Opera buys Skyfire, wants its video and smartphone optimization expertise

In a sudden joining of former leaders in the mobile browser arena that have seen their fortunes turn, Opera announced tonight that it has acquired Skyfire for about $155 million in cash and stock. According to the press release, Opera believes one of the things the two can help each other with is its WebPass program that provides short-term mobile data, by further optimizing user’s data requirements. Skyfire CEO Jeffrey Glueck will become an executive vice president at Opera and oversee joint offerings for the two, as well as remain CEO of Skyfire as an independent but wholly-owned subsidiary of Opera.

If you’re still using Skyfire don’t expect it to go away anytime soon, as the two indicate its browser will continue to be developed and supported. The company says three large US mobile operators are already customers for its Rocket Optimizer tech, meant to speed up all manner of data even as mobile connections have gone from dial-up to broadband speeds. Opera claims its advertising chops can help the Skyfire Horizon mobile browser and toolbar applications as well. The deal is expected to close before mid-March, and the two will be taking meetings at MWC 2013 later this month to show mobile operators how much better they are together.

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Source: Opera, Skyfire Blog

Vimeo absorbs iOS app maker Echograph, bets on the GIF-making craze

Vimeo absorbs iOS app maker Echograph, bets on the GIFmaking craze

It’s not often we hear about Vimeo making any type of acquisition, but today the company let it be known that it has picked up the team (and assets) behind Echograph, an iOS application that focuses on turning videos into animated GIFs. What’s more, Vimeo, as part of the move, is making Echograph a gratis download going forward, marking a notable shift from the previous charge of about three bucks for the app. According to Vimeo, Echograph creator Nick Alt will also go from CEO of Clear-Media, the app’s previous owner, to taking on the role of Vice President of Mobile at the video-focused firm, adding that his “proven track record of building innovative video apps made it a perfect fit for Vimeo.” No details were given on the deal’s financial terms, but we can only imagine a good amount of fancy GIFs were made in order to help celebrate the new property.

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Via: TechCrunch

Source: Vimeo

Vimeo acquires animated GIF app Echograph

With the popularity of animated GIFs being what it is, it makes sense that companies are wanting in the action. Vimeo, the popular video-streaming service, has announced that it has acquired animated GIF-making app Echograph for an undisclosed amount of money. The company behind the app, Clear-Media will remain on its own — it’s merely just the app that Vimeo is after it seems.

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Details of the acquisition are few and far between as far as how this will affect users, and if Vimeo plans to improve their service with the app, but it looks like Vimeo has made the app completely free now, whereas it was $2.99 in the App Store. The app’s creator, Nick Alt, will become Vimeo’s Vice President of Mobile after being Clear-Media’s CEO.

Vimeo CEO Kerry Trainor says that the company “chose Echograph because it helps people easily create beautiful high quality video content,” and said that the app is “a perfect fit for Vimeo.” Plans for the future aren’t exactly clear yet, and it’s not said what exactly Vimeo will do with the app, other than turning it into a freemium option.

However, Nick Alt says that he’s looking forward to the future of the app, and is excited “to take Echograph to the next level and develop a new fleet of amazing mobile video apps.” With that said, it looks like Vimeo may release a handful of new apps sometime in the future, possibly taking a note from YouTube with their Capture video-recording app.


Vimeo acquires animated GIF app Echograph is written by Craig Lloyd & originally posted on SlashGear.
© 2005 – 2012, SlashGear. All right reserved.

TV Maker Loewe Shares Jump 45 Percent After Apple Buyout Rumors

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German luxury brand Loewe experienced a roller coaster day. A trader commented that “Apple supposedly wants to bid 4 euros a share for Loewe,” which sent Loewe shares up as much as 44.5 percent to 3.93 compared to yesterday’s closing price of 2.72. The German stock exchange closed today with Loewe shares trading at 3.35, representing a one-day increase of 23.16 percent.

In May 2012, rumors surfaced on AppleInsider that the company was interested in the German TV manufacturer. Even though Loewe denied the rumor and Apple declined to comment, a buyout wouldn’t be a big risk for Apple. Loewe’s market capitalization is around $58.6 million (€43.58 million).

Yet, Apple would have to convince major shareholders. Sharp now owns 28.8 percent of shares, Loewe’s executives 14 percent and hard-drive manufacturer LaCie 11.2 percent. The German company reported $39 million (€29 million) in losses in 2012. Selling the company to Apple or anyone else would be a way to exit the tedious luxury TV market.

The company is currently trying to cut 1,000 jobs, as well, in order to reduce costs. TV sets remain Loewe’s core product, but the company now manufactures Blu-ray players, DVD recorders, hard-disk recorders, multiroom systems, speakers and racks.

For Apple, Loewe could represent another small strategic acquisition. Yesterday, Tim Cook said that the company closes a deal every other month.

But analysts and traders may be reading too far into the rumors, which were alone responsible for Loewe’s share increase today. It remains to be seen whether those analysts are too excited by Apple’s rumored TV plans or whether they are actually hearing talks between the two companies.

Google announces plans to acquire e-commerce company Channel Intelligence

Google has announced that it is set to acquire Channel Intelligence, an e-commerce company. The deal will take place for $125 million, and is set to be finalized during this quarter. Channel Intelligence deals with product promotion, having worked with big names like Best Buy and Target, and is said to track almost 15-percent of US-based online sales.

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Channel Intelligence is part of the ICG Group, which works with companies in the service and cloud-based software sectors. Meanwhile, Channel Intelligence offers CI Boost, a variety of services, including Facebook Platform and Product Search. In addition to ICG, Channel Intelligence is also owned by Aweida Capital.

Said ICG’s CEO Walter Buckley: “The sale of CI to Google is a testament to the quality of its technology and its strong team led by ICG President, Doug Alexander, who positioned the company to succeed in the rapidly growing e-marketing industry. As drivers and architects of CI’s growth and success, we are very pleased with this outcome.”

In addition to tracking almost 15-percent of online sales, Channel Intelligence is said to be responsible for just under $2 billion in annual online sales in the United States. The online sales concern a wide array of products, including toys, appliances, consumer electronics, and home improvement items.

[via ICG]


Google announces plans to acquire e-commerce company Channel Intelligence is written by Brittany Hillen & originally posted on SlashGear.
© 2005 – 2012, SlashGear. All right reserved.

Google acquires e-commerce company Channel Intelligence for $125 million

Google just acquired the coupon-focused company Incentive Targeting and retail locker startup BufferBox in November, and it’s now further bolstered its e-commerce offerings with an acquisition of Channel Intelligence for $125 million. That company is part of the ICG Group, and offers a variety of marketing and shopping services (primarily concerned with boosting sales) to other companies and online retailers, including Staples and Best Buy. It’s also partnered with Google itself in recent years on Google Shopping. Barring any unforeseen hiccups, the company expects the acquisition to close sometime in the first quarter of this year.

Update: We’ve now also gotten this statement on the acquisition from a Google spokesperson: “We want to help consumers save time and money by improving the online shopping experience. We think Channel Intelligence will help create a better shopping experience for users and help merchants increase sales across the web.”

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Via: TechCrunch

Source: Channel Intelligence

Twitter announces Bluefin Labs acquisition

Twitter has announced that it acquired Bluefin Labs, a social TV analytics company, a move taking it further into the world of television. Twitter has shown interest in television for years, with people using it as a way to interact with televised events using hashtags. According to the social network, the acquisition will aid in both ad product innovation and the creation of social TV consumer experiences.

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One example of a social TV experience with Twitter was provided on the company’s blog back in May of 2011, when it discussed coverage of the royal wedding on Twitter using hashtags. Using the hashtags #CNNTV, individuals watching CNN could share their thoughts in a social environment using social media.

The Bluefin Labs acquisition follows the social network’s partnership with Nielsen, which was made public in December 2012. This partnership is for the development of the Nielsen Twitter TV Rating, which is slated to roll out this fall, complementing Nielsen’s regular ratings. Adding Bluefin’s data science and expertise into the mix, Twitter is looking to really ramp up its television presence.

According to the announcement, Twitter will still honor Bluefin contracts that already exist, but will not sell Bluefin products to any new customers. Using its partnership with Nielsen and SocialGuide, the social network will work on research and develop for networks, agencies and such to show them the benefits of combining TV and Twitter.

[via Twitter]


Twitter announces Bluefin Labs acquisition is written by Brittany Hillen & originally posted on SlashGear.
© 2005 – 2012, SlashGear. All right reserved.

Liberty Global buys Virgin Media for $23.3 billion

Liberty Global acquires Virgin Media for $233 billion

Some British cable subscribers will soon have a new master: international telecom giant Liberty Global has just acquired Virgin Media for $23.3 billion in cash and stock. The deal gives Liberty an even larger stake in Europe than it had before and, if you believe the new partners, creates one of the bigger broadband companies on the planet at 47 million homes covered across 14 countries. Liberty also sees Virgin as good at tackling the business and mobile spaces that have been its relative weak points. How this will affect the UK isn’t immediately apparent, although Virgin Media will continue to run under its existing name — that moebius logo isn’t going anywhere in the foreseeable future. We’ll at least have some room to ponder the consequences when the buyout isn’t poised to close until sometime in the second quarter.

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Source: Liberty Global (PDF)

HP reacts to Dell’s own buyout, says they have a “very tough road ahead”

If you haven’t heard yet, Dell went private today, thanks to some company cash and even a loan from Microsoft. If you thought that other companies were going to stay mum about the news, think again. HP has issued a statement regarding Dell’s buyout plan, and essentially, the company says that Dell has a “very tough road ahead,” and that the transition “will not be good for its customers.”

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In their statement, HP essentially reinforces the idea that if users want to seek out alternatives, HP will be there ready at your beck and call. The company says that “with a significant debt load, Dell’s ability to invest in new products and services will be extremely limited.” Plus, the company says that leveraged buyouts “tend to leave existing customers and innovation at the curb.”

HP thinks that Dell’s customers will now be “eager to explore alternatives” after the buyout, and while HP doesn’t flat-out say that its the best choice for consumers, the company says that it “plans to take full advantage of that opportunity,” meaning that they hope to gain from Dell’s yet-to-be-determined pain from the acquisition.

Of course, HP saw struggles of their own in the recent past. Analysts didn’t believe to heavily in the company’s stock, saying that it should be worth negative $2 if anything. Plus, CEO Meg Whitman even said herself that the company will struggle for must of 2013 as the company tries to rebuild itself.


HP reacts to Dell’s own buyout, says they have a “very tough road ahead” is written by Craig Lloyd & originally posted on SlashGear.
© 2005 – 2012, SlashGear. All right reserved.

Dell going private with $24b deal and $2b loan from Microsoft

Earlier this month, we heard reports that Dell was rumored to be backing out of the public game and planned to go private. It turns out that those reports were true, and while the announcement didn’t come yesterday like we thought, the company today announced that it will be buying back stock in a $24 billion deal, with help from a $2 billion loan from Microsoft.

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The deal is being financed through several different avenues, including cash and equity from company CEO Michael Dell, as well as funds from investment firms Silver Lake and MSD Capital. Along with the loan from Microsoft, a number of banks, as well as Dell’s cash on hand, will help with the debt financing.

So far, nothing will change as far as day-to-day operations of the company — Michael Dell will still remain CEO. Current Dell shareholders will receive $13.65 per share, which is a 25% premium over the company’s closing price on January 11, which was $10.88. The deal values Dell at approximately $24.4 billion, and Dell officially closed at $13.27 yesterday.

The deal has actually been in the works since August, and while everything is finalized, it will all have to be approved before it becomes official, but that shouldn’t be a huge problem at this point. As rumored earlier on, Microsoft was indeed in on the deal, with a loan that’s smack-dab between the rumored $1 to $3 billion investment.


Dell going private with $24b deal and $2b loan from Microsoft is written by Craig Lloyd & originally posted on SlashGear.
© 2005 – 2012, SlashGear. All right reserved.