AT&T announced this morning that it will acquire Quickplay Media, a video streaming platform that powers over-the-top video and “TV Everywhere” services that helps its customers stream their video content to any device, including mobile phones. Deal terms were not disclosed, but the two already had an existing relationship. AT&T was using Quickplay for its U-verse TV… Read More
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Warren Buffett’s Berkshire Hathaway holding company today disclosed in a regulatory filing that it owns around 9.81 million shares of Apple — worth around $1.07 billion at the end of the quarter — as Apple shares have taken a huge dive in the past year. Apple shares have been their lowest that they have been in the past year in recent weeks, especially so following a… Read More
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Didi Chuxing, the ride-sharing firm that leads Uber in China, has denied that it plans to go public in the U.S. next year following a report from Bloomberg. Read More
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Last year was a massive year for mergers, with industry giants like Dell and Aol finally closing deals that were large enough to make 2015 a record-breaking year. Predictions mostly held that 2016 would be another huge year for mergers, as they are one of the best ways to continue growing share price after a prolonged bull market. Read More
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It’s that time of year again: more than 40 500 Startups companies presented and launched in Mountain View this afternoon. From acne consultations by dermatologists through your smartphone, to selling sewing patterns, today’s Demo Day hit quite a few pretty interesting areas. Here are a couple of our favorite ones from the batch. Read More
from TechCrunch
It has been a terrible year for tech IPOs. Until now, only SecureWorks braved the market and it didn’t go well.
But Acacia Communications braved the public markets today and outperformed expectations. After pricing its offering at the top of the range at $23 per share, the company soared to above $30 in its first day of trading, yielding a market cap of above $1 billion. Read More
from TechCrunch
Apple made the bombshell announcement today that it has invested $1 billion in China’s top ride hailing app. Didi Chuxing (formerly called Didi Kuaidi) is often described in U.S. media as Uber’s Chinese rival, but it already dominates the market by far. The company claims it fulfilled one billion rides last year and holds 87 percent of the country’s private ride-hailing market. Read More
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Evaneos, the European travel marketplace, has beefed up its coffers once again. The French startup has raised a further $21 million in funding, money it will use to continue developing the product and for international expansion, including a planned U.S. launch. Read More
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Capital Float, an online lending platform for small businesses in India, announced today that it has closed a $25 million Series B. Read More
from TechCrunch
Agrilyst, the winner of our Disrupt SF 2015 Battlefield competition, today announced that it has raised a $1 million seed round for its indoor agriculture analytics service. The round was led by Brooklyn Bridge Ventures with participation from Metamorphic Ventures and a number of angel investors and seed funds, including the co-founders of QuickFire, another Battlefield company that was… Read More
from TechCrunch