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Apple Buys Healthcare 'Magic Machine'
August 24, 2016
Apple has purchased medical records startup Gliimpse in order to broaden its presence in the personal healthcare information management market. Apple reportedly confirmed that the purchase took place earlier this year. Apple in recent years has delved into healthcare with offerings such as HealthKit, CareKit and ResearchKit. The Gliimpse acquisition is seen as an extension of those efforts.
Lights Out for Gawker.com
August 19, 2016
Gawker Media owner Nick Denton has revealed that Gizmodo, Lifehacker, Kotaku, Jalopnik, Jezebel and Deadspin will continue with their current writers and other staff members following the company's sale to Univision, but that neither he nor Gawker.com will be included in the transition. The Gawker sites will be joining The Onion, ClickHole and other Web properties in Fusion Media Group.
Salesforce Reels BeyondCore Into Its Cloud
August 17, 2016
Salesforce has inked an agreement to acquire BeyondCore, a data analytics firm that already has integrated its latest release with Salesforce, the companies said Monday. BeyondCore will become part of the Salesforce Analytics Cloud, extending smart data discovery and advanced analytics capabilities across the entire Salesforce Customer Success Platform, said BeyondCore CEO Arijit Sengupta.
Intel Snaps Up Nervana to Jump-Start AI
August 16, 2016
Intel last week announced the acquisition of startup Nervana, in a bid to enhance the company's capabilities in artificial intelligence and deep learning. Nervana jumped out of the gate at its 2014 launch with a robust platform for deep learning, a framework called "Nervana Neon," and the Nervana Engine -- a groundbreaking ASIC chip scheduled for introduction by the first quarter of 2017.
Microsoft to Add Beam's Live-Streaming Skills to Xbox
August 16, 2016
Microsoft last week announced a deal to acquire live-streaming startup Beam. It plans to use Beam's interactive technology to enhance the Xbox Live experience. Beam, which was the winner of Techcrunch Disrupt earlier this year, has attracted a number of top investors, including Techstars, Courtside Ventures and Ore Ventures. The deal is designed to help make Xbox Live more social and fun.
GV's Bill Maris Passes Torch to Krane
August 11, 2016
GV founder Bill Maris on Wednesday announced that he was departing the company after an eight-year tenure, and that his replacement would be David Krane, a managing partner and one of his chief deputies at the Alphabet-owned venture capital firm. Krane is a 17-year Google veteran. Maris reportedly wanted to spend more time with his wife and 11-month-old son.
Walmart Pursues Amazon at Jet Speed
August 8, 2016
Walmart on Monday announced that it plans to acquire Jet.com, paying $3 billion in cash and another $300 million worth of Walmart shares. With the acquisition, "Walmart.com will grow faster, the seamless shopping experience we're pursuing will happen quicker, and w''ll enable the Jet brand to be even more successful in a shorter period of time," McMillion said.
Apple Might Need to Think Different About TV
August 5, 2016
Apple's tough negotiating stance apparently has hobbled its efforts to bring entertainment industry companies on board with its planned streaming TV service. Talks with Disney, 21st Century Fox and CBS reportedly have fallen through. Had the entertainment and cable TV industry given in, Apple's demands would have turned current practices topsy-turvy.
The Maturation of the Cloud ERP Market
August 5, 2016
Oracle's acquisition of NetSuite is a clear indication that the rapid adoption of cloud alternatives to traditional on-premises applications is shifting from front-office customer relationship management to back-office enterprise resource planning solutions. Now, the question will be whether Oracle can buy its way into a leadership position in this emerging marketplace.
Time Warner Bets Heavily on Hulu
August 4, 2016
Time Warner on Wednesday announced it has entered an agreement to buy a 10 percent stake in online-streaming service Hulu, in a bid to leverage its lineup of television and film content on multiple viewing platforms. With the new investment, Time Warner will join a joint venture that includes some of the nation's largest media companies, including The Walt Disney Co., 21st Century Fox and Comcast.
