies on various gaming platforms, including more than 5 million of the Pocket Edition on Android. How much would you say that Mojang, the Swedish developer co-founded by Markus "Notch" Persson, is worth? If a recent report from the Wall Street Journal is to be believed, Mojang and its properties are being acquired for a staggering two billion dollars by Microsoft.
Gecko Design Inc. is the kind of company others look to when they have ideas that they want to turn into physical products. Google is the kind that has said ideas, and it started working with the folks at Gecko in 2013. The two hit it off so well that they started discussing the possibility of taking their relationship to the next level, and the rest, they say, is history. The tech giant will use its newly acquired talent to boost up its Google X research lab.
Update 7/24/14: VentureBeat reports that the deal has finally gone through, though nothing official has been announced by either company just yet. The waiting game continues.
The original post from May 18th continues below.
Google has reportedly succeeded in securing the acquisition of the game streaming service Twitch. If the deal goes through, Twitch will apparently become part of YouTube. The sale price is being reported as an even $1 billion in cash, which works out to exactly one Instagram.
Google has just announced its acquisition of music streaming and curation service Songza. We don't have any details on the value of the deal, but Songza is by no means a heavyweight in the music streaming ecosystem. The deal was rumored a few weeks ago with a possible purchase price for Songza at about $15 million (that's 0.015 Instagrams). Only in the land of Google acquisitions is that a small number.
The rumors surfaced last week, and AT&T made it official yesterday evening. The telecom company has agreed to pay nearly $50 billion in cash and stock for satellite TV provider DirecTV. If approved by regulators, the new AT&T would have control of about 26 million TV subscribers.
Diner Dash was one of the first incarnations of the modern casual game: simple mechanics that are easy to learn and hard to master. Wikipedia says that publisher PlayFirst has seen over 550 million downloads of the game in its various versions, to say nothing of sequels and spin-offs. That's probably why Glu Mobile, one of the more visible mobile game publishers, has snatched up the company. Glu's stock priced jumped 8% this morning on the announcement.