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. Read More
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. Read More
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. Read More
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. Read More
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. Read More
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.
Now you see it, now you don't. Just like that, Blink is disappearing in the blink of an eye. Okay, not quite. Current users will gradually see the service shut down on both Android and iOS over the next few weeks, following the app's acquisition by Yahoo.
Blink was a product of Meh Labs (no, not Meth Labs), a company built by two ex-Google employees Kevin Stephens and Michelle Norgan. The app functioned similarly to Snapchat, at least in premise, by allowing users to send messages that automatically disappear. Read More
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. Read More
Facebook just can't keep its hands on its money these days. First the company tossed $1 billion at the folks behind Instagram in order to acquire the service. Then the company agreed to exchange nineteen times that amount for WhatsApp. After that, it dropped another two billion for the Oculus Rift virtual reality headset. Now it has gone after ProtoGeo, the makers of the Moves activity-tracking app.
ProtoGeo announced the acquisition today in a blog post that's pretty sparse on the details. Read More
The ladies and gents at Dropbox have big dreams - look no further than their recent expansion into email and photo gallery apps for evidence of that fact. And like any company with high aspirations, they're snapping up technology and the associated talent at a fast pace. In the last 18 months the company has bought e-readers, photo tools, and even a Craigslist-style marketplace. Today they've announced the acquisition of two more apps and the companies that make them. Read More