Uber's China Strategy Shifts Into Reverse
August 3, 2016
Didi Chuxing on Monday announced a historic deal to acquire the Chinese ride-sharing operations of rival Uber, which threw in the towel after years of unsuccessful efforts to grow its business in what may prove to be the world's most challenging technology market. Under the agreement, Didi Chuxing acquired all of Uber China's assets, including its brand, data and business operations.
Salesforce Gets a Grip on Quip
August 2, 2016
Salesforce has agreed to acquire Quip, Quip CEO Bret Taylor and Head of Product Kevin Gibbs announced Monday. Quip lets users manage live documents throughout the collaboration process. The deal is worth about $582 million, according to a Salesforce filing with the U.S. Securities and Exchange Commission. Quip provides a chat feature that's built into every document and spreadsheet.
SolarCity Deal Would Take Tesla Where No Company Has Gone Before
August 1, 2016
Tesla Motors has announced that it has reached an agreement to purchase SolarCity. The deal could create the world's first vertically integrated sustainable energy company. The merger would drive efforts to develop rooftop solar systems, and better storage batteries for homes and businesses, as well as electric vehicles. It would, in essence, tie together Elon Musk's sustainable energy businesses.
Oracle Hauls In NetSuite
July 28, 2016
Oracle has inked an agreement to acquire NetSuite -- the company its former chief marketing officer, Zach Nelson, cofounded in 1998 -- for $9.3 billion. NetSuite offers various software packages as cloud-based services, including ERP, accounting, CRM and sales force automation. What's surprising about the deal is "why it took so long and why Oracle paid so much," said analyst Trip Chowdhry.
Yahoo Deal Could Put Verizon in Google and Facebook's League
July 25, 2016
Verizon has entered into a definitive agreement to acquire Yahoo's operating business for approximately $4.83 billion in cash. The deal, which comes on the heels of Verizon's $4.4 billion AOL purchase last year, will allow it to expand its digital advertising business. The purchase will provide Verizon with Yahoo's ad tech tools, search, email and messenger assets.
Verizon on Verge of $5B Deal for Yahoo Core Assets
July 22, 2016
Verizon reportedly is close to a deal to buy the core Web assets of Yahoo for $5 billion, which would end a months-long process of jockeying over the future of the struggling company. Verizon emerged as the winner of a lengthy bidding contest to acquire the assets, according to reports that surfaced Friday. An agreement is expected early next week.
Yahoo Posts Weak Earnings as Assets Sale Waiting Game Drags On
July 19, 2016
Yahoo on Monday reported second quarter earnings that fell just short of Wall Street estimates but left investors and analysts waiting to hear about progress in finding a strategic investment partner. Negotiations over the potential sale of the company's core assets are under way. The company reported earnings from operations of $39 million, or 9 cents a share in the second quarter.
Softbank Strong-ARMs Its Way Into Internet of Things
July 19, 2016
Softbank Group has agreed to buy British semiconductor maker ARM Holdings for about $31.4 billion in cash, the companies announced Monday. Softbank agreed to pay a hefty premium for ARM, with a price of about $67.28 per ARM share, which is a 42.9 percent premium over the $47.08 closing price as of Friday, the last business day before the deal was announced. The surprise move will help Softbank gain a solid IoT foothold.
Salesforce Wraps Up Demandware Acquisition
July 11, 2016
Salesforce on Monday announced it had completed its $2.8 billion acquisition of e-commerce cloud software platform Demandware. The deal "gives Salesforce the e-commerce piece to compete against Oracle, which already has e-commerce capabilities, as well as SAP," said Rebecca Wettemann, VP of research at Nucleus Research. "It also gives Salesforce a cloud transactional platform for B2C purchases."
Volkswagen Aims to Clear the Air With $15B US Settlement
June 28, 2016
Volkswagen on Tuesday announced that it has reached an agreement to settle claims arising from the emissions scandal that has plagued the company since its discovery two years ago. The company has agreed to set up a $10 billion funding pool to buy back or terminate leases of diesel vehicles sold in the United States. Volkswagen had used software to cheat on emissions tests.
