Yahoo Pinkie-Swears It Won't Ruin Tumblr
Nerval's Lobster writes "Yahoo has agreed to acquire Tumblr for $1.1 billion. As you know, Yahoo is a major corporation with a need to monetize its assets in a way that makes its shareholders happy, leaving open the question of whether it'll alter Tumblr's DNA in order to make the latter more of a significant cash generator. But at least for the moment, Yahoo seems content to leave its new property alone. 'Per the agreement and our promise not to screw it up, Tumblr will be independently operated as a separate business,' read the company's press release. 'The product, service and brand will continue to be defined and developed separately with the same Tumblr irreverence, wit, and commitment to empower creators.' Tumblr CEO David Karp, who has been known to make some very anti-advertising comments in the past, will remain in place. Even so, anyone who likes Tumblr may have some cause for concern, because Yahoo has a history of making high-profile acquisitions that subsequently implode. Back ...
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Seamless And GrubHub Confirm Merger, GrubHub Co-Founder Maloney To Helm New Company
Today is turning out to be quite a memorable Monday -- hot on the heels of Yahoo's Tumblr acquisition announcement, online food ordering services GrubHub and Seamless have officially confirmed that the two companies will merge into one as we previously reported.
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Iterations: How Tech Hedge Funds And Investment Banks Make Sense Of Apple's Share Buybacks
Apple has a good deal of cash. And, in the Valley, the startup ecosystem -- for many reasons -- wants to see Apple spend that cash. As their cash pile continued to grow as their stock price and market cap soared, Apple's inability to provide robust software services combined with opportunities to expand their reach through acquisitions has become a fancy parlor game which includes every stripe of public and private investor imaginable. On top of this, pumping even a small percentage of cash pile into acquisitions could provide another pool of much-needed liquidity for founders and investors alike. While it all makes sense on paper, part of what makes Apple "Apple" is that they operate in the way that they want to -- not how the market wants them to. Recently, in response to a variety of pressures to do something, to do anything, Apple announced a two-part share buyback. There are many explanations for this financial strategy, and while the Valley may have their own analysis, I reached out ...
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@WalmartLabs Acquires Cloud Computing Startup OneOps & Delicious Founder's Tasty Labs
Walmart, via its Silicon Valley innovation lab @WalmartLabs, announced today the acquisition of two startups: cloud computing newcomer OneOps and the software development shop Tasty Labs, from Delicious founder Joshua Schachter. Tasty Labs offered two services Jig.com and Human.io – both domains which are now redirecting to Walmart’s acquisition announcement, along with that of their corporate parent. Walmart declined to disclose deal terms. OneOps developed a Platform-as-a-Service (PaaS) capability that Walmart explains will enable it to “significantly accelerate” its PaaS and Private Cloud Infrastructure-as-a-Service (IaaS) strategies. The company offered developer tools built from the ground up for those who host their applications on cloud services like Amazon’s Web Services, for example, as well as Rackspace and HP Cloud. Developers could publish to any cloud, and seamlessly port their apps elsewhere as needed, eliminating lock-in. The company offered a library of predefined ...
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Salesforce Acquires Evernote-Like Web Clipping Service Clipboard For Double-Digit Millions, Service Shut Down In June
Clipboard, the web clipping service which operated as something of a cross between Evernote and Pinterest, has been acquired by Salesforce. Terms of the deal were not disclosed, but we’re hearing that it was mostly cash, and that the final figure was in the “double digit millions.” The startup had previously raised $2.5 million from a “who’s who” of high-profile investors including Andreessen Horowitz, Index Ventures, CrunchFund, SV Angel, Betaworks, DFJ, First Round and others. Founded in 2011 by Gary Flake, Clipboard’s vision was to help users snip and save web content using simple online tools. That content could then be organized into “boards,” where those items could be annotated and shared, or collaborated on with others. Given the similarities to existing services like Pinterest and Evernote, both with huge traction themselves, Clipboard had yet to find a substantially sized audience for its service. Prior to the acquisition, the company had grown to around 100,000 ...
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