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Facebook buys Instagram – What you think
In a rather unexpected bit of news, Facebook bought Instagram for $1 billion this morning and we asked you lovely readers what you thought of the deal. You’ll find the answers below thanks to Storify. Instagram was about 551 days old at the time of the acquisition and it could be the first billion-dollar app purchase (not 100 percent sure on that one). What’s clear is that the mobile revolution is real and can be quite lucrative if you have the right pieces. The reactions ran the gamut, as some … Read more
Marin Perez
Facebook buys Instagram for $1 billion
Facebook is acquiring Instagram and the team will be joining the world’s largest social network, according to a status update from Mark Zuckerberg. Reports suggest that the deal is worth up to $1 billion in cash and shares. Instagram blew up as an iPhone-only way to share photos with various filters. The service attracted nearly 30 million users and big brands before it finally came to Android last week.n In a Facebook status, Zuckerberg said: We believe these are different experiences that complement each other. But in order to do … Read more
Marin Perez
HTC profits take a large hit for Q1 2012 – Needs One line to lick its wounds
It looks like HTC’s strategic shift didn’t come soon enough, as the latest quarterly results from the Taiwanese company saw profits fall dramatically for Q1 of 2012. With the competition heating up this quarter, the upcoming One X, One S, and One V are on the front line to hold the likes of Samsung, Apple, and others back. Can it be done? HTC’s revenues saw a 34.92% decrease year-over-year, while its profits before taxes saw a 70% decrease year-over-year. These slides in profit and revenue have come mainly from the usual suspects, … Read more
Blake Stimac
Fujitsu buys out Toshiba’s stake in Fujitsu Toshiba Mobile Communications
It was back in 2010 when we told you Fujitsu and Toshiba are merging their mobile divisions to better compete on the market. That plan apparently didn’t work with Fujitsu announcing it has acquired Toshiba’s ownership stake (19.9%) in the joint venture, making the new company a wholly owned subsidiary of Fujitsu with a new name – Fujitsu Mobile Communications Limited. The company has 300 employees and some 450 million yen (about $5.48 million) in capital though I’m sure it can pull additional resources from the Fujitsu Group when needed. … Read more
Dusan Belic
SEGA restructuring to focus on publishing digital content
As a long time fan of SEGA for both their historic games and video game consoles, today isn’t a fun one in the entertainment industry as SEGA has announced it will be cutting jobs in order to focus on its publishing business for digital content with some packaged retail games from the Sonic the Hedgehog, Football Manager, Aliens, and Total War. Any other planned retail games will be cancelled. SEGA for the past couple of years has been doing very well with its digital content, especially those that have reached … Read more
Daniel Perez
Mobile money market consolidation: Monitise acquires Clairmail
Mobile money services market is consolidating with Monitise announcing acquisition of Clairmail in an effort to “further enhance its position” in the fast expanding market for mobile money, spanning banking, payments and commerce. The combined entity will encompass 13 million registered consumers across four continents, processing more than $10 billion of payments and transfers on a current weekly annualized basis. Moreover, the combined businesses will provide services to the widest possible range of financial institutions in the US. For instance, a third of the top 50 North American financial institutions … Read more
Dusan Belic
Rovio acquires Futuremark GamesStudio
The maker of the wildly popular Angry Birds franchise, Rovio Entertainment, in an acquire-hire type of deal has just bought another Finnish gaming company by the name of Futuremark Games Studio. This acquisition was for an undisclosed amount, but according to many VentureBeat its a deal said to be one driven by the company’s desire for some new talent. Discussing the acquisition Mikael Hed, Rovio Entertainment’s chief executive, in a statement said, “They are an incredibly talented and experienced team, and we are thrilled to have them on board.” He … Read more
Charles West
Analysts on RIM: ‘Grim and getting grimmer’
Later this week, Research in Motion will present its fiscal fourth-quarter earnings report to an eager Wall Street crowd. Anyone who knows anything about RIM is anticipating some pretty abysmal results, as market share for RIM’s Blackberry OS continues to decline at the hands of Android and iOS. RIM’s Blackberry 7 phones are fairly dated at this point, and RIM’s hail-mary Blackberry 10 platform won’t be out until the fall, leaving RIM playing the waiting game for a few more quarters. Adding insult to injury, Barclays Capital Analyst Jeff Kvaal … Read more
Anthony Domanico
Zynga buying Draw Something creator OMGPOP
If you can’t beat em, buy em. Zynga is all set to purchase OMGPOP, the maker of the phenomenally addictive game and app, Draw Something. The acquisition price is rumored to be around $200 million. If you haven’t been online for the last few weeks, Draw Something is an addictive game where you draw something and then have your friend guess what it is. It’s a smash hit on Facebook and the iPhone and iPad apps are at the tops of the App Store charts. It’s tough to really describe … Read more
Marin Perez
SingTel goes for the mobile advertising market with $321 million acquisition of Amobee
Offering basic mobile service is obviously not enough for SingTel, Southeast Asia’s largest telecom by revenue. The company announced plans to acquire mobile advertising company Amobee (which we covered for few times in the past) for $321 million, with the completion expected by June. Under the deal, Amobee’s management will stay in place, SingTel said in a statement. According to SingTel’s chief executive of Singapore operations Allen Lew, the carrier is very serious about “becoming a major player in this mobile marketing ecosystem.” He added that the acquisition of Amobee … Read more
Dusan Belic
SugarSync raises $15 million Series D round further expand its reach
Cloud services provider SugarSync completed a $15 million series D financing round, with a plan to use the new cash to further grow its team and “dramatically expand” its datacenter footprint as the company continues to scale globally. This brings SugarSync’s total funding to $50 million. The round was led by new investor Coral Group, while existing investors also participated, including Draper Fisher Jurvetson, Sigma Partners, Hatteras Venture Partners and Hercules. SugarSync has been selected as the cloud partner of choice by Samsung, Lenovo, Fujitsu, SanDisk, France Telecom-Orange, Korea Telecom, … Read more