Webpass Buy Lets Google Fiber Extend Its Tentacles
June 24, 2016
Google Fiber, the high-speed Internet unit of Alphabet, has agreed to buy Webpass, a San Francisco-based broadband service provider that operates in five major metropolitan areas of the U.S., Webpass announced Wednesday. The deal will allow the combined companies to accelerate the growth of high-speed Internet across the U.S., said Webpass President Charles Barr.
Tesla Shares Tank on SolarCity Merger Proposal
June 23, 2016
Shares of Tesla Motors fell sharply Wednesday after the company, helmed by Elon Musk, made an offer to buy SolarCity for $2.8 billion. Musk is the chairman and top shareholder of the struggling alternative energy provider. Tesla made the offer Monday, in a letter to SolarCity CEO Lyndon Rive, noting that Musk and Antonio Gracias would recuse themselves from voting on the proposal.
Microsoft Sees Fertile Ground in Cannabis Compliance
June 21, 2016
Microsoft has entered a partnership with Kind Financial to create an entity that will obtain government contracts to track seed-to-sale compliance in the legalized marijuana business. The new entity, Kind Government Solutions, will provide state, county and local municipalities with tracking information on marijuana sales to keep them in compliance with government regulations.
Amazon's Bold Indian Strategy
June 20, 2016
Amazon CEO Jeff Bezos recently announced an expansion of the company's investment in India to the tune of $3 billion -- that was in addition to the $2 billion in investments it announced in 2014. Bezos announced the new investment during the 41st annual U.S.-India Business Council Leadership Summit, which was attended by Indian Prime Minister Narendra Modi and several top business leaders.
The Microsoft-LinkedIn CRM Connection
June 14, 2016
With its $26 billion purchase of LinkedIn, Microsoft may be setting itself up to tackle Salesforce head-on for CRM dominance. The purchase also might help Microsoft compete more aggressively with other major CRM providers, such as SAP and Oracle. The LinkedIn purchase "is key to our bold ambition to reinvent productivity and business processes," CEO Satya Nadella told Microsoft employees.
Microsoft and LinkedIn Go All In
June 13, 2016
Microsoft on Monday announced an agreement to buy LinkedIn, the world's largest professional social media network, for $26.2 billion in cash. The acquisition furthers Microsoft's effort to extend the breadth of its content portfolio and to integrate its offerings into its platform of cloud services. The companies jointly announced the deal.
The Tricky Business of Crafting Solid Cloud SLAs
June 10, 2016
In the five years since the U.S. government put a clear emphasis on utilizing cloud technology, federal procurement offices have engaged in seemingly endless tinkering of contracting vehicles to promote cloud adoption. The core element of virtually every type of federal cloud procurement contract is the service level agreement, upon which billions of dollars of cloud investments are based.
Uber Scores Historic $3.5B Saudi Investment
June 2, 2016
Uber has nailed down a record $3.5 billion investment from the Saudi Arabian Public Investment Fund -- the largest-ever investment in a closely held technology firm. The investment is part of a deal that will allow Uber to expand its Middle East operations. Yasir Al Rumayyan, managing director of the fund, will take a seat on Uber's board of directors.
Microsoft, Xiaomi Become Office Mates
June 1, 2016
Microsoft on Tuesday announced plans to sell 1,500 mobile technology patents to China-based Xiaomi, in a deal that will expand both companies' access to new markets. Microsoft's office apps will gain a stronger foothold in China, while Xiaomi's smartphones will gain a stronger global presence. The agreement calls for Xiaomi to ship Microsoft Office and Skype on its Android smartphones and tablets.
Salesforce Picks AWS as Preferred Public Cloud Provider
May 31, 2016
Salesforce last week announced its selection of Amazon Web Services as its preferred public cloud infrastructure provider. The deal is worth $400 million. "For the first time, we'll be able to deliver our core services -- including Sales Cloud, Service Cloud, App Cloud, Community Cloud, Analytics Cloud and more -- for our international infrastructure expansion," said Salesforce cofounder Parker Harris.